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3 star

ICICI Prudential Banking and Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.71 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.35 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 38.12 -0.56 2.27 4.83 10.53 27.75 71.89 19.68 14.30 15.75 19.10
S&P BSE Bankex TRI 30.63 -1.12 3.84 7.21 18.38 26.17 65.18 20.05 16.29 14.34 16.49
Equity: Sectoral-Banking 32.30 -0.60 3.21 7.08 16.06 25.73 66.73 17.71 12.59 10.82 11.91
Rank within category 4 10 28 25 29 4 4 7 10 3 1
Number of funds in category 28 30 30 30 29 28 26 18 17 11 8

As on 27-Oct-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 71.89 19.68 14.30 2.04% 5,101
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 57.57 23.31 17.67 1.97% 2,948
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 53.48 22.29 16.48 2.46% 821
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 61.07 23.24 14.85 2.62% 444
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 65.26 18.25 15.80 0.18% 9,710

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 21.08 32.80 0.52 0.55 0.97 1.55
S&P BSE Bankex TRI 20.07 32.71 0.49 0.59 -- --
Equity: Sectoral-Banking 18.06 32.68 0.45 0.53 0.96 -1.30
Rank within category 3 9 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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 73.01
Top 5 Stocks (%) 57.69
Top 3 Sectors (%) 92.12
Portfolio P/B Ratio 2.27
Portfolio P/E Ratio 20.94

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,49,998 2,75,046
Giant (%) 63.46 75.18
Large (%) 5.85 8.20
Mid (%) 22.43 14.99
Small (%) 8.27 4.08
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 26.59 17.28 6.02 17.15
down ICICI Bank Financial 27.30 16.91 10.37 16.14
down Axis Bank Financial 24.14 10.56 0.00 9.24
down State Bank of India Financial 18.53 12.85 5.33 7.79
down HDFC Financial 26.14 7.73 0.00 7.37
equal Cholamandalam Financial Holdings Financial 18.73 4.79 0.00 4.08
equal SBI Life Insurance Company Insurance 91.93 4.55 1.50 3.71
up Max Financial Services Financial 106.68 3.34 0.00 2.80
equal The Federal Bank Financial 11.84 4.15 2.26 2.38
down LIC Housing Fin. Financial 15.02 5.46 1.29 2.36
equal Motilal Oswal Financial Financial 10.29 4.97 0.00 1.94
down Angel One Financial 24.27 2.86 0.00 1.92
up ICICI Lombard General Insurance Company Insurance 58.64 3.22 0.00 1.76
equal HDFC Financial 26.14 1.71
equal CreditAccess Grameen Financial 96.33 2.68 1.14 1.56
equal Bank of Baroda Financial 15.54 7.24 0.00 1.51
equal JM Financial Financial 12.10 2.06 0.00 1.50
down ICICI Securities Financial 19.18 3.42 0.00 1.47
equal Equitas Holdings Financial 10.05 2.36 0.61 1.16
equal Karur Vysya Bank Financial 11.58 3.10 0.82 1.12
up Manappuram Finance Financial 9.62 1.61 0.00 1.11
equal DCB Bank Financial 10.15 2.63 0.91 1.05
equal UTI Asset Management Co. Financial 24.24 0.91 0.00 0.81
equal Repco Home Finance Ltd. Financial 6.58 1.18 0.00 0.76
down RBL Bank Financial -- 1.76 0.00 0.62

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-Sep-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:


-0.56%

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

Growth: ₹ 90.9100

IDCW: ₹ 39.3700


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: 18.22%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 5,101 Cr (As on 30-Sep-2021)
Expense: 2.04% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 51.00%

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

Investors' Hangout

The investment mindset: These women show the way

DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM