Nippon India Banking & Financial Services Fund Direct Plan - Bonus

Equity
Direct
Sector - Financial Services
Nippon India Banking & Financial Services Fund Direct Plan - Bonus

About the Fund

Nippon India Banking & Financial Services Fund Direct Plan - Bonus is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Kinjal Desai, Vinay Sharma, Bhavik Dave. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Banking & Financial Services Fund Direct Plan - Bonus has ₹5463 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

Nippon India Banking & Financial Services Fund Direct Plan - Bonus has given a CAGR return of 14.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.12%, 20.05% and 14.59% respectively.

Holdings

Nippon India Banking & Financial Services Fund Direct Plan - Bonus has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Nippon India Banking & Financial Services Fund Direct Plan - Bonus

The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking & Financial services sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Nippon India Banking & Financial Services Fund Direct Plan - Bonus has no lock in period.

Fund Performance

Fund Overview

Expense ratio1.09%
Benchmark
S&P BSE BANKEX INR
AUM₹5463 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/--
Exit Load
1%
Lock InNo Lock-in
TurnOver
39.09%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 98.5%

  • Debt & Cash 1.5%

Large cap
77.3%

Mid cap
10.7%

Small cap
10.5%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
98.4%
Tech
1.6%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 25 May 2018
Vinay Sharma
Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 9 April 2018
Bhavik Dave
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 18 June 2021
Top funds managed

Nippon India Banking & Financial Services Fund Direct Plan - Bonus Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.93% since inception which is less than its category average return of 17.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.53% in Equity, 0% in Debt and 1.47% in Cash related instruments
AUM size ₹5463 Cr

AUM size ₹5463 Cr

This fund has AUM of ₹5463 Cr which is more than its category average of ₹ 1523 Cr
Expense Ratio 1.09%

Expense Ratio 1.09%

This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of Nippon India Banking & Financial Services Fund Direct Plan - Bonus is ₹601.81 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
Nippon India Banking & Financial Services Fund Direct Plan - Bonus
Absolute Returns
CAGR Returns
1 Month Returns
6.37%
6.37%
6 Month Returns
10.32%
10.32%
1 Year Returns
28.12%
28.12%
3 Years Returns
73%
20.05%
5 Years Returns
97.59%
14.59%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.09% as on May 2024
₹5463 Cr as on May 2024
HDFC Bank Ltd(18.69%), ICICI Bank Ltd(16.24%), Axis Bank Ltd(9.45%), State Bank of India(5.86%), Kotak Mahindra Bank Ltd(5.08%) as on May 2024
The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Plan - Bonus 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 - Bonus
10.46
7.51
2.17
As on May 2024
The alpha for Nippon India Banking & Financial Services Fund Direct Plan - Bonus 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 - Bonus 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 - Bonus
0.74
0.86
1.08
As on May 2024
The Beta for Nippon India Banking & Financial Services Fund Direct Plan - Bonus 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 - Bonus 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 - Bonus
1.47
0.82
0.4
As on May 2024
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct Plan - Bonus 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 - Bonus 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 - Bonus
10.07
14.8
28.35
As on May 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.
Sortino ratio is 1.45 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.04 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kinjal Desai, Vinay Sharma, Bhavik Dave are the fund managers of Nippon India Banking & Financial Services Fund Direct Plan - Bonus
The Exit load of Nippon India Banking & Financial Services Fund Direct Plan - Bonus is 1%