ICICI Prudential Fixed Maturity 370 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 370 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 16 active scheme codes, giving investors a choice across Direct and Other Plans and 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 370 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.

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ICICI Prudential Fixed Maturity 370 Days: All Plans and Options

Here is a full reference of all active scheme codes under ICICI Prudential Fixed Maturity 370 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
130177	Direct Plan	Growth	INF109KB1IJ5	12.8491	27-Jul-2017
130180	Direct Plan	IDCW	INF109KB1IK3	12.7902	27-Jul-2017
130315	Direct Plan	Growth	INF109KB1JL9	12.8994	28-Aug-2017
130317	Direct Plan	IDCW	INF109KB1JM7	10.6944	06-Jul-2015
129968	Direct Plan	Growth	INF109KB1GH3	12.8848	27-Jul-2017
129970	Direct Plan	IDCW	INF109KB1GI1	12.8257	27-Jul-2017
130008	Direct Plan	Growth	INF109KB1HX8	12.8002	27-Jul-2017
130007	Direct Plan	IDCW	INF109KB1HY6	12.4505	27-Jul-2017
129967	Other Plan	Growth	INF109KB1GJ9	12.8593	27-Jul-2017
130178	Other Plan	Growth	INF109KB1IH9	12.8285	27-Jul-2017
130179	Other Plan	IDCW	INF109KB1II7	12.7697	27-Jul-2017
130316	Other Plan	Growth	INF109KB1JJ3	12.8787	28-Aug-2017
130318	Other Plan	IDCW	INF109KB1JK1	12.5777	28-Aug-2017
129969	Other Plan	IDCW	INF109KB1GK7	12.8002	27-Jul-2017
130005	Other Plan	Growth	INF109KB1HV2	12.7833	27-Jul-2017
130006	Other Plan	IDCW	INF109KB1HW0	12.4358	27-Jul-2017

Investment Objective and What the Fund Holds

The mandate of ICICI Prudential Fixed Maturity 370 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 370 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 370 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 370 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 370 Days

Long-term investors with matching risk appetite. The fund 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 370 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.

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Conclusion

With 16 plan and option variants and a representative NAV of Rs 12.8593 as on 27-Jul-2017, 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 370 Days

What is the current NAV of ICICI Prudential Fixed Maturity 370 Days?

Ans. The current NAV of the fund for the Direct Growth option is Rs 12.8593 as on 27-Jul-2017. NAV updates at the close of each business day.

How many plans and options does ICICI Prudential Fixed Maturity 370 Days offer?

Ans. The fund offers 16 scheme codes covering Direct and Other Plans and Growth, IDCW.

What is the investment objective of ICICI Prudential Fixed Maturity 370 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 370 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 370 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 370 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 370 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 370 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.