Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 60/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)8.57%
- Expense ratio (20%)0.22%
- AUM (15%)₹794 Cr
Not investment advice — an analytical read of public fund data. Methodology →
ICICI Prudential Mutual Fund · Equity · Sectoral
₹16.24
AUM: ₹793 Cr
NAV updated 5 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
0.22%
Exit Load
Nil
Fund Manager
Nishit Patel
Inception
Mar 2022
Benchmark
NIFTY Bank Total Return Index
Sharpe Ratio
-0.16
Std Dev (1Y)
17.0%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-2.68%
3m
-2.82%
6m
+5.77%
1y
+2.12%
3y
+8.57%
5y
—
10y
—
since inception
+11.61%
TopFund's Take on ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW sits in the middle of the pack for Sectoral funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 60/100.
Cost: At 0.22%, the expense ratio is meaningfully cheaper — about 78% below the Sectoral category average of 0.99% (based on 469 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.16 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 17.0% is fairly typical for Sectoral funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW
The current NAV (Net Asset Value) of ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is ₹16.24. NAV is updated every business day after market close by AMFI.
1Y: 2.12% · 3Y CAGR: 8.57%
The expense ratio of ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is 0.22% per annum. This is the annual fee charged by the fund to manage your investment.
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is managed by Nishit Patel at ICICI Prudential Mutual Fund.
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is a Sectoral fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW is ₹794 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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