January 13, 2026
RA Jainee
ICICI Prudential Banking and Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 156.28 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 77.59 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 11,154 Cr |
| (As on 31-Dec-2025) | |
| Expense | 1.00% |
| 1 Year Return (%) | 19.14 |
| 3 Year Return (%) | 16.09 |
| 5 Year Return (%) | 15.53 |
| 10 Year Return (%) | 16.67 |
| Return Since Launch | 15.69% |
⚖️ Sahifund Review – ICICI Prudential Banking and Financial Services Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to maximize long term capital gains by investing in equity and equity related securities of banking, financial and non-banking financial companies that form a part of Banking and Financial Services Industry. A large share of the assets of the scheme will be invested in the stocks comprising the benchmark, BSE Bankex Index.
Fund Manager:
1) Roshan Chutkey
Education: Roshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School.
Experience: He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 15 days |
Basic Details of ICICI Prudential Banking and Financial Services Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.69% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 11,154 Cr |
| (As on 31-Dec-2025) | |
| Expense | 1.00% |
| (As on 31-Dec-2025) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 48.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Banking & Financial Services Dir | -0.27 | 0.20 | -0.68 | 2.76 | 2.53 | 19.14 | 16.09 | 15.53 | 13.06 | 16.67 |
| BSE Bankex TRI | 0.15 | 0.37 | 0.30 | 4.68 | 5.35 | 21.86 | 12.73 | 13.54 | 12.34 | 14.76 |
| Equity: Sectoral-Banking | -0.40 | 0.22 | 0.13 | 4.57 | 5.03 | 22.49 | 17.30 | 15.86 | 14.74 | 16.32 |
| Rank within category | 19 | 24 | 32 | 33 | 31 | 29 | 13 | 7 | 9 | 5 |
| Number of funds in category | 40 | 40 | 40 | 39 | 37 | 33 | 18 | 13 | 11 | 11 |
Peer Comparison of ICICI Prudential Banking and Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Banking & Financial Services Dir | 3 star | 19.14 | 16.09 | 15.53 | 1.00 | 11,154 | 15.69 | 1.00 (15) | 13Y | 48.00 |
| SBI Banking & Financial Services Dir | 4 star | 26.24 | 21.31 | 17.03 | 0.73 | 10,106 | 16.18 | 0.50 (30) | 10Y 10M | 93.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 21.55 | 18.40 | 19.91 | 0.96 | 7,778 | 14.56 | 1.00 (30) | 13Y | 23.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 24.90 | 19.22 | 17.00 | 0.55 | 2,216 | 18.40 | 1.00 (365) | 5Y 1M | 40.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 22.40 | 20.57 | 17.91 | 0.76 | 1,661 | 14.51 | 0.50 (30) | 13Y | 36.30 |
Portfolio Analysis of ICICI Prudential Banking and Financial Services Fund
| No. of Stocks | 41 |
| Top 10 Stocks | 72.49% |
| Top 5 Stocks | 57.14% |
| Top 3 Sectors | 96.55% |
| Portfolio P/B Ratio | 2.67 |
| Portfolio P/E Ratio | 19.48 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,75,642 | 3,40,790 |
| Giant (%) | 66.61 | 62.76 |
| Large (%) | 12.31 | 20.99 |
| Mid (%) | 13.49 | 14.52 |
| Small (%) | 7.59 | 6.88 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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