July 9, 2022
mayank
ICICI Prudential Medium Term Bond Fund Guidance
NAV Growth : Rs 38.5945
NAV IDCW Yearly : Rs 14.1069
Suitable For Which Investors ?
“Medium Duration debt funds invest mainly in bonds maturing in about three to four 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 do not guarantee returns or safety of capital.
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 an investment horizon of more than three years may consider investing 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 reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy :
The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager :
— 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.
— Shadab Rizvi
Education : Mr. Rizvi has Post Graduate Diploma in Securities Market & B.E. (Electrical Engineering)
Experience : Prior to Joining ICICI Prudential Mutual Fund he has worked with Darashaw & Company Pvt Ltd, Kernel Academy of Computer Sciences and Daksh e-Services Pvt Ltd.
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 | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 8.60% |
| Benchmark: | CRISIL Medium Duration Fund BIII Index |
| Riskometer: | Moderately High |
| Type: | Open-ended |
| Assets: | Rs 6,355 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.66% |
| (As on 31-May-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | High |
ICICI Prudential Medium 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 Medium Term Bond Direct-G | 1.32 | -0.06 | 0.33 | 1.06 | 0.72 | 1.44 | 4.19 | 7.95 | 7.37 | 8.2 | — |
| VR Bond | 0.18 | 0.06 | 0.4 | 1 | -0.11 | 0.38 | 2.58 | 4.08 | 5.16 | 6.02 | — |
| Debt: Medium Duration | 0.51 | -0.05 | 0.31 | 0.8 | -0.19 | 0.62 | 3.3 | 5.65 | 5.83 | 6.94 | — |
| Rank within category | 3 | 13 | 7 | 3 | 2 | 3 | 5 | 1 | 2 | 2 | — |
| Number of funds in category | 19 | 20 | 20 | 20 | 20 | 19 | 18 | 15 | 13 | 12 | 0 |
ICICI Prudential Medium 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 Medium Term Bond Fund | 5 star | Jan-13 | 4.19 | 7.95 | 7.37 | 0.66% | 6,355 |
| SBI Magnum Medium Duration Fund | 5 star | Jan-13 | 3.13 | 7.56 | 7.73 | 0.68% | 9,384 |
| HDFC Medium Term Debt Fund | 4 star | Jan-13 | 3.22 | 6.99 | 7.16 | 0.58% | 3,612 |
| Axis Strategic Bond Fund | 4 star | Jan-13 | 4.25 | 7.65 | 7.34 | 0.39% | 1,682 |
| BHARAT Bond FOF – April 2025 | 2 star | Jul-20 | 2.76 | — | — | 0.05% | 4,040 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 110 | 110 | 99 | 39 |
| Modified Duration (yrs) | 2.7 | 3.31 | 2.18 | — |
| Average Maturity (yrs) | 4.43 | 4.72 | 3.31 | — |
| Yield to Maturity (%) | 7.69 | 7.69 | 6.23 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Medium Term Bond Fund Guidance by Chanakya :
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