Which funds are similar to ICICI Prudential Banking and Financial Services Direct Plan-Growth?
Funds similar to ICICI Prudential Banking and Financial Services Direct Plan-Growth in the Equity: Sectoral-Banking category are listed in the Similar Funds tab, selected based on same category and benchmark index.
How does ICICI Prudential Banking and Financial Services Direct Plan-Growth compare to the category average?
The comparison of ICICI Prudential Banking and Financial Services Direct Plan-Growth against the Equity: Sectoral-Banking category average — returns, alpha, beta and Sharpe — is shown in the Category vs Scheme Returns section at the top of the Similar Funds tab.
What is the rank of ICICI Prudential Banking and Financial Services Direct Plan-Growth in its category?
The rank of ICICI Prudential Banking and Financial Services Direct Plan-Growth within the Equity: Sectoral-Banking category is shown in the Trailing Returns section on the Performance tab and the Similar Funds tab.
What are the alternatives to ICICI Prudential Banking and Financial Services Direct Plan-Growth?
Top alternatives to ICICI Prudential Banking and Financial Services Direct Plan-Growth in the Equity: Sectoral-Banking category, sorted by AUM, are listed in the Similar Funds tab. Funds tracking the same benchmark — NIFTY Financial Services Total Return Index — are also listed separately.
How does ICICI Prudential Banking and Financial Services Direct Plan-Growth's expense ratio compare to similar funds?
The expense ratio of ICICI Prudential Banking and Financial Services Direct Plan-Growth is 1.20%. Over a 20-year investment, a 0.5% difference in expense ratio on a ₹10 lakh corpus can amount to lakhs in additional wealth creation.
How does ICICI Prudential Banking and Financial Services Direct Plan-Growth's AUM compare to similar funds?
ICICI Prudential Banking and Financial Services Direct Plan-Growth has an AUM of ₹ 10.64 k Cr. AUM reflects investor confidence. For small cap funds, very large AUM can limit portfolio flexibility.
Which fund has the best 3-year returns in the Equity: Sectoral-Banking category?
The top-performing funds by 3-year returns in the Equity: Sectoral-Banking category can be found by sorting the Similar Funds comparison table by the 3Y column.
Is ICICI Prudential Banking and Financial Services Direct Plan-Growth better than index funds in the same category?
Whether ICICI Prudential Banking and Financial Services Direct Plan-Growth beats index funds in the Equity: Sectoral-Banking category can be assessed by comparing its trailing returns against the benchmark returns in the Performance tab. ICICI Prudential Banking and Financial Services Direct Plan-Growth has an alpha of 1.89%, indicating active outperformance over the benchmark. Historically, active funds in India have shown mixed results vs index funds — large cap active funds tend to underperform index funds over 10 years, while mid/small cap active managers have often added alpha.
How does ICICI Prudential Banking and Financial Services Direct Plan-Growth rank in risk-adjusted returns vs peers?
ICICI Prudential Banking and Financial Services Direct Plan-Growth has a Sharpe ratio of 0.41 and alpha of 1.89%. A Sharpe of 0.41 means the fund generates moderate returns per unit of risk. Risk-adjusted comparison across category peers — Sharpe, alpha and beta — is shown in the Alpha, Beta & Sharpe section of the Performance tab.
Are there any funds tracking NIFTY Financial Services Total Return Index with lower costs?
Funds tracking the same benchmark as ICICI Prudential Banking and Financial Services Direct Plan-Growth — NIFTY Financial Services Total Return Index — are listed in the Similar Funds tab. Compare their expense ratios to find the most cost-efficient option for the same index exposure.
