3 Year return

12.8%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹7423.85 Cr.

Expense Ratio

1.01% (inclusive of GST)

Exit Load

1.00% - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 15 days from the date of allotment. Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 15 days from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

3
0
3

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

RC

Roshan Chutkey

Fund Manager since Apr 2022

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 296
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Banking and Financial Services Fund Direct Plan-Growth

ICICI Prudential Banking and Financial Services Fund Direct Plan-Growth is an open-ended equity mutual fund brought to investors by ICICI Prudential Mutual Fund. The fund lies within the category of sectoral/thematic funds with the aim of providing investors the opportunity for long-term capital appreciation. It attempts to do this by investing mainly in company stocks belonging to the sector of financial services and banking.

Investment Objective of the Scheme

The investment objective of ICICI Prudential Banking and Financial Services Fund Direct Plan-Growth is to offer capital appreciation by investing in a targeted portfolio of the equity of companies in the sector of financial services and banking. The fund may invest in stocks of companies like NBFCs, banks, insurance companies, financial organisations, and other allied businesses. The fund aims to bring investment appeal to investors by exhibiting the importance of investment in this potentially lucrative sector that may play a role in India’s economic growth.

Key Features of The Fund

5-year return 11.34%
Expense Ratio 1.01%
Fund Manager Roshan Chutkey
Fund Size ₹7423.85 Cr
Risk Profile Very High

Is This Scheme Right for Me?

You may be interested in investing in the ICICI Prudential Banking and Financial Services Fund Direct Plan-Growth scheme if you wish to see possible long-term capital appreciation in the potentially lucrative sector of financial services and banking. This fund may be considered if you have a high risk appetite and want substantially high returns. Nonetheless, before you make any investment decisions, you may want to account for your own investment goals and unique needs.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

FAQs

What is today's NAV of ICICI Prudential Banking and Financial Services Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Banking and Financial Services Fund May 22 2024 is 121.8

What is the AUM of ICICI Prudential Banking and Financial Services Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Banking and Financial Services Fund is 7423.85 crore.

What is the expense ratio of ICICI Prudential Banking and Financial Services Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Banking and Financial Services Fund is 1.01%

What are the returns of ICICI Prudential Banking and Financial Services Fund since inception?

The ICICI Prudential Banking and Financial Services Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 15.72 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Banking and Financial Services Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Banking and Financial Services Fund is 100.

How do I invest in ICICI Prudential Banking and Financial Services Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Banking and Financial Services Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Banking and Financial Services Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Banking and Financial Services Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.