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ICICI Prudential Nifty Private Bank Index Fund

Q: What is the NAV of ICICI Prudential Nifty Private Bank Index Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Nifty Private Bank Index Fund is ₹9.61 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Nifty Private Bank Index Fund delivered?

ICICI Prudential Nifty Private Bank Index Fund has returned -1.54% over 1 year and -3.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund charges an expense ratio of 0.65% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund's largest holdings are ICICI Bank Ltd. (22.1%), Kotak Mahindra Bank Ltd. (20.8%), Axis Bank Ltd. (19.0%), HDFC Bank Ltd. (18.6%) and The Federal Bank Ltd. (5.9%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.7% and its worst peak-to-trough fall in our sample was -17.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is benchmarked against the Nifty Private Bank TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is managed by Nishit Patel, Ashwini Shinde and Venus Ahuja at ICICI Prudential.

Q: How is ICICI Prudential Nifty Private Bank Index Fund taxed?

ICICI Prudential Nifty Private Bank Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Index Funds

NAV

₹9.61

+0.07% 1D

as of 05 Oct 2026

This is the Direct plan of ICICI Prudential Nifty Private Bank Index Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-2.71%absolute

52-week rangePrev NAV ₹9.60

Latest ₹9.61

Low ₹8.6653rd percentile of its 52-week rangeHigh ₹10.45

Scorecard

★★☆☆☆2/5 vs 330 of 381 Index Funds peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Index Funds (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 330 of the 381 Index Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Index Funds peers to rank yet

RiskHigh

Volatility 15.7% vs 12.3% category avg

CostHigh

0.7% expense vs 0.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

1-year return (-1.54%) trails the Index Funds average (-0.08%)
More volatile than its Index Funds peers (15.7% vs 12.3%)
High expense ratio (0.65%) vs the Index Funds average of 0.50%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.65%

Category 0.50%▲0.15%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

16.74

Category 22.29▼5.55

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.46

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty Private Bank TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

18 Jul 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.00%

Absolute return over the last 3 months (not annualized)

-5.10%

Absolute return over the last 6 months (not annualized)

+8.65%

Absolute return since 1 Jan of this year (not annualized)

-6.68%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.54%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-3.30%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.71%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-17.14%

Benchmark ratios (vs Nifty Bank TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank TRI

—

Sensitivity to Nifty Bank TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Bank TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Bank TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-4.00%	-3.93%	-0.07%
3M abs	-5.10%	-3.17%	-1.93%
6M abs	+8.65%	+5.89%	+2.76%
1Y CAGR	-1.54%	-0.08%	-1.46%
3Y CAGR	—	+9.25%	—
5Y CAGR	—	+8.29%	—

Category average across peers in Index Funds (376 of 381 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 381 peers in Index Funds

1Y return

-1.54%

Beats 40.7% · rank #196

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.17L

Absolute

-2.41%

XIRR

-5.20%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into ICICI Prudential Nifty Private Bank Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Bank TRI	Diff
2026part	-6.68%	-7.52%	+0.84%
2025part	+2.88%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — Venus Ahuja stepped away
25 Sep 2026

History points

297

Expense ratio

0.65%

AUM

₹28.61Cr

Portfolio turnover

60%

Exit load

Nil

P/E ratio

16.7

P/B ratio

2.5

Avg market cap

₹5,86,083Cr

P/E & P/B are portfolio-weighted harmonic means across 9 of 10 equity holdings (99% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Index Funds

Compare all


ICICI Prudential Nifty Private Bank Index FundThis fund ICICI Prudential · Direct · Growth	★★☆☆☆ 1Y	-1.54%	—	—	16.74	0.65%	₹28.61Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Direct · Growth	★★★★☆	+32.94%	+33.72%	+20.60%	—	0.63%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Direct · Growth	★★★★☆	+24.33%	+27.72%	+18.70%	—	0.64%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Direct · Growth	★★★★★	+20.08%	+20.30%	—	39.44	0.51%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Direct · Growth	★★★★☆	+3.94%	+20.03%	—	8.56	0.73%	₹729.68Cr
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal · Direct · Growth	★★★★☆	-0.83%	+18.82%	—	7.75	0.55%	₹2,077Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap80.5%
Mid cap18.5%
Small cap1.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity99.98%
Cash & Equivalents0.02%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Groww Nifty Private Bank Index Fund Groww · Index Funds	100.0%	—	1.10%	—
UTI Nifty Private Bank Index Fund UTI · Index Funds	100.0%	★★☆☆☆	0.56%	—
DSP Nifty Private Bank Index Fund DSP · Index Funds	100.0%	★★☆☆☆	0.52%	—
DSP Nifty Bank Index Fund DSP · Index Funds	67.9%	★★★☆☆	0.27%	—
Nippon India ETF Nifty Bank BeES Nippon India · Other ETFs	67.9%	—	0.20%	+7.95%
UTI Nifty Bank ETF UTI · Equity ETF	67.9%	★★☆☆☆	—	+8.03%
Nippon India Nifty Bank Index Fund Nippon India · Index Funds	67.9%	★★★☆☆	0.31%	—
Axis Nifty Bank Index Fund Axis · Index Funds	67.9%	★★★☆☆	0.24%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-17.1%18 Feb 2026 → 31 Mar 2026
Still below that high — 41 days down, and no recovery yet.
-6.8%23 Jul 2025 → 29 Aug 2025
Fell over 37 days, back to the old high on 16 Oct 2025 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹28.61Cr

April - June 2026

+42%

since January - March 2026

At or near its largest, ₹28.61Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

NPNishit PatelStart date not disclosed

Role

Fund Manager – Passive Funds

Education

Chartered Analyst (CFA) (Level I), Chartered and B.Com

Experience

Mr. Nishit joined ICICI Prudential Asset Management Company Limited in November 2017. He has over 7 years of experience. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ETF Business - November 2017 – January 2020. •

Funds managed (58)

All schemes Nishit Patel runs →

ASAshwini ShindeStart date not disclosed

Role

Manager - Dealer Support

Total experience

Over 6 years

Education

Bachelor of Commerce (B.Com), Master of Commerce (M.Com) from Mumbai University and Inter CA

Experience

During November 2024, Ms. Ashwini was appointed as fund manager for certain passive schemes. Prior to this she was working as the Deputy Manager Dealer Support in the Investment Department of ICICI Prudential Asset Management Company Limited w.e.f. August 1, 2024. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Treasury Mutual Fund Operations - March 14, 2016 to January 30, 2020 ~ ICICI Prudential Asset Management Company Limited - Treasury Mutual ICICI Prudential Nifty IT ETF Fund Operations - August 3, 2021 to July 31, 2024.

Funds managed (57)

All schemes Ashwini Shinde runs →

VAVenus AhujaStart date not disclosed

Role

Dealer – ETF

Total experience

Over 3 years

Education

Chartered Accountant and B.Com

Experience

Ahuja has appointed as the Fund effect from dealer in the Company Asset Company – Investment August 6

Funds managed (34)

All schemes Venus Ahuja runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Nishit Patel Ashwini Shinde Venus Ahuja

Top holdings

ICICI Bank Ltd.Kotak Mahindra Bank Ltd.Axis Bank Ltd.HDFC Bank Ltd.The Federal Bank Ltd.IndusInd Bank Ltd.IDFC First Bank Ltd.Yes Bank Ltd.RBL Bank Ltd.Bandhan Bank Ltd.

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Index funds & ETFs

Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.

Frequently asked questions

What is the NAV of ICICI Prudential Nifty Private Bank Index Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential Nifty Private Bank Index Fund is ₹9.61 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Nifty Private Bank Index Fund delivered?

ICICI Prudential Nifty Private Bank Index Fund has returned -1.54% over 1 year and -3.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund charges an expense ratio of 0.65% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund's largest holdings are ICICI Bank Ltd. (22.1%), Kotak Mahindra Bank Ltd. (20.8%), Axis Bank Ltd. (19.0%), HDFC Bank Ltd. (18.6%) and The Federal Bank Ltd. (5.9%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.7% and its worst peak-to-trough fall in our sample was -17.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is benchmarked against the Nifty Private Bank TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Nifty Private Bank Index Fund?

ICICI Prudential Nifty Private Bank Index Fund is managed by Nishit Patel, Ashwini Shinde and Venus Ahuja at ICICI Prudential.

How is ICICI Prudential Nifty Private Bank Index Fund taxed?

ICICI Prudential Nifty Private Bank Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.