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: 1.95% As on (31-12-2022)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 5,518.62 Cr As on (31-12-2022)
Turn over: 58% | Exit Load: 1% for redemption within 15 days

86.9

16.13%

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
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 32.91
Sharpe Ratio 0.34
Alpha -0.41
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 05-08-2008 1.11 11.86 7.77 6.59 14.35
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 6.73 10.56 7.85 4.3 -
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 5.71 9.26 8.83 9.31 -
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 5.59 9.52 10.03 9.57 10.64
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 4.8 10.46 9.87 8.82 11.56
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 4.05 17.01 10.37 6.84 12.27
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 3.3 - - - -
ITI Banking and Financial Services Fund -Regular Plan - Growth Option 06-12-2021 2.25 - - - -
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 2.2 8.96 6.4 3.61 9.51
Mirae Asset Banking and Financial Services Fund Regular Growth 25-12-2020 2.02 9.6 - - -

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

12.13%

Others

5.94%

Large Cap

74.94%

Mid Cap

6.98%

Scheme Documents

There are no scheme documents available

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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