EQUITY FUNDS
Banking and Financial Services Fund - ICICI Prudential

ICICI Prudential Banking and Financial Services Fund

Sometimes there is a need to concentrate on one particular area, in order to gain a higher understanding and benefit from the same. The Indian banking sector holds tremendous long term opportunities due to low penetration and rising income. More people will be entering the banking system, and the financial sector will see expansion through new age sectors like Insurance, Mutual Funds, Stock Broking and Wealth Management. The Banking & Financial services sector, proxies India's growing economy, since every aspect of the economy is influenced by it.


ICICI Prudential Banking & Financial Services Fund is an open-ended equity sectoral fund that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

Investment Philosophy

This fund adopts a 'Bottom-up' strategy, to identify and pick its investments across market capitalizations. It seeks to generate long-term capital appreciation to unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

Key Benefits

  • It allows an investor to allocate his equity assets in accordance to his sectoral preference and implement his views on the sector.
  • Provides an option to diversify in terms of style, into a sharp, focused, thematic fund.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An equity fund that predominantly invests in equity and equity related securities of companies engaged in banking and financial services.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

An Open Ended Sectoral Fund.

Plan

Regular & Direct

Options

Growth & Dividend

Default Option

Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

(w.e.f. 24-08-09): (a) If the amount, sought to be redeemed or switched out, is invested for a period of upto one years? 1%; (b) If the amount, sought to be redeemed or switched out, is invested for a period of more than one year from the date of allotment - Nil.

Redemption Cheques Issued

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiples of Re.1/-



Fund Manager

Mr. Vinay Sharma

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