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Home โ€บ Other Scheme - Index Funds โ€บ ICICI Prudential Nifty Bank Index Fund - Direct Plan Growth
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ICICI Prudential Nifty Bank Index Fund - Direct Plan Growth

ICICI Prudential Mutual Fund · AMFI: 149858 · ISIN: INF109KC11A4
Latest NAV
โ‚น16.1449
as of Nov. 4, 2026
1Y: -2.90%
3Y: +9.45%
Fund Information
05 Nov 2026 ยท captnemo
Fund House
ICICI Prudential Mutual Fund
Category
Other Scheme - Index Funds
AUM
โ‚น7333.0 Cr
Expense Ratio
0.22%
Min SIP
โ‚น1000.0
Min Lumpsum
โ‚น1000.0
Fund Start Date
02 Mar 2022
Lock-in Period
None
๐Ÿ’ฐ Fund AUM Trend
Current: โ‚น7333.0 Cr
Investment Objective

The objective of the Scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

Trailing Returns
Full Analysis โ†’
Period Fund Benchmark Cat Min Cat Avg Cat Max Excess vs BM Excess vs Cat
1W 374.23% 84.76% โ€” โ€” โ€” 289.47% โ€”
1M 29.80% 4.44% โ€” โ€” โ€” 25.36% โ€”
3M -12.17% -18.27% โ€” โ€” โ€” 6.10% โ€”
6M 0.82% -3.80% โ€” โ€” โ€” 4.62% โ€”
1Y -2.90% -5.05% -18.82% 4.34% 24.25% 2.15% -7.24%
2Y 4.99% 4.03% โ€” โ€” โ€” 0.96% โ€”
3Y 9.22% 4.03% -9.04% 6.40% 24.94% 5.19% 2.82%
5Y 11.08% 4.03% -5.53% 4.26% 16.38% 7.05% 6.82%
7Y 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
10Y 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
SI 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
Risk Snapshot (3Y)
Sharpe Ratio
0.17 (cat: 0.44)
Max Drawdown
-16.25% (cat: -15.76%)
Std Dev (Ann)
16.07% (cat: 13.1%)
Beta
1.00 (cat: 0.75)
Index Funds  ยท  239 funds  ยท  Avg Score: 46/100  ยท  Category Meter โ†’
NAV History
Trailing Returns (CAGR)
Period Fund Benchmark Cat Min Cat Avg Cat Max Excess vs BM Excess vs Cat
1W 374.23% 84.76% โ€” โ€” โ€” 289.47% โ€”
1M 29.80% 4.44% โ€” โ€” โ€” 25.36% โ€”
3M -12.17% -18.27% โ€” โ€” โ€” 6.10% โ€”
6M 0.82% -3.80% โ€” โ€” โ€” 4.62% โ€”
1Y -2.90% -5.05% -18.82% 4.34% 24.25% 2.15% -7.24%
2Y 4.99% 4.03% โ€” โ€” โ€” 0.96% โ€”
3Y 9.22% 4.03% -9.04% 6.40% 24.94% 5.19% 2.82%
5Y 11.08% 4.03% -5.53% 4.26% 16.38% 7.05% 6.82%
7Y 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
10Y 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
SI 11.08% 4.03% โ€” โ€” โ€” 7.05% โ€”
Trailing Returns Chart
Calendar Year Returns
Rolling Return Statistics
All rolling windows vs benchmark โ€” full history
Window MinMaxMedianMean Win Rate (>0%)Win Rate (>8%) BM MedianBM Mean Outperform % Cat Avg
1Y Rolling -6.34% 35.92% 11.65% 11.59% 93.6% 67.8% 2.71% 6.15% 100.0% โ€”
2Y Rolling 1.20% 23.60% 11.96% 11.58% 100.0% 77.7% โ€” โ€” โ€” โ€”
3Y Rolling 5.46% 19.48% 11.11% 11.59% 100.0% 89.4% โ€” โ€” โ€” โ€”
Rolling Return Calculator
Inception: March 2, 2022  ยท  Latest NAV: โ€”
Rolling Window
Start Date
End Date
Rolling Returns Distribution (All Windows)
Bar = mean, error bar = min/max. BM shown beside. Right axis = % of periods beating BM.
๐Ÿงฎ SIP Simulator
10 yrs
Enter values and click Calculate.
๐Ÿ’ฐ Lumpsum Simulator
10 yrs
Enter values and click Calculate.
Risk Metrics โ€” 3 Years
Category Avg (Index Funds)  ยท  Std Dev: 13.12%  ยท  Sharpe: 0.44  ยท  Sortino: 0.70  ยท  Max DD: -15.76%
Std Dev (Ann %)
16.07% (cat: 13.1%)
Sharpe Ratio
0.17 (cat: 0.44)
Sortino Ratio
0.23 (cat: 0.70)
Max Drawdown %
-16.25% (cat: -15.76%)
Beta
1.00 (cat: 0.75)
Alpha (Ann %)
5.29% (cat: 3.43)
R-Squared %
99.92%
Tracking Error %
0.42%
Info Ratio
12.71
Upside Capture %
100.0%
Downside Capture %
99.3%
Risk-Free Rate Used
6.50%
Risk Metrics โ€” 5 Years
Category Avg (Index Funds)  ยท  Std Dev: 13.03%  ยท  Sharpe: 0.28  ยท  Sortino: 0.46  ยท  Max DD: -16.80%
Std Dev (Ann %)
16.11% (cat: 13.0%)
Sharpe Ratio
0.28 (cat: 0.28)
Sortino Ratio
0.39 (cat: 0.46)
Max Drawdown %
-16.25% (cat: -16.80%)
Beta
1.00
Alpha (Ann %)
7.15%
R-Squared %
99.92%
Tracking Error %
0.42%
Info Ratio
17.17
Upside Capture %
100.0%
Downside Capture %
99.3%
Benchmark
NIFTY BANK
Market Volatility Measures (3Y)
Upside Capture
100.0%
Downside Capture
99.3%
Max Drawdown
-16.25%
Quarterly Performance Analysis (Top 5 & Worst 5)

๐Ÿ“ˆ Upside Quarters (Top 5)

Quarter Fund Benchmark
Q2 2022 15.63% โ€”
Q1 2026 14.89% 14.46%
Q1 2024 11.71% โ€”
Q1 2025 11.60% 11.15%
Q3 2022 11.09% โ€”
Total 11 upside quarter(s)

๐Ÿ“‰ Downside Quarters (Worst 5)

Quarter Fund Benchmark
Q4 2025 -15.64% -15.62%
Q1 2022 -7.66% โ€”
Q4 2022 -5.52% โ€”
Q2 2026 -4.93% -5.06%
Q2 2025 -4.39% -4.67%
Total 8 downside quarter(s)
Year-wise Risk Metrics
Year Fund CAGR BM CAGR Alpha Beta Sharpe Sortino Max DD Upside Cap Downside Cap
2026 -7.02% -9.67% 2.30% 1.00 -0.73 -1.05 -16.25% 99.9% 99.4%
2025 17.41% 16.75% 1.30% 1.00 0.87 1.45 -6.92% 100.0% 99.2%
2024 6.12% โ€” โ€” โ€” -0.02 -0.03 -7.75% โ€” โ€”
2023 12.49% โ€” โ€” โ€” 0.47 0.67 -9.25% โ€” โ€”
2022* 28.38% โ€” โ€” โ€” 1.13 1.66 -14.79% โ€” โ€”
Drawdown Chart
Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period. Hover the โ“˜ on each card for how to interpret it.

Pre-inception
2018 IL&FS
โ€”
Aug 2018 โ†’ Oct 2018
Pre-inception
COVID-19
โ€”
Jan 2020 โ†’ Mar 2020
Pre-inception
2008 GFC
โ€”
Jan 2008 โ†’ Mar 2009
Partial
2022 Rate Hike
-6.2%
Jan 2022 โ†’ Jun 2022
Rec: Dec 2022 (5 mo)
Pre-inception
2015-16 China
โ€”
Mar 2015 โ†’ Feb 2016
2024-25 Tariff
-7.5%
Sep 2024 โ†’ Apr 2025
Recovery TBD
๐Ÿ“– How to interpret these numbers
0% or positive โ€” Held up during crash (exceptional)
0% to -15% โ€” Mild damage, manageable drawdown
Below -15% โ€” Significant hit; check recovery speed
Recovery label โ€” Months from trough back to pre-crash peak
Market Regime Analysis
Reading the cards: โ‰ฅ15% Excellent 5โ€“15% Good 0โ€“5% Muted <0% Lost money | Click โ–ผ Per-window on any card to see each individual time window
๐Ÿ“ˆ Bull Market
Strong sustained uptrend (>20% from lows)
23.7% avg CAGR
18 months covered ยท 1 window
Each row = one historical occurrence of this regime
Mar 2023 โ€“ Sep 2024
18 months 23.7%
๐Ÿ“‰ Bear Market
Sustained decline >20% from recent highs
-13.8% avg CAGR
6 months covered ยท 1 window
Each row = one historical occurrence of this regime
Sep 2024 โ€“ Apr 2025
6 months -13.8%
โ†”๏ธ Sideways / Consolidation
Range-bound market, low trend conviction
12.3% avg CAGR
13 months covered ยท 1 window
Each row = one historical occurrence of this regime
Mar 2022 โ€“ Mar 2023
13 months 12.3%
๐Ÿ”ฅ High Inflation Period
CPI/WPI elevated >6%; RBI tightening
15.4% avg CAGR
12 months covered ยท 1 window
Each row = one historical occurrence of this regime
Mar 2022 โ€“ Feb 2023
12 months 15.4%
โœ‚๏ธ Rate Cut Cycle
RBI cutting repo rate; liquidity supportive
60.5% avg CAGR
5 months covered ยท 2 windows
Each row = one historical occurrence of this regime
Mar 2022 โ€“ Apr 2022
1 months 111.6%
Feb 2025 โ€“ Jun 2025
4 months 45.1%

โ„น๏ธ Regime windows are approximations based on Nifty 50 price action and RBI policy dates. Returns shown are fund NAV CAGR within covered dates only.

โš ๏ธ Benchmark Note: Index data shown is Price Index, not TRI (Total Return Index). TRI includes dividends and is typically 1-2% higher annually. SEBI mandates TRI for official benchmark comparison.
Sector Allocation
Financial Services
100.0%
Weightage by Market Cap
Large Cap 66.61%
Mid Cap 4.82%
Small Cap 28.48%
Asset Allocation
Debt 0.00%
Cash 0.09%
Portfolio Summary
Category Avg (Index Funds)  ยท  Turnover: 0.5%  (median: 0.3%)
Total Holdings
16
Top 10 Weight
86.72%
Portfolio Turnover
0.32% (cat avg: 0.5%)
Top Holdings
As of Oct 2026
# Security Sector Weight % Fwd P/E
1
HDFC Bank Ltd
INE040A01034
 Financial Services
17.01%
13.0x
2
ICICI Bank Ltd
INE090A01021
 Financial Services
14.84%
16.2x
3
State Bank of India
INE062A01020
 Financial Services
10.26%
โ€”
4
Kotak Mahindra Bank Ltd
INE237A01036
 Financial Services
9.87%
โ€”
5
Axis Bank Ltd
INE238A01034
 Financial Services
9.19%
โ€”
6
The Federal Bank Ltd
INE171A01029
 Financial Services
7.14%
โ€”
7
IndusInd Bank Ltd
INE095A01012
 Financial Services
5.44%
โ€”
8
AU Small Finance Bank Ltd
INE949L01017
 Financial Services
4.82%
โ€”
9
IDFC First Bank Ltd
INE092T01019
 Financial Services
4.67%
โ€”
10
Bank of Baroda
INE028A01039
 Financial Services
3.47%
โ€”
11
Punjab National Bank
INE160A01022
 Financial Services
3.37%
โ€”
12
Yes Bank Ltd
INE528G01035
 Financial Services
3.33%
โ€”
13
Canara Bank
INE476A01022
 Financial Services
3.32%
โ€”
14
Union Bank of India
INE692A01016
 Financial Services
3.17%
โ€”
15
Treps
 cashAndEquivalents
1.37%
โ€”
16
Net Current Assets
 cashAndEquivalents
-1.27%
โ€”
Costs & Fees
Category Avg (Index Funds)  ยท  Expense Ratio: 0.29%  (median: 0.25%)  ยท  Turnover: 0.5%
Expense Ratio
0.22% (cat avg: 0.29%)
Expense Ratio Date
30 Sep 2026
Portfolio Turnover
0.32% (cat avg: 0.5%)
CRISIL Rating
Very High Risk
Kuvera Rating
โ€”
Investment Rules
Min Lumpsum
โ‚น1000
Min Additional
โ‚น1000
Min SIP
โ‚น1000
SIP Available
โœ… Yes
Lock-in Period
None
Redemption Allowed
โœ… Yes
Tax Treatment
Debt/Hybrid Fund Tax Rules
• All gains taxed at income slab rate (no indexation benefit after April 2023)
• Applicable to funds with <65% equity allocation
Benchmark
NIFTY BANK
SEBI-assigned category benchmark for this fund type.
Source: database
โš ๏ธ Data shown is Price Index, not TRI. TRI returns are typically 1-2% higher annually.
N
Nishit Patel
Fund Manager ยท captnemo
AMC
ICICI Prudential Mutual Fund
Manager tenure/profile
Not exposed by current APIs
A
Ajaykumar Solanki
Fund Manager ยท captnemo
AMC
ICICI Prudential Mutual Fund
Manager tenure/profile
Not exposed by current APIs
A
Ashwini Bharucha
Fund Manager ยท captnemo
AMC
ICICI Prudential Mutual Fund
Manager tenure/profile
Not exposed by current APIs
V
Venus Ahuja
Fund Manager ยท captnemo
AMC
ICICI Prudential Mutual Fund
Manager tenure/profile
Not exposed by current APIs
Management Context
Fund HouseICICI Prudential Mutual Fund
Inception / First NAVMarch 2, 2022
AUMRs 7333 Cr
Expense Ratio0.22%
Portfolio Turnover0.32%
RatingVery High Risk
BenchmarkNIFTY BANK
Data Sourcecaptnemo
Portfolio Managed
Holdings Used
16
database
Sectors
1
Portfolio view
3Y Sharpe
0.17
NAV computed
3Y Drawdown
-16.3%
NAV computed
The objective of the Scheme is 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. However, there is no assurance or guarantee that the investment objective of the scโ€ฆ
Computing fund scorecard & factor breakdownโ€ฆ
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