ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl
Equity
Direct
Index Funds
NAV: ₹ 13.48 as on 16-04-2024
Fund Performance
7 people have invested ₹ 32K in ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl in the last three months
About the 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.
Key Parameters
- ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl has ₹360 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.2.
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl Overview
 | 0.2% |
 Benchmark | IISL Nifty Bank TR INR |
 | ₹360 Cr |
 | 2 March, 2022 |
 | --/-- |
 | 0% |
 | No Lock-in |
 TurnOver | 55.42% |
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl Distribution as on (31-Mar-24)
Size breakup
Large cap
92.8%
Mid cap
7.1%
Sector Allocation
Financial Services
100%
Top Holdings of ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl as on (31-Mar-24)
Equity Holdings12
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.20% whereas the fund’s underlying benchmark Nifty Bank returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty Bank by 2.25% in Mar'24
AUM Change
- AUM of the fund stands at 360.4 Cr as of Mar'24
- AUM increased by 26.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
 ICICI Bank Ltd | 1.9% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
 State Bank of India | 2.6% |
 IDFC First Bank Ltd | 8.8% |
Peer Analysis
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl, since 2 March 2022
Top funds managed
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.09% since inception which is less than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.92% in Equity, 0% in Debt and 0.08% in Cash related instruments
AUM size ₹360 Cr
This fund has AUM of ₹360 Cr which is less than its category average of ₹ 683 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is ₹13.48 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 1.93% | 1.93% |
6 Month Returns | 7.22% | 7.22% |
1 Year Returns | 13.21% | 13.21% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.2% as on March 2024
₹360 Cr as on March 2024
HDFC Bank Ltd(28.98%), ICICI Bank Ltd(23.71%), Axis Bank Ltd(9.18%), State Bank of India(9.13%), Kotak Mahindra Bank Ltd(9.11%) as on March 2024
The alpha ratio for the ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl | -0.38 | - | - |
As on March 2024
The alpha for ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated against IISL Nifty Bank TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl | 1 | - | - |
As on March 2024
The Beta for ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with IISL Nifty Bank TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl | 0.69 | - | - |
As on March 2024
The sharpe ratio for ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is calculated with IISL Nifty Bank TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl | 13.83 | - | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Nishit Patel is the fund manager of ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Nifty Bank Index Fund Direct Payout Inc Dist cum Cap Wdrl is 0%