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Nippon India Nifty Bank Index Fund Direct Growth
NAV: 23 Sep '26
₹12.22
Min. for SIP
₹100
Fund size (AUM)
₹232.22 Cr
Expense ratio
0.31%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,800 | -1.33% | |
| 6 months | ₹30,000 | ₹30,503 | +1.68% | |
| 1 year | ₹60,000 | ₹59,788 | -0.35% |
Holdings (17)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 17.01% |
| ICICI Bank Ltd | Financial | Equity | 14.84% |
| State Bank of India | Financial | Equity | 10.26% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 9.87% |
| Axis Bank Ltd | Financial | Equity | 9.19% |
| The Federal Bank Ltd | Financial | Equity | 7.14% |
| Indusind Bank Ltd | Financial | Equity | 5.44% |
| AU Small Finance Bank Ltd | Financial | Equity | 4.82% |
| IDFC First Bank Ltd | Financial | Equity | 4.67% |
| Bank Of Baroda | Financial | Equity | 3.47% |
| Punjab National Bank | Financial | Equity | 3.37% |
| Yes Bank Ltd | Financial | Equity | 3.33% |
| Canara Bank | Financial | Equity | 3.32% |
| Union Bank of India | Financial | Equity | 3.17% |
| Repo | Unspecified | Repo | 0.16% |
| Others Mrgn Money | Unspecified | Margin Money | 0.00% |
| Net Payables | Unspecified | Net Payables | -0.06% |
See All
Minimum investments
Min. for 1st investment
₹1,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | -2.4% | +2.4% | +1.5% | +21.8% |
| Category average (Equity Sectoral) | -- | -- | +16.5% | -- |
| Rank (Equity Sectoral) | 33 | 34 | 29 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
JTJitendra TolaniFeb 2025 - PresentView details
JT
Jitendra Tolani
Feb 2025 - Present
View details
About Nippon India Nifty Bank Index Fund Direct Growth
Nippon India Nifty Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Jitendra Tolani is the Current Fund Manager of Nippon India Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,97,966 Cr and the Latest NAV as of 23 Sep 2026 is ₹12.22.
The Nippon India Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹1,000.
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Investment Objective
The scheme seeks 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.
Fund benchmarkNIFTY Bank Total Return Index
Fund house
Rank (total assets)#4 in India
Total AUM₹7,97,966.37 Cr
Date of Incorporation30 Jun 1995
Launch Date30 Jun 1995
Address30th Floor, One Lodha PlaceSenapati Bapat Marg, Lower ParelMumbai Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,