|Min SIP Amount||₹100|
|NAV||₹194.88 (13 Jul 2020)|
|Fund Started||26 May 2003|
|Fund Size||₹1,972 Cr|
|HDFC Bank Ltd.||Financial||Equity||16.2%|
|ICICI Bank Ltd.||Financial||Equity||15.7%|
|State Bank of India||Financial||Equity||7.6%|
|Bajaj Finserv Ltd.||Financial||Equity||6.2%|
|Axis Bank Ltd.||Financial||Equity||5.8%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||5.3%|
|Federal Bank Ltd.||Financial||Equity||4.8%|
|Bajaj Finance Ltd.||Financial||Equity||3.8%|
|Max Financial Services Ltd.||Financial||Equity||3.3%|
|Bank Of Baroda||Financial||Equity||3.1%|
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 ₹1,972 Cr and the Latest NAV as of 13 Jul 2020 is ₹194.88.
The Nippon India Banking Fund Growth 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.
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.
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.