ICICI Prudential Nifty Bank Index Fund Direct Growth

ICICI Prudential Nifty Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Nishit Patel is the Current Fund Manager of ICICI Prudential Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,81,394 Cr and the Latest NAV as of 14 Jan 2025 is ₹13.93. The ICICI Prudential Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹1,000. ;

Investment Objective

The scheme seeks 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. ;