The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc. (This includes companies benefiting from or contributing to the growth
of the banking and financial services sector).
Benchmark:
NIFTY Financial Services
Fund Manager:
Anupam Tiwari
| ICICI Prudential Banking and Financial Services Fund | 3.86(6M) | 19.39(1Y) |
| SBI Banking & Financial Services Fund | 12.81(6M) | 28.36(1Y) |
Financial and the allied services are seemingly a place where value exists. And coupled with rapid GDP growth, this could get bigger.
Fund House AAUM:
Rs. 47855.53 Lakhs (as on 31st December 2023)
Fund Manager:
Experience of above 19 years
If you are a risk taker then sure. This sector, although the index remains flattish, could provide decent management alpha.