Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
ICICI Prudential Savings Fund
|
Low to Moderate
|
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0.53 |
|||
Low to Moderate
|
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1.02 |
||||
Low to Moderate
|
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0.63 |
||||
Moderate
|
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0.44 |
||||
Low to Moderate
|
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0.57 |
₹19,698 Cr
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100
100
100
6
Investment Strategy
The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.
Suitability
"Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund."
Capital Gains Taxation
Dividend Taxation
ICICI Prudential Savings Fund is mandated to invest in bonds such that the duration of the portfolio is between six to twelve months, and therefore it is suitable to invest in for a similar time frame.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Savings Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Savings Fund is ₹507.7548 as of 14-Aug-2024.
The AUM of ICICI Prudential Savings Fund Fund is ₹19,698 Cr as of 31-Jul-2024
The riskometer level of ICICI Prudential Savings Fund is Low to Moderate. See More
Company | Percentage of Portfolio |
---|---|
GOI GOI FRB 22/09/2033 |
7.24
|
HDFC Bank Ltd CD 06/12/2024 |
4.53
|
Punjab National Bank CD 20/02/2025 |
3.41
|
LIC Housing Finance Ltd NCD 7.82 14/01/2026 |
3.30
|
GOI Sec 4.45 30/10/2034 |
2.39
|
As of 31-Jul-2024, ICICI Prudential Savings Fund had invested 95.42% in Debt and 4.58% in Cash & Cash Eq. See More
ICICI Prudential Savings Fund is 21 years 10 months old. It has delivered 7.70% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
7.72%
|
6.11%
|
6.50%
|
6.79%
|
7.39%
|
7.70%
|
No, There is no lock in period in ICICI Prudential Savings Fund.
The expense ratio of ICICI Prudential Savings Fund is 0.53.