Debt
Direct
Banking & Psu
NAV as on 07-11-2024
₹ 20.36
Inception Returns
7.8%
/yr
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 Kinjal Desai, Pranay Sinha, Vivek Sharma. This fund is suitable to keep your money safe.
Nippon India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.78% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.49%, 6.24% and 6.88% respectively.
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, National Bank For Agriculture And Rural Development, 6.79% Govt Stock 2034, Indian Railway Finance Corporation Limited, 7.18% Govt Stock 2033
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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 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.
Expense ratio | 0.38% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹5438 Cr |
Inception Date | 15 May, 2015 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 162.17% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (07-Nov-24)
as on (31-Dec-69)
Top 2 Sectors in September were Corporate, Government
Nippon India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.61% | 0.61% |
6 Month Returns | 4.4% | 4.4% |
1 Year Returns | 8.49% | 8.49% |
3 Years Returns | 19.9% | 6.24% |
5 Years Returns | 39.49% | 6.88% |
AAA | 100 |