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Fund Facts
  • Name of Fund:
    Nippon India Nifty Bank Index
  • Opening:
    5th February 2024
  • Closing:
    16th February 2024
  • Scheme Type:
    Open Ended Equity Index Funds
  • Minimum Investment:
    Rs.1,000 and in multiples of Re.1 thereafter
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Not Applicable
  • Exit Road:
    Nil
  • Thereafter:
    Nil

Fund Stats

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.

  • Benchmark:

  • NIFTY BANK

  • Fund Manager:

  • Himanshu Mange

Asset Allocation

95-100% Securities constituting Nifty Bank Index
upto 5% Money Market
Comparable existing schemes
Motilal Oswal Nifty Bank Index Fund 5.03(6M) 11.24(1Y)
ICICI Prudential Nifty Bank Index Fund 4.90(6M) 10.99(1Y)

Fund Prognosis

Idea Distiller

A bank index fund. What is there to explain!!

  • Fund House AAUM:

  • Rs 38004904.17 Lakhs(as on 31st December, 2023)

  • Fund Manager:

  • Experience of above 4 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

If you are still an banking sector fan then go for it.