July 5, 2022
mayank
ICICI Prudential Banking and Financial Services Fund Guidance
NAV Growth : Rs 83.9000
NAV IDCW : Rs 53.5800
Suitable For Which Investors ?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
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 :
— 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. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 15 days |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 14.38% |
| Benchmark: | NIFTY Financial Services TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 4,885 Cr |
| (As on 31-May-2022) | |
| Expense: | 1.13% |
| (As on 31-May-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
| Turnover: | 56.00% |
ICICI Prudential Banking and Financial Services Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Banking and Financial Services Direct-G | -5.55 | 1.17 | 1.16 | -2.78 | -10.62 | -8.57 | -4.1 | 4.15 | 7.25 | 11.57 | — |
| S&P BSE Bankex TRI | -2.9 | 1.08 | 0.4 | -3.94 | -10.96 | -6.54 | -0.44 | 3.76 | 8.6 | 9.39 | — |
| Equity: Sectoral-Banking | -6.37 | 1.15 | 0.72 | -3.3 | -11.69 | -9.38 | -3.88 | 4.32 | 7.35 | 9.62 | — |
| Rank within category | 6 | 10 | 2 | 5 | 4 | 7 | 7 | 7 | 6 | 2 | — |
| Number of funds in category | 16 | 18 | 18 | 18 | 18 | 16 | 15 | 12 | 11 | 10 | 0 |
ICICI Prudential Banking and Financial Services Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Banking and Financial Services Fund | 3 star | Jan-13 | -4.1 | 4.15 | 7.25 | 1.13% | 4,885 |
| SBI Banking & Financial Services Fund | 5 star | Feb-15 | -4.36 | 6.77 | 11.4 | 0.80% | 3,237 |
| Tata Banking and Financial Services Fund | 4 star | Dec-15 | -6.37 | 5.42 | 8.65 | 0.68% | 962 |
| Sundaram Financial Services Opportunities Fund | 4 star | Jan-13 | -2.35 | 7.27 | 8.8 | 1.18% | 513 |
| Nippon India Banking & Financial Services Fund | 2 star | Jan-13 | 0.07 | 3.76 | 6.64 | 1.37% | 3,213 |
Portfolio Analysis
| Number of Stocks | 30 |
| Top 10 Stocks (%) | 74.36 |
| Top 5 Stocks (%) | 56.31 |
| Top 3 Sectors (%) | 96.59 |
| Portfolio P/B Ratio | 2.15 |
| Portfolio P/E Ratio | 17.68 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,39,663 | 2,55,966 |
| Giant (%) | 58.11 | 73.45 |
| Large (%) | 14.4 | 12.3 |
| Mid (%) | 18.96 | 11.83 |
| Small (%) | 8.53 | 4.7 |
| Tiny (%) | — | — |
ICICI Prudential Banking and Financial Services Fund Guidance by Chanakya :
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
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