ICICI Prudential Banking and Financial Services Fund Direct Growth

ICICI Prudential Banking and Financial Services Fund Direct Growth

Equity

Direct

Sector - Financial Services

NAV as on 11-12-2024

₹ 139.84

-0.1%

1D

Inception Returns

16.3%

/yr

About ICICI Prudential Banking and Financial Services Fund Direct Growth

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 ₹8850 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

ICICI Prudential Banking and Financial Services Fund Direct Growth has given a CAGR return of 16.25% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.38%, 14.68% and 13.86% 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, Axis Bank Ltd, Kotak Mahindra Bank Ltd, Bajaj Finance Ltd

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2134 people have invested ₹ 1.6Cr in ICICI Prudential Banking and Financial Services Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential Banking and Financial Services Fund Direct Growth

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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

ICICI Prudential Banking and Financial Services Fund Direct Growth Overview

Expense ratio1.02%
Benchmark
S&P BSE BANKEX INR
AUM₹8850 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
50.25%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Dec-24)

Period
ICICI Prudential Banking and Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
1.9%
3.4%
3.2%
3M
1.8%
-0.7%
4.2%
6M
11.1%
6.9%
7.6%
1Y
18.4%
24.4%
14.6%
3Y
14.7%
15.5%
16.3%
5Y
13.9%
19.4%
14%

Fund Distribution

as on (31-Oct-24)

  • Equity 94.8%

  • Debt & Cash 5.2%

Large cap
73.6%

Mid cap
12.7%

Small cap
7.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
99.6%
Industrial
0.2%
Tech
0.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-3.44%
4.33%
1.04%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -3.44% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 3.08% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 8.9K Cr
₹ 8.9K Cr
₹ 8.2K Cr
  • AUM of the fund stands at 8.9K Cr as of Oct'24
  • AUM decreased by 48.5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
IndusInd Bank Ltd's allocation increased from 2.34% to 4.42%
IndusInd Bank Ltd's allocation increased from 2.34% to 4.42%
Bajaj Finance Ltd's allocation increased from 3.13% to 4.87%
Bajaj Finance Ltd's allocation increased from 3.13% to 4.87%
ICICI Bank Ltd's allocation increased from 18.46% to 18.84%
ICICI Bank Ltd's allocation increased from 18.46% to 18.84%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 6.39 % to 5.99 %
Axis Bank Ltd's allocation decreased from 6.39 % to 5.99 %
Kotak Mahindra Bank Ltd's allocation decreased from 6.13 % to 5.75 %
Kotak Mahindra Bank Ltd's allocation decreased from 6.13 % to 5.75 %
SBI Life Insurance Co Ltd's allocation decreased from 5.28 % to 4.67 %
SBI Life Insurance Co Ltd's allocation decreased from 5.28 % to 4.67 %
Mid Cap allocation has gone down from 12% to 11.1%
Mid Cap allocation has gone down from 12% to 11.1%
Large Cap allocation has gone up from 73.4% to 76.7%
Large Cap allocation has gone up from 73.4% to 76.7%
Small Cap allocation has gone down from 7.4% to 6.8%
Small Cap allocation has gone down from 7.4% to 6.8%
Cash allocation has gone down from 5.2% to 4.6%
Cash allocation has gone down from 5.2% to 4.6%

Top Sector in October was Financial Services

Oct'24
Financial Services
100%
Sep'24
Financial Services
100%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
40
43
41
Top 5 Company Concentration
57.6%
58.2%
61.2%
Company having highest exposure
HDFC Bank Ltd (22.1%)
HDFC Bank Ltd (21.9%)
HDFC Bank Ltd (23.4%)
No of Sectors
3
3
4
Top 5 Sectors Concentration
100%
100%
101.4%
Sector having highest exposure
Financial Services (99.6%)
Financial Services (99.6%)
Financial Services (99.5%)
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Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 18.14% return, outperforming this fund by 4.28% per annum.
Insights icon
This fund with AUM at ₹8850.46Cr is among the largest funds in the sector - financial services category.
Insights icon
Over the last 6 months, this fund has experienced a 24.5% growth in AUM moving from 7.10K Cr to 8.85K Cr.
Insights icon
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 29.65% return, outperforming this fund by 11.27%.
Insights icon
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 21.63% return, outperforming this fund by 6.95% per annum.
Insights icon
Over the last 3 months, this fund has decreased expense ratio by 1.9% moving from 1.04 to 1.02.

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 16.25% since inception which is less than its category average return of 16.74%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.78% in Equity, 0% in Debt and 5.22% in Cash related instruments
AUM size ₹8850 Cr

AUM size ₹8850 Cr

This fund has AUM of ₹8850 Cr which is more than its category average of ₹ 1749 Cr
Expense Ratio 1.02%

Expense Ratio 1.02%

This fund has an expense ratio of 1.02% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions for ICICI Prudential Banking and Financial Services Fund Direct Growth

The current NAV of ICICI Prudential Banking and Financial Services Fund Direct Growth is ₹139.84 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
ICICI Prudential Banking and Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.86%
1.86%
6 Month Returns
11.13%
11.13%
1 Year Returns
18.38%
18.38%
3 Years Returns
50.84%
14.68%
5 Years Returns
91.35%
13.86%
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1.02% as on November 2024
₹8850 Cr as on November 2024
HDFC Bank Ltd(22.13%), ICICI Bank Ltd(18.84%), Axis Bank Ltd(5.99%), Kotak Mahindra Bank Ltd(5.75%), Bajaj Finance Ltd(4.87%) as on November 2024
Financial Services(94.45%), Industrial(0.17%), Tech(0.16%) as on November 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
1.62
3.67
1.24
As on November 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
0.85
0.87
1.02
As on November 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
1.1
0.7
0.41
As on November 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
11.64
13.25
26.27
As on November 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 1.25 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.71 as on November 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%