Nippon India Banking & Financial Services Fund Direct Bonus

Equity
Sectoral / Thematic
Very High Risk
Payout
18.84%
3Y annualised
-0.05% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 28 May 2024₹574.12
Min. SIP amountNot Supported
Rating4
Fund size₹5,541.72Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns25.9%18.8%12.7%14.5%
Category average23.7%15.6%11.9%NA
Rank with in category626NA
Understand terms

Holdings (26)

NameSectorInstrumentAssets
FinancialEquity18.28%
FinancialEquity16.43%
FinancialEquity9.34%
FinancialEquity6.20%
FinancialEquity4.25%
FinancialEquity4.14%
InsuranceEquity3.67%
FinancialEquity3.36%
FinancialEquity3.05%
InsuranceEquity2.79%
See All

Expense ratio, exit load and tax

Expense ratio: 1.09%

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund management

Vinay Sharma
Apr 2018 - Present
View details

Education
Mr. Sharma is B.Arch & PGDCM
Experience
Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.
Also manages these schemes

Bhavik Dave
Jun 2021 - Present
View details

Education
Mr. Dave is a BBA and PGDM
Experience
Prior joining to Nippon India Mutual Fund he has worked with Motilal Oswal Securities Limited - Research Associate (Institutional Equities), Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector, Grantham Mayo, Van Otterloo & Co. - Research Associate Internship.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
4th Floor, Tower A, Peninsula Business Park,Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400013
Phone
NA
Launch Date
30 Jun 1995
E-mail
NA
Website
Nippon India Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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