ICICI Prudential Credit Risk Fund Direct Growth

ICICI Prudential Credit Risk Fund Direct Growth

Debt

Direct

Credit Risk

NAV as on 12-12-2024

₹ 33.25

Inception Returns

8.9%

/yr

About ICICI Prudential Credit Risk Fund Direct Growth

ICICI Prudential Credit Risk Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Akhil Kakkar, Manish Banthia. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Credit Risk Fund Direct Growth has ₹6448 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

ICICI Prudential Credit Risk Fund Direct Growth has given a CAGR return of 8.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.46%, 7.55% and 8.12% respectively.

Holdings

ICICI Prudential Credit Risk Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Real Estate, Cash Equivalent, Government, Securitize. Its top holdings are 7.1% Govt Stock 2034, Embassy Office Parks Reit, Varroc Engineering Limited, Millennia Realtors Private Limited, Aadhar Housing Finance Ltd

Taxation

As it is a credit risk 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 Credit Risk Fund Direct Growth

To generate income through investing predominantly in AA and below rated corporate bonds 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 100.00 and for SIP is INR 100.00. ICICI Prudential Credit Risk Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
211 people have invested ₹ 44.4L in ICICI Prudential Credit Risk Fund Direct Growth in the last three months

ICICI Prudential Credit Risk Fund Direct Growth Overview

Expense ratio0.76%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹6448 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
56.4%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
High Risk

Trailing Returns

as on (12-Dec-24)

Period
ICICI Prudential Credit Risk Fund Direct Growth
Credit Risk Index
1M
0.4%
0.5%
3M
1.9%
1.6%
6M
4.7%
4%
1Y
9.5%
8%
3Y
7.6%
9.1%
5Y
8.1%
6.7%

Fund Distribution

as on (31-Oct-24)

  • Equity 1.4%

  • Debt & Cash 98.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
71.1%
Real Estate
28.9%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 6.4K Cr
₹ 6.5K Cr
₹ 6.6K Cr
  • AUM of the fund stands at 6.4K Cr as of Oct'24
  • AUM decreased by 81.3 Cr between Oct'24 and Sep'24
Debt allocation has gone up from 82.7% to 83.6%
Debt allocation has gone up from 82.7% to 83.6%
Cash allocation has gone down from 15.1% to 14.2%
Cash allocation has gone down from 15.1% to 14.2%

Top 3 Sectors in October were Corporate, Financial Services & Real Estate

Oct'24
Financial Services
71%
Corporate
68%
Real Estate
29%
Sep'24
Corporate
76%
Financial Services
72%
Real Estate
28%
Loading...
We are taking more time than usual
Akhil Kakkar
Akhil Kakkar
Fund Manager of ICICI Prudential Credit Risk Fund Direct Growth, since 22 January 2024
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Credit Risk Fund Direct Growth, since 7 November 2016
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-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 experienced a 6.7% drop in AUM moving from 6.91K Cr to 6.44K Cr.
Insights icon
In the last 5 years, Aditya Birla Sun Life Credit Risk Fund Direct Plan Growth has given 9.27% return, outperforming this fund by 1.15% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.19%.
Insights icon
In the last 1 year, Aditya Birla Sun Life Credit Risk Fund Direct Plan Growth has given 13.17% return, outperforming this fund by 3.71%.
Insights icon
Over the last 15 months, this fund has decreased expense ratio by 17.4% moving from 0.92 to 0.76.
Insights icon
In the last 3 years, DSP Credit Risk Fund Direct Plan Growth has given 11.63% return, outperforming this fund by 4.08% per annum.

ICICI Prudential Credit Risk Fund Direct Growth Highlights

Risk meter
pointer

High Risk

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

About the fund

This fund has delivered an average annual returns of 8.91% since inception which is more than its category average return of 5.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 1.42% in Equity, 80.43% in Debt and 17.83% in Cash related instruments
AUM size ₹6448 Cr

AUM size ₹6448 Cr

This fund has AUM of ₹6448 Cr which is more than its category average of ₹ 1208 Cr
Expense Ratio 0.76%

Expense Ratio 0.76%

This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions for ICICI Prudential Credit Risk Fund Direct Growth

The current NAV of ICICI Prudential Credit Risk Fund Direct Growth is ₹33.25 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
ICICI Prudential Credit Risk Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.42%
0.42%
6 Month Returns
4.66%
4.66%
1 Year Returns
9.46%
9.46%
3 Years Returns
24.41%
7.55%
5 Years Returns
47.73%
8.12%
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.
0.76% as on November 2024
₹6448 Cr as on November 2024
7.1% Govt Stock 2034(5.36%), Embassy Office Parks Reit(4.33%), Varroc Engineering Limited(3.87%), Millennia Realtors Private Limited(3.28%), Aadhar Housing Finance Ltd(2.73%) as on November 2024
Corporate(70.53%), Cash Equivalent(11.58%), Government(11.22%) as on November 2024
Yield to Maturity is 8.53 as on November 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 1.86 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
56.66
AAA
30.28
A
13.06
Akhil Kakkar, Manish Banthia are the fund managers of ICICI Prudential Credit Risk Fund Direct Growth
The Exit load of ICICI Prudential Credit Risk Fund Direct Growth is 1%