ICICI Prudential Banking & PSU Debt Fund - Direct Plan

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Value Research Rating

5 star

Analyst’s Choice

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Riskometer

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Moderate

₹32.3165 0.02%

As on 13-Nov-2024

Returns

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Calculate SIP Returns of ICICI Prudential Banking & PSU Debt Fund - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Moderate risk.

Low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Banking & PSU Debt Fund - Direct Plan

Asset Allocation

Split between different types of investments

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Credit Rating Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential Banking & PSU Debt Fund - Direct Plan

Assets info

₹9,047 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

500

Min. SIP Investment (₹)

100

Min. No of Cheques

6

Investment Strategy

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

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."

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • If investment is made before 1 April 2023:
    • Sold within 2 years from the date of investment: Gains are added to the investors' income and taxed according to the applicable slab rate.
    • Sold after 2 years from the date of investment: Gains are taxed at the rate of 12.5%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

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.
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FAQ for ICICI Prudential Banking & PSU Debt Fund - Direct Plan

ICICI Prudential Banking & PSU Debt Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Banking & PSU Debt 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 & PSU Debt Fund - Direct Plan is ₹32.3165 as of 14-Nov-2024.

The AUM of ICICI Prudential Banking & PSU Debt Fund - Direct Plan Fund is ₹9,047 Cr as of 31-Oct-2024

The riskometer level of ICICI Prudential Banking & PSU Debt Fund - Direct Plan is Moderate. See More

Company Percentage of Portfolio

GOI GOI FRB 22/09/2033

7.88

GOI Sec 7.10 08/04/2034

7.30

Small Industries Devp. Bank of India Ltd SR III Debenture 7.25 31/07/2025

6.06

HDFC Bank Ltd SR US006 Debenture 7.75 13/06/2033

4.25

State Bank of India SR II Additional Tier 2 Bo 6.24

3.69
See More

As of 31-Oct-2024, ICICI Prudential Banking & PSU Debt Fund - Direct Plan had invested 98.45% in Debt and 1.55% in Cash & Cash Eq. See More

ICICI Prudential Banking & PSU Debt Fund - Direct Plan is 11 years 10 months old. It has delivered 8.19% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
8.20%
6.61%
7.09%
7.21%
7.95%
8.19%

No, There is no lock in period in ICICI Prudential Banking & PSU Debt Fund - Direct Plan.

The expense ratio of ICICI Prudential Banking & PSU Debt Fund - Direct Plan is 0.39.