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ICICI Prudential Nifty Bank Index Fund download report


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
ICICI Pru Nifty Bank Index Fund-G -- 1.47 2.67 -1.77 -5.05 -- -- -- -- -- --
S&P BSE Bankex TRI -- 1.30 2.48 -2.29 -4.27 -- -- -- -- -- --
Equity: Sectoral-Banking -- 1.52 2.89 -1.47 -5.78 -- -- -- -- -- --
Rank within category -- 24 26 24 15 -- -- -- -- -- --
Number of funds in category 31 33 33 33 33 31 28 18 17 15 9

As on 24-Jun-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Nifty Bank Index Fund  | Invest Now
Unrated
Mar-22 -- -- -- 1.00% 45
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -6.60 5.73 9.83 1.94% 3,237
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 -4.91 6.60 7.18 2.72% 513
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 -8.47 4.31 6.54 2.51% 410
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -2.88 2.91 7.36 0.19% 9,431

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.16 28-Mar-2022 - 04-Apr-2022 -7.00 09-Jun-2022 - 16-Jun-2022
Month 13.94 07-Mar-2022 - 06-Apr-2022 -11.29 13-Apr-2022 - 13-May-2022
Quarter 7.16 07-Mar-2022 - 06-Jun-2022 -10.19 17-Mar-2022 - 16-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
ICICI Pru Nifty Bank Index Fund-G -- -- -- -- -- --
S&P BSE Bankex TRI* 10.95 32.61 0.23 0.28 -- --
Equity: Sectoral-Banking* 8.84 32.57 0.18 0.20 0.96 -1.78
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-May-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.13
Top 5 Stocks (%) 85.07
Top 3 Sectors (%) 99.97
Portfolio P/B Ratio 2.06
Portfolio P/E Ratio 17.68

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,43,873 2,55,966
Giant (%) 85.10 73.45
Large (%) 9.03 12.30
Mid (%) 5.88 11.83
Small (%) -- 4.70
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 19.76 28.31 27.10 27.57
up ICICI Bank Financial 19.77 23.71 22.14 23.71
up Kotak Mahindra Bank Financial 27.88 12.29 11.57 12.29
up State Bank of India Financial 11.46 11.29 10.80 10.80
up Axis Bank Financial 13.79 11.67 10.69 10.69
up Indusind Bank Financial 13.02 5.59 5.40 5.40
up AU Small Finance Bank Financial 34.36 2.69 2.46 2.46
up Bandhan Bank Financial 366.41 1.99 1.90 1.96
up Bank of Baroda Financial 6.58 1.85 1.56 1.66
up The Federal Bank Financial 9.54 1.69 1.58 1.58
up IDFC First Bank Financial 145.24 1.08 1.01 1.01
up Punjab National Bank Financial 8.43 0.92 0.83 0.83

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-May-2022

Fund Manager

— Kayzad Eghlim since 10-Feb-2022

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 10-Feb-2022

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

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

Funds Managed:


1.47%

Change from previous, NAV as on 24-Jun-2022

Growth: ₹ 9.4961

IDCW: ₹ 9.4960


Investment Strategy

The scheme seeks to invest in companies whose securities are included in Nifty Bank Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Bank Index in the same weightage that they represent in Nifty Bank Index.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 02-Mar-2022
Return Since Launch: -5.04%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 45 Cr (As on 31-May-2022)
Expense: 1.00% (As on 31-May-2022)
Risk Grade: --
Return Grade: --
Turnover: 10.00%

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Fax: 022-26528100

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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