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Mutual Fund Review – ICICI Pru Banking and Fin Serv

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Fund Name: ICICI Pru Banking and Financial Services


Category: Equity – Sector

Expense Ratio: 2.76%

Risk Level: Medium

Benchmark: S&P BSE Sensex

Objective: 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 can be no assurance that the investment objective of the Scheme will be realized

Returns (Annualized)


Our Review

ICICI Pru banking and fin serv fund has made its inception in the year 2008. Since inception, it has produced annualized returns of 17%. It has managed to comprehensively beat the benchmark index as well as category average consistently in the 1, 3 and 5 year returns.

Top 5 holdings of the fund include HDFC bank, ICICI bank, SBI, Bank of Baroda and PFC. The fund invests 60% of assets into large caps, 30% in mid caps and the rest in small caps. The fund has managed to tide the financial crisis and 5 year returns of the fund are phenomenal.

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