ICICI Prudential Floating Interest Fund Direct Growth
NAV as on 09-05-2025
₹ 458.1
Inception Returns
8.3%
/yr
Historical NAV & Returns
Absolute
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163 people have invested ₹ 50.6L in ICICI Prudential Floating Interest Fund Direct Growth in the last three months
About ICICI Prudential Floating Interest Fund Direct Growth
ICICI Prudential Floating Interest Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Ritesh Lunawat. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Floating Interest Fund Direct Growth has ₹7227 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
ICICI Prudential Floating Interest Fund Direct Growth has given a CAGR return of 8.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.98%, 8.29% and 7.64% respectively.
Holdings
ICICI Prudential Floating Interest Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are 7.81% Govt Stock 2033, 7.53% Govt Stock 2034, LIC Housing Finance Limited, National Bank For Agriculture And Rural Development, 7.58% LIC Housing Finance Limited (23/03/2035)
Taxation
As it is a floating rate mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of ICICI Prudential Floating Interest Fund Direct Growth
To generate income through investing predominantly in floating rate 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 500.00 and for SIP is INR 100.00. ICICI Prudential Floating Interest Fund Direct Growth has no lock in period.
ICICI Prudential Floating Interest Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | Crisil Low Duration Debt TR INR |
| AUM | ₹7227 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 35.6% |
| 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 |   Moderate Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
68.4%
AA
31.6%
Sector Allocation
Corporate
56.2%
Government
42.5%
Cash Equivalent
1.3%
All changes are between Oct'69 and Dec'69
- AUM of the fund stands at 7K Cr as of Mar'25
- AUM decreased by 255 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 0.35% to 1.28%
Bharti Telecom Limited's allocation increased from 0.57% to 1.36%
Torrent Power Limited's allocation increased from 0.04% to 0.37%
Top Stocks sold last month
LIC Housing Finance Limited's allocation decreased from 5.26 % to 4.7 %
Muthoot Finance Limited's allocation decreased from 5.26 % to 3.23 %
Tata Housing Development Company Limited's allocation decreased from 5.26 % to 1.93 %
Cash allocation has gone down from 4.1% to 0.4%
Debt allocation has gone up from 95.5% to 99.1%
Top 3 Sectors in March were Financial Services, Corporate & Government
Mar'25
Financial Services
100%
Corporate
56%
Government
42%
Feb'25
Financial Services
100%
Corporate
53%
Government
43%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.81% Govt Stock 2033 | 25.14% | -3% | |
7.53% Govt Stock 2034 | 7.65% | 0% | |
LIC Housing Finance Limited | 5.12% | 0% | |
National Bank For Agriculture And Rural Development | 4.63% | 0% | |
7.58% LIC Housing Finance Limited (23/03/2035) | 2.81% | 0% | |
Oberoi Realty Ltd. | 2.79% | 0% | |
Muthoot Finance Limited | 2.65% | 0% | |
Mankind Pharma Ltd | 2.16% | 0% | |
Muthoot Finance Limited | 2.09% | 0% | |
Tata Housing Development Company Limited | 2.08% | 0% | |
Tata Housing Development Company Limited 8.2175% | 1.74% | 0% | |
ICICI Home Finance Company Limited | 1.73% | 0% | |
National Bank For Agriculture And Rural Development | 1.68% | 0% | |
SANSAR AUG 2024 VII TRUST | 1.4% | 0% | |
360 One Prime Ltd. | 1.39% | 0% | |
Motilal Oswal Home Finance Limited | 1.39% | 0% | |
Narayana Hrudayalaya Limited | 1.39% | 0% | |
Pipeline Infrastructure Pvt Ltd. | 1.23% | 0% | |
National Bank For Agriculture And Rural Development | 1.19% | 0% | |
SANSAR JUNE 2024 TRUST | 1.14% | 0% | |
7.1% Govt Stock 2034 | 1.09% | 0% | |
Muthoot Finance Limited | 1.05% | 0% | |
Jm Financial Credit Solutions Limited | 1.05% | 0% | |
Motilal Oswal Finvest Limited | 1.04% | 0% | |
Tata Housing Development Co Ltd. | 1.04% | 0% | |
Small Industries Development Bank Of India | 0.71% | 0% | |
Nirma Limited | 0.7% | 0% | |
Rec Limited | 0.7% | 100% | |
Godrej Industries Limited | 0.7% | 0% | |
Small Industries Development Bank Of India | 0.7% | 0% | |
Bharti Telecom Limited | 0.7% | 0% | |
JM Financial Products Limited | 0.7% | 0% | |
Altius Telecom Infrastructure Trust | 0.7% | 0% | |
Aavas Financiers Ltd. | 0.7% | 0% | |
Manappuram Finance Limited | 0.69% | 0% | |
INDIA UNIVERSAL TRUST AL2 | 0.65% | 0% | |
Dme Development Limited | 0.64% | 0% | |
Dme Development Limited | 0.62% | 0% | |
Dme Development Limited | 0.62% | 0% | |
Dme Development Limited | 0.62% | 0% | |
INDIA UNIVERSAL TRUST AL2 | 0.62% | 0% | |
INDIA UNIVERSAL TRUST AL2 | 0.62% | 0% | |
Dme Development Limited | 0.62% | 0% | |
Dme Development Limited | 0.62% | 0% | |
Dme Development Limited | 0.62% | 0% | |
Dme Development Limited | 0.61% | 0% | |
Dme Development Limited | 0.61% | 0% | |
Dme Development Limited | 0.6% | 0% | |
Sheela Foam Limited | 0.49% | 0% | |
Sheela Foam Limited | 0.49% | 0% | |
Sheela Foam Limited | 0.49% | 0% | |
Jodhpur Wind Farms Private Limited | 0.48% | 0% | |
Corporate Debt Market Development Fund (Class A2) | 0.46% | 100% | |
Torrent Power Limited | 0.43% | 0% | |
Mankind Pharma Ltd | 0.4% | 0% | |
Torrent Power Limited | 0.4% | 0% | |
Eris Lifesciences Limited | 0.35% | 0% | |
Eris Lifesciences Limited | 0.35% | 0% | |
Tata Capital Housing Finance Limited | 0.27% | 0% | |
Tata Capital Housing Finance Limited | 0.07% | 0% | |
Torrent Power Limited | 0.04% | 0% | |
LIC Housing Finance Ltd | 0.01% | 0% | |
7.18% Govt Stock 2033 | 0.01% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ICICI Prudential Floating Interest Fund | 8.98% | 8.29% | 7.64% | 8.33% |
 Franklin India Floating Rate Fund Direct Growth | 9.92% | 8.36% | 7.02% | 7.16% |
 HDFC Floating Rate Debt Fund Direct Growth | 9.08% | 8.01% | 7.18% | 7.94% |
 Aditya Birla Sun Life Floating Rate Fund Direct Growth | 8.49% | 7.67% | 6.78% | 8.01% |
 DSP Floater Fund Direct Growth | 10.27% | 8.31% | - | 7.09% |
 SBI Floating Rate Debt Fund Direct Growth | 8.83% | 7.8% | - | 6.5% |
 Nippon India Floating Rate Fund Direct Growth | 9.38% | 7.79% | 7.1% | 8.03% |
 UTI Floater Fund Direct Growth | 8.01% | 7.22% | 6.3% | 6.95% |
 Kotak Floating Rate Fund Direct Growth | 9.44% | 7.94% | 7.47% | 7.35% |
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Ritesh Lunawat
Fund Manager of ICICI Prudential Floating Interest Fund Direct Growth, since 13 September 2024
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
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
In the last 1 year, DSP Floater Fund Direct Growth has given 10.27% return, outperforming this fund by 1.29%.
Over the last 1 year, this fund has decreased expense ratio by 9.8% moving from 0.61 to 0.55.
Over the last 6 months, this fund has experienced a 18.4% drop in AUM moving from 8.85K Cr to 7.22K Cr.
In the last 5 years, this fund has outperformed all funds in its category.
In the last 3 years, DSP Floater Fund Direct Growth has given 8.31% return, outperforming this fund by 0.02% per annum.
ICICI Prudential Floating Interest Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.33% since inception which is more than its category average return of 6.4%
AUM size ₹7227 Cr
This fund has AUM of ₹7227 Cr which is more than its category average of ₹ 4218 Cr
Expense Ratio 0.55%
This fund has an expense ratio of 0.55% which is more than its category average expense ratio of 0.55%
Frequently Asked Questions for ICICI Prudential Floating Interest Fund Direct Growth
The current NAV of ICICI Prudential Floating Interest Fund Direct Growth is ₹458.1 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
ICICI Prudential Floating Interest Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.66% | 0.66% |
6 Month Returns | 4.15% | 4.15% |
1 Year Returns | 8.98% | 8.98% |
3 Years Returns | 26.98% | 8.29% |
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.
0.55% as on April 2025
₹7227 Cr as on April 2025
7.81% Govt Stock 2033(25.14%), 7.53% Govt Stock 2034(7.65%), LIC Housing Finance Limited(5.12%), National Bank For Agriculture And Rural Development(4.63%), 7.58% LIC Housing Finance Limited (23/03/2035)(2.81%) as on April 2025
Corporate(54.89%), Government(41.58%), Cash Equivalent(3.53%) as on April 2025
Yield to Maturity is 7.86 as on April 2025. 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 1.41 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 68.36 |
AA | 31.64 |
Ritesh Lunawat is the fund manager of ICICI Prudential Floating Interest Fund Direct Growth
The Exit load of ICICI Prudential Floating Interest Fund Direct Growth is 0%