Nippon India Nifty Bank Index Fund Direct-growth

  • 3 Months
  • 6 Months
  • 1 Year
  • 3 Years
  • 5 Years
  • RSI
3 Months Returns : -5.06%
NAV: ₹12.09 as on Mon Apr 27, 2026
Fund NAV

Fund Overview of Nippon India Nifty Bank Index Fund Direct-growth

  • ₹168.8 Cr
    AUM
  • ₹12.09
    NAV
  • 0.28%
    Expense Ratio
  • Equity
    Fund Category
As on Mon Apr 27, 2026
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Minimum amount you can invest: ₹500

Maximum amount you can invest: ₹1,00,000

We have used a return rate of 15% for our calculations.

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Returns of Nippon India Nifty Bank Index Fund Direct-growth

Tenure Absolute(%) Annualised(%) Category Average(%)
3 Months -5.06% NA 2.31%
6 Months -3.35% NA 15.50%
1 Year 3.44% 3.44% 10.43%
2 Years 17.85% 8.56% 18.38%
As on Mon Apr 27, 2026

Asset Allocation

equities

99.92%

debt instruments

0.01%

other assets or cash equivalents

0.07%
Large Cap: 77.77%
Mid Cap: 22.23%
Small Cap: 0.00%
Other: 0.00%
Top Holdings
Hdfc Bank Ltd
27.61%
Hdfc Bank Ltd
27.96%
Hdfc Bank Ltd
27.96%
Hdfc Bank Ltd
28.46%
Hdfc Bank Ltd
25.13%
 
Top Sectors
Financial
899.09%
Unspecified
0.92%
Detailed Portfolio Analysis
As on Mon Apr 27, 2026
Invest Now

About Fund

About Nippon India Nifty Bank Index Fund Direct-growth

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 ₹168.8 crore as on Tue Mar 31, 2026. The expense ratio stands at 0.28%.
The portfolio allocation consists of 99.92% in equities, 0.01% in debt instruments, 0.07% in other assets or cash equivalents.Managed by Jitendra Tolani, it has delivered a return of 3.44% in the last year, a total return since inception of 9.13%.
For those looking to make well-planned investment decisions it is useful to review best sip plan suited to financial planning needs.

Read more
  • Jitendra Tolani

    Fund Manager

  • MBA (FINANCE)

    Manager Education

Fund Details

Fund Names Nippon India Nifty Bank Index Fund Direct-growth
Inception Date 22 Feb 2024
Lock In No Lock-in
SIP Minimum Investment amount ₹100
SWP Minimum Investment amount ₹500
STP Minimum Investment amount ₹100
 
Risk Principal at very high risk
Category Average Annual Returns 10.43
More Details
Highest NAV in last 52 weeks & Lowest NAV in last 52 weeks

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Top Performing Mutual Funds

Fund Names AUM (Cr) 1M 3M 1Yr 3Yr 5Yr
Nippon India Etf Nifty Psu Bank Bees trend ₹3,670 7.28% -1.04% 35.42% 29.78% 34.53%
Kotak Nifty Psu Bank Exchange Traded Fund trend ₹2,148 7.28% -1.03% 35.42% 29.80% 34.50%
Nippon India Banking & Financial Services Fund Direct-growth trend ₹6,721 8.96% -1.96% 5.15% 17.45% 18.14%
Nippon India Banking & Financial Services Fund Direct-idcw trend ₹6,721 8.96% -1.96% 5.15% 17.45% 18.14%
Invesco India Financial Services Fund Direct-growth trend ₹1,480 9.22% -0.54% 11.90% 21.65% 17.98%
Invesco India Financial Services Fund Direct-idcw trend ₹1,480 9.22% -0.54% 11.90% 21.65% 17.98%
Nippon India Banking & Financial Services Fund-growth trend ₹6,721 8.88% -2.17% 4.25% 16.49% 17.18%
Nippon India Banking & Financial Services Fund-idcw trend ₹6,721 8.88% -2.17% 4.25% 16.49% 17.18%
Sundaram Financial Services Opportunities Fund Direct-growth trend ₹1,439 10.17% -2.87% 5.95% 18.28% 16.94%
Sundaram Financial Services Opportunities Fund Direct-idcw trend ₹1,439 10.17% -2.87% 5.95% 18.28% 16.94%
View More
increase growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns

More funds from Nippon India Mutual Fund

Fund Names AUM (Cr) 1M 3M 6M 1Yr 3Yr
Nippon India Etf Nifty Bank Bees increase ₹7,162 7.61% -5.04% -3.32% 3.48% 10.06%
Nippon India Banking & Financial Services Fund-growth increase ₹6,721 8.88% -2.17% -2.70% 4.25% 16.49%
Nippon India Banking & Financial Services Fund Direct-growth increase ₹6,721 8.96% -1.96% -2.28% 5.15% 17.45%
Nippon India Banking & Financial Services Fund-idcw increase ₹6,721 8.88% -2.17% -2.70% 4.25% 16.49%
Nippon India Banking & Financial Services Fund Direct-idcw increase ₹6,721 8.96% -1.96% -2.28% 5.15% 17.45%
Nippon India Etf Nifty Psu Bank Bees increase ₹3,670 7.28% -1.04% 10.59% 35.42% 29.78%
Nippon India Nifty Bank Index Fund Regular-growth increase ₹169 7.55% -5.20% -3.64% 2.81% -
Nippon India Nifty Bank Index Fund Regular-idcw increase ₹169 7.55% -5.20% -3.64% 2.81% -
Nippon India Nifty Bank Index Fund Direct-idcw increase ₹169 7.61% -5.06% -3.35% 3.44% -
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increase growth is based on 1-month returns of the funds

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Top Mutual Funds

Fund Names AUM (Cr) NAV 3Yr 5Yr 10Yr
SBI Banking & Financial Services Fund Direct-growth trend ₹9,380 ₹49.00 19.95% 15.70% 17.61%
SBI Banking & Financial Services Fund Regular-growth trend ₹9,380 ₹43.53 18.67% 14.41% 16.30%
SBI Banking & Financial Services Fund Direct-idcw trend ₹9,380 ₹43.79 19.95% 15.70% 17.61%
SBI Banking & Financial Services Fund Regular-idcw trend ₹9,380 ₹39.10 18.67% 14.41% 16.30%
ICICI Prudential Banking And Financial Services Direct Plan-growth trend ₹9,367 ₹146.69 13.86% 13.64% 15.03%
ICICI Prudential Banking And Financial Services-growth trend ₹9,367 ₹129.50 12.96% 12.71% 13.94%
ICICI Prudential Banking And Financial Services Direct Plan-idcw trend ₹9,367 ₹67.40 13.86% 13.64% 15.03%
ICICI Prudential Banking And Financial Services-idcw trend ₹9,367 ₹24.72 12.96% 12.71% 13.94%
Nippon India Etf Nifty Bank Bees trend ₹7,162 ₹580.12 10.06% 12.02% 13.07%
Nippon India Banking & Financial Services Fund-growth trend ₹6,721 ₹635.34 16.49% 17.18% 14.37%
View More
Top funds are based on Fund AUM

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Detailed Portfolio

Stocks Sector % of Holding Value
Hdfc Bank LtdFinancial27.61%₹50.27 Cr
Hdfc Bank LtdFinancial27.96%₹49.57 Cr
Hdfc Bank LtdFinancial27.96%₹49.57 Cr
Hdfc Bank LtdFinancial28.46%₹46.49 Cr
Hdfc Bank LtdFinancial25.13%₹46.11 Cr
Hdfc Bank LtdFinancial28.52%₹44.89 Cr
Icici Bank LtdFinancial22.97%₹41.83 Cr
Icici Bank LtdFinancial25.97%₹40.88 Cr
Hdfc Bank LtdFinancial22.00%₹40.78 Cr
Icici Bank LtdFinancial23.00%₹40.77 Cr
Icici Bank LtdFinancial23.00%₹40.77 Cr
Icici Bank LtdFinancial24.36%₹39.78 Cr
Hdfc Bank LtdFinancial19.68%₹37.10 Cr
Icici Bank LtdFinancial20.15%₹36.98 Cr
Icici Bank LtdFinancial18.16%₹33.66 Cr
Hdfc Bank LtdFinancial18.99%₹32.07 Cr
Icici Bank LtdFinancial16.12%₹30.39 Cr
Icici Bank LtdFinancial14.10%₹23.81 Cr
State Bank Of IndiaFinancial10.67%₹20.11 Cr
State Bank Of IndiaFinancial10.41%₹19.30 Cr
Axis Bank LtdFinancial9.93%₹18.73 Cr
Axis Bank LtdFinancial10.04%₹18.62 Cr
State Bank Of IndiaFinancial9.62%₹17.65 Cr
Kotak Mahindra Bank LtdFinancial9.15%₹17.26 Cr
State Bank Of IndiaFinancial9.42%₹17.14 Cr
Axis Bank LtdFinancial9.28%₹17.03 Cr
Kotak Mahindra Bank LtdFinancial9.22%₹16.92 Cr
Axis Bank LtdFinancial10.00%₹16.89 Cr
State Bank Of IndiaFinancial9.93%₹16.77 Cr
Axis Bank LtdFinancial9.09%₹16.54 Cr
State Bank Of IndiaFinancial9.31%₹16.51 Cr
State Bank Of IndiaFinancial9.31%₹16.51 Cr
Kotak Mahindra Bank LtdFinancial9.73%₹16.42 Cr
Kotak Mahindra Bank LtdFinancial8.84%₹16.40 Cr
Axis Bank LtdFinancial9.05%₹16.04 Cr
Axis Bank LtdFinancial9.05%₹16.04 Cr
Kotak Mahindra Bank LtdFinancial8.74%₹15.91 Cr
Kotak Mahindra Bank LtdFinancial8.94%₹15.84 Cr
Kotak Mahindra Bank LtdFinancial8.94%₹15.84 Cr
State Bank Of IndiaFinancial9.17%₹14.97 Cr
Kotak Mahindra Bank LtdFinancial8.95%₹14.62 Cr
Axis Bank LtdFinancial8.78%₹14.33 Cr
State Bank Of IndiaFinancial9.08%₹14.29 Cr
Kotak Mahindra Bank LtdFinancial8.07%₹12.70 Cr
Axis Bank LtdFinancial7.80%₹12.27 Cr
The Federal Bank LtdFinancial5.54%₹10.45 Cr
The Federal Bank LtdFinancial6.18%₹10.43 Cr
The Federal Bank LtdFinancial5.01%₹9.29 Cr
Indusind Bank LtdFinancial4.72%₹8.90 Cr
Bank Of BarodaFinancial4.45%₹8.39 Cr
Indusind Bank LtdFinancial4.79%₹8.09 Cr
The Federal Bank LtdFinancial4.31%₹7.90 Cr
Indusind Bank LtdFinancial4.15%₹7.69 Cr
Au Small Finance Bank LtdFinancial4.49%₹7.58 Cr
Bank Of BarodaFinancial4.44%₹7.50 Cr
Au Small Finance Bank LtdFinancial3.96%₹7.47 Cr
Canara BankFinancial3.90%₹7.35 Cr
Bank Of BarodaFinancial3.86%₹7.15 Cr
Idfc First Bank LtdFinancial3.78%₹7.00 Cr
Au Small Finance Bank LtdFinancial3.76%₹6.97 Cr
The Federal Bank LtdFinancial3.76%₹6.85 Cr
Canara BankFinancial4.05%₹6.84 Cr
Idfc First Bank LtdFinancial3.60%₹6.79 Cr
Indusind Bank LtdFinancial3.69%₹6.77 Cr
Au Small Finance Bank LtdFinancial3.60%₹6.60 Cr
Idfc First Bank LtdFinancial3.59%₹6.58 Cr
Idfc First Bank LtdFinancial3.80%₹6.41 Cr
Punjab National BankFinancial3.40%₹6.41 Cr
Bank Of BarodaFinancial3.49%₹6.40 Cr
The Federal Bank LtdFinancial3.57%₹6.32 Cr
The Federal Bank LtdFinancial3.57%₹6.32 Cr
Canara BankFinancial3.34%₹6.20 Cr
Canara BankFinancial3.34%₹6.12 Cr
Indusind Bank LtdFinancial3.36%₹6.11 Cr
Idfc First Bank LtdFinancial3.32%₹5.88 Cr
Idfc First Bank LtdFinancial3.32%₹5.88 Cr
Punjab National BankFinancial3.16%₹5.85 Cr
Au Small Finance Bank LtdFinancial3.19%₹5.81 Cr
Bank Of BarodaFinancial3.17%₹5.78 Cr
Punjab National BankFinancial3.38%₹5.70 Cr
Indusind Bank LtdFinancial3.21%₹5.69 Cr
Indusind Bank LtdFinancial3.21%₹5.69 Cr
Bank Of BarodaFinancial3.15%₹5.59 Cr
Bank Of BarodaFinancial3.15%₹5.59 Cr
Canara BankFinancial3.03%₹5.52 Cr
Idfc First Bank LtdFinancial2.98%₹5.43 Cr
Au Small Finance Bank LtdFinancial3.03%₹5.37 Cr
Au Small Finance Bank LtdFinancial3.03%₹5.37 Cr
Indusind Bank LtdFinancial3.36%₹5.28 Cr
Punjab National BankFinancial2.85%₹5.22 Cr
Union Bank Of IndiaFinancial3.09%₹5.22 Cr
Indusind Bank LtdFinancial3.14%₹5.13 Cr
The Federal Bank LtdFinancial3.24%₹5.10 Cr
Bank Of BarodaFinancial3.09%₹5.05 Cr
Canara BankFinancial2.83%₹5.02 Cr
Canara BankFinancial2.83%₹5.02 Cr
The Federal Bank LtdFinancial3.07%₹5.02 Cr
Yes Bank LtdFinancial2.95%₹4.98 Cr
Idfc First Bank LtdFinancial2.99%₹4.88 Cr
Idfc First Bank LtdFinancial3.10%₹4.87 Cr
Union Bank Of IndiaFinancial2.51%₹4.74 Cr
Bank Of BarodaFinancial2.97%₹4.68 Cr
Punjab National BankFinancial2.55%₹4.64 Cr
Punjab National BankFinancial2.60%₹4.61 Cr
Punjab National BankFinancial2.60%₹4.61 Cr
Canara BankFinancial2.70%₹4.41 Cr
Au Small Finance Bank LtdFinancial2.78%₹4.38 Cr
Au Small Finance Bank LtdFinancial2.67%₹4.36 Cr
Yes Bank LtdFinancial2.29%₹4.32 Cr
Punjab National BankFinancial2.52%₹4.12 Cr
Canara BankFinancial2.41%₹3.80 Cr
Punjab National BankFinancial2.40%₹3.77 Cr
Yes Bank LtdFinancial1.71%₹3.17 Cr
Union Bank Of IndiaFinancial1.68%₹3.12 Cr
RepoUnspecified1.04%₹1.75 Cr
Yes Bank LtdFinancial0.87%₹1.60 Cr
Union Bank Of IndiaFinancial0.80%₹1.47 Cr
RepoUnspecified0.72%₹1.18 Cr
RepoUnspecified0.46%₹0.85 Cr
RepoUnspecified0.40%₹0.73 Cr
RepoUnspecified0.33%₹0.62 Cr
RepoUnspecified0.30%₹0.54 Cr
RepoUnspecified0.25%₹0.45 Cr
RepoUnspecified0.25%₹0.45 Cr
RepoUnspecified0.25%₹0.39 Cr
Net Current AssetsUnspecified0.05%₹0.10 Cr
Others Mrgn MoneyUnspecified0.01%₹0.01 Cr
Others Mrgn MoneyUnspecified0.00%₹0.01 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Others Mrgn MoneyUnspecified0.00%₹0.00 Cr
Net PayablesUnspecified-0.17%₹-0.30 Cr
Net PayablesUnspecified-0.22%₹-0.39 Cr
Net PayablesUnspecified-0.22%₹-0.39 Cr
Net PayablesUnspecified-0.25%₹-0.45 Cr
Net PayablesUnspecified-0.34%₹-0.60 Cr
Net PayablesUnspecified-0.36%₹-0.69 Cr
Net PayablesUnspecified-0.62%₹-1.03 Cr
Net PayablesUnspecified-0.97%₹-1.63 Cr
View More

Top Equity Funds

Fund Names NAV 3Yr 5Yr 52 weeks high
Nippon India Etf Nifty Psu Bank Bees increase ₹98.45 29.78% 34.53% -
Kotak Nifty Psu Bank Exchange Traded Fund increase ₹882.50 29.80% 34.50% -
Nippon India Banking & Financial Services Fund Direct-growth increase ₹698.91 17.45% 18.14% -
Nippon India Banking & Financial Services Fund Direct-idcw increase ₹101.51 17.45% 18.14% -
Invesco India Financial Services Fund Direct-growth increase ₹172.56 21.65% 17.98% -
Invesco India Financial Services Fund Direct-idcw increase ₹88.82 21.65% 17.98% -
Nippon India Banking & Financial Services Fund-growth increase ₹635.34 16.49% 17.18% -
Nippon India Banking & Financial Services Fund-idcw increase ₹67.37 16.49% 17.18% -
Sundaram Financial Services Opportunities Fund Direct-growth increase ₹121.38 18.28% 16.94% -
Sundaram Financial Services Opportunities Fund Direct-idcw increase ₹35.71 18.28% 16.94% -
View More
increase growth is based on 5Y returns of the funds

Frequently Asked Questions

Nippon India Nifty Bank Index Fund Direct-growth

What is the current AUM of Nippon India Nifty Bank Index Fund Direct-growth?

As of Tue Mar 31, 2026, Nippon India Nifty Bank Index Fund Direct-growth manages assets worth ₹168.8 crore

What is the long-term performance of Nippon India Nifty Bank Index Fund Direct-growth?

  • Since Inception: 9.13%

What is the portfolio composition of Nippon India Nifty Bank Index Fund Direct-growth?

Equity: 99.92%, Debt: 0.01%, Others: 0.07%.

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: 77.77%, Mid Cap: 22.23%.

Which are the top companies Nippon India Nifty Bank Index Fund Direct-growth has invested in?

  • HDFC Bank Ltd – 27.61% of the fund's portfolio
  • HDFC Bank Ltd – 27.96% of the fund's portfolio
  • HDFC Bank Ltd – 27.96% of the fund's portfolio
  • HDFC Bank Ltd – 28.46% of the fund's portfolio
  • HDFC Bank Ltd – 25.13% of the fund's portfolio

Which are the major sectors Nippon India Nifty Bank Index Fund Direct-growth focuses on?

  • Financial – 899.09% of the fund's portfolio
  • Unspecified – 0.92% of the fund's portfolio
View more FAQ's

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Past performance may not be indicative of future results.

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