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ICICI Prudential Banking and Financial Services Fund - Direct Plan

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Value Research Rating

4 star

Analyst’s Choice

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Riskometer

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Very High

₹118.1000 0.55%

As on 08-Dec-2023

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.

Returns

This fund's returns are currently better than the category average.

This fund’s holdings are mostly in Large Cap stocks and in debt instruments, which means it’s following
a conservative investment strategy. Last updated 2 days ago. Learn More

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Calculate SIP Returns of ICICI Prudential Banking and Financial Services Fund - Direct Plan

Upfront Investment

₹

Monthly SIP Amount

₹

Investment Duration

years
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Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

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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 flexi-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.

Portfolio of ICICI Prudential Banking and Financial Services Fund - Direct Plan

This fund's portfolio is largely conservative

This fund’s holdings are mostly in Large Cap stocks and in debt instruments, which means it’s following a
conservative investment strategy. Last updated 2 days ago.Learn More

Asset Allocation

Split between different types of investments

Market Cap Weightage

Split between categories of Equity investments

Portfolio Breakdown arrow

Taxation

Capital Gains Taxation

  • 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.

Dividend Taxation

  • 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.

Peer Comparison

This fund compares better than its peers in most aspects.

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Other details of ICICI Prudential Banking and Financial Services Fund - Direct Plan

Assets info

₹6,740 Cr

Exit Load (Days) info

1.00 (15)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

1

Min. SIP Investment (₹)

100

Min. No of Cheques

6

More Details arrow

Latest news on ICICI Prudential Banking and Financial Services Fund - Direct Plan

dividend-declared-in-three-schemes-of-icici-prudential-mutual-fund

Dividend Declared in Three Schemes of ICICI Prudential Mutual Fund

1 min read

monthly-sip-amount-changes-in-schemes-of-icici-prudential-mutual-fund

Monthly SIP Amount changes in Schemes of ICICI Prudential Mutual Fund

1 min read

exit-load-change-in-seven-schemes-of-icici-prudential-mutual-fund

Exit Load change in Seven Schemes of ICICI Prudential Mutual Fund

1 min read

changing-goal-posts

Changing goal posts

4 min read•By Kumar Shankar Roy

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FAQ for ICICI Prudential Banking and Financial Services Fund - Direct Plan

ICICI Prudential Banking and Financial Services Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Banking and Financial Services Fund - Direct Plan fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Banking and Financial Services Fund - Direct Plan is ₹118.1000 as of 09-Dec-2023.

The AUM of ICICI Prudential Banking and Financial Services Fund - Direct Plan Fund is ₹6,740 Cr as of 31-Oct-2023

The riskometer level of ICICI Prudential Banking and Financial Services Fund - Direct Plan is Very High. See More

Company Percentage of Portfolio
HDFC Bank
20.86
ICICI Bank
17.90
State Bank Of India
8.55
Axis Bank
8.07
Kotak Mahindra Bank
6.49
See More

As of 31-Oct-2023, ICICI Prudential Banking and Financial Services Fund - Direct Plan had invested 93.44% in Equity, 4.65% in Cash & Cash Eq. and 1.91% in Debt See More

ICICI Prudential Banking and Financial Services Fund - Direct Plan is 10 years 11 months old. It has delivered 15.96% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
15.86%
19.16%
13.93%
14.69%
18.11%
15.96%

No, There is no lock in period in ICICI Prudential Banking and Financial Services Fund - Direct Plan.

The expense ratio of ICICI Prudential Banking and Financial Services Fund - Direct Plan is 1.03.

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