ICICI Prudential Banking and Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 22-10-2024
₹ 137.58
1D
Inception Returns
16.4%
/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
- ICICI Prudential Banking and Financial Services Fund Direct Growth has ₹8899 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
ICICI Prudential Banking and Financial Services Fund Direct Growth has given a CAGR return of 16.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.14%, 12.51% and 15.47% 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, SBI Life Insurance Co 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 benefitDividends 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
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2163 people have invested ₹ 1.5Cr 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
Powered by IND quant engine
IND ranking is not available for this fund.
Among most bought funds within the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
ICICI Prudential Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 1.02% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹8899 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 50.25% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
73.4%
Mid cap
12%
Small cap
7.4%
Sector Allocation
Financial Services
99.6%
Industrial
0.2%
Tech
0.2%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 4.33% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 2.29% in Sep'24
- AUM of the fund stands at 8.9K Cr as of Sep'24
- AUM increased by 723.1 Cr between Sep'24 and Aug'24
Top Stocks bought last month
Star Health and Allied Insurance Co Ltd's allocation increased from 0.52% to 2.04%
State Bank of India's allocation increased from 2.94% to 4.19%
Axis Bank Ltd's allocation increased from 6.06% to 6.39%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 23.43 % to 21.91 %
ICICI Bank Ltd's allocation decreased from 19.4 % to 18.46 %
Kotak Mahindra Bank Ltd's allocation decreased from 6.41 % to 6.13 %
Small Cap allocation has gone down from 7.7% to 7.4%
Mid Cap allocation has gone up from 5.2% to 12%
Large Cap allocation has gone down from 79% to 73.4%
Cash allocation has gone down from 7.2% to 5.2%
Top 2 Sectors in September were Financial Services, Government
Sep'24
Financial Services
100%
Aug'24
Financial Services
100%
Government
1%
See all
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Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-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
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 17.62% return, outperforming this fund by 5.11% per annum.
Over the last 6 months, this fund has increased expense ratio by 1.0% moving from 1.01 to 1.02.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 38.68% return, outperforming this fund by 12.54%.
Over the last 6 months, this fund has experienced a 18.8% growth in AUM moving from 7.48K Cr to 8.89K Cr.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.11% return, outperforming this fund by 3.65% per annum.
ICICI Prudential Banking and Financial Services Fund Direct 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 16.41% since inception which is more than its category average return of 16.13%
Fund Allocations
This fund has an allocation of 94.77% in Equity, 0% in Debt and 5.23% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 1756 Cr
Expense Ratio 1.02%
This fund has an expense ratio of 1.02% which is less than its category average expense ratio of 1.37%
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 ₹137.58 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
ICICI Prudential Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.94% | -3.94% |
6 Month Returns | 14.81% | 14.81% |
1 Year Returns | 26.14% | 26.14% |
3 Years Returns | 42.42% | 12.51% |
5 Years Returns | 105.24% | 15.47% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.02% as on September 2024
₹8899 Cr as on September 2024
HDFC Bank Ltd(21.91%), ICICI Bank Ltd(18.46%), Axis Bank Ltd(6.39%), Kotak Mahindra Bank Ltd(6.13%), SBI Life Insurance Co Ltd(5.28%) as on September 2024
Financial Services(94.35%), Industrial(0.21%), Tech(0.21%) as on September 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 | 6.72 | 4.17 | 1.9 |
As on September 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 | 0.78 | 0.89 | 1.02 |
As on September 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 | 1.8 | 0.68 | 0.52 |
As on September 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 | 10.75 | 13.98 | 26.26 |
As on September 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 September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.88 as on September 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%