June 10, 2025
mayank
ICICI Prudential Nifty Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 16.2532
NAV IDCW: Rs 16.2530
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
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 Manager:
1) Ajay Kumar Solanki
Education: Mr. Solanki has done B.Com, CA and CFA Level-III
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates
2) Ashwini Shinde
Education: B.Com , M.Com , Inter CA
Experience: Prior to Joining the ICICI Pru Mutual Fund he has worked with ICICI Pru AMC Treasury Mutual Fund Operations,
3) Nishit Patel
Education: Mr. Patel is a B.Com & Chartered Accountant
Experience: Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of ICICI Prudential Nifty Bank Index Fund
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 02-Mar-22 |
| Return Since Launch | 15.99% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 596 Cr |
| (As on 30-Apr-2025) | |
| Expense | 0.15% |
| (As on 31-May-2025) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | 32.00% |
Trailing Returns (%) of ICICI Prudential Nifty Bank Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru Nifty Bank Index Dir | 11.80 | 0.46 | 6.20 | 17.31 | 6.44 | 14.27 | 17.85 | — | — | — |
| BSE Bankex TRI | 11.23 | 0.69 | 5.12 | 15.72 | 5.59 | 13.45 | 17.42 | — | — | — |
| Equity: Sectoral-Banking | 13.06 | 0.94 | 8.86 | 19.01 | 7.96 | 18.74 | 22.30 | — | — | — |
| Rank within category | 22 | 33 | 32 | 28 | 26 | 25 | 17 | — | — | — |
| Number of funds in category | 33 | 37 | 37 | 36 | 33 | 29 | 17 | 12 | 11 | 10 |
Peer Comparison of ICICI Prudential Nifty Bank Index Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru Nifty Bank Index Dir | 1 star | 14.27 | 17.85 | — | 0.15 | 596 | 15.99 | — | 3Y 3M | 32.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 star | 14.39 | 18.02 | 22.62 | 0.26 | 634 | 13.70 | 1.00 (15) | 5Y 9M | 25.00 |
| Navi Nifty Bank Index Dir | 2 star | 14.39 | 17.91 | — | 0.10 | 629 | 12.59 | — | 3Y 4M | 49.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 14.38 | 18.06 | 22.84 | 0.19 | 7,629 | 16.58 | — | 21Y | 45.00 |
| Kotak Nifty Bank ETF | Unrated | 14.40 | 18.02 | 22.76 | 0.15 | 5,499 | 11.59 | — | 10Y 6M | 40.59 |
Portfolio Analysis of ICICI Prudential Nifty Bank Index Fund
| No. of Stocks | 12 |
| Top 10 Stocks | 94.89% |
| Top 5 Stocks | 77.71% |
| Top 3 Sectors | 99.97% |
| Portfolio P/B Ratio | 2.08 |
| Portfolio P/E Ratio | 14.17 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,17,651 | 3,59,122 |
| Giant (%) | 77.73 | 66.34 |
| Large (%) | 8.57 | 19.05 |
| Mid (%) | 13.70 | 15.48 |
| Small (%) | — | 4.97 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For ICICI Prudential Nifty Bank Index Fund
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