ICICI Prudential Medium Term Bond Fund Direct Growth

Debt
Direct
Medium Duration
ICICI Prudential Medium Term Bond Fund Direct Growth

About the Fund

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, Ritesh Lunawat. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Medium Term Bond Fund Direct Growth has ₹6093 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential Medium Term Bond Fund Direct Growth has given a CAGR return of 8.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.73%, 6.62% and 7.88% respectively.

Holdings

ICICI Prudential Medium Term Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Consumer Cyclical, Cash Equivalent. Its top holdings are 7.18% Govt Stock 2033, 7.1% Govt Stock 2034, 7.26% Govt Stock 2033, The Great Eastern Shipping Company Limited, Pipeline Infrastructure Ltd.

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.

Fund Performance
zero opening, trading, fund transfer fee
183 people have invested ₹ 16.9L in ICICI Prudential Medium Term Bond Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.74%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹6093 Cr
Inception Date24 January, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
69.97%
Risk
Risk meter
pointer
Moderately High risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.7%

AA
50.9%

AAA
49.1%

Sector Allocation

Jun'24

May'24

Apr'24

Corporate
62.7%
Government
34.1%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
16.44%
-8.8%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
7.89%
92.8%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
5.73%
0%
The Great Eastern Shipping Company Limited
The Great Eastern Shipping Company Limited
2.45%
0%
Pipeline Infrastructure Ltd.
Pipeline Infrastructure Ltd.
2.06%
0%

Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Medium Term Bond Fund Direct Growth, since 7 November 2016
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Medium Term Bond Fund Direct Growth, since 1 May 2023

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has increased expense ratio by 1.4% moving from 0.73 to 0.74.
Insights icon
In the last 3 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 13.48% return, outperforming this fund by 6.86% per annum.
Insights icon
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 0.83%.
Insights icon
In the last 5 years, Aditya Birla Sun Life Medium Term Plan Direct Plan Growth has given 9.41% return, outperforming this fund by 1.53% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 4.4% drop in AUM moving from 6.37K Cr to 6.09K Cr.
Insights icon
In the last 1 year, Kotak Medium Term Direct Growth has given 8.87% return, outperforming this fund by 1.14%.

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 8.47% since inception which is more than its category average return of 4.47%
AUM size ₹6093 Cr

AUM size ₹6093 Cr

This fund has AUM of ₹6093 Cr which is more than its category average of ₹ 1494 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 0.96%

Frequently Asked Questions

The current NAV of ICICI Prudential Medium Term Bond Fund Direct Growth is ₹45.02 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
ICICI Prudential Medium Term Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
4.24%
4.24%
1 Year Returns
7.73%
7.73%
3 Years Returns
21.19%
6.62%
5 Years Returns
46.13%
7.88%
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.
0.74% as on June 2024
₹6093 Cr as on June 2024
7.18% Govt Stock 2033(16.44%), 7.1% Govt Stock 2034(7.89%), 7.26% Govt Stock 2033(5.73%), The Great Eastern Shipping Company Limited(2.45%), Pipeline Infrastructure Ltd.(2.06%) as on June 2024
Corporate(61.17%), Government(33.15%), Cash Equivalent(5.68%) as on June 2024
Yield to Maturity is 8.3 as on June 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 3.33 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AA
50.88
AAA
49.12
Manish Banthia, Ritesh Lunawat 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%