July 16, 2022
mayank
ICICI Prudential Retirement Fund – Pure Debt Plan Guidance
NAV Growth : Rs 13.0829
NAV IDCW : Rs 13.0829
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 investing in a range of debt and money market instruments of various duration while maintaining 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) | 100 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | 5 Years |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 27-Feb-19 |
| Return Since Launch: | 8.27% |
| Benchmark: | NIFTY Composite Debt Index |
| Riskometer: | Moderate |
| Type: | Open-ended |
| % Assets: | Rs 227 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 1.03% |
| (As on 31-May-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Above Average |
ICICI Prudential Retirement Fund – Pure Debt Plan 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 Retirement Fund – Pure Debt Plan Direct-G | 0.62 | -0.04 | 0.16 | 0.71 | 0.47 | 0.86 | 3.04 | 7.23 | — | — | — |
| VR Bond | 0.02 | -0.04 | -0.01 | 0.91 | 0.49 | 0.33 | 2.17 | 3.74 | — | — | — |
| Debt: Medium Duration | 1.48 | -0.06 | 0.88 | 1.87 | 1.09 | 1.49 | 4.2 | 5.88 | — | — | — |
| Rank within category | 7 | 7 | 7 | 20 | 6 | 6 | 10 | 6 | — | — | — |
| Number of funds in category | 19 | 20 | 20 | 20 | 20 | 19 | 18 | 15 | 13 | 12 | 0 |
ICICI Prudential Retirement Fund – Pure Debt Plan Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Retirement Fund – Pure Debt Plan | 4 star | Feb-19 | 3.04 | 7.23 | — | 1.03 | 227 |
| SBI Magnum Medium Duration Fund | 5 star | Jan-13 | 3.06 | 7.38 | 7.67 | 0.68 | 9,384 |
| ICICI Prudential Medium Term Bond Fund | 5 star | Jan-13 | 4.22 | 7.88 | 7.34 | 0.66 | 6,355 |
| HDFC Medium Term Debt Fund | 4 star | Jan-13 | 3.23 | 6.91 | 7.13 | 0.58 | 3,612 |
| Axis Strategic Bond Fund | 4 star | Jan-13 | 4.26 | 7.56 | 7.31 | 0.39 | 1,682 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 17 | 34 | 17 | 36 |
| Modified Duration (yrs) | 2.45 | 4.4 | 1.82 | — |
| Average Maturity (yrs) | 5.84 | 6.9 | 2.63 | — |
| Yield to Maturity (%) | 6.87 | 6.87 | 5.48 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Retirement Fund – Pure Debt Plan Guidance by Chanakya :
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