Nippon India Banking & PSU Debt Fund Direct Growth
NAV as on 29-04-2025
₹ 21.39
Inception Returns
7.9%
/yr
Historical NAV & Returns
About Nippon India Banking & PSU Debt Fund Direct Growth
Nippon India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 15 May, 2015. The fund is managed by Vivek Sharma, Pranay Sinha, Kinjal Desai. This fund is suitable to keep your money safe.
Key Parameters
- Nippon India Banking & PSU Debt Fund Direct Growth has ₹5702 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Nippon India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.96%, 7.43% and 7.10% respectively.
Holdings
Nippon India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 6.79% Govt Stock 2034, National Bank For Agriculture And Rural Development, National Housing Bank, 7.23% Govt Stock 2039
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of Nippon India Banking & PSU Debt Fund Direct Growth
To generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs). However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Banking & PSU Debt Fund Direct Growth has no lock in period.
Nippon India Banking & PSU Debt Fund Direct Growth Overview
| Expense ratio | 0.38% |
Benchmark | CRISIL Banking and PSU Debt A-II TR INR |
| AUM | ₹5702 Cr |
| Inception Date | 15 May, 2015 |
| Min Lumpsum/SIP | ₹5000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 162.17% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 5.7K Cr as of Mar'25
- AUM decreased by 6.4 Cr between Mar'25 and Feb'25
Top 2 Sectors in March were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 6.15% | 0% | |
6.79% Govt Stock 2034 | 4.99% | 36.6% | |
National Bank For Agriculture And Rural Development | 3.88% | 0% | |
National Housing Bank | 3.09% | 0% | |
7.23% Govt Stock 2039 | 2.49% | 22.7% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Nippon India Banking & PSU Debt Fund Direct Growth | 9.96% | 7.43% | 7.1% | 7.92% |
 DSP Banking & PSU Debt Fund Direct Growth | 10.5% | 7.6% | 6.76% | 8.15% |
 Aditya Birla Sun Life Banking & PSU Debt Fund Direct Plan Growth | 9.89% | 7.48% | 6.98% | 8.56% |
 ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth | 9.57% | 7.89% | 7.27% | 8.29% |
Mutual Fund Insights
Nippon India Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹5702 Cr
Expense Ratio 0.38%
More funds from Nippon
Frequently Asked Questions for Nippon India Banking & PSU Debt Fund Direct Growth
Nippon India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.54% | 1.54% |
6 Month Returns | 5.19% | 5.19% |
1 Year Returns | 9.96% | 9.96% |
3 Years Returns | 23.99% | 7.43% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |