November 15, 2025
RA Jainee
Nippon India Nifty Bank Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: ₹ 12.5697
NAV IDCW: ₹ 12.5697
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 provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors.
Fund Manager:
1) Jitendra Tolani
Education: MBA (FINANCE)
Experience: Prior to joining Nippon Mutual Fund, he was working with Motilal Oswal Financial Services Ltd, Asit C Mehta Investment Interrmediaries Ltd.
Investment Details
| Min. Investment (₹) | 1,000 |
| Min. Addl Investment (₹) | 1,000 |
| Min. SIP Investment (₹) | 100 |
| Min. Withdrawal (₹) | — |
| Min. No of Cheques | 60 |
| Min. Balance (₹) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Nippon India Nifty Bank Index Fund
| Fund House | Nippon India Mutual Fund |
| Launch Date | 22-Feb-24 |
| Return Since Launch | 14.17% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | ₹ 177 Cr |
| (As on 31-Oct-2025) | |
| Expense | 0.20% |
| (As on 31-Oct-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 24.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon India Nifty Bank Index Dir | 15.37 | 0.18 | 3.08 | 5.75 | 6.97 | 17.09 | — | — | — | — |
| BSE Bankex TRI | 14.36 | 0.13 | 2.35 | 6.46 | 5.52 | 15.44 | — | — | — | — |
| Equity: Sectoral-Banking | 16.76 | 0.11 | 3.02 | 6.59 | 9.16 | 18.76 | — | — | — | — |
| Rank within category | 24 | 21 | 20 | 29 | 30 | 25 | — | — | — | — |
| Number of funds in category | 33 | 39 | 39 | 39 | 37 | 32 | 18 | 12 | 11 | 10 |
Peer Comparison
| 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 (%) | |
| Nippon India Nifty Bank Index Dir | Unrated | 17.09 | — | — | 0.20 | 177 | 14.17 | — | 1Y 8M | 24.00 |
| ICICI Pru Nifty Bank Index Dir | 2 star | 17.20 | 12.07 | — | 0.15 | 657 | 15.01 | — | 3Y 8M | 22.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 star | 17.27 | 12.10 | 15.85 | 0.26 | 647 | 13.29 | 1.00 (15) | 6Y 2M | 21.00 |
| Navi Nifty Bank Index Dir | 1 star | 17.23 | 12.05 | — | 0.16 | 643 | 12.03 | — | 3Y 9M | 29.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 17.24 | 12.17 | 16.06 | 0.19 | 7,731 | 16.40 | — | 21Y 5M | 40.00 |
Portfolio Analysis of Nippon India Nifty Bank Index Fund
| No. of Stocks | 12 |
| Top 10 Stocks | 94.54% |
| Top 5 Stocks | 78.26% |
| Top 3 Sectors | 99.97% |
| Portfolio P/B Ratio | 2.05 |
| Portfolio P/E Ratio | 15.43 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 5,46,992 | 3,64,003 |
| Giant (%) | 78.28 | 64.96 |
| Large (%) | 11.90 | 19.40 |
| Mid (%) | 9.81 | 13.97 |
| Small (%) | — | 6.75 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Nippon India Nifty Bank Index Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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