ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl

ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is an equity fund. This fund was started on 2 March, 2022. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has ₹615 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 16.09% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 9.97% and 20.22% respectively.

ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd

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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 for lump sum payment is INR 0.00 and for SIP is INR 0.00. ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.