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  • ICICI Prudential Nifty Bank Index Fund (Growth)
ICICI Mutual Fund

ICICI Prudential Nifty Bank Index Fund (Growth)

EquityIndex Funds

13.4144

NAV (Apr 23)

14.7%
Till Date CAGR
Scripbox Opinion
Not Reviewed yet
Our analysis of this fundLearn how we rate funds ->

Fund Size

Outperformance Consistency

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

13.4144

NAV (Apr 23)

Fund Returns

Last 1Y
13.7%
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
14.7%
6 Month CAGR
10.8%

Scheme Information

Investment 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.

Expense Ratio
0.87
Launched (2y ago)
Mar 02, 2022
AUM in Crores
360.409
ISIN
INF109KC1Z89
Lock-in
No Lock-in
Benchmark
Nifty Bank TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
0
Standard Deviation (5yr)
0
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
0
Sharpe Ratio (5yr)
0
YTM
0
Fund Managers

Nishit Patel

Fund Manager

Priya Sridhar

Fund Manager

Ajaykumar Solanki

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
ICICI Prudential Nifty Bank Index Fund (Growth)70%10,28,881 2,96,26913.7%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-04-23

Top Stock Holdings

hdfc bank ltd

29%
29%

icici bank ltd

23.7%
23.7%

axis bank ltd

9.2%
9.2%

state bank of india

9.1%
9.1%

kotak mahindra bank ltd

9.1%
9.1%
See all holdings

Allocation by Sector

financial services

99.9%
99.9%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
HDFC Large and Mid Cap Fund (G)
HDFC Large and Mid Cap Fund (G)

₹ 17,313 cr

₹ 14,075 cr

₹ 21,475 cr

₹ 53,505 cr

₹ 41,281 cr

amc-img

About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 693,162 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 163 equity,554 debt and 65 hybrid funds.amc-img
phone-img022-26525000
Fund NameScripbox Opinion
Till Date CAGR

5.5%

7.1%

9%

15.8%

22.4%

15.3%

27.3%

20.6%

0.2%

11.7%

ICICI Prudential Nifty Bank Index Fund (G) Review

ICICI Prudential Nifty Bank Index Fund (G) is a Index Funds Equity fund and has delivered an annualised return of 14.7% over a period of 2 years. The fund is managed by ICICI Prudential Asset Management Company Limited. The fund managers are Ajaykumar Solanki, Nishit Patel, Priya Sridhar.

Nav of ICICI Prudential Nifty Bank Index Fund (G) as of 4/23/2024 is ₹13.41 with the total AUM as of 4/24/2024 is ₹360.409. With Scripbox you can compare and check the latest nav for all mutual funds in India. ICICI Prudential Nifty Bank Index Fund (G) was launched on Mar 02, 2022. The category risk of the fund is Very High Risk.

The minimum SIP amount for ICICI Prudential Nifty Bank Index Fund (G) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

ICICI Prudential Nifty Bank Index Fund (G) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to Nifty Bank TR INR.

ICICI Prudential Nifty Bank Index Fund (G) is rated as a 0 fund in Equity and delivered 13.7% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with ICICI Prudential Nifty Bank Index Fund (G).

Frequently Asked Questions

What is ICICI Prudential Nifty Bank Index Fund (G)?

ICICI Prudential Nifty Bank Index Fund (G) is a Index Funds Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in ICICI Prudential Nifty Bank Index Fund (G)?

You can invest in ICICI Prudential Nifty Bank Index Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of ICICI Prudential Nifty Bank Index Fund (G)?

The minimum sip amount for ICICI Prudential Nifty Bank Index Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is ICICI Prudential Nifty Bank Index Fund (G) good to invest in?

As per Scripbox experts, ICICI Prudential Nifty Bank Index Fund (G) is a Not Reviewed Yet fund. You can investICICI Prudential Nifty Bank Index Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the ICICI Prudential Nifty Bank Index Fund (G)?

The expense ratio of the ICICI Prudential Nifty Bank Index Fund (G) is 0.87% for regular plan.