Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth

Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth

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Equity
Direct
Sector - Financial Services

NAV: ₹ 498.9 as on 22-09-2023

Fund Performance
zero opening, trading, fund transfer fee
1220 people have invested ₹ 91.1L in Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth in the last three months

Fund Insights

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In the last 1 year, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 23.74% return, outperforming this fund by 4.85%.
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In the last 3 years, this fund has outperformed all funds in its category.
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Over the last 1 year, this fund has decreased expense ratio by 15.3% moving from 1.37 to 1.16.
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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 17.31% return, outperforming this fund by 4.11% per annum.

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 Fund

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

Key Parameters

  1. Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth has ₹4487 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
  2. The fund has an expense ratio 1.2.

Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth Overview

Expense ratio
Expense ratio
1.16%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹4487 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
39.09%

Fund Distribution as on (31-Aug-23)

  • Equity 96.4%

  • Debt & Cash 3.6%

Size breakup

Large cap
65.1%
Mid cap
15.8%
Small cap
15.5%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

98.6%

Tech

1.4%

Top Holdings of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth as on (31-Aug-23)

  • Equity

Equity Holdings23

Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-1.34%
2.96%
4.72%
Nifty 500
-0.74%
3.21%
4.25%
  • This fund’s returns stands at -1.34% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
  • This fund underperformed Nifty 500 by 0.59% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 4.5K Cr
₹ 4.5K Cr
₹ 4.4K Cr
  • AUM of the fund stands at 4.5K Cr as of Aug'23
  • AUM decreased by 39.7 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Gainers & Losers in Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth portfolio Returns for the month of Aug

Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth Fund Manager

Vinay Sharma

Vinay Sharma

Fund Manager of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth, since 9 April 2018
Kinjal Desai

Kinjal Desai

Fund Manager of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth, since 25 May 2018
Bhavik Dave

Bhavik Dave

Fund Manager of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth, since 18 June 2021

Top funds managed

Fund 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 14.03% since inception which is less than its category average return of 26.93%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.4% in Equity, 0% in Debt and 3.6% in Cash related instruments
AUM size ₹4487 Cr

AUM size ₹4487 Cr

This fund has AUM of ₹4487 Cr which is more than its category average of ₹ 1453 Cr
Expense Ratio 1.16%

Expense Ratio 1.16%

This fund has an expense ratio of 1.16% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth is ₹498.93 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.28%
3.28%
6 Month Returns
22.28%
22.28%
1 Year Returns
18.89%
18.89%
3 Years Returns
148.83%
35.51%
5 Years Returns
85.87%
13.2%
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1.16% as on August 2023
₹4487 Cr as on August 2023
HDFC Bank Ltd(16.63%), ICICI Bank Ltd(12.85%), Axis Bank Ltd(9.63%), State Bank of India(7.9%), IndusInd Bank Ltd(4.85%) as on August 2023
The alpha ratio for the Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth
10.52
8.9
-0.73
As on August 2023
The alpha for Nippon India Banking And Financial Services Fund Direct Plan Growth 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 And Financial Services Fund Direct Plan Growth Plan Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth
0.84
0.94
1.1
As on August 2023
The Beta for Nippon India Banking And Financial Services Fund Direct Plan Growth 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 And Financial Services Fund Direct Plan Growth 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 And Financial Services Fund Direct Plan Growth Plan Growth
1.04
1.11
0.32
As on August 2023
The sharpe ratio for Nippon India Banking And Financial Services Fund Direct Plan Growth 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 And Financial Services Fund Direct Plan Growth 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 And Financial Services Fund Direct Plan Growth Plan Growth
12.18
21.99
29.94
As on August 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 2.54 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.07 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Vinay Sharma, Kinjal Desai, Bhavik Dave are the fund managers of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth
The Exit load of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth is 1%