ICICI Prudential Banking and Financial Services Fund - Growth

Fund House: ICICI Prudential Mutual Fund
Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-08-2008
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
Expense Ratio: 2.27% As on (31-05-2020)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 2,264.48 Cr As on (31-05-2020)
Turn over: 42% | Exit Load: 1% for redemption within 15 days

49.12

14.34%

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 -29.13 -7.77 -5.03 5.0 11.86
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 -16.66 -2.91 1.14 - -
Invesco India Financial Services Fund - Retail Growth 14-07-2008 -18.35 -3.03 0.21 6.57 10.7
Sundaram Financial Services Opportunities Fund Reg Growth 10-06-2008 -18.58 -2.85 -0.82 4.46 7.62
SBI Banking and Financial Services Fund - Regular Plan - Growth 05-02-2015 -19.51 -1.08 3.25 9.2 -
Taurus Banking & Financial Services Fund - Regular Plan - Growth Option 22-05-2012 -19.51 -2.44 1.24 4.5 -
IDBI Banking & Financial Services Fund - Regular Plan (Growth) 28-05-2018 -21.87 -7.35 - - -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 -23.64 -7.78 -8.23 -2.12 -
Baroda Banking and Financial Services Fund - Plan A - Growth Option 22-06-2012 -23.88 -5.44 -1.65 2.89 -
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 05-12-2013 -26.77 -10.15 -4.41 5.19 -

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

8.77%

Others

2.51%

Large Cap

64.56%

Mid Cap

24.16%

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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