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Product scoring may vary based on gender, age, policy tenure and sum assured.
Gender
Male
Age Group
The lowest age in the selected range is considered for price evaluation (e.g., 25 - 29)
30 - 34
Sum Assured
₹ 1Cr
Index • Banking and Financial Services Index Fund • Nifty Private Bank - TRI
ICICI Pru Nifty Private Bank Index Fund(G)-Direct Plan
1 Finance Rank:
14
141 Finance Score:
43100
Tracking Error Score
31
Tracking Difference Score
50
Expense Ratio Score
66
Fund Age Score
1
by 1 Finance Research 1 Finance Scores reflect a holistic assessment of fund performance, risk, and costs.
AUM
₹ 19 Cr(As on 31-Mar-2026)NAV
₹ 9.5097(As on 08-May-2026)No. of Stocks
10(As on 31-Mar-2026)
14
Index • Banking and Financial Services Index Fund • Nifty Private Bank - TRI
ICICI Pru Nifty Private Bank Index Fund(G)-Direct Plan
This fund ranks 14th out of 16 funds in its category.
AUM₹ 19 Cr(As on 31-Mar-2026)
NAV₹ 9.5097(As on 08-May-2026)
No. of Stocks10(As on 31-Mar-2026)
1 Finance Score: 43/100
Tracking Error Score
31
Tracking Difference Score
50
Expense Ratio Score
66
Fund Age Score
1
Rolling Returns
| Avg. Rolling Returns | 1 year | 3 year | 5 year | 7 year |
|---|
| Avg. Rolling Returns |
|---|
| 1 Year |
| 3 Years |
| 5 Years |
| 7 Years |
“80% of mutual fund schemes lose 25% or more value due to commissions in 10 years.” Source: 1 Finance Research
Fundamental Ratios
Score Trend
1000
Fund Age
1 yearsTracking Error
0.18%Tracking Difference
-*Most top-ranked mutual funds won't hold their rank for long. Source: 1 Finance Research
Portfolio summary
Asset Allocation
Equity
Others
Debt
96.38%
3.62%
0%
Market Capitalisation
Large Cap
79.23%
Mid Cap
14.73%
Small Cap
2.43%
Others
3.62%
Equity Sector Allocation
Bank
96.38%
Others
3.62%
Top Holdings
| Holding Names | Assets (%) |
|---|---|
| HDFC Bank Ltd. | 21.10% |
| ICICI Bank Ltd. | 21.00% |
| Axis Bank Ltd. | 19.69% |
| Kotak Mahindra Bank Ltd. | 19.38% |
| The Federal Bank Ltd. | 4.95% |
*Most active equity funds don't beat their own benchmark over the long run. Source: 1 Finance Research
Peer comparison
| Fund List | 1 F score | Fund Size | Expense Ratio |
|---|
Pros and Cons
Pros
Cons
High tracking difference, indicating longterm returns deviate significantly from the benchmark.
High tracking error, meaning the fund frequently deviates from the benchmark.
High expense ratio of 0.35% compared with the category average of 0.28%.
Should you invest?
Invest if you are :
- High conviction in Banking sector performance in the near or long term.
Avoid if you are :
- Unwilling to take the risk of investing in a particular sector or theme.
*Most financial mistakes aren't about money — they're about personality. Find yours with MoneySign®
Taxation
If sold before 1 year
- short term capital gains taxed at 20%.
If sold after 1 year
- long term capital gains above ₹1.25 lakh taxed at 12.5%.
Scheme Details
Scheme Objective
- The objective of the Scheme is to invest in companies whose securities are included in Nifty Private Bank Index, 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 Private Bank Index in the same weightage that they represent in Nifty Private Bank Index.
Exit Load
Minimum investment amount
Lumpsum
₹ 100 (open for subscription)
Other details
Founded In2026
Email Addressenquiry@icicipruamc.com
| Fund Manager Name | Total Exp. (Years) | No. of Funds Managed |
|---|---|---|
| Ashwini Shinde | 1.2 | 18 |
| Nishit Patel | 5.2 | 18 |
| Venus Ahuja | 0.3 | 18 |
About ICICI Pru MF
- ICICI Pru MF is one of India's mutual fund houses, offering a range of investment products including equity, debt, and hybrid schemes to help investors meet their financial goals.
Don't chase past returns.
Build a portfolio for the future
Our Advisory Includes
- Portfolio diversification
- Mutual fund tax harvesting
- Fund overlap check & more
We look where past returns don't
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Frequently Asked Questions
How do I choose the right index fund for my portfolio?
The right index fund depends on your goals, risk tolerance, and investment horizon. Look at the type of index it tracks, fund consistency over time, and costs like the expense ratio. Focus on how it fits within your overall portfolio rather than chasing short-term returns. A steady alignment with your long-term plan matters most.
A quick conversation with a Qualified Financial Advisor will save you a lot of guesswork. He will assess your risk profile, personal goals, making your portfolio more purposeful and balanced.
A quick conversation with a Qualified Financial Advisor will save you a lot of guesswork. He will assess your risk profile, personal goals, making your portfolio more purposeful and balanced.
Are index funds good for long-term investing?
Yes. Index funds are typically well-suited for life goals like retirement, children’s education, due to their low cost and broad diversification. If your financial goals span 5-10 years or more and you prefer minimal monitoring, index funds can be an excellent match.
How many index funds should I hold in my portfolio?
Most investors only need 1-3 index funds for balanced exposure. For example: one large-cap index, optionally one broader index (Nifty 500), and one mid-cap or factor-based index if desired. Your ideal number depends on your simplicity preference and risk appetite. Too many overlapping funds create confusion without adding benefit.
If your mind gets cluttered due to too many index fund options, a Qualified Financial Advisor (QFA) can help you choose index funds that fit seamlessly into your portfolio and match your long-term financial planning.
If your mind gets cluttered due to too many index fund options, a Qualified Financial Advisor (QFA) can help you choose index funds that fit seamlessly into your portfolio and match your long-term financial planning.
How much should I invest into index funds?
You can start with as little as ₹100 or ₹500, depending on the mutual fund house. What matters more is whether the investment contributes meaningfully to your long-term plan.
How are index funds taxed?
The tax you pay on index funds depends on how long you stay invested; long-term capital gains (LTCG) if you hold for more than a year, and short-term capital gains (STCG) if held for less than one year. The LTCG for equity-oriented index funds is 12.5% for the gains above Rs. 1.25 lakh, and 20% for STCG. Debt-based index funds are taxed as per your income tax slab rate, regardless of holding period.
Tax planning for index funds can get messy because the taxation rules differ between equity and debt categories. A qualified financial advisor (QFA) can help you create a tax-efficient index fund strategy, to minimize tax drag while still sticking to your long-term plan.
Tax planning for index funds can get messy because the taxation rules differ between equity and debt categories. A qualified financial advisor (QFA) can help you create a tax-efficient index fund strategy, to minimize tax drag while still sticking to your long-term plan.
Disclaimer
The Information in the scoring and ranking model is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
Don't chase past returns.
Build a portfolio for the future
Our Advisory Includes
- Portfolio diversification
- Mutual fund tax harvesting
- Fund overlap check & more