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: ₹ 354 as on 06-07-2022

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 354.0081 as on 06-07-2022.

2) Nippon India Banking & Financial Services Fund Direct Plan - Growth has 3064 Cr worth of assets under management (AUM) as on 31-05-2022 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
₹3064 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 96.5%
  • Debt & Cash 3.5%
Size breakup
Large cap
65.4%
Mid cap
15.8%
Small cap
14.9%
Sector Allocation
Financial Services100%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings23
Equity Holdings20
Debt Holdings3
HDFC Bank Ltd
HDFC Bank Ltd
15.5%
ICICI Bank Ltd
ICICI Bank Ltd
13.8%
State Bank of India
State Bank of India
8.7%
Axis Bank Ltd
Axis Bank Ltd
8.5%
Housing Development Finance Corp Ltd
Housing Development Finance Corp Ltd
6.1%
SBI Cards and Payment Services Ltd Ordinary Shares
SBI Cards and Payment Services Ltd Ordinary Shares
4.5%
Bank of Baroda
Bank of Baroda
4%
IndusInd Bank Ltd
IndusInd Bank Ltd
3.8%

Fund Highlights

About the fund

About the fund

This fund has delivered an average annual returns of 11.85% since inception which is more than its category average return of 8.53%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.53% in Equity, 0% in Debt and 3.47% in Cash related instruments
AUM size ₹3064 Cr

AUM size ₹3064 Cr

This fund has AUM of ₹3064 Cr which is more than its category average of ₹ 1267 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 1.62%

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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