ICICI Prudential Banking & Financial Services Fund
ICICI Prudential Mutual Fund · Best Sectoral & Thematic Mutual Funds
This is the Regular plan of ICICI Prudential Banking & Financial Services Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★☆☆3/5 vs 142 of 255 Sectoral/ Thematic peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +7.84% · ranks 101 of 142 Sectoral/ Thematic funds
Volatility 13.6% vs 15.6% category avg
1.9% expense vs 2.5% category avg
95% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Less volatile than its Sectoral/ Thematic peers (13.6% vs 15.6%)
- Low expense ratio (1.95%) vs the Sectoral/ Thematic average of 2.47%
- Consistent — positive in 95% of rolling 3-year windows
Concerns
- Trails the Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 8.47pp
- 3-year return (+7.84%) trails the Sectoral/ Thematic average (+12.19%)
- 5-year return (+8.01%) trails the Sectoral/ Thematic average (+11.06%)
- Weaker risk-adjusted returns — Sharpe 0.10 below the Sectoral/ Thematic average of 0.34
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.56% | -5.14% | +0.58% |
| 3M abs | -5.88% | -2.33% | -3.55% |
| 6M abs | +5.49% | +10.83% | -5.34% |
| 1Y CAGR | -6.17% | +2.30% | -8.47% |
| 3Y CAGR | +7.84% | +12.19% | -4.35% |
| 5Y CAGR | +8.01% | +11.06% | -3.05% |
Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 255 peers in Sectoral/ Thematic
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential Banking & Financial Services Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Bank TRI | Diff | |
|---|---|---|---|---|
| 2026part | -9.77% | -7.52% | -2.25% | |
| 2025 | +15.87% | +18.31% | -2.44% | |
| 2024 | +11.62% | +6.24% | +5.38% | |
| 2023 | +17.87% | +13.20% | +4.67% | |
| 2022 | +11.95% | +21.83% | -9.88% | |
| 2021 | +23.46% | +13.86% | +9.60% | |
| 2020 | -5.53% | -2.33% | -3.20% | |
| 2019 | +14.49% | +18.87% | -4.38% | |
| 2018 | -0.43% | +6.83% | -7.26% | |
| 2017 | +45.05% | +41.12% | +3.93% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity97.12%
- Cash & Equivalents1.69%
- Debt1.19%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹10,707Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
ABAntariksha BanerjeeManaging since 02 Mar 2026
Fund Manager – MF Equity
Over 8 years
PGDM (MBA) – S. P. Jain Institute of Management & Research, Mumbai
He joined ICICI Prudential Asset Management Company Limited in May 2017. He has been part of the Research team of the AMC.
SDSharmila D'silvaStart date not disclosed
Fund Manager – MF Equity
Over 8 years
CA and Bachelor of Commerce in Accounting and Finance (BAF)
Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.
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Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
Frequently asked questions
What is the NAV of ICICI Prudential Banking & Financial Services Fund?
As of 01 Oct 2026, the NAV of ICICI Prudential Banking & Financial Services Fund is ₹125.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Banking & Financial Services Fund delivered?
ICICI Prudential Banking & Financial Services Fund has returned -6.17% over 1 year, +7.84% per year over 3 years, +8.01% per year over 5 years and +14.96% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund charges an expense ratio of 1.95% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund's largest holdings are ICICI Bank Ltd. (14.1%), HDFC Bank Ltd. (12.1%), Kotak Mahindra Bank Ltd. (9.4%), Axis Bank Ltd. (8.9%) and State Bank Of India (5.1%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.6% and its worst peak-to-trough fall in our sample was -47.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.10 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Banking & Financial Services Fund's 0.10 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund is benchmarked against the NIFTY Financial Services TRI. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Banking & Financial Services Fund?
ICICI Prudential Banking & Financial Services Fund is managed by Antariksha Banerjee and Sharmila D'silva at ICICI Prudential.
How is ICICI Prudential Banking & Financial Services Fund taxed?
ICICI Prudential Banking & Financial Services Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.