ICICI Prudential Fixed Maturity 1185 Days Review: Plans, NAV, Returns and Portfolio Analysis 2026

Offered as part of ICICI Prudential Mutual Fund's open-ended fund lineup, ICICI Prudential Fixed Maturity 1185 Days sits in the fixed maturity plan category and targets investors with a risk appetite and time horizon that match its mandate. The fund currently provides 25 active scheme codes, giving investors a choice across Direct and Other Plans and Quarterly IDCW, Half Yearly IDCW, Growth, IDCW. Whether you are looking to reduce cost through a Direct Plan or want periodic payouts via an IDCW option, this scheme has a configuration worth exploring.

This review breaks down the key metrics for ICICI Prudential Fixed Maturity 1185 Days: NAV figures across all variants, how the Direct and Regular Plan expense ratios compare, what the returns picture looks like, and which type of investor this scheme is built for. All figures reflect publicly available data as of August 2026.

Click Here – Get Free Investment Predictions

ICICI Prudential Fixed Maturity 1185 Days: All Plans and Options

Here is a full reference of all active scheme codes under ICICI Prudential Fixed Maturity 1185 Days. The Direct Plan cuts out distributor commission, lowering the expense ratio versus the Regular Plan. IDCW options distribute available surplus periodically while Growth options compound it back into the NAV.

Scheme Code	Plan	Option	ISIN	NAV (Rs)	Date
142542	Direct Plan	Quarterly IDCW	INF109KC1986	12.6831	27-May-2021
142586	Direct Plan	Quarterly IDCW	INF109KC1AE2	12.6638	04-Jun-2021
136046	Direct Plan	Growth	INF109KB1QD1	12.8818	22-Apr-2019
136049	Direct Plan	IDCW	INF109KB1QE9	12.8818	22-Apr-2019
141352	Direct Plan	Growth	INF109KB18G8	12.568	10-Aug-2020
142412	Direct Plan	Growth	INF109KC1705	12.6865	05-May-2021
142544	Direct Plan	Growth	INF109KC1960	12.6831	27-May-2021
142543	Direct Plan	Half Yearly IDCW	INF109KC1978	12.6831	27-May-2021
142582	Direct Plan	Growth	INF109KC1AC6	12.6671	04-Jun-2021
142588	Direct Plan	Half Yearly IDCW	INF109KC1AD4	12.6671	04-Jun-2021
146344	Direct Plan	Growth	INF109KC1SX4	12.9876	17-May-2022
146343	Direct Plan	Half Yearly IDCW	INF109KC1SZ9	12.9876	17-May-2022
142548	Other Plan	Quarterly IDCW	INF109KC1952	12.6657	27-May-2021
142585	Other Plan	Quarterly IDCW	INF109KC1AB8	12.5961	04-Jun-2021
146345	Other Plan	Quarterly IDCW	INF109KC1SV8	12.8642	17-May-2022
136047	Other Plan	Growth	INF109KB1QB5	12.8514	22-Apr-2019
136048	Other Plan	IDCW	INF109KB1QC3	12.8514	22-Apr-2019
141354	Other Plan	Growth	INF109KB10H3	12.473	10-Aug-2020
141351	Other Plan	IDCW	INF109KB11H1	12.473	10-Aug-2020
142413	Other Plan	Growth	INF109KC1671	12.6344	05-May-2021
142541	Other Plan	Growth	INF109KC1937	12.6657	27-May-2021
142581	Other Plan	Growth	INF109KC1994	12.5961	04-Jun-2021
142587	Other Plan	Half Yearly IDCW	INF109KC1AA0	12.5961	04-Jun-2021
146340	Other Plan	Growth	INF109KC1SU0	12.8642	17-May-2022
146342	Other Plan	Half Yearly IDCW	INF109KC1SW6	12.8639	17-May-2022

Investment Objective and What the Fund Holds

The mandate of ICICI Prudential Fixed Maturity 1185 Days is to hold a fixed portfolio of debt securities maturing broadly in line with the scheme tenure, following a buy-and-hold strategy. In practice, the portfolio holds investment-grade debt securities held to their maturity, providing return visibility at the time of investment.

SEBI's category rules mean the fund cannot stray significantly from this structure without approval, which gives investors a predictable sense of what they own. That predictability is especially useful when comparing this scheme against peers in the same category.

Performance and Returns

Returns for ICICI Prudential Fixed Maturity 1185 Days are best assessed across at least a full market cycle rather than over six or twelve months, since short-term numbers can be distorted by rate moves or equity swings. The Direct Plan version of the fund typically delivers a slightly higher return than the Regular Plan, driven entirely by the lower expense ratio rather than any difference in the underlying portfolio.

Between the Growth and IDCW options, the Growth variant builds NAV by reinvesting all gains. The IDCW variant distributes whatever surplus is available at the chosen frequency, which means its NAV grows more slowly on paper even though the underlying portfolio generates the same return. This distinction matters for tax planning: IDCW payouts are taxed as income, while Growth option gains are treated as capital gains.

Direct Plan vs Regular Plan

Choosing between the two plans comes down to one question: do you want an advisor or distributor to help manage your investment? If yes, the Regular Plan of ICICI Prudential Fixed Maturity 1185 Days makes sense, and its expense ratio will reflect the distributor's fee. If you are comfortable transacting directly with the AMC or through a registered investment advisor, the Direct Plan offers the same portfolio at a lower cost.

Over a decade, even a 0.5 percentage point difference in annual expense compounds meaningfully. Investors who switch from Regular to Direct Plan mid-way lose some of that benefit, so the decision is worth thinking through carefully at the outset.

Expense Ratio and Exit Load

Running costs for ICICI Prudential Fixed Maturity 1185 Days are deducted from the scheme's assets on a daily basis before the NAV is published. Investors do not pay these separately; the deduction simply means the NAV grows slightly more slowly than the gross portfolio return. The lower the expense ratio, the more of the portfolio's return the unit holder actually keeps.

Always check the latest scheme information document or the AMC website for the current expense ratio and exit load before transacting. Both can be revised by the AMC with prior notice to unit holders, and the figures in a factsheet from six months ago may not reflect today's structure.

Who Should Consider ICICI Prudential Fixed Maturity 1185 Days

Long-term investors with matching risk appetite. ICICI Prudential Fixed Maturity 1185 Days suits those whose risk tolerance and time horizon align with the fixed maturity plan category.

Cost-conscious investors. The Direct Plan variant carries a meaningfully lower expense ratio than the Regular Plan for investors comfortable transacting independently.

Diversified portfolio builders. The fund can complement other asset class holdings across a balanced portfolio.

Key Risks Before You Invest

Market risk. Being market-linked, the NAV can fall during equity or credit market downturns.

Tracking error. Passively managed index variants may deviate from their benchmark due to costs and rebalancing timing.

Concentration risk. A sector or factor tilt in the mandate can cause disproportionate impact if that segment underperforms.

How to Get Started with ICICI Prudential Fixed Maturity 1185 Days

Pick your variant first: Direct or Regular Plan, and Growth or IDCW option. Then confirm your KYC is active. First-time mutual fund investors need to complete KYC online through a SEBI-registered intermediary or the AMC's portal before any investment can be processed.

Once KYC is sorted, you can invest in the fund as a lump sum or via a Systematic Investment Plan. SIP contributions spread purchases across market levels, which is particularly useful for equity and hybrid categories where entry timing matters less over a long horizon.

After investing, set a quarterly calendar reminder to review the fund's latest factsheet. Check whether the NAV trajectory aligns with the category benchmark, and confirm the portfolio allocation has not drifted outside the expected range.

Check the Univest Screener for Live Mutual Fund and Stock Data

Download the Univest iOS App or Univest Android App to track the fund NAV and get research-backed investment ideas.

Conclusion

With 25 plan and option variants and a representative NAV of Rs 12.8514 as on 22-Apr-2019, The fund gives investors meaningful flexibility to align cost structure and payout preference with their specific situation. The Moderate risk rating reflects the category mandate, and the gap between Direct and Regular Plan expense ratios rewards those who choose to transact independently. Review the latest scheme information document and consult a SEBI-registered advisor before committing.

Frequently Asked Questions on ICICI Prudential Fixed Maturity 1185 Days

What is the current NAV of ICICI Prudential Fixed Maturity 1185 Days?

Ans. The current NAV of the fund for the Direct Growth option is Rs 12.8514 as on 22-Apr-2019. NAV updates at the close of each business day.

How many plans and options does ICICI Prudential Fixed Maturity 1185 Days offer?

Ans. The fund offers 25 scheme codes covering Direct and Other Plans and Quarterly IDCW, Half Yearly IDCW, Growth, IDCW.

What is the investment objective of ICICI Prudential Fixed Maturity 1185 Days?

Ans. The fund aims to hold a fixed portfolio of debt securities maturing broadly in line with the scheme tenure, following a buy-and-hold strategy, holding investment-grade debt securities held to their maturity, providing return visibility at the time of investment.

What is the risk level of ICICI Prudential Fixed Maturity 1185 Days?

Ans. The fund carries a Moderate risk rating on the SEBI riskometer scale, reflecting its fixed maturity plan mandate.

Should I choose the Growth or IDCW option in ICICI Prudential Fixed Maturity 1185 Days?

Ans. Growth suits investors focused on long-term accumulation since gains compound back into the NAV. IDCW suits those who need periodic cash flow from the investment, with the understanding that payouts depend on distributable surplus and are not guaranteed.

What is the difference between the Direct and Regular Plan in ICICI Prudential Fixed Maturity 1185 Days?

Ans. The Direct Plan carries a lower expense ratio than the Regular Plan since it excludes distributor commission. Over long horizons, this cost difference compounds and can noticeably affect the final corpus.

What is the exit load on ICICI Prudential Fixed Maturity 1185 Days?

Ans. Exit load terms can vary and are revised periodically by AMCs. Check the latest scheme information document before redeeming.

Is ICICI Prudential Fixed Maturity 1185 Days suitable for SIP investment?

Ans. Yes. The fund can be invested through a Systematic Investment Plan, which spreads purchases across market levels and is especially useful for equity and hybrid categories with longer investment horizons.