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ICICI Prudential Short Term Fund - NAV, Returns, Portfolio & Investment Details

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Invest in ICICI Prudential Short Term Fund - View latest NAV, returns, portfolio analysis, fund manager details. Check AUM, expense ratio & minimum investment requirement.

Investment Objective and Approach

The scheme seeks to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. The fund follows a conservative investment approach focused on:

- Primary Investment: Corporate bonds, government securities, and money market instruments

- Duration Focus: Bonds maturing in a period of one to three years

- Risk Management: Maintaining optimal balance between yield, safety, and liquidity

- Return Expectation: Higher returns than what a bank fixed deposit can fetch while keeping risks moderate

Key Investment Features:

- Minimum investment requirement of ₹5,000 for lump sum and ₹1,000 for SIP

- AUM of ₹21,284 Cr as of June 2025

- Expense ratio of 0.45%

Fund Managers

The ICICI Prudential Short Term Fund is managed by experienced professionals:

Manish Banthia

Mr. Banthia is B.Com, CA and MBA. He is associated with ICICI Prudential Asset Management Company since Oct 2005 and has extensive experience across various roles within the organization. Fund Manager since 19 November 2009

Nikhil Kabra

Mr. Kabra is a B.Com and Chartered Accountant. Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013. Fund Manager since 29 December 2020

About the Fund House (AMC)

ICICI Prudential Asset Management Company Limited is one of India's leading asset management companies with a rich heritage and strong market presence.

Company Background:

- A leading asset management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors

- Joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, a leading pan-Asia & Africa focused group

- Started in 1993 as ICICI Prudential Asset Management Company Limited and became a joint venture between ICICI Bank and Prudential Plc in 1998

Scale & Reach:

- At the end of January 2024, it had an AUM of over Rs. 6,90,000 crore from more than 97 lakh investors

- The AMC offers over 120 mutual fund schemes across equity, debt, and hybrid schemes

- From 2 locations and 6 employees at inception in 1998, to a current strength of 3072 employees with a reach across over 350 locations

Investment Expertise:

- The AMC also caters to Portfolio Management Services for investors, spread across the country, along with International Advisory Mandates for clients across international markets in asset classes like Debt, Equity and Real Estate

Should I Invest in ICICI Prudential Short Term Fund?

Suitable For:

- Investors with 1-3 year investment horizon

- Conservative investors seeking better returns than fixed deposits

- Portfolio diversification for longer-term investors

- Those looking for steady, moderate returns with low risk

Performance Metrics:

- Generated returns of 9.63% in 1 year, 8.76% in 3 years, 7.38% in 5 years

- CAGR return of 8.62% since inception

Risk Considerations:

- The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit

- There have been instances when short duration funds have incurred losses

- Their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run

Tax Implications:

- If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate

- Gains are taxed at the rate of 12.5% if sold after 2 years from the date of investment

FAQs

What is today's NAV of ICICI Prudential Short Term Fund?

The latest NAV varies by plan, but the Direct Growth plan NAV was approximately ₹66.25 as of August 2025. NAV changes daily based on market conditions.

What is the AUM of ICICI Prudential Short Term Fund?

The fund has an AUM of ₹21,284 crores as of June 2025, making it larger than the category average.

What is the expense ratio of ICICI Prudential Short Term Fund?

The expense ratio is 0.45% for the Direct plan, which covers fund management and administrative costs.

What are the returns of ICICI Prudential Short Term Fund since inception?

The fund has delivered a CAGR return of 8.62% since inception, with recent 1-year returns at 9.63%.

What is the minimum SIP amount to invest in ICICI Prudential Short Term Fund?

The minimum SIP amount is ₹1,000 per month, while the minimum lump sum investment is ₹5,000.

How do I invest in ICICI Prudential Short Term Fund?

You can invest through Allvest's platform by selecting the fund, choosing SIP or lump sum, entering the amount, and setting up payments via bank mandate or UPI.

How to start a SIP in ICICI Prudential Short Term Fund?

Login to Allvest, search for the fund, select "Start SIP" option, choose amount and frequency, and set up automatic payments through bank mandate.

How do I automate an SIP in ICICI Prudential Short Term Fund?

Through Allvest, set up bank mandate or UPI autopay during SIP registration to ensure automatic monthly deductions without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Short Term Fund?

You can redeem through Allvest by logging into your account, going to the investment section, and placing a redemption request. The proceeds are typically credited within 1-3 business days.