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3 star

ICICI Prudential Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.85 0.03 0.21 0.70 2.09 2.16 6.83 8.42 8.06 8.44 8.68
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 3.79 4.24 4.62
Debt: Banking and PSU 1.59 0.03 0.24 0.65 2.29 1.88 6.43 8.71 7.95 8.13 8.50
Rank within category 3 11 9 6 14 3 6 13 10 4 2
Number of funds in category 21 22 22 22 22 20 18 17 14 13 3

As on 14-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
3 star
Jan-10 6.83 8.42 8.06 0.80 13,920
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 6.70 9.75 8.10 0.62 18,547
Axis Banking & PSU Debt Fund
5 star
Jun-12 6.20 9.06 8.15 0.62 17,077
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 7.15 9.10 8.42 0.68 15,320
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 6.87 9.28 8.35 0.76 9,714

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.46 24-Mar-2020 - 31-Mar-2020 -1.80 12-Mar-2020 - 19-Mar-2020
Month 3.12 24-Mar-2020 - 23-Apr-2020 -2.66 20-Feb-2020 - 23-Mar-2020
Quarter 5.85 09-Apr-2020 - 10-Jul-2020 -1.46 21-May-2013 - 20-Aug-2013
Year 14.36 24-Nov-2015 - 24-Nov-2016 3.33 12-Jun-2017 - 12-Jun-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.00 1.98 1.87 3.57 1.05 4.51
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Banking and PSU 8.34 2.42 1.82 3.29 2.05 5.62
Rank within category 13 3 12 6 1 16
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 180 180 110 88
Modified Duration (yrs) 2.60 3.41 1.56 --
Average Maturity (yrs) 5.14 5.14 2.66 --
Yield to Maturity (%) 5.57 6.50 4.70 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 10.37 10.37
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 1.32 - 3.40 5.17
up 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 4.78 4.78
equal NTPC 182-D 09/08/2021 Commercial Paper A1+ 0.00 - 3.57 3.57
equal 8.85% HDFC Bank Additional Tier 1 Bond AA+ 2.82 - 3.36 3.36
equal 9.15% ICICI Bank Additional Tier 1 Bond AA+ 2.70 - 3.35 2.97
equal 4.60% National Bank Agr. Rur. Devp 29/07/2024 Debenture AAA 0.00 - 3.08 2.70
new 6.63% Hindustan Petroleum Corporation 2031 Debenture AAA 0.00 - 2.16 2.16
equal 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 2.12 2.12
equal 7.99% State Bank of India Additional Tier 2 Bond AAA 1.62 - 1.91 1.79
equal IDFC First Bank 28/09/2021 Certificate of Deposit A1+ 0.00 - 1.78 1.78
equal IDFC First Bank 29/09/2021 Certificate of Deposit A1+ 0.00 - 1.77 1.77
equal 8.60% Export-Import Bank Additional Tier 1 Bond AA+ 1.38 - 1.75 1.71
equal 6.43% Chennai Petroleum Corporation 28/02/2023 Non Convertible Debenture AAA 1.51 - 1.89 1.69
equal 8.39% State Bank of India Additional Tier 1 Bond AA+ 1.11 - 1.53 1.53
equal 5.35% National Housing Bank 2024 Debenture AAA 0.00 - 1.45 1.45
equal 8.55% ICICI Bank Additional Tier 1 Bond AA+ 0.13 - 1.29 1.44
equal 9.95% Food Corporation of India 2022 Bonds AAA 0.20 - 1.42 1.31
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 1.17 - 1.52 1.30
equal 6.39% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 2.13 1.27
new 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 1.23 1.23
equal 6.58% Gujarat State 31/03/2027 State Development Loan SOV 0.00 - 1.23 1.23
equal 8.45% REC 22/03/2022 Debenture AAA 0.84 - 1.19 1.19
equal 6.18% Gujarat State 31/03/2026 State Development Loan SOV 0.00 - 1.14 1.14
equal Power Finance Corporation 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 1.07 1.07

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

*As on 30-Apr-2021

Fund Manager

— Chandni Gupta since 15-Jan-2015

Education: She holds B.E. degree in IT and CFA degree from CFA Institute, USA.

Experience: Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.

Funds Managed:

— Rahul Goswami since 17-Sep-2012

Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)

Experience: Prior to joining ICICI Prudential AMC he has worked with UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Funds Managed:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 25.3797

IDCW Weekly: ₹ 10.2522

More

IDCW Quarterly: ₹ 10.7798

IDCW Half Yearly: ₹ 13.0191

IDCW Daily: ₹ 10.1061


Investment Strategy

The Scheme seeks to generate income through predominantly investing in Debt instruments of banks, Public Sector

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2010
Return Since Launch: 8.47%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 13,920 Cr (As on 31-May-2021)
Expense: 0.80% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.0054

 10-Jun-20210.0014
 09-Jun-20210.0035
 08-Jun-20210.0007
 07-Jun-20210.0045
 04-Jun-20210.0015
 03-Jun-20210.0016
 02-Jun-20210.0017
 01-Jun-20210.0057
 28-May-20210.0003
 27-May-20210.0033
 25-May-20210.0014
 24-May-20210.0061
 20-May-20210.0026
 19-May-20210.0023
 18-May-20210.0020
 17-May-20210.0081
 11-May-20210.0016
 10-May-20210.0046
 07-May-20210.0028
 05-May-20210.0025
 03-May-20210.0042
 30-Apr-20210.0014
 29-Apr-20210.0014
 28-Apr-20210.0023
IDCW Weekly14-Jun-20210.0217

 07-Jun-20210.0234
 24-May-20210.0158
 17-May-20210.0118
 10-May-20210.0100
 03-May-20210.0312
 26-Apr-20210.0215
 12-Apr-20210.0171
 05-Apr-20210.0121
 30-Mar-20210.0072
 11-Jan-20210.0054
 04-Jan-20210.0175
 28-Dec-20200.0138
 21-Dec-20200.0051
 07-Dec-20200.0180
 01-Dec-20200.0174
 23-Nov-20200.0193
 17-Nov-20200.0246
 09-Nov-20200.0135
 26-Oct-20200.0382
 19-Oct-20200.0176
 12-Oct-20200.0679
 05-Oct-20200.0091
 07-Sep-20200.0128
 03-Aug-20200.0122
IDCW Half Yearly22-Feb-20210.3277

 17-Aug-20200.5778
 20-Feb-20200.4399
 19-Aug-20190.5433
 18-Feb-20190.3002
 16-Aug-20180.0004
 16-Feb-20180.0004
 16-Aug-20170.0004
 16-Feb-20170.0004
 16-Aug-20160.0004
 15-Feb-20160.0004
 13-Aug-20150.2486
IDCW Quarterly28-Dec-20200.2541

 21-Sep-20200.7017
 26-Dec-20190.1493
 26-Sep-20190.2002
 26-Jun-20190.2006
 28-Mar-20190.1420
 26-Dec-20180.1560
 26-Sep-20180.1037
 27-Jun-20180.0085
 27-Mar-20180.0915
 27-Dec-20170.0249
 28-Sep-20170.1073
 30-Jun-20170.2249
 29-Mar-20170.0524
 29-Dec-20160.1667
 28-Sep-20160.2807
 28-Jun-20160.1765
 28-Mar-20160.1593
 28-Dec-20150.1446
 28-Sep-20150.1764
 26-Jun-20150.1159
 26-Mar-20150.1667
 26-Dec-20140.1983
 25-Sep-20140.1061
 23-Jul-20140.1726

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Investors' Hangout

Your investment strategy after the debt fund fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM