Nippon India Banking & Financial Services Fund Direct Plan - Bonus
Equity
Direct
Sector - Financial Services
NAV: ₹ 459 as on 02-06-2023
Fund Performance
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, Akshay Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Banking & Financial Services Fund Direct Plan - Bonus has a NAV of ₹459 as on 02-06-2023.
- Nippon India Banking & Financial Services Fund Direct Plan - Bonus has ₹3982 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
- The fund has an expense ratio 1.2.
Nippon India Banking & Financial Services Fund Direct Plan - Bonus Overview
 | 1.2% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹3982 Cr |
 | 1 January, 2013 |
 | ₹5000/₹0 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 58.59% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
66%
Mid cap
16.3%
Small cap
14.6%
Sector Allocation
Financial Services
98.9%
Tech
1.1%
Top Holdings of Nippon India Banking & Financial Services Fund Direct Plan - Bonus as on (31-May-23)
Equity Holdings25
Nippon India Banking & Financial Services Fund Direct Plan - Bonus: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.73% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund underperformed Nifty 500 by 0.00% in Apr'23
AUM Change
- AUM of the fund stands at 4K Cr as of Apr'23
- AUM increased by 198.7 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Nippon India Banking & Financial Services Fund Direct Plan - Bonus portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 9.8% |
 HDFC Bank Ltd | 4.8% |
 ICICI Bank Ltd | 3.8% |
Top Losers | 1M Return |
|---|---|
 Sundaram Finance Ltd | -1.3% |
 Axis Bank Ltd | -0.5% |
 Max Financial Services Ltd | 0.9% |
Peer Analysis
Nippon India Banking & Financial Services Fund Direct Plan - Bonus Fund Manager
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 25 May 2018
Top funds managed
Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 9 April 2018
Top funds managed
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 18 June 2021
Top funds managed
Akshay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Bonus, since 1 December 2022
Top funds managed
Fund 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 13.56% since inception which is less than its category average return of 26.6%
Fund Allocations
This fund has an allocation of 97.48% in Equity, 0% in Debt and 2.52% in Cash related instruments
AUM size ₹3982 Cr
This fund has AUM of ₹3982 Cr which is more than its category average of ₹ 1398 Cr
Expense Ratio 1.2%
This fund has an expense ratio of 1.2% which is less than its category average expense ratio of 1.51%
Frequently Asked Questions
The current NAV of Nippon India Banking & Financial Services Fund Direct Plan - Bonus is ₹459.04 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
Nippon India Banking & Financial Services Fund Direct Plan - Bonus | Absolute Returns | CAGR Returns |
1 Month Returns | 5.31% | 5.31% |
6 Month Returns | 4.5% | 4.5% |
1 Year Returns | 25.74% | 25.74% |
3 Years Returns | 151.97% | 36.08% |
5 Years Returns | 64.7% | 10.49% |
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.
1.2% as on May 2023
₹3982 Cr as on May 2023
HDFC Bank Ltd(13.21%), ICICI Bank Ltd(11.1%), Axis Bank Ltd(9.59%), State Bank of India(9.17%), Housing Development Finance Corp Ltd(6.06%) as on May 2023
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 | 6.65 | 9.37 | -1.65 |
As on May 2023
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 | 0.93 | 0.98 | 1.11 |
As on May 2023
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 | 1.03 | 1.34 | 0.32 |
As on May 2023
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 | 18.44 | 23.43 | 30.08 |
As on May 2023
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 3.3 as on May 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.21 as on May 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Kinjal Desai, Vinay Sharma, Bhavik Dave, Akshay Sharma 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%