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ICICI Prudential Nifty Bank Index Fund Direct - Gr...
(Scheme Rating)
NAV as of Oct 20, 2025
16.690.55%
- Growth - Direct
(Earn upto 0.61% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.15%(0.59% Category
average)Fund Size:
Rs. 614.91 Cr(1.17% of Investment in Category)
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ICICI Prudential Nifty Bank Index Fund Direct - Growth
(Scheme Rating)
NAV as of Oct 20, 2025
16.690.55%
Expense Ratio:
0.15%
Fund Size:
Rs. 614.91 Cr
Fund Category:
Equity: Sectoral-Banking
ICICI Prudential Nifty Bank Index Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Nifty Bank Index Fund - Direct Plan as of Oct 20, 2025 is Rs 16.69 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.45% (1yr), 13.73% (3yr) and 14.45% (since launch). Whereas, Category returns for the same time duration are: 10.32% (1yr), 16.84% (3yr) and 21.56% (5yr).
3. Fund Size: The ICICI Prudential Nifty Bank Index Fund - Direct Plan currently holds Assets under Management worth of Rs 614.91 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.15% for Direct plan as on Oct 09, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Nifty Bank Index Fund - Direct Plan as of Oct 20, 2025 is Rs 16.69 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 10.45% (1yr), 13.73% (3yr) and 14.45% (since launch). Whereas, Category returns for the same time duration are: 10.32% (1yr), 16.84% (3yr) and 21.56% (5yr).
3. Fund Size: The ICICI Prudential Nifty Bank Index Fund - Direct Plan currently holds Assets under Management worth of Rs 614.91 crore as on Sep 30, 2025.
4. Expense ratio: The expense ratio of the fund is 0.15% for Direct plan as on Oct 09, 2025.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 1000.
ICICI Prudential Nifty Bank Index Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 4.62 3.36 7.64 11.93 13.73 - Category Avg 4.45 3.92 9.84 12.13 16.79 21.92 Rank within Category 10 18 28 16 17 - No. of funds within Category 66 65 64 58 32 23 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Bank Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
- 6M
- 1Y
- 5Y
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ICICI Prudential Nifty Bank Index Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks 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.
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | Mar 02, 2022 |
| Benchmark | NIFTY Bank Total Return Index |
| Return Since Launch | 15.11% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Low |
ICICI Prudential Nifty Bank Index Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 1,000.00 |
| Minimum Additional Investment (Rs.) | 1,000.00 |
| Minimum SIP Investment (Rs.) | 1,000.00 |
| Minimum Withdrawal (Rs.) | - |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
| SEP 2025 | AUG 2025 | JUL 2025 | JUN 2025 | MAY 2025 | APR 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 12 | 12 | 12 | 12 | 12 | 12 |
| Top 5 Company Holdings | 79.76% | 79.49% | 79.39% | 78.44% | 77.21% | 77.71% |
| Top 10 Company Holdings | 94.78% | 94.94% | 94.8% | 94.53% | 94.39% | 94.89% |
| Company with Highest Exposure | HDFC Bank (28.48%) | HDFC Bank (28.54%) | HDFC Bank (28.97%) | HDFC Bank (28.01%) | HDFC Bank (27.81%) | HDFC Bank (27.86%) |
| Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
| Top 3 Sector Holdings | 99.98% | 99.76% | 99.6% | 99.46% | 99.97% | 99.97% |
| Top 5 Sector Holdings | 99.98% | 99.76% | 99.6% | 99.46% | 99.97% | 99.97% |
| Sector with Highest Exposure | Financial (99.98%) | Financial (99.76%) | Financial (99.6%) | Financial (99.46%) | Financial (99.97%) | Financial (99.97%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 28.48 21.39 47.10 17.53 ICICI Bank Financial 24.37 18.53 74.61 9.03 State Bank of India Financial 9.17 10.55 86.06 14.88 Kotak Mahindra Bank Financial 8.96 22.81 96.30 24.61 Axis Bank Financial 8.78 14.76 83.76 5.11 Indusind Bank Financial 3.14 -77.80 -9.75 -40.49 Bank of Baroda Financial 3.1 7.18 37.63 15.64 The Federal Bank Financial 3.08 14.17 16.04 20.07 IDFC First Bank Financial 2.99 43.55 1.76 12.37 Canara Bank Financial 2.71 6.92 18.37 31.34
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Nifty Bank Index Fund Direct - Growth 16.69 614.91 4.62 11.93 13.73 - Nippon India Banking & Financial Services Fund Direct-Growth 710.93 7,185.31 3.56 11.60 19.73 26.37 HDFC Banking & Financial Services Fund Direct - Growth 18.68 4,134.89 4.22 11.45 19.49 - Sundaram Financial Services Opportunities Fund Direct-Growth 119.74 1,513.67 4.34 7.81 20.79 23.47 Invesco India Financial Services Fund Direct-Growth 169.74 1,422.29 3.37 10.84 23.19 23.22
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
High Volatality
12.97VS12.70Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.99VS0.88Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.51VS0.83Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
6.73VS12.26Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
0.26VS4.83Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
12.95VS16.83Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
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Fund Manager
- N.P.Nishit PatelSince Feb 202225 schemes
- A.K.Ajay Kumar SolankiSince Feb 20249 schemes
Mr. Patel is a B.Com & Chartered Accountant Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Mr. Solanki has done B.Com, CA and CFA Level-III Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential Equity Savings Fund Direct-Growth Equity Savings 24.71 16,487.15 7.49 ICICI Prudential BHARAT 22 FOF Direct - Growth Large Cap 33.43 2,353.77 -2.07 ICICI Prudential Equity Arbitrage Direct-Growth Arbitrage 37.47 32,573.00 7.28 ICICI Prudential Nifty Midcap 150 Index Fund Direct - Growth Mid Cap 19.56 835.68 0.91 ICICI Prudential Nifty 50 Index Direct Plan-Growth Large Cap 271.22 14,106.24 5.01 ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth Small Cap 17.61 548.50 -5.83 ICICI Prudential BSE Sensex Index Fund Direct - Growth Large Cap 27.97 1,881.20 4.87 ICICI Prudential Nifty Next 50 Index Direct-Growth Large Cap 64.34 7,964.02 -6.21 ICICI Prudential Nifty IT Index Fund Direct - Growth Sectoral-Technology 12.35 Unrated 498.36 -14.33
More ICICI Prudential Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Large Cap Fund Direct-Growth | 71,787.87 | 0.84 | 1.31 | 13.16 | 0.68 | 18.47 | |
| ICICI Prudential Balanced Advantage Direct-Growth | 64,964.03 | 1.44 | 2.38 | 10.63 | 6.35 | 13.63 | |
| ICICI Prudential Multi Asset Fund Direct-Growth | 63,001.13 | 1.89 | 2.32 | 10.44 | 8.46 | 20.11 | |
| ICICI Prudential Value Direct-Growth | 53,715.52 | 0.90 | 1.22 | 12.52 | 0.53 | 21.96 | |
| ICICI Prudential Liquid Fund Direct Plan-Growth | 51,593.46 | 0.47 | 1.47 | 3.34 | 6.98 | 7.06 | |
| ICICI Prudential Equity & Debt Fund Direct-Growth | 44,605.00 | 1.77 | 2.63 | 12.96 | 4.77 | 19.90 | |
| ICICI Prudential Money Market Direct-Growth | 36,942.29 | 0.43 | 1.58 | 4.22 | 7.99 | 7.61 | |
| ICICI Prudential Corporate Bond Fund Direct Plan -Growth | 33,573.85 | 0.10 | 1.07 | 4.68 | 8.54 | 8.04 | |
| ICICI Prudential Equity Arbitrage Direct-Growth | 31,526.24 | 0.39 | 1.57 | 3.58 | 7.31 | 7.64 | |
| ICICI Prudential India Opportunities Fund Direct - Growth | 29,718.06 | 0.37 | 0.21 | 11.50 | 0.26 | 23.46 |
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About ICICI Prudential Nifty Bank Index Fund Direct - Growth
1. ICICI Prudential Nifty Bank Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 02, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks 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. "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.98% in equities, 0.0% in debts and 0.02% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 94.78% of the assets, the top 3 sectors constitute around 99.98% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Nifty Bank Index Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. ICICI Prudential Nifty Bank Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 02, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks 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. "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.98% in equities, 0.0% in debts and 0.02% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 94.78% of the assets, the top 3 sectors constitute around 99.98% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Nifty Bank Index Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about ICICI Prudential Nifty Bank Index Fund Direct - Growth
- Is it safe to invest in ICICI Prudential Nifty Bank Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Nifty Bank Index Fund - Direct Plan comes under Very High risk category.
- What is the category of ICICI Prudential Nifty Bank Index Fund - Direct Plan?ICICI Prudential Nifty Bank Index Fund - Direct Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in ICICI Prudential Nifty Bank Index Fund - Direct Plan?The suggested investment horizon of investing into ICICI Prudential Nifty Bank Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Nifty Bank Index Fund - Direct Plan?The ICICI Prudential Nifty Bank Index Fund - Direct Plan is managed by Nishit Patel (Since Feb 10, 2022) and Ajay Kumar Solanki (Since Feb 01, 2024).
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