Nippon India Banking & Financial Services Fund Direct Plan - Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 575.86 as on 30-04-2024
Fund Performance
1366 people have invested ₹ 1.9Cr in Nippon India Banking & Financial Services Fund Direct Plan - Growth in the last three months
Mutual Fund Insights
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.03% return, outperforming this fund by 4.44% per annum.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 41.35% return, outperforming this fund by 8.44%.
Over the last 1 year, this fund has decreased expense ratio by 25.5% moving from 1.41 to 1.05.
Over the last 6 months, this fund has experienced a 14.6% growth in AUM moving from 4.63K Cr to 5.30K Cr.
In the last 3 years, this fund has outperformed all funds in its category.
INDmoney Rank
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Pros
3Y returns in the top 25% of the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Nippon India Banking & Financial Services Fund Direct Plan - Growth
Nippon India Banking & Financial Services Fund Direct Plan - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Bhavik Dave, Vinay Sharma, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Banking & Financial Services Fund Direct Plan - Growth has ₹5307 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Overview
 | 1.05% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹5307 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 39.09% |
Nippon India Banking & Financial Services Fund Direct Plan - Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
75.1%
Mid cap
11.4%
Small cap
11.3%
Sector Allocation
Financial Services
98.3%
Tech
1.7%
Top Holdings of Nippon India Banking & Financial Services Fund Direct Plan - Growth as on (30-Apr-24)
Equity Holdings26
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.08% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.54% in Mar'24
AUM Change
- AUM of the fund stands at 5.3K Cr as of Mar'24
- AUM increased by 82.1 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 4% |
Peer Analysis
Fund Manager
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 18 June 2021
Top funds managed
Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 9 April 2018
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 25 May 2018
Top funds managed
Nippon India Banking & Financial Services Fund Direct Plan - Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.68% since inception which is less than its category average return of 16.67%
Fund Allocations
This fund has an allocation of 97.75% in Equity, 0% in Debt and 2.25% in Cash related instruments
AUM size ₹5307 Cr
This fund has AUM of ₹5307 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 1.05%
This fund has an expense ratio of 1.05% which is less than its category average expense ratio of 1.41%
Frequently Asked Questions
The current NAV of Nippon India Banking & Financial Services Fund Direct Plan - Growth is ₹575.86 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
Nippon India Banking & Financial Services Fund Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.11% | 4.11% |
6 Month Returns | 16.91% | 16.91% |
1 Year Returns | 32.91% | 32.91% |
3 Years Returns | 87.59% | 23.33% |
5 Years Returns | 97.58% | 14.59% |
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1.05% as on April 2024
₹5307 Cr as on April 2024
HDFC Bank Ltd(17.77%), ICICI Bank Ltd(15.89%), Axis Bank Ltd(8.76%), State Bank of India(6.88%), Kotak Mahindra Bank Ltd(4.88%) as on April 2024
The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Plan - Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Banking & Financial Services Fund Direct Plan - Growth | - | - | - |
As on April 2024
The alpha for Nippon India Banking & Financial Services Fund Direct Plan - Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Banking & Financial Services Fund Direct Plan - Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Banking & Financial Services Fund Direct Plan - Growth | - | - | - |
As on April 2024
The Beta for Nippon India Banking & Financial Services Fund Direct Plan - Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Banking & Financial Services Fund Direct Plan - Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Banking & Financial Services Fund Direct Plan - Growth | - | - | - |
As on April 2024
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct Plan - Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Banking & Financial Services Fund Direct Plan - Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Banking & Financial Services Fund Direct Plan - Growth | 9.99 | 15.97 | 28.42 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Information ratio is 1.36 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Bhavik Dave, Vinay Sharma, Kinjal Desai are the fund managers of Nippon India Banking & Financial Services Fund Direct Plan - Growth
The Exit load of Nippon India Banking & Financial Services Fund Direct Plan - Growth is 1%