ICICI Prudential Banking and Financial Services Fund Direct Growth
NAV as on 03-04-2025
₹ 137.47
▲0.1%
1D
Inception Returns
15.7%
/yr
Historical NAV & Returns
Absolute
▲
▼
2211 people have invested ₹ 2Cr in ICICI Prudential Banking and Financial Services Fund Direct Growth in the last three months
About ICICI Prudential Banking and Financial Services Fund Direct Growth
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.
Key Parameters
- ICICI Prudential Banking and Financial Services Fund Direct Growth has ₹8843 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
ICICI Prudential Banking and Financial Services Fund Direct Growth has given a CAGR return of 15.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.96%, 15.05% and 27.54% respectively.
Holdings
ICICI Prudential Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Government, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, SBI Life Insurance Co Ltd
Taxation
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ICICI Prudential Banking and Financial Services Fund Direct Growth
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 and lockin period
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.
ICICI Prudential Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 1.06% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹8843 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 50.25% |
| STCG | Selling mutual fund 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 |
INDmoney Rank for ICICI Prudential Banking and Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Among most bought funds within the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Trailing Returns
as on (03-Apr-25)
Fund Distribution
as on (28-Feb-25)
Large cap
68.9%
Mid cap
14.8%
Small cap
8.6%
Sector Allocation
Financial Services
99.7%
Industrial
0.2%
Tech
0.1%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 8.8K Cr as of Feb'25
- AUM decreased by 144 Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 20.45% to 21.34%
State Bank of India's allocation increased from 5.59% to 6.42%
City Union Bank Ltd's allocation increased from 0.24% to 0.84%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 18.62 % to 18.31 %
Kotak Mahindra Bank Ltd's allocation decreased from 4.14 % to 3.21 %
Max Financial Services Ltd's allocation decreased from 2.05 % to 1.92 %
Mid Cap allocation has gone up from 13.9% to 14.8%
Large Cap allocation has gone up from 68.4% to 68.9%
Small Cap allocation has gone up from 8.5% to 8.6%
Cash allocation has gone down from 9.3% to 7.7%
Top Sector in February was Financial Services
Feb'25
Financial Services
100%
Jan'25
Financial Services
100%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 21.34% | 0% | |
 ICICI Bank Ltd | 18.31% | 0% | |
 Axis Bank Ltd | 8.26% | 2.5% | |
 State Bank of India | 6.42% | 26.1% | |
 SBI Life Insurance Co Ltd | 5.39% | 8.3% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ICICI Prudential Banking and Financial Services Fund Direct Growth | 13.96% | 15.05% | 27.54% | 15.65% |
 SBI Banking & Financial Services Direct Growth | 16.04% | 17.99% | 27.67% | 15.49% |
 Tata Banking & Financial Services Fund Direct Growth | 15.33% | 18.45% | 26.23% | 17.82% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 13.68% | 16.77% | - | 17.54% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 ICICI Bank Ltd | 10.4% |
 Axis Bank Ltd | 7.7% |
 HDFC Bank Ltd | 5.6% |
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Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.37L Cr
as on 28-Feb-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 5 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 31.72% return, outperforming this fund by 4.18% per annum.
This fund with AUM at ₹8843.33Cr is among the largest funds in the sector - financial services category.
Over the last 1 month, this fund has increased expense ratio by 3.9% moving from 1.02 to 1.06.
Over the last 6 months, this fund has experienced a 8.2% growth in AUM moving from 8.17K Cr to 8.84K Cr.
In the last 1 year, DSP Banking & Financial Services Fund Direct Growth has given 20.93% return, outperforming this fund by 6.97%.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.29% return, outperforming this fund by 4.24% per annum.
ICICI Prudential Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.65% since inception which is more than its category average return of 13.1%
Fund Allocations
This fund has an allocation of 92.35% in Equity, 0% in Debt and 7.65% in Cash related instruments
AUM size ₹8843 Cr
This fund has AUM of ₹8843 Cr which is more than its category average of ₹ 1792 Cr
Expense Ratio 1.06%
This fund has an expense ratio of 1.06% which is less than its category average expense ratio of 1.28%
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Frequently Asked Questions for ICICI Prudential Banking and Financial Services Fund Direct Growth
The current NAV of ICICI Prudential Banking and Financial Services Fund Direct Growth is ₹137.47 as on 03-Apr-2025.
Existing (Absolute + CAGR) as on 03-Apr-2025.
ICICI Prudential Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.35% | 6.35% |
6 Month Returns | -1.72% | -1.72% |
1 Year Returns | 13.96% | 13.96% |
3 Years Returns | 52.29% | 15.05% |
5 Years Returns | 237.43% | 27.54% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
1.06% as on March 2025
₹8843 Cr as on March 2025
HDFC Bank Ltd(21.34%), ICICI Bank Ltd(18.31%), Axis Bank Ltd(8.26%), State Bank of India(6.42%), SBI Life Insurance Co Ltd(5.39%) as on March 2025
Financial Services(92.1%), Industrial(0.18%), Tech(0.07%) as on March 2025
The alpha ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | -3.65 | 2.34 | 3.87 |
As on March 2025
The alpha for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 0.91 | 0.82 | 0.91 |
As on March 2025
The Beta for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 0.65 | 0.72 | 1.01 |
As on March 2025
The sharpe ratio for ICICI Prudential Banking and Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Banking and Financial Services Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Banking and Financial Services Fund Direct Growth | 12.57 | 12.88 | 19.38 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.38 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.26 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of ICICI Prudential Banking and Financial Services Fund Direct Growth is 1%