ICICI Pru Credit Risk Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 32.781   0.0075(0.023 %) NAV as on 04 Oct 2024
Prime Rating: 4 
Prime Recommendation: Upgrade to see

Fund type:
Debt
AUM (in crores):
₹ 6,468.43
Fund category:
Credit Risk Fund
Fund manager(s):
Manish Banthia, Akhil Kakkar
Benchmark:
CRISIL Credit Risk Debt Index
Minimum investment:
₹ 100
Launch date:
02 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.77 %
Exit load:
Nil upto 10% of units and 1% on remaining units on or before 1Y, Nil after 1Y

Scheme Objective: To generate income through investing predominantly in AA and below rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity.


Performance (As on 04 Oct 2024)

>
1 week returns3 month returns6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme0.22 % 2.81 %4.76 % 9.73 % 7.46 %8.31 % 8.92 %

Portfolio

Top 10 instruments
Type
Allocation (%)
Rating
EMBASSY OFFICE PARKS REIT
REITs & InvITs
4.68%
REITs & InvITs
Varroc Engineering Ltd. **
Corporate Debt
3.83%
FITCH AA-
Government Securities
Government Securities
3.77%
Sov
TREPS
Cash & Cash Equivalents and Net Assets
3.56%
Cash
Millennia Realtors Pvt Ltd **
Corporate Debt
3.25%
ICRA A+
Government Securities
Government Securities
2.88%
Sov
Aadhar Housing Financeu00a0Ltd. **
Corporate Debt
2.71%
ICRA AA
Net Current Assets
Cash & Cash Equivalents and Net Assets
2.46%
Cash
HDFC Bank Ltd. **
Certificate of Deposit
2.4%
CRISIL A1+
Government Securities
Government Securities
2.37%
Sov

About this category

Credit risk debt funds invest at least 65% of their portfolio in debt instruments rated below AA+. As such instruments carry higher coupons, returns from these funds are generally higher than other debt categories. These funds, however, carry very high risk. While returns may not be volatile, as low-rated instruments are seldom traded, the risk comes from write-offs due to downgrades in the debt papers or defaults in repayment. Average maturities for these funds may be short at around 2 years but may go higher. Even so, these funds need to be held only with a long horizon as this gives a buffer in the event losses due to downgrades and defaults.

Suitability

These funds suit high-risk investors with at least a 3-year holding period. Investors need to be able absorb shocks of losses. They are not alternatives for fixed deposits and fit only long-term portfolios.

Taxation
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