Nippon India Nifty Bank Index Fund - Regular Plan - IDCW Payout
Nippon Life India Asset Management Ltd
₹11.75 (+1.33%)
NAV as of 9 Oct 2026
Minimum Investment: ₹1,000
Return
-1.97% Returns for 1Y
Expense ratio & Others
- Net expense ratio
- 0.81%
- Exit load
- 0%
- Lock-in
- No
- Minimum investment
- ₹1,000
- Category
- Index Funds
Expense ratio is inclusive of GST. Returns may be taxed based on the fund type and your holding period — please read the scheme-related documents and consult a tax advisor. Figures are historical and do not guarantee future results.
Fund Returns Estimator
One-time investment
₹1,000
6 months
₹1,010
Invested ₹1,000
▲+0.95%1 year
₹980
Invested ₹1,000
▼-1.97%
Based on the fund’s historic trailing returns — a planning illustration, not a guarantee of future results.
Invest One-TimePlan it your way
The figures above are fixed to this fund’s past returns over set periods. Use a calculator to set your own amount, tenure and expected rate of return.
Risk level
Riskometer scale
- Low
- Low to Moderate
- Moderate
- Moderate to High
- High
- Very HighThis fund
Riskometer level assigned by the fund house as per SEBI norms. It can change as the scheme’s portfolio changes.
Fund benchmark
| Primary Index Name | — |
|---|---|
| Secondary Index Name | — |
| Index Name | Nifty Bank TR INR |
| Weighting | 100% |
Returns
| 1Y | 3Y | 5Y | 10Y | |
|---|---|---|---|---|
| Fund returns (%) | -1.97% | — | — | — |
| Cumulative returns (%) | -1.97% | — | — | — |
Fund Manager
| Manager | Jitendra Tolani |
|---|---|
| Role | Manager |
| Manager Tenure | 1.66 yrs |
About Fund
| Date of Incorporation | 22 Feb 2024 |
|---|---|
| Fund House | Nippon Life India Asset Management Ltd |
| Custodian | Deutsche Bank AG |
| Registrar / Transfer Agent | Nippon Life India Asset Management Ltd |
| Address | 1 Great Winchester Street |
Top Holdings
| Company | Weightage (%) |
|---|---|
| HDFC Bank Ltd | 17.01% |
| ICICI Bank Ltd | 14.84% |
| State Bank of India | 10.26% |
| Kotak Mahindra Bank Ltd | 9.87% |
| Kotak Mahindra Bank Ltd | 9.22% |
| Axis Bank Ltd | 9.19% |
| The Federal Bank Ltd | 7.14% |
| IndusInd Bank Ltd | 5.44% |
| AU Small Finance Bank Ltd | 4.82% |
| IDFC First Bank Ltd | 4.67% |
| Canara Bank | 4.05% |
| Bank of Baroda | 3.47% |
Investment Strategy
The investment objective of the scheme is 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. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
"The fund employs a passive investment approach designed to track the performance of Nifty Bank TRI The fund seeks to achieve this goal by investing in securities constituting the Nifty Bank Index in same proportion as in the Index."
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. The data shown is for information only and does not constitute investment advice.