June 27, 2025
mayank
ICICI Prudential Nifty Private Bank Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the ICICI Prudential Nifty Private Bank Index Fund Open Date, Close Date?
NFO opens on July 01, 2025
NFO will close on July 14, 2025
Investment Strategy for this NFO?
The Scheme seeks to invest in companies whose securities are included in Nifty Private Bank Index, 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 Private Bank Index in the same weightage that they represent in Nifty Private Bank Index
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 01 July 2025 |
| Issue Close | 14 July 2025 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty Private Bank TRI |
About Benchmark Index for this NFO?
The Nifty Private Bank Index is designed to reflect the performance of the banks from private sector.
Nifty Private Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETF’s and structured products.
Index Variant: Nifty Private Bank Total Returns Index
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 10 |
| Launch Date | January 05, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of ICICI Prudential Nifty Private Bank Index Fund
1) 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,
2) 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.
AMC
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for ICICI Prudential Nifty Private Bank Index Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of Nifty Private Bank TRI
Performance
| Index Returns (%) # |
QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.16 | 11.29 | 13.84 | 21.11 | 17.87 |
| Total Return | 7.16 | 11.29 | 14.35 | 21.71 | 18.79 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 17.89 | 20.48 | 28.46 |
| Beta (NIFTY 50) | 0.98 | 1.17 | 1.17 |
| Correlation (NIFTY 50) | 0.85 | 0.85 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 17.6 | 2.4 | 0.33 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| ICICI Bank Ltd. | 21.41 |
| HDFC Bank Ltd. | 21.24 |
| Axis Bank Ltd. | 19.44 |
| Kotak Mahindra Bank Ltd. | 17.43 |
| IndusInd Bank Ltd. | 5.18 |
| Federal Bank Ltd. | 4.77 |
| IDFC First Bank Ltd. | 4.06 |
| Yes Bank Ltd. | 3.90 |
| Bandhan Bank Ltd. | 1.36 |
| RBL Bank Ltd. | 1.22 |
Note on Benchmark Performance:
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[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Ashwini Shinde
| Fund | ICICI Prudential BSE 500 ETF | It’s Benchmark | ICICI Prudential Nifty 100 ETF | It’s Benchmark |
| 1 Year | 4.84 | 5.20 | 5.56 | 7.09 |
| 3 Year | 21.22 | 21.63 | 18.67 | 20.22 |
| 5 Year | 23.24 | 23.64 | 20.56 | 22.13 |
| 7 Year | 15.19 | 15.53 | 13.86 | 14.92 |
| 10 Year | — | — | 12.76 | 13.64 |
As on 27-06-2025
Past Performance of Nishit Patel
| Fund | ICICI Prudential BSE Midcap Select ETF | It’s Benchmark | ICICI Prudential Nifty 100 Low Volatility 30 ETF | It’s Benchmark |
| 1 Year | 2.84 | 3.57 | 7.25 | 7.09 |
| 3 Year | 24.30 | 29.34 | 19.60 | 20.22 |
| 5 Year | 25.71 | 30.96 | 20.49 | 22.13 |
| 7 Year | 14.98 | 19.18 | 14.49 | 14.92 |
| 10 Year | — | — | — | — |
As on 27-06-2025
Note on Fund Managers’ performance
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[ C ] Our NFO Review
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in ICICI Prudential Nifty Private Bank Index Fund NFO?
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