ICICI Prudential Credit Risk Fund Direct Plan Growth
ICICI Prudential Credit Risk Fund Direct Plan Growth

ICICI Prudential Credit Risk Fund Direct Plan Growth

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Debt
Direct
Credit Risk

NAV: ₹ 28.8 as on 31-03-2023

Fund Performance
zero opening, trading, fund transfer fee
400 people have invested ₹ 3.3Cr in mutual fund in the last three months

Fund Insights

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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%

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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

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In the last 5 years, ICICI Prudential Credit Risk Fund Direct Plan Growth has outperformed all funds in its category

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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

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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%

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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)

Return
1M
3M
6M
1Y
3Y
5Y
ICICI Prudential Credit Risk Fund Direct Plan Growth
1.1%
1.8%
3.7%
5.9%
7.5%
8.1%
Credit Risk Index
0.7%
1.5%
3%
4.1%
7%
3.9%

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

Expense ratio
Expense ratio
0.88%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹7581 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
58.42%

Fund Distribution as on (28-Feb-23)

  • Equity 3.9%

  • Debt & Cash 96.1%

Sector Allocation

Feb'23

Jan'23

Dec'22

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

Equity Holdings1
Holdings
Weight%
Holdings Trend
1M Change
India Infrastructure Trust
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

Feb'23
Jan'23
Dec'22
Fund Returns
0.26%
0.46%
0.53%
Credit Risk Index
0.31%
0.47%
0.28%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 7.6K Cr
₹ 7.7K Cr
₹ 7.9K Cr
  • 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%
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%
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%
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 %
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 %
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 %
Macrotech Developers Limited's allocation decreased from 1.34 % to 0.66 %
Cash allocation has gone down from 19.8% to 18.5%
Cash allocation has gone down from 19.8% to 18.5%
Debt allocation has gone up from 76.4% to 77.6%
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%

ICICI Prudential Credit Risk Fund Direct Plan Growth Fund Manager

Manish Banthia

Manish Banthia

Fund Manager of ICICI Prudential Credit Risk Fund Direct Plan Growth, since 7 November 2016
Akhil Kakkar

Akhil Kakkar

Fund Manager of ICICI Prudential Credit Risk Fund Direct Plan Growth, since 3 June 2017

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ICICI Prudential Credit Risk Fund Direct Plan Growth
7.5%
7.02%

Fund Highlights

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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 8.92% since inception which is more than its category average return of 5.2%
Fund Allocations

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

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%

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%
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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%