3 Year return

7.04%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹6912.5 Cr.

Expense Ratio

0.77% (inclusive of GST)

Exit Load

If units purchased or switched in from another scheme of the fund are redeemed or switched out upto 10% of the units (the limit) within 1 year from the date of allotment - Nil. 1.00% - if units purchased or switched in from another Scheme of the Fund are redeemed or switched out within 1 year from the date of allotment. Nil - If units purchased or switched in from another Scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

Ratings

ARQ Rating
3

Ratings by other agencies

4
4
5

Tax Implications

Withdrawal within 3 years

Tax based on your income tax bracket

Withdrawal after 3 years

20% tax after indexation (adjusting for inflation)

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

MB

Manish Banthia

Fund Manager since Apr 2022

View Details

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 278
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Credit Risk Fund Direct Plan-Growth

The ICICI Prudential Credit Risk Fund Direct Plan-Growth is a unique Credit Risk mutual fund offering from the ICICI Prudential Mutual Fund family. While designed with an inclination towards preserving capital, its main objective is to generate income for its investors. The scheme comes with the added advantage of having no lock-in period, offering investors flexibility.

Investment Objective of the Scheme

The primary focus of ICICI Prudential Credit Risk Fund Direct Plan-Growth lies in income generation. It aims to achieve this by predominantly channelling its investments into corporate bonds rated AA and below. Yet, it remains committed to striking a balance between yield, safety, and liquidity. Potential investors should, however, be aware that like all mutual funds, the scheme's objectives are not backed by guarantees, and market risks are ever-present.

Key Features of The Fund

5-year return 8.25%
Expense Ratio 0.77%
Fund Manager Manish Banthia
Fund Size ₹6912.5 Cr
Risk Profile Moderately High

Is This Scheme Right for Me?

The ICICI Prudential Credit Risk Fund Direct Plan-Growth is specially tailored for high-risk appetite investors. It will suit those who are ready to endure the market's turbulence and have the resilience to face potential losses. A minimum holding period of 3 years is advisable to truly harness the potential of this fund. It's critical to note that this scheme is not a direct alternative to fixed deposits and should be treated as such. It is better suited for those with long-term portfolios, emphasising growth and income. However, talk to your financial advisor and do your own research before making a decision.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Plan Your Investments Efficiently

SIPs can help you invest with minimum contributions over a period of time. With Angel One's free SIP calculator online, you can set your end goal and determine the required contribution amount. Check how over time, with small contributions, you can build up enough to achieve your financial goals.

FAQs

What is today's NAV of ICICI Prudential Credit Risk Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Credit Risk Fund Jun 18 2024 is 31.7895

What is the AUM of ICICI Prudential Credit Risk Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Credit Risk Fund is 6912.5 crore.

What is the expense ratio of ICICI Prudential Credit Risk Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Credit Risk Fund is 0.77%

What are the returns of ICICI Prudential Credit Risk Fund since inception?

The ICICI Prudential Credit Risk Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 8.87 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Credit Risk Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Credit Risk Fund is 100.

How do I invest in ICICI Prudential Credit Risk Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Credit Risk Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Credit Risk Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Credit Risk Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.