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

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

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NAV: ₹ 13.71 as on 17-05-2024

About the Fund

ICICI Prudential Nifty Bank Index Fund Direct Reinvestment 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

  1. ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹399 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.
Fund Performance
zero opening, trading, fund transfer fee
6 people have invested ₹ 18K in ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl in the last three months

Overview

Expense ratio
Expense ratio
0.2%
Benchmark
Benchmark
IISL Nifty Bank TR INR
AUM
AUM
₹399 Cr
Inception Date
Inception Date
2 March, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
55.42%

ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Size breakup

Large cap
92.4%
Mid cap
7.4%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
100%

Top Holdings of ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (30-Apr-24)

  • Equity

Equity Holdings12

Gainers & Losers Returns for the month of Apr

Top Growth Drivers
1M Return
Axis Bank Ltd
Axis Bank Ltd
11.5%
ICICI Bank Ltd
ICICI Bank Ltd
7.1%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.80%
2.20%
0.23%
Nifty Bank
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 4.80% whereas the fund’s underlying benchmark Nifty Bank returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty Bank by 4.16% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 398.6 Cr
₹ 360.4 Cr
₹ 334.3 Cr
  • AUM of the fund stands at 398.6 Cr as of Apr'24
  • AUM increased by 38.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 2 March 2022

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

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.35% since inception which is less than its category average return of 19.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.81% in Equity, 0% in Debt and 0.19% in Cash related instruments
AUM size ₹399 Cr

AUM size ₹399 Cr

This fund has AUM of ₹399 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.2%

Expense Ratio 0.2%

This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹13.71 as on 17-May-2024.
Existing (Absolute + CAGR) as on 17-May-2024.
ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
1.7%
1.7%
6 Month Returns
10.68%
10.68%
1 Year Returns
10.7%
10.7%
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 April 2024
₹399 Cr as on April 2024
HDFC Bank Ltd(28.99%), ICICI Bank Ltd(23.77%), Axis Bank Ltd(9.74%), State Bank of India(9.55%), Kotak Mahindra Bank Ltd(7.89%) as on April 2024
The alpha ratio for the ICICI Prudential Nifty Bank Index Fund Direct Reinvestment 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 Reinvestment Inc Dist cum Cap Wdrl
-0.38
-
-
As on April 2024
The alpha for ICICI Prudential Nifty Bank Index Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment Inc Dist cum Cap Wdrl
1
-
-
As on April 2024
The Beta for ICICI Prudential Nifty Bank Index Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment Inc Dist cum Cap Wdrl
0.59
-
-
As on April 2024
The sharpe ratio for ICICI Prudential Nifty Bank Index Fund Direct Reinvestment 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 Reinvestment 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 Reinvestment Inc Dist cum Cap Wdrl
13.26
-
-
As on April 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 Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential Nifty Bank Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 0%