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OmniAsset › Mutual funds › Nippon India Nifty Bank Index Fund

Nippon India Nifty Bank Index Fund

Index Fund fund benchmarked to NIFTY BANK TRI. Every figure below is read from one dated snapshot; what the snapshot cannot prove is left out, never estimated.

Latest NAV2 Sep 202612.356
CategoryIndex Fund
PlanDirect · Growth
Launched5 Feb 2024
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1NIFTY BANK TRI
Expense ratiodirect plan, a year · stated maximum, from the scheme document0.34%
AUM₹118 Cr
Growth of ₹10,000₹12,45226 Feb 2024 to 2 Sep 2026
₹13,280₹12,459₹11,638₹10,817₹9,997Feb 2024Oct 2024Jun 2025Jan 2026Sep 2026
₹12,452 (+9.1% a year) Nippon India Nifty Bank Index Fund

Performance (trailing, annualised)

1Y annualised6.88%

Point-to-point from the fund's own published NAV; a period the history does not span is left out.

SIP returns

SIP 1Y (₹10,000 a month)invested ₹1,20,000 → worth ₹1,21,5012.32%

₹10,000 on the first of every month, valued at the latest NAV, as an annualised rate (XIRR).

Calendar years

Calendar 202517.69%

Rolling returns

Rolling 1Y · average78 windows since 4 Mar 20259.42%
Rolling 1Y · median9.42%
Rolling 1Y · worst window-3.94%
Rolling 1Y · best window24.76%
Rolling 1Y · windows positive96%

Every window of that length in the published history, so one lucky start date cannot flatter the fund.

Risk

Volatility (3Y)16.35%
Downside deviation (3Y)11.55%
Maximum drawdown-18.34%

Management

Fund managerJitendra Tolani
Managing since1 Feb 2025

What it holds

SecurityWeight
HDFC Bank Limited18.1%
ICICI Bank Limited14.8%
State Bank of India10.1%
Kotak Mahindra Bank Limited9.3%
Axis Bank Limited8.8%
The Federal Bank Limited7.3%
IndusInd Bank Limited5.5%
AU Small Finance Bank Limited4.7%
IDFC First Bank Limited4.7%
Bank of Baroda3.6%
SectorWeight
Banks99.6%

Portfolio disclosed: 99.6% by weight.

Related

Source: the OmniAsset signed reference snapshot, as of 4 Sep 2026. Figures are deterministic; missing data is withheld, never estimated. See methodology and data sources. Not investment advice.

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