Nippon India Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 05-09-2024
₹ 628.41
▲0.4%
1D
Inception Returns
15.2%
/yr
About the Fund
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.
Key Parameters
- Nippon India Banking & Financial Services Fund Direct Growth has ₹6138 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
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.
Holdings
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
Taxation
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.
Investment objective of Nippon India Banking & Financial Services Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Annualised
▲
▼
1497 people have invested ₹ 1.9Cr in Nippon India Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Larger AUM within category
No bad points found for this fund.
Fund Overview
| 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 |
Trailing Returns
as on (05-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
76.7%
Small cap
10.6%
Mid cap
10.5%
Sector Allocation
Financial Services
98.1%
Tech
1.9%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 1.31% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 2.22% in Jul'24
- AUM of the fund stands at 6K Cr as of Jul'24
- AUM increased by 96.8 Cr between Jul'24 and Jun'24
Top Stocks bought last month
IndusInd Bank Ltd's allocation increased from 3.4% to 3.97%
SBI Life Insurance Company Limited's allocation increased from 3.56% to 4.12%
ICICI Prudential Life Insurance Company Limited's allocation increased from 2.75% to 3.05%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 20.48 % to 19.6 %
ICICI Bank Ltd's allocation decreased from 16.01 % to 15.95 %
Axis Bank Ltd's allocation decreased from 8.62 % to 8.39 %
Cash allocation has gone up from 2.1% to 2.2%
Top 2 Sectors in July were Financial Services, Tech
Jul'24
Financial Services
98%
Tech
2%
Jun'24
Financial Services
98%
Tech
2%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 19.6% | 1.4% | |
 ICICI Bank Ltd | 15.95% | 0% | |
 Axis Bank Ltd | 8.39% | 7.4% | |
 State Bank of India | 5% | -5.5% | |
 Kotak Mahindra Bank Ltd | 4.95% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
KFin Technologies Ltd | 22.3% |
 UTI Asset Management Company Ltd | 20.7% |
 ICICI Bank Ltd | 5.4% |
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Vinay Sharma
Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 9 April 2018
Top funds managed
Kinjal Desai
Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 25 May 2018
Top funds managed
Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 18 June 2021
Top funds managed
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹3.27L Cr
as on 31-Jul-2024
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W)
Phone
022-68087000/18602660111
Website
customercare@nipponindiaim.in
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 23.9% moving from 1.42 to 1.08.
Over the last 6 months, this fund has experienced a 17.5% growth in AUM moving from 5.22K Cr to 6.13K Cr.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.63% return, outperforming this fund by 1.49% per annum.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.64% return, outperforming this fund by 2.02% per annum.
In the last 1 year, Quant BFSI Fund Direct Growth has given 49.95% return, outperforming this fund by 21.13%.
Nippon India Banking & Financial Services Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.17% since inception which is less than its category average return of 17.31%
Fund Allocations
This fund has an allocation of 97.84% in Equity, 0% in Debt and 2.16% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 1664 Cr
Expense Ratio 1.08%
This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Nippon India Banking & Financial Services Fund Direct Growth is ₹628.41 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
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% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.08% as on August 2024
₹6138 Cr as on August 2024
HDFC Bank Ltd(19.6%), ICICI Bank Ltd(15.95%), Axis Bank Ltd(8.39%), State Bank of India(5%), Kotak Mahindra Bank Ltd(4.95%) as on August 2024
The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The alpha for Nippon India Banking & Financial Services Fund Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The Beta for Nippon India Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
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 |
As on August 2024
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
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 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.52 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.38 as on August 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Vinay Sharma, Kinjal Desai, Bhavik Dave are the fund managers of Nippon India Banking & Financial Services Fund Direct Growth
The Exit load of Nippon India Banking & Financial Services Fund Direct Growth is 1%