Equity
Direct
Sector - Financial Services
NAV as on 05-09-2024
₹ 628.41
▲0.4%
1D
Inception Returns
15.2%
/yr
Nippon India Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Vinay Sharma, Kinjal Desai, Bhavik Dave. The fund could potentially beat inflation in the long-run.
Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.17% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.82%, 19.14% and 19.62% respectively.
Nippon India Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking & Financial services sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Banking & Financial Services Fund Direct Growth has no lock in period.
Expense ratio | 1.08% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹6138 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 34.28% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Sep-24)
as on (31-Jul-24)
Top 2 Sectors in July were Financial Services, Tech
Nippon India Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.11% | 6.11% |
6 Month Returns | 13.7% | 13.7% |
1 Year Returns | 28.82% | 28.82% |
3 Years Returns | 69.12% | 19.14% |
5 Years Returns | 144.94% | 19.62% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Banking & Financial Services Fund Direct Growth | 8.32 | 7.82 | 3.88 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Banking & Financial Services Fund Direct Growth | 0.77 | 0.94 | 1.06 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Banking & Financial Services Fund Direct Growth | 1.75 | 0.84 | 0.59 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Banking & Financial Services Fund Direct Growth | 10.78 | 15.16 | 27.87 |