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AI Fund Dissection
NAV as of 28 Jul 2026 · AMFI publishes T+1
Since inception
14 Mar 2013
ISIN
INF109K010A6
AI briefing
The ICICI Prudential Banking and PSU Debt Fund is a debt scheme that primarily invests in banking and PSU bonds, offering steady returns with relatively low volatility. Over the long term, it has delivered consistent positive returns (inception CAGR 8.07%) with strong downside protection, as evidenced by a low beta of 0.02 and a max drawdown of only -2.9% during the March 2020 market crash. However, its returns have trailed the Nifty 50 over longer horizons, particularly over 5 and 10 years.
The fund's risk-return profile suggests a conservative, credit-focused strategy with an emphasis on high-quality banking and PSU debt instruments. The near-zero beta and low correlation with equities indicate minimal equity exposure, likely aiming for stable income generation. The consistent positive rolling returns and low volatility point to a disciplined approach favoring safety and preservation of capital over aggressive yield chasing.
Suits
Not for
News & sentiment
No press coverage found in the last 7 days. Smaller schemes are rarely covered by name — the data sections below are unaffected.
Performance
| Window | Fund | Nifty 50 | Difference |
|---|---|---|---|
| 1M | 0.44% | 0.81% | -0.36% |
| 3M | 2.21% | 1.06% | +1.15% |
| 6M | 3.37% | -4.31% | +7.68% |
| 1YCAGR | 5.78% | -1.75% | +7.53% |
| 3YCAGR | 7.53% | 7.27% |
SIP simulator
Monthly amount
For how long
Buys units at the actual published NAV on the same date each month, then computes XIRR over the real cash flows. Not a projection — this is what the SIP would have done.
₹5,000/mo × 121 months
XIRR 7.23%After tax
Tax treatment
Debt / slab
Gains taxed at your income-slab rate
Lock-in
None
Open-ended — redeem any day
₹10,00,000 lumpsum · 5 years at the fund's 6.9% CAGR
Illustrative, using FY2025-26 rules on a hypothetical lumpsum at this fund's realised 5-year CAGR — not a projection or tax advice. Debt gains are added to your income and taxed at your slab (shown at 30%); your actual rate may differ. Surcharge and cess are excluded.
Risk profile
Volatility
1.7%
Annualised, daily NAV
Sharpe
0.92
Excess return per unit of risk
Sortino
0.84
Downside risk only
Max drawdown
-2.9%
6 Mar 2020 → 23 Mar 2020
Recovery
31 days
To reclaim the prior peak
Best 1 year
14.7%
Rolling, any start date
Worst 1 year
3.4%
Rolling, any start date
Worst-case entry
The unluckiest possible lumpsum: buy at the peak of , and you'd have watched it fall and waited just to break even. A monthly SIP would have softened this by buying through the fall; this is the lumpsum-at-the-top case.
Consistency
Every 3-year holding period since inception — 501 overlapping windows. This is what the fund returned depending on when you happened to buy.
Positive 3y windows
100%
Of 501 windows tested
Median 3y CAGR
8.0%
The typical outcome, not the best one
Vs Nifty 50
Beta
0.02
Moves less than the index
Alpha
+1.50%
Annualised, risk-adjusted
Correlation
0.16
1.0 = moves in lockstep
Upside capture
6%
Of index gains captured
Downside capture
-3%
Of index falls absorbed
Capture below 100% on the downside and above it on the upside is the pattern investors pay for. Alpha assumes a 6.5% risk-free rate. Measured against the Nifty 50— the category-appropriate index, though not necessarily this fund's exact stated benchmark.
Cost of advice
| Window | Direct | Regular | Drag |
|---|---|---|---|
| 1Y | 5.78% | 5.42% | 0.36% |
| 3Y | 7.53% | 7.17% | 0.36% |
| 5Y | 6.85% | 6.46% | 0.40% |
| 10Y | 7.42% | 7.02% | 0.41% |
₹10,00,000 held 10 years
Category
| Fund | 1Y | 3Y | 5Y | Volatility |
|---|---|---|---|---|
| Kotak Mahindra | 5.7% | 7.6% | 6.7% | 1.8% |
| ICICI Prudentialthis fund | 5.8% | 7.5% | 6.9% | 1.7% |
| HDFC | 5.3% | 7.4% | 6.4% | 1.6% |
| UTI |
Category rank
5-year return
6.9% CAGR94th percentile
Out-returned 94% of its category.
Calm (low volatility)
1.7% vol25th percentile
Steadier than 25% of its category.
Ranked against 18 same-category Direct-Growth schemes (the largest AMCs in Banking and PSU Fund by scheme count). A high return percentile with a high calm percentile is the rare combination — most funds trade one for the other. Percentile is of this sample, not the whole category.
Both sides
What the numbers support
What they warn about
Not shown, and why
Portfolio holdings, sector allocation, AUM, expense ratio and the fund manager are absent because no free machine-readable feed publishes them — SEBI mandates monthly disclosure, but each AMC posts its own spreadsheet. Rather than estimate them, this page shows only what AMFI's published NAV series can prove. The cost section derives the expense difference from Direct vs Regular NAVs instead.
NAV as of 28 Jul 2026 · AMFI publishes T+1 · Educational only, not investment advice.
Sensai publishes educational market commentary, not investment advice. We are not SEBI-registered investment advisers or research analysts, and nothing here is a recommendation to buy, sell, or hold any security.
Live prices, index levels, and other market data are pulled from third-party feeds, may be delayed, and can be inaccurate or unavailable. Do not rely on them for trading decisions.
Investing in equities carries risk, including the loss of principal. Always do your own research and consider consulting a SEBI-registered adviser before making any investment decision.
AI interpretation of the computed statistics on this page — educational, not advice. It has no access to portfolio holdings and is instructed not to guess at them.
| +0.26% |
| 5YCAGR | 6.85% | 9.07% | -2.22% |
| 10YCAGR | 7.42% | 10.84% | -3.41% |
| InceptionCAGR | 8.07% | 11.14% | -3.06% |
Compared against the Nifty 50, the category-appropriate index — a small-cap fund judged against the large-cap Nifty 50 would look better than it is. Windows under 1 year are absolute; 1 year and beyond are annualised (CAGR). Only windows the fund has actually lived through are shown. Past performance does not indicate future returns.
Sharpe and Sortino assume a 6.5% risk-free rate (~Indian 1-year T-bill).
Both plans hold the identical portfolio, so the gap between their NAVs is the commission — measured here from the published NAV series, not quoted from a TER sheet. Compared against scheme 112342. Distributors provide advice for that fee; whether it's worth it is your call.
| 5.8% |
| 7.4% |
| 7.7% |
| 3.1% |
| Nippon India | 5.2% | 7.4% | 6.4% | 1.7% |
| Nippon India | 5.2% | 7.4% | 6.4% | 1.7% |
| SBI | 5.3% | 7.4% | 6.2% | 1.4% |
Same category (Debt Scheme - Banking and PSU Fund), same plan type, sorted by 3-year CAGR. Peers are the largest AMCs in the category by scheme count — a size proxy, since scheme-level AUM isn't published in a machine-readable feed.