ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly-0.09%

4Groww
9.49%
1 Year Return
Debt
Floater
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.57%
NAV101.37 (05 Dec 2019)
Fund Started11 Dec 2013
Fund Size7,444 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly
9.5%
8.0%
8.7%
9.0%
Category Average
8.6%
7.2%
7.7%
-
Rank within category
4
1
1
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 9.5% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    5. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Bahadur Chand Investments Pvt. Ltd.FinancialDebenture5.0%
    Bharti Airtel Ltd.CommunicationNCD4.7%
    Embassy Office Parks REITConstructionNCD4.3%
    State Bank of IndiaFinancialNCD3.5%
    Vedanta Ltd.MetalsNCD3.3%
    Power Finance Corpn. Ltd.FinancialBonds/NCD3.1%
    United Spirits Ltd.FMCGDebenture2.4%
    Zydus Wellness Ltd.FMCGDebenture2.1%
    Geetanjali Trading & Investment Corporation Ltd.ServicesZCB2.1%
    LIC Housing Finance Ltd.FinancialNCD2.0%
    See All

    Fund Managers

    addRahul 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.
    Funds Managed
    addNikhil 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.
    Funds Managed

    Other Details

    ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 11 Dec 2013. Rahul Goswami, Nikhil Kabra is the Current Fund Manager of ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹7,444 Cr and the Latest NAV as of 05 Dec 2019 is ₹101.37.

    The ICICI Prudential Floating Interest Fund Direct Plan Dividend Fortnightly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 15000. Nil.

    Investment Objective

    The scheme aims to generate income consistent with the prudent risk from a portfolio comprising floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments & money market instruments.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹15000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About ICICI Prudential Mutual Fund

    Address
    One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
    Phone
    022-26525000
    Launch Date
    12 Oct 1993
    ICICI Prudential Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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