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ICICI Prudential Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.92 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • 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 10% (effectively 11.648%, 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 -6.87 -3.55 -6.74 -6.59 -6.96 7.49 12.43 10.82 12.51 18.73 --
S&P BSE Bankex TRI -8.88 -3.65 -5.92 -5.31 -7.67 7.97 11.65 12.98 8.87 15.16 --
Equity: Sectoral-Banking -6.79 -3.49 -6.15 -5.21 -5.62 8.76 16.24 11.63 10.15 14.83 --
Rank within category 7 9 13 12 10 9 10 7 2 1 --
Number of funds in category 13 13 13 13 13 12 12 11 8 7 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 13.06 (04-Sep-2013 - 11-Sep-2013) -10.42 (17-Aug-2015 - 24-Aug-2015)
Month 24.35 (07-May-2014 - 06-Jun-2014) -16.26 (23-Jul-2013 - 22-Aug-2013)
Quarter 49.63 (21-Feb-2014 - 23-May-2014) -26.63 (29-May-2013 - 28-Aug-2013)
Year 101.31 (30-Jan-2014 - 30-Jan-2015) -22.59 (12-Feb-2015 - 12-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.49 18.06 0.60 0.82 0.94 -0.16
S&P BSE Bankex TRI 17.41 18.00 0.65 0.92 -- --
Equity: Sectoral-Banking 16.36 17.62 0.62 0.86 0.89 0.20
Rank within category 5 7 7 6 7 6
Number of funds in category 11 11 11 11 11 11

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 31
Top 10 Stocks (%) 63.16
Top 5 Stocks (%) 43.28
Top 3 Sectors (%) 98.26
Portfolio P/B Ratio 1.70
Portfolio P/E Ratio 20.03

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 65,880 2,10,056
Giant (%) 44.58 74.03
Large (%) 15.93 10.72
Mid (%) 29.44 12.56
Small (%) 10.04 4.61
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 33.85 14.82 7.87 12.90
up HDFC Bank Financial 24.57 10.55 5.41 9.79
up State Bank of India Financial 23.02 10.32 5.89 8.38
up Axis Bank Financial 41.06 6.11 0.00 6.11
equal Bank of Baroda Financial -- 7.24 0.00 6.10
equal Bajaj Finserv Financial 35.97 6.12 2.28 5.50
down M&M Financial Services Financial 13.97 4.57 0.00 4.32
equal Federal Bank Financial 10.22 5.49 2.26 3.84
equal Muthoot Finance Financial 12.42 3.59 1.96 3.12
equal ICICI Prudential Life Insurance Co. Ltd. Financial 58.80 3.25 0.00 3.10
down SBI Life Insurance Company Financial 65.93 4.55 0.00 2.69
up LIC Housing Fin. Financial 6.04 3.47 0.59 2.68
equal Cholamandalam Financial Holdings Financial 10.85 2.59 0.00 2.59
up DCB Bank Financial 13.68 3.28 0.91 2.54
equal Motilal Oswal Financial Financial 18.91 2.48 0.00 2.48
equal ICICI Securities Financial 30.22 2.36 0.00 2.36
down CreditAccess Grameen Financial 31.82 2.48 0.00 1.95
down Max Financial Services Financial 49.87 2.47 0.00 1.55
equal General Insurance Corporation of India Financial -- 2.11 0.00 1.51
up Equitas Holdings Financial 15.91 2.89 1.45 1.50
down Sundaram Finance Financial 14.69 2.05 1.42 1.43
equal Karur Vysya Bank Financial 15.75 3.10 0.00 1.37
down ICICI Lombard General Insurance Financial 49.20 2.36 0.00 1.35
up South Indian Bank Financial 5.29 3.12 1.18 1.28
equal Karnataka Bank Financial 4.22 2.31 0.00 1.16

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-Jan-2020

Fund Manager

— Roshan Chutkey since 29-Jan-2018

Education: Roshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School.

Experience: He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry.

Funds Managed:


-3.55%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 69.7300

Dividend: ₹ 50.1800


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 16.48%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 3,615 Cr (As on 31-Jan-2020)
Expense: 1.28% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 44.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-Feb-20203.0989

 20-Feb-20192.6562
 16-Feb-20184.8000
 23-Feb-20173.2000
 27-Feb-20151.0000

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

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