Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 498.9 as on 22-09-2023
Fund Performance
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
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%.
In the last 3 years, this fund has outperformed all funds in its category.
Over the last 1 year, this fund has decreased expense ratio by 15.3% moving from 1.37 to 1.16.
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
- 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.
- The fund has an expense ratio 1.2.
Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth Overview
 | 1.16% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹4487 Cr |
 | 1 January, 2013 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 39.09% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
65.1%
Mid cap
15.8%
Small cap
15.5%
Sector Allocation
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 Holdings23
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 16.63% | 57.5% | |
 ICICI Bank Ltd | 12.85% | 0% | |
 Axis Bank Ltd | 9.63% | 0% | |
 State Bank of India | 7.9% | 5% | |
 IndusInd Bank Ltd | 4.85% | 0% |
See all
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
- 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
- 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
Top Growth Drivers | 1M Return |
|---|---|
 Angel One Ltd | 23.3% |
KFin Technologies Ltd | 17.9% |
 Max Financial Services Ltd | 15.2% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth Fund Manager
Vinay Sharma
Fund Manager of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth, since 9 April 2018
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Banking And Financial Services Fund Direct Plan Growth Plan Growth, since 25 May 2018
Top funds managed
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
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 14.03% since inception which is less than its category average return of 26.93%
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
This fund has AUM of ₹4487 Cr which is more than its category average of ₹ 1453 Cr
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%