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ICICI Prudential Banking and Financial Services Fund - Growth

Fund House: ICICI Prudential Mutual Fund
Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 05-08-2008
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
Expense Ratio: 1.87% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 6,312.8 Cr As on (30-04-2023)
Turn over: 42% | Exit Load: 1% for redemption within 15 days
NAV as on 02-06-2023

94.34

0.21 (0.2226%)

CAGR Since Inception

16.39%

Benchmark: 7.21%

PERFORMANCE

Returns Type:
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End : 
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NIFTY 50 TRI
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Gold
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PPF
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RETURNS ANALYSIS

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Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
2 Years 1 Months
6 Years 5 Months
8 Years 7 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to maximize long term capital gains by investing in equity and equity related securities of banking, financial and non-banking financial companies that form a part of Banking and Financial Services Industry. A large share of the assets of the scheme will be invested in the stocks comprising the benchmark, BSE Bankex Index.

Current Asset Allocation (%)

Indicators

Standard Deviation 22.54
Sharpe Ratio 0.94
Alpha 2.09
Beta 0.85
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
ICICI Prudential Banking and Financial Services Fund - Growth 05-08-2008 19.0 8.49 29.0 9.58 15.58
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 26.28 9.8 23.73 10.71 -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 25.79 11.12 23.93 8.52 -
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 25.19 11.57 27.35 11.88 13.46
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 24.68 13.85 35.03 9.68 14.12
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 23.93 - - - -
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 23.78 10.85 25.1 11.43 12.19
Mirae Asset Banking and Financial Services Fund Regular Growth 05-12-2020 22.22 9.92 - - -
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 22.05 9.37 29.34 8.97 -
Invesco India Financial Services Fund - Retail Growth 14-07-2008 21.44 8.78 23.65 9.91 14.03

Scheme Characteristics

Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

8.85%

Others

7.33%

Large Cap

75.67%

Mid Cap

8.15%

Scheme Documents

April 2023

Monthly Portfolio Disclosure - April 2023

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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