NAV as on 27-03-2025
₹ 11.04
1D
Inception Returns
8.8%
/yr
Nippon India Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 22 February, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 8.80% since inception. Over the last 1 year the fund has given a CAGR return of 10.44%.
Nippon India Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, State Bank of India
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors. 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 1000.00 and for SIP is INR 100.00. Nippon India Nifty Bank Index Fund Direct Growth has no lock in period.
Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
AUM | ₹129 Cr |
Inception Date | 22 February, 2024 |
Min Lumpsum/SIP | ₹1000/₹100 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 8.96% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (28-Feb-25)
Top Sector in February was Financial Services
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Nippon India Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.33% | 5.33% |
6 Month Returns | -5.96% | -5.96% |
1 Year Returns | 10.44% | 10.44% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | -0.09 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | 11.01 | - | - |