ICICI Prudential Short Term Debt Fund

ICICI Prudential Short Term Debt Fund is an open-ended short duration debt fund scheme that invests primarily in debt securities maturing over a tenure of 1-3 years. The fund generates higher returns than bank fixed deposits. The fund portfolio includes 34.67% investment in sovereign GOI bonds, 37.45% in AAA-rated debt securities, and 14.74% in top-rated debt securities.

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ICICI Prudential short term debt fund is available in four plan categories:

  • Growth - Regular
  • IDCW as and when - Regular
  • Growth - Direct
  • IDCW as and when - Direct

Investment Facts

Parameter

Details

Fund Name 

ICICI Prudential Short Term Debt Fund

Fund House

ICICI Prudential Mutual Fund

Launch Date 

25-Oct-2001

Benchmark

CRISIL Short-Term Bond TRI

Type

Open-Ended

Minimum Investment 

Rs. 5,000

Minimum Additional Investment: Rs.1,000

Minimum SIP Investment: Rs.1,000

Lock-in Period

Not applicable

Entry Load

Nil

Exit Load

Nil

Return Performance

Above Average

Fund Consistency

Moderate

Risk Level

Below Average

Investment Objective

ICICI Prudential short term debt fund aims to generate steady income from debt securities. It consists of government securities, market instruments, treasury bills, and corporate bonds with a targeted duration between one year and three years.

Fund Summary

  1. ICICI Prudential Short Term Debt Fund Regular Plan-Growth

    • Risk level-Moderate
    • NAV-Rs. 46.519 (as of 08.07.2021)
    • Expense Ratio-1.15% (as on 31.05.2021)
    • Fund Started-25.10.2001
  2. ICICI Prudential Short Term Debt Fund Regular Plan IDCW

    • Risk level-Moderate
    • NAV-Rs. 12.0697 as of 08.07.2021 (Monthly)
    • NAV-Rs. 12.2457 as of 08.07.2021 (Fortnightly)
    • NAV-Rs. 13.3845 as of 08.07.2021 (Half Yearly)
    • Expense Ratio-1.15% (as on 31.05.2021)
    • Fund Started-25.10.2001
  3. ICICI Prudential Short Term Debt Fund Direct Plan-Growth

    • Risk level-Moderate
    • NAV-Rs.49.428 as of 08.07.2021
    • Expense Ratio-0.39% (as on 31.05.2021)
    • Fund Started-01.01.2013
  4. ICICI Prudential Short Term Debt Fund Direct Plan IDCW 

    • Risk level-Moderate
    • NAV-Rs. 12.6872 as of 08.07.2021 (Monthly)
    • NAV-Rs. 12.8371 as of 08.07.2021 (Fortnightly)
    • NAV-Rs. 13.6411 as of 08.07.2021 (Half Yearly)
    • Expense Ratio-0.39% (as on 31.05.2021)
    • Fund Started-01.01.2013

Fund Manager

  • Mr Manish Banthia (since January 2013)
  • Mr Nikhil Kabra (since December 2020)

Fund Returns Summary

  1. ICICI Prudential Short Term Fund Regular Plan-Growth

    Period

    Returns Per Year (Annualized)

    6 Months

    1.63%

    1 year

    5.33%

    2 years

    8.35%

    3 years

    8.54%

    5 years

    7.88%

    10 years

    8.56%

    Since Inception

    8.11%

  2. ICICI Prudential Short Term Fund Regular Plan IDCW (Annualized)

    Period

    Monthly

    Fortnightly

    Half Yearly

    6 Month

    1.62%

    1.62%

    1.57%

    1 Year

    5.28%

    5.30%

    4.69%

    2 Year

    7.20%

    7.31%

    6.90%

    3 Year

    6.67%

    7.02%

    7.07%

    5 Year

    5.81%

    6.01%

    7.00%

    10 Year

    6.63%

    6.71%

    7.45%

    Since Inception

    6.79%

    6.70%

    1.57%

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
  3. ICICI Prudential Short Term Fund Direct Plan-Growth

    Period

    Returns Per Year (Annualized)

    6 Months

    2.01%

    1 year

    6.13%

    2 years

    9.17%

    3 years

    9.37%

    5 years

    8.74%

    Since Inception

    9.15%

  4. ICICI Prudential Short Term Fund Direct Plan IDCW (Annualized)

    Period

    Monthly

    Fortnightly

    Half Yearly

    6 Month

    2.01%

    2.01%

    1.94%

    1 Year

    6.08%

    6.10%

    5.41%

    2 Year

    8.01%

    8.12%

    7.56%

    3 Year

    7.50%

    7.83%

    7.49%

    5 Year

    6.63%

    6.80%

    7.49%

    Since Inception

    7.04%

    7.11%

    8.18%

Summative Pros and Cons 

Pros

Cons

The fund has outperformed the Benchmark: CRISIL Short-Term Bond TRI over 2 years out of the last 3 years.

The fund has not performed better than the benchmark in the 3 years.

Unlike a fixed deposit, the investor gets an indexation benefit for computing income tax if units are held for more than 3 years.

Unlike a fixed deposit, there is no assured interest or principal repayment. 

Benefits of ICICI Prudential Short Term Debt Fund

Investment in ICICI Prudential short term debt fund provides the following benefits to the investors:

  • Achieving Short-Term Goals: A short-term debt fund is a potent tool for investing to meet short-term financial goals. Due to the low average maturity period of underlying securities, the funds are resistant to price volatility due to adverse interest rate movements to a significant extent.
  • Steady Returns: The fund portfolio comprises debt securities that offer an assured rate of return along with scheduled principal repayments. These securities are not impacted by interest rate fluctuations if held till maturity.

Fund House Details

ICICI Corporate Bond Fund is part of the Fund House, ICICI Prudential Mutual Fund - a Trust. SEBI registered, ICICI Prudential Asset Management Company Limited (AMC) is the investment manager of all the schemes under ICICI Prudential Mutual Fund. The fund has a diversified product basket of over 68 schemes with active investors exceeding 60 lakhs across 300 locations in India. 

The promoter shareholders of the Fund House are:

  • ICICI Bank: 51% holdings
  • Prudential Plc: 49% holdings

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Who Should Invest in ICICI Prudential Short Term Debt Fund?

ICICI Prudential short term debt fund is suited for investors with an investment horizon of 1 to 3 years. One may expect to earn returns more than a bank fixed deposit in a rising interest rate scenario. A short-term rise in interest rate may temporarily impact the returns generated by a short-term debt fund.

In Conclusion

Considering the benefits of steady returns and smaller duration of the portfolio, ICICI Prudential short term debt fund is an ideal substitute to bank fixed deposits for investors looking for steady returns over a 1 to 3 year period.

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