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aboutICICI Prudential Banking & Financial Services Fund

Launched on August 22, 2008, ICICI Prudential Banking & Financial Services Fund is an open-ended equity scheme that seeks to generate long-term capital appreciation for its unit holders from a portfolio that is invested predominantly in equity and equity-related securities of companies engaged in banking and financial services sector.

  • Scheme Highlights

    • Invests minimum 80% of its total assets in stocks of companies engaged in the banking & financial services sector
    • Invests across market capitalizations
    • Uses a combination of growth and blend investment style

  • Why Invest?

    • Scheme is suitable for investors who wish to focus on opportunities in the Indian Banking & Financial services sector
    • The sector proxies India’s growing economy since every aspect of the economy is influenced by it
    • Scheme opportunistically invests outside the benchmark

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Read more about ICICI Prudential Banking & Financial Services Fund here

Scheme Features

  • Type of Scheme
    An open ended equity scheme investing in Banking & Financial Services sector
  • Plans
    ICICI Prudential Banking & Financial Services Fund and ICICI Prudential Banking & Financial Services Fund - Direct; Options: Growth & Dividend
  • Minimum Application Amount
    `5,000( plus in multiples of Re 1)
  • Minimum Additional Application Amount
    `1,000( plus in multiples of Re 1)
  • Minimum Redemption Amount
    500/- or all units where amount is below 500/-
  • Entry Load
    Not Applicable
  • Exit Load
    Within 15 days from the date of allotment – 1% of applicable NAV
    After 15 days from the date of allotment - Nil
  • Fund Manager
    Roshan Chutkey has been managing this fund since Jan 2018 and has overall 11 years of experience.

*In addition to the fund manager managing this fund, overseas investment in managed by Ms. Priyanka Khandelwal.

Scheme Returns

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For details of other schemes managed by the same fund managers, click here.

This product is suitable for investors who are seeking*:

Long Term Wealth Creation.
An open-ended equity Scheme that predominantly invests in equity and equity related securities of companies engaged in banking and financial services.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
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