Nippon India Banking & Financial Services Fund Direct Plan - Growth
Nippon India Banking & Financial Services Fund Direct Plan - Growth

Nippon India Banking & Financial Services Fund Direct Plan - Growth

Equity
Direct
Very High Risk
Sector - Financial Services

NAV: ₹ 370.4 as on 03-12-2021

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 370.4114 as on 04-Dec-2021.

2) Nippon India Banking & Financial Services Fund Direct Plan - Growth has 3282 Cr worth of assets under management (AUM) as on 04-Dec-2021 and is more than category average.

3) The fund has an expense ratio 1.37 %.

Fund Overview

Expense ratio
Expense ratio
1.37%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹3282 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
53.59%

Fund Distribution

  • Equity 97.9%
  • Debt & Cash 2.1%
Size breakup
Large cap
70.05%
Mid cap
28.04%
Small cap
1.91%
Sector Allocation
Financial Services100%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings20
Equity Holdings20
Debt Holdings3
ICICI Bank Ltd
ICICI Bank Ltd
14.9%
HDFC Bank Ltd
HDFC Bank Ltd
13.7%
State Bank of India
State Bank of India
9.5%
Axis Bank Ltd
Axis Bank Ltd
9.3%
Bank of Baroda
Bank of Baroda
5%
The Federal Bank Ltd
The Federal Bank Ltd
4.2%
SBI Cards and Payment Services Ltd Ordinary Shares
SBI Cards and Payment Services Ltd Ordinary Shares
4.2%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.3%

Fund Highlights

About the fund

About the fund

This fund has delivered an average annual returns of 13.3% since inception which is more than its category average return of 12.43%
Fund Allocations

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

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%

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%

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,

Frequently Asked Questions

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We are a SEBI registered investement advisor
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