July 16, 2022
mayank
ICICI Prudential Short Term Fund Guidance
NAV Growth : Rs 51.5036
NAV IDCW Monthly : Rs 12.7518
Suitable For Which Investors ?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The scheme seeks to generate income through investments in a range of debt and money market instruments 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.
— Nikhil Kabra
Education : Mr. Kabra is a B.Com and Chartered Accountant.
Experience : Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
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: | 8.60% |
| Benchmark: | NIFTY Short Duration Debt Index B-II |
| Riskometer: | Moderate |
| Type: | Open-ended |
| % Assets: | Rs 15,492 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.37% |
| (As on 31-May-2022) | |
| Risk Grade: | Below Average |
| Return Grade: | Above Average |
ICICI Prudential Short Term 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 Short Term Direct-G | 1.75 | -0.01 | 0.28 | 1.15 | 1.16 | 1.76 | 4.12 | 7.36 | 7.4 | 8.27 | — |
| 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: Short Duration | 1.69 | -0.02 | 0.11 | 0.83 | 0.44 | 1.6 | 4.47 | 6.45 | 6.24 | 7.13 | — |
| Rank within category | 3 | 10 | 2 | 1 | 1 | 3 | 6 | 5 | 1 | 1 | — |
| Number of funds in category | 26 | 29 | 29 | 29 | 29 | 26 | 25 | 24 | 21 | 21 | 0 |
ICICI Prudential Short Term Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Short Term Fund | 4 star | Jan-13 | 4.12 | 7.36 | 7.4 | 0.37 | 15,492 |
| HDFC Short Term Debt Fund | 4 star | Jan-13 | 3.27 | 6.99 | 7.23 | 0.29 | 13,834 |
| Kotak Bond – Short Term Fund | 4 star | Jan-13 | 3.25 | 6.61 | 7.09 | 0.34 | 13,114 |
| Nippon India Short Term Fund | 5 star | Jan-13 | 3.56 | 7.04 | 7.01 | 0.35 | 7,284 |
| Axis Short Term Fund | 4 star | Jan-13 | 3.7 | 6.96 | 7.27 | 0.28 | 6,539 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 165 | 212 | 140 | 46 |
| Modified Duration (yrs) | 2.08 | 2.53 | 1.48 | — |
| Average Maturity (yrs) | 5.58 | 5.58 | 3.03 | — |
| Yield to Maturity (%) | 6.7 | 6.7 | 5.01 | — |
| Avg Credit Rating | AAA | — | — | — |
ICICI Prudential Short Term Fund Guidance by Chanakya :
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