ICICI Prudential Banking and Financial Services Fund Growth

• Alpha -4.84%
• Beta 1.06
• Sharpe Ratio0.87
• Std Deviation 20.64%
• Tracking Error 8.50%

To generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.

The ICICI Prudential Banking and Financial Services Fund Growth has an AUM of 6740.31 crores & has delivered CAGR of 11.61% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.87%. The minimum investment in ICICI Prudential Banking and Financial Services Fund Growth is Rs 5000 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Moderate & High respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, Axis Bank & State Bank Of India.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Insurance (Prop. & Casualty) & Insurance (Life).

Some of the similar funds are Nippon India Banking & Financial Services Fund Growth, ICICI Prudential Banking and Financial Services Fund Growth, Aditya Birla Sun Life Banking & Financial Services Regular Growth, SBI Banking & Financial Services Regular Growth, HDFC Banking & Financial Services Fund Regular Growth. ICICI Prudential Banking and Financial Services Fund Growth has a sharpe ratio of 0.87 & a standard deviation of 20.64%.