ICICI Prudential Regular Savings Fund - Consistent Income Solution
ICICI Prudential Mutual Fund has made its name as a renowned fund house in market of the mutual funds . There are a number of schemes that it has launched for investors to help them earn on their otherwise idle money. One of these many schemes is ICICI Prudential Regular Savings fund which was launched on March 30th, 2004 as ICICI Prudential MIP 25 Fund.
Investment Objective of ICICI Prudential Regular Savings Fund
The investment objective of this conservative hybrid Credit Risk mutual fund scheme is to help investors earn regular income by investing mainly in the debt and money market instruments. It also invests in the equity and equity related instruments to help the investors earn long-term capital appreciation.
ICICI Prudential Regular Savings Fund G : Portfolio Analysis
- The assets under management as on September 30th, 2018 was Rs. 1584 crore out of which 86.87% has been invested in debt instruments, 10.04% in equity and equity related instruments, and 3.09% in cash and cash equivalents.
- The top five companies in whose debt it has invested majorly are 2% Tata Steel 2022, 9.5% Nayara Energy 2021, 7.93% LIC Housing Fin. 2019, 8.55% Talwandi Sabo Power 2021, and SREI Equipment Finance 2018 with the percentage investment made in them being 6.54, 6.27, 6.24, 6.14, and 5.61, respectively.
- The top five companies in whose equity the assets of the scheme have been invested majorly are Motherson Sumi Systems, HDFC Bank, PVR, Maruti Suzuki India, and TVS Motor Co. with the percentage of investment made in them being 1.52, 1.29, 1.05, 0.83, and 0.80, respectively.
ICICI Prudential Regular Savings Fund Growth : Risk Analysis
It is really important that the risk of the scheme is managed well as it may affect its performance. The standard deviation of this scheme is 4.67 while that of the benchmark VR MIP TRI is 4.57 and the category is 4.70, respectively. The Beta of the scheme is 0.93 and that of the category is 0.85. Both these factors indicate that it is prone to fluctuations from time to time. The Sharpe ratio of the scheme is 0.43 which is more than the ratio of its benchmark and category which are 0.33 and 0.06, respectively. This ratio indicates that the scheme is likely to generate better returns with the risk taken as compared to the other two. These risk measures are as on September 30th, 2018 and have been calculated utilizing the last three years’ calendar month returns.
ICICI Prudential Regular Savings Fund’s Performance
It is seen that the one year return of this scheme is 2.45% which is better than the return generated by its benchmark and category. The three year return rate of this scheme is 8.36% while that of the benchmark and category is 7.19% and 6.57%. The five year and seven year return yielded by this scheme are 11.14% and 10.46% which are again better than the other two. These rate of returns are as on October 30th, 2018.
How to Invest and the Investment Details
The minimum investment amount with which an investor may invest in this mutual fund scheme is Rs. 5000 for the first time investor. The existing investor may start his investment in this scheme with Rs. 500. There is no entry load which an investor needs to pay, however if an investor redeems more than 10% of the units within one year of investment, then he will be liable to pay 1% of the applicable NAV as exit load. The net asset value of this scheme is Rs. 40.0948 as on October 30th, 2018.
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