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ICICI Prudential Banking and PSU Debt Fund - Growth

Fund House: ICICI Prudential Mutual Fund
Category: Debt: Banking and PSU
Launch Date: 01-01-2010
Asset Class: Fixed Income
Benchmark: CRISIL Banking and PSU Debt
TER: 0.76% As on (31-07-2023)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 100.0
Total Assets: 8,337.97 Cr As on (31-08-2023)
Turn over: - | Exit Load: Nil
NAV as on 27-09-2023

28.6088

0.01 (0.0199%)

CAGR Since Inception

7.95%

Benchmark: 8.83%

PERFORMANCE

Returns Type:
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This Scheme
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S&P BSE India Financials Bond Index
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Gold
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PPF
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RETURNS ANALYSIS

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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
8 Years 3 Months
There is no value for 4x
There is no value for 5x
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 generate regular income through investments in a basket of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSU) with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.

Current Asset Allocation (%)

Indicators

Standard Deviation 1.14
Sharpe Ratio 1.0
Alpha 3.37
Beta 1.4
Yield to Maturity 7.71
Average Maturity 4.17

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 PSU Debt Fund - Growth 01-01-2010 7.38 5.32 5.62 7.14 7.87
Edelweiss Banking and PSU Debt Fund - Regular Plan - Growth Option 06-09-2013 7.36 4.07 5.11 8.07 7.89
UTI Banking & PSU Debt Fund- Regular Plan - Growth Option 05-01-2014 7.09 7.96 6.63 5.68 -
Kotak Banking and PSU Debt - Growth 29-12-1998 6.98 4.75 5.11 7.41 7.72
Franklin India Banking & PSU Debt Fund - Growth 05-04-2014 6.96 4.55 4.83 7.22 -
Nippon India Banking & PSU Debt Fund- Growth Plan- Growth Option 10-05-2015 6.95 4.49 4.88 7.32 -
Sundaram Banking and PSU Debt Fund Regular Plan - Growth 30-12-2004 6.93 4.33 4.11 6.4 6.91
Sundaram Banking and PSU Debt Fund Retail Plan - Growth 30-12-2004 6.93 4.31 4.1 6.39 6.46
Aditya Birla Sun Life Banking & PSU Debt Fund - Retail Plan-Growth 19-04-2002 6.89 4.73 5.08 7.22 8.09
HDFC Banking and PSU Debt Fund - Growth Option 03-03-2014 6.89 4.61 5.0 7.22 -

Scheme Characteristics

Minimum investment in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Others

100.02%

Scheme Documents

August 2023

Monthly Portfolio Disclosure - August 2023

Tax Benefits of investing in this fund

Capital gains will be deemed as short-term capital gains (STCG) for units acquired on or after April 1, 2023 and will be taxed at the applicable income tax slab rate**.

Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.

** Capital gains on sale of units acquired on or before March 31, 2023 & redeemed on or after April 1, 2023 will be taxed as below:

Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months.

In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months.

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