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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.
ICICI Prudential Banking and Financial Services Fund
- Features and Benefits of ICICI Prudential Banking and Financial Services Fund
- ICICI Prudential Banking and Financial Services Fund Performance
- ICICI Prudential Banking and Financial Services Fund – Portfolio
- ICICI Prudential Banking and Financial Services Fund NAV
- How to invest in ICICI Prudential Banking and Financial Services Fund?
- FAQs: ICICI Prudential Banking and Financial Services Fund
Features and Benefits of ICICI Prudential Banking and Financial Services Fund
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 House | ICICI Prudential Mutual Fund |
|---|---|
| Launch Date | Aug 22, 2008 |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | High |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 54% |
| Type | Open-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 Cheques | 6 |
| Minimum Withdrawal (R) | 500 |
| Minimum Balance (R) | - |
| Exit Load (%) | 1% for redemption within 15 days |
ICICI Prudential Banking and Financial Services Fund Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
|---|---|---|---|---|---|---|---|
| Fund | -1.99 | -2.34 | -14.27 | -3.65 | 9.17 | 13.53 | 16.85 |
| S&P BSE Finance TRI | 0.82 | -2.43 | -12.02 | -2.77 | 10.33 | 11.90 | 14.46 |
| Category | -2.43 | -2.62 | -14.55 | -5.43 | 6.65 | 7.57 | 10.52 |
| Rank within Category | 12 | 11 | 9 | 12 | 9 | 2 | 1 |
| Number of funds in category | 18 | 19 | 18 | 18 | 17 | 11 | 8 |
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 on | Investments | Latest Value | Absolute Returns | Annualized Returns |
|---|---|---|---|---|---|
| 1 Year | 04-Sep-18 | 12000 | 11661.66 | -2.82 % | -5.16 % |
| 2 Year | 04-Sep-17 | 24000 | 23724.56 | -1.15 % | -1.1 % |
| 3 Year | 02-Sep-16 | 36000 | 38217.31 | 6.16 % | 3.92 % |
| 5 Year | 04-Sep-14 | 60000 | 78341.17 | 30.57 % | 10.6 % |
| 10 Year | 04-Sep-09 | 120000 | 275486.5 | 129.57 % | 15.85 % |
ICICI Prudential Banking and Financial Services Fund – Portfolio
Portfolio Aggregates
| Fund | Benchmark | Category | |
|---|---|---|---|
| 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 |
| - | - | - | - |
Top Holdings
| Company | PE | 3Y High | 3Y Low | % of Assets | |
|---|---|---|---|---|---|
| ICICI Bank | Financial | 46.59 | 14.04 | 6.66 | 13.73 |
| State Bank of India | Financial | 30.28 | 10.32 | 5.80 | 9.99 |
| HDFC Bank | Financial | 27.73 | 15.08 | 5.41 | 8.41 |
| Bank of Baroda | Financial | 58.53 | 7.24 | 0.00 | 7.24 |
| Bajaj Finserv | Financial | 34.43 | 5.86 | 2.28 | 5.50 |
| Axis Bank | Financial | 31.82 | 5.45 | 0.00 | 5.45 |
| Federal Bank | Financial | 11.79 | 5.49 | 2.26 | 3.96 |
| LIC Housing Fin. | Financial | 8.05 | 3.47 | 0.00 | 3.34 |
| M&M Financial Services | Financial | 14.58 | 4.57 | 0.00 | 3.33 |
| Muthoot Finance | Financial | 11.78 | 3.59 | 1.96 | 3.17 |
Most Recent Dividends
| Plan | Record Date | Dividend (R / Unit) |
|---|---|---|
| Dividend | Feb 20, 2019 | 2.6562 |
ICICI Prudential Banking and Financial Services Fund NAV
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.
| Plans | NAV (Rs) |
|---|---|
| Growth | 59.64 |
| Dividend | 31.61 |
There is a -0.42% change from previous, NAV as on Sep 05, 2019
How to invest in ICICI Prudential Banking and Financial Services Fund?
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.
FAQs: ICICI Prudential Banking and Financial Services Fund
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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