ICICI Prudential Banking and PSU Debt Fund Direct Growth

ICICI Prudential Banking and PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 02-12-2024

₹ 32.47

0.2%

1D

Inception Returns

8.2%

/yr

About ICICI Prudential Banking and PSU Debt Fund Direct Growth

ICICI Prudential Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 14 March, 2013. The fund is managed by Manish Banthia. This fund is suitable to keep your money safe.

Key Parameters

  1. ICICI Prudential Banking and PSU Debt Fund Direct Growth has ₹9114 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

ICICI Prudential Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.44%, 6.68% and 7.02% respectively.

Holdings

ICICI Prudential Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.93% Govt Stock 2033, Small Industries Development Bank Of India, HDFC Bank Limited, State Bank Of India

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of ICICI Prudential Banking and PSU Debt Fund Direct Growth

To generate income through predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be 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 500.00 and for SIP is INR 100.00. ICICI Prudential Banking and PSU Debt Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
797 people have invested ₹ 86.5L in ICICI Prudential Banking and PSU Debt Fund Direct Growth in the last three months

ICICI Prudential Banking and PSU Debt Fund Direct Growth Overview

Expense ratio0.39%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹9114 Cr
Inception Date14 March, 2013
Min Lumpsum/SIP₹500/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
194.85%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (02-Dec-24)

Period
ICICI Prudential Banking and PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.8%
0.6%
3M
2%
1.7%
6M
4.2%
3.7%
1Y
8.4%
7.7%
3Y
6.7%
5.6%
5Y
7%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
95.6%

AA
4.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
60.1%
Government
33.5%
Cash Equivalent
6.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 9K Cr
₹ 8.9K Cr
₹ 9.2K Cr
  • AUM of the fund stands at 9K Cr as of Oct'24
  • AUM increased by 116.9 Cr between Oct'24 and Sep'24
Cash allocation has gone down from 6.5% to 6.4%
Cash allocation has gone down from 6.5% to 6.4%
Debt allocation has gone up from 93.2% to 93.4%
Debt allocation has gone up from 93.2% to 93.4%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
60%
Government
33%
Sep'24
Corporate
63%
Government
33%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
7.68%
78.3%
7.93% Govt Stock 2033
7.93% Govt Stock 2033
6.66%
-6.7%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.19%
-4.3%
HDFC Bank Limited
HDFC Bank Limited
4.22%
0%
State Bank Of India
State Bank Of India
3.67%
0%
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Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Banking and PSU Debt Fund Direct Growth, since 13 September 2024
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 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.42% return, outperforming this fund by 1.74% per annum.
Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.4% return, outperforming this fund by 0.38% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.39% which is lower than the category average expense ratio of 0.55%.
Insights icon
In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.39% return, outperforming this fund by 0.95%.

ICICI Prudential Banking and PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 8.2% since inception which is more than its category average return of 5.85%
AUM size ₹9114 Cr

AUM size ₹9114 Cr

This fund has AUM of ₹9114 Cr which is more than its category average of ₹ 3593 Cr
Expense Ratio 0.39%

Expense Ratio 0.39%

This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for ICICI Prudential Banking and PSU Debt Fund Direct Growth

The current NAV of ICICI Prudential Banking and PSU Debt Fund Direct Growth is ₹32.47 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
ICICI Prudential Banking and PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.22%
4.22%
1 Year Returns
8.44%
8.44%
3 Years Returns
21.41%
6.68%
5 Years Returns
40.37%
7.02%
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.
0.39% as on November 2024
₹9114 Cr as on November 2024
7.1% Govt Stock 2034(7.68%), 7.93% Govt Stock 2033(6.66%), Small Industries Development Bank Of India(5.19%), HDFC Bank Limited(4.22%), State Bank Of India(3.67%) as on November 2024
Corporate(61.19%), Government(31.82%), Cash Equivalent(6.99%) as on November 2024
Yield to Maturity is 7.54 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.75 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
95.57
AA
4.43
Manish Banthia is the fund manager of ICICI Prudential Banking and PSU Debt Fund Direct Growth
The Exit load of ICICI Prudential Banking and PSU Debt Fund Direct Growth is 0%