- AMC
- Nippon India Mutual Fund
- Category
- Index Funds
- ISIN
- INF204KC1BZ9
Nippon India Nifty Bank Index Fund
₹11.9839
−₹0.0770 (−0.64%)
NAV · Direct · IDCW ·
Nippon India Nifty Bank Index Fund's Direct IDCW NAV was ₹11.9839 on 19 Oct 2026, down 0.64% on the day. Its 1-year return is −3.58%.
- Expense ratio
- 0.90%
- Fund size
- ₹202.02 Cr
- Min. investment
- ₹1,000
NAV history
Between 20 Oct 2025 and 19 Oct 2026, the NAV ranged from ₹10.8118 to ₹13.2400.
Direct · IDCW plan. 3Y, 5Y and since-launch returns are annualised; since launch is absolute until the fund is a year old. Longer ranges appear once the fund has that much history.
Fund details
- Expense ratio
- 0.90% (Direct)
- Exit load
- nil
- Riskometer
- Very high
- Benchmark
- NIFTY BANK TRI
- Launched
- 5 Feb 2024
- Fund managers
- Jitendra Tolani
Fund size, expense ratio and minimums as of 1 Oct 2026.
All plans
| Plan | ISIN | NAV | 1 day | Expense ratio | 1 year |
|---|---|---|---|---|---|
| Direct · Growth | INF204KC1BY2 | ₹11.9839 | −0.64% | 0.90% | −3.58% |
| Regular · Growth | INF204KC1BV8 | ₹11.7956 | −0.64% | 0.90% | −4.16% |
| Direct · IDCW | INF204KC1BZ9 | ₹11.9839 | −0.64% | 0.90% | −3.58% |
| Regular · IDCW | INF204KC1BW6 | ₹11.7956 | −0.64% | 0.90% | −4.16% |
All plans hold the same portfolio. They differ in expense ratio (Direct plans pay no distributor commission) and in how gains are handled (Growth reinvests, IDCW pays out).
About this fund
Nippon India Nifty Bank Index Fund is an open-ended mutual fund from Nippon India Mutual Fund, in the Index Funds category. It began on 5 Feb 2024. It is benchmarked to the NIFTY BANK TRI. The fund manages ₹202.02 Cr across its plans as of 1 Oct 2026. The Direct · IDCW plan has an expense ratio of 0.90%. The minimum first investment is ₹1,000, and SIPs are available.
FAQs
What is the NAV of Nippon India Nifty Bank Index Fund?
The NAV of Nippon India Nifty Bank Index Fund (Direct · IDCW) was ₹11.9839 on 19 Oct 2026, down 0.64% from the previous NAV.
What plans does Nippon India Nifty Bank Index Fund have?
Nippon India Nifty Bank Index Fund has 4 plans: Direct · Growth; Regular · Growth; Direct · IDCW; Regular · IDCW.
What is the expense ratio of Nippon India Nifty Bank Index Fund?
The Direct · IDCW plan of Nippon India Nifty Bank Index Fund has an expense ratio of 0.90%.
What is the fund size (AUM) of Nippon India Nifty Bank Index Fund?
Nippon India Nifty Bank Index Fund manages ₹202.02 Cr across all plans as of 1 Oct 2026.
What returns has Nippon India Nifty Bank Index Fund delivered?
Nippon India Nifty Bank Index Fund returned −3.58% over 1Y. Past performance does not guarantee future returns.
What is the exit load of Nippon India Nifty Bank Index Fund?
Nippon India Nifty Bank Index Fund: nil.
What is the minimum investment and SIP amount for Nippon India Nifty Bank Index Fund?
The minimum first investment in Nippon India Nifty Bank Index Fund is ₹1,000, and ₹1,000 after that. SIPs are available (SIP available: Daily/Weekly/Monthly/Quarterly/Yearly with minimum amounts of Rs.100-5000 depending on frequency, minimum 2-90 instalments based on frequency).
How risky is Nippon India Nifty Bank Index Fund?
Nippon India Nifty Bank Index Fund is rated "very high risk" on SEBI's riskometer.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.
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