ICICI Prudential Nifty Bank Index Fund

Q: What are the returns of this mutual fund scheme?

The ICICI Prudential Nifty Bank Index Fund is a 3 yrs 11 m old fund and has delivered average annual returns of 13.8% since inception. ICICI Prudential Nifty Bank Index Fund Returns 1-Year 3-Year Since Inception 19.11% 12.12% 13.8%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹16.417-1.67% 1 day change	13.8% p.a.	App exclusive #NA View Ranked Funds	₹683 Cr

Historical NAV & returns

NAV: ₹16.417 as on Feb 02, 2026

This fund Category average

ICICI Prudential Nifty Bank Index Fund overview

AUM (Fund size)	₹683 Cr
Exit load	0%
Lock-in Period	Nil
Age	3 yrs 11 m since Feb 10, 2022
Benchmark	NIFTY Bank TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.76% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

ICICI Prudential Nifty Bank Index Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-2.44%	-6.01%
3 Months	0.68%	-6.06%
6 Months	5.19%	-2.85%
1 Year	19.11%	1.75%
2 Years	13.2%	0.73%
3 Years	12.12%	8.54%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 83.9%

Mid Cap 16.05%

Small Cap 0%

Other Cap 0%

Top holdings

HDFC Bank Ltd.25.13%

ICICI Bank Ltd.20.16%

State Bank of India9.62%

Axis Bank Ltd.9.28%

Top sectors

Financial 99.94999999999997%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 0.56525674%

Other Holdings

Others 0.57%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Nifty Bank Index Fund	-2.44%	5.19%	19.11%	12.12%	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	-0.53%	10.18%	17.32%	26.89%	27.03%	13.4%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	-2.8%	3.04%	5.73%	19.38%	13.03%	7.32%
Motilal Oswal Nifty Bank Index Fund	-2.46%	5.09%	18.87%	12.03%	10.7%	7.42%
ICICI Prudential Nifty Auto Index Fund	-7.47%	11.95%	14.52%	25.56%	15.92%	7.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Nifty Bank Index Fund	12.15	1.0	0.6	1.19
ICICI Prudential BHARAT 22 FOF	16.57	1.13	1.21	1.89
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	12.34	0.68	0.99	1.83
Motilal Oswal Nifty Bank Index Fund	12.12	1.0	0.6	1.18
ICICI Prudential Nifty Auto Index Fund	17.4	0.99	1.06	1.26

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Nifty Bank Index Fund	N.A.	683 Cr	3 yrs 11 m	0.76%
ICICI Prudential BHARAT 22 FOF	N.A.	2,500 Cr	7 yrs 7 m	0.13%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	N.A.	171 Cr	5 yrs 3 m	1.06%
Motilal Oswal Nifty Bank Index Fund	N.A.	667 Cr	6 yrs 5 m	0.99%
ICICI Prudential Nifty Auto Index Fund	N.A.	194 Cr	3 yrs 4 m	0.94%

View all Other Equity Index funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.69 vs. 2.06 Underperformed at beating benchmark
Sharpe	0.6 vs. 2.09 Poor risk-adjusted returns
Beta	1.0 vs. 0.35 More sensitive to market's ups & downs
Standard deviation	12.15 vs. 5.01 More volatile performance

Compare ICICI Prudential Nifty Bank Index Fund in detail with

About this fund

About ICICI Prudential Nifty Bank Index Fund

ICICI Prudential Nifty Bank Index Fund is a Other Equity Index mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 3 yrs 11 m, having been launched on 10/02/2022. ICICI Prudential Nifty Bank Index Fund has ₹683 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of ICICI Prudential Nifty Bank Index Fund as of 02/02/2026 is ₹16.42. The fund has an expense ratio of 0.76%, which is higher than what most other Other Equity Index funds charge.

ICICI Prudential Nifty Bank Index Fund returns of last 1-year are 18.09%. Since launch, it has delivered 13.46% average annual returns.
ICICI Prudential Nifty Bank Index Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial sectors. It has taken less exposure in Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, Axis Bank Ltd., Kotak Mahindra Bank Ltd..

...

Fund AUM	683 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Nishit Patel

Mr. Patel is a B.Com & Chartered Accountant Prior to joining ICICI Prudential Mutual fund, he has worked with K.K.Dand & Co.

Ajay Kumar Solanki

Mr. Solanki has done B.Com, CA and CFA Level-III Prior to joining ICICI Prudential Mutual Fund, he has worked with GPS & Associates

Ashwini Jemin Bharucha

B.Com , M.Com , Inter CA Prior to Joining the ICICI Pru Mutual Fund he has worked with ICICI Pru AMC Treasury Mutual Fund Operations,

Venus Ahuja

Chartered Accountant and B.Com Mr. Venus Ahuja, who was previously part of the Investment Monitoring Team at ICICI AMC, has now been appointed as a Fund Manager and Dealer in the Investments Department of ICICI AMC

Investment objective

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.

ICICI Prudential Mutual Fund details

No. of schemes	104 view all schemes
Total AUM	11,30,333 Cr as on Dec 31, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
ICICI Prudential Infrastructure Fund	N.A.	8,134 Cr	9.51%	27.49%
ICICI Prudential BHARAT 22 FOF Scheme	N.A.	2,500 Cr	17.32%	27.03%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	22.01%	24.75%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	11.87%	24.41%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	10.38%	23.15%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	11.15%	21.94%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Nifty Bank Index Fund?

The current Net Asset Value (NAV) of the ICICI Prudential Nifty Bank Index Fund plan is approximately ₹16.417 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The ICICI Prudential Nifty Bank Index Fund is a 3 yrs 11 m old fund and has delivered average annual returns of 13.8% since inception.

ICICI Prudential Nifty Bank Index Fund Returns

1-Year	3-Year	Since Inception
19.11%	12.12%	13.8%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Nifty Bank Index Fund has an expense ratio of 0.76%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The ICICI Prudential Nifty Bank Index Fund currently has assets under management (AUM) or fund size valued at approximately 683 Cr as on Dec 31, 2025.

What are the top stock holdings of ICICI Prudential Nifty Bank Index Fund?

The ICICI Prudential Nifty Bank Index Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	25.13%
ICICI Bank Ltd.	20.16%
State Bank of India	9.62%
Axis Bank Ltd.	9.28%
Kotak Mahindra Bank Ltd.	9.22%
The Federal Bank Ltd.	4.31%
Indusind Bank Ltd.	3.69%
AU Small Finance Bank Ltd.	3.6%
IDFC First Bank Ltd.	3.59%
Bank Of Baroda	3.49%

What are the top sectors ICICI Prudential Nifty Bank Index Fund has invested in?

The ICICI Prudential Nifty Bank Index Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	99.94999999999997%

What is risk level of ICICI Prudential Nifty Bank Index Fund?

This is a Other Equity Index fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in ICICI Prudential Nifty Bank Index Fund?

Redeeming your investments in the ICICI Prudential Nifty Bank Index Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Other Equity Index

#NA

Return Outperformance: This fund has generated highest return amongst Other Equity Index funds in the last 3 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.