ICICI Prudential Credit Risk Fund Direct Plan Growth
Debt
Direct
Credit Risk
NAV: ₹ 28.8 as on 31-03-2023
Fund Performance
400 people have invested ₹ 3.3Cr in mutual fund in the last three months
Fund Insights
In the last 1 year, Aditya Birla Sun Life Credit Risk Fund Direct Plan Growth has given 8.41% return, outperforming ICICI Prudential Credit Risk Fund Direct Plan Growth by 2.51%
In the last 3 years, Bank of India Credit Risk Fund Direct Growth has given 12.37% return, outperforming ICICI Prudential Credit Risk Fund Direct Plan Growth by 4.88% per annum
In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has outperformed all funds in its category
Over the last 1 month, ICICI Prudential Credit Risk Fund Direct Plan Growth has increased expense ratio by 2.3% moving from 0.86 to 0.88
ICICI Prudential Credit Risk Fund Direct Plan Growth has one of the lowest expense ratio in the category (credit risk). Its expense ratio is 0.88% which is lower than the category average expense ratio of 1.24%
Over the last 6 months, ICICI Prudential Credit Risk Fund Direct Plan Growth has experienced a 4.8% drop in AUM moving from 7.96K Cr to 7.58K Cr
ICICI Prudential Credit Risk Fund Direct Plan Growth Performance as on (31-Mar-23)
About the Fund
ICICI Prudential Credit Risk Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia, Akhil Kakkar. This fund is suitable to keep your money safe.
Key parameters
1) ICICI Prudential Credit Risk Fund Direct Plan Growth has a NAV of ₹28.7539 as on 31-03-2023.
2) ICICI Prudential Credit Risk Fund Direct Plan Growth has ₹7581 Cr worth of assets under management (AUM) as on 28-02-2023 and is more than category average.
3) The fund has an expense ratio 0.88 %.
ICICI Prudential Credit Risk Fund Direct Plan Growth Overview
 | 0.88% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹7581 Cr |
 | 1 January, 2013 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 58.42% |
Fund Distribution as on (28-Feb-23)
Sector Allocation
Real Estate
82.4%
Financial Services
17.6%
Top Holdings of ICICI Prudential Credit Risk Fund Direct Plan Growth as on (31-Mar-23)
Equity Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 India Infrastructure Trust | 0.66% | 0% |
ICICI Prudential Credit Risk Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.26% whereas the fund’s underlying benchmark Credit Risk Index returns stands at 0.31% as on Feb'23
- This fund underperformed Credit Risk Index by 0.05% in Feb'23
AUM Change
- AUM of the fund stands at 7.6K Cr as of Feb'23
- AUM decreased by 156.5 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
The Great Eastern Shipping Company Limited's allocation increased from 0.16% to 2.27%
JM Financial Credit Solutions Limited's allocation increased from 0.39% to 2.21%
Jhajjar Power Limited's allocation increased from 0.32% to 1.3%
Top Stocks sold last month
Aadhar Housing Finance Limited's allocation decreased from 1.12 % to 0.98 %
G R Infraprojects Limited's allocation decreased from 0.93 % to 0.68 %
Macrotech Developers Limited's allocation decreased from 1.34 % to 0.66 %
Cash allocation has gone down from 19.8% to 18.5%
Debt allocation has gone up from 76.4% to 77.6%
Top 3 Sectors in February were Real Estate, Corporate & Financial Services
Feb'23
Real Estate
82%
Corporate
76%
Financial Services
18%
Jan'23
Real Estate
82%
Corporate
74%
Financial Services
18%
Peer Analysis
ICICI Prudential Credit Risk Fund Direct Plan Growth Fund Manager
Manish Banthia
Fund Manager of ICICI Prudential Credit Risk Fund Direct Plan Growth, since 7 November 2016
Top funds managed
Akhil Kakkar
Fund Manager of ICICI Prudential Credit Risk Fund Direct Plan Growth, since 3 June 2017
Top funds managed
Fund Highlights
High Risk
Investors understand that their principal will be at High Risk
About the fund
This fund has delivered an average annual returns of 8.92% since inception which is more than its category average return of 5.2%
Fund Allocations
This fund has an allocation of 3.91% in Equity, 78.4% in Debt and 17.69% in Cash related instruments
AUM size ₹7581 Cr
This fund has AUM of ₹7581 Cr which is more than its category average of ₹ 1321 Cr
Expense Ratio 0.88%
This fund has an expense ratio of 0.88% which is less than its category average expense ratio of 1.17%
Frequently Asked Questions
The current NAV of ICICI Prudential Credit Risk Fund Direct Plan Growth is 28.75 as on 31-Mar-2023.
Existing (Absolute + CAGR)
ICICI Prudential Credit Risk Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.07% | 1.07% |
6 Month Returns | 3.72% | 3.72% |
1 Year Returns | 5.9% | 5.9% |
3 Years Returns | 24.22% | 7.5% |
5 Years Returns | 47.75% | 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.
0.88 as on March 2023
7581 Cr as on March 2023
Corporate(72.61%),Cash Equivalent(13.11%),Government(10.25%) as on March 2023
Yield to Maturity is 9.02 as on March 2023. 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 1.28 as on March 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA | 55.37 |
AAA | 28.83 |
A | 15.8 |
Manish Banthia,Akhil Kakkar are the fund managers of ICICI Prudential Credit Risk Fund Direct Plan Growth
The Exit load of ICICI Prudential Credit Risk Fund Direct Plan Growth is 1%