ICICI Prudential Banking and PSU Debt Fund
Banking and PSUModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹34.86-0.06%1 day
- Return since launch
- 7.7%
- 52-week range
- ₹33.18 — ₹34.95
- AUM
- ₹8,667 Cr
ICICI Prudential Banking and PSU Debt Fund is a Banking and PSU debt fund from ICICI Prudential Mutual Fund with ₹8,667 Cr under management, launched in 2009. Over three years it has returned 6.3% a year, against 6.7% for its category. The expense ratio is 0.74% and the SEBI riskometer reading is Moderate.
Performance
ICICI Prudential Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.1% against +4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.8% | +0.1 pts | 4.7% | 4.6% |
| 2Y | 5.6% | +0.3 pts | 5.3% | 5.3% |
| 3Y | 6.3% | −0.4 pts | 6.7% | 6.1% |
| 5Y | 6.6% | +0.7 pts | 5.8% | 6.3% |
| 7Y | 6.4% | +0.3 pts | 6.1% | 6.1% |
| 10Y | 6.6% | 0.0 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | −0.1 pts | 0.1% | 0.1% |
| 3M | 0.4% | −0.1 pts | 0.6% | 0.6% |
| 6M | 3.1% | +0.1 pts | 3.0% | 3.0% |
| 1Y | 5.1% | +0.4 pts | 4.7% | 4.6% |
| 2Y | 6.5% | +0.4 pts | 6.1% | 6.1% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.2% | +0.4 pts | 5.8% | 5.8% |
| 7Y | 6.7% | +0.3 pts | 6.4% | 6.3% |
| 10Y | 6.8% | +0.1 pts | 6.7% | 6.6% |
Since launch (28 Dec 2009): 7.7%
Calendar-year returns
Category average9.3%
4.2%
4.3%
7.3%
7.8%
7.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.6% | −0.1 pts | 7.7% |
| 2024 | 7.8% | −0.3 pts | 8.2% |
| 2023 | 7.3% | +0.3 pts | 7.0% |
| 2022 | 4.3% | +0.4 pts | 3.9% |
| 2021 | 4.2% | +0.4 pts | 3.8% |
| 2020 | 9.3% | −1.2 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.74%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.62%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.11%
- Exit load
- Exit load of 0.25% if redeemed within 1 month
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.74 | 0.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.08 | 1.66 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.42 | 1.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
ICICI Prudential Banking and PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.7%
- Other5.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 5.65% | ₹489 Cr | +4.00% | +3.82% | +3.59% |
| Others | Others | 4.46% | ₹387 Cr | +1.71% | +1.60% | +1.45% |
| LIC Housing Finance Ltd. | Financial | 3.74% | ₹325 Cr | +3.61% | +3.44% | +4.50% |
| REC Ltd. | Financial | 3.72% | ₹322 Cr | +0.80% | +1.08% | +2.48% |
| National Bank For Agriculture & Rural Development | Financial | 3.46% | ₹300 Cr | +6.69% | +6.38% | +0.60% |
| Mahanagar Telephone Nigam Ltd. | Communication | 2.91% | ₹252 Cr | +4.88% | +4.75% | +4.41% |
| Axis Bank Ltd. | Financial | 2.36% | ₹204 Cr | +1.25% | +1.09% | +1.03% |
| HDFC Bank Ltd. | Financial | 2.32% | ₹201 Cr | +2.23% | +2.64% | +1.00% |
| Export-Import Bank Of India | Financial | 2.30% | ₹199 Cr | +2.78% | +2.64% | — |
| Siddhivinayak Securitisation Trust | Others | 2.29% | ₹198 Cr | +2.21% | +2.14% | — |
| Power Finance Corporation Ltd. | Financial | 2.09% | ₹181 Cr | +3.45% | +3.32% | +4.37% |
| Housing & Urban Development Corporation Ltd. | Financial | 2.01% | ₹174 Cr | +3.29% | +3.14% | +1.32% |
| Shivshakti Securitisation Trust | Others | 1.71% | ₹148 Cr | +1.66% | +1.60% | — |
| Madhya Pradesh State | Others | 1.39% | ₹121 Cr | +1.33% | +1.28% | +1.21% |
| GOI | Sovereign | 1.35% | ₹117 Cr | +0.01% | +0.04% | +4.67% |
| Bajaj Finance Ltd. | Financial | 1.14% | ₹98.90 Cr | +1.21% | — | — |
| Tata Capital Ltd. | Financial | 0.92% | ₹79.66 Cr | +0.90% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.84% | ₹72.92 Cr | +0.54% | +0.52% | +0.49% |
| India Universal Trust AL1 | Others | 0.82% | ₹70.88 Cr | +0.82% | +0.80% | +0.78% |
| Citi Corp Finance Ltd | Financial | 0.75% | ₹64.94 Cr | +0.73% | — | +0.64% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.58% | ₹49.84 Cr | +0.56% | — | — |
| Axis Finance Ltd. | Financial | 0.57% | ₹49.60 Cr | — | — | — |
| Bharat Sanchar Nigam Ltd | Communication | 0.57% | ₹49.17 Cr | +0.55% | +0.53% | +0.50% |
| Chhattisgarh State | Others | 0.57% | ₹49.14 Cr | +0.30% | +0.29% | +0.27% |
| MashreqBank PSC | Financial | 0.57% | ₹49.05 Cr | +0.54% | +0.50% | — |
| Canara Bank | Financial | 0.56% | ₹48.35 Cr | +0.53% | +0.50% | — |
| Union Bank of India | Financial | 0.55% | ₹47.75 Cr | +0.52% | +0.50% | — |
| Maharashtra State | Others | 0.55% | ₹47.59 Cr | +0.07% | +0.07% | +0.39% |
| Telangana State | Financial | 0.51% | ₹44.24 Cr | +0.49% | +0.47% | — |
| ICICI Home Finance Company Ltd. | Financial | 0.29% | ₹24.78 Cr | +0.28% | +0.26% | +0.49% |
| Karnataka State | Others | 0.26% | ₹22.83 Cr | +0.25% | +0.60% | +0.23% |
| Bihar State | Others | 0.19% | ₹16.87 Cr | +0.19% | +0.18% | — |
| ICICI Bank Ltd. | Financial | 0.17% | ₹14.56 Cr | +0.44% | +0.42% | +0.15% |
| West Bengal State | Others | 0.06% | ₹5.59 Cr | +0.06% | +0.06% | +0.06% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kotak Mahindra Bank Ltd. | 0.55% | 0.00% | -0.55% |
| Bank Of Baroda | 0.55% | 0.00% | -0.55% |
| Mahanagar Telephone Nigam Ltd. | 2.51% | 1.99% | -0.52% |
| National Bank For Agriculture & Rural Development | 3.40% | 2.89% | -0.51% |
| Maharashtra State | 0.07% | 0.55% | +0.48% |
| Indian Railway Finance Corporation Ltd. | 1.12% | 0.84% | -0.27% |
| Chhattisgarh State | 0.31% | 0.57% | +0.26% |
| LIC Housing Finance Ltd. | 3.67% | 3.74% | +0.07% |
| Siddhivinayak Securitisation Trust | 2.24% | 2.29% | +0.05% |
| Shivshakti Securitisation Trust | 1.67% | 1.71% | +0.04% |
| Kotak Mahindra Investments Ltd. | 0.03% | 0.00% | -0.03% |
| Export-Import Bank Of India | 1.41% | 1.44% | +0.03% |
| Madhya Pradesh State | 1.37% | 1.39% | +0.02% |
| Housing & Urban Development Corporation Ltd. | 1.12% | 1.14% | +0.02% |
| Karnataka State | 0.28% | 0.26% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 1.02% | 1.03% | +0.02% |
| Axis Bank Ltd. | 1.22% | 1.23% | +0.02% |
| Bajaj Finance Ltd. | 1.12% | 1.14% | +0.02% |
| Citi Corp Finance Ltd | 0.73% | 0.75% | +0.02% |
| MashreqBank PSC | 0.55% | 0.57% | +0.02% |
| Canara Bank | 0.54% | 0.56% | +0.01% |
| Tata Capital Ltd. | 0.90% | 0.92% | +0.01% |
| Union Bank of India | 0.54% | 0.55% | +0.01% |
| Power Finance Corporation Ltd. | 0.88% | 0.89% | +0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.57% | 0.58% | +0.01% |
| Others | 0.35% | 0.36% | +0.01% |
| Axis Finance Ltd. | 0.56% | 0.57% | +0.01% |
| Telangana State | 0.50% | 0.51% | +0.01% |
| ICICI Home Finance Company Ltd. | 0.28% | 0.29% | 0.00% |
| REC Ltd. | 0.23% | 0.23% | 0.00% |
| Bharat Sanchar Nigam Ltd | 0.56% | 0.57% | 0.00% |
| India Universal Trust AL1 | 0.81% | 0.82% | 0.00% |
| HDFC Bank Ltd. | 0.57% | 0.56% | 0.00% |
| ICICI Bank Ltd. | 0.17% | 0.17% | 0.00% |
| Bihar State | 0.19% | 0.19% | 0.00% |
| GOI | 0.02% | 0.02% | 0.00% |
| West Bengal State | 0.06% | 0.06% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,756 Cr | 0.60% | 5.5% | 6.6% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.6% | 6.4% | 6.5% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.5% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.7% | 6.8% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to generate income through predominantly investing in Debt instruments of banks, Public Sector
Fund managers
- Manish BanthiaMr. Banthia is B.Com, CA and MBAHe is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
- Rohit LakhotiaMr. Lakhotia has done B.Tech from NIT(Rourkela) and MBA from National Institute of Industrial EngineeringPrior to joining ICICI Prudential Mutual Fund, he has worked with Yes Bank and Samsung Electronics
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.11% absolute | ₹60,000 | ₹61,866 | 3.11% | |
| 1 year5.06% annualised | ₹1,20,000 | ₹1,23,340 | 2.78% | |
| 3 years6.81% annualised | ₹3,60,000 | ₹4,00,423 | 11.23% | |
| 5 years6.21% annualised | ₹6,00,000 | ₹7,05,109 | 17.52% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of ICICI Prudential Banking and PSU Debt Fund?
The NAV of ICICI Prudential Banking and PSU Debt Fund is ₹34.86 as on 25 Sep 2026.
What is the expense ratio of ICICI Prudential Banking and PSU Debt Fund?
The expense ratio of ICICI Prudential Banking and PSU Debt Fund is 0.74% per year.
What is the minimum SIP amount for ICICI Prudential Banking and PSU Debt Fund?
You can start a SIP in ICICI Prudential Banking and PSU Debt Fund with ₹3,000 a month.
What returns has ICICI Prudential Banking and PSU Debt Fund given?
ICICI Prudential Banking and PSU Debt Fund has returned 4.8% over 1 year, 6.3% over 3 years and 6.6% over 5 years (annualised).
Is there a lock-in or exit load on ICICI Prudential Banking and PSU Debt Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 1 month.
How risky is ICICI Prudential Banking and PSU Debt Fund?
ICICI Prudential Banking and PSU Debt Fund is rated Moderate on the SEBI riskometer and belongs to the Banking and PSU category.
Which fund house manages ICICI Prudential Banking and PSU Debt Fund?
ICICI Prudential Banking and PSU Debt Fund is managed by ICICI Prudential Mutual Fund, which runs 109 schemes with ₹11,76,218 Cr under management.