ICICI Pru Nifty Bank Index Fund – Direct Growth

Other · Index
1,000
Min SIP
1,000
Min Lumpsum
0.2 %
Expense Ratio
Rating
354
Fund Size (in Cr)
2 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 1 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 29 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 14.6% - - 14.3%
Category Average 15.5% 10.1% 12% -

Scheme Allocation

By Holding
By Sector
By Asset
26.66%
24.68%
10.14%
Others
18.04%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 26.66%
ICICI Bank Banks Equity 24.68%
St Bk of India Banks Equity 10.43%
Axis Bank Banks Equity 10.14%
Kotak Mah. Bank Banks Equity 10.05%
IndusInd Bank Banks Equity 6.53%
Bank of Baroda Banks Equity 2.97%
Punjab Natl.Bank Banks Equity 2.19%
Federal Bank Banks Equity 2.13%
IDFC First Bank Banks Equity 2.07%
AU Small Finance Banks Equity 1.97%
Bandhan Bank Banks Equity 1.12%
Banks
100.95%
Debt
1.82%
Cash & Others
-2.77%
Equity
100.95%
Reverse Repos
1.82%
Net Curr Ass/Net Receivables
-2.77%

Advance Ratio

-0.42
Alpha
4.77
SD
1
Beta
0.47
Sharpe

Exit Load

Exit Load Nil

Fund Objective

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.

Fund Managers

Kayzad Eghlim

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

ICICI Prudential Mutual Fund
AUM:
6,41,296 Cr
Address:
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex, Mumbai 400051
Contact:
26525000
Email ID:
enquiry@icicipruamc.com

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Frequently Asked Questions

How to invest in ICICI Pru Nifty Bank Index Fund – Direct Growth ?

You can invest in ICICI Pru Nifty Bank Index Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for ICICI Pru Nifty Bank Index Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of ICICI Pru Nifty Bank Index Fund – Direct Growth ?

The NAV of ICICI Pru Nifty Bank Index Fund – Direct Growth is ₹13 as of 29 February 2024.

How to redeem ICICI Pru Nifty Bank Index Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of ICICI Pru Nifty Bank Index Fund – Direct Growth?

The minimum SIP amount of ICICI Pru Nifty Bank Index Fund – Direct Growth is ₹1000

What are the top sectors ICICI Pru Nifty Bank Index Fund – Direct Growth has invested in?

The top sectors ICICI Pru Nifty Bank Index Fund – Direct Growth has invested in are
  1. Banks - 100.95%
  2. Debt - 1.82%
  3. Cash & Others - -2.77%

Can I make investments in both the SIP and Lump Sum schemes of ICICI Pru Nifty Bank Index Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of ICICI Pru Nifty Bank Index Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have ICICI Pru Nifty Bank Index Fund – Direct Growth generated ?

The ICICI Pru Nifty Bank Index Fund – Direct Growth has delivered 14.3% since inception

What is the expense ratio of ICICI Pru Nifty Bank Index Fund – Direct Growth ?

The expense ratio of ICICI Pru Nifty Bank Index Fund – Direct Growth is 0.2 % as of 29 February 2024.

What is the AUM of ICICI Pru Nifty Bank Index Fund – Direct Growth?

The AUM of ICICI Pru Nifty Bank Index Fund – Direct Growth is ₹6,41,296 Cr as of 29 February 2024

What are the top stock holdings of ICICI Pru Nifty Bank Index Fund – Direct Growth?

The top stock holdings of ICICI Pru Nifty Bank Index Fund – Direct Growth are
  1. HDFC Bank - 26.66%
  2. ICICI Bank - 24.68%
  3. St Bk of India - 10.43%
  4. Axis Bank - 10.14%
  5. Kotak Mah. Bank - 10.05%

How can I redeem my investments in ICICI Pru Nifty Bank Index Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select ICICI Pru Nifty Bank Index Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now