ICICI Prudential Nifty Bank ETF - Growth
NAV as of Jun 27, 2024
53.55-0.12%
- Growth - Regular
(Earn upto 0.00% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.15%(1.10% Category
average)Fund Size:
Rs. 3,270.32 Cr(5.92% of Investment in Category)
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ICICI Prudential Nifty Bank ETF - Growth
NAV as of Jun 27, 2024
53.55-0.12%
Expense Ratio:
0.15%
Fund Size:
Rs. 3,270.32 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Nifty Bank ETF as of Jun 27, 2024 is Rs 53.55 for Growth option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 18.56% (1yr), 14.73% (3yr) and 11.39% (since launch). Whereas, Category returns for the same time duration are: 28.01% (1yr), 17.37% (3yr) and 13.61% (5yr).
3. Fund Size: The ICICI Prudential Nifty Bank ETF currently holds Assets under Management worth of Rs 3270.32 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.15% for Regular plan as on May 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 0. Minimum SIP investment is Rs 0.
ICICI Prudential Nifty Bank ETF - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.15 13.45 9.88 20.45 15.00 - Category Avg 5.82 12.19 12.70 30.24 17.55 13.47 Rank within Category 17 10 25 21 13 - No. of funds within Category 46 45 41 35 25 16 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Bank Total Return Index
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ICICI Prudential Nifty Bank ETF - Growth Fund Details
Investment Objective - The scheme seeks to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
Fund House | ICICI Prudential Mutual Fund |
Launch Date | Jul 10, 2019 |
Benchmark | NIFTY Bank Total Return Index |
Return Since Launch | 11.84% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
ICICI Prudential Nifty Bank ETF - Growth Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | - |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 12 | 12 | 12 | 12 | 12 | 12 |
Top 5 Company Holdings | 80.01% | 80.1% | 80.16% | 81.54% | 81.19% | 81.63% |
Top 10 Company Holdings | 96.54% | 97.05% | 97.16% | 97.32% | 96.93% | 97.17% |
Company with Highest Exposure | HDFC Bank (29.27%) | HDFC Bank (29.04%) | HDFC Bank (29.0%) | HDFC Bank (25.27%) | HDFC Bank (26.4%) | HDFC Bank (29.39%) |
Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
Top 3 Sector Holdings | 99.49% | 100.0% | 99.99% | 100.0% | 99.99% | 100.0% |
Top 5 Sector Holdings | 99.49% | 100.0% | 99.99% | 100.0% | 99.99% | 100.0% |
Sector with Highest Exposure | Financial (99.49%) | Financial (100.0%) | Financial (99.99%) | Financial (100.0%) | Financial (99.99%) | Financial (100.0%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 29.27 20.11 84.33 -2.31 ICICI Bank Financial 23.21 18.91 64.53 19.58 Axis Bank Financial 9.73 15.08 85.49 21.75 State Bank of India Financial 9.62 11.05 76.40 43.42 Kotak Mahindra Bank Financial 8.18 19.98 91.62 -6.32 Indusind Bank Financial 6.22 13.03 115.34 12.10 Bank of Baroda Financial 3.17 7.67 36.47 46.50 Punjab National Bank Financial 2.47 14.41 8.27 143.62 AU Small Finance Bank Financial 2.34 32.23 20.66 -12.23 The Federal Bank Financial 2.33 11.11 15.93 31.93
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Nifty Bank ETF - Growth 53.55 Unrated 3,270.32 7.15 20.45 15.00 - Sundaram Financial Services Opportunities Fund Regular-Growth 98.71 1,268.85 5.29 36.24 20.42 17.20 Nippon India Banking & Financial Services Fund-Growth 563.78 5,462.71 6.25 28.10 19.03 13.59 Invesco India Financial Services Fund-Growth 121.31 810.18 5.38 36.86 18.10 15.20 SBI Banking & Financial Services Fund Regular-Growth 37.25 5,387.33 5.95 34.71 15.75 14.51
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
15.62VS15.84Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.99VS0.94Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.47VS0.54Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
7.31VS9.22Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-0.19VS1.85Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
12.62VS14.27Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
ICICI Prudential Mutual Fund News
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Fund Manager
- N.P.Nishit PatelSince Jan 202140 schemes
- P.S.Priya SridharSince Feb 202438 schemes
- A.K.Ajay Kumar SolankiSince Feb 202421 schemes
Mr. Patel is a B.Com & Chartered Accountant Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Ms. Sridhar has done B.Com and M.F.M Prior to joining ICICI Prudential Mutual Fund, she has worked with ITI Mutual Fund and LIC Housing Finance Ltd
Mr. Solanki has done B.Com, CA and CFA Level-III Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
More ICICI Prudential Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
ICICI Prudential Balanced Advantage-Growth | 56,750.35 | 2.94 | 5.96 | 9.89 | 21.53 | 13.40 | |
ICICI Prudential Bluechip Fund-Growth | 55,459.29 | 4.22 | 8.53 | 16.72 | 38.84 | 21.16 | |
ICICI Prudential Liquid Fund-Growth | 46,422.70 | 0.60 | 1.86 | 3.74 | 7.26 | 5.66 | |
ICICI Prudential Value Discovery Fund-Growth | 42,669.05 | 4.61 | 7.03 | 17.22 | 42.27 | 24.56 | |
ICICI Prudential Multi Asset Fund-Growth | 41,159.52 | 3.29 | 8.24 | 14.88 | 33.16 | 22.64 | |
ICICI Prudential Equity & Debt Fund -Growth | 35,122.02 | 3.01 | 7.91 | 16.12 | 37.89 | 24.29 | |
ICICI Prudential Corporate Bond Fund-Growth | 27,285.73 | 0.68 | 1.95 | 3.87 | 7.54 | 6.02 | |
ICICI Prudential Money Market-Growth | 22,485.24 | 0.63 | 1.93 | 3.90 | 7.44 | 5.91 | |
ICICI Prudential Asset Allocator Fund (FOF) - Growth | 21,776.90 | 2.49 | 5.37 | 10.01 | 21.84 | 13.45 | |
ICICI Prudential Equity Arbitrage-Growth | 20,894.12 | 0.64 | 1.97 | 4.06 | 7.75 | 5.67 |
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1. ICICI Prudential Nifty Bank ETF is Open-ended Sectoral-Banking Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Jul 10, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.49% in equities, 0.0% in debts and 0.51% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 96.54% of the assets, the top 3 sectors constitute around 99.49% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Nifty Bank ETF - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about ICICI Prudential Nifty Bank ETF - Growth
- Is it safe to invest in ICICI Prudential Nifty Bank ETF?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Nifty Bank ETF comes under Very High risk category.
- What is the category of ICICI Prudential Nifty Bank ETF?ICICI Prudential Nifty Bank ETF belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in ICICI Prudential Nifty Bank ETF?The suggested investment horizon of investing into ICICI Prudential Nifty Bank ETF is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Nifty Bank ETF?The ICICI Prudential Nifty Bank ETF is managed by Nishit Patel (Since Jan 16, 2021) , Priya Sridhar (Since Feb 01, 2024) and Ajay Kumar Solanki (Since Feb 01, 2024).
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