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
TER: 1.85% As on (31-01-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 7,322.24 Cr As on (31-01-2024)
Turn over: 41% | Exit Load: Exit load of 1% if redeemed within 15 days

105.52

16.38%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 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
14 Years 11 Months
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 16.88
Sharpe Ratio 0.73
Alpha 2.64
Beta 0.9
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 22.57 15.11 12.29 12.66 17.81
Invesco India Financial Services Fund - Retail Growth 14-07-2008 38.84 22.26 16.34 16.51 18.27
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 37.51 23.75 17.04 18.73 17.59
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 31.47 21.13 18.54 15.04 17.6
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 30.72 17.89 12.01 14.91 -
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 29.35 17.36 13.68 13.99 17.82
Mirae Asset Banking and Financial Services Fund Regular Growth 11-12-2020 28.43 17.88 13.84 - -
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 27.33 18.73 - - -
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 27.19 16.51 10.3 12.91 14.81
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 26.15 17.34 12.65 11.23 14.4

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

8.49%

Others

3.63%

Large Cap

79.25%

Mid Cap

8.62%

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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