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3 star

ICICI Prudential Banking and Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.57 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.13 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 31.75 0.59 2.63 5.51 7.35 20.93 78.42 16.35 13.59 15.64 18.37
S&P BSE Bankex TRI 21.85 0.78 2.44 7.67 9.12 16.52 83.01 16.16 14.73 14.17 15.62
Equity: Sectoral-Banking 23.23 0.67 2.45 6.51 7.31 15.56 77.06 13.50 11.13 10.44 10.65
Rank within category 4 19 18 25 24 3 15 6 10 3 1
Number of funds in category 28 30 30 30 28 28 25 18 17 11 8

As on 27-Sep-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 78.42 16.35 13.59 2.03 5,097
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 69.56 18.91 16.66 1.97 2,889
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 66.79 18.94 15.33 2.26 810
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 75.99 19.91 13.94 2.58 430
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 81.60 14.65 14.22 0.18 9,359

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 16.11 34.09 0.35 0.38 0.98 1.21
S&P BSE Bankex TRI 15.12 33.61 0.33 0.40 -- --
Equity: Sectoral-Banking 12.89 33.81 0.28 0.32 0.96 -1.83
Rank within category 4 11 6 8 9 6
Number of funds in category 18 18 18 18 18 18

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

As on 31-Aug-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 29
Top 10 Stocks (%) 76.59
Top 5 Stocks (%) 61.57
Top 3 Sectors (%) 95.50
Portfolio P/B Ratio 2.18
Portfolio P/E Ratio 20.69

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,55,095 2,72,908
Giant (%) 65.05 75.38
Large (%) 5.73 9.16
Mid (%) 19.71 13.20
Small (%) 9.50 2.97
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 27.26 17.28 6.02 17.28
equal ICICI Bank Financial 24.84 16.91 9.24 16.91
equal State Bank of India Financial 15.88 12.85 5.33 9.89
equal Axis Bank Financial 28.62 10.56 0.00 9.76
up HDFC Financial 25.14 7.73 0.00 7.73
equal Cholamandalam Financial Holdings Financial 18.78 4.79 0.00 4.06
equal SBI Life Insurance Company Insurance 93.94 4.55 1.50 3.64
equal Max Financial Services Financial 109.60 3.34 0.00 2.68
down LIC Housing Fin. Financial 11.76 5.46 1.29 2.35
equal The Federal Bank Financial 10.55 4.15 2.26 2.30
down Angel One Financial 28.56 2.86 0.00 1.88
equal Motilal Oswal Financial Financial 9.52 4.97 0.00 1.84
equal HDFC Financial 25.14 1.72
down CreditAccess Grameen Financial 98.72 2.68 1.14 1.72
equal ICICI Securities Financial 20.39 3.42 0.00 1.55
up JM Financial Financial 12.70 2.06 0.00 1.50
equal Bank of Baroda Financial 12.03 7.24 0.00 1.43
equal ICICI Lombard General Insurance Company Insurance 62.47 3.22 0.00 1.14
up Equitas Holdings Financial 9.69 2.36 0.61 1.13
up RBL Bank Financial -- 1.76 0.00 1.07
equal DCB Bank Financial 9.83 2.63 0.91 1.06
equal Karur Vysya Bank Financial 10.38 3.10 0.82 1.03
equal UTI Asset Management Co. Financial 24.90 0.91 0.00 0.91
equal Indusind Bank Financial 25.53 2.74 0.00 0.80
equal Repco Home Finance Ltd. Financial 7.62 1.18 0.00 0.73

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-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:


0.59%

Change from previous, NAV as on 27-Sep-2021

Growth: ₹ 86.7200

IDCW: ₹ 37.5600


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: 17.92%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 5,097 Cr (As on 31-Aug-2021)
Expense: 2.03% (As on 31-Aug-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 45.00%

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

Upcoming Video

Viewpoint

The Case for ESG Investing

DateThursday, 30-Sep-2021
Time04:00 PM - 04:30 PM