ICICI Prudential Nifty Bank Index Fund - IDCW
(Scheme Rating)
NAV as of Oct 20, 2025
16.290.55%
(Earn upto 0.61% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.76%(1.11% Category
average)Fund Size:
Rs. 614.91 Cr(0.82% of Investment in Category)
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ICICI Prudential Nifty Bank Index Fund - IDCW
(Scheme Rating)
NAV as of Oct 20, 2025
16.290.55%
Expense Ratio:
0.76%
Fund Size:
Rs. 614.91 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Nifty Bank Index Fund as of Oct 20, 2025 is Rs 16.29 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 9.8% (1yr), 13.02% (3yr) and 13.69% (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 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 0.76% for Regular 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 - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 4.57 3.20 7.31 11.28 13.02 - Category Avg 4.45 3.92 9.84 12.13 16.79 21.92 Rank within Category 34 40 45 33 26 - 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
ICICI Prudential Nifty Bank Index Fund - IDCW 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 | 14.36% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Below Average |
ICICI Prudential Nifty Bank Index Fund - IDCW 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
Asset Allocation History
Sector Allocation
Market Cap Allocation
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 - IDCW 16.29 614.91 4.57 11.28 13.02 - Nippon India Banking & Financial Services Fund-IDCW 74.38 7,185.31 3.48 10.67 18.76 25.36 SBI Banking & Financial Services Fund Regular-IDCW 39.93 8,693.07 3.42 15.32 19.81 21.28 HDFC Banking & Financial Services Fund Regular - IDCW 15.40 4,134.89 4.12 10.26 17.94 - Sundaram Financial Services Opportunities Fund Regular-IDCW 32.79 1,513.67 4.22 6.40 19.09 21.74
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.
Low Volatality
12.96VS13.23Fund 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
0.99VS0.92Fund 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
0.46VS0.67Fund 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
6.08VS9.93Fund 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
-0.38VS3.10Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
12.31VS15.36Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
ICICI Prudential Mutual Fund News
- ICICI Prudential Mutual Fund: RIL and Sun Pharma among top 10 stock holdings in September
- 5 mutual funds added 13 new smallcap stocks in their portfolios in September
- Celebrate the spirit of Dhanteras with smart gold investing
- SBI MF and PPFAS MF among 5 mutual funds that had over Rs 10,000 crore cash in their portfolio in September
Fund Manager
- N.P.Nishit PatelSince Feb 202224 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 Arbitrage-IDCW Arbitrage 15.18 32,573.00 6.71 ICICI Prudential Nifty Midcap 150 Index Fund - IDCW Mid Cap 19.04 835.68 0.30 ICICI Prudential Nifty Smallcap 250 Index Fund - IDCW Small Cap 17.19 548.50 -6.31 ICICI Prudential Nifty 50 Index Fund-IDCW Large Cap 34.67 14,106.24 4.83 ICICI Prudential BSE Sensex Index Fund-IDCW Large Cap 27.61 1,881.20 4.79 ICICI Prudential Nifty Next 50 Index Fund-IDCW Large Cap 61.00 7,964.02 -6.55 ICICI Prudential Nifty IT Index Fund - IDCW Sectoral-Technology 12.14 Unrated 498.36 -14.75 ICICI Prudential Nifty50 Value 20 ETF-IDCW Value Oriented 14.76 Unrated 184.00 -6.17 ICICI Prudential Nifty 50 ETF-IDCW Large Cap 290.23 Unrated 32,452.94 5.25
More ICICI Prudential Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential Large Cap Fund-Growth | 71,787.87 | 0.80 | 1.16 | 12.84 | 0.12 | 17.79 | |
| ICICI Prudential Balanced Advantage-Growth | 64,964.03 | 1.39 | 2.22 | 10.30 | 5.74 | 12.93 | |
| ICICI Prudential Multi Asset Fund-Growth | 63,001.13 | 1.83 | 2.13 | 10.04 | 7.65 | 19.24 | |
| ICICI Prudential Value Fund-Growth | 53,715.52 | 0.85 | 1.08 | 12.22 | 0.01 | 21.31 | |
| ICICI Prudential Liquid Fund-Growth | 51,593.46 | 0.47 | 1.44 | 3.29 | 6.88 | 6.96 | |
| ICICI Prudential Equity & Debt Fund -Growth | 44,605.00 | 1.72 | 2.48 | 12.62 | 4.15 | 19.20 | |
| ICICI Prudential Money Market-Growth | 36,942.29 | 0.42 | 1.56 | 4.16 | 7.88 | 7.50 | |
| ICICI Prudential Corporate Bond Fund-Growth | 33,573.85 | 0.08 | 1.02 | 4.56 | 8.30 | 7.79 | |
| ICICI Prudential Equity Arbitrage-Growth | 31,526.24 | 0.35 | 1.43 | 3.30 | 6.74 | 7.02 | |
| ICICI Prudential India Opportunities Fund - Growth | 29,718.06 | 0.28 | -0.03 | 10.97 | -0.68 | 22.16 |
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1. ICICI Prudential Nifty Bank Index Fund 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 - IDCW
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 - IDCW
- Is it safe to invest in ICICI Prudential Nifty Bank Index Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Nifty Bank Index Fund comes under Very High risk category.
- What is the category of ICICI Prudential Nifty Bank Index Fund?ICICI Prudential Nifty Bank Index Fund belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in ICICI Prudential Nifty Bank Index Fund?The suggested investment horizon of investing into ICICI Prudential Nifty Bank Index Fund 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?The ICICI Prudential Nifty Bank Index Fund is managed by Nishit Patel (Since Feb 10, 2022) and Ajay Kumar Solanki (Since Feb 01, 2024).
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