ICICI Prudential Bond Fund Direct Growth

ICICI Prudential Bond Fund Direct Growth

Debt

Direct

Medium To Long Duration

NAV as on 11-10-2024

₹ 40.04

Inception Returns

8.2%

/yr

About the Fund

ICICI Prudential Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Chandni Gupta. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Bond Fund Direct Growth has ₹2960 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential Bond Fund Direct Growth has given a CAGR return of 8.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.18%, 6.65% and 7.43% respectively.

Holdings

ICICI Prudential Bond Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.10%Goi 08/04/2034, 07.18 Goi 14082033, Govt Stock 22092033, 7.02% Govt Stock 2031, LIC Housing Finance Limited

Taxation

As it is a medium to long duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of ICICI Prudential Bond Fund Direct Growth

To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
88 people have invested ₹ 49.7L in ICICI Prudential Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.62%
Benchmark
CRISIL Composite Bond Fund TR INR
AUM₹2960 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
114.76%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (11-Oct-24)

Period
ICICI Prudential Bond Fund Direct Growth
Medium to Long Duration Index
1M
1%
0.8%
3M
2.8%
2.6%
6M
5.1%
4.8%
1Y
10.2%
9.8%
3Y
6.6%
5.9%
5Y
7.4%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
72.8%
Corporate
24.1%
Cash Equivalent
3.1%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 2.9K Cr
₹ 3K Cr
₹ 3K Cr
  • AUM of the fund stands at 2.9K Cr as of Aug'24
  • AUM decreased by 17.5 Cr between Aug'24 and Jul'24
Cash allocation has gone down from 12.5% to 7.2%
Cash allocation has gone down from 12.5% to 7.2%
Debt allocation has gone up from 87.2% to 92.6%
Debt allocation has gone up from 87.2% to 92.6%

Top 2 Sectors in August were Government, Corporate

Aug'24
Government
73%
Corporate
24%
Jul'24
Government
72%
Corporate
25%
  • Debt & Cash

Holdings
Weight%
1M Change
7.10%Goi 08/04/2034
7.10%Goi 08/04/2034
26.19%
0%
07.18 Goi 14082033
07.18 Goi 14082033
12.32%
3.1%
Govt Stock 22092033
Govt Stock 22092033
9.87%
0%
7.02% Govt Stock 2031
7.02% Govt Stock 2031
6.19%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
5.47%
0%
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Chandni Gupta
Chandni Gupta
Fund Manager of ICICI Prudential Bond Fund Direct Growth, since 29 December 2020
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹7.95L Cr
as on 31-Aug-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has increased expense ratio by 3.3% moving from 0.60 to 0.62.
Insights icon
In the last 1 year, Kotak Bond Direct Growth has given 11.28% return, outperforming this fund by 1.11%.
Insights icon
In the last 3 years, UTI Medium to Long Duration Fund Direct Plan Growth has given 8.42% return, outperforming this fund by 1.77% per annum.
Insights icon
In the last 5 years, SBI Magnum Income Fund Direct Growth has given 7.8% return, outperforming this fund by 0.38% per annum.

ICICI Prudential Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.2% since inception which is more than its category average return of 5.72%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is more than its category average of ₹ 985 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.1%

Frequently Asked Questions

The current NAV of ICICI Prudential Bond Fund Direct Growth is ₹40.04 as on 11-Oct-2024.
Existing (Absolute + CAGR) as on 11-Oct-2024.
ICICI Prudential Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.03%
1.03%
6 Month Returns
5.08%
5.08%
1 Year Returns
10.18%
10.18%
3 Years Returns
21.3%
6.65%
5 Years Returns
43.07%
7.43%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.62% as on September 2024
₹2960 Cr as on September 2024
7.10%Goi 08/04/2034(26.19%), 07.18 Goi 14082033(12.32%), Govt Stock 22092033(9.87%), 7.02% Govt Stock 2031(6.19%), LIC Housing Finance Limited(5.47%) as on September 2024
Government(62.46%), Corporate(34.55%), Cash Equivalent(2.98%) as on September 2024
Yield to Maturity is 7.36 as on September 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 5.1 as on September 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Chandni Gupta is the fund manager of ICICI Prudential Bond Fund Direct Growth
The Exit load of ICICI Prudential Bond Fund Direct Growth is 0%