ICICI Prudential Nifty Bank Index Fund Regular Growth

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Index Funds
Index Funds
Rating N.A.
Plan

12.46 -0.02 (-0.20%) NAV as on 30 Nov, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)221.30
CAGR 2.60%
Exit Load0.00%
Expense ratio1.00%
CategoryIndex Funds
Min Investment1000
Min SIP1000
Launch Date2022-03-02

Asset Allocation

Holdings As On - 01 December 2023

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
62.02
28.03%

ICICI Bank
52.96
23.93%

Axis Bank
21.89
9.89%

State Bank Of India
20.53
9.27%

Kotak Mahindra Bank
20.42
9.22%

Indusind Bank
15.04
6.79%

Bank Of Baroda
5.84
2.63%

Federal Bank
5.67
2.56%

IDFC First Bank
4.87
2.20%

Peer Comparison

Fund Name
LIC MF Nifty 50 Index Fund Growth7.16%
ICICI Prudential Nifty IT Index Fund Regular Growth8.03%
ICICI Prudential Nifty Bank Index Fund Regular Growth2.6%
ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth31.08%
Motilal Oswal Nifty 200 Momentum 30 Index Fund Regular Growth23.19%

Risk & Volitility

Alpha 0.00%
Beta 0.00
Sharpe Ratio0.00
Std Deviation 0.00%
Tracking Error 0.00%

About Fund

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.

The ICICI Prudential Nifty Bank Index Fund Regular Growth has an AUM of 221.30 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 1.00%. The minimum investment in ICICI Prudential Nifty Bank Index Fund Regular Growth is Rs 1000 and the minimum SIP is Rs 1000.

As per morningstar the risk & return rating of the fund are Medium & High respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, Axis Bank & State Bank Of India.

The major sectors where the fund is invested are Regional Banks.

Some of the similar funds are LIC MF Nifty 50 Index Fund Growth, ICICI Prudential Nifty IT Index Fund Regular Growth, ICICI Prudential Nifty Bank Index Fund Regular Growth, ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth, Motilal Oswal Nifty 200 Momentum 30 Index Fund Regular Growth. ICICI Prudential Nifty Bank Index Fund Regular Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.