ICICI Prudential Floating Interest Fund

The fund details shown here are of the Growth Plan option and belongs to the Debt, Floater Fund category.

The NAV for ICICI Prudential Floating Interest Fund Fund is 391.260 as of 19 Jun 2024. NAV or Net Asset Value, is a crucial metric in the context of mutual funds. It represents the per - unit market value of a mutual fund scheme. NAV is calculated by the fund house on every business day and is a key factor in determining the value of an investor's holdings in the mutual fund.

This fund has given 5.96% annualized return for the last 3 years.

At present ICICI Prudential Floating Interest Fund has not been rated by us.

  • 1M
  • 3M
  • 6M
  • 1YR
  • 3YR
  • 5YR
  • 10YR
  • Since Inception

Performance

Monthly SIP of      for

Below table shows comparison of ICICI Prudential Floating Interest Fund with respect to the investments in Fixed Deposit and Gold for the Total investment of 36,000 over the period of 3 years.

Total Value Gain Return %
Bank FD

39,824

3,824

6.5%
Gold

40,770

4,770

8.00%

Fund Information

  • As of 31 Jan 2024, fund size of ICICI Prudential Floating Interest Fund is 10,636.32 Cr.

  • ICICI Prudential Floating Interest Fund shown here is of Growth plan.

  • The Total Expense Ratio (TER) of the fund is 1.27%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.

  • ICICI Prudential Floating Interest Fund is an Debt oriented mutual fund in the - Floater Fund category.

  • Nifty 50 Arbitrage Index is the benchmark for ICICI Prudential Floating Interest Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.

  • The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on 17 Nov 2005 as at present it is 19 years old fund.

  • Name of the AMC is ICICI Prudential Mutual Fund. Click here to know more about ICICI Prudential Mutual Fund.

Fund Managed By

Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. ICICI Prudential Floating Interest Fund managed by following fund manager(s);

How does the Return Comparison of the ICICI Prudential Floating Interest Fund fare against peer funds in the Floater fund category?

Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by ICICI Prudential Floating Interest Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Floater fund category these peer funds belongs to.

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.66% 1.53% 6.24% 6.24% 7.99% 5.60% 5.73% 7.27% 7.64%
Category Average 0.47% 1.12% 5.26% 5.26% 6.91% 5.14% 5.28% 6.74% 7.25%
ICICI Prudential Floating Interest Fund 0.28% 0.79% 2.05% 4.03% - - - - - -
HDFC Floating Rate Debt Fund 0.21% 0.75% 2.07% 4.08% 7.95% 7.69% 6.08% 6.75% 7.45%
SBI Floating Rate Debt Fund 0.21% 0.80% 2.20% 4.21% - - - - -
Aditya Birla Sun Life Floating Rate Fund 0.17% 0.68% 1.99% 3.96% 7.58% 7.26% 5.99% 6.53% 7.44%
Aditya Birla Sun Life Floating Rate Fund 0.17% 0.68% 1.99% 3.96% 7.58% 7.26% 5.99% 6.53% 7.44%
DSP Floater Fund 0.34% 0.91% 2.18% 4.37% - - - - -

Fund Portfolio Details

Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of ICICI Prudential Floating Interest Fund are shown below;

Equity -

Debt 96.36%

Others 3.66%

Top Holdings

Name of the InstrumentHolding Percentage
GOVERNMENT OF INDIA 23277 GOI 22SP33 FLT FV RS 100 39.82%
GOVERNMENT OF INDIA 30703 GOI FRB 30AG34 FV RS 100 9.09%
GOVERNMENT OF INDIA 30814 GOI FRB 04OT28 FV RS 100 6.66%
GOVERNMENT OF INDIA 33298 GOI 14AG33 7.18 FV RS 100 3.67%
LIC HOUSING FINANCE LIMITED TR 427 7.8 LOA 22DC27 FVRS10LAC 3.42%
Others 37.34%

Allocation by Instruments

Type of the InstrumentHolding Percentage
GOVERNMENT SECURITIES 60.07%
DEBENTURE 18.58%
BOND 9.06%
COMMERCIAL PAPER 0.90%

Portfolio Holdings shown is as of 31 Jan 2024

Riskometer

Investors understand that their principal
will be at Low to Moderate risk