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Nippon India Banking & Financial Services Fund Direct IDCW

Equity
Sectoral / Thematic
Very High Risk
Payout
3.64%
3Y annualised
+0.91% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Jul 2022₹65.59
Min. SIP amount₹100
Rating2
Fund size₹3,212.98Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns-0.9%3.6%6.4%11.5%
Category average56.1%9.1%12.0%NA
Rank with in category189NA
Understand terms

Holdings (24)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity15.0%
ICICI Bank Ltd.FinancialEquity13.7%
State Bank of IndiaFinancialEquity8.8%
Axis Bank Ltd.FinancialEquity8.8%
Housing Development Finance Corpn. Ltd.FinancialEquity5.7%
Bank Of BarodaFinancialEquity4.2%
SBI Cards & Payments Services Ltd.FinancialEquity4.2%
Angel One Ltd.FinancialEquity3.9%
The Federal Bank Ltd.FinancialEquity3.7%
Indusind Bank Ltd.FinancialEquity3.6%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

1Y category rank: 1
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 1.37%
Low rating: 2

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹100

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

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
Amc Image
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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FAQs

How to Invest in Nippon India Banking & Financial Services Fund Direct IDCW?

You can easily invest in Nippon India Banking & Financial Services Fund Direct IDCW 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 IDCW 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 IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Nippon India Banking & Financial Services Fund Direct IDCW provide?

The Nippon India Banking & Financial Services Fund Direct IDCW has been there from 31 Dec 2012 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 IDCW?

The term Expense Ratio used for Nippon India Banking & Financial Services Fund Direct IDCW 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 IDCW is 1.37% as of 02 Jul 2022...

What is the AUM of Nippon India Banking & Financial Services Fund Direct IDCW?

The AUM, short for Assets Under Management of Nippon India Banking & Financial Services Fund Direct IDCW is ₹3,212.98Cr as of 02 Jul 2022.

How to Redeem Nippon India Banking & Financial Services Fund Direct IDCW?

If you want to sell your Nippon India Banking & Financial Services Fund Direct IDCW 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 IDCW?

You can select either SIP or Lumpsum investment of Nippon India Banking & Financial Services Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Nippon India Banking & Financial Services Fund Direct IDCW?

The NAV of Nippon India Banking & Financial Services Fund Direct IDCW is ₹65.59 as of 01 Jul 2022.

What is the PE and PB ratio of Nippon India Banking & Financial Services Fund Direct IDCW?

The PE ratio ratio of Nippon India Banking & Financial Services Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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