Nippon India Nifty Bank Index Fund
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.
Growthvine rating: 3/5 — ranked #68 of 244 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹12.30 (as of 2026-08-21) |
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| AUM | ₹226 Cr |
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| Expense ratio | 0.68% |
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| Riskometer | Very High |
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| Fund manager | Jitendra Tolani |
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| Exit load | 0 |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -18.40% |
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| Alpha | 0 |
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| Beta | 0 |
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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 | 61.0% |
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| Top 10 holdings | 86.7% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 18.1%
- 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 — 99.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -3.0% | — | — |
| 2025 | 17.0% | — | — |