ICICI Prudential Services Industries Fund

ICICI Prudential Services Industries Fund is being managed by Yogesh Bhatt and Punit Mehta since Jan 2012. This fund’s performance has been below the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. New investors should rather scout for sector funds belonging to the ‘happening’ sectors.

Where does ICICI Prudential Services Industries Fund invest your money?

ICICI Prudential Services Industries Fund is a multi cap fund which means your money is invested in giant, large, medium and small size companies. The fund invests in companies of the services sector comprising of Auto components, Banking and Financial services, Health Care, Hotels, Media and Entertainment, Trade and Retail, IT and IT Enabled Services, Telecommunications, Transportation and others.

It has about 40.93% allocation in stocks of large cap companies, 23.7% allocation in stocks of mid cap companies and 23.12% allocation in stocks of small cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies. Yet exposure to mid cap companies is not avoided due to prospects of kicker returns which unfortunately does not happen often.

Suitable for what?
  • Creation of wealth
  • Lifestyle needs
Not suitable for?
  • Child's education
  • Child's marriage
  • Home Purchase
  • Retirement Planning
  • Short term needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has ICICI Prudential Services Industries Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2005 the value of your investments would be around Rs 1.92 lakhs. The fund has been giving at around 1.29% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in ICICI Prudential Services Industries Fund through SIP for the last 5 years today you would have around Rs 7.95 lakhs.

What charges apply?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of ICICI Prudential Services Industries Fund is 2.77%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year. ICICI Prudential Services Industries Fund does not qualify for sec 80C ELSS benefits.

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