ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth

ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth is a debt fund. This fund was started on 6 September, 2010. The fund is managed by Manish Banthia. This fund is suitable to keep your money safe.

1. ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth has ₹10588 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth has given a CAGR return of 8.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.52%, 6.86% and 7.99% respectively.

ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Bank For Agriculture And Rural Development, HDFC Bank Limited, 7.34% Govt Stock 2064, State Bank Of India, LIC Housing Finance Ltd

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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 for lump sum payment is INR 5000.00 and for SIP is INR 0.00. ICICI Prudential Banking and PSU Debt Fund Retail Plan Growth has no lock in period.