Fund Details
Nippon India Banking Fund Dividend
| Risk | High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 2.23% |
| NAV | ₹44.08 (25 Jan 2021) |
|---|---|
| Fund Started | 26 May 2003 |
| Fund Size | ₹2,568 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Age is more than 10 years
3. 5Y Returns are higher than the category average returns
4. 10Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. Risk is higher compared to the benchmark
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. 10Y Returns are lower than the benchmark
8. Risk-adjusted returns are lower compared to the category
9. Higher expense ratio - 2.36%
10. 1Y Returns are lower than the category average returns
11. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 17.2% |
| HDFC Bank Ltd. | Financial | Equity | 13.6% |
| State Bank of India | Financial | Equity | 10.6% |
| Axis Bank Ltd. | Financial | Equity | 7.1% |
| Federal Bank Ltd. | Financial | Equity | 4.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.3% |
| Muthoot Finance Ltd. | Financial | Equity | 3.1% |
| Bajaj Finserv Ltd. | Financial | Equity | 3.1% |
| Bank Of Baroda | Financial | Equity | 3.0% |
| SBI Cards & Payments Services Ltd. | Financial | Equity | 2.8% |
Fund Managers
Nippon India Banking Fund Dividend Details
Nippon India Banking Fund Dividend is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 26 May 2003. Sanjay Parekh is the Current Fund Manager of Nippon India Banking Fund 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 ₹44.08.
The Nippon India Banking Fund 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.
