July 16, 2022
mayank
ICICI Prudential Savings Fund Guidance
NAV Growth : Rs 439.1725
NAV IDCW Weekly : Rs 105.5504
Suitable For Which Investors ?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
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 maximising income while maintaining the optimum balance of yield, safety and liquidity.
Fund Manager :
— Rahul Goswami
Education : Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience : Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
— Rohan Maru
Education : Mr. Maru is M.Com and MBA in Finance.
Experience : Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| 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: | 7.80% |
| Benchmark: | CRISIL Low Duration Fund BI Index |
| Riskometer: | Low to Moderate |
| Type: | Open-ended |
| % Assets: | Rs 21,430 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.40% |
| (As on 31-May-2022) | |
| Risk Grade: | Above Average |
| Return Grade: | Average |
ICICI Prudential Savings 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 Savings Direct -G | 1.15 | 0.01 | 0.25 | 0.3 | 0.36 | 1.05 | 3.02 | 5.81 | 6.55 | 7.17 | — |
| CCIL T Bill Liquidity Weight | 1.03 | 0.03 | 0.04 | 0.3 | 0.44 | 0.94 | 2.01 | 2.67 | 3.3 | 3.67 | — |
| Debt: Low Duration | 1.88 | 0.01 | 0.11 | 0.56 | 0.83 | 1.7 | 4.24 | 5.9 | 5.87 | 6.61 | — |
| Rank within category | 22 | 8 | 1 | 22 | 22 | 22 | 22 | 11 | 7 | 5 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 0 |
ICICI Prudential Savings Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Savings Fund | 2 star | Jan-13 | 3.02 | 5.81 | 6.55 | 0.4 | 21,430 |
| Aditya Birla Sun Life Low Duration Fund | 5 star | Jan-13 | 4.18 | 6.38 | 7.03 | 0.38 | 11,141 |
| Kotak Low Duration Fund – Standard Plan | 4 star | Jan-13 | 3.71 | 6.34 | 7.01 | 0.42 | 6,965 |
| Nippon India Low Duration Fund | 4 star | Jan-13 | 4.17 | 6.4 | 6.56 | 0.38 | 6,779 |
| Axis Treasury Advantage Fund | 4 star | Jan-13 | 3.82 | 5.86 | 6.73 | 0.26 | 4,889 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 116 | 161 | 94 | 51 |
| Modified Duration (yrs) | 0.74 | 1.1 | 0.74 | — |
| Average Maturity (yrs) | 6.01 | 6.16 | 3.68 | — |
| Yield to Maturity (%) | 5.94 | 5.94 | 4.48 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Savings Fund Guidance by Chanakya :
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