ICICI Prudential Banking and Financial Services Fund
The fund remains heavily concentrated in banking—over half the portfolio—with a defensive tilt toward large-cap lenders and financial services firms that benefit from a stable, regulated environment. The substantial increase in TREPS (short-term repo instruments) alongside new positions in smaller public-sector banks signals the manager is preparing for near-term volatility while selectively adding lower-valuations plays. With just 0.3% monthly returns despite equity exposure above 95%, conviction appears cautious rather than aggressive right now.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹144.3100 | -2.26% | — | — | — |
| Regular Growth | ₹127.3500 | -2.32% | -3.38% | +10.86% | +11.78% |
| Direct IDCW | ₹66.3100 | -2.26% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Union Bank Of India | 0.51% |
| Bank Of India | 0.46% |
| Credit Analysis And Research Ltd. | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 13.88% |
| 2 | ICICI Bank Ltd. INE090A01021 | 13.24% |
| 3 | Axis Bank Ltd. INE238A01034 | 9.54% |
| 4 | TREPS | 7.51% |
| 5 | Kotak Mahindra Bank Ltd. INE237A01036 | 6.07% |
| 6 | State Bank Of India INE062A01020 | 4.51% |
| 7 | SBI Life Insurance Company Ltd. INE123W01016 | 3.93% |
| 8 | LIC Housing Finance Ltd. INE115A01026 | 3.56% |
| 9 | SBI Cards & Payment Services Ltd. INE018E01016 | 3.18% |
| 10 | ICICI Lombard General Insurance Company Ltd. INE765G01017 | 2.97% |
| 11 | HDFC Life Insurance Company Ltd. INE795G01014 | 2.91% |
| 12 | PNB Housing Finance Ltd. INE572E01012 | 2.40% |
| 13 | HDB Financial Services Ltd. INE756I01012 | 2.38% |
| 14 | Bajaj Finance Ltd. INE296A01032 | 2.08% |
| 15 | Aptus Value Housing Finance INE852O01025 | 2.07% |
| 16 | Can Fin Homes Ltd. INE477A01020 | 1.94% |
| 17 | Max Financial Services Ltd. INE180A01020 | 1.89% |
| 18 | Bajaj Finserv Ltd. INE918I01026 | 1.88% |
| 19 | Bandhan Bank Ltd. INE545U01014 | 1.86% |
| 20 | Aavas Financiers Ltd. INE216P01012 | 1.53% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Banking and Financial Services Fund hold?
ICICI Prudential Banking and Financial Services Fund holds 44 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 47.23% of NAV.
What is the largest holding in ICICI Prudential Banking and Financial Services Fund?
The largest position in ICICI Prudential Banking and Financial Services Fund is HDFC Bank Ltd., accounting for 13.88% of NAV in the Banks sector.
Is ICICI Prudential Banking and Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.599, ICICI Prudential Banking and Financial Services Fund is moderately concentrated. The HHI concentration index is 61,955 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 47.23% of the portfolio.
What is the market cap allocation of ICICI Prudential Banking and Financial Services Fund?
Based on SEBI's AMFI classification, ICICI Prudential Banking and Financial Services Fund's equity portfolio is split as: Large Cap: 54.88%, Mid Cap: 13.36%, Small Cap: 20.89%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Banking and Financial Services Fund invest in most?
ICICI Prudential Banking and Financial Services Fund has the highest allocation to Banks (50.78%), Finance (25.37%), Insurance (15.30%). The fund is invested across 7 sectors in total.
How actively managed is ICICI Prudential Banking and Financial Services Fund compared to other Sectoral / Thematic funds?
ICICI Prudential Banking and Financial Services Fund has an Active Share of 83.53%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ICICI Prudential Banking and Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Banking and Financial Services Fund added 3 new stocks (including Union Bank Of India) and exited 1 stock (including 91 Days Treasury Bills). Total holding count increased from 45 to 47 stocks.