Direct
NAV (25-Jul-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹123 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 25-Jul-24, it has a Net Asset Value (NAV) of ₹10.89, Assets Under Management (AUM) of 122.73 Crores, and an expense ratio of 0.2%.
- Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 8.91% since inception.
- The fund's asset allocation comprises around 99.15% in equities, 0.00% in debts, and 0.85% 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.
Since Inception
+8.91%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹121.68 Cr | 99.15% |
| Others | ₹1.05 Cr | 0.85% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹34.53 Cr | 28.14% |
| ICICI Bank Ltd | Equity | ₹28.54 Cr | 23.26% |
| Kotak Mahindra Bank Ltd | Equity | ₹12.36 Cr | 10.07% |
| State Bank of India | Equity | ₹12.32 Cr | 10.04% |
| Axis Bank Ltd | Equity | ₹12.16 Cr | 9.91% |
| IndusInd Bank Ltd | Equity | ₹6.72 Cr | 5.48% |
| Bank of Baroda | Equity | ₹3.56 Cr | 2.90% |
| The Federal Bank Ltd | Equity | ₹2.92 Cr | 2.38% |
| AU Small Finance Bank Ltd | Equity | ₹2.6 Cr | 2.12% |
| Punjab National Bank | Equity | ₹2.54 Cr | 2.07% |
| IDFC First Bank Ltd | Equity | ₹2.26 Cr | 1.84% |
| Triparty Repo | Cash - Repurchase Agreement | ₹1.71 Cr | 1.39% |
| Bandhan Bank Ltd | Equity | ₹1.16 Cr | 0.95% |
| Net Current Assets | Cash | ₹-0.67 Cr | 0.54% |
| Cash Margin - Ccil | Cash - Collateral | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
91.86%
Mid Cap Stocks
7.28%
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹121.68 Cr | 99.15% |
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
Himanshu Mange
Since February 2024
Additional Scheme Detailsas of 30th June 2024
ISIN | INF204KC1BY2 | Expense Ratio | 0.20% | Exit Load | No Charges | Fund Size | ₹123 Cr | Age | 22 Feb 2024 | 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
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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  |
|---|---|---|---|---|
| ICICI Prudential Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹494.41 Cr | 52.5% |
| ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹494.41 Cr | 51.5% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹264.53 Cr | 61.9% |
| SBI Nifty Midcap 150 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹517.61 Cr | 51.8% |
| DSP Nifty 50 Equal Weight Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹1558.99 Cr | 35.3% |
| SBI Nifty Smallcap 250 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹876.68 Cr | 57.0% |
| SBI Nifty Midcap 150 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹517.61 Cr | 52.7% |
| ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹264.53 Cr | 62.9% |
| DSP Nifty 50 Equal Weight Index Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹1558.99 Cr | 36.0% |
| SBI Nifty Smallcap 250 Index Fund Regular Growth Very High Risk | 1.0% | 0.0% | ₹876.68 Cr | 56.0% |
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
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?
- Himanshu Mange
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.