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ICICI Prudential Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.40 2.16 1.56 -0.53 1.47 4.16 9.35 7.29 8.33 8.67 8.63
CCIL T Bill Liquidity Weight* 1.04 0.23 0.17 0.47 1.03 1.92 4.21 4.16 4.44 4.78 4.74
Debt: Banking and PSU* 2.08 2.59 2.24 0.02 2.12 4.56 9.65 7.73 8.03 8.31 8.43
Rank within category* 18 16 18 18 18 13 13 15 7 2 2
Number of funds in category* 19 19 19 19 19 18 17 16 13 7 3

As on 27-Mar-2020

* As on 29-Mar-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.56 (20-Mar-2020 - 27-Mar-2020) -1.80 (12-Mar-2020 - 19-Mar-2020)
Month 3.10 (04-Nov-2016 - 06-Dec-2016) -2.66 (20-Feb-2020 - 23-Mar-2020)
Quarter 5.27 (25-Aug-2016 - 24-Nov-2016) -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 7.46 1.81 1.02 1.79 3.86 7.85
CCIL T Bill Liquidity Weight 4.06 0.27 -5.85 -10.16 -- --
Debt: Banking and PSU 7.63 2.00 1.13 2.22 4.26 8.64
Rank within category 14 7 14 13 5 13
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 29-Feb-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 109 113 84 71
Modified Duration (yrs) 2.43 2.82 1.98 2.74
Average Maturity (yrs) 3.71 4.48 3.24 3.61
Yield to Maturity (%) 6.71 8.45 6.71 6.57

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 13.34 13.34
equal 9.15% ICICI Bank Debenture AA+ 4.51 - 7.58 4.60
up 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 4.81 4.17
equal 8.75% Axis Bank Bonds/Debentures AA+ 2.72 - 4.26 3.73
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 3.07 2.87
down 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 4.60 2.66
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 4.80 2.45
new 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 2.23 2.23
new Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.10 2.10
equal 9.00% State Bank of India 2021 Bonds AA+ 1.87 - 2.78 1.98
equal Bank of Baroda 17/03/2020 Certificate of Deposit A1+ 0.00 - 2.81 1.95
down 8.62% National Bank Agr. Rur. Devp 14/03/2034 Debenture AAA 1.79 - 4.36 1.79
up 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 1.77 1.77
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 1.59 1.59
equal Axis Bank 13/01/2021 Certificate of Deposit A1+ 0.00 - 1.59 1.59
new Indusind Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 1.59 1.59
equal 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.50 - 2.54 1.53
equal Andhra Bank 26/03/2020 Certificate of Deposit A1+ 0.00 - 1.39 1.39
equal Axis Bank 30/10/2020 Certificate of Deposit A1+ 0.00 - 1.52 1.34
equal National Bank Agr. Rur. Devp 14/01/2021 Commercial Paper A1+ 0.00 - 1.33 1.33
equal 8.03% Power Finance Corp. 2026 Bonds AAA 1.12 - 1.94 1.16
equal 8.35% REC 13/03/2022 Debenture AAA 0.00 - 1.15 1.15
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 1.41 1.13
equal SIDBI 20/01/2021 Commercial Paper A1+ 0.00 - 1.06 1.06
new National Bank Agr. Rur. Devp 18/02/2021 Certificate of Deposit A1+ 0.00 - 1.06 1.06

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 29-Feb-2020

Fund Manager

— Chandni Gupta since 15-Jan-2015

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

Experience: She is working with ICICI since October 2012 as Fixed Income Dealer. Prior to that, she has worked with Morgan Stanley, HSBC Bank and 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:


2.16%

Change from previous, NAV as on 27-Mar-2020

Growth: ₹ 23.1198

Dividend Weekly: ₹ 10.1941

More

Dividend Quarterly: ₹ 10.7237

Dividend Half Yearly: ₹ 12.7146

Dividend Daily: ₹ 10.1254

Bonus: ₹ 15.8590


Investment Strategy

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

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2010
Return Since Launch: 8.53%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 8,955 Cr (As on 29-Feb-2020)
Expense: 0.82% (As on 29-Feb-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Mar-20200.0119

 06-Mar-20200.0065
 05-Mar-20200.0082
 04-Mar-20200.0096
 02-Mar-20200.0115
 26-Feb-20200.0068
 24-Feb-20200.0115
 17-Feb-20200.0055
 14-Feb-20200.0011
 13-Feb-20200.0159
 11-Feb-20200.0030
 10-Feb-20200.0037
 07-Feb-20200.0027
 06-Feb-20200.0030
 05-Feb-20200.0014
 04-Feb-20200.0014
 03-Feb-20200.0060
 30-Jan-20200.0041
 27-Jan-20200.0038
 24-Jan-20200.0030
 23-Jan-20200.0021
 22-Jan-20200.0014
 21-Jan-20200.0017
 20-Jan-20200.0047
 17-Jan-20200.0023
Dividend Weekly24-Feb-20200.0046

 17-Feb-20200.0268
 10-Feb-20200.0468
 03-Feb-20200.0183
 27-Jan-20200.0196
 20-Jan-20200.0132
 13-Jan-20200.0072
 06-Jan-20200.0105
 30-Dec-20190.0126
 23-Dec-20190.0198
 02-Dec-20190.0210
 25-Nov-20190.0184
 18-Nov-20190.0184
 04-Nov-20190.0276
 29-Oct-20190.0233
 22-Oct-20190.0204
 14-Oct-20190.0079
 07-Oct-20190.0060
 09-Sep-20190.0120
 03-Sep-20190.0066
 26-Aug-20190.0323
 13-Aug-20190.0018
 05-Aug-20190.0162
 29-Jul-20190.0015
 22-Jul-20190.0028
Dividend Half Yearly20-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
Dividend Quarterly26-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
 23-Apr-20140.1777
 23-Jan-20140.1549

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: 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

Last Session

Investors' Hangout

5 ways to deal with market panic

dateFriday, 20-Mar-2020
time12:30 PM - 01:00 PM

Registration Over