Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Nifty Private Bank Index Fund

Holds 10 companies worth ₹57.4 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹57.5 CrICICI Prudential Nifty Private Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 6.4% on Aug 2026, ₹54 Cr.

  • Largest holding

    ICICI BankICICI Bank is 21.5% of this scheme's NAV.

  • Fund manager

    Nishit PatelRuns its co-manager part since 17 Jul 2025, as the fund house dates it. With Ashwini Shinde (co-manager), Venus Ahuja (co-manager).

Overview(7 Nov 2025)

Fund managers3

  1. Nishit PatelCo-manager · Jul 2025 · 7y · B.Com
  2. Ashwini ShindeCo-manager · Jul 2025
  3. Venus AhujaCo-manager · Nov 2025 · 3y · B.Com

    Key facts

    Benchmark
    Nifty Private Bank TRI
    Expense
    Regular 0.9% · Direct 0.35%
    Exit load
    Nil
    Started
    17 Jul 2025
    Minimum
    ₹1,000

    Source.Its Scheme Summary Document as of 7 Nov 2025 at AMFI.

    What changed(2 changes)

    Nov 2025

    2 changes
    1. Expense ratio
      7 NovUpto 1% of the daily net assets → Regular 0.9% · Direct 0.35%
    2. Venus Ahuja joined
      5 Novas co-manager

    Source.Its filings at NSE, since Jul 2025.

    Fund managers over time(Jul 2025 – now)

    1. Nishit Patel
    2. Ashwini Shinde
    3. Venus Ahuja
    MainCoSlice
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Nov 2025 – Nov 2025)

    Every change to the expense ratio, newest first.
    1 filingRegularDirectΔ pt
    7 Nov 20250.90%0.35%–
    Direct plan, 7 Nov 2025
    0.35%
    Regular plan 0.90% · Exit load nil
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(7 Nov 2025)

    Objective

    Investment 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. However, there is no assurance or guarantee that the investment objective of the scheme shall be achieved.

    Risk, type and benchmark

    At launch
    Very High
    Type
    Open Ended
    Benchmark
    Nifty Private Bank TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related securities of companies constituting the underlying index (Nifty Private Bank Index)
      Allowed95–100%Holds99.8%
    2. Money Market instruments including TREPs* and Units of debt schemes
      Allowed0–5%

    Holds in Sept 2026.99.8% equity · 0.2% debt and cash

    How to invest(7 Nov 2025)

    Buying

    To start
    ₹1,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    SIP how often
    Daily, Weekly, Fortnightly, Monthly, Quarterly
    SIP minimum
    ₹1,000, then in multiples of ₹1
    SIP instalments
    Daily, Weekly, Fortnightly, Monthly- 6 Quarterly - 4

    Selling and switching

    To redeem
    Any amount
    Switch minimum
    ₹1,000
    STP how often
    Daily,Weekly,Monthly,Quarterly
    STP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any date* Quarterly = Any date* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
    STP minimum
    Monthly, Weekly, Quarterly = Rs. 1,000 Daily = Rs. 250, then in multiples of ₹1
    STP instalments
    Monthly,Quarterly, Half Yearly,Annual = 2

    Scheme details(7 Nov 2025)

    What it is

    Category
    Other Schemes - Index Funds
    Offer
    1 Jul 2025 to 14 Jul 2025
    Started
    17 Jul 2025
    Reopened
    22 Jul 2025
    Plans
    ICICI Prudential Nifty Private Bank Index Fund- Growth · ICICI Prudential Nifty Private Bank Index Fund- Direct Plan - Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Enabling provisions are included in the SID of the Scheme
    Custodian
    HDFC Bank Limited, SBI-SG Global Securities Services Pvt. Ltd., Citibank N. A. and Hongkong and Shanghai Banking Corporation Limited (HSBC)
    Auditor
    BSR & Co. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    ICIC/O/O/EIN/25/03/0197