July 8, 2022
mayank
ICICI Prudential Long Term Bond Fund Guidance
NAV Growth : Rs 76.3517
NAV IDCW Yearly : Rs 11.3049
Suitable For Which Investors ?
“Long Duration debt funds invest mainly in bonds maturing in more than seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they can be fairly volatile in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with a long investment horizon of seven years or more may consider investing at least some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss is substantially reduced if you invest for seven years and more.”
Fund’s Investment Strategy :
The scheme seeks to generate regular returns by putting around 75 per cent of the investments in debt instruments, and the balance in money market instruments. The plan aims to maintain the optimum balance of yield , safety and liquidity.
Fund Manager :
— Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
— Manish Banthia
Education : Mr. Banthia is B.Com, CA and MBA
Experience : He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.08% |
| Benchmark: | NIFTY Long Duration Debt Index A-III |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | Rs 595 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 1.40% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
ICICI Prudential Long Term Bond Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Long Term Bond Direct-G | -1.64 | -0.31 | 0.81 | 1.96 | -0.9 | -0.91 | 0.49 | 4.66 | 6.12 | 7.91 | — |
| VR Bond | 0.18 | 0.06 | 0.4 | 1 | -0.11 | 0.38 | 2.58 | 4.08 | 5.16 | 6.02 | — |
| Debt: Long Duration | -1.21 | -0.07 | 0.86 | 1.89 | -1.56 | -0.77 | 1.89 | 4.57 | 6.12 | 7.91 | — |
| Rank within category | 4 | 6 | 4 | 2 | 1 | 4 | 4 | 1 | 1 | 1 | — |
| Number of funds in category | 5 | 6 | 6 | 6 | 6 | 5 | 4 | 2 | 1 | 1 | 0 |
ICICI Prudential Long Term Bond Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Long Term Bond Fund | Unrated | Jan-13 | 0.49 | 4.66 | 6.12 | 1.40% | 595 |
| BHARAT Bond FOF – April 2030 | Unrated | Dec-19 | 2.94 | — | — | 0.05% | 3,497 |
| BHARAT Bond FOF – April 2031 | Unrated | Jul-20 | 1.89 | — | — | 0.05% | 2,227 |
| Nippon India Nivesh Lakshya Fund | Unrated | Jul-18 | 2.27 | 4.47 | — | 0.26% | 1,913 |
| BHARAT Bond ETF FOF – April 2032 | Unrated | Dec-21 | — | — | — | 0.05% | 1,125 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 7 | 11 | 7 | 8 |
| Modified Duration (yrs) | 7.18 | 8.74 | 6.9 | — |
| Average Maturity (yrs) | 11.29 | 15.18 | 10.81 | — |
| Yield to Maturity (%) | 7.56 | 7.56 | 6.76 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Long Term Bond Fund Guidance by Chanakya :
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