Nippon India Nifty Bank Index Fund
NAV
₹11.91
as of 6 Oct 2026
Nippon India Nifty Bank Index Fund is an open-ended Index Funds scheme from Nippon India Mutual Fund managing ₹232 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹11.91 as of 6 Oct 2026. The expense ratio is 0.34% a year. Managed by Jitendra Tolani. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.34% / yr
- as of 31 Aug 2026
- Fund size
- ₹232 crore
- as of 31 Aug 2026
- Exit load
- None
- SIP available
- Yes
- Launched
- 22 Feb 2024
- ISIN
- INF204KC1BY2
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Nifty Bank TRI
Nippon India Nifty Bank Index Fund
₹118
+18% on ₹100 over 2.6 yrs
Index Funds average
₹106
+6% on ₹100 over 2.6 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -5.87% | -5.86% | -0.01 |
| 6 months | -1.29% | -1.27% | -0.02 |
| 1 year | -2.16% | -2.12% | -0.04 |
Category average across 8 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -3.5%
- Median
- 6.7%
- Best
- 24.9%
21 windows over the last 32 months, stepped monthly; 91% ended positive. Worst window began 2 Jun 2025. Windows overlap – this is the range of past start dates, not a probability of anything.
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Right now
-10.7% below peak
Where the money actually is
Equity
99.9%
Cash
0.1%
Whole-portfolio split, as of 31 Aug 2026. The size split below covers only the equity slice of this.
What it owns
18 positions · top 10 = 86.7%
Market-cap mix (equity sleeve)
Large 74.5%Mid 25.4%Other 0.1%
as of 31 Aug 2026
Holdings by sector
Financial Services(10 in top 10)99.9%
- HDFC Bank Ltd17.01%
- ICICI Bank Ltd14.84%
- State Bank of India10.26%
- Kotak Mahindra Bank Ltd9.87%
- Axis Bank Ltd9.19%
- The Federal Bank Ltd7.14%
- IndusInd Bank Ltd5.44%
- AU Small Finance Bank Ltd4.82%
- IDFC First Bank Ltd4.67%
- Bank of Baroda3.47%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 34.3% vs category 33.7% a year.
Money in, money out
- Net flow, 12 months
- +₹59 cr
- Net flow, 3 months
- +₹23 cr
as of 31 Aug 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Nippon India Nifty Bank Index Fund?
- ₹11.91 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Nippon India Nifty Bank Index Fund?
- 0.34% a year for the Direct plan, as of 31 Aug 2026.
- How large is Nippon India Nifty Bank Index Fund?
- ₹232 crore under management as of 31 Aug 2026, in the Index Funds category.
- How risky is Nippon India Nifty Bank Index Fund?
- Its SEBI Riskometer reading is "Very High Risk". Own the whole market, pay almost nothing. A great deal of the ETF money is EPFO's.
- Who manages Nippon India Nifty Bank Index Fund?
- Jitendra Tolani, managing this fund for 1.6 years.
Where this fund sits
Its shelf, all funds
Ix · Index funds & ETFs →
Own the whole market, pay almost nothing. A great deal of the ETF money is EPFO's.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Index Funds funds
- UTI Nifty 50 Index Fund₹29,485 crore
- HDFC Nifty 50 Index Fund₹23,784 crore
- Nippon India Index Fund - Nifty 50 Plan₹3,884 crore
- Nippon India Nifty Smallcap 250 Index Fund₹3,518 crore
- UTI Nifty Private Bank Index Fund₹239 crore
- Axis Nifty500 Value 50 Index Fund₹236 crore
- Tata BSE Select Business Groups Index Fund₹225 crore
- JioBlackRock Nifty Next 50 Index Fund₹223 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty Bank TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.