ICICI Prudential Savings Fund Direct Growth

ICICI Prudential Savings Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 04-12-2024

₹ 526.64

Inception Returns

7.8%

/yr

About ICICI Prudential Savings Fund Direct Growth

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.

Key Parameters

  1. ICICI Prudential Savings Fund Direct Growth has ₹21026 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

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.

Holdings

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

Taxation

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.

Investment objective of ICICI Prudential Savings 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 100.00 and for SIP is INR 100.00. ICICI Prudential Savings Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1595 people have invested ₹ 6.6Cr in ICICI Prudential Savings Fund Direct Growth in the last three months

ICICI Prudential Savings Fund Direct Growth Overview

Expense ratio0.42%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹21026 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
101.21%
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
Low to Moderate Risk

Trailing Returns

as on (04-Dec-24)

Period
ICICI Prudential Savings Fund Direct Growth
Low Duration Index
1M
0.6%
0.4%
3M
2%
1.7%
6M
4%
3.6%
1Y
8.2%
7.3%
3Y
6.7%
6.1%
5Y
6.6%
5.9%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
86%

AA
14%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
43.4%
Cash Equivalent
37%
Government
19.5%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 21.1K Cr
₹ 20.8K Cr
₹ 19.7K Cr
  • AUM of the fund stands at 21.1K Cr as of Oct'24
  • AUM increased by 381.1 Cr between Oct'24 and Sep'24
Debt allocation has gone down from 67.7% to 62.8%
Debt allocation has gone down from 67.7% to 62.8%
Cash allocation has gone up from 32% to 36.9%
Cash allocation has gone up from 32% to 36.9%

Top 3 Sectors in October were Corporate, Basic Materials & Utilities

Oct'24
Basic Materials
61%
Corporate
43%
Utilities
39%
Sep'24
Corporate
69%
Basic Materials
61%
Utilities
39%
  • Debt & Cash

Holdings
Weight%
1M Change
7.93% Govt Stock 2033
7.93% Govt Stock 2033
6.32%
0%
Punjab National Bank
Punjab National Bank
3.27%
0%
LIC Housing Finance Limited
LIC Housing Finance Limited
3.09%
0%
Small Industries Development Bank of India
Small Industries Development Bank of India
2.63%
0%
7.53% Govt Stock 2034
7.53% Govt Stock 2034
2.25%
0%
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Nikhil Kabra
Nikhil Kabra
Fund Manager of ICICI Prudential Savings Fund Direct Growth, since 13 September 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

Insights icon
In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.24% return, outperforming this fund by 0.07%.
Insights icon
Over the last 6 months, this fund has experienced a 15.1% growth in AUM moving from 18.27K Cr to 21.02K Cr.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 5.0% moving from 0.40 to 0.42.
Insights icon
In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.83% return, outperforming this fund by 0.17% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.42% which is lower than the category average expense ratio of 0.67%.
Insights icon
In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.16% return, outperforming this fund by 0.6% per annum.

ICICI Prudential Savings Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.82% since inception which is more than its category average return of 5.05%
AUM size ₹21026 Cr

AUM size ₹21026 Cr

This fund has AUM of ₹21026 Cr which is more than its category average of ₹ 4361 Cr
Expense Ratio 0.42%

Expense Ratio 0.42%

This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions for ICICI Prudential Savings Fund Direct Growth

The current NAV of ICICI Prudential Savings Fund Direct Growth is ₹526.64 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
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%
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.
0.42% as on November 2024
₹21026 Cr as on November 2024
7.93% Govt Stock 2033(6.32%), Punjab National Bank(3.27%), LIC Housing Finance Limited(3.09%), Small Industries Development Bank of India(2.63%), 7.53% Govt Stock 2034(2.25%) as on November 2024
Corporate(58.7%), Cash Equivalent(22.1%), Government(19.2%) as on November 2024
Yield to Maturity is 7.68 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 0.83 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
86.02
AA
13.98
Nikhil Kabra is the fund manager of ICICI Prudential Savings Fund Direct Growth
The Exit load of ICICI Prudential Savings Fund Direct Growth is 0%