Our Opinion
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Our Opinion
Riskometer
Very High
₹15.8976 0.82%
As on 18-Mar-2026
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
We have shifted from our proprietary CapRank classification system to SEBI’s market cap classification system with effect from 14 Jan, 2026.
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Fund name
|
Rating |
Our Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|---|---|---|---|---|---|---|
|
ICICI Prudential Nifty Bank Index Fund - Direct Plan
|
|
|
Very High
|
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0.15 |
|
|
|
Very High
|
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0.19 |
||
 |
|
Very High
|
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0.16 |
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|
|
Very High
|
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0.19 |
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|
|
Very High
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0.15 |
₹704 Cr
--
1,000
--
1,000
6
About ICICI Prudential Nifty Bank Index Fund - Direct Plan
ICICI Prudential Nifty Bank Index Fund - Direct Plan is a equity mutual fund scheme of ICICI Prudential Mutual Fund. Launched on March 02, 2022, it is currently managed by Nishit Patel, Ajay Kumar Solanki, Ashwini Jemin Bharucha and Venus Ahuja. The fund has an expense ratio of 0.15% with an overall AUM (Assets Under Management) of ₹704 Cr.
ICICI Prudential Nifty Bank Index Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies. Being passively managed, it replicates the portfolio of its chosen benchmark index. The fund allows minimum lumpsum investment of ₹1,000 and minimum SIP of ₹1,000.
Investment Strategy
The scheme seeks 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.
Suitability
Nobody should invest in Banking funds in our opinion, because:
If you still choose to invest:
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of ICICI Prudential Nifty Bank Index Fund - Direct Plan through the Value Research Fund Advisor website.
Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, ICICI Prudential Nifty Bank Index Fund - Direct Plan can be bought from the ICICI Prudential Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website.
The third option is to invest offline, by seeking assistance from a mutual fund distributor. Most banks also act as mutual fund distributors, and you can approach your bank for help in completing your investment.
The latest declared NAV of ICICI Prudential Nifty Bank Index Fund - Direct Plan, is ₹15.8976 as of 19-Mar-2026.
| Company | Percentage of Portfolio |
|---|---|
|
19.69
|
|
|
16.13
|
|
|
10.68
|
|
|
9.94
|
|
|
9.16
|
Over the past five years, ICICI Prudential Nifty Bank Index Fund - Direct Plan has delivered an annualised return of --% as of 19-Mar-2026.
The minimum investment required to start investing in ICICI Prudential Nifty Bank Index Fund - Direct Plan is ₹1,000 for the lump sum option and ₹1,000 for the SIP (Systematic Investment Plan) option.
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