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Fund Overview

Fund Size

Fund Size

₹104 Cr

Expense Ratio

Expense Ratio

0.83%

ISIN

ISIN

INF204KC1BV8

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

22 Feb 2024

About this fund

This fund has been in existence for 3 months, having been launched on 22-Feb-24.
As of 21-May-24, it has a Net Asset Value (NAV) of ₹10.25, Assets Under Management (AUM) of 103.53 Crores, and an expense ratio of 0.83%.
  • Nippon India Nifty Bank Index Fund Regular Growth has given a CAGR return of 2.49% since inception.
  • The fund's asset allocation comprises around 99.79% in equities, 0.00% in debts, and 0.21% in cash & cash equivalents.
  • You can start investing in Nippon India Nifty Bank Index Fund Regular Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

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.

Since Inception

+2.49%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity103.31 Cr99.79%
Others0.22 Cr0.21%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity30 Cr28.98%
ICICI Bank LtdEquity24.61 Cr23.77%
Axis Bank LtdEquity10.08 Cr9.74%
State Bank of IndiaEquity9.89 Cr9.55%
Kotak Mahindra Bank LtdEquity8.17 Cr7.89%
IndusInd Bank LtdEquity6.66 Cr6.43%
Bank of BarodaEquity3.48 Cr3.36%
Punjab National BankEquity2.78 Cr2.69%
The Federal Bank LtdEquity2.42 Cr2.34%
IDFC First Bank LtdEquity2.16 Cr2.09%
AU Small Finance Bank LtdEquity2.03 Cr1.96%
Triparty RepoCash - Repurchase Agreement1.77 Cr1.71%
Net Current AssetsCash-1.56 Cr1.50%
Bandhan Bank LtdEquity1.03 Cr0.99%
Cash Margin - CcilCash - Collateral0.01 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

92.41%

Mid Cap Stocks

7.37%

Small Cap Stocks

--

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services103.31 Cr99.79%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Himanshu Mange

Himanshu Mange

Since February 2024

Additional Scheme Detailsas of 30th April 2024

ISININF204KC1BV8Expense Ratio0.83%Exit LoadNo ChargesFund Size₹104 CrAge22 Feb 2024Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty Bank TR INR

Investment ObjectiveInvestment 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.

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1Y
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ICICI Prudential Nifty 200 Momentum 30 Index Fund Regular Growth

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SBI Nifty Smallcap 250 Index Fund Direct Growth

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SBI Nifty Midcap 150 Index Fund Direct Growth

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DSP Nifty 50 Equal Weight Index Fund Direct Growth

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Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Nippon India Nifty Bank Index Fund Regular Growth, as of 21-May-2024, is ₹10.25.
The fund's allocation of assets is distributed as 99.79% in equities, 0.00% in bonds, and 0.21% in cash and cash equivalents.
The fund managers responsible for Nippon India Nifty Bank Index Fund Regular Growth are:-
  1. Himanshu Mange