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Floating Interest Fund | Debt Mutual Fund Schemes - ICICI Prudential Mutual Fund

ICICI Prudential Floating Interest Fund

Short term deployment of surplus funds with potential of earning accrual returns from a fund with allocation to good credits.

There are many factors that determine the rate of interest of securities, and constant changes in these underlying fundamentals, cause fluctuations in the interest rates, which has a direct impact on the value of our portfolio. An increase in rates reduces the value of our holdings and vice-versa.

If interest rates on instruments in the portfolio were to keep getting reset according to the prevailing market rates, then, we may be able to focus on the interest income without worrying too much about its impact on the portfolio.

ICICI Prudential Floating Rate Plan, an open-ended income fund, focuses primarily on dynamic interest rates, and takes rapid action when necessary to minimize the impact of these fluctuations on your portfolio.

Schemes - ICICI Prudential Floating Interest Fund

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

To generate income through investing predominantly in floating rate instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Key Features

Key Benefits

  • A portfolio focuses on accrual income, which is derived from floating rate instruments.
  • Reduced interest rate risk of longer term instruments.

Who should invest?

  • Short term savings
  • An open ended debt scheme predominantly investing in floating rate instruments
Scheme Features
Type An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives).
Underlying
ISIN
NSE Symbol & BSE Scrip ID
BSE Scrip Code
Pricing
Application size - Directly with AMC
Application size through NSE & BSE
Entry Load Not Applicable
Exit Load Nil
Authorized Participant

Fund Manager

Rahul Goswami and Nikhil Kabra

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