Nippon India Banking Fund Growth-0.31%

3Groww
2.49%
1 Year Return
Equity
Sectoral/Thematic
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

Nippon India Banking Fund Growth

RiskHigh
Min SIP Amount₹100
Expense Ratio2.14%
NAV259.98 (17 Oct 2019)
Fund Started26 May 2003
Fund Size2,872 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Nippon India Banking Fund Growth
2.5%
8.7%
11.0%
21.8%
Category Average
5.9%
9.2%
8.6%
-
Rank within category
15
12
6
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 2.5% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. 1Y Returns are higher than the benchmark
    Cons
    1. Risk is higher compared to the benchmark
    2. Higher expense ratio
    3. 3Y Returns are lower than the benchmark
    4. 5Y Returns are lower than the benchmark
    5. 10Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    ICICI Bank Ltd.FinancialEquity17.1%
    HDFC Bank Ltd.FinancialEquity12.6%
    Axis Bank Ltd.FinancialEquity8.0%
    Bajaj Finserv Ltd.FinancialEquity6.9%
    Federal Bank Ltd.FinancialEquity6.1%
    Bank Of BarodaFinancialEquity4.9%
    Canara BankFinancialEquity3.4%
    Bajaj Finance Ltd.FinancialEquity2.8%
    See All

    Other Details

    Nippon India Banking Fund Growth is a Equity Mutual Fund Scheme launched by Reliance Mutual Fund. This scheme was introduced to investors on 26 May 2003. Sanjay Parekh is the Current Fund Manager of Nippon India Banking Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹2,872 Cr and the Latest NAV as of 17 Oct 2019 is ₹259.98.

    The Nippon India Banking Fund Growth is rated High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.

    Investment Objective

    The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related or fixed income securities of companies in the banking sector.

    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 year
    Exit Load

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    About Reliance 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
    29 Jun 1995
    Reliance Mutual Fund
    Asset Management Company
    Custodian
    Deutsche Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹1,000
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    + ₹10,000
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