ICICI Prudential Nifty Bank Index Fund Direct Growth
Get the latest NAV of ICICI Prudential Nifty Bank Index Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹16.13
▲0.1%1D
NAV as on 16 Oct 2026
10.89%/per year
Since Inception
▲▼
924 people have invested ₹ 74.9L in ICICI Prudential Nifty Bank Index Fund in the last three months
Peer comparison
ICICI Prudential Nifty Bank Index Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
ICICI Prudential Nifty Bank Index Fund Asset Allocation
See fund asset allocation details as on (14-Oct-26)
Fund Distribution
as on (14-Oct-26)
ICICI Prudential Nifty Bank Index Fund Sector Allocation
See fund sector allocation details as on (14-Oct-26)
Sector Allocation
Top Sector in September was Financial Services
Financial Services
100%
Financial Services
100%
ICICI Prudential Nifty Bank Index Fund Holdings Details
as on (30-Sep-26)
ICICI Prudential Nifty Bank Index Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.23% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹733 Cr |
| Inception Date | 2 March, 2022 |
| Min Lumpsum/SIP | ₹1,000/₹1,000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 30.86% |
| Risk |   Very High Risk |
About ICICI Prudential Nifty Bank Index Fund
ICICI Prudential Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 2 March, 2022. The fund is managed by Venus Ahuja, Ashwini Shinde, Nishit Patel, Ajaykumar Solanki. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty Bank Index Fund has ₹733 Cr worth of assets under management (AUM) as on Oct 2026 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
ICICI Prudential Nifty Bank Index Fund has given a CAGR return of 10.89% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -2.34% and 8.65% respectively.
Holdings
ICICI Prudential Nifty Bank Index Fund has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, State Bank of India
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of ICICI Prudential Nifty Bank Index Fund
The objective of the Scheme is to invest in companies whose securities are included in Nifty Bank Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Bank Index in the same weightage that they represent in Nifty Bank Index. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 1000.00. ICICI Prudential Nifty Bank Index Fund has no lock in period.
Fund Manager
Venus Ahuja
Fund Manager of ICICI Prudential Nifty Bank Index Fund, since 1 November 2025
Ashwini Shinde
Fund Manager of ICICI Prudential Nifty Bank Index Fund, since 18 December 2024
Nishit Patel
Fund Manager of ICICI Prudential Nifty Bank Index Fund, since 2 March 2022
Ajaykumar Solanki
Fund Manager of ICICI Prudential Nifty Bank Index Fund, since 1 February 2024
- AUM of the fund stands at 733.4 Cr as of Sep'26
- AUM decreased by 60.2 Cr between Sep'26 and Aug'26
Frequently Asked Questions for ICICI Prudential Nifty Bank Index Fund Direct Growth
How do I invest in ICICI Prudential Nifty Bank Index Fund?
- Download the INDmoney app.
- Search for ‘ICICI Prudential Nifty Bank Index Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.