Debt
Direct
Banking & Psu
NAV as on 05-09-2024
₹ 31.83
Inception Returns
8.2%
/yr
ICICI Prudential Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 14 March, 2013. The fund is managed by Chandni Gupta. This fund is suitable to keep your money safe.
ICICI Prudential Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.88%, 6.47% and 7.05% respectively.
ICICI Prudential Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 8.34% Govt Stock 2033, Small Industries Development Bank Of India, HDFC Bank Limited, 7.18% Govt Stock 2033, 7.1% Govt Stock 2034
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
To generate income through predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. ICICI Prudential Banking and PSU Debt Fund Direct Growth has no lock in period.
Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹9245 Cr |
Inception Date | 14 March, 2013 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 194.85% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
ICICI Prudential Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 4.11% | 4.11% |
1 Year Returns | 7.88% | 7.88% |
3 Years Returns | 20.7% | 6.47% |
5 Years Returns | 40.58% | 7.05% |
AAA | 100 |