October 3, 2022
mayank
NFO of ICICI Prudential Nifty SDL Dec 2028 Index Fund
NFO opens on October 04 ,2022
NFO will close on October 11 ,2022
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Dec 2028 Index before expenses, subject to tracking errors.
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Issue Open: | 04 October 2022 |
| Issue Close: | 11 October 2022 |
| Type: | Open-ended |
| Category: | Debt: Target Maturity |
| Min. Investment(Rs): | 1,000 |
| Plans: | Growth, IDCW |
| Lock-in Period: | NA |
| Exit Load: | 0 |
| Riskometer: | Moderate |
| Benchmark: | Nifty SDL Dec 2028 |
About Benchmark Index
Nifty SDL Dec 2028 Index seeks to measure the performance of portfolio of SDLs maturing during the twelve month period ending
December 29, 2028.
Methodology Features
i. Index represents the performance of maturity-targeted SDL
market
ii. Index holds SDLs issued by states/UTs, maturing during the
twelve month period ending December 29, 2028
iii. The index is reviewed at the end of every calendar half year
Features
➢ Methodology: Total Return
➢ No. of Constituents: 13
➢ No. of Issuer in the index: 13
➢ Base Value: 1000
➢ Base Date: September 27, 2022
➢ Index Maturity Date: December 29, 2028
Index Level Average Statistics
| Index Name | Yield | Residual Maturity | Macaulay’s Duration |
| Nifty SDL Dec 2028 Index | 7.64% | 5.94 | 4.82 |
Issuer Level Average Statistics
| Sr. no. | Issuer Name | Yield | Residual Maturity | Macaulay’s Duration |
| 1 | UTTAR PRADESH GOVERNMENT | 7.65% | 6.25 | 4.94 |
| 2 | RAJASTHAN GOVERNMENT | 7.64% | 6.25 | 4.94 |
| 3 | GUJARAT GOVERNMENT | 7.65% | 6.25 | 4.94 |
| 4 | MADHYA PRADESH GOVERNMENT | 7.63% | 6.19 | 4.86 |
| 5 | ANDHRA PRADESH GOVERNMENT | 7.63% | 6.19 | 5.05 |
| 6 | MAHARASHTRA GOVERNMENT | 7.63% | 6.17 | 5.04 |
| 7 | TAMIL NADU GOVERNMENT | 7.65% | 6.1 | 4.87 |
| 8 | WEST BENGAL GOVERNMENT | 7.63% | 5.88 | 4.87 |
| 9 | BIHAR GOVERNMENT | 7.63% | 5.86 | 4.85 |
| 10 | HARYANA GOVERNMENT | 7.63% | 5.68 | 4.6 |
| 11 | KARNATAKA GOVERNMENT | 7.64% | 5.47 | 4.61 |
| 12 | PUNJAB GOVERNMENT | 7.65% | 5.45 | 4.59 |
| 13 | KERALA GOVERNMENT | 7.66% | 5.44 | 4.57 |
Fund Manager
1) 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.
Past Performance of his Schemes
| Fund | ICICI Prudential Gilt Fund | It’s Benchmark | ICICI Prudential Multi Asset Fund | It’s Benchmark |
| 1 Year | 2.44 | 0.68 | 9.77 | -2.57 |
| 3 Year | 6.89 | 5.74 | 19.33 | 13.38 |
| 5 Year | 6.75 | 6.62 | 13.20 |
11.67 |
| 7 Year | 7.79 | 7.51 | 14.30 | 11.63 |
| 10 Year | 8.14 | 8.21 | 14.91 | 11.77 |
2) Darshil Dedhia
Education : Mr. Dedhia has done CA and CFA.
Experience : He has been working with ICICI Prudential Mutual Fund since 2013.
AMC:
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Guidance for NFO of ICICI Prudential Nifty SDL Dec 2028 Index Fund
by Paresh Gordhandas, Research Analyst.
Updated Soon
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