July 16, 2022
mayank
ICICI Prudential S&P BSE Liquid Rate ETF Guidance
NAV IDCW Daily : Rs 1,000.0000
Suitable For Which Investors ?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy :
The Scheme seeks to invest in CBLOs.The Scheme aims to provide returns before expenses that closely correspond to the returns of S&P BSE Liquid Rate Index, subject to tracking errors.
Fund Manager :
— 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.
— 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) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. No of Cheques | — |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 25-Sep-18 |
| Return Since Launch: | 3.78% |
| Benchmark: | S&P BSE Liquid Rate Index |
| Riskometer: | Low |
| Type: | Open-ended |
| % Assets: | Rs 3,548 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.25% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
ICICI Prudential S&P BSE Liquid Rate ETF 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 S&P BSE Liquid Rate ETF-IDCWD | 1.93 | 0.01 | 0.09 | 0.37 | 1.02 | 1.82 | 3.31 | 3.23 | — | — | — |
| CCIL T Bill Liquidity Weight | 1.03 | 0.03 | 0.04 | 0.3 | 0.44 | 0.94 | 2.01 | 2.67 | — | — | — |
| Debt: Liquid | 2.04 | 0.01 | 0.09 | 0.39 | 1.03 | 1.9 | 3.56 | 3.92 | — | — | — |
| Rank within category | 35 | 4 | 33 | 38 | 30 | 34 | 37 | 38 | — | — | — |
| Number of funds in category | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 39 | 33 | 32 | 31 |
ICICI Prudential S&P BSE Liquid Rate ETF Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential S&P BSE Liquid Rate ETF | Unrated | Sep-18 | 3.31 | 3.23 | — | 0.25 | 3,548 |
| UTI Liquid Cash Fund – Regular Plan | 4 star | Dec-03 | 3.65 | 4.06 | 5.32 | 0.24 | 27,586 |
| Axis Liquid Fund | 4 star | Oct-09 | 3.68 | 4.11 | 5.35 | 0.2 | 22,426 |
| Baroda BNP Paribas Liquid Fund | 5 star | Feb-09 | 3.7 | 4.08 | 5.33 | 0.26 | 5,830 |
| Mirae Asset Cash Management Fund | 4 star | Jan-09 | 3.65 | 4.07 | 5.3 | 0.27 | 3,472 |
Portfolio Breakup
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | — | — | — | 48 |
| Modified Duration (yrs) | — | 0.01 | 0 | — |
| Average Maturity (yrs) | 0 | 0.01 | 0 | — |
| Yield to Maturity (%) | 4.17 | 4.17 | 3.11 | — |
| Avg Credit Rating | Cash | — | — | — |
ICICI Prudential S&P BSE Liquid Rate ETF Guidance by Chanakya :
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