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Should I invest in ICICI Prudential Banking & Financial Services Fund?

ET Online|
Sep 12, 2018, 04.39 PM IST
0Comments
Are you looking for 'how to invest' or 'how to choose'?
Is it good to invest in ICICI Prudential Banking and Financial Services Fund now? I have started an SIP in this fund. Also, please suggest some good fund for long-term wealth creation. I can take risk.
-- Akshay Abhineet


You have chosen a scheme that focuses on the banking and financial sector. These sector scheme has the potential to offer superior returns, but they can also be cyclical and volatile. That is why sector schemes are typically recommended to sophisticated investors with sound knowledge about the sector. You may continue with the scheme if you know the sector well. Also, you should invest only a small part of your total portfolio (10 per cent or so) in sector schemes.

It is not possible to suggest any schemes to you since you have not shared your goals, investment horizon and risk profile with us. It is extremely important to choose your mutual fund schemes based on these factors.

You may take a look at our equity mutual fund SIP portfolios. For more, read: Best mutual funds to invest in 2018

0Comments
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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