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ICICI Prudential Banking and Financial Services Fund download report


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.61 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
ICICI Pru Banking and Financial Services-G 3.59 0.49 0.14 7.03 9.31 -0.39 0.81 10.95 6.92 11.39 16.52
S&P BSE Bankex TRI 9.27 0.83 0.78 8.60 10.72 1.19 8.39 11.67 9.93 11.08 14.56
Equity: Sectoral-Banking 6.50 0.80 0.75 8.94 10.89 0.37 5.49 9.94 6.41 8.38 10.66
Rank within category 26 31 30 33 29 27 28 7 11 2 1
Number of funds in category 31 34 33 33 33 32 30 19 17 15 10

As on 08-Aug-2022

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 0.81 10.95 6.92 1.98 4,745
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 1.56 12.53 10.92 1.94 3,129
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 4.03 13.14 9.23 2.71 498
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 -1.03 11.40 8.31 2.55 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 7.33 10.47 9.15 0.19 9,645

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
ICICI Pru Banking and Financial Services-G 15.27 33.08 0.36 0.39 0.96 0.31
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category 5 9 8 13 9 6
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 30
Top 10 Stocks (%) 71.48
Top 5 Stocks (%) 53.24
Top 3 Sectors (%) 94.18
Portfolio P/B Ratio 2.05
Portfolio P/E Ratio 16.72

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,35,371 2,40,880
Giant (%) 58.77 73.68
Large (%) 14.47 10.84
Mid (%) 18.53 13.15
Small (%) 8.24 4.52
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 20.99 18.05 12.24 18.05
down HDFC Bank Financial 20.45 18.26 8.41 16.31
down State Bank of India Financial 13.15 12.85 5.33 7.79
down SBI Life Insurance Company Insurance 82.21 6.24 1.50 5.72
down Axis Bank Financial 14.19 10.56 5.02 5.37
equal HDFC Financial 19.00 9.92 0.00 4.95
equal SBI Cards & Payments Services Financial 44.55 4.06 0.00 4.06
equal Cholamandalam Financial Holdings Financial 12.15 4.79 1.35 3.66
up The Federal Bank Financial 10.25 4.15 2.30 3.05
up ICICI Lombard General Insurance Company Insurance 41.82 3.22 0.00 2.53
new Kotak Mahindra Bank Financial 28.11 2.50 0.00 2.45
up IIFL Wealth Management Financial 23.58 2.63 0.00 2.42
up LIC Housing Fin. Financial 6.85 5.46 1.29 2.06
down CreditAccess Grameen Financial 32.16 2.68 1.14 1.76
down Max Financial Services Financial 95.15 3.34 0.00 1.63
equal HDFC Life Insurance Insurance 81.83 1.50 0.00 1.42
up Muthoot Finance Financial 11.23 5.38 0.00 1.20
up Equitas Holdings Financial 22.37 2.34 0.61 0.98
equal Karur Vysya Bank Financial 6.25 2.05 0.82 0.97
equal RBL Bank Financial 11.66 1.76 0.00 0.96
equal JM Financial Financial 7.95 2.06 0.00 0.91
equal Manappuram Finance Financial 7.76 1.57 0.00 0.89
equal HDFC Financial 19.00 0.86
down Sundaram Finance Financial 20.71 1.62 0.00 0.86
down Angel One Financial 15.69 2.86 0.00 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 30-Jun-2022

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:


0.49%

Change from previous, NAV as on 08-Aug-2022

Growth: ₹ 84.1800

IDCW: ₹ 32.9000


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 100
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. 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: 16.47%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 4,745 Cr (As on 30-Jun-2022)
Expense Ratio: 1.98% (As on 30-Jun-2022)
Risk Grade: Average
Return Grade: Average
Turnover: 58.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW16-Feb-20223.5000

 18-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

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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