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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
Expense Ratio: 0.76% As on (31-12-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 100.0
Total Assets: 7,161.85 Cr As on (31-12-2022)
Turn over: - | Exit Load: Nil
NAV as on 03-02-2023

27.2184

0 (0.0136%)

CAGR Since Inception

7.95%

S&P BSE India Financials Bond Index 8.83%

PERFORMANCE

Returns Type:
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Start :  
End : 
Period:  
This Scheme
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vs
S&P BSE India Financials Bond Index
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Gold
-
PPF
-
Returns Type:
of  : 
  Period:  

Start :  
Period:  

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 1.83
Sharpe Ratio 1.14
Alpha 2.7
Beta 0.55
Yield to Maturity 7.63
Average Maturity 7.51

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 5.35 4.59 5.76 6.77 7.87
UTI Banking & PSU Debt Fund- Regular Plan - Growth Option 05-01-2014 10.91 7.01 7.2 5.54 -
ITI Banking & PSU Debt Fund - Regular Plan - Growth Option 23-10-2020 4.73 4.58 - - -
Edelweiss Banking and PSU Debt Fund - Regular Plan - Growth Option 06-09-2013 4.52 4.56 6.41 7.77 -
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan-Growth 05-04-2008 4.28 4.3 5.88 7.03 8.26
Aditya Birla Sun Life Banking & PSU Debt Fund - Retail Plan-Growth 19-04-2002 4.28 4.3 5.88 7.03 8.22
Kotak Banking and PSU Debt - Growth 29-12-1998 4.2 4.3 5.75 7.1 7.87
Axis Banking & PSU Debt Fund - Regular Plan - Growth option 01-06-2012 4.19 4.08 5.42 6.96 7.68
HDFC Banking and PSU Debt Fund - Growth Option 03-03-2014 4.1 4.05 5.63 6.77 -
IDFC-IDFC Banking & PSU Debt Fund - Regular Growth 07-03-2013 4.02 4.11 5.74 7.32 -

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

100.01%

Scheme Documents

There are no scheme documents available

Tax Benefits of investing in this fund

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

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

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **

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.

** The DDT is to be paid by the mutual fund

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