Nippon India Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (17-May-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹5,542 Cr
Expense Ratio
1.09%
ISIN
INF204K01XO1
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
01 Jan 2013
About this fund
As of 17-May-24, it has a Net Asset Value (NAV) of ₹567.78, Assets Under Management (AUM) of 5541.72 Crores, and an expense ratio of 1.09%.
- Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.47% since inception.
- The fund's asset allocation comprises around 99.17% in equities, 0.00% in debts, and 0.83% in cash & cash equivalents.
- You can start investing in Nippon India Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+26.35%
+18.76% (Cat Avg.)
3 Years
+20.55%
+18.03% (Cat Avg.)
5 Years
+14.55%
+13.63% (Cat Avg.)
10 Years
+15.12%
+12.42% (Cat Avg.)
Since Inception
+14.47%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹5,495.79 Cr | 99.17% |
| Others | ₹45.93 Cr | 0.83% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹1,013.1 Cr | 18.28% |
| ICICI Bank Ltd | Equity | ₹910.58 Cr | 16.43% |
| Axis Bank Ltd | Equity | ₹517.68 Cr | 9.34% |
| State Bank of India | Equity | ₹343.46 Cr | 6.20% |
| Kotak Mahindra Bank Ltd | Equity | ₹235.47 Cr | 4.25% |
| The Federal Bank Ltd | Equity | ₹229.26 Cr | 4.14% |
| SBI Life Insurance Company Limited | Equity | ₹203.58 Cr | 3.67% |
| IndusInd Bank Ltd | Equity | ₹186.17 Cr | 3.36% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹169.03 Cr | 3.05% |
| ICICI Prudential Life Insurance Company Limited | Equity | ₹154.38 Cr | 2.79% |
| Max Financial Services Ltd | Equity | ₹132.59 Cr | 2.39% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹130.8 Cr | 2.36% |
| LIC Housing Finance Ltd | Equity | ₹130.22 Cr | 2.35% |
| Power Finance Corp Ltd | Equity | ₹126.76 Cr | 2.29% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹123.36 Cr | 2.23% |
| Bajaj Finance Ltd | Equity | ₹118.35 Cr | 2.14% |
| Bajaj Finserv Ltd | Equity | ₹108.58 Cr | 1.96% |
| UTI Asset Management Co Ltd | Equity | ₹108.54 Cr | 1.96% |
| Canara Bank | Equity | ₹101.52 Cr | 1.83% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹92.41 Cr | 1.67% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹84.95 Cr | 1.53% |
| KFin Technologies Ltd | Equity | ₹74.35 Cr | 1.34% |
| Angel One Ltd Ordinary Shares | Equity | ₹66.67 Cr | 1.20% |
| Multi Commodity Exchange of India Ltd | Equity | ₹62.59 Cr | 1.13% |
| Fedbank Financial Services Ltd | Equity | ₹46.92 Cr | 0.85% |
| Triparty Repo | Cash - Repurchase Agreement | ₹36.84 Cr | 0.66% |
| One97 Communications Ltd | Equity | ₹24.47 Cr | 0.44% |
| Net Current Assets | Cash | ₹8.86 Cr | 0.16% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.23 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
74.96%
Mid Cap Stocks
11.61%
Small Cap Stocks
12.60%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹5,396.97 Cr | 97.39% |
| Technology | ₹98.82 Cr | 1.78% |
Risk & Performance Ratios
Standard Deviation
This fund
15.97%
Cat. avg.
17.10%
Lower the better
Sharpe Ratio
This fund
1.06
Cat. avg.
0.73
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.35
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF204K01XO1 | Expense Ratio | 1.09% | Exit Load | 1.00% | Fund Size | ₹5,542 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Financial Services TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Financial Services Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹8.67 Cr | 8.7% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2875.67 Cr | 76.4% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1687.15 Cr | 76.5% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2439.51 Cr | 10.9% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹201.28 Cr | 10.9% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹7423.85 Cr | 18.1% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.3% | 1.0% | ₹1079.86 Cr | 21.2% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹5541.72 Cr | 25.3% |
About the AMC
Total AUM
₹4,54,004 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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- Vinay Sharma
- Kinjal Desai
- Bhavik Dave
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