ICICI Prudential Banking and Financial Services Fund Direct Plan Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 122.11 as on 23-04-2024
Fund Performance
2529 people have invested ₹ 2.1Cr in ICICI Prudential Banking and Financial Services Fund Direct Plan Growth in the last three months
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 1.01% which is lower than the category average expense ratio of 1.03%.
Over the last 6 months, this fund has decreased expense ratio by 5.6% moving from 1.07 to 1.01.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 40.65% return, outperforming this fund by 15.67%.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.78% return, outperforming this fund by 6.78% per annum.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 24.18% return, outperforming this fund by 6.65% per annum.
INDmoney Rank of ICICI Prudential Banking and Financial Services Fund Direct Plan Growth
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IND ranking is not available for this fund.
Pros
Among most bought funds within the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
Cons
5Y returns in the bottom 25% of the category
About the ICICI Prudential Banking and Financial Services Fund Direct Plan Growth
ICICI Prudential Banking and Financial Services Fund Direct Plan 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
- ICICI Prudential Banking and Financial Services Fund Direct Plan Growth has ₹7490 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 1.
ICICI Prudential Banking and Financial Services Fund Direct Plan Growth Overview
 | 1.01% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹7490 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 50.25% |
ICICI Prudential Banking and Financial Services Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
76.9%
Mid cap
8.9%
Small cap
8.9%
Sector Allocation
Financial Services
98.9%
Industrial
0.8%
Tech
0.3%
Top Holdings of ICICI Prudential Banking and Financial Services Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings31
Debt Holdings2
ICICI Prudential Banking and Financial Services Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.77% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.24% in Mar'24
AUM Change
- AUM of the fund stands at 7.5K Cr as of Mar'24
- AUM increased by 134.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Banking and Financial Services Fund Direct Plan Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Muthoot Finance Ltd | 23.5% |
 Bajaj Finance Ltd | 12% |
 HDFC Life Insurance Company Ltd | 1.4% |
Peer Analysis
ICICI Prudential Banking and Financial Services Fund Direct Plan Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.84% since inception which is more than its category average return of 15.58%
Fund Allocations
This fund has an allocation of 94.76% in Equity, 0% in Debt and 5.24% in Cash related instruments
AUM size ₹7490 Cr
This fund has AUM of ₹7490 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 1.01%
This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions
The current NAV of ICICI Prudential Banking and Financial Services Fund Direct Plan Growth is ₹122.11 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
ICICI Prudential Banking and Financial Services Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.91% | 2.91% |
6 Month Returns | 11.95% | 11.95% |
1 Year Returns | 24.98% | 24.98% |
3 Years Returns | 62.34% | 17.53% |
5 Years Returns | 76.28% | 12.01% |
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1.01% as on March 2024
₹7490 Cr as on March 2024
HDFC Bank Ltd(21%), ICICI Bank Ltd(19.24%), Kotak Mahindra Bank Ltd(6.66%), Axis Bank Ltd(5.84%), SBI Life Insurance Company Limited(5.02%) as on March 2024
Financial Services(93.71%), Industrial(0.78%), Tech(0.27%) as on March 2024
The alpha ratio for the ICICI Prudential Banking and Financial Services Fund Direct Plan 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 Plan Growth | 9.35 | 4.58 | 0.24 |
As on March 2024
The alpha for ICICI Prudential Banking and Financial Services Fund Direct Plan 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 Plan 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 Plan Growth | 0.73 | 0.86 | 1.02 |
As on March 2024
The Beta for ICICI Prudential Banking and Financial Services Fund Direct Plan 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 Plan 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 Plan Growth | 1.67 | 0.68 | 0.36 |
As on March 2024
The sharpe ratio for ICICI Prudential Banking and Financial Services Fund Direct Plan 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 Plan 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 Plan Growth | 10.03 | 14.75 | 26.6 |
As on March 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 1.2 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.66 as on March 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 Plan Growth is 1%