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1 star

ICICI Prudential Banking & PSU Debt Fund - Direct Plan


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

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 6.39 -0.05 0.37 1.93 5.82 6.27 10.40 8.17 9.27 9.10 --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 3.85 4.13 4.32 4.69 --
Debt: Banking and PSU 7.25 -0.06 0.40 2.05 5.83 6.97 11.43 8.89 9.02 9.06 --
Rank within category 17 6 9 11 11 16 15 14 6 4 --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 0

As on 14-Jul-2020

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 - Direct Plan  | Invest Now
1 star
Jan-13 10.40 8.17 9.27 0.37 12,096
IDFC Banking & PSU Debt Fund - Direct Plan
4 star
Mar-13 12.92 9.82 8.96 0.30 16,967
Axis Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Jan-13 11.60 9.58 9.08 0.31 16,456
Kotak Banking and PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 11.79 9.32 9.33 0.29 7,146
Nippon India Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
May-15 12.77 9.30 9.31 0.31 5,211

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.47 (24-Mar-2020 - 31-Mar-2020) -1.80 (12-Mar-2020 - 19-Mar-2020)
Month 3.16 (24-Mar-2020 - 23-Apr-2020) -2.62 (20-Feb-2020 - 23-Mar-2020)
Quarter 5.97 (09-Apr-2020 - 10-Jul-2020) -1.45 (21-May-2013 - 20-Aug-2013)
Year 14.66 (24-Nov-2015 - 24-Nov-2016) 3.66 (12-Jun-2017 - 12-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.72 2.08 1.16 2.29 1.15 3.82
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.47 2.27 1.52 3.26 2.07 5.72
Rank within category 15 8 16 14 3 17
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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 122 122 90 77
Modified Duration (yrs) 3.41 3.41 2.36 2.95
Average Maturity (yrs) 4.84 4.84 3.63 3.75
Yield to Maturity (%) 6.03 7.51 6.03 5.47

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.33 - 14.07 9.43
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 6.49 6.49
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 4.27 4.27
equal Export-Import Bank 22/04/2021 Certificate of Deposit A1+ 0.00 - 5.11 4.00
equal 9.15% ICICI Bank Debenture AA+ 3.35 - 6.12 3.35
up 8.85% HDFC Bank 31/12/2099 Bonds AA+ 0.00 - 4.88 3.26
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 3.20 3.20
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 2.79 2.79
equal 8.75% Axis Bank Bonds/Debentures AA+ 2.72 - 4.38 2.73
down 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 4.32 2.34
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.31 2.31
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 0.00 - 2.42 2.11
equal 6.43% Chennai Petroleum Corp. 28/02/2023 Non Convertible Debenture AAA 0.00 - 2.68 1.89
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 1.86 - 4.48 1.86
equal 8.60% Export-Import Bank 30/04/2099 Bonds AA+ 0.39 - 2.01 1.75
down 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 2.40 1.68
equal Indusind Bank 25/02/2021 Certificate of Deposit A1+ 0.00 - 2.50 1.59
down 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 3.45 1.52
equal 7.49% Nat. Highways Authority 2029 Debenture AAA 0.00 - 1.69 1.46
equal 9.00% State Bank of India 2021 Bonds AA+ 1.46 - 2.34 1.46
new 8.39% State Bank of India 25/10/2024 Bonds/Debentures AA+ 0.00 - 1.34 1.34
up 8.75% Axis Bank 28/06/2022 Bonds AA+ 1.27 - 2.05 1.32
new BPCL 90-D 29/07/2020 Commercial Paper A1+ 0.00 - 1.24 1.24
equal Indusind Bank 14/01/2021 Certificate of Deposit A1+ 0.00 - 1.89 1.20
down 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 4.60 1.14

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 30-Jun-2020

Fund Manager

— Rahul Goswami since 01-Jan-2013

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:


-0.05%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 24.7337

Dividend Weekly: ₹ 10.3751

More

Dividend Quarterly: ₹ 13.2563

Dividend Half Yearly: ₹ 13.5101

Dividend Daily: ₹ 10.6981


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 (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 9.28%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 12,096 Cr (As on 30-Jun-2020)
Expense: 0.37% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Jul-20200.0063

 10-Jul-20200.0026
 09-Jul-20200.0036
 08-Jul-20200.0041
 07-Jul-20200.0066
 06-Jul-20200.0026
 03-Jul-20200.0037
 02-Jul-20200.0036
 01-Jul-20200.0025
 30-Jun-20200.0022
 29-Jun-20200.0062
 26-Jun-20200.0020
 25-Jun-20200.0055
 24-Jun-20200.0023
 23-Jun-20200.0028
 22-Jun-20200.0085
 19-Jun-20200.0071
 18-Jun-20200.0124
 17-Jun-20200.0101
 15-Jun-20200.0194
 11-Jun-20200.0045
 10-Jun-20200.0034
 09-Jun-20200.0022
 08-Jun-20200.0063
 05-Jun-20200.0070
Dividend Weekly13-Jul-20200.0641

 06-Jul-20200.0540
 29-Jun-20200.0345
 22-Jun-20200.0457
 15-Jun-20200.0202
 26-May-20200.1034
 18-May-20200.0759
 11-May-20200.0386
 04-May-20200.0027
 24-Feb-20200.0053
 17-Feb-20200.0278
 10-Feb-20200.0480
 03-Feb-20200.0192
 27-Jan-20200.0205
 20-Jan-20200.0140
 13-Jan-20200.0079
 06-Jan-20200.0113
 30-Dec-20190.0134
 23-Dec-20190.0220
 02-Dec-20190.0218
 25-Nov-20190.0194
 18-Nov-20190.0200
 04-Nov-20190.0285
 29-Oct-20190.0243
 22-Oct-20190.0213
Dividend Half Yearly20-Feb-20200.4671

 19-Aug-20190.5715
 18-Feb-20190.3232
 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-20150.2858
 13-Feb-20150.3348
Dividend Quarterly26-Dec-20190.1852

 26-Sep-20190.2461
 26-Jun-20190.2447
 28-Mar-20190.1769
 26-Dec-20180.1919
 26-Sep-20180.0004
 27-Jun-20180.0004
 27-Mar-20180.0004
 27-Dec-20170.0004
 28-Sep-20170.0004
 30-Jun-20170.0004
 29-Mar-20170.0004
 29-Dec-20160.0004
 28-Sep-20160.0004
 28-Jun-20160.0004
 28-Mar-20160.1637
 28-Dec-20150.2167
 28-Sep-20150.4695
 26-Jun-20150.0004
 26-Mar-20150.0004
 26-Dec-20140.0871
 25-Sep-20140.4249
 23-Jul-20140.1807
 23-Apr-20140.0004
 23-Jan-20140.1590

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

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM