ICICI Pru Savings Fund(G)

View the direct plan of this scheme

Rs 493.236   0.4558(0.093 %) NAV as on 28 Mar 2024
Prime Rating: 3 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 17,854.7
Fund category:
Low Duration
Fund manager(s):
Rohan Maru, Darshil Dedhia
Benchmark:
NIFTY Low Duration Debt Index
Minimum investment:
₹ 100
Launch date:
27 Sep 2002
Min. additional investment:
₹ 100
Expense ratio:
0.53 %
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 28 Mar 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.14 % 1.96 %3.54 % 7.96 % 5.79 %6.60 % 7.70 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
8.25% Government Securities
Government Securities
10.05%
Sov
7.69% Government Securities
Government Securities
5.81%
Sov
State Bank Of India
Certificate of Deposit
4.13%
FITCH A1+
7.82% LIC Housing Finance Ltd. **
Corporate Debt
3.64%
CRISIL AAA
7.18% Government Securities
Government Securities
3.36%
Sov
TREPS
Cash & Cash Equivalents and Net Assets
3.13%
Cash
8.9508% Pipeline Infrastructure Pvt Ltd. **
Corporate Debt
2.7%
CRISIL AAA
8.1% Government Securities
Government Securities
2.59%
Sov
Small Industries Development Bank Of India. **
Certificate of Deposit
2.34%
CRISIL A1+
Axis Bank Ltd. **
Certificate of Deposit
2.15%
CRISIL A1+

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

For investments made before April 1st, 2023

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individuals slab rate


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.

For investments made on and after April 1st, 2023

All capital gains are treated as short-term capital gains irrespective of holding period and will be taxed at individuals slab rate.

How are mutual fundstaxed

How are mutual funds taxed?

Login to your account
OR

Become a PrimeInvestor!

Get access to fresh stocks and mutual funds recommendations.

or