3 Year return

6.08%
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

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹18176.12 Cr.

Expense Ratio

0.4% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
4.5

Ratings by other agencies

2
5
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

RG

Rahul Goswami

Fund Manager since Sep 2012

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 296
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 Savings Fund Direct Plan-Growth

The ICICI Prudential Savings Fund Direct Plan-Growth is a Low Duration mutual fund offered by the ICICI Prudential Mutual Fund. Characterised as an open-ended low-duration debt scheme, its portfolio is curated to ensure a Macaulay duration between 6 months and 12 months. This fund is tailored to prioritise capital preservation, acting as a safeguard for your investments against the unpredictable tides of the financial markets. There is no lock-in period on this fund.

Investment Objective of the Scheme

The primary pursuit of the ICICI Prudential Savings Fund Direct Plan-Growth is to facilitate income generation. This is realised through a diverse mix of investments spanning both debt and money market instruments. While the fund's strategy is firmly set on maximising yield, it doesn't compromise on the fundamentals of safety and liquidity. However, potential investors should be mindful of the inherent market risks associated with mutual funds, and there's no definitive assurance of the scheme meeting its objectives.

Key Features of The Fund

5-year return 6.72%
Expense Ratio 0.4%
Fund Manager Rahul Goswami
Fund Size ₹18176.12 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

ICICI Prudential Savings Fund Direct Plan-Growth caters specifically to those with a short to medium-term investment outlook, ranging from 6 months to 3 years. It's an excellent fit for investors seeking a viable alternative to traditional bank deposits, presenting a balance of growth potential and security. Always ensure to align your investment decisions with your risk tolerance and financial goals. 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.

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FAQs

What is today's NAV of ICICI Prudential Savings 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 Savings Fund May 22 2024 is 505.1089

What is the AUM of ICICI Prudential Savings 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 Savings Fund is 18176.12 crore.

What is the expense ratio of ICICI Prudential Savings 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 Savings Fund is 0.4%

What are the returns of ICICI Prudential Savings Fund since inception?

The ICICI Prudential Savings Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 7.81 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Savings 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 Savings Fund is 100.

How do I invest in ICICI Prudential Savings 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 Savings 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 Savings 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 Savings 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.