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3 star

ICICI Prudential Banking and Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.47 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 11.56 -0.81 1.86 9.56 -3.11 25.48 76.09 6.65 15.68 15.75 15.16
S&P BSE Bankex TRI 2.82 -1.44 -1.26 5.52 -9.64 13.76 71.06 7.75 14.38 13.24 12.46
Equity: Sectoral-Banking 5.67 -0.90 -0.19 6.38 -7.79 18.19 69.99 5.02 11.92 9.86 7.60
Rank within category 4 4 4 4 4 4 5 11 3 1 1
Number of funds in category 28 28 28 28 28 27 23 17 17 11 8

As on 12-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Banking and Financial Services Fund  | Invest Now
3 star
Aug-08 76.09 6.65 15.68 2.10 3,989
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 67.59 11.57 17.46 2.33 2,401
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 57.89 8.84 16.56 2.57 683
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 71.69 6.73 13.87 0.18 8,199
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 71.40 6.67 13.90 0.18 6,625

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 22.79 12-May-2009 - 19-May-2009 -27.13 16-Mar-2020 - 23-Mar-2020
Month 36.84 28-Apr-2009 - 28-May-2009 -46.54 20-Feb-2020 - 23-Mar-2020
Quarter 94.48 09-Mar-2009 - 10-Jun-2009 -46.54 24-Dec-2019 - 24-Mar-2020
Year 151.17 09-Mar-2009 - 11-Mar-2010 -44.57 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 12.00 33.87 0.22 0.25 0.98 -2.74
S&P BSE Bankex TRI 14.96 33.45 0.32 0.37 -- --
Equity: Sectoral-Banking 10.97 33.91 0.21 0.24 0.97 -3.70
Rank within category 11 9 11 12 8 11
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-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 31
Top 10 Stocks (%) 70.76
Top 5 Stocks (%) 53.18
Top 3 Sectors (%) 96.18
Portfolio P/B Ratio 1.82
Portfolio P/E Ratio 17.55

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 94,702 2,35,800
Giant (%) 56.36 75.37
Large (%) 7.40 8.94
Mid (%) 20.52 13.33
Small (%) 15.72 5.82
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 ICICI Bank Financial 22.48 16.00 7.87 15.65
up HDFC Bank Financial 24.03 15.20 5.41 11.65
equal State Bank of India Financial 13.87 12.85 5.33 10.48
up Axis Bank Financial 29.18 10.56 0.00 10.39
equal LIC Housing Fin. Financial 7.86 5.46 1.29 5.00
equal Cholamandalam Financial Holdings Financial 13.59 4.79 0.00 4.35
up HDFC Financial 23.31 5.86 0.00 4.02
equal SBI Life Insurance Company Financial 67.13 4.55 0.81 3.28
equal Motilal Oswal Financial Financial 8.37 4.97 0.00 2.99
down Max Financial Services Financial 92.95 3.34 0.00 2.94
equal Federal Bank Financial 10.81 4.15 2.26 2.90
down SBI Cards & Payments Services Financial 92.63 2.15 0.00 2.07
equal HDFC Financial 23.31 1.93
up CreditAccess Grameen Financial 67.88 2.68 0.00 1.90
down ICICI Securities Financial 14.96 3.42 0.00 1.84
equal ICICI Lombard General Insurance Company Financial 45.48 3.22 0.00 1.74
down Angel Broking Financial 18.18 1.82 0.00 1.65
down JM Financial Financial 12.80 2.06 0.00 1.62
equal Karur Vysya Bank Financial 13.13 3.10 0.82 1.46
up RBL Bank Financial 21.19 1.76 0.00 1.36
equal DCB Bank Financial 8.91 2.63 0.91 1.34
equal Repco Home Finance Ltd. Financial 7.23 1.18 0.00 1.05
equal Bank of Baroda Financial 13.94 7.24 0.00 0.78
equal Equitas Holdings Financial 20.26 2.36 0.61 0.78
up Can Fin Homes Financial 14.88 0.98 0.00 0.67

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-Apr-2021

Fund Manager

— Roshan Chutkey since 29-Jan-2018

Education: Roshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School.

Experience: He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry.

Funds Managed:


-0.63%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 72.9700

IDCW: ₹ 31.6000


Investment Strategy

The scheme seeks to maximize long term capital gains by investing in equity and equity related securities of banking, financial and non-banking financial companies that form a part of Banking and Financial Services Industry. A large share of the assets of the scheme will be invested in the stocks comprising the benchmark, BSE Bankex Index.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 15 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 22-Aug-2008
Return Since Launch: 16.96%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,989 Cr (As on 30-Apr-2021)
Expense: 2.10% (As on 31-Mar-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 50.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW18-Feb-20213.5000

 14-Feb-20203.0989
 20-Feb-20192.6562
 16-Feb-20184.8000
 23-Feb-20173.2000
 19-Feb-20161.0000
 27-Feb-20153.0000
 21-Feb-20141.0000
 22-Feb-20132.0000
 24-Sep-20100.5000

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

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over