Name: Nippon India Banking Fund Direct Growth
Brand: Nippon India Mutual Fund

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Nippon India Banking Fund Direct Growth
Equity
Sectoral / Thematic
Very High Risk
75.92%
1Y return
+0.75% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 29 Jul 2021₹361.08
Min. SIP Amount₹100
Rating2star
Fund Size₹3,011.81 Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns75.9%7.8%13.1%13.4%
Category average56.1%9.1%12.0%NA
Rank with in category1107NA
Understand termsinfo
Holdings (28)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity15.9%
ICICI Bank Ltd.FinancialEquity14.6%
State Bank of India
FinancialEquity10.8%
Axis Bank Ltd.FinancialEquity9.8%
The Federal Bank Ltd.FinancialEquity4.4%
SBI Life Insurance Company Ltd.FinancialEquity4.3%
Bank Of BarodaFinancialEquity4.2%
SBI Cards & Payments Services Ltd.
FinancialEquity3.1%
Max Financial Services Ltd.FinancialEquity2.8%
Angel Broking Ltd.FinancialEquity2.8%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: 1.39%Inclusive of GST
Exit loadExit load of 1%, if redeemed within 1 month.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 termsinfo
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹100
Fund managementVinay Sharma
Apr 2018 - Present
View Details
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Education
Mr. Sharma is B.Arch & PGDCM
Experience
Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.
Also manages these schemes
Nippon India Banking Fund Growth
Nippon India Banking Fund Bonus
Nippon India Banking Fund IDCW
Nippon India Focused Equity Fund Growth
Nippon India Focused Equity Fund IDCW
Nippon India Banking Fund Direct Bonus
Nippon India Banking Fund Direct Growth
Nippon India Banking Fund Direct IDCW
Nippon India Focused Equity Fund Direct Growth
Nippon India Focused Equity Fund Direct IDCW
Bhavik Dave
Jun 2021 - Present
View Details
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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
Nippon India Banking Fund Growth
Nippon India Banking Fund Bonus
Nippon India Banking Fund IDCW
Nippon India Banking Fund Direct Bonus
Nippon India Banking Fund Direct Growth
Nippon India Banking Fund Direct IDCW
Fund house & investment objective
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Nippon India Mutual Fund
Rank (total assets)#6 in India
Total AUM2,30,092.13 Cr
Date of Incorporation30 Jun 1995
Nippon India Banking Fund Direct Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investo
Nippon India Banking Fund Direct Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Sanjay Parekh is the Current Fund Manager of Nippon India Banking Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,30,092 Cr and the Latest NAV as of 29 Jul 2021 is ₹361.08.
The Nippon India Banking Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 5000. Exit load of 1%, if redeemed within 1 month....Read more
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 
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.
...Read more
Fund benchmarkNIFTY Bank TRI
descriptionScheme Information Document(SID)
Fund house contact details
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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
E-mail
[email protected]
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,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	75.9%	7.8%	13.1%	13.4%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	1	10	7	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	15.9%
ICICI Bank Ltd.	Financial	Equity	14.6%
State Bank of India	Financial	Equity	10.8%
Axis Bank Ltd.	Financial	Equity	9.8%
The Federal Bank Ltd.	Financial	Equity	4.4%
SBI Life Insurance Company Ltd.	Financial	Equity	4.3%
Bank Of Baroda	Financial	Equity	4.2%
SBI Cards & Payments Services Ltd.	Financial	Equity	3.1%
Max Financial Services Ltd.	Financial	Equity	2.8%
Angel Broking Ltd.	Financial	Equity	2.8%

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

Rating	2
Fund Size	₹3,011.81 Cr