Nippon India Banking Fund Direct Bonus-1.73%

-20.59%
1 Year Return
Equity
Sectoral/Thematic
2.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Banking Fund Direct Bonus

RiskHigh
Min SIP AmountNot Supported
Expense Ratio1.51%
NAV217.09 (28 Oct 2020)
Fund Started01 Jan 2013
Fund Size2,010 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Banking Fund Direct Bonus
-20.6%
-6.8%
4.4%
7.5%
Category Average
-18.6%
-5.3%
3.7%
-
Rank within category
13
9
9
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with -20.6% annual returns

    Comparison

    Data not available
    Pros
    1. 5Y Returns are higher than the category average returns
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. Higher expense ratio - 1.51%
    3. 1Y Returns are lower than the category average returns
    4. 3Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity15.3%
    ICICI Bank Ltd.FinancialEquity15.1%
    State Bank of IndiaFinancialEquity9.3%
    Axis Bank Ltd.FinancialEquity6.5%
    Federal Bank Ltd.FinancialEquity4.2%
    Muthoot Finance Ltd.FinancialEquity3.6%
    Max Financial Services Ltd.FinancialEquity3.5%
    Kotak Mahindra Bank Ltd.FinancialEquity3.5%
    Bajaj Finserv Ltd.FinancialEquity3.3%
    Indusind Bank Ltd.FinancialEquity3.1%
    See All

    Nippon India Banking Fund Direct Bonus Details

    Nippon India Banking Fund Direct Bonus is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sanjay Parekh is the Current Fund Manager of Nippon India Banking Fund Direct Bonus fund.The fund currently has an Asset Under Management(AUM) of ₹2,010 Cr and the Latest NAV as of 28 Oct 2020 is ₹217.09.

    The Nippon India Banking Fund Direct Bonus is rated High risk. Minimum SIP Investment is set to 100. Exit load of 1%, if redeemed within 1 month.

    Investment Objective

    The scheme aims to generate continuous returns by actively investing in equity, equity related or fixed income securities of banks. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets.

    Tax Implications

    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.

    Scheme Information Document(SID)

    Not Supported
    Min for First Investment
    Not Supported
    Min for Second Investment
    Exit load of 1%, if redeemed within 1 month.
    Exit Load

    Compare Funds

    Nippon India Banking Fund Direct Bonus
    VS
    search

    About Nippon India Mutual Fund

    Address
    Corporate Office : Reliance Centre, 7th Floor South Wing, OFf Western Express Highway, Santacruz(E) Mumbai-400055
    Phone
    022-33031000/30301111
    Launch Date
    30 Jun 1995
    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,
    Similar Funds
    Data not available