Name: Nippon India Banking & Financial Services Fund IDCW
Brand: Nippon India Mutual Fund

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Nippon India Banking & Financial Services Fund IDCW
Equity
Sectoral / Thematic
Very High Risk
77.33%
1Y return
+1.63% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 16 Sep 2021₹55.53
Min. SIP amountNA
Rating2star
Fund size₹3,142.26 Cr
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 returns77.3%9.0%12.3%21.6%
Category average56.1%9.1%12.0%NA
Rank with in category11512NA
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 Baroda
FinancialEquity4.2%
SBI Cards & Payments Services Ltd.
FinancialEquity3.1%
Max Financial Services Ltd.
FinancialEquity2.8%
Angel Broking Ltd.
FinancialEquity2.8%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Equity Sectoral / Thematic
thumb_up_altPros
Age is more than 10 years
1Y Returns are higher than the category average returns
10Y Returns are higher than the category average returns
thumb_down_altCons
Higher expense ratio - 2.11%
3Y Returns are lower than the category average returns
5Y Returns are lower than the category average returns
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. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
2.06%
31 Jul 2021 - 31 Aug 2021
2.11%
30 Jun 2021 - 31 Jul 2021
2.15%
31 May 2021 - 30 Jun 2021
2.05%
30 Apr 2021 - 31 May 2021
2.07%
31 Mar 2021 - 30 Apr 2021
2.06%
28 Feb 2021 - 31 Mar 2021
2.16%
31 Jan 2021 - 28 Feb 2021
2.20%
31 Dec 2020 - 31 Jan 2021
2.23%
30 Nov 2020 - 31 Dec 2020
1.98%
31 Oct 2020 - 30 Nov 2020
2.29%
30 Sep 2020 - 31 Oct 2020
2.18%
31 Aug 2020 - 30 Sep 2020
2.18%
31 Jul 2020 - 31 Aug 2020
2.21%
30 Jun 2020 - 31 Jul 2020
2.17%
31 May 2020 - 30 Jun 2020
2.38%
30 Apr 2020 - 31 May 2020
2.34%
31 Mar 2020 - 30 Apr 2020
2.42%
29 Feb 2020 - 31 Mar 2020
2.04%
31 Jan 2020 - 29 Feb 2020
2.08%
31 Dec 2019 - 31 Jan 2020
2.04%
30 Nov 2019 - 31 Dec 2019
2.12%
31 Oct 2019 - 30 Nov 2019
2.17%
30 Sep 2019 - 31 Oct 2019
2.05%
31 Aug 2019 - 30 Sep 2019
2.14%
31 Jul 2019 - 31 Aug 2019
2.09%
30 Jun 2019 - 31 Jul 2019
2.04%
31 May 2019 - 30 Jun 2019
2.15%
30 Apr 2019 - 31 May 2019
2.20%
31 Mar 2019 - 30 Apr 2019
2.34%
28 Feb 2019 - 31 Mar 2019
2.14%
31 Jan 2019 - 28 Feb 2019
2.28%
31 Dec 2018 - 31 Jan 2019
2.08%
30 Nov 2018 - 31 Dec 2018
2.09%
31 Oct 2018 - 30 Nov 2018
2.27%
30 Sep 2018 - 31 Oct 2018
2.19%
31 Aug 2018 - 30 Sep 2018
2.16%
31 Jul 2018 - 31 Aug 2018
2.13%
30 Jun 2018 - 31 Jul 2018
2.20%
31 May 2018 - 30 Jun 2018
2.04%
30 Apr 2018 - 31 May 2018
2.05%
31 Mar 2018 - 30 Apr 2018
2.05%
28 Feb 2018 - 31 Mar 2018
2.04%
31 Jan 2018 - 28 Feb 2018
2.03%
31 Dec 2017 - 31 Jan 2018
2.04%
30 Nov 2017 - 31 Dec 2017
2.04%
31 Oct 2017 - 30 Nov 2017
2.04%
Expense ratio, exit load and taxExpense ratio: 2.06%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
Check past data
Minimum investment amountsMin. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA
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 & Financial Services Fund Growth
Nippon India Banking & Financial Services Fund Bonus
Nippon India Banking & Financial Services Fund IDCW
Nippon India Focused Equity Fund Growth
Nippon India Focused Equity Fund IDCW
Nippon India Banking & Financial Services Fund Direct Bonus
Nippon India Banking & Financial Services Fund Direct Growth
Nippon India Banking & Financial Services 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 & Financial Services Fund Growth
Nippon India Banking & Financial Services Fund Bonus
Nippon India Banking & Financial Services Fund IDCW
Nippon India Banking & Financial Services Fund Direct Bonus
Nippon India Banking & Financial Services Fund Direct Growth
Nippon India Banking & Financial Services 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 & Financial Services Fund IDCW is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made availabl
Nippon India Banking & Financial Services Fund IDCW 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 & Financial Services Fund IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹2,30,092 Cr and the Latest NAV as of 16 Sep 2021 is ₹55.53.
The Nippon India Banking & Financial Services Fund IDCW is rated Very High risk. Minimum SIP Investment is set to 100. 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 Financial Services 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	77.3%	9.0%	12.3%	21.6%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	1	15	12	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%

Rating	2
Fund size	₹3,142.26 Cr