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In The 1Y Return Category, This Banking And PSU Debt Mutual Fund is Ranked 1
Investing is getting serious with passing days as the new investors are more risk-takers compared to the traditional investors. Mutual Fund investments are taking a new shape with risk-takers. Now, even small pocket investors invest in higher return mutual funds rather than FDs. Debt funds are also known as a fixed-income security.
The term "fixed income security" refers to any instrument that has a predetermined maturity date and interest rate that the buyer can earn at that time. Treasury bills, corporate bonds, commercial papers, government securities, and a variety of other money market instruments are among the securities that Debt Funds invest in.
ICICI Prudential Banking And PSU Debt Direct-Growth
ICICI Prudential Mutual Fund is a mutual fund managed by ICICI Prudential, and its custodian is SBI SG Global Securities Pvt Ltd. The fund was launched on 13th March 2013. As of the 30th of September 2017, ICICI Prudential Mutual Fund ranked 1 in terms of total assets.
ICICI Prudential Banking And PSU Debt Direct-Growth is ranked 4 Star and 5 star by the Groww Securities and CRISIL, respectively. Talking about numbers, the Fund's NAV is INR 26.7 as of 14th January 2022, and its fund size is INR 12,802 Cr. The expense ratio is 0.35%. The fund's average 1 year return is 4.38 on one-time investment, whereas, the category average is 3.98%. The fund has a debt investment of 96.33%, with 30.55% in government securities and 65.76% in extremely low risk assets. The fund's top holders are GOI, Indian Railways, HDFC Bank Ltd, Axis Bank Ltd, ICIC Bank Ltd, National bank of Agriculture & Rural Development, BSNL, and FCI.
Performance of the Fund
Talking about the pros and cons of the fund, the fund's exit load is Zero, its lower expense ratio is 0.35%. The fund's 1 Year category rank is 1. The has an AAA average credit rating of its holding. However, the fund consistently has lower annualized returns than the category average for the past 1Y, 3Y, and 5Y. In comparison to similar funds in the Banking and PSU Fund, the Fund has improved its performance. Existing investors can keep their SIPs and investments going. Other investors are welcome to join this fund and make new contributions.
SIP Returns (NAV as of 14th January, 2022)
As a retail investor, you can start SIP in ICICI Prudential Banking And PSU Debt Direct-Growth fund with INR 1000. This is moderate.
| Period Invested for | ₹1000 SIP Started on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 14/01/21 | 12000 | 12282.86 | 2.36% | 4.38% |
| 2 Year | 14/01/20 | 24000 | 25435.58 | 5.98% | 5.68% |
| 3 Year | 14/01/19 | 36000 | 39928.32 | 10.91% | 6.83% |
| 5 Year | 13/01/17 | 60000 | 72211.84 | 20.35% | 7.33% |
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents and conditions carefully before investing. The above-mentioned information is purely informational. The Greynium Information Technologies and the author are not liable for any losses caused as a result of a decision based on the article.
