ICICI Prudential Banking and PSU Debt Fund - Growth

ICICI Prudential Banking and PSU Debt Fund - Growth is a scheme launched by ICICI Mutual Fund on January 01, 2010, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 9,743.57 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 500. It charges an expense ratio of 0.74% for managing the portfolio.

• Investing Strategy:

  To generate regular income through investments in a basket of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSU) with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.

• Performance:

  ICICI Prudential Banking and PSU Debt Fund - Growth trailing returns over different times are 8.01% (1 year), 7.64% (3 year) and 6.32% (5 year). The average annual return of this fund stands at 6.65%.