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Unrated

ICICI Prudential Bank ETF


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 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 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.

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 14.59 -1.28 -0.67 -9.32 -2.38 1.41 19.08 -- -- -- --
S&P BSE Bankex TRI 13.71 -1.26 -1.11 -9.91 -2.48 1.81 18.66 -- -- -- --
Equity: Sectoral-Banking 16.96 -1.28 -0.26 -8.84 -2.13 1.66 21.57 -- -- -- --
Rank within category 12 16 25 17 7 16 13 -- -- -- --
Number of funds in category 28 30 30 30 30 28 27 18 17 11 8

As on 06-Dec-2021

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 19.08 -- -- 0.15% 3,178
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 18.54 14.98 16.79 1.96% 3,106
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 20.04 15.55 15.96 2.45% 856
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 23.31 16.41 14.00 2.55% 485
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 18.98 10.48 14.05 0.18% 10,655

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 48.49 24-Sep-2020 - 24-Dec-2020 -47.89 23-Dec-2019 - 23-Mar-2020
Year 101.90 22-May-2020 - 24-May-2021 -31.37 25-Sep-2019 - 24-Sep-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE Bankex TRI* 16.37 33.21 0.38 0.46 -- --
Equity: Sectoral-Banking* 14.91 33.09 0.36 0.42 0.96 -0.89
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 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 98.37
Top 5 Stocks (%) 87.05
Top 3 Sectors (%) 99.99
Portfolio P/B Ratio 2.51
Portfolio P/E Ratio 26.14

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,84,528 2,87,693
Giant (%) 87.05 74.70
Large (%) 5.20 10.32
Mid (%) 7.75 12.64
Small (%) -- 4.68
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
up HDFC Bank Financial 24.37 32.99 25.76 26.60
up ICICI Bank Financial 23.22 22.90 18.61 22.90
up State Bank of India Financial 14.49 13.82 9.27 13.82
up Kotak Mahindra Bank Financial 37.46 16.63 11.39 12.28
up Axis Bank Financial 20.34 16.59 11.44 11.44
up Indusind Bank Financial 18.08 7.87 3.50 5.20
up AU Small Finance Bank Financial 31.23 2.34 0.00 2.01
up Bandhan Bank Financial -- 2.75 0.00 1.49
up The Federal Bank Financial 10.36 1.63 1.30 1.47
up IDFC First Bank Financial -- 1.38 0.66 1.16
up Punjab National Bank Financial 11.25 1.11 0.43 0.94
up RBL Bank Financial -- 1.41 0.68 0.68
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-Oct-2021

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:

— Nishit Patel since 16-Jan-2021

Education: Mr. Patel is a B.Com & Chartered Accountant

Experience: ICICI Prudential Asset Management Company Limited - ETF Business - November 2018 - January 2020.

Funds Managed:


-1.28%

Change from previous, NAV as on 06-Dec-2021

Growth: ₹ 355.9962


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 10-Jul-2019
Return Since Launch: 6.32%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,178 Cr (As on 31-Oct-2021)
Expense: 0.15% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --
Turnover: 64.00%

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

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