ICICI Prudential Banking and PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 25-02-2025
₹ 32.99
▲0.1%
1D
Inception Returns
8.2%
/yr
About ICICI Prudential Banking and PSU Debt Fund Direct Growth
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 Manish Banthia. This fund is suitable to keep your money safe.
Key Parameters
- ICICI Prudential Banking and PSU Debt Fund Direct Growth has ₹10073 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
ICICI Prudential Banking and PSU Debt Fund Direct Growth has given a CAGR return of 8.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.12%, 7.17% and 6.81% respectively.
Holdings
ICICI Prudential Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.93% Govt Stock 2033, Small Industries Development Bank Of India, National Bank For Agriculture And Rural Development, HDFC Bank Limited
Taxation
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of ICICI Prudential Banking and PSU Debt Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
ICICI Prudential Banking and PSU Debt Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹10073 Cr |
| Inception Date | 14 March, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 194.85% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (25-Feb-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 9.9K Cr as of Jan'25
- AUM increased by 54.2 Cr between Jan'25 and Dec'24
Top 2 Sectors in January were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 7.51% | -6.3% | |
7.93% Govt Stock 2033 | 4.78% | 0% | |
Small Industries Development Bank Of India | 4.7% | 0% | |
National Bank For Agriculture And Rural Development | 4.01% | 14.1% | |
HDFC Bank Limited | 3.82% | 0% |
Mutual Fund Insights
ICICI Prudential Banking and PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹10073 Cr
Expense Ratio 0.39%
Frequently Asked Questions for ICICI Prudential Banking and PSU Debt Fund Direct Growth
ICICI Prudential Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.67% | 0.67% |
6 Month Returns | 3.81% | 3.81% |
1 Year Returns | 8.12% | 8.12% |
3 Years Returns | 23.08% | 7.17% |
5 Years Returns | 39.03% | 6.81% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 99.17 |
AA | 0.83 |