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Banking And PSU Debt Fund - ICICI Prudential

ICICI Prudential Banking And PSU Debt Fund

The banking sector of any economy is regarded as its lifeline, as it is all-encompassing and touches almost all the other sectors of the economy. Its significance in India is heightened, as it is a core sector, accorded with national importance.

Public Sector Undertakings (PSUs) are an important segment of the Indian economy. Due to their majority sovereign ownership, they are apparently regarded as quasi-government entities. Their presence in various core sectors gives the segment a diversified flavor. PSUs issuances are regarded as safe investment instruments and are more liquid.

ICICI Prudential Banking & PSU Debt Fund, an open-ended income fund, aims 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. This suits very conservative investors, who want to deploy surplus funds in an investment avenue which is oriented towards preserving investor wealth, and at the same time offering commensurate returns.

Schemes - ICICI Prudential Banking And PSU Debt Fund

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

To generate income through predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Key Features

Key Benefits

  • The portfolio would usually comprise of high credit quality investment grade instruments.
  • Accrual income usually provides stable portfolio returns.
  • The probability of capital erosion is low and Interest rate risk is sought to be minimized by maintaining a low duration.

Who should invest?

  • Short term savings
  • An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Scheme Features
Type An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Underlying
ISIN
NSE Symbol & BSE Scrip ID
BSE Scrip Code
Pricing
Application size - Directly with AMC
Application size through NSE & BSE
Entry Load Not Applicable
Exit Load Nil
Authorized Participant

Fund Manager

Rahul Goswami and Chandni Gupta

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