July 12, 2022
mayank
ICICI Prudential Nifty Private Bank ETF Guidance
NAV Growth : Rs 176.5232
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 provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
Fund Manager :
— Kayzad Eghlim
Education : Mr. Eghlim is a B.Com (H) and M Com.
Experience : Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
— Nishit Patel
Education : Mr. Patel is a B.Com & Chartered Accountant
Experience : ICICI Prudential Asset Management Company Limited – ETF Business – November 2018 – January 2020.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. No of Cheques | — |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 09-Aug-19 |
| Return Since Launch: | 4.60% |
| Benchmark: | Nifty Private Bank TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| % Assets: | Rs 1,927 Cr |
| (As on 30-Jun-2022) | |
| Expense: | 0.15% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | 32.00% |
ICICI Prudential Nifty Private Bank ETF 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 Nifty Private Bank ETF-G | -0.85 | 1.21 | 4.44 | 1.48 | -5.92 | -7.88 | -2.54 | — | — | — | — |
| S&P BSE Bankex TRI | 1.47 | 0.86 | 4.5 | 2.72 | -4.95 | -6.56 | 3.46 | — | — | — | — |
| Equity: Sectoral-Banking | -1.25 | 0.99 | 4.46 | 2.98 | -6.11 | -8.06 | -0.08 | — | — | — | — |
| Rank within category | 14 | 3 | 17 | 31 | 18 | 17 | 21 | — | — | — | — |
| Number of funds in category | 31 | 33 | 33 | 33 | 33 | 31 | 29 | 19 | 17 | 15 | 10 |
ICICI Prudential Nifty Private Bank ETF Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Nifty Private Bank ETF | Unrated | Aug-19 | -2.54 | — | — | 0.15% | 1,927 |
| SBI Banking & Financial Services Fund – Regular Plan | 5 star | Feb-15 | -2.04 | 7.54 | 10.56 | 1.94% | 3,129 |
| Sundaram Financial Services Opportunities Fund – Regular Plan | 4 star | Jun-08 | -1.39 | 8.35 | 8.08 | 2.72% | 498 |
| Nippon India ETF Nifty Bank BeES | Unrated | May-04 | 1.57 | 4.61 | 8.4 | 0.19% | 8,705 |
| Kotak Nifty Bank ETF Fund | Unrated | Dec-14 | 1.56 | 4.58 | 8.35 | 0.18% | 6,024 |
Portfolio Analysis
| Number of Stocks | 11 |
| Top 10 Stocks (%) | 99.71 |
| Top 5 Stocks (%) | 86.17 |
| Top 3 Sectors (%) | 99.71 |
| Portfolio P/B Ratio | 2.43 |
| Portfolio P/E Ratio | 19.8 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,35,635 | 2,40,880 |
| Giant (%) | 74.81 | 73.68 |
| Large (%) | 11.61 | 10.84 |
| Mid (%) | 12.48 | 13.15 |
| Small (%) | 1.1 | 4.52 |
| Tiny (%) | — | — |
ICICI Prudential Nifty Private Bank ETF 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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