Fund Overview of Nippon India Nifty Bank Index Fund Direct - Growth
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₹164.2 CrAUM
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₹11.77NAV
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0.20%Expense Ratio
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EquityFund Category
Returns of Nippon India Nifty Bank Index Fund Direct - Growth
| Tenure | Absolute(%) | Annualised(%) | Category Average(%) |
|---|---|---|---|
| 3 Months | -0.85% | NA | 2.31% |
| 6 Months | 15.46% | NA | 15.50% |
| 1 Year | 6.23% | 6.23% | 10.43% |
Asset Allocation
equities
99.63%debt instruments
0.00%other assets or cash equivalents
0.37%Nippon India Nifty Bank Index Fund Direct - Growth is one Equity mutual fund offered by Nippon India Mutual Fund. Launched on 22 Feb 2024, the fund aims Long term capital growth. Investments in equity and equity related securities and portfolio replicating the composition of the Nifty Bank Index, subject to tracking errors. It manages assets worth ₹164.2 crore as on Thu Jul 31, 2025. , with a 52-week NAV range between ₹10.25 and ₹12.34. The expense ratio stands at 0.2%. Fund Manager Manager EducationAbout Nippon India Nifty Bank Index Fund Direct - Growth
The portfolio allocation consists of 99.63% in equities, 0.00% in debt instruments, 0.37% in other assets or cash equivalents. Managed by Jitendra Tolani, it has delivered a return of 6.23% in the last year, a total return since inception of 11.62%.
Fund Details
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Fund NamesNippon India Nifty Bank Index Fund Direct - Growth
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Inception Date22 Feb 2024
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Lock InNo Lock-in
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SIP Minimum Investment amount₹ 100
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SWP Minimum Investment amount₹ 500
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STP Minimum Investment amount₹ 100
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RiskPrincipal at very high risk
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Category Average Annual Returns10.43
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52 Weeks High12.34
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52 Weeks Low10.25
More funds from Nippon India Mutual Fund
| Fund Names | AUM (Cr) | 1M | 3M | 6M | 1Yr | 3Yr |
|---|---|---|---|---|---|---|
Nippon India Etf Nifty Bank Bees
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₹7,497 | 1.80% | -4.40% | 6.70% | 3.74% | 12.97% |
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Nippon India Banking & Financial Services Fund Direct-growth
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₹7,222 | 2.72% | -4.97% | 7.47% | 3.66% | 18.93% |
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Nippon India Banking & Financial Services Fund-growth
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₹7,222 | 2.64% | -5.17% | 7.02% | 2.80% | 17.96% |
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Nippon India Banking & Financial Services Fund Direct-idcw
|
₹7,222 | 2.72% | -4.97% | 7.47% | 3.66% | 18.93% |
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Nippon India Banking & Financial Services Fund-idcw
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₹7,222 | 2.64% | -5.17% | 7.02% | 2.80% | 17.96% |
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Nippon India Etf Nifty Psu Bank Bees
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₹2,950 | 11.36% | 4.41% | 20.55% | 11.49% | 36.13% |
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Nippon India Nifty Bank Index Fund Regular - Growth
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₹164 | 1.74% | -4.55% | 6.29% | 2.99% | - |
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Nippon India Nifty Bank Index Fund Direct - Idcw
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₹164 | 1.79% | -4.40% | 6.62% | 3.61% | - |
|
Nippon India Nifty Bank Index Fund Regular - Idcw
|
₹164 | 1.74% | -4.55% | 6.29% | 2.99% | - |
growth is based on 1-month returns of the fundsMutual Fund Calculator
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Tax Information
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.
Top Mutual Funds
| Fund Names | AUM (Cr) | NAV | 3Yr | 5Yr | 10Yr |
|---|---|---|---|---|---|
| Mirae Asset Nifty Financial Services Etf - Growth |
₹431 | ₹26.89 | 15.09% | - | - |
Detailed Portfolio
| Stocks | Sector | % of Holding | Value |
|---|---|---|---|
| Hdfc Bank Ltd | Financial | 28.98% | ₹47.57 Cr |
| Icici Bank Ltd | Financial | 26.37% | ₹43.29 Cr |
| State Bank Of India | Financial | 8.63% | ₹14.17 Cr |
| Kotak Mahindra Bank Ltd | Financial | 7.81% | ₹12.81 Cr |
| Axis Bank Ltd | Financial | 7.64% | ₹12.53 Cr |
| Indusind Bank Ltd | Financial | 3.47% | ₹5.70 Cr |
| The Federal Bank Ltd | Financial | 3.28% | ₹5.38 Cr |
| Idfc First Bank Ltd | Financial | 3.00% | ₹4.92 Cr |
| Bank Of Baroda | Financial | 2.91% | ₹4.77 Cr |
| Au Small Finance Bank Ltd | Financial | 2.75% | ₹4.51 Cr |
| Punjab National Bank | Financial | 2.40% | ₹3.94 Cr |
| Canara Bank | Financial | 2.39% | ₹3.92 Cr |
| Repo | Unspecified | 0.20% | ₹0.33 Cr |
| Net Current Assets | Unspecified | 0.17% | ₹0.29 Cr |
| Others Mrgn Money | Unspecified | 0.00% | ₹0.00 Cr |
Nippon India Nifty Bank Index Fund Direct - Growth
What is the current AUM of Nippon India Nifty Bank Index Fund Direct - Growth?
As of Thu Jul 31, 2025, Nippon India Nifty Bank Index Fund Direct - Growth manages assets worth ₹164.2 crore
How has Nippon India Nifty Bank Index Fund Direct - Growth performed recently?
- 3 Months: -0.85%
- 6 Months: 15.46%
What is the long-term performance of Nippon India Nifty Bank Index Fund Direct - Growth?
- Since Inception: 11.62%
What is the portfolio composition of Nippon India Nifty Bank Index Fund Direct - Growth?
Equity: 99.63%, Debt: 0.00%, Others: 0.37%.
Who manages Nippon India Nifty Bank Index Fund Direct - Growth?
Nippon India Nifty Bank Index Fund Direct - Growth is managed by Jitendra Tolani from Nippon India Mutual Fund.
What is the market-cap allocation of Nippon India Nifty Bank Index Fund Direct - Growth?
Large Cap: 7.73%, Mid Cap: 12.55%.
Which are the top companies Nippon India Nifty Bank Index Fund Direct - Growth has invested in?
- HDFC Bank Ltd – 28.98% of the fund's portfolio
- ICICI Bank Ltd – 26.37% of the fund's portfolio
- State Bank of India – 8.63% of the fund's portfolio
- Kotak Mahindra Bank Ltd – 7.81% of the fund's portfolio
- Axis Bank Ltd – 7.64% of the fund's portfolio
Which are the major sectors Nippon India Nifty Bank Index Fund Direct - Growth focuses on?
- Financial – 99.63% of the fund's portfolio
- Unspecified – 0.37% of the fund's portfolio
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Past performance may not be indicative of future results.
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^Returns as on 10th Jan’25. Tata AIA Life Top 200 ULIP Fund has delivered 18% returns over the last 10 years. Past performance is not necessarily indicative of future results. This disclaimer is specifically regarding a ULIP fund and is not related to mutual funds. Source: Morningstar.
