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Nippon India Banking Fund Direct Dividend-0.16%

-7.90%
1 Year Return
Equity
Sectoral/Thematic
2.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Banking Fund Direct Dividend

RiskHigh
Min SIP Amount₹100
Expense Ratio1.48%
NAV₹58.10 (25 Jan 2021)
Fund Started01 Jan 2013
Fund Size2,568 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
-7.9%
-0.5%
12.8%
11.2%
Category Average
-2.9%
0.9%
12.6%
-
Rank Within Category
13
9
10
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
0
with -7.9% returns per annum

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
ICICI Bank Ltd.FinancialEquity17.2%
HDFC Bank Ltd.FinancialEquity13.6%
State Bank of IndiaFinancialEquity10.6%
Axis Bank Ltd.FinancialEquity7.1%
Federal Bank Ltd.FinancialEquity4.5%
Kotak Mahindra Bank Ltd.FinancialEquity3.3%
Muthoot Finance Ltd.FinancialEquity3.1%
Bajaj Finserv Ltd.FinancialEquity3.1%
Bank Of BarodaFinancialEquity3.0%
SBI Cards & Payments Services Ltd.FinancialEquity2.8%
See All

Nippon India Banking Fund Direct Dividend Details

Nippon India Banking Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Vinay Sharma is the Current Fund Manager of Nippon India Banking Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹2,568 Cr and the Latest NAV as of 25 Jan 2021 is ₹58.10.

The Nippon India Banking Fund Direct Dividend is rated High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. 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)

₹5000
Min for First Investment
₹1000
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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