Nippon India Nifty Bank Index Fund Direct Growth
NAV as on 29-04-2025
₹ 11.85
▲1.4%
1D
Inception Returns
15.5%
/yr
Historical NAV & Returns
Absolute
▲
▼
725 people have invested ₹ 32.6L in Nippon India Nifty Bank Index Fund Direct Growth in the last three months
About Nippon India Nifty Bank Index Fund Direct Growth
Nippon India Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 22 February, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Nifty Bank Index Fund Direct Growth has ₹144 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 15.51% since inception. Over the last 1 year the fund has given a CAGR return of 15.54%.
Holdings
Nippon India Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
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 Nippon India Nifty Bank Index Fund Direct Growth
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty Bank Index Fund Direct Growth has no lock in period.
Nippon India Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹144 Cr |
| Inception Date | 22 February, 2024 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 8.96% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (31-Mar-25)
Large cap
85%
Mid cap
14.8%
Sector Allocation
Financial Services
100%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.62% whereas the fund’s underlying benchmark Nifty 50 returns stands at 6.33% as on Mar'25
- This fund outperformed Nifty 50 by 0.29% in Mar'25
- AUM of the fund stands at 143.9 Cr as of Mar'25
- AUM increased by 14.6 Cr between Mar'25 and Feb'25
Top Stocks bought last month
State Bank of India's allocation increased from 7.7% to 8.5%
ICICI Bank Ltd's allocation increased from 24.68% to 25.34%
Bank of Baroda's allocation increased from 2.75% to 3.4%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 28.88 % to 28.23 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.86 % to 8.52 %
Axis Bank Ltd's allocation decreased from 8.57 % to 8.39 %
Mid Cap allocation has gone down from 15.3% to 14.8%
Large Cap allocation has gone up from 84.7% to 85%
Cash allocation has gone up from 0.1% to 0.2%
Top Sector in March was Financial Services
Mar'25
Financial Services
100%
Feb'25
Financial Services
100%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 28.23% | 3.1% | |
 ICICI Bank Ltd | 25.34% | 2% | |
 Kotak Mahindra Bank Ltd | 8.52% | -15.8% | |
 State Bank of India | 8.5% | 9.6% | |
 Axis Bank Ltd | 8.39% | 0.4% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India Nifty Bank Index Fund Direct Growth | 15.54% | - | - | 15.51% |
 Motilal Oswal Nifty Bank Index Fund Direct Growth | 16.16% | 16.09% | 22.44% | 13.49% |
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth | 10.22% | 21.78% | 32.82% | 25.84% |
 UTI Nifty 50 Index Fund-Growth Option- Direct | 9.84% | 13.38% | 22.28% | 13.07% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 8.6% |
 ICICI Bank Ltd | 8.4% |
 Kotak Mahindra Bank Ltd | 3.7% |
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Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹3.92L Cr
as on 31-Mar-2025
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Nippon India Nifty Bank Index Fund Direct Growth 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 15.51% since inception which is more than its category average return of 9.28%
Fund Allocations
This fund has an allocation of 99.84% in Equity, 0% in Debt and 0.16% in Cash related instruments
AUM size ₹144 Cr
This fund has AUM of ₹144 Cr which is less than its category average of ₹ 750 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Nippon India Nifty Bank Index Fund Direct Growth
The current NAV of Nippon India Nifty Bank Index Fund Direct Growth is ₹11.85 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Nippon India Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.41% | 7.41% |
6 Month Returns | 7.9% | 7.9% |
1 Year Returns | 15.54% | 15.54% |
3 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 2025
₹144 Cr as on March 2025
HDFC Bank Ltd(28.23%), ICICI Bank Ltd(25.34%), Kotak Mahindra Bank Ltd(8.52%), State Bank of India(8.5%), Axis Bank Ltd(8.39%) as on March 2025
The alpha ratio for the Nippon India Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
As on March 2025
The alpha for Nippon India Nifty Bank Index Fund Direct Growth is calculated against 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 Nippon India Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
As on March 2025
The Beta for Nippon India Nifty Bank Index Fund Direct Growth is calculated with 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 Nippon India Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | 0.28 | - | - |
As on March 2025
The sharpe ratio for Nippon India Nifty Bank Index Fund Direct Growth is calculated with 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 Nippon India Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | 12.56 | - | - |
As on March 2025
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.
The Exit load of Nippon India Nifty Bank Index Fund Direct Growth is 0%