Nippon India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 17.9 as on 21-03-2023
Fund Performance
247 people have invested ₹ 8L in mutual fund in the last three months
Fund Insights
In the last 1 year, UTI Banking & PSU Debt Fund Direct Plan Growth has given 11.02% return, outperforming Nippon India Banking & PSU Debt Fund Direct Growth by 6.87%
In the last 3 years, UTI Banking & PSU Debt Fund Direct Plan Growth has given 7.94% return, outperforming Nippon India Banking & PSU Debt Fund Direct Growth by 0.99% per annum
In the last 5 years, Edelweiss Banking and PSU Debt Fund Direct Plan Growth has given 7.92% return, outperforming Nippon India Banking & PSU Debt Fund Direct Growth by 0.51% per annum
Over the last 3 months, Nippon India Banking & PSU Debt Fund Direct Growth has decreased expense ratio by 13.2% moving from 0.38 to 0.33
Nippon India Banking & PSU Debt Fund Direct Growth has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.55%
Nippon India Banking & PSU Debt Fund Direct Growth Performance as on (21-Mar-23)
About the Fund
Nippon India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 15 May, 2015. The fund is managed by Vivek Sharma, Kinjal Desai, Pranay Sinha, Akshay Sharma. This fund is suitable to keep your money safe.
Key parameters
1) Nippon India Banking & PSU Debt Fund Direct Growth has a NAV of ₹17.939 as on 21-03-2023.
2) Nippon India Banking & PSU Debt Fund Direct Growth has ₹4032 Cr worth of assets under management (AUM) as on 31-01-2023 and is more than category average.
3) The fund has an expense ratio 0.33 %.
Nippon India Banking & PSU Debt Fund Direct Growth Overview
 | 0.33% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹4032 Cr |
 | 15 May, 2015 |
 | ₹5000/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 166.82% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
51.8%
Government
39.9%
Cash Equivalent
8.3%
Top Holdings of Nippon India Banking & PSU Debt Fund Direct Growth as on (28-Feb-23)
Debt Holdings85
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Oil And Natural Gas Corporation Limited | 5.45% | 0% | |
7.38 6/20/2027 12:00:00 Am | 4.26% | -12.3% | |
ICICI Bank Limited | 4.12% | 0% | |
Mahanagar Telephone Nigam Limited | 3.78% | 0% | |
Axis Bank Limited | 3.28% | 0% |
See all
Nippon India Banking & PSU Debt Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.26% whereas the fund’s underlying benchmark Banking and PSU Index returns stands at 0.21% as on Feb'23
- This fund outperformed Banking and PSU Index by 0.04% in Feb'23
AUM Change
- AUM of the fund stands at 4K Cr as of Feb'23
- AUM increased by 9.7 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Axis Bank Limited's allocation increased from 1.19% to 3.3%
Rural Electrification Corporation Limited's allocation increased from 0.02% to 1.89%
National Housing Bank's allocation increased from 1.9% to 3.05%
Top Stocks sold last month
Oil And Natural Gas Corporation Limited's allocation decreased from 5.54 % to 5.45 %
Mahanagar Telephone Nigam Limited's allocation decreased from 3.84 % to 3.79 %
ICICI Bank Limited's allocation decreased from 4.15 % to 2.44 %
Cash allocation has gone up from 16.7% to 22.3%
Debt allocation has gone down from 83.3% to 77.7%
Top 2 Sectors in February were Corporate, Government
Feb'23
Corporate
52%
Government
40%
Jan'23
Corporate
51%
Government
42%
Peer Analysis
Nippon India Banking & PSU Debt Fund Direct Growth Fund Manager
Vivek Sharma
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 June 2020
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 25 May 2018
Top funds managed
Pranay Sinha
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 31 March 2021
Top funds managed
Akshay Sharma
Fund Manager of Nippon India Banking & PSU Debt Fund Direct Growth, since 1 December 2022
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.73% since inception which is more than its category average return of 5.41%
AUM size ₹4032 Cr
This fund has AUM of ₹4032 Cr which is more than its category average of ₹ 3499 Cr
Expense Ratio 0.33%
This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.48%
Frequently Asked Questions
The current NAV of Nippon India Banking & PSU Debt Fund Direct Growth is 17.94 as on 20-Mar-2023.
Existing (Absolute + CAGR)
Nippon India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.54% | 0.54% |
6 Month Returns | 2.83% | 2.83% |
1 Year Returns | 4.07% | 4.07% |
3 Years Returns | 21.15% | 6.61% |
5 Years Returns | 42.88% | 7.4% |
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- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.33 as on February 2023
4009 Cr as on February 2023
Yield to Maturity is 7.8 as on February 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.54 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Vivek Sharma,Kinjal Desai,Pranay Sinha,Akshay Sharma are the fund managers of Nippon India Banking & PSU Debt Fund Direct Growth
The Exit load of Nippon India Banking & PSU Debt Fund Direct Growth is 0%
Mutual Fund execution provided by
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.