NAV as on 23-04-2025
₹ 15.81
1D
Inception Returns
15.7%
/yr
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.
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.
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
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.
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 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.
Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
AUM | ₹566 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 |
as on (31-Mar-25)
Top Sector in March was Financial Services
More funds from ICICI
5Y CAGR
▲ 39.78
5Y CAGR
▲ 34.19
5Y CAGR
▲ 35.97
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | -0.3 | -0.36 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Nifty Bank Index Fund Direct Growth | 1 | 1 | - |
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 | - |
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 | - |