Should I invest in ICICI Prudential Floating Rate Plan-Daily Dividend Option?

We don't give personal investment advice. ICICI Prudential Floating Rate Plan-Daily Dividend Option is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 2.3%. 5-year CAGR: -0.08%.

ICICI Prudential

ICICI Prudential Floating Rate Plan-Daily Dividend Option

Unit split applied to historical metrics

This scheme had a 10× unit consolidation on 3 Nov 2009. Returns, SIP simulations and risk metrics on this page are split-adjusted — they reflect what a real investor's portfolio experienced (a consolidation doesn't change portfolio value, only the unit count and per-unit NAV).

Latest NAV

₹100.0250

As of

24 Apr 2020

3,455 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.24%	-0.08%	-0.16	29 / 32	Q4
1W	-0.15%	+0.12%	-0.27	31 / 32	Q4
2W	+0.14%	+0.27%	-0.14	27 / 32	Q4
1M	+1.01%	+0.63%	+0.38	11 / 32	Q2
3M	-0.65%	+0.26%	-0.91	30 / 32	Q4
6M	-0.38%	+0.68%	-1.06	27 / 32	Q4
YTD	-0.51%	+0.56%	-1.07	29 / 32	Q4
1Y	-0.13%	+1.65%	-1.78	26 / 32	Q4
2Y	+0.02%	+2.34%	-2.31	24 / 32	Q3
3Y	-0.22%	+2.31%	-2.53	32 / 32	Q4
4Y	-0.09%	+2.43%	-2.52	32 / 32	Q4
5Y	-0.08%	+2.16%	-2.24	30 / 32	Q4
7Y	-0.02%	+2.08%	-2.09	29 / 31	Q4
10Y	0.00%	+2.12%	-2.12	26 / 27	Q4
Inception	+0.00%	+2.30%	-2.30	29 / 32	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2020 YTD	-0.51%	+2.32%	-2.83	28 / 30
2019	+0.33%	+2.64%	-2.31	12 / 30
2018	+0.00%	+2.06%	-2.06	24 / 30
2017	-0.62%	+1.74%	-2.37	29 / 31
2016	+0.52%	+2.71%	-2.19	23 / 31
2015	-0.21%	+1.69%	-1.90	16 / 16
2014	+0.19%	+2.20%	-2.01	8 / 13
2013	+0.10%	+2.10%	-2.01	10 / 13
2012	+0.00%	+2.02%	-2.02	6 / 13
2011	+0.01%	+2.07%	-2.06	9 / 12
2010	+0.02%	+1.28%	-1.26	12 / 12

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.01%

160 windows

min -1.1% · max 0.8%

60% positive

3-Year rolling

+0.02%

135 windows

min -0.6% · max 0.3%

78% positive

5-Year rolling

+0.04%

111 windows

min -0.3% · max 0.2%

85% positive

7-Year rolling

+0.04%

87 windows

min -0.1% · max 0.1%

95% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.32%

3-year · annualised

Sharpe ratio

-5.10

vs risk-free 6.5%

Sortino ratio

-5.90

Downside-only deviation

Max drawdown

-2.01%

Feb 2020 → Mar 2020

% positive months

36.1%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Floater Fund

Scheme	Fund house	NAV	As of
HDFC Floating Rate Income Fund-Short Term Plan - Wholesale Option - Dividend - Daily	HDFC	₹10.0800	3 Jun 2026
NIPPON INDIA FLOATER FUND - IDCW Option	Nippon India	₹21.3154	3 Jun 2026
ICICI Prudential Floating Interest Fund - IDCW Others	ICICI Prudential	₹197.1095	3 Jun 2026
Templeton India Cash Management Account-Dividend Plan	Franklin Templeton	₹10.1532	3 Jun 2026
Reliance Floating Rate Fund-Dividend Plan-Daily Dividend Option	Reliance	₹10.2420	3 Jun 2026

Recent NAVs

Date	NAV
24 Apr 2020	₹100.0250
23 Apr 2020	₹100.2659
22 Apr 2020	₹100.1706
21 Apr 2020	₹100.1706
20 Apr 2020	₹100.1706
17 Apr 2020	₹100.1706
16 Apr 2020	₹99.9484
15 Apr 2020	₹99.9410
13 Apr 2020	₹99.9342
9 Apr 2020	₹99.8897

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 24 Apr 2020, the NAV of ICICI Prudential Floating Rate Plan-Daily Dividend Option is ₹100.0250. It's a Floater Fund from ICICI Prudential, run as a Unknown plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

ICICI Prudential Floating Rate Plan-Daily Dividend Option has NAV history starting from 02 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

ICICI Prudential Floating Rate Plan-Daily Dividend Option is managed by ICICI Prudential. It's classified by AMFI under the 'Floater Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, ICICI Prudential Floating Rate Plan-Daily Dividend Option has delivered a absolute return of -0.13% — -1.78 pp behind the Floater Fund category average of 1.65%. The fund ranks #26 of 32 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, ICICI Prudential Floating Rate Plan-Daily Dividend Option has delivered a CAGR of -0.22% — -2.53 pp behind the Floater Fund category average of 2.31%. The fund ranks #32 of 32 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, ICICI Prudential Floating Rate Plan-Daily Dividend Option has delivered a CAGR of -0.08% — -2.24 pp behind the Floater Fund category average of 2.16%. The fund ranks #30 of 32 in its category — the bottom (Q4) quartile.

₹1 lakh invested in ICICI Prudential Floating Rate Plan-Daily Dividend Option exactly 10 years ago would be worth approximately ₹99,985 today — a multiplier of 1.00×, based on the 10-year CAGR of -0.00%. The category average over the same window would have grown ₹1 lakh to ₹123,363.

A ₹10,000 monthly SIP in ICICI Prudential Floating Rate Plan-Daily Dividend Option over the last 5 years — total invested ₹600,000 — would be worth ₹597,924 today. That's an XIRR (money-weighted annualised return) of -0.14%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential Floating Rate Plan-Daily Dividend Option = ₹1,200,000 invested. It would currently be worth ₹1,197,352 (multiplier 1.00×). XIRR: -0.04%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, ICICI Prudential Floating Rate Plan-Daily Dividend Option ranks #30 out of 32 funds in the Floater Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 2.16%; this fund delivered -0.08%.

The worst peak-to-trough decline ICICI Prudential Floating Rate Plan-Daily Dividend Option has experienced over the last 5-year window is 2.31% — its NAV fell from a high on 24 Nov 2016 to a low on 26 Mar 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, ICICI Prudential Floating Rate Plan-Daily Dividend Option averaged 0.04% (best 0.19%, worst -0.26%). 85% of rolling windows ended positive. The 5-year Sharpe ratio is -5.78 — negative risk-adjusted performance.

In calendar year 2019, ICICI Prudential Floating Rate Plan-Daily Dividend Option returned 0.33% — lagging the Floater Fund category average of 2.64% by 2.31 pp. It ranked #12 of 30 in its category that year.

ICICI Prudential Floating Rate Plan-Daily Dividend Option is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. ICICI Prudential Floating Rate Plan-Daily Dividend Option is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 2.3%. 5-year CAGR: -0.08%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.