ICICI Prudential Banking and Financial Services Fund - Growth

Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-08-2008
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
Expense Ratio: 2.12% As on (31-12-2019)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 3,614.86 Cr As on (31-01-2020)
Turn over: 45% | Exit Load: 1% for redemption within 15 days

68.82

18.28%

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 6 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 0.87
Alpha 3.6
Beta 0.96
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 01-08-2008 20.27 7.44 12.46 12.28 17.49
Sundaram Financial Services Opportunities Fund Reg Growth 10-06-2008 29.85 11.04 13.21 9.65 12.38
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 27.33 12.74 16.33 - -
Taurus Banking & Financial Services Fund - Regular Plan - Growth Option 22-05-2012 26.54 14.78 16.91 9.46 -
SBI Banking and Financial Services Fund - Regular Plan - Growth 05-02-2015 25.81 16.43 19.62 - -
Invesco India Financial Services Fund - Retail Growth 14-07-2008 25.03 10.59 16.65 11.91 15.6
Baroda Banking and Financial Services Fund - Plan A - Growth Option 22-06-2012 24.99 11.93 13.43 8.79 -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 20.42 1.66 4.67 - -
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 05-12-2013 19.58 6.69 11.81 12.2 -
SAHARA BANKING & FINANCIAL SERVICES FUND- GROWTH OPTION 16-09-2008 18.67 10.87 14.95 9.52 12.83

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

11.98%

Others

4.83%

Large Cap

58.99%

Mid Cap

24.18%

Scheme Documents

January 2020

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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