Equity
Direct
Sector - Financial Services
NAV as on 06-09-2024
₹ 137.05
1D
Inception Returns
16.4%
/yr
ICICI Prudential Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
ICICI Prudential Banking and Financial Services Fund Direct Growth has given a CAGR return of 16.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.83%, 13.85% and 16.25% respectively.
ICICI Prudential Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government, Tech, Industrial. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, SBI Life Insurance Company Limited, Axis Bank Ltd
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there is 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 100.00. ICICI Prudential Banking and Financial Services Fund Direct Growth has no lock in period.
Expense ratio | 1.04% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹7605 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 50.25% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Sep-24)
as on (31-Jul-24)
Top 2 Sectors in July were Financial Services, Industrial
ICICI Prudential Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.56% | 4.56% |
6 Month Returns | 14.36% | 14.36% |
1 Year Returns | 24.83% | 24.83% |
3 Years Returns | 47.56% | 13.85% |
5 Years Returns | 112.35% | 16.25% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 6.42 | 3.65 | 1.76 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 0.77 | 0.88 | 1.02 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 1.62 | 0.6 | 0.52 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 10.49 | 13.87 | 26.27 |