3 Year return
7.18%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹8674.64 Cr.
Expense Ratio
0.56% (inclusive of GST)
Exit Load
Nil - W.E.F.(May 19, 2012) no exit load shall be charged under the Scheme for all redemptions/switch outs.
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
ICICI Prudential Mutual Fund Managers
RG
Rahul Goswami
Fund Manager since Mar 2019
Fund House Details
ICICI Prudential Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Kotak Floating Rate Fund |
6.61% |
3 |
Nippon India Floating Rate Fund |
6.61% |
2.5 |
HDFC Floating Rate Debt Fund |
6.95% |
4 |
Schemes by ICICI Prudential Mutual Fund
List of mutual fund schemes by AMC
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Growth
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan IDCW Payout
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan IDCW Reinvestment
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Annual IDCW Payout
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Annual IDCW Reinvestment
About ICICI Prudential Floating Interest Fund Direct Plan-Growth
The ICICI Prudential Floating Interest Fund Direct Plan-Growth is a specialised Floater mutual fund, managed by the reputed ICICI Prudential Mutual Fund. Structured as an open-ended low-duration debt scheme, its investments are strategically chosen to maintain a Macaulay duration ranging from 6 months to 12 months. Preserving capital, this fund offers investors a shield against volatile market fluctuations. This fund offers flexibility with no binding lock-in period.
Investment Objective of the Scheme
At the heart of the ICICI Prudential Floating Interest Fund, Direct Plan-Growth's strategy is its goal to generate consistent income. This is primarily achieved through investments in floating-rate instruments. The scheme, while pursuing yield, doesn't sideline the imperative of ensuring safety and liquidity. However, potential investors should be cognizant of the fact that, like all mutual funds, the scheme's objectives are subject to market risks and there is no absolute guarantee of achieving the set objectives.
Key Features of The Fund
5-year return | 7.36% |
Expense Ratio | 0.56% |
Fund Manager | Rahul Goswami |
Fund Size | ₹8674.64 Cr |
Risk Profile | Moderately Low |
Is This Scheme Right for Me?
The fund is tailored for those who have a medium-term investment horizon, spanning from 1.5 to 3 years or longer. Ideally suited for individuals who are inclined towards less volatile assets, the fund stands as an intermediary choice between high-risk equity funds and ultra-safe fixed deposits. If you are someone who wishes to see your wealth grow over a longer duration and yet prioritise safety, this fund might align with your financial goals. 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 |
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.
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FAQs
What is today's NAV of ICICI Prudential Floating Interest Fund?
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What are the returns of ICICI Prudential Floating Interest Fund since inception?
What is the minimum SIP amount to invest in ICICI Prudential Floating Interest Fund?
How do I invest in ICICI Prudential Floating Interest Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in ICICI Prudential Floating Interest Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in ICICI Prudential Floating Interest Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in ICICI Prudential Floating Interest Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.