ICICI Prudential Banking and Financial Services Fund Direct Growth

Equity
Direct
Sector - Financial Services
ICICI Prudential Banking and Financial Services Fund Direct Growth

About the Fund

ICICI Prudential Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Banking and Financial Services Fund Direct Growth has ₹7671 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

ICICI Prudential Banking and Financial Services Fund Direct Growth has given a CAGR return of 16.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.68%, 14.04% and 14.13% respectively.

Holdings

ICICI Prudential Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, SBI Life Insurance Company Limited

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ICICI Prudential Banking and Financial Services Fund Direct Growth

To generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Banking and Financial Services Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2373 people have invested ₹ 2Cr in ICICI Prudential Banking and Financial Services Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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Among most bought funds within the category
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

Fund Overview

Expense ratio1.05%
Benchmark
S&P BSE BANKEX INR
AUM₹7671 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
50.25%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Large cap
80.9%

Small cap
9.6%

Mid cap
6.4%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
99.1%
Industrial
0.7%
Tech
0.2%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 2.4% growth in AUM moving from 7.48K Cr to 7.67K Cr.
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Over the last 1 month, this fund has increased expense ratio by 4.0% moving from 1.01 to 1.05.
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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.96% return, outperforming this fund by 5.83% per annum.
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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.99% return, outperforming this fund by 7.94% per annum.
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In the last 1 year, Quant BFSI Fund Direct Growth has given 62.84% return, outperforming this fund by 43.16%.

ICICI Prudential Banking and Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.37% since inception which is less than its category average return of 16.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.15% in Equity, 0% in Debt and 1.85% in Cash related instruments
AUM size ₹7671 Cr

AUM size ₹7671 Cr

This fund has AUM of ₹7671 Cr which is more than its category average of ₹ 1656 Cr
Expense Ratio 1.05%

Expense Ratio 1.05%

This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of ICICI Prudential Banking and Financial Services Fund Direct Growth is ₹133.54 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
ICICI Prudential Banking and Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.38%
2.38%
6 Month Returns
16.81%
16.81%
1 Year Returns
19.68%
19.68%
3 Years Returns
48.31%
14.04%
5 Years Returns
93.68%
14.13%
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1.05% as on June 2024
₹7671 Cr as on June 2024
HDFC Bank Ltd(26.17%), ICICI Bank Ltd(20.18%), Kotak Mahindra Bank Ltd(6.91%), Axis Bank Ltd(6.07%), SBI Life Insurance Company Limited(5.15%) as on June 2024
Financial Services(97.22%), Industrial(0.7%), Tech(0.23%) as on June 2024
The alpha ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Banking and Financial Services Fund Direct Growth
5.69
2.56
0.62
As on June 2024
The alpha for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Banking and Financial Services Fund Direct Growth
0.8
0.82
1.02
As on June 2024
The Beta for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Banking and Financial Services Fund Direct Growth
1.22
0.68
0.4
As on June 2024
The sharpe ratio for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Banking and Financial Services Fund Direct Growth
11.54
13.95
26.71
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.12 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.25 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ICICI Prudential Banking and Financial Services Fund Direct Growth is 1%