ICICI Pru Nifty Bank Index Fund
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.
Growthvine rating: 4/5 — ranked #60 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹16.21 (as of 2026-08-21) |
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| AUM | ₹779 Cr |
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| Expense ratio | 0.64% |
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| Riskometer | Very High |
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| Fund manager | Ajay Kumar Solanki |
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| Exit load | 0 |
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Performance & risk
| Sharpe ratio | 0.19 |
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| Standard deviation | 16.71% |
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| Max drawdown | -18.37% |
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| Alpha | -0.99 |
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| Beta | 1.03 |
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Market cap allocation
| Large cap | 74.5% |
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| Mid cap | 25.5% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 61.2% |
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| Top 10 holdings | 86.8% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 18.2%
- ICICI Bank Ltd. — 14.8%
- State Bank Of India — 10.1%
- Kotak Mahindra Bank Ltd. — 9.3%
- AXIS Bank Ltd. — 8.8%
- Federal Bank Ltd. — 7.3%
- IndusInd Bank Ltd. — 5.5%
- AU Small Finance Bank Limited — 4.7%
- IDFC FIRST BANK LIMITED — 4.7%
- Bank Of Baroda — 3.6%
Top sectors
- Banking & Financial — 99.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -2.9% | — | — |
| 2025 | 17.1% | — | — |
| 2024 | 5.5% | — | — |
| 2023 | 12.0% | — | — |