ICICI Prudential Medium Term Bond Fund Direct Growth

ICICI Prudential Medium Term Bond Fund Direct Growth

Debt

Direct

Medium Duration

NAV as on 12-12-2024

₹ 46.7

Inception Returns

8.5%

/yr

About ICICI Prudential Medium Term Bond Fund Direct Growth

ICICI Prudential Medium Term Bond Fund Direct Growth is a debt fund. This fund was started on 24 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 Medium Term Bond Fund Direct Growth has ₹5912 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential Medium Term Bond Fund Direct Growth has given a CAGR return of 8.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.07%, 7.00% and 7.83% respectively.

Holdings

ICICI Prudential Medium Term Bond Fund Direct Growth has allocated its funds majorly in Industrial, Corporate, Government, Cash Equivalent, Securitize. Its top holdings are 7.1% Govt Stock 2034, Godrej Properties Limited, Oberoi Realty Ltd., Pipeline Infrastructure Private Limited, TVS Credit Services Limited

Taxation

As it is a medium 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 Medium Term 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 Medium Term Bond Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
124 people have invested ₹ 6.5L in ICICI Prudential Medium Term Bond Fund Direct Growth in the last three months

ICICI Prudential Medium Term Bond Fund Direct Growth Overview

Expense ratio0.74%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹5912 Cr
Inception Date24 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
69.97%
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
Moderately High risk

Trailing Returns

as on (12-Dec-24)

Period
ICICI Prudential Medium Term Bond Fund Direct Growth
Medium Duration Index
1M
0.7%
0.6%
3M
2.1%
1.7%
6M
4.6%
4.1%
1Y
9.1%
8.3%
3Y
7%
6.1%
5Y
7.8%
6.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 0.9%

  • Debt & Cash 98.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Industrial
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 5.9K Cr
₹ 6K Cr
₹ 6K Cr
  • AUM of the fund stands at 5.9K Cr as of Oct'24
  • AUM decreased by 66.9 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 6.5% to 7.9%
Cash allocation has gone up from 6.5% to 7.9%
Debt allocation has gone down from 92.4% to 90.9%
Debt allocation has gone down from 92.4% to 90.9%

Top 3 Sectors in October were Industrial, Corporate & Government

Oct'24
Industrial
100%
Corporate
63%
Government
29%
Sep'24
Industrial
100%
Corporate
65%
Government
30%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
Cube Highways Trust
Cube Highways Trust
0.85%
0%
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Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Medium Term Bond Fund Direct Growth, since 7 November 2016
Akhil Kakkar
Akhil Kakkar
Fund Manager of ICICI Prudential Medium Term Bond Fund Direct Growth, since 22 January 2024
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

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In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 12.15% return, outperforming this fund by 4.32% per annum.
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Over the last 6 months, this fund has increased expense ratio by 1.4% moving from 0.73 to 0.74.
Insights icon
Over the last 6 months, this fund has experienced a 4.9% drop in AUM moving from 6.21K Cr to 5.91K Cr.
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This fund has one of the lowest expense ratio in the category (medium duration). Its expense ratio is 0.74% which is lower than the category average expense ratio of 0.87%.
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In the last 1 year, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 11.77% return, outperforming this fund by 2.7%.
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In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 14.54% return, outperforming this fund by 7.55% per annum.

ICICI Prudential Medium Term Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderately High risk

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

About the fund

This fund has delivered an average annual returns of 8.5% since inception which is more than its category average return of 4.68%
Fund Allocations

Fund Allocations

This fund has an allocation of 0.85% in Equity, 93.22% in Debt and 5.64% in Cash related instruments
AUM size ₹5912 Cr

AUM size ₹5912 Cr

This fund has AUM of ₹5912 Cr which is more than its category average of ₹ 1493 Cr
Expense Ratio 0.74%

Expense Ratio 0.74%

This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 0.95%

Frequently Asked Questions for ICICI Prudential Medium Term Bond Fund Direct Growth

The current NAV of ICICI Prudential Medium Term Bond Fund Direct Growth is ₹46.7 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
ICICI Prudential Medium Term Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
4.61%
4.61%
1 Year Returns
9.07%
9.07%
3 Years Returns
22.49%
7%
5 Years Returns
45.77%
7.83%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.74% as on November 2024
₹5912 Cr as on November 2024
7.1% Govt Stock 2034(25.69%), Godrej Properties Limited(2.55%), Oberoi Realty Ltd.(2.52%), Pipeline Infrastructure Private Limited(2.13%), TVS Credit Services Limited(1.88%) as on November 2024
Corporate(64.28%), Government(28.96%), Cash Equivalent(5.65%) as on November 2024
Yield to Maturity is 8.16 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 3.28 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
55.55
AAA
44.45
Manish Banthia, Akhil Kakkar are the fund managers of ICICI Prudential Medium Term Bond Fund Direct Growth
The Exit load of ICICI Prudential Medium Term Bond Fund Direct Growth is 1%