DEBT FUNDS
Corporate Bond Fund - Debt Funds - ICICI Prudential

ICICI Prudential Corporate Bond Fund

ICICI Prudential Corporate Bond Fund, an open-ended debt fund, which invests in corporate bonds of 3 to 7 years tenure.
The scheme focuses on accrual income by investing into medium to long term corporate papers available at a spread over market yields. The fund aims to cater to retail investors with emphasis on higher carry (interest income) with due emphasis on credit quality and liquidity. The ideal investment horizon of this fund is around 3 years.

Investment Philosophy

The fund seeks to invest in securities that offer superior levels of yield at lower levels of risks. In the long term, the fund will aim to generate returns in the form of accrual income (or interest income). Although active trading will not be a part of the overall investment strategy, the portfolio duration is expected to be in the range of 3 – 4 years and average maturity of around 5 years depending on the shape of the yield curve. To achieve the investment strategy, the fund would invest in debt securities issued by corporate including PSU, Financial Institutions and NBFCs, It would maintain a balanced exposure to securities across credits i.e., with long term rating between AAA to AA.

Key Benefits

  • Aims to provide opportunity to invest in the steadily developing corporate bond segment in India which is likely to offer attractive risk / reward prospects.
  • Endeavour to provide diversification, active credit risk management and liquidity.
  • A corporate bond portfolio aimed at low turnover and volatility.
  • Due emphasis on credit quality.

This product is suitable for investors who are seeking* :

  • Long term savings solution
  • A debt fund that invests in debt and money market instruments of various maturities with a view to maximise income while maintaining optimum balance of yield, safety and liquidity.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Income Fund (Corporate Bond Fund)

Plan

Regular & Direct

Options

Default Option

Option: Plan A, Sub Option : Cumulative, Divdend: Automatic Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Plans A, B & C : Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

1% - If the amount, sought to be redeemed or switched out is invested for a period of upto 1 Year from the date of allotment,
NIL - If the amount, sought to be redeemed or switched out is invested for a period of more than 1 Year from the date of allotment(w.e.f. June 03, 2015)

Redemption Cheques Issued

-

Minimum Redemption Amt.

Rs.5,000/- and in multiples thereof; provided that minimum balance under a particular folio should not fall below the minimum Application Amount for fresh Subscription. This will not be applicable for closing the account.

Systematic Investment Plan

Available

Systematic Withdrawal Plan

Not Available



Fund Manager

Rahul Bhuskute

mailID