Fund Details
ICICI Prudential Banking and Financial Services Direct Plan Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.28% |
| NAV | ₹52.21 (25 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹3,381 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 15.9% |
| HDFC Bank Ltd. | Financial | Equity | 11.9% |
| State Bank of India | Financial | Equity | 9.9% |
| Axis Bank Ltd. | Financial | Equity | 9.5% |
| LIC Housing Finance Ltd. | Financial | Equity | 4.6% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 4.5% |
| SBI Life Insurance Company Ltd. | Financial | Equity | 3.8% |
| Motilal Oswal Financial Services Ltd | Financial | Equity | 3.3% |
| Federal Bank Ltd. | Financial | Equity | 2.8% |
| Max Financial Services Ltd. | Financial | Equity | 2.8% |
Fund Managers
ICICI Prudential Banking and Financial Services Direct Plan Dividend Details
ICICI Prudential Banking and Financial Services Direct Plan Dividend is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Roshan Chutkey is the Current Fund Manager of ICICI Prudential Banking and Financial Services Direct Plan Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹3,381 Cr and the Latest NAV as of 25 Jan 2021 is ₹52.21.
The ICICI Prudential Banking and Financial Services Direct Plan Dividend is rated High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 15 days
Investment Objective
The scheme seeks to maximize long term capital gains by investing in equity and equity related securities of banking, financial and non-banking financial companies that form a part of Banking and Financial Services Industry. A large share of the assets of the scheme will be invested in the stocks comprising the benchmark, BSE Bankex Index.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
