July 12, 2022
mayank
ICICI Prudential Nifty SDL Sep 2027 Index Fund Guidance
NAV Growth : Rs 9.8438
NAV IDCW Yearly : Rs 9.8438
Suitable For Which Investors ?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to 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 may experience some degree of volatility 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 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 provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Sep 2027 Index before expenses, subject to tracking errors.
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.
— Chandni Gupta
Education : She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Experience : Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
— Naresh Chaudhary
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 23-Mar-22 |
| Return Since Launch: | -1.56% |
| Benchmark: | Nifty SDL Sep 2027 |
| Riskometer: | Moderate |
| Type: | Open-ended |
| % Assets: | Rs 536 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.15% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
ICICI Prudential Nifty SDL Sep 2027 Index 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 Nifty SDL Sep 2027 Index Direct-G | — | -0.03 | 0.25 | 1.38 | -0.81 | — | — | — | — | — | — |
| VR Bond | — | -0.12 | -0.02 | 0.63 | 0.16 | — | — | — | — | — | — |
| Debt: Medium to Long Duration | — | -0.02 | 0.16 | 1.04 | -0.29 | — | — | — | — | — | — |
| Rank within category | — | 19 | 10 | 6 | 18 | — | — | — | — | — | — |
| Number of funds in category | 19 | 28 | 28 | 28 | 28 | 19 | 15 | 14 | 14 | 14 | 0 |
ICICI Prudential Nifty SDL Sep 2027 Index Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Nifty SDL Sep 2027 Index Fund | Unrated | Mar-22 | — | — | — | 0.15% | 536 |
| ICICI Prudential Bond Fund | 4 star | Jan-13 | 2.11 | 6.59 | 6.65 | 0.56% | 2,576 |
| Kotak Bond Fund | 4 star | Jan-13 | 2.03 | 6.11 | 6.31 | 0.58% | 1,551 |
| SBI Magnum Income Fund | 5 star | Jan-13 | 2.28 | 7.13 | 7.11 | 0.80% | 1,543 |
| Aditya Birla Sun Life Income Fund | 4 star | Jan-13 | 2.55 | 6.3 | 6.6 | 0.50% | 1,533 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 26 | 26 | 16 | 27 |
| Modified Duration (yrs) | 4.11 | 4.21 | 3.67 | — |
| Average Maturity (yrs) | 5.12 | 5.2 | 4.5 | — |
| Yield to Maturity (%) | 7.48 | 7.48 | 6.05 | — |
| Avg Credit Rating | GOI/Cash | — | — | — |
ICICI Prudential Nifty SDL Sep 2027 Index Fund Guidance by Chanakya :
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