DebtFloating Interest Rates FundDirectIDCWModerate

ICICI Prudential Floating Interest Rates Fund

Q: What is the NAV of ICICI Prudential Floating Interest Rates Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Floating Interest Rates Fund is ₹214.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Floating Interest Rates Fund delivered?

ICICI Prudential Floating Interest Rates Fund has returned +6.44% over 1 year, +7.69% per year over 3 years, +6.15% per year over 5 years and +6.32% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund charges an expense ratio of 0.29% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund's largest holdings are NABARD (4.2%), Government Securities (4.0%), Citicorp Finance (India) Ltd. (2.9%), Tata Capital Financial Services Ltd. (2.7%) and Rural Electrification Corporation Ltd. (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -9.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Floating Interest Rates Fund's 1.55 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is managed by Darshil Dedhia and Ritesh Lunawat at ICICI Prudential.

Q: How is ICICI Prudential Floating Interest Rates Fund taxed?

ICICI Prudential Floating Interest Rates 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

NAV

₹214.72

-0.04% 1D

as of 01 Oct 2026

This is the Direct plan of ICICI Prudential Floating Interest Rates Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+6.49%CAGR

52-week rangePrev NAV ₹214.81

Latest ₹214.72

Low ₹201.7298th percentile of its 52-week rangeHigh ₹215.03

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 — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Floating Interest Rates Fund peers to rank yet

Risk—

Volatility 0.8% (no category average yet)

Cost—

0.3% expense (no category average yet)

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

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.29%

Category —

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

—

Category —

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

1.55

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

NIL The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations. The AMC shall not charge entry and/or exit load on units allotted on reinvestment of IDCW

None

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY Short Duration Debt Index A-II

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 Jan 2016

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.18%

Absolute return over the last 3 months (not annualized)

+0.87%

Absolute return over the last 6 months (not annualized)

+3.21%

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

+4.45%

Annualized returns (≥1Y — CAGR)

Definitions

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

+6.44%

3-year annualized return (CAGR)

+7.69%

5-year annualized return (CAGR)

+6.15%

10-year annualized return (CAGR)

+6.07%

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.

+6.32%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.77%

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

1.55

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

2.48

Largest peak-to-trough decline over full history

-9.74%

Benchmark ratios

Not shown for Floating Interest Rates 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.

Fund vs category average (Floating Interest Rates Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.18%	—	—
3M abs	+0.87%	—	—
6M abs	+3.21%	—	—
1Y CAGR	+6.44%	—	—
3Y CAGR	+7.69%	—	—
5Y CAGR	+6.15%	—	—

Category average across peers in Floating Interest Rates Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

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

₹7.20L

Absolute

+20.02%

XIRR

+7.47%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Floating Interest Rates 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
2026part	+4.45%
2025	+8.41%
2024	+8.68%
2023	+8.46%
2022	+0.86%
2021	-5.50%
2020	+10.28%
2019	+9.63%
2018	+7.41%
2017	+7.17%

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

2,471

Expense ratio

0.29%

YTM (from holdings)

7.60%

Average maturity

2.54 years

Exit load

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 · Floating Interest Rates Fund

Compare all


ICICI Prudential Floating Interest Rates FundThis fund ICICI Prudential · Direct · Others · IDCW	—	+6.44%	+7.69%	+6.15%	—	—	—
Axis Floating Interest Rates Fund Axis · Direct · Annual IDCW	—	+6.08%	+7.68%	+6.56%	—	0.22%	—
Kotak Floating Interest Rates Fund Kotak Mahindra · Direct · Standard · IDCW	—	+5.69%	+7.66%	+6.69%	—	—	—
DSP Floating Interest Rates Fund DSP · Direct · IDCW	—	+5.23%	+7.63%	+6.63%	—	0.28%	—
SBI Floating Interest Rates Fund SBI · Direct · IDCW	—	+6.05%	+7.40%	+6.68%	—	0.28%	—
SBI Floating Interest Rates Fund SBI · Direct · IDCW	—	+6.05%	+7.40%	+6.68%	—	0.28%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt95.02%
Cash & Equivalents4.59%
Other0.39%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

NABARD

4.16%

Citicorp Finance (India) Ltd.

2.86%

Tata Capital Financial Services Ltd.

2.74%

Rural Electrification Corporation Ltd.

2.46%

Power Finance Corporation Ltd.

2.46%

Rural Electrification Corporation Ltd.

2.20%

LIC Housing Finance Ltd.

2.19%

Bajaj Finance Ltd.

2.17%

Small Industries Development Bank Of India.

2.07%

Siddhivinayak Securitisation Trust

1.90%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-9.7%04 Mar 2021 → 28 Jun 2022
Fell over 16 months, back to the old high on 17 Aug 2023 — 14 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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

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 →

RLRitesh LunawatStart 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. Ritesh Lunawat is associated with ICICI Prudential Asset Management Company Limited from September 27, 2013. He started his career with ICICI Prudential Asset Management Company Limited and is currently a Fund Manager.

Funds managed (9)

All schemes Ritesh Lunawat 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

Darshil Dedhia Ritesh Lunawat

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.

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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 Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of ICICI Prudential Floating Interest Rates Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Floating Interest Rates Fund is ₹214.72 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Floating Interest Rates Fund delivered?

ICICI Prudential Floating Interest Rates Fund has returned +6.44% over 1 year, +7.69% per year over 3 years, +6.15% per year over 5 years and +6.32% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund charges an expense ratio of 0.29% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund's largest holdings are NABARD (4.2%), Government Securities (4.0%), Citicorp Finance (India) Ltd. (2.9%), Tata Capital Financial Services Ltd. (2.7%) and Rural Electrification Corporation Ltd. (2.5%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.8% and its worst peak-to-trough fall in our sample was -9.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 1.55 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Floating Interest Rates Fund's 1.55 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Floating Interest Rates Fund?

ICICI Prudential Floating Interest Rates Fund is managed by Darshil Dedhia and Ritesh Lunawat at ICICI Prudential.

How is ICICI Prudential Floating Interest Rates Fund taxed?

ICICI Prudential Floating Interest Rates 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.