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Nippon India Banking Fund Growth+0.83%

67.59%
1 Year Return
Equity
Sectoral / Thematic
2.0star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Banking Fund Growth

RiskVery High
Min SIP Amount₹100
Expense Ratio2.15%
NAV₹339.85 (26 Jul 2021)
Fund Started26 May 2003
Fund Size3,012 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
67.6%
8.5%
12.7%
15.6%
Category Average
56.1%
9.1%
12.0%
-
Rank Within Category
1
12
11
-
*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 67.6% returns per annum

Comparison

Data not available
Pros
1. Age is more than 10 years
2. 1Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. 10Y Returns are higher than the category average returns
Cons
1. Higher expense ratio - 2.15%
2. 3Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity15.9%
ICICI Bank Ltd.FinancialEquity14.6%
State Bank of IndiaFinancialEquity10.8%
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

Fund Managers

Bhavik Dave
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Nippon India Banking Fund Growth Details

Nippon India Banking Fund Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹3,012 Cr and the Latest NAV as of 26 Jul 2021 is ₹339.85.

The Nippon India Banking Fund 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.

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
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,
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