ICICI Prudential Mutual Fund is the second-largest mutual fund company in India in terms of assets under management (AUM). It was established in 1993 as ICICI Prudential Asset Management Company Limited, a part of the ICICI Group. In 1998, Prudential plc, one of the largest financial services companies in the United Kingdom (UK), joined as a joint venture (JV) partner. ICICI Bank holds a 51% stake in the JV, while Prudential plc holds 49%. With an experience of over two decades, ICICI Prudential Mutual Fund also offers Portfolio Management Services (PMS). It has a presence across over 297 locations and serves an investor base of more than 1.19 crore investors (as of September 30, 2024). As of June 30, 2025, ICICI Prudential
Open ended scheme
Growth
₹ 885.29
0.34%
8.09%
2026-09-17T18:30:00.000Z
NIFTY Midcap 150 Total Return Index
0
₹ 885.29
100
9th Floor, Crescenzo, C - 38 & 39G Block, BKC, Bandra (East)Mumbai - 400 051
022 - 61793537
You can invest in SBI Floating Interest Rates Fund seamlessly on RingMoney. The process is quick, paperless, and takes just a few minutes:
The NAV of SBI Floating Interest Rates Fund is ₹14.3274 as of 2026-09-17T18:30:00.000Z
The SBI Floating Interest Rates Fund has an expense ratio of 0.34, which reflects the fund’s management and operating costs. This percentage is subtracted from the fund’s annual returns, impacting net returns for investors.
The best way to invest inSBI Floating Interest Rates Fund depends on your financial goals and risk appetite:
* If you want to build wealth gradually and reduce the impact of market ups and downs, starting a SIP (Systematic Investment Plan) is usually recommended.
* If you have a lumpsum amount available and plan to stay invested for the long term (5+ years), a one-time lumpsum investment can also be effective.
On RingMoney, you have the flexibility to choose either SIP or lumpsum, making it easy to align the investment with your personal objectives.
If you wish to sell your SBI Floating Interest Rates Fund holdings, simply go to the holdings section on the RingMoney app or website and select the fund. You will see two options – Redeem and Invest More. Click on Redeem and enter the amount you want to withdraw, or select the Redeem All option if you want to sell your entire holding.
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