ICICI Prudential Nifty Bank Index Fund Direct Growth

ICICI Prudential Nifty Bank Index Fund Direct Growth

NAV as on 23-04-2025

₹ 15.81

-0.5%

1D

Inception Returns

15.7%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
797 people have invested ₹ 89.2L in ICICI Prudential Nifty Bank Index Fund Direct Growth in the last three months

About ICICI Prudential Nifty Bank Index Fund Direct Growth

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

  1. ICICI Prudential Nifty Bank Index Fund Direct Growth has ₹566 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

ICICI Prudential Nifty Bank Index Fund Direct Growth has given a CAGR return of 15.69% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 16.11% and 15.85% 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, 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 benefit
Dividends 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.

ICICI Prudential Nifty Bank Index Fund Direct Growth Overview

Expense ratio0.2%
Benchmark
Nifty Bank TR INR
AUM₹566 Cr
Inception Date2 March, 2022
Min Lumpsum/SIP₹1000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
55.42%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Mar-25)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
85%

Mid cap
14.8%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Financial Services
100%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
6.62%
-2.52%
-2.53%
Nifty Bank
6.33%
-5.78%
-0.99%
  • This fund’s returns stands at 6.62% whereas the fund’s underlying benchmark Nifty Bank returns stands at 6.33% as on Mar'25
  • This fund outperformed Nifty Bank by 0.29% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 565.9 Cr
₹ 519.1 Cr
₹ 507.9 Cr
  • AUM of the fund stands at 565.9 Cr as of Mar'25
  • AUM increased by 46.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
State Bank of India's allocation increased from 7.73% to 8.49%
State Bank of India's allocation increased from 7.73% to 8.49%
Bank of Baroda's allocation increased from 2.76% to 3.4%
Bank of Baroda's allocation increased from 2.76% to 3.4%
ICICI Bank Ltd's allocation increased from 24.78% to 25.33%
ICICI Bank Ltd's allocation increased from 24.78% to 25.33%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 29 % to 28.21 %
HDFC Bank Ltd's allocation decreased from 29 % to 28.21 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.9 % to 8.51 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.9 % to 8.51 %
Axis Bank Ltd's allocation decreased from 8.6 % to 8.38 %
Axis Bank Ltd's allocation decreased from 8.6 % to 8.38 %
Mid Cap allocation has gone down from 15.3% to 14.8%
Mid Cap allocation has gone down from 15.3% to 14.8%
Large Cap allocation has gone down from 85% to 85%
Large Cap allocation has gone down from 85% to 85%
Cash allocation has gone up from -0.3% to 0.2%
Cash allocation has gone up from -0.3% to 0.2%

Top Sector in March was Financial Services

Mar'25
Financial Services
100%
Feb'25
Financial Services
100%
  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
28.21%
0.5%
ICICI Bank Ltd
ICICI Bank Ltd
25.33%
-0.5%
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd
8.51%
-17.9%
State Bank of India
State Bank of India
8.49%
6.9%
Axis Bank Ltd
Axis Bank Ltd
8.38%
-2.1%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential Nifty Bank Index Fund Direct Growth
ICICI Prudential Nifty Bank Index Fund Direct Growth
16.11%
15.85%
-
15.69%
Motilal Oswal Nifty Bank Index Fund Direct Growth
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
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
UTI Nifty 50 Index Fund-Growth Option- Direct
9.84%
13.38%
22.28%
13.07%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
HDFC Bank Ltd
HDFC Bank Ltd
9%
ICICI Bank Ltd
ICICI Bank Ltd
4.3%
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd
4.3%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
14
14
14
Top 5 Company Concentration
78.9%
80%
78.8%
Company having highest exposure
HDFC Bank Ltd (28.2%)
HDFC Bank Ltd (29%)
HDFC Bank Ltd (27.6%)
No of Sectors
1
1
1
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (100%)
Financial Services (100%)
Financial Services (100%)
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Nishit Patel
Nishit Patel
Fund Manager of ICICI Prudential Nifty Bank Index Fund Direct Growth, since 2 March 2022
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.04L Cr
as on 31-Mar-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

ICICI Prudential Nifty Bank Index Fund Direct Growth 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 15.69% since inception which is more than its category average return of 9.91%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.78% in Equity, 0% in Debt and 0.22% in Cash related instruments
AUM size ₹566 Cr

AUM size ₹566 Cr

This fund has AUM of ₹566 Cr which is less than its category average of ₹ 755 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 0.55%

Frequently Asked Questions for ICICI Prudential Nifty Bank Index Fund Direct Growth

The current NAV of ICICI Prudential Nifty Bank Index Fund Direct Growth is ₹15.81 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
ICICI Prudential Nifty Bank Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.41%
9.41%
6 Month Returns
7.89%
7.89%
1 Year Returns
16.11%
16.11%
3 Years Returns
55.48%
15.85%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.2% as on March 2025
₹566 Cr as on March 2025
HDFC Bank Ltd(28.21%), ICICI Bank Ltd(25.33%), Kotak Mahindra Bank Ltd(8.51%), State Bank of India(8.49%), Axis Bank Ltd(8.38%) as on March 2025
The alpha ratio for the ICICI Prudential Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Nifty Bank Index Fund Direct Growth
-0.3
-0.36
-
As on March 2025
The alpha for ICICI Prudential 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 ICICI Prudential Nifty Bank Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Nifty Bank Index Fund Direct Growth
1
1
-
As on March 2025
The Beta for ICICI Prudential 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 ICICI Prudential 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
ICICI Prudential Nifty Bank Index Fund Direct Growth
0.29
0.46
-
As on March 2025
The sharpe ratio for ICICI Prudential 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 ICICI Prudential 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
ICICI Prudential Nifty Bank Index Fund Direct Growth
12.61
14.67
-
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.
Sortino ratio is 0.84 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nishit Patel is the fund manager of ICICI Prudential Nifty Bank Index Fund Direct Growth
The Exit load of ICICI Prudential Nifty Bank Index Fund Direct Growth is 0%