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Nippon India Banking Fund Direct Bonus+0.13%

58.74%
1 Year Return
Equity
Sectoral/Thematic
2.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Banking Fund Direct Bonus

RiskVery High
Min SIP AmountNot Supported
Expense Ratio1.35%
NAV₹290.00 (20 Apr 2021)
Fund Started01 Jan 2013
Fund Size2,659 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
58.7%
2.1%
12.1%
12.6%
Category Average
48.7%
4.0%
11.5%
-
Rank Within Category
1
10
9
-
*All returns are annualized.
SIP
Minimum SIP amount100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with 58.7% returns per annum

Comparison

Data not available
Pros
Found nothing so far.
Cons
1. 1Y Returns are lower than the category average returns
2. 3Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
ICICI Bank Ltd.FinancialEquity16.8%
HDFC Bank Ltd.FinancialEquity12.2%
State Bank of IndiaFinancialEquity12.1%
Axis Bank Ltd.FinancialEquity9.3%
Federal Bank Ltd.FinancialEquity4.9%
SBI Life Insurance Company Ltd.FinancialEquity4.0%
Bank Of BarodaFinancialEquity3.5%
Muthoot Finance Ltd.FinancialEquity3.0%
Bajaj Finserv Ltd.FinancialEquity2.9%
SBI Cards & Payments Services Ltd.FinancialEquity2.8%
See All

Fund Managers

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 ₹2,659 Cr and the Latest NAV as of 20 Apr 2021 is ₹290.00.

The Nippon India Banking Fund Direct Bonus is rated Very 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

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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,
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