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ICICI Prudential Medium Term Fund

ICICI Prudential Mutual Fund · 120670 · Quant Rank #211

Structural GatesFully Researched (Deep)Prospera Research Confidence: HIGH
ANALYST_REVIEWED

Research Confidence reflects source quality and evidence depth — it is independent of the score below. A fund can score highly with low confidence, or moderately with high confidence.

Real Evidence
CategoryDEB
AUM₹5,447.8 Cr
BenchmarkNIFTY Medium Duration Debt Index A-III
RiskometerModerately High
TERInsufficient data
InceptionInsufficient data
Track RecordInsufficient data
Fund ManagerAkhil Kakkar and Manish Banthia (Manish Banthia also manages ICICI Pru Corporate Bond Fund, DEB-001)
AUM Floor₹1000 Cr
Min Track3 yrs
Max Alloc30%
Returns vs Benchmark
WindowFundBenchmark
1 Year8.03%4.28%
3 Year8.60%6.92%
5 Year7.50%5.62%
Since Launch8.52%7.50%
Calculated Parameters
FMTInsufficient data — no real 'managing since' date collected for this scheme's current manager
AMQ7/10
AUTInsufficient data — no real 3-months-ago AUM evidence (AMFI's live feed only carries current + ~1-month-ago; needs a genuine dated snapshot from an earlier sync)
ERSInsufficient data — no TER evidence collected for this scheme
Structural Gates
Gate 1 — EligibilityUNKNOWN

AUM floor: PASS · Track record: UNKNOWN · SEBI: UNKNOWN

Gate 2Quant ScreenFAIL
Gate 3Top 10FAIL
Gate 4Top 5FAIL
Gate 5Top 2 ICFAIL
Candidate's 34.6 would rank #3 among 2 real existing category scores (top 2 = recommendable).
Analyst Name
MOMMomentum
7% weight
Deep ResearchConfidence: HIGH

3–6M price+flow vs benchmark · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

CONConsistency
10% weight
Deep ResearchConfidence: HIGH

3Y/5Y quartile rank stability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

PQTPortfolio Quality
11% weight
Deep ResearchConfidence: MEDIUM

PE, concentration, churn · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

FMQFund Mgr Quality
12% weight
Deep ResearchConfidence: HIGH

Philosophy, communication, style drift · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

VALValuation Risk
10% weight
Deep ResearchConfidence: MEDIUM

Portfolio PE/PB vs category avg · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

STWSector Tailwinds
9% weight
Deep Research

Policy/macro drivers 12-18M · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

DSPDownside Protection
8% weight
Deep ResearchConfidence: MEDIUM

Max DD, Sortino, bear markets · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

OPPOutperformance Prob.
8% weight
Deep ResearchConfidence: HIGH

Analyst 12M alpha probability · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

THSThesis Strength
2% weight
Deep ResearchConfidence: MEDIUM

Analyst 12-24M thesis conviction · 0 = N/A · 1 = Worst · 5 = Average · 10 = Best

Last scored by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) on 8/27/2026, 7:00:41 AM

V6 Final Score
34.6
/ 100 — Final Score
AVOID
MOM
4.2
CON
2.0
PQT
4.4
FMQ
9.6
VAL
4.0
STW
0.0
DSP
3.2
OPP
2.4
FMT
AMQ
4.2
AUT
ERS
THS
0.6
Data-limited: FMT, AUT, ERS (insufficient data — never defaulted to 0)
Source Evidence (17)
BenchmarkNIFTY Medium Duration Debt Index A-III
Riskometer (Scheme)Moderately High
NAV - Direct Plan53.6993
NAV Date21-Aug-2026
Daily AUM (Cr.)5447.7964
1 Year Return - Direct Plan (%)8.0260
1 Year Return - Benchmark (%)4.2769
3 Year Return - Direct Plan (%)8.6038
3 Year Return - Benchmark (%)6.9192
5 Year Return - Direct Plan (%)7.4950
5 Year Return - Benchmark (%)5.6175
Since Launch Return - Direct Plan (%)8.5222
Since Launch Return - Benchmark (%)7.5042
Fund ManagerAkhil Kakkar and Manish Banthia (Manish Banthia also manages ICICI Pru Corporate Bond Fund, DEB-001)
Value Research Rating1 out of 5 stars — VR explicitly recommends investors skip this fund category in favor of core debt funds
Portfolio Credit QualityReal holdings include Adani Enterprises NCD 8.70 (3.20%), Vedanta Ltd SR 1 Debenture 9.40 (3.11%), GOI Sec 6.94 (4.11%); portfolio YTM 8.59%, average maturity 3.39 years, modified duration 2.82 years
Audit Log
MOM 76 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH] Real AMFI returns vs NIFTY Medium Duration Debt Index A-III, consistent across every window: 1Y +3.75pp, 3Y +1.68pp, 5Y +1.88pp, Since Launch +1.02pp. Modest in absolute magnitude (typical for debt) but genuinely consistent.
CON 72 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — MAJOR CORRECTION] Real Value Research rating is 1 out of 5 stars — the LOWEST possible rating — confirmed directly on the fund's own VR page, which explicitly states most investors 'can skip these funds and stick to core debt funds instead.' Approved substitution: 1★ = 2. The prior score of 7 had no real basis and materially overstated this fund's standing.
PQT 64 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — re-interpreted for debt: portfolio quality = credit quality] Real portfolio holdings include Adani Enterprises NCD (3.20%) and Vedanta Ltd debenture (3.11%) — both well-documented, higher-leverage, higher-credit-risk corporate names in the Indian debt market — alongside a GOI security (4.11%). This is a real, mixed-to-lower credit-quality positioning for a 'Medium Term' fund, not a core high-grade portfolio. Scored down from the prior placeholder to reflect this honestly.
FMQ 58 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH] Real managers: Akhil Kakkar and Manish Banthia. Manish Banthia is independently, cross-verified as the manager of ICICI Pru Corporate Bond Fund (Prospera's own legacy DEB-001, HIGH CONVICTION, Primary Pick, 89.4/100) — genuine, substantive, cross-referenced evidence of manager quality, a rare case of strong verifiable proof rather than name-only identification.
VAL 54 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — re-interpreted for debt: valuation = yield-for-risk attractiveness] Real evidence: portfolio YTM of 8.59% is notably elevated for a Medium Term duration fund, achieved via lower-quality credit exposure (Adani, Vedanta) rather than pure duration extension. The elevated yield is real compensation for real, disclosed additional risk, not a genuine value discovery — scored to reflect that honestly rather than treating a high headline yield as automatically favorable.
STW 60 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — methodological note] 'Sector tailwinds' as V6 defines it for equity does not map meaningfully onto a fixed-income credit-selection strategy. Scored 0 (N/A) as a structural non-applicability, not a data gap.
DSP 74 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH] Real evidence: 'Moderately High' Riskometer classification (materially worse than a genuinely low-risk core debt fund) combined with real exposure to higher-leverage credits (Adani, Vedanta) indicates less downside protection than a high-quality debt fund would offer. Scored down from the prior placeholder to reflect this honestly.
OPP 73 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — MAJOR CORRECTION, analyst judgment] The real, credible, independent 1-star VR rating and its explicit recommendation that investors skip this category of fund, combined with genuine elevated credit-risk exposure, constitute strong disconfirming evidence against a favorable forward outperformance-probability assessment. This is a rare case with unambiguous, credible negative evidence — scored accordingly, not defaulted to a mid-scale placeholder.
THS 53 by Claude (V7 Deep Research Pass — Research Quality Review, 2026-08-27) · 8/27/2026, 7:00:41 AM
[DEEP RESEARCH — MAJOR CORRECTION] The fund's real positioning — reaching for yield via lower-quality credits in a 'Medium Term' mandate — is precisely the kind of strategy Value Research's own published view warns investors against. Scored down substantially from the prior placeholder to reflect this credible, real, negative signal honestly.
THS 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:35 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Debt (overnight/liquid): capital-preservation mandate, return is a direct function of prevailing short-term rates, not manager skill.
OPP 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:33 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real return-vs-benchmark evidence: 1Y +3.75pp vs benchmark, 3Y +1.68pp vs benchmark, 5Y +1.88pp vs benchmark, SinceLaunch +1.02pp vs benchmark (avg 2.08pp).
DSP 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:32 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real Max Drawdown or Sortino data exists in any source checked this session; ordinary volatility/beta are never substituted. Debt category carries structurally low real drawdown risk by mandate design.
STW 6 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:30 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Category-level thesis: Debt (overnight/liquid): capital-preservation mandate, return is a direct function of prevailing short-term rates, not manager skill. No fund-specific sector-overweight evidence collected (no GICS sector allocation data exists for this scheme), so scored at the category's own general positioning.
VAL 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:28 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No real TER data collected; scored at category-neutral baseline (no portfolio PE/PB data exists in any source checked this session).
FMQ 5 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:26 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No manager identity evidence collected; scored at category-neutral baseline.
PQT 6 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:25 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Real AUM ₹5,447.796 Cr vs category floor ₹1000 Cr (5.4x). Moderate scale — no specific capacity concern or advantage documented.
CON 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:23 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] No Value Research rating collected; consistency estimated from real return-vs-benchmark trend (1Y +3.75pp vs benchmark, 3Y +1.68pp vs benchmark, 5Y +1.88pp vs benchmark, SinceLaunch +1.02pp vs benchmark, avg 2.08pp).
MOM 7 by Claude (V7 Workspace — holistic analyst estimate, pending Research Head review) · 8/26/2026, 3:09:21 PM
[HOLISTIC ANALYST ESTIMATE — anchored in real facts (cited below), not independently sourced per-parameter; reproduces the original 56's own methodology per explicit authorization] Most recent available window (1Y: +3.75pp vs benchmark) used as the closest real proxy for near-term momentum (V6's exact 3-6M window has no data source for most equity funds in this pipeline).