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: 1.98% As on (30-06-2022)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 5,277.93 Cr As on (31-07-2022)
Turn over: 58% | Exit Load: 1% for redemption within 15 days

85.77

16.62%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
Nifty Financial Services TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

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

Volatility 18.54
Sharp Ratio 0.16
Alpha -0.17
Beta 0.97
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 3.2 30.69 11.25 8.21 16.79
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 9.02 27.72 10.14 5.46 -
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 8.75 37.72 12.46 8.07 14.61
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 6.82 25.66 9.52 8.45 11.87
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 6.14 29.5 13.48 10.3 13.57
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 6.03 26.25 11.62 10.6 12.35
Mirae Asset Banking and Financial Services Fund Regular Growth 01-12-2020 5.96 - - - -
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 5.64 29.64 8.78 5.42 11.66
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 4.97 27.47 12.91 11.98 -
IDBI Banking & Financial Services Fund - Regular Plan (Growth) 28-05-2018 4.78 25.85 9.86 - -

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

15.9%

Others

4.82%

Large Cap

71.22%

Mid Cap

8.06%

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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