Icici Prudential Nifty Bank Index Fund Overview
Category Index Funds
BMSMONEY Rank 2
Rating
Growth Option 21-05-2025
NAV ₹15.42(R) +0.35% ₹15.75(D) +0.35%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 14.37% 16.88% -% -% -%
Direct 15.05% 17.65% -% -% -%
Benchmark
SIP (XIRR) Regular 14.42% 13.86% -% -% -%
Direct 15.06% 14.54% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.55 0.32 0.77 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.0% -17.27% -9.07% - 9.76%
Top Index Funds
Fund Name Rank Rating
Motilal Oswal Nifty Bank Index Fund 1
ICICI Prudential Nifty Bank Index Fund 2
AXIS Nifty Midcap 50 Index Fund 3
Navi Nifty Bank Index Fund 4
Motilal Oswal Nifty Midcap 150 Index Fund 5
Nippon India Nifty Midcap 150 Index Fund 6
Aditya Birla Sun Life Nifty Midcap 150 Index Fund 7
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund 8
ICICI Prudential Nifty Midcap 150 Index Fund 9
Navi Nifty Midcap 150 Index Fund 10
UTI BSE Low Volatility Index Fund 11
HDFC NIFTY50 Equal Weight Index Fund 12
Edelweiss Nifty Large Mid Cap 250 Index Fund 13
DSP Nifty 50 Equal Weight Index Fund 14
Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund 15
Kotak Nifty SDL Apr 2032 Top 12 Eq Wt Index Fund 16
UTI Nifty 50 Index Fund 17
UTI BSE Sensex Index Fund 18

NAV Date: 21-05-2025

Scheme Name NAV Rupee Change Percent Change
ICICI Prudential Nifty Bank Index Fund - Growth 15.42
0.0500
0.3500%
ICICI Prudential Nifty Bank Index Fund - IDCW 15.42
0.0500
0.3500%
ICICI Prudential Nifty Bank Index Fund - Direct Plan Growth 15.75
0.0600
0.3500%
ICICI Prudential Nifty Bank Index Fund - Direct Plan IDCW 15.75
0.0600
0.3500%

Review Date: 21-05-2025

Beginning of Analysis

In the Index Funds category, ICICI Prudential Nifty Bank Index Fund is the second ranked fund. The category has total 86 funds. The ICICI Prudential Nifty Bank Index Fund has shown an excellent past performence in Index Funds. The fund has a Sharpe Ratio of 0.55 which is higher than the category average of 0.51.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Index Mutual Fundss

ICICI Prudential Nifty Bank Index Fund Return Analysis

  • The fund has given a return of -0.27%, 12.55 and 9.35 in last one, three and six months respectively. In the same period the category average return was 3.5%, 8.54% and 3.21% respectively.
  • ICICI Prudential Nifty Bank Index Fund has given a return of 15.05% in last one year. In the same period the Index Funds category average return was 6.98%.
  • The fund has given a return of 17.65% in last three years and ranked 35.0th out of 84 funds in the category. In the same period the Index Funds category average return was 16.9%.
  • The fund has given a SIP return of 15.06% in last one year whereas category average SIP return is 3.35%. The fund one year return rank in the category is 6th in 136 funds
  • The fund has SIP return of 14.54% in last three years and ranks 56th in 82 funds. Aditya Birla Sun Life Nifty Smallcap 50 Index Fund has given the highest SIP return (26.02%) in the category in last three years.

ICICI Prudential Nifty Bank Index Fund Risk Analysis

  • The fund has a standard deviation of 15.0 and semi deviation of 9.76. The category average standard deviation is 12.59 and semi deviation is 9.04.
  • The fund has a Value at Risk (VaR) of -17.27 and a maximum drawdown of -9.07. The category average VaR is -16.53 and the maximum drawdown is -14.13.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Index Funds Category
  • Good Performance in Index Funds Category
  • Poor Performance in Index Funds Category
  • Very Poor Performance in Index Funds Category


    • Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Icici Prudential Nifty Bank Index Fund NAV Regular Growth Icici Prudential Nifty Bank Index Fund NAV Direct Growth
    21-05-2025 15.4152 15.7504
    20-05-2025 15.361 15.6948
    19-05-2025 15.5133 15.8501
    16-05-2025 15.4959 15.8316
    15-05-2025 15.4712 15.8061
    14-05-2025 15.3167 15.648
    13-05-2025 15.3561 15.6879
    12-05-2025 15.4799 15.8141
    09-05-2025 14.9814 15.3042
    08-05-2025 15.197 15.5241
    07-05-2025 15.2658 15.5942
    06-05-2025 15.1714 15.4974
    02-05-2025 15.4083 15.7384
    30-04-2025 15.4011 15.7305
    28-04-2025 15.4982 15.8292
    25-04-2025 15.2843 15.6099
    24-04-2025 15.4348 15.7634
    23-04-2025 15.4823 15.8116
    22-04-2025 15.5601 15.8908
    21-04-2025 15.4644 15.7928

    Fund Launch Date: 02/Mar/2022
    Fund Category: Index Funds
    Investment Objective: The objective of the Scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.
    Fund Description: An open ended scheme replicating Nifty Bank Index
    Fund Benchmark: Nifty Bank Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.