Nippon India Banking & Financial Services Fund Direct Plan - Growth
Equity
Direct
Very High Risk
Sector - Financial Services
NAV: ₹ 361.8 as on 29-11-2021
About the Fund
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 Vinay Sharma, Kinjal Desai, Bhavik Dave. The fund could potentially beat inflation in the long-run.
Key parameters
1) Nippon India Banking & Financial Services Fund Direct Plan - Growth has a NAV of 361.7931 as on 29-Nov-2021.
2) Nippon India Banking & Financial Services Fund Direct Plan - Growth has 3282 Cr worth of assets under management (AUM) as on 29-Nov-2021 and is more than category average.
3) The fund has an expense ratio 1.37 %.
Fund Overview
Expense ratio | 1.37% | |
Benchmark | S&P BSE BANKEX INR | |
AUM | ₹3282 Cr | |
Inception Date | 1 January, 2013 | |
Min Lumpsum/SIP | ₹5000/₹500 | |
Exit Load | 1% | |
Lock In | No Lock-in | |
TurnOver | 53.59% |
Fund Distribution
Size breakup
Large cap
70.05%
Mid cap
28.04%
Small cap
1.91%
Sector Allocation
| Financial Services | 100% |
Top Holdings
Total Holdings20
Equity Holdings20
Debt Holdings3
Fund Highlights
About the fund
This fund has delivered an average annual returns of 13% since inception which is more than its category average return of 11.96%
Fund Allocations
This fund has an allocation of 97.9% in Equity, 0% in Debt and 2.1% in Cash related instruments
AUM size ₹3282 Cr
This fund has AUM of ₹3282 Cr which is more than its category average of ₹ 1312 Cr
Expense Ratio 1.37%
This fund has an expense ratio of 1.37% which is less than its category average expense ratio of 1.67%
Fund Managers
Vinay Sharma is B.Arch from MNIT Jaipur; PG (computer aided management) from IIM Calcutta; CFA
14 Years experience
Kinjal Desai is Masters in Economics from Warwick University, UK; CFA Level 1
10 Years experience
Bhavik Dave is BBA; PGDM
10 Years experience
Prior joining to Nippon India Mutual Fund he has worked with Motilal Oswal Securities Limited - Research Associate (Institutional Equities), Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector, Grantham Mayo, Van Otterloo & Co. - Research Associate Internship.
AMC details
Fund House
Nippon Life India Asset Management Ltd
Email
customer_care@reliancemutual.com
Phone
+912230994600/30301111
Address
Reliance Capital Asset Management Ltd.,One India Bulls Centre - Tower One,,11th & 12th floor, Jupiter Mills Compound,,Elphinstone Road,
Similar Funds
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16.57% (3 Yrs)
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ICICI Prudential Banking and Financial Services Fund Direct Plan Growth
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HDFC Banking & Financial Services Fund Direct Growth
Aditya Birla Sun Life Banking & Financial Services Direct Growth
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Frequently Asked Questions
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