Nippon India Banking & Financial Services Fund Direct Plan - Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 416.5 as on 27-01-2023
Fund Performance
687 people have invested ₹ 86.5L in mutual fund in the last three months
Fund Insights
In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has given 12.49% return, outperforming this fund by 0.58%
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 12.16% return, outperforming this fund by 0.49%
In the last 5 years, Tata Banking & Financial Services Fund Direct Growth has given 11.71% return, outperforming this fund by 3.38%
INDmoney Rank
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IND ranking is not available for this fund.
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.
Fund Performance as on (19-Jan-23)
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 Kinjal Desai, Vinay Sharma, Bhavik Dave, Akshay Sharma. 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 ₹416.535 as on 27-01-2023.
2) Nippon India Banking & Financial Services Fund Direct Plan - Growth has ₹4020 Cr worth of assets under management (AUM) as on 30-11-2022 and is more than category average.
3) The fund has an expense ratio 1.13 %.
Fund Overview
Expense ratio | 1.13% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹4020 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 58.59% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
59.1%
Small cap
19.2%
Mid cap
18.8%
Sector Allocation
Financial Services
98.8%
Tech
1.2%
Top Holdings as on (31-Dec-22)
Equity Holdings29
Debt Holdings3
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 10.82% | 0% | |
ICICI Bank Ltd | 9.71% | 0% | |
Axis Bank Ltd | 8.96% | 0% | |
State Bank of India | 8.49% | 0% | |
IndusInd Bank Ltd | 4.64% | 15.1% |
See all
What changed
in last one month
AUM increased by 28.1 Cr in last 1M
Dec'22 return underperformed benchmark
Change in AUM
Dec'22
₹ 4K Cr
Nov'22
₹ 4K Cr
Oct'22
₹ 3.8K Cr
Fund Returns vs Benchmark
Dec'22
5.09%
5.37%
Nov'22
4.06%
2.63%
Oct'22
5.09%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
RBL Bank Ltd | 17% |
Karur Vysya Bank Ltd | 13.3% |
UTI Asset Management Company Ltd | 12.5% |
Top Losers | 1M Return |
|---|---|
Angel One Ltd | -18.5% |
ICICI Bank Ltd | -5.2% |
SBI Cards & Payment Services Ltd | -4.7% |
Peer Analysis
Fund Manager
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 25 May 2018
Top funds managed
Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 9 April 2018
Top funds managed
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 18 June 2021
Top funds managed
Akshay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan - Growth, since 1 December 2022
Top funds managed
AMC details
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹2.28L Cr
as on 31-Dec-2022
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Email
customercare@nipponindiaim.in
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 12.96% since inception which is less than its category average return of 26.26%
Fund Allocations
This fund has an allocation of 97.67% in Equity, 0% in Debt and 2.33% in Cash related instruments
AUM size ₹4020 Cr
This fund has AUM of ₹4020 Cr which is more than its category average of ₹ 1474 Cr
Expense Ratio 1.13%
This fund has an expense ratio of 1.13% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of Nippon India Banking & Financial Services Fund Direct Plan - Growth is 416.54 as on 27-Jan-2023.
Existing (Absolute + CAGR)
Nippon India Banking & Financial Services Fund Direct Plan - Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.56% | 1.56% |
6 Month Returns | 12.4% | 12.4% |
1 Year Returns | 11.9% | 11.9% |
3 Years Returns | 39.26% | 11.67% |
5 Years Returns | 49.24% | 8.34% |
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1.13 as on December 2022
4020 Cr as on December 2022
HDFC Bank Ltd(10.82%),ICICI Bank Ltd(9.71%),Axis Bank Ltd(8.96%),State Bank of India(8.49%),IndusInd Bank Ltd(4.64%) as on December 2022
Financial Services(96.49%),Cash Equivalent(2.33%),Tech(1.18%) as on December 2022
The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Plan - Growth 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 - Growth | 10.29 | 3.58 | -2.82 |
As on December 2022
The alpha for Nippon India Banking & Financial Services Fund Direct 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 & Financial Services Fund Direct Plan - Growth 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 - Growth | 0.96 | 1.08 | 1.09 |
As on December 2022
The Beta for Nippon India Banking & Financial Services Fund Direct 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 & Financial Services Fund Direct 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 & Financial Services Fund Direct Plan - Growth | 0.85 | 0.42 | 0.31 |
As on December 2022
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct 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 & Financial Services Fund Direct 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 & Financial Services Fund Direct Plan - Growth | 19.81 | 34.87 | 30.08 |
As on December 2022
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 0.57 as on December 2022. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.28 as on December 2022. It tells the consistency of the fund in generating superior risk-adjusted performance
Vinay Sharma,Kinjal Desai,Bhavik Dave,Akshay Sharma are the fund managers of Nippon India Banking & Financial Services Fund Direct Plan - Growth
The Exit load of Nippon India Banking & Financial Services Fund Direct Plan - Growth is 1%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.