Nippon India Banking & Financial Services Fund Direct Bonus

Equity
Sectoral / Thematic
Very High Risk
35.58%
3Y annualised
-1.39% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 Mar 2023₹399.95
Min. SIP amountNot Supported
Rating3
Fund size₹3,826.52Cr

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 returns8.2%35.6%9.3%12.2%
Category average10.7%30.6%9.0%NA
Rank with in category1217NA
Understand terms

Holdings (29)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity12.0%
ICICI Bank Ltd.FinancialEquity11.0%
Axis Bank Ltd.FinancialEquity8.9%
State Bank of IndiaFinancialEquity8.6%
Equitas Small Finance Bank Ltd.FinancialEquity5.0%
Housing Development Finance Corporation Ltd.FinancialEquity4.7%
Indusind Bank Ltd.FinancialEquity4.3%
SBI Cards And Payment Services Ltd.FinancialEquity4.1%
LIC Housing Finance Ltd.FinancialEquity3.7%
Bandhan Bank Ltd.FinancialEquity3.1%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

Lower expense ratio: 1.41%
1Y annualised returns lower than category average by 2.51%
3Y, 5Y and 10Y annualised returns higher than category average
Higher alpha: 1.74 The fund has generated returns higher than benchmark - NIFTY Financial Services Total Return Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 1.41%

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

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

Akshay Sharma
Dec 2022 - Present
View details

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
022-68334800 / 18602660111
Launch Date
30 Jun 1995
Website
NA
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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