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What is ICICI Prudential Banking and Financial Services Fund?

ICICI Prudential Banking and Financial Services Fund is suitable for investors looking to wager for higher returns compared to other Equity funds. You must have advanced knowledge of macro trends and be ready for a possibility of moderate to high losses in your investments even though the overall market is performing better.


Some of the main features and benefits of ICICI Prudential Banking and Financial Services Fund are as follows:

  • ICICI Prudential Banking and Financial Services Fund has a 91.4% investment in Indian stocks of which 59.26% is in large-cap stocks, 16.89% in mid-cap stocks, 15.27% in small-cap stocks.
  • This mutual fund comes with a high risk of investment for a larger return.
  • This type of investment is suitable for those looking to invest money for a longer duration of time in a higher degree of volatility.

Fund details

Fund HouseICICI Prudential Mutual Fund
Launch DateAug 22, 2008
BenchmarkNIFTY Financial Services TRI
RiskometerHigh
Risk GradeAverage
Return GradeAbove Average
Turnover54%
TypeOpen-ended
Return since Launch:17.55%
Minimum Investment (R)5,000
Minimum Additional Investment (R)1,000
Minimum SIP Investment (R)100
Minimum No of Cheques6
Minimum Withdrawal (R)500
Minimum Balance (R)-
Exit Load (%)1% for redemption within 15 days

 YTD1-Month3-Month1-Year3-Year5-Year10-Year
Fund-1.99-2.34-14.27-3.659.1713.5316.85
S&P BSE Finance TRI0.82-2.43-12.02-2.7710.3311.9014.46
Category-2.43-2.62-14.55-5.436.657.5710.52
Rank within Category1211912921
Number of funds in category1819181817118

Please note that past performance of a mutual fund may not be a guarantee of future results. However, if you know how to analyze fund performance and know what to look for, you can make better investment decisions. This increases the odds that future performance will meet or exceed your expectations.

SIP Performance

Period Invested for₹1000 SIP Started onInvestmentsLatest ValueAbsolute ReturnsAnnualized Returns
1 Year04-Sep-181200011661.66-2.82 %-5.16 %
2 Year04-Sep-172400023724.56-1.15 %-1.1 %
3 Year02-Sep-163600038217.316.16 %3.92 %
5 Year04-Sep-146000078341.1730.57 %10.6 %
10 Year04-Sep-09120000275486.5129.57 %15.85 %

Portfolio Aggregates

FundBenchmarkCategory
Average Mkt Cap (Rs Cr)66,135.69-182,246.64
Giant (%)49.27-72.59
Large (%)16.03-10.98
Mid (%)23.36-13.89
Small (%)11.34-4.41
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Top Holdings

CompanyPE3Y High3Y Low% of Assets
ICICI BankFinancial46.5914.046.6613.73
State Bank of IndiaFinancial30.2810.325.809.99
HDFC BankFinancial27.7315.085.418.41
Bank of BarodaFinancial58.537.240.007.24
Bajaj FinservFinancial34.435.862.285.50
Axis BankFinancial31.825.450.005.45
Federal BankFinancial11.795.492.263.96
LIC Housing Fin.Financial8.053.470.003.34
M&M Financial ServicesFinancial14.584.570.003.33
Muthoot FinanceFinancial11.783.591.963.17

Most Recent Dividends

PlanRecord DateDividend (R / Unit)
DividendFeb 20, 20192.6562

The NAV or the Net asset value represents a fund's per share market value. It is the price at which investors buy fund shares from a fund company and sell them to a fund company.

PlansNAV (Rs)
Growth59.64
Dividend31.61

There is a -0.42% change from previous, NAV as on Sep 05, 2019


Investing in ICICI Prudential Banking and Financial Services Fund is straightforward. There are several ways of doing this:

Online: 

  • You can simply click on the “Click Here to Invest Now” option on their official website, where after you will be prompted for your basic information, like name, mobile number, and PAN number. You will need to fill up the one-time registration form to complete the process.

Offline:

  • You may approach any of the ICICI Mutual Fund offices and submit the relevant forms and documents to proceed with the application process. Alternatively, you may also use third party dealers for applying to this scheme. However, make sure that the dealer is genuine.

Request for a callback:

  • You can request for a call back by entering your contact details (name and phone number) on their contact form whereupon an expert will get in touch with you to further discuss your investment options.

Email:

  • You can email their customer service on the email address listed on their website for more information.

Tollfree number:

  • You can call their toll-free number listed on their official website and talk to an expert.

Chat:

  • You can also chat with an online assistant using the chat option on their website and have your questions addressed.

1. What is ICICI Prudential Banking and Financial Services Fund?

ICICI Prudential Banking and Financial Services Fund is an open-ended Equity Large Cap scheme.

2. Who is it suitable for?

The fund is a good offering for high-risk investors looking to invest in a higher degree of volatility.

3. How do I apply for ICICI Prudential Banking and Financial Services Fund offline?

You may approach any of the ICICI Mutual Fund offices and submit the relevant forms and documents to proceed with the application process. Alternatively, you may also use third party dealers for applying to this scheme. However, make sure that the dealer is genuine.

4. What are the documents required for investing in ICICI Prudential Banking and Financial Services Fund?

Some of the documents required for investing in ICICI Prudential Banking and Financial Services Fund are listed as follows:

  • Passport Size Photograph
  • ID proof such as a copy of PAN card, Aadhaar, Passport or voter ID or driving license
  • Proof of address passport or driving license or ration card or registered lease/sale of residence or latest bank A/C statement or passbook or latest telephone bill (only landline) or latest electricity bill or latest gas bill, not more than three months old
  • Duly filled KYC Application
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