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- ICICI Prudential Floating Interest Fund
Previously called: ICICI Pru Savings-G
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NAV as of(Aug 31, 2021)
₹ 334.58 0.01 % 1-D Change
Returns since inception
- Direct - Growth
- Regular - Growth
Earn upto 0.72% extrareturns with Direct Plan
Not yet ranked
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
Minimum SIP amount is ₹
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Minimum Lumpsum amount is ₹
This fund is non-buyable
This fund is no longer available to invest
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About this Fund
ICICI Prudential Floating Interest Fund -Growth is a Floater mutual fund scheme from ICICI Prudential Mutual Fund. This fund has been in existence for 15 yrs 9 m, having been launched on 17/11/2005. ICICI Prudential Floating Interest Fund -Growth has ₹12,560 Crores worth of assets under management (AUM) as on 30/06/2021 and is medium-sized fund of its category. The fund has an expense ratio of 1.3%, which is higher than what most other Floater funds charge..
- ICICI Prudential Floating Interest Fund -Growth returns of last 1-year are 6.53%. Since launch, it has delivered 7.94% average annual returns. The fund has doubled the money invested in it every 9 yrs.
- ICICI Prudential Floating Interest Fund -Growth schemes ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
- The funds credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
- The funds top holdings are in State Bank of India, Motherson Sumi Systems Ltd., SRF Ltd., Union Bank of India, Gujarat State.
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Total investment Invested
Current value of investment Current value
You would have earned ₹ 1,001 in Direct Plan of this scheme
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
- Top Stock Holdings
- Allocation by Market Cap
- Allocation by Sector
Top Stock Holdings
Bifurcation by Holding is not available for this fund
Allocation by Sector
Bifurcation by Sector is not available for this fund
- Top Debt Holdings
- Allocation by Credit Quality
- Allocation by Instruments
Top Debt Holdings
Motherson Sumi Systems Ltd. 2.43%
Union Bank of India 1.49%
Allocation by Credit Quality
Allocation by Instruments
GOI Securities Floating Rate Bond 40.88%
Non Convertible Debenture 22.31%
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|Period||Trailing returns||Category average||Rank within category|
|1 month||0.88%||0.58%||1 / 12|
|3 months||2.13%||1.5%||1 / 10|
|6 months||3.04%||2.92%||4 / 9|
|1 year||6.28%||5.46%||1 / 7|
|3 years||7.84%||7.59%||2 / 5|
|5 years||7.47%||7.22%||3 / 5|
|10 years||8.28%||7.99%||4 / 5|
Investors understand that their principal will be at Moderate risk
The scheme seeks to generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity.
- Std. Dev : 1.39
- Alpha : 3.36
- Beta : 0.0
- Sharpe : 2.41
- Sortino : 3.74
Mr. Kabra is a B.Com and Chartered Accountant.
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.
- Email: firstname.lastname@example.org
- Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
- Address: One BKC , A Wing ,
13th Floor, Bandra Kurla Complex,
Allocation Break-up by Holdings
Allocation Break-up by Sectors
Allocation Break-up by Holdings
State Bank of India4.2%
Motherson Sumi Systems Ltd.2.43%
Union Bank of India1.49%
Godrej Industries Ltd.1.31%
Godrej Properties Ltd.1.22%
Embassy Office Parks REIT1.2%
Tata Teleservices Ltd.1.16%
Tata Motor Finance Ltd.1.14%
Tata Capital Financial Services Ltd.1.12%
Aditya Birla Finance Ltd.1.04%
ICICI Bank Ltd.0.96%
Tata Realty and Infrastructure Ltd.0.93%
Reliance Industries Ltd.0.86%
Jodhpur Wind Farms Pvt. Ltd.0.83%
Ultratech Cement Ltd.0.82%
Tata Housing Devp. Co. Ltd0.81%
Oberoi Realty Ltd.0.77%
Pipeline Infrastructure (India) Pvt. Ltd.0.77%
Tata Motors Finance Solutions Pvt Ltd.0.76%
Tata Capital Housing Finance Ltd.0.69%
Varanasi Sangam Expressway Pvt. Ltd.0.64%
Reliance Ports and Terminals Ltd0.62%
Britannia Industries Ltd.0.62%
Bank Of Baroda0.58%
IDFC Bank Ltd.0.54%
Grasim Industries Ltd.0.5%
Tata Power Co. Ltd.0.5%
Cholamandalam Investment & Finance Co. Ltd.0.44%
Coastal Gujarat Power Ltd.0.43%
Manappuram Finance Ltd.0.41%
Nabha Power Ltd.0.41%
Sheba Properties Ltd.0.4%
Silica Ceramica Pvt. Ltd.0.4%
HDFC Bank Ltd.0.36%
Mahindra & Mahindra Financial Services Ltd.0.36%
Export-Import Bank Of India0.28%
First Business Receivable Trust0.27%
Reliance Retail Ltd.0.22%
Bharti Telecom Ltd.0.2%
Aditya Birla Housing Finance Ltd.0.16%
Shriram Transport Finance Co. Ltd.0.14%
Axis Bank Ltd.0.1%
LIC Housing Finance Ltd.0.01%
Allocation Break-up by Credit Quality
Cash & Call Money5.59%
Allocation Break-up by Instruments
GOI Securities Floating Rate Bond40.88%
Non Convertible Debenture22.31%
Additional Tier 1 Bond8.01%
Zero Coupon Bonds3%
State Development Loan2.14%
Additional Tier 2 Bond2.11%
Floating Rate Debenture0.93%
Central Government Loan0.23%
Interest Rate Swap-27.27%
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Frequently asked questions
The ICICI Prudential Floating Interest Fund is a 15 yrs 9 m old fund and has delivered average annual returns of 7.9438363510348164% since inception.
ICICI Prudential Floating Interest Fund Returns
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of ICICI Prudential Floating Interest Fund for Aug 31, 2021 is 334.58.
ICICI Prudential Floating Interest Fund -Growth is the regular plan of the fund. For this plan of you pay 1.3% as annual charges. On the other hand if you go for the direct plan available on ETMONEY, you pay 0.58%. Thats 0.72% less.
Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.
So, the lower annual cost of the direct plan means you will earn 0.72% if you opt for direct plan of ICICI Prudential Floating Interest Fund
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of ICICI Prudential Floating Interest Fund is 1.3%. .
Redeeming your investments in ICICI Prudential Floating Interest Fund is super easy. If you have invested in this fund via ETMONEY, just login into the app, go to the investment section and put the redemption request.
If you have invested in ICICI Prudential Floating Interest Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolios equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesnt update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of ICICI Prudential Floating Interest Fund is ₹ 12,560 Crs.
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The ICICI Prudential Floating Interest Fund allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
The top 3 debt holdings of ICICI Prudential Floating Interest Fund are as follows
|Holding Name||Percentage of Portfolio|
|State Bank of India||4.2%|
|Motherson Sumi Systems Ltd.||2.43%|
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