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Unrated

ICICI Prudential Bank ETF


1 Lakh

Investment declined to
₹ 0.70 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.02 Lakh

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 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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(₹)
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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 -35.26 2.57 -4.74 -9.09 -2.48 13.25 -29.61 -- -- -- --
S&P BSE Bankex TRI -35.05 2.37 -4.87 -9.16 -2.58 11.70 -28.64 -- -- -- --
Equity: Sectoral-Banking -33.51 2.40 -4.76 -8.97 -2.41 13.35 -27.67 -- -- -- --
Rank within category 15 10 14 16 19 16 13 -- -- -- --
Number of funds in category 23 25 25 24 23 23 22 17 15 10 8

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Bank ETF  | Invest Now
Unrated
Jul-19 -29.61 -- -- 0.16 607
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -17.39 1.50 10.74 2.13 1,525
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -19.23 -2.23 -- 2.59 468
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -30.16 -4.91 3.98 0.18 5,918
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -30.18 -4.95 4.06 0.18 5,085

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.69 (26-May-2020 - 02-Jun-2020) -26.55 (16-Mar-2020 - 23-Mar-2020)
Month 28.81 (22-May-2020 - 23-Jun-2020) -45.55 (20-Feb-2020 - 23-Mar-2020)
Quarter 32.25 (26-May-2020 - 25-Aug-2020) -47.89 (23-Dec-2019 - 23-Mar-2020)
Year -10.95 (29-Aug-2019 - 28-Aug-2020) -31.37 (25-Sep-2019 - 24-Sep-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 4.37 29.19 -0.03 -0.03 -- --
Equity: Sectoral-Banking* 0.23 30.19 -0.14 -0.18 0.98 -4.15
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 97.66
Top 5 Stocks (%) 87.09
Top 3 Sectors (%) 99.10
Portfolio P/B Ratio 1.73
Portfolio P/E Ratio 32.29

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,23,810 1,70,368
Giant (%) 87.88 75.06
Large (%) 6.96 9.64
Mid (%) 5.16 13.91
Small (%) -- 4.05
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 HDFC Bank Financial 20.29 32.99 25.76 25.76
up ICICI Bank Financial 24.38 20.41 18.61 19.41
up Axis Bank Financial 78.06 16.13 11.53 16.13
down Kotak Mahindra Bank Financial 29.64 16.63 12.62 14.64
down State Bank of India Financial 7.69 12.49 9.27 11.14
down Indusind Bank Financial 11.62 7.87 3.50 5.21
down Bandhan Bank Financial 15.42 2.10 0.00 1.69
down Federal Bank Financial 6.11 1.63 1.32 1.51
down RBL Bank Financial 22.20 1.41 0.92 1.24
down IDFC First Bank Financial -- 0.92 0.66 0.92
down Bank of Baroda Financial -- 1.08 0.77 0.81
down Punjab National Bank Financial -- 0.72 0.43 0.63
equal Yes Bank Financial -- 1.42 0.00 0.00

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-Aug-2020

Fund Manager

— Kayzad Eghlim since 03-Jul-2019

Education: Mr. Eghlim is a B.Com (H) and M Com.

Experience: Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.

Funds Managed:


2.57%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 208.6800


Investment Strategy

The scheme seeks to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.

Investment Details

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

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 10-Jul-2019
Return Since Launch: -27.33%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 607 Cr (As on 31-Aug-2020)
Expense: 0.16% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --
Turnover: 200.00%

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

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

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