ICICI Pru Savings Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 525.1855   0.0547(0.01 %) NAV as on 19 Nov 2024
Prime Rating: 2.5 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 21,132.05
Fund category:
Low Duration
Fund manager(s):
Nikhil Kabra, Darshil Dedhia
Benchmark:
NIFTY Low Duration Debt Index
Minimum investment:
₹ 100
Launch date:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.42 %
Exit load:
N/A

Scheme Objective: To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.


Performance (As on 19 Nov 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.15 % 2.02 %4.11 % 8.10 % 6.56 %6.57 % 7.82 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
7.93% Government Securities
Government Securities
6.51%
SOV
Punjab National Bank **
Certificate of Deposit
3.24%
CRISIL A1+
7.82% LIC Housing Finance Ltd. **
Corporate Debt
3.08%
CRISIL AAA
Small Industries Development Bank Of India. **
Certificate of Deposit
2.61%
CRISIL A1+
7.53% Government Securities
Government Securities
2.23%
SOV
Canara Bank **
Certificate of Deposit
1.77%
CRISIL A1+
8.9% Bharti Telecom Ltd. **
Corporate Debt
1.66%
CRISIL AA+
Punjab National Bank **
Certificate of Deposit
1.61%
CRISIL A1+
Net Current Assets
Cash & Cash Equivalents and Net Assets
1.59%
Cash
India Universal Trust AL1 **
PTC & Securitized Debt
1.57%
FITCH AAA(SO)

About this category

Low duration debt funds invest in debt instruments such as commercial paper, certificate of deposits, treasury bills and other money market instruments. They maintain an average portfolio maturity of around 1 year. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.

Suitability

These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.

Taxation
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