Nifty Private Bank index funds compared
8 plans that track the Nifty Private Bank index, compared on cost and how closely they follow it. Data as of 5 Nov 2026.
Direct plans (4)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| DSP Nifty Private Bank Index FundDSP Mutual Fund | A+ | 0.47% | -0.45% | 0.08% | 2.4% | ₹103 cr |
| UTI Nifty Private Bank Index FundUTI Mutual Fund | B | 0.55% | -0.62% | 0.04% | 2.2% | ₹224 cr |
| ICICI Prudential Nifty Private Bank Index FundICICI Prudential Mutual Fund | B | 0.63% | -0.51% | 0.21% | 2.3% | ₹49 cr |
| Groww Nifty Private Bank Index FundGroww Mutual Fund | – | 0.98% | –% | –% | – | ₹6 cr |
Regular plans (4)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| UTI Nifty Private Bank Index FundUTI Mutual Fund | A+ | 1.03% | -1.07% | 0.05% | 1.8% | ₹224 cr |
| DSP Nifty Private Bank Index FundDSP Mutual Fund | B | 1.17% | -1.17% | 0.08% | 1.7% | ₹103 cr |
| ICICI Prudential Nifty Private Bank Index FundICICI Prudential Mutual Fund | B | 1.18% | -1.07% | 0.21% | 1.8% | ₹49 cr |
| Groww Nifty Private Bank Index FundGroww Mutual Fund | – | 1.65% | –% | –% | – | ₹6 cr |
Common questions
How many Nifty Private Bank index funds are there?
4 schemes track the Nifty Private Bank index, with 8 plans (Regular and Direct), as of 5 Nov 2026.
Which Nifty Private Bank index fund has the lowest tracking error?
Among Direct plans, UTI Nifty Private Bank Index Fund had the lowest 1-year tracking error, 0.04%, as of 5 Nov 2026. Tracking error measures how closely the fund follows the index day to day.
Which Nifty Private Bank index fund has the lowest expense ratio?
Among Direct plans, DSP Nifty Private Bank Index Fund at 0.47% a year, as of 5 Nov 2026.
How do you choose between index funds on the same index?
They hold the same stocks, so look at cost (expense ratio), how closely they track (tracking difference and tracking error) and size (AUM, for smooth trading). Our rating weighs those in that order.
Ratings describe past tracking and cost, not a recommendation. Read the scheme documents before investing.