ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S
This is the Direct plan of ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★★☆4/5 vs 35 of 36 Income peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Income (same plan and option). 35 of the 36 Income funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.37% · ranks 23 of 36 Income funds
Volatility 0.6% vs 0.9% category avg
0.1% expense vs 0.1% category avg
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
- Less volatile than its Income peers (0.6% vs 0.9%)
- Low expense ratio (0.10%) vs the Income average of 0.13%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Income — 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 (Income)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.50% | +0.46% | +0.04% |
| 3M abs | +1.44% | +1.92% | -0.48% |
| 6M abs | +2.77% | +2.90% | -0.13% |
| 1Y CAGR | +5.97% | +6.03% | -0.06% |
| 3Y CAGR | +7.37% | +7.56% | -0.19% |
| 5Y CAGR | — | +6.63% | — |
Category average across peers in Income (34 of 36 carry a figure for at least one period), 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.
Category rank
Vs 36 peers in Income
Rolling returns
Return for every possible 1Y holding period, not just today’s
30 overlapping 1Y windows, sampled monthly across the fund’s history.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S, 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 | +3.59% | |
| 2025 | +7.69% | |
| 2024 | +8.19% | |
| 2023part | +6.03% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹68.30Cr in April - June 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.
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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 Fixed Maturity Plan - Series 88 - 1303 Days Plan S?
As of 20 Aug 2026, the NAV of ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S is ₹12.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S delivered?
ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S has returned +5.97% over 1 year, +7.37% per year over 3 years and +7.45% 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 Fixed Maturity Plan - Series 88 - 1303 Days Plan S?
ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S charges an expense ratio of 0.10% 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 Fixed Maturity Plan - Series 88 - 1303 Days Plan S?
It is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.2%. 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 1.43 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S's 1.43 means it has rewarded its volatility with excess return. Higher is better.
Who manages ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S?
ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S is managed by Darshil Dedhia and Anuj Tagra at ICICI Prudential.
How is ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S taxed?
ICICI Prudential Fixed Maturity Plan - Series 88 - 1303 Days Plan S 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.