About Nifty Bank Index

  • The NIFTY Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).

  • NIFTY Bank Index is computed using free float market capitalization method.

Why Nifty Bank Index?

Midcaps currently trading at favorable valuations
  • Play on the biggest industry in India and its growth prospects

  • As seen above – Nifty Bank Index has delivered outperformance across all broad market indices.

  • Out of top 10 mutual funds in India in terms of performance, 6 are BFSI funds (as of December 2018).

Returns are as on October 31, 2019. Returns are in CAGR terms. Data source: MFI Explorer. Figures in the chart are rebased to 100. Past performance may or may not be sustained in the future. The Total Return Variant of the Index has been used. The performance figures pertain to the Index and do not in any manner indicate the returns/ performance of the Scheme.

Nifty Bank Index vs Other Sectoral Indices

Midcaps currently trading at favorable valuations
  • Nifty Bank Index is also the top performing sectoral fund in India

  • Nifty Bank Index fund also outperforms across category average (Banking and Financial Services) – see below

Nifty Bank Index has generated a CAGR of 12.8% over the period of last 5 years which has outperformed all major sectoral indices

Returns are as on October 31, 2019. Returns are in CAGR terms. Data Source: MFI Explorer. Past performance may or may not be sustained in the future. The performance figures pertain to the Index and do not in any manner indicate the returns/performance of the Scheme.

    • Note: Total Return variant of the index (TRI) will be used for performance comparison.

      • Rs. 500/- and multiple of Re. 1/- thereafter (Minimum Installment – 12)
      • Rs. 500/- and multiple of Re. 1/- thereafter (Minimum Installment – 12)
      • Rs. 500/- and multiple of Re. 1/- thereafter (Minimum Installment – 12)
      • Rs. 1500/- and multiple of Re. 1/- thereafter (Minimum Installment – 4)
      • Rs. 6,000/- and multiple of Re. 1/- thereafter (Minimum Installment – 1)

Riskometer

Investors understand that their principal will be at
high risk

Industry Classification as recommended by AMFI