Debt
Direct
Low Duration
NAV as on 04-12-2024
₹ 526.64
Inception Returns
7.8%
/yr
ICICI Prudential Savings Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra. This fund is suitable to keep your money safe.
ICICI Prudential Savings Fund Direct Growth has given a CAGR return of 7.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.17%, 6.66% and 6.56% respectively.
ICICI Prudential Savings Fund Direct Growth has allocated its funds majorly in Basic Materials, Corporate, Utilities, Cash Equivalent, Government. Its top holdings are 7.93% Govt Stock 2033, Punjab National Bank, LIC Housing Finance Limited, Small Industries Development Bank of India, 7.53% Govt Stock 2034
As it is a low 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.
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 for lump sum payment is INR 100.00 and for SIP is INR 100.00. ICICI Prudential Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.42% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹21026 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 101.21% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Low to Moderate Risk |
as on (04-Dec-24)
as on (31-Dec-69)
Top 3 Sectors in October were Corporate, Basic Materials & Utilities
ICICI Prudential Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 4.05% | 4.05% |
1 Year Returns | 8.17% | 8.17% |
3 Years Returns | 21.34% | 6.66% |
5 Years Returns | 37.37% | 6.56% |
AAA | 86.02 |
AA | 13.98 |