Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vinay Sharma, Bhavik Dave, Kinjal Desai. The fund could potentially beat inflation in the long-run.

1. Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl has ₹6967 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
2. The fund has an expense ratio 1.
   

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl has given a CAGR return of 14.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 19.53%, 24.39% and 31.34% respectively.

Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, SBI Cards and Payment Services Ltd Ordinary Shares

As it is a sector - financial services 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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking and Financial services sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl has no lock in period.