About ICICI Prudential Savings Fund Direct Plan -Dividend Fortnightly
ICICI Prudential Savings Fund Direct Plan -Dividend Fortnightly 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 ₹19,022.38 Crores and the latest NAV decalared is ₹101.593 as on 18 Oct 2019 at 10:30 pm.
ICICI Prudential Savings Fund Direct Plan -Dividend Fortnightly scheme return performance in last 1 year is 9.28%, in last 3 years is 25.46% and 68.88% 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.