DebtLow Duration FundRegularGrowthLow to Moderate

ICICI Prudential Savings Fund

Q: What is the NAV of ICICI Prudential Savings Fund?

The last published NAV of ICICI Prudential Savings Fund was ₹220.01 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund charges an expense ratio of 1.72% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund is rated low to moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund is managed by Manish Banthia, Darshil Dedhia, Nikhil Kabra, Rahul Goswami, Akhil Kakkar and Roshan Chutkey at ICICI Prudential.

Q: How is ICICI Prudential Savings Fund taxed?

ICICI Prudential Savings Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

ICICI Prudential Mutual Fund · Best Low Duration Mutual Funds

NAV

₹220.01

as of 24 Apr 2020

This is the Regular plan of ICICI Prudential Savings Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

This scheme hasn’t published a NAV since 24 Apr 2020 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

NAV history

+7.11%CAGR

52-week rangePrev NAV ₹220.56

Latest ₹220.01

Low ₹205.3696th percentile of its 52-week rangeHigh ₹220.56

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Low Duration Fund peers to rank yet

Risk—

Volatility not available yet

CostHigh

1.7% expense vs 0.6% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

High expense ratio (1.72%) vs the Low Duration Fund average of 0.61%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.72%

Category 0.61%▲1.11%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 1.08

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

19 Mar 2009

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

—

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

—

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-1.66%

Benchmark ratios

Not shown for Low Duration Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.11L

Absolute

+18.50%

XIRR

+6.94%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Savings Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2020part	+1.55%
2019	+7.99%
2018	+6.48%
2017	+6.30%
2016	+8.24%
2015	+7.85%
2014	+8.53%
2013	+8.73%
2012	+8.89%
2011	+8.43%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.

History points

2,671

Expense ratio

1.72%

AUM

₹29,481Cr

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Low Duration Fund

Compare all


ICICI Prudential Savings FundThis fund ICICI Prudential · Retail · Growth	—	—	—	—	—	1.72%	₹29,481Cr
HSBC Ultra Short to Short Term Fund HSBC · Direct · Growth	★★★★★	+6.26%	+7.82%	—	—	0.40%	—
Kotak Ultra Short to Short Term Fund Kotak Mahindra · Direct · Growth	★★★★☆	+6.26%	+7.45%	+6.73%	—	0.41%	—
Nippon India Ultra Short to Short Term Fund Nippon India · Direct · Growth	★★★★☆	+6.34%	+7.44%	+6.75%	—	0.39%	—
Mirae Asset Ultra Short to Short Term Fund Mirae Asset · Direct · Growth	★★★☆☆	+6.31%	+7.43%	+6.64%	—	0.21%	—
Mahindra Manulife Ultra Short to Short Term Fund Mahindra Manulife · Direct · Growth	★★☆☆☆	+6.32%	+7.43%	+6.69%	—	0.34%	—

Fund size over time

Quarterly average AUM · AMFI

₹29,481Cr

April - June 2026

-12%

since January - March 2026

−₹3,904Cr

est. net flow, last quarter

Down +12% from its peak of ₹33,385Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

MBManish BanthiaStart date not disclosed

Role

Chief Investment Officer - Fixed Income

Education

Chartered Accountant, MBA and B.Com

Experience

Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.

Funds managed (24)

All schemes Manish Banthia runs →

DDDarshil DedhiaStart date not disclosed

Role

Fund Manager – Fixed Income

Education

Chartered Accountant, Chartered Financial Analyst (CFA) and B.Com

Experience

He started his career with ICICI Prudential Asset in January 2013 and has experience of over 12 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Investments – Mutual Fund Debt – August 9, 2018 till date. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – February 9, 2016 till August 8, 2018. ~ ICICI Prudential Asset Management Company Limited – Investments – Fixed Income – May 25, 2015 to Feb 8, 2016. ~ ICICI Prudential Asset Management Company Limited – Fund Accounting – January 22, 2013 to May 24, 2015.

Funds managed (23)

All schemes Darshil Dedhia runs →

NKNikhil KabraStart date not disclosed

Role

Fund Manager – Fixed Income

Total experience

Over 11 years

Education

Chartered Accountant, B.Com and Chartered Financial Analyst (CFA)

Experience

Mr. Nikhil Kabra is associated with ICICI Prudential Asset Management Company Limited since September 2013. Past Experience: ~ Sumedha Fiscal Services Limited from ICICI Prudential Money Market Fund October 2012 to September 2013. ~ Haribhakti & Co. from September 2010 to October 2012

Funds managed (10)

All schemes Nikhil Kabra runs →

RGRahul GoswamiStart date not disclosed

Education

BSC (Mathematics), MBA (Finance)

Funds managed (8)

All schemes Rahul Goswami runs →

AKAkhil KakkarStart date not disclosed

Role

Senior Fund Manager – Fixed Income

Education

PGDM (Finance) and B. Tech (Electrical)

Experience

Mr. Akhil joined ICICI Prudential Asset Management Company Limited in September 2015. He has around 18 years of experience. Past Experience: ~ Kotak Mahindra Bank Vice President, Debt Capital Markets - February 2010 to September 2015. ~ SBI Capital Markets Associate, Project Advisory ICICI Prudential Credit Risk Fund & Structured Finance - May 2009 to February 2010. ~Goldman Sachs Services Pvt Ltd - Analyst Developer - June 2005 to June 2007.

Funds managed (6)

All schemes Akhil Kakkar runs →

RCRoshan ChutkeyStart date not disclosed

Role

Senior Fund Manager – MF Equity

Education

B.Tech (IIT Madras), MBA (IIM Lucknow), Masters in Finance (London Business School) and Chartered Financial Analyst (CFA) Charter holder

Experience

Mr. Roshan Chutkey has joined ICICI Prudential Asset Management Company Limited in February 2015. He has around 18 years of total experience. Past Experience: ~ Estee Advisors – Research – Indian F&O Universe - May, 2013 to January 2014. ~ Kuwait Financial Centre - Macroeconomic research, Fund of funds management - March 2008 to July, 2011. ~ Citibank - Risk Management, Cards business - May 2006 to February 2008. ~ JP Morgan Chase - Equity Research - January 2005 to May 2006.

Funds managed (4)

All schemes Roshan Chutkey runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Manish Banthia Darshil Dedhia Nikhil Kabra Rahul Goswami Akhil Kakkar Roshan Chutkey

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Low Duration funds

Low duration funds run a Macaulay duration of 6 to 12 months. They sit between ultra short and short duration funds, aimed at money with a horizon of about a year.

Frequently asked questions

What is the NAV of ICICI Prudential Savings Fund?

The last published NAV of ICICI Prudential Savings Fund was ₹220.01 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund charges an expense ratio of 1.72% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund is rated low to moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages ICICI Prudential Savings Fund?

ICICI Prudential Savings Fund is managed by Manish Banthia, Darshil Dedhia, Nikhil Kabra, Rahul Goswami, Akhil Kakkar and Roshan Chutkey at ICICI Prudential.

How is ICICI Prudential Savings Fund taxed?

ICICI Prudential Savings Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.