About ICICI Prudential Savings Fund Direct Plan - Dividend Fortnightly Payout
ICICI Prudential Savings Fund Direct Plan - Dividend Fortnightly Payout is a Debt
mutual fund scheme from ICICI Prudential Mutual Fund
. This scheme was launched on 30 Apr 2013 and is currently managed by its fund managers Rahul Goswami
and Rohan Maru
. It has an AUM of ₹17,338.61 Crores and the latest NAV decalared is ₹102.358 as on 29 May 2020 at 7:47 pm.
ICICI Prudential Savings Fund Direct Plan - Dividend Fortnightly Payout scheme return performance in last 1 year is 8.59%, in last 3 years is 25.72% and 77.11% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximising income while maintaining the optimum balance of yield, safety and liquidity.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.