Nippon India Nifty Bank Index Fund - Direct Plan - Growth Option

Open Ended Schemes(Other Scheme - Index Funds)Very High Riskvs Nifty Bank IndexISIN INF204KC1BY2

NAV · 06-Jul-2026

₹12.5789

+7.19%

-3.41%

1Y (CAGR)

+2.51%

3Y (CAGR)

—

5Y (CAGR)

—

Since inception (CAGR)

+10.34%

NAV history

hover for values

Risk & SIP analytics

Volatility (3y)

16.56%

Downside dev (3y)

12.69%

Max drawdown (3y)

-18.3%

Calendar-year returns

2025 +17.7%

Vs benchmark — Nifty Bank

3y monthly · 29 months of overlap

Beta

1.00

Alpha (p.a.)

+0.54%

Up capture

100.4%

Down capture

97.8%

Correlation

1.00

Fund facts

Fund managerJitendra Tolani

AUM₹1,952 Cr

Expense ratio0.17% · 2026-05-31

TER · AMFI officialDirect 0.25% · Regular 0.87% (2026-06-30)

Launch date05-Feb-2024

Plan typeOpen Ended · Others

Min lumpsum₹1,000

Min SIP₹100

Lock-inNone

Volatility16.51

AMCNippon Life India Asset Management Limited

Objective · The investment objective of the scheme is 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. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

scheme documents ↗