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.
₹15.83
▲0.2%1D
NAV as on 16 May 2025
15.41%/per year
Since Inception
▲▼
760 people have invested ₹ 89.1L in ICICI Prudential Nifty Bank Index Fund Direct Growth 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 (13-May-25)
Fund Distribution
as on (13-May-25)
Equity 100%
Debt & Cash 0%
ICICI Prudential Nifty Bank Index Fund Sector Allocation
See fund sector allocation details as on (13-May-25)
Sector Allocation
Equity 100%
Debt & Cash 0%
Top Sector in April was Financial Services
Financial Services
100%
Financial Services
100%
ICICI Prudential Nifty Bank Index Fund Holdings Details
as on (30-Apr-25)
Equity
ICICI Prudential Nifty Bank Index Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹596 Cr |
| Inception Date | 2 March, 2022 |
| Min Lumpsum/SIP | ₹1000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 55.42% |
| 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 |
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 Nishit Patel. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Nifty Bank Index Fund Direct Growth has ₹596 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
ICICI Prudential Nifty Bank Index Fund Direct Growth has given a CAGR return of 15.41% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 15.81% and 18.54% respectively.
Holdings
ICICI Prudential 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, Axis Bank Ltd, State Bank of India, Kotak Mahindra 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 ICICI Prudential Nifty Bank Index Fund Direct Growth
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 Direct Growth has no lock in period.
Fund Manager
Nishit Patel
Fund Manager of ICICI Prudential Nifty Bank Index Fund Direct Growth, since 2 March 2022
- AUM of the fund stands at 565.9 Cr as of Apr'25
- AUM has remained same between Apr'25 and Mar'25
More funds from ICICI
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▲ 34.37
5Y CAGR
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Frequently Asked Questions for ICICI Prudential Nifty Bank Index Fund Direct Growth
What is the current NAV of ICICI Prudential Nifty Bank Index Fund Direct Growth?
What are the average returns of ICICI Prudential Nifty Bank Index Fund Direct Growth?
ICICI Prudential Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.37% | 4.37% |
6 Month Returns | 10.33% | 10.33% |
1 Year Returns | 15.81% | 15.81% |
3 Years Returns | 66.56% | 18.54% |
How do I invest in ICICI Prudential Nifty Bank Index Fund Direct Growth?
- 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.
What is the expense ratio of ICICI Prudential Nifty Bank Index Fund Direct Growth?
What is net assets under management (AUM) of ICICI Prudential Nifty Bank Index Fund Direct Growth?
What are the top 5 holdings of ICICI Prudential Nifty Bank Index Fund Direct Growth?
What is the alpha of ICICI Prudential Nifty Bank Index Fund Direct Growth?
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | -0.29 | -0.43 | - |
What is the beta of ICICI Prudential Nifty Bank Index Fund Direct Growth??
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | 1 | 1 | - |
What is the sharpe ratio of ICICI Prudential Nifty Bank Index Fund Direct Growth?
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | 0.42 | 0.61 | - |
What is the standard deviation of ICICI Prudential Nifty Bank Index Fund Direct Growth?
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | 13.43 | 14.99 | - |