Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl

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Equity
Direct
Sector - Financial Services
NAV: ₹ 96.32 as on 24-05-2024

About the Fund

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Bhavik Dave, Vinay Sharma, Kinjal Desai. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl has ₹5542 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.
Fund Performance
zero opening, trading, fund transfer fee
81 people have invested ₹ 43.9K in Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl in the last three months

Overview

Expense ratio
Expense ratio
1.09%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹5542 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%

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl Distribution as on (30-Apr-24)

  • Equity 99.2%

  • Debt & Cash 0.8%

Size breakup

Large cap
75%
Small cap
12.6%
Mid cap
11.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
98.2%
Tech
1.8%

Top Holdings of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl as on (30-Apr-24)

  • Equity

Equity Holdings26

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Fund Returns
4.11%
1.07%
Nifty 500
2.46%
-0.47%
  • This fund’s returns stands at 4.11% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.64% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 5.5K Cr
₹ 5.3K Cr
₹ 5.2K Cr
  • AUM of the fund stands at 5.5K Cr as of Apr'24
  • AUM increased by 234.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Bhavik Dave
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl, since 18 June 2021
Top funds managed
Vinay Sharma
Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl, since 9 April 2018
Kinjal Desai
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl, since 25 May 2018

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl 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 13.04% since inception which is less than its category average return of 16.37%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.17% in Equity, 0% in Debt and 0.83% in Cash related instruments
AUM size ₹5542 Cr

AUM size ₹5542 Cr

This fund has AUM of ₹5542 Cr which is more than its category average of ₹ 1625 Cr
Expense Ratio 1.09%

Expense Ratio 1.09%

This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl is ₹96.32 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
-1.16%
-1.16%
6 Month Returns
3.4%
3.4%
1 Year Returns
28.85%
28.85%
3 Years Returns
58.9%
16.69%
5 Years Returns
66.69%
10.76%
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1.09% as on April 2024
₹5542 Cr as on April 2024
HDFC Bank Ltd(18.28%), ICICI Bank Ltd(16.43%), Axis Bank Ltd(9.34%), State Bank of India(6.2%), Kotak Mahindra Bank Ltd(4.25%) as on April 2024
The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl
10.29
5.78
-0.17
As on April 2024
The alpha for Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl
0.8
0.93
1.08
As on April 2024
The Beta for Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl
1.37
0.77
0.37
As on April 2024
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl
12.21
17.14
28.84
As on April 2024
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 1.33 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.62 as on April 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Bhavik Dave, Vinay Sharma, Kinjal Desai are the fund managers of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl
The Exit load of Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl is 1%