| NAV: 01 Jul 2022 | ₹346.49 |
| Min. SIP amount | NA |
| Rating | 2 |
| Fund size | ₹3,212.98Cr |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | -0.9% | 3.6% | 6.4% | 11.5% |
| Category average | 56.1% | 9.1% | 12.0% | NA |
| Rank with in category | 1 | 8 | 9 | NA |
Holdings (24)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 15.0% |
| ICICI Bank Ltd. | Financial | Equity | 13.7% |
| State Bank of India | Financial | Equity | 8.8% |
| Axis Bank Ltd. | Financial | Equity | 8.8% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 5.7% |
| Bank Of Baroda | Financial | Equity | 4.2% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 4.2% |
| Angel One Ltd. | Financial | Equity | 3.9% |
| The Federal Bank Ltd. | Financial | Equity | 3.7% |
| Indusind Bank Ltd. | Financial | Equity | 3.6% |
Pros and cons
Pros
Cons
Expense ratio, exit load and tax
Expense ratio: 1.37%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 1 month.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | NA |
| Min. for 2nd investment onwards | NA |
| Min. for SIP | NA |
Fund management
Vinay SharmaApr 2018 - PresentView details
Bhavik DaveJun 2021 - PresentView details
Fund house & investment objective
Fund house contact details
Compare funds
FAQs
How to Invest in Nippon India Banking & Financial Services Fund Direct Bonus?
You can easily invest in Nippon India Banking & Financial Services Fund Direct Bonus in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:
- Log on to your Groww account
- Search for Nippon India Banking & Financial Services Fund Direct Bonus from the search box
- In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
- Once you are done with that, you can start investing in Nippon India Banking & Financial Services Fund Direct Bonus as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Nippon India Banking & Financial Services Fund Direct Bonus provide?
The Nippon India Banking & Financial Services Fund Direct Bonus has been there from 01 Jan 2013 and the average annual returns provided by this fund is -0.87% since its inception.
How much expense ratio is charged by Nippon India Banking & Financial Services Fund Direct Bonus?
The term
Expense Ratio used for Nippon India Banking & Financial Services Fund Direct Bonus or any other mutual fund is the annual
charges one needs to pay to the Mutual Fund company for managing your investments in that fund.
The Expense Ratio of Nippon India Banking & Financial Services Fund Direct Bonus is 1.37% as of 02 Jul 2022...
What is the AUM of Nippon India Banking & Financial Services Fund Direct Bonus?
The AUM, short for Assets Under Management of Nippon India Banking & Financial Services Fund Direct Bonus is ₹3,212.98Cr as of 02 Jul 2022.
How to Redeem Nippon India Banking & Financial Services Fund Direct Bonus?
If you want to sell your Nippon India Banking & Financial Services Fund Direct Bonus holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of Nippon India Banking & Financial Services Fund Direct Bonus?
What is the NAV of Nippon India Banking & Financial Services Fund Direct Bonus?
The NAV of Nippon India Banking & Financial Services Fund Direct Bonus is ₹346.49 as of 01 Jul 2022.
