Nippon India Nifty Bank Index Fund Direct Growth
EquityIndex FundsVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹144 Cr
Expense Ratio
0.20%
ISIN
INF204KC1BY2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
22 Feb 2024
About this fund
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹11.62, Assets Under Management (AUM) of 143.88 Crores, and an expense ratio of 0.2%.
- Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 13.91% since inception.
- The fund's asset allocation comprises around 99.84% in equities, 0.00% in debts, and 0.16% in cash & cash equivalents.
- You can start investing in Nippon India Nifty Bank Index Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+14.90%
— (Cat Avg.)
Since Inception
+13.91%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹143.65 Cr | 99.84% |
| Others | ₹0.23 Cr | 0.16% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹40.61 Cr | 28.23% |
| ICICI Bank Ltd | Equity | ₹36.46 Cr | 25.34% |
| Kotak Mahindra Bank Ltd | Equity | ₹12.25 Cr | 8.52% |
| State Bank of India | Equity | ₹12.22 Cr | 8.50% |
| Axis Bank Ltd | Equity | ₹12.06 Cr | 8.39% |
| The Federal Bank Ltd | Equity | ₹5.47 Cr | 3.80% |
| IndusInd Bank Ltd | Equity | ₹4.95 Cr | 3.44% |
| Bank of Baroda | Equity | ₹4.9 Cr | 3.40% |
| IDFC First Bank Ltd | Equity | ₹3.94 Cr | 2.74% |
| Punjab National Bank | Equity | ₹3.83 Cr | 2.66% |
| AU Small Finance Bank Ltd | Equity | ₹3.47 Cr | 2.41% |
| Canara Bank | Equity | ₹3.47 Cr | 2.41% |
| Triparty Repo | Cash - Repurchase Agreement | ₹1.3 Cr | 0.91% |
| Net Current Assets | Cash | ₹-1.07 Cr | 0.75% |
| Cash Margin - Ccil | Cash - Collateral | ₹0 Cr | 0.00% |
| Cash | Cash | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
85.03%
Mid Cap Stocks
14.80%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹143.65 Cr | 99.84% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Jitendra Tolani
Since February 2025
Additional Scheme Detailsas of 31st March 2025
ISIN INF204KC1BY2 | Expense Ratio 0.20% | Exit Load No Charges | Fund Size ₹144 Cr | Age 1 year 1 month | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Bank TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Index Funds Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI BSE PSU Bank Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹8.42 Cr | - |
| SBI BSE PSU Bank Index Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹8.42 Cr | - |
| SBI BSE PSU Bank ETF Very High Risk | 0.3% | - | ₹205.39 Cr | - |
| Tata BSE Quality Index Fund Direct Growth Very High Risk | - | 0.0% | - | - |
| Tata BSE Quality Index Fund Regular Growth Very High Risk | - | 0.0% | - | - |
| HDFC Nifty Top 20 Equal Weight Index Fund Direct Growth Very High Risk | - | 0.0% | ₹70.51 Cr | - |
| HDFC Nifty Top 20 Equal Weight Index Fund Regular Growth Very High Risk | - | 0.0% | ₹70.51 Cr | - |
| Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 0.3% | 0.0% | ₹7.20 Cr | - |
| Kotak Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹7.20 Cr | - |
| Mirae Asset BSE 200 Equal Weight ETF Very High Risk | - | - | ₹14.21 Cr | - |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Nippon India Nifty Bank Index Fund Direct Growth?
What is the portfolio composition of Nippon India Nifty Bank Index Fund Direct Growth?
Who manages the Nippon India Nifty Bank Index Fund Direct Growth?
- Jitendra Tolani
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Nippon India Nifty Bank Index Fund Direct Growth
EquityIndex FundsVery High Risk
Direct
NAV (17-Apr-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹144 Cr
Expense Ratio
0.20%
ISIN
INF204KC1BY2
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
22 Feb 2024
Risk Level
Your principal amount will be at Very High Risk
About this fund
As of 17-Apr-25, it has a Net Asset Value (NAV) of ₹11.62, Assets Under Management (AUM) of 143.88 Crores, and an expense ratio of 0.2%.
- Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 13.91% since inception.
- The fund's asset allocation comprises around 99.84% in equities, 0.00% in debts, and 0.16% in cash & cash equivalents.
- You can start investing in Nippon India Nifty Bank Index Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+14.90%
— (Cat Avg.)
Since Inception
+13.91%
— (Cat Avg.)
Portfolio Summaryas of 31st March 2025
| Equity | ₹143.65 Cr | 99.84% |
| Others | ₹0.23 Cr | 0.16% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹40.61 Cr | 28.23% |
| ICICI Bank Ltd | Equity | ₹36.46 Cr | 25.34% |
| Kotak Mahindra Bank Ltd | Equity | ₹12.25 Cr | 8.52% |
| State Bank of India | Equity | ₹12.22 Cr | 8.50% |
| Axis Bank Ltd | Equity | ₹12.06 Cr | 8.39% |
| The Federal Bank Ltd | Equity | ₹5.47 Cr | 3.80% |
| IndusInd Bank Ltd | Equity | ₹4.95 Cr | 3.44% |
| Bank of Baroda | Equity | ₹4.9 Cr | 3.40% |
| IDFC First Bank Ltd | Equity | ₹3.94 Cr | 2.74% |
| Punjab National Bank | Equity | ₹3.83 Cr | 2.66% |
| AU Small Finance Bank Ltd | Equity | ₹3.47 Cr | 2.41% |
| Canara Bank | Equity | ₹3.47 Cr | 2.41% |
| Triparty Repo | Cash - Repurchase Agreement | ₹1.3 Cr | 0.91% |
| Net Current Assets | Cash | ₹-1.07 Cr | 0.75% |
| Cash Margin - Ccil | Cash - Collateral | ₹0 Cr | 0.00% |
| Cash | Cash | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
85.03%
Mid Cap Stocks
14.80%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹143.65 Cr | 99.84% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Jitendra Tolani
Since February 2025
Additional Scheme Detailsas of 31st March 2025
ISIN INF204KC1BY2 | Expense Ratio 0.20% | Exit Load No Charges | Fund Size ₹144 Cr | Age 1 year 1 month | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Bank TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Index Funds Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| SBI BSE PSU Bank Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹8.42 Cr | - |
| SBI BSE PSU Bank Index Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹8.42 Cr | - |
| SBI BSE PSU Bank ETF Very High Risk | 0.3% | - | ₹205.39 Cr | - |
| Tata BSE Quality Index Fund Direct Growth Very High Risk | - | 0.0% | - | - |
| Tata BSE Quality Index Fund Regular Growth Very High Risk | - | 0.0% | - | - |
| HDFC Nifty Top 20 Equal Weight Index Fund Direct Growth Very High Risk | - | 0.0% | ₹70.51 Cr | - |
| HDFC Nifty Top 20 Equal Weight Index Fund Regular Growth Very High Risk | - | 0.0% | ₹70.51 Cr | - |
| Kotak Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 0.3% | 0.0% | ₹7.20 Cr | - |
| Kotak Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹7.20 Cr | - |
| Mirae Asset BSE 200 Equal Weight ETF Very High Risk | - | - | ₹14.21 Cr | - |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Nifty Bank Index Fund Direct Growth?
What is the portfolio composition of Nippon India Nifty Bank Index Fund Direct Growth?
Who manages the Nippon India Nifty Bank Index Fund Direct Growth?
- Jitendra Tolani
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
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