Nippon India Nifty Bank Index Fund

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

The Nippon India Nifty Bank Index Fund is a 1 yrs 8 m old fund and has delivered average annual returns of 14.22% since inception. Nippon India Nifty Bank Index Fund Returns 1-Year Since Inception 14.19% 14.22%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹12.3747+0.55% 1 day change	14.22% p.a.	App exclusive #NA View Ranked Funds	₹163 Cr

Historical NAV & returns

NAV: ₹12.3747 as on Oct 20, 2025

This fund Category average

Nippon India Nifty Bank Index Fund overview

AUM (Fund size)	₹163 Cr
Exit load	0%
Lock-in Period	Nil
Age	1 yrs 8 m since Feb 05, 2024
Benchmark	NIFTY Bank TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.81% as on Sep 30, 2025
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%

Nippon India 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 Oct 17, 2025

Period	This fund	Category average
1 Month	5.57%	3.67%
3 Months	2.76%	3.18%
6 Months	6.65%	10.08%
1 Year	14.19%	7.12%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 85.33%

Mid Cap 14.57%

Small Cap 0%

Other Cap 0%

Top holdings

HDFC Bank Ltd.28.46%

ICICI Bank Ltd.24.36%

State Bank of India9.17%

Kotak Mahindra Bank Ltd.8.95%

Top sectors

Financial 99.89999999999999%

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 0.72%

Margin Money 0.00397989%

Other Holdings

Others 0.72%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Nifty Bank Index Fund	5.57%	6.65%	14.19%	N.A.	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	4.3%	9.15%	3.93%	27.48%	35.65%	13.06%
Motilal Oswal Nifty Bank Index Fund	5.55%	6.58%	14.21%	12.04%	18.78%	7.35%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	4.94%	8.55%	4.6%	18.73%	15.47%	7.46%
ICICI Prudential Nifty Auto Index Fund	1.63%	24.15%	14.25%	27.61%	16.38%	7.88%
Tata Nifty Capital Markets Index Fund	9.93%	23.63%	26.21%	8.07%	4.77%	2.36%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Nifty Bank Index Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	16.89	1.14	1.21	1.95
Motilal Oswal Nifty Bank Index Fund	12.98	0.99	0.46	0.96
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	12.42	0.7	0.89	1.64
ICICI Prudential Nifty Auto Index Fund	N.A.	N.A.	N.A.	N.A.
Tata Nifty Capital Markets Index Fund	N.A.	N.A.	N.A.	N.A.

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Nifty Bank Index Fund	N.A.	163 Cr	1 yrs 8 m	0.81%
ICICI Prudential BHARAT 22 FOF	N.A.	2,354 Cr	7 yrs 4 m	0.13%
Motilal Oswal Nifty Bank Index Fund	N.A.	614 Cr	6 yrs 2 m	0.99%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	N.A.	163 Cr	5 yrs	1.06%
ICICI Prudential Nifty Auto Index Fund	N.A.	167 Cr	3 yrs 1 m	0.94%
Tata Nifty Capital Markets Index Fund	N.A.	330 Cr	1 yrs	1.11%

View all Other Equity Index funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Nippon India Nifty Bank Index Fund in detail with

About this fund

About Nippon India Nifty Bank Index Fund

Nippon India Nifty Bank Index Fund is a Other Equity Index mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 1 yrs 8 m, having been launched on 05/02/2024. Nippon India Nifty Bank Index Fund has ₹163 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Nifty Bank Index Fund as of 20/10/2025 is ₹12.37. The fund has an expense ratio of 0.81%, which is higher than what most other Other Equity Index funds charge.

Nippon India Nifty Bank Index Fund returns of last 1-year are 11.17%. Since launch, it has delivered 13.69% average annual returns.
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, Kotak Mahindra Bank Ltd., Axis Bank Ltd..

...

Fund AUM	163 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Jitendra Tolani

MBA (FINANCE) Prior to joining Nippon Mutual Fund, he was working with Motilal Oswal Financial Services Ltd, Asit C Mehta Investment Interrmediaries Ltd.

Investment objective

The scheme seeks to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	6,63,684 Cr as on Sep 30, 2025
Address	4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, 400013

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Small Cap Fund	N.A.	66,136 Cr	0.27%	32.7%
Nippon India Power & Infra Fund	N.A.	7,325 Cr	2.92%	32.06%
Nippon India Multi Cap Fund	N.A.	47,294 Cr	5.84%	30.37%
Nippon India Growth Mid Cap Fund	N.A.	39,329 Cr	6.4%	29.58%
Nippon India Nifty Smallcap 250 Index Fund	N.A.	2,563 Cr	0.61%	26.71%
Nippon India Value Fund	N.A.	8,791 Cr	5.43%	26.07%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Nifty Bank Index Fund?

The current Net Asset Value (NAV) of the Nippon India Nifty Bank Index Fund plan is approximately ₹12.3747 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Nippon India Nifty Bank Index Fund is a 1 yrs 8 m old fund and has delivered average annual returns of 14.22% since inception.

Nippon India Nifty Bank Index Fund Returns

1-Year	Since Inception
14.19%	14.22%

How much does this mutual fund charge as expense ratio?

The Nippon India Nifty Bank Index Fund has an expense ratio of 0.81%, 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 Nippon India Nifty Bank Index Fund currently has assets under management (AUM) or fund size valued at approximately 163 Cr as on Sep 30, 2025.

What are the top stock holdings of Nippon India Nifty Bank Index Fund?

The Nippon India 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.	28.46%
ICICI Bank Ltd.	24.36%
State Bank of India	9.17%
Kotak Mahindra Bank Ltd.	8.95%
Axis Bank Ltd.	8.78%
Indusind Bank Ltd.	3.14%
Bank Of Baroda	3.09%
The Federal Bank Ltd.	3.07%
IDFC First Bank Ltd.	2.99%
Canara Bank	2.7%

What are the top sectors Nippon India Nifty Bank Index Fund has invested in?

The Nippon India Nifty Bank Index Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	99.89999999999999%

What is risk level of Nippon India 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 Nippon India Nifty Bank Index Fund?

Redeeming your investments in the Nippon India 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 1 Year.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.