This ICICI Savings Fund Is Rated 5 Stars By Value Research, Should You Invest?

Income funds invest in high dividend-paying equities, government securities, corporate bonds, certificates of deposit, money market instruments, and debentures are designed to provide consistent income for investors. Smart savers need to consider carefully utilizing equity-based mutual funds as a source of consistent income. Here, we have highlighted a regular saving fund from ICICI, the fund has been given 5 stars by the Value research.

ICICI Prudential Regular Savings Fund - Direct Plan

NAV	Fund Size	Expense Ratio
₹59.48	₹ 3374.83 Cr	0.95%

NAV as on 08 February 2022

It is a Conservative Hybrid mutual fund scheme from ICICI Prudential Mutual Fund, launched on 01 January 2013. Fund has Rs 3,376 Crores worth of AUM as of 31 December 2021. The fund has an expense ratio of 0.95%, which is higher than its category average of 0.91, which is what most other Conservative Hybrid funds charge. It has given 9.69% returns in the last 1 year, and since its launch, it has delivered 10.98% average annual returns. The ability of the Fund's Direct-Growth plan to provide consistent returns is comparable to that of the majority of funds in its category. It has an above-average ability to manage losses in a declining market. On risk meter, it is a highly risky fund for investment.

 

Returns Over The Years

Lumpsum Returns

Returns on the investment of Rs 10,000

Period Invested	Absolute Returns	Annualised Returns	Category Avg
1 Year	9.68%	9.69%	9.13%
2 Year	22.56%	10.67%	9.76%
3 Year	36.81%	11.00%	9.44%
5 Year	61.15%	10.01%	7.92%
Since Inception	158.33%	10.99%	9.14%

SIP Returns

Returns on SIP of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	4.80%	8.94%
2 Year	12.59%	11.80%
3 Year	18.59%	11.35%
5 Year	29.85%	10.37%

Portfolio

The fund has a 22.99% stake in Indian stocks, with 19.585 invested in large-cap equities, 1.42% in mid-cap stocks, and 1.07% in small-cap companies. The fund has 63.47% investment in Debt of which 10.2% is in Government securities, 47.84% in funds invested in very low-risk securities. The fund's equity portion is primarily invested in the Financial, Communication, Construction, Energy, Healthcare sectors. It has taken less exposure in the Financial, Communication sectors compared to other funds in the category. The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.

Fund's top 5 holdings are:

1. Government of India
2. Bharti Airtel Ltd.
3. Vedanta Ltd.
4. Larsen & Toubro Ltd.
5. Tata Motor Finance Ltd.

 

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from Value Research. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.