NAV
₹11.8048
as of 30 Sept 2026
Expense Ratio
0.31%
Viewing Direct · Growth
Lumpsum returns (CAGR)
- 1Y
- +0.32%
- 3Y
- —
- 5Y
- —
- Since Inception
- +6.58%
SIP returns (XIRR)
- 1Y
- -5.77%
- 3Y
- —
- 5Y
- —
- Since Inception
- +2.29%
Performance Comparison
Sectoral allocation
as of 31 Aug 2026- Banks99.90%
Each sector links to the mutual funds most exposed to it.
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Fund Details
Fund HouseNippon India Mutual Fund
CategoryIndex Fund
Launch Date22 Feb 2024
AMFI Code152389
Transaction facts
Min. Lumpsum₹1,000
Min. SIP₹100
Exit LoadNil
Available transactions
PurchaseSIPRedeemSWPSwitchSTPDemat
What this fund does
Nippon India Nifty Bank Index Fund · Direct · Growth is a passively managed fund that tracks a specific market index, aiming to replicate its returns with minimal tracking error. Index funds offer low-cost, diversified exposure to the market with full transparency of holdings.
About This Fund
Nippon India Nifty Bank Index Fund · Direct · Growth is a Index Fund mutual fund offered by Nippon India Mutual Fund. The fund has been operational for over 2 years. The current expense ratio is 0.31%.
Who Should Invest?
- •Cost-conscious investors who prefer passive investing with low expense ratios