Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Nifty Bank Index Fund

Holds 14 companies worth ₹219 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹219 CrNippon India Nifty Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.7% on Aug 2026, ₹232 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Jitendra TolaniRuns it since 1 Feb 2025, as the fund house dates it.

Overview(8 Oct 2026)

Fund managers1

  1. Jitendra TolaniFund manager · Feb 2025 · 20y · MBA
  1. Himanshu MangeFeb 2024 – Feb 2025

Key facts

Benchmark
NIFTY BANK TRI
Risk
Very High
Expense
Regular 0.9% · Direct 0.31%
Exit load
Nil
Started
22 Feb 2024
Minimum
₹1,000

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(14 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctRegular 0.94% → 0.9%Direct 0.34% → 0.31%

Aug 2026

2 changes

Jul 2026

1 change
  1. Expense ratio
    9 JulRegular 3.5% → 0.92%Direct 2.89% → 0.31%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Feb 2024 – now)

  1. Jitendra Tolani
  2. Himanshu Mange
MainCoSlice20252026
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(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
13 changesRegularDirectΔ pt
8 Oct 20260.90%0.31%0.03
23 Aug 20260.94%0.34%0.03
9 Aug 20260.91%0.31%0
9 Jul 20260.92%0.31%2.58
9 Jun 20263.50%2.89%2.65
14 May 20260.85%0.24%0.02
7 May 20260.84%0.22%0.36
9 Apr 20261.19%0.58%0.38
8 Aug 20250.81%0.20%0
10 Apr 20250.82%0.20%0
10 Feb 20250.79%0.20%0
11 Nov 20240.80%0.20%0
20 Aug 20240.83%0.20%–
Direct plan, 8 Oct 2026
0.31%
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(8 Oct 2026)

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. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme replicating/tracking Nifty Bank Index
Benchmark
NIFTY BANK TRI

Asset allocation it may hold% of NAV

  1. Securities constituting Nifty Bank Index
    Allowed95–100%

Holds in Sept 2026.100.0% equity

How to invest(8 Oct 2026)

Buying

To start
₹1,000, then re 1
To add
₹1,000, then re 1
Systematic
SIP: Daily /Weekly /Monthly /Quarterly /Yearly; STP: Daily /Weekly /Fortnightly /Monthly /Quarterly; SWP: Monthly /Quarterly /Half Yearly / Yearly
Dates
SIP : All/1,8,15&22/All/All/All; STP : All/1,8,15&22/1&15/All/All; SWP : 1,8,15&22
Minimum
SIP: 100/100/100/500/5000; STP :100/1000/1000/1000/1000, SWP : 500/500/500/500, then sIP: 1/1/1/1/100; STP : 1/1/1/1/1, SWP : 1/1/1/1
Instalments
SIP :30/90/60/12/02; STP :30/2/2/2/2; SWP : 2/2/2/2
Most
SIP: NA;STP: NA;SWP: NA

Selling and switching

Switch minimum
₹1,000

Scheme details(8 Oct 2026)

What it is

Category
Others - Index Funds
Offer
5 Feb 2024 to 16 Feb 2024
Started
22 Feb 2024
Reopened
27 Feb 2024
Plans
Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Growth Plan Growth Option Growth · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth Option Growth
Face value
Rs.10/- per unit
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank A.G.
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/O /EIN/23/09/0142