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ICICI Pru Banking and Financial Services Fund Review

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ICICI Pru Banking and Financial Services Fund

ICICI Prudential Mutual Fund – An Introduction 

ICICI prudential mutual fund is the second largest AMCs globally. From the past 30 years, they are playing an instrumental role in acquainting Indian investors with the concept of mutual funds. The fund house handles Assets Under Management (AUM) across different asset classes like debt instruments, sectorial funds, and equities to name a few. Following the strategy of ‘customer-centric tactic’, ICICI prudential mutual fund flaunts a blend of resourcefulness and expertise, thus, giving investors optimum, innovative, and consistent returns against market risks. The sponsors are: ICICI Bank, Prudential Corporation Asia, Prudential Plc, Jackson National Life Insurance Company, and Eastspring Investments amongst others.  

To select the best ICICI prudential fund value, read some of the benefits. Here: 

  • The professionals of ICICI are high-tech experts who have good hands in managing large pools of money.  
  • They know how to diversity the funds according to the horizons, goals, risks, and returns.  
  • With ICICI mutual funds, everything will be crystal clear, thus ensuring the trust of the investor.  
  • The services provided are of a high-quality and the convenience (of the investor) remains at the top priority.  

About ICICI Pru Banking and Financial Services 

ICICI Prudential Banking and Financial Services is an equity fund scheme that was launched by ICICI Prudential Mutual Fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Roshan Chutkey. Talking about AUN, it is of INR 3632 Cr and the latest NAV is INR 75.64 (dated as of 3rd Jan 2020). The fund growth is rated high risk. The minimum SIP investment is INR 500, and, lumpsum investment is INR 5000. Exit load of 1% only if redeemed within 15 days.   

Tax Implications  

Returns are taxed at 15% only if you redeem before a year. After a year, you are required to pay Long Term Capital Gains tax of 10% on returns of INR 1 lakh in a financial year.   

Top Holdings 

Top Holdings Weightage
ICICI Bank Ltd 14.82%
State Bank of India 9.98%
HDFC Bank Ltd 9.38%
Bank of Baroda 6.92%
Bajaj Finserv Ltd 5.77%
Axis Bank Ltd 5.36%
The Federal Bank Ltd 4.47%
Mahindra & Mahindra Financial Services Ltd 3.66%
ICICI Prudential Life Insurance Co Ltd 3.03%
SBI Life Insurance Co Ltd 2.82%

 

How to Invest in ICICI pru banking and financial services fund with Gulaq? 

ICICI pru banking and financial services fund investment is not a fuss, especially with Gulaq. With hassle-free and paperless documentation, the summing-up of your investment journey becomes easy. All you need to do is sign-in at gulaq.com. Check your KYC for FREE.  

  • Select the ICICI prudential banking and financial services fund  
  • Fetch the amount you are willing to invest (either SIP or Lumpsum) 
  • Hit ‘Invest Now’ 

Yay! It’s DONE 

*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

Rating: 5.0/5. From 6 votes.
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