Investment Objective and Approach

The ICICI Prudential Banking and Financial Services Fund is a sectoral equity fund designed to generate capital appreciation by investing primarily in equity and equity-related securities of companies engaged in the banking and financial services sector. The category of ICICI Prudential Banking & Financial Services Fund - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.

The fund employs a focused investment strategy concentrating on financial services companies, with The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 47% of its portfolio. This concentrated approach allows the fund to capitalize on growth opportunities within India's rapidly expanding financial services sector.

The investment approach emphasizes fundamental research and stock selection within the banking and financial services universe. The asset allocation of ICICI Prudential Banking & Financial Services Fund - Growth is Stocks : 95.44%, Debt : 4.55% and Gold : 0% This allocation demonstrates the fund's commitment to maintaining high equity exposure while keeping minimal cash and debt holdings.

Fund Managers

The fund is managed by two experienced professionals:

Sharmila D'mello - The fund is managed by Sharmila D'mello, Roshan Chutkey. She has been managing the fund since June 30, 2022, bringing her expertise in equity research and portfolio management to the banking and financial services sector.

Roshan Chutkey - Roshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School. He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry. He has been co-managing the fund since January 29, 2018.

About the Fund House (AMC)

ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. It is the second-largest asset management company in India after the SBI Mutual Fund.

Founded in 1993 as ICICI Asset Management Company, the joint venture between ICICI Bank, a well-known, trusted name in financial services in India and Prudential Plc, one of UK's largest players in the financial services sector, established ICICI Prudential Asset Management Company in the year 1998.

The AMC has demonstrated consistent growth over the decades. As of 2016 it had grown to over a thousand employees across 120 locations with more than 1.9 million investors. The company has evolved to become a comprehensive financial services provider, offering mutual funds, portfolio management services, and international advisory mandates.

ICICI Prudential Asset Management Company Ltd. is a leading asset management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions. At the end of January 2024, it had an AUM of over Rs. 6,90,000 crore from more than 97 lakh investors.

Should I Invest in ICICI Prudential Banking and Financial Services Fund?

Performance Metrics (as of August 26, 2025):

- The NAV of the fund today is ₹148.46

- The AUM of the fund is ₹9930 Cr

- The expense ratio is 1.00%

- ICICI Prudential Banking and Financial Services Fund fund has generated a return of 9.23% in 1 year, 16.39% in 3 years, 20.91% in 5 years

Investment Considerations:

Positives:

- Strong sectoral focus on banking and financial services, which benefits from India's economic growth

- The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods

- Experienced fund management team with proven track record

- Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund

Risk Factors:

- The ICICI Prudential Banking and Financial Services Direct Plan Growth is rated Very High risk

- Concentration risk due to sectoral focus on banking and financial services

- Market volatility can significantly impact performance given the equity-heavy allocation

Suitability:

This fund is suitable for investors with high risk appetite seeking exposure to India's banking and financial services sector. It's ideal for those with investment horizons of 5+ years who can withstand market volatility. The fund works well as a satellite holding in a diversified portfolio rather than a core investment.

FAQs

What is today's NAV of ICICI Prudential Banking and Financial Services Fund?

The NAV of the fund today is ₹148.46 as of August 26, 2025. NAV is updated daily and reflects the fund's per-unit market value.

What is the AUM of ICICI Prudential Banking and Financial Services Fund?

The AUM of the fund is ₹9930 Cr as of August 2025. This represents the total market value of assets managed by the fund.

What is the expense ratio of ICICI Prudential Banking and Financial Services Fund?

The expense ratio is 1.00% This is the annual fee charged for managing the fund, covering administrative and management costs.

What are the returns of ICICI Prudential Banking and Financial Services Fund since inception?

ICICI Prudential Banking and Financial Services Direct Plan-Growth scheme return performance in last 1 year is 9.23%, in last 3 years is 57.67% and 534.72% since scheme launch.

What is the minimum SIP amount to invest in ICICI Prudential Banking and Financial Services Fund?

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. This makes it accessible for small investors to start their investment journey.

How do I invest in ICICI Prudential Banking and Financial Services Fund?

You can invest through Allvest by completing your KYC, selecting the fund, choosing between SIP or lump sum, and setting up payment instructions. The process is completely online and paperless.

How to start a SIP in ICICI Prudential Banking and Financial Services Fund?

Log into your Allvest account, search for the fund, select "Start SIP," choose your monthly amount (minimum ₹100), set the date, and authorize the bank mandate for automatic payments.

How do I automate an SIP in ICICI Prudential Banking and Financial Services Fund?

Set up a bank mandate or UPI autopay through Allvest platform when initiating your SIP. This ensures automatic monthly deductions without manual intervention each month.

How can I withdraw/redeem my investment in ICICI Prudential Banking and Financial Services Fund?

Submit a redemption request through Allvest specifying units or amount to redeem. The exit load is 1% if redeemed in 0-15 Days. Funds are typically credited within 3-4 working days.