ICICI Pru Ultra S/T Gr
Icici Prudential Ultra Short Term Fund Growth invests in short-term bonds, balancing safety with modest growth.
What This Strategy Does
CW Expert Research Notes
Consistent Outperformance
The fund has demonstrated resilient performance across market cycles, outperforming its category peers in 6 out of the past 12 years, underpinned by its ability to deliver consistent earnings and downside protection.
Differentiated Positioning
The fund's distinct allocation approach, with a bias towards corporate bonds and cash equivalents, coupled with selective exposure to high-conviction issuers like HDFC Bank and Reliance Industries, sets it apart from peers.
Favorable Risk-Reward
The fund's attractive valuation relative to history and peers, combined with potential tailwinds from an improving capex cycle and earnings revisions, positions it favorably within a diversified portfolio, while key risks include policy shifts and credit events.
Performance and Risk Analysis
Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.
Fund Performance
Benchmark Performance Comparison
Risk Profile
Detailed Risks
Market Risk
Potential economic slowdown could trigger credit spread widening, impacting fund's holdings.
Liquidity Risk
Concentrated exposure to lower-rated credits could face liquidity stress during volatility spikes.
Concentration Risk
Significant sector concentration in financials exposes fund to regulatory risks.
Specific Strategy Risk
Underperformance risk if credit selection process fails to identify looming downgrades.
Strategy Details
A closer look at the investment thesis, portfolio construction, and current holdings.
Core Investment Theme
Provides liquidity and stability through exposure to India's highest-quality short-term debt instruments. This ultra-short duration approach aims to preserve capital while generating modest income by investing in low-risk securities with maturities under one year. The impact is a portfolio anchor that dampens volatility while maintaining high liquidity for tactical shifts or cash needs. Suitable for investors seeking capital preservation with a yield enhancement over cash holdings.
Broader Market View
Market Outlook
Why This Strategy is Attractive Now
Investment Style & Process
Investment Style
Why it Makes Sense
High-Level Investment Process
Portfolio Holdings Overview
Top Stock Holdings
Fund House Management
The asset management company’s track record, AUM scale, and fund manager credentials.
Fund Manager Track Record
Ritesh Lunawat
Mr. Ritesh Lunawat has experience of 14 years. Manages 130 funds at Deutsche Bank AG with an AUM of approximately ₹28,974 Cr Holds a B.Com degree.
35 years
Combined Team Experience
₹ 28,974 Cr
Assets Under Management
CW Expert Take
ICICI Prudential combines scale with specialization. Their investment philosophy centers on understanding business economics rather than following market momentum. The fund house has built distinct expertise across asset classes, from equity research teams focused on sectoral deep-dives to fixed income desks with strong credit assessment capabilities.
Investment Philosophy & Approach
Disciplined Approach
ICICI Prudential follows a disciplined investment approach focused on rigorous research.
Risk Management
The fund house emphasizes robust risk management practices and processes.
Long-Term Perspective
ICICI Prudential maintains a long-term perspective in capital allocation decisions.
Operational & Regulatory Details
What it costs to invest, transaction mechanics, and regulatory disclosures you should know.
Costs and Fees
Regulatory & Tax Information
Capital Gain Tax | Taxed as per Income Tax Slab
Tax Implications (India)