ICICI Prudential Nifty Bank Index Fund Regular Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.41
• Std Deviation 12.71%
• Tracking Error 0.00%

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 682.84 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 0.76%. 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, State Bank of India & AXIS Bank Ltd.

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

Some of the similar funds are ICICI Prudential Nifty Bank Index Fund Regular Growth, Navi Nifty Bank Index Fund Regular Growth, Aditya Birla Sun Life Nifty India Defence Index Fund Regular Growth, Motilal Oswal Nifty 500 Momentum 50 Index Fund Regular Growth, HDFC NIFTY200 Momentum 30 Index Fund Regular Growth. ICICI Prudential Nifty Bank Index Fund Regular Growth has a sharpe ratio of 0.41 & a standard deviation of 12.71%.