May 31, 2025
mayank
ICICI Prudential Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 34.1555
NAV IDCW Quarterly: Rs 13.0884
Suitable For Which Investors?
Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
The Scheme seeks to generate income through predominantly investing in Debt instruments of banks, Public Sector.
Fund Manager:
1) Manish Banthia
Education: Mr. Banthia is B.Com, CA and MBA
Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC – Fixed Income Investments – Aug 2007 to Oct 2009, ICICI Prudential AMC – New Product Development – Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. – From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. – From May 2004 to May 2005.
2) Rohit Lakhotia
Education: Mr. Lakhotia has done B.Tech from NIT(Rourkela) and MBA from National Institute of Industrial Engineering
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Yes Bank and Samsung Electronics
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Banking & PSU Debt Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 8.30% |
| Benchmark | Nifty Banking & PSU Debt Index A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 10,447 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.39% |
| (As on 30-Apr-2025) | |
| Risk Grade | Low |
| Return Grade | High |
Trailing Returns (%) of ICICI Prudential Banking & PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Banking & PSU Debt Dir | 4.68 | -0.02 | 1.01 | 3.57 | 5.35 | 9.62 | 8.24 | 7.11 | 7.84 | 8.02 |
| CCIL T Bill Liquidity Weight | 2.35 | -0.01 | 0.46 | 1.48 | 2.66 | 5.18 | 4.48 | 3.48 | 3.73 | 3.94 |
| Debt: Banking and PSU | 4.96 | -0.03 | 1.11 | 3.92 | 5.54 | 9.93 | 7.92 | 6.64 | 7.66 | 7.71 |
| Rank within category | 18 | 9 | 17 | 17 | 16 | 16 | 2 | 2 | 7 | 1 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 16 | 16 | 13 |
Peer Comparison of ICICI Prudential Banking & PSU Debt 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 | |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 9.62 | 8.24 | 7.11 | 0.39 | 10,447 | 8.30 | — | 12Y 4M |
| Bandhan Banking & PSU Debt Dir | 4 star | 9.37 | 7.61 | 6.55 | 0.33 | 13,560 | 7.89 | — | 12Y 2M |
| Axis Banking & PSU Debt Dir | 4 star | 9.68 | 7.53 | 6.48 | 0.35 | 13,313 | 7.95 | — | 12Y 4M |
| ABSL Banking & PSU Debt Dir | 4 star | 10.17 | 8.01 | 6.90 | 0.39 | 8,826 | 8.58 | — | 12Y 4M |
| HDFC Banking and PSU Debt Dir | 4 star | 10.13 | 8.04 | 6.98 | 0.39 | 6,007 | 8.16 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 112 | 62 |
| Macaulay Duration (yrs) | 3.41 | 3.6 |
| Average Maturity (yrs) | 5.45 | 5.06 |
| Yield to Maturity (%) | 6.98 | 6.81 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Banking & PSU Debt Fund
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