Nippon India Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 19-11-2024
₹ 611.04
▲0.6%
1D
Inception Returns
14.5%
/yr
About Nippon India Banking & Financial Services Fund Direct Growth
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 Bhavik Dave, Vinay Sharma, Kinjal Desai. The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Banking & Financial Services Fund Direct Growth has ₹6238 Cr worth of assets under management (AUM) as on Oct 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 14.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.92%, 16.47% and 15.33% 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
▲
▼
1625 people have invested ₹ 1.8Cr in Nippon India Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for Nippon India Banking & Financial Services Fund Direct Growth
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
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Nippon India Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 1.08% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹6238 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
73.2%
Small cap
13.7%
Mid cap
11.5%
Sector Allocation
Financial Services
97.4%
Tech
2.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.61% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 2.91% in Oct'24
- AUM of the fund stands at 6.2K Cr as of Oct'24
- AUM decreased by 150.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 15.77% to 16.4%
HDFC Bank Ltd's allocation increased from 20.92% to 21.47%
State Bank of India's allocation increased from 4.26% to 4.73%
Top Stocks sold last month
Kotak Mahindra Bank Ltd's allocation decreased from 4.79 % to 4.58 %
IndusInd Bank Ltd's allocation decreased from 4.82 % to 4.11 %
SBI Life Insurance Co Ltd's allocation decreased from 3.75 % to 3.38 %
Mid Cap allocation has gone up from 11.2% to 11.5%
Large Cap allocation has gone down from 73.3% to 73.2%
Small Cap allocation has gone down from 13.8% to 13.7%
Cash allocation has gone up from 1.7% to 1.7%
Top 2 Sectors in October were Financial Services, Tech
Oct'24
Financial Services
97%
Tech
3%
Sep'24
Financial Services
98%
Tech
2%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 21.47% | 0% | |
 ICICI Bank Ltd | 16.4% | 0% | |
 Axis Bank Ltd | 8.44% | 4.6% | |
 State Bank of India | 4.73% | 4% | |
 Kotak Mahindra Bank Ltd | 4.58% | 0% |
See all
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Bhavik Dave
Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 18 June 2021
Top funds managed
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
Fund House
Nippon Life India Asset Management Ltd
Total Schemes
Total AUM
₹4.29L Cr
as on 31-Oct-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 1 year, this fund has decreased expense ratio by 6.9% moving from 1.16 to 1.08.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 16.57% return, outperforming this fund by 1.23% per annum.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 17.41% return, outperforming this fund by 0.94% per annum.
In the last 1 year, SBI Banking & Financial Services Direct Growth has given 30.58% return, outperforming this fund by 9.66%.
Over the last 1 month, this fund has experienced a 2.4% drop in AUM moving from 6.38K Cr to 6.23K Cr.
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 14.52% since inception which is more than its category average return of 14.51%
Fund Allocations
This fund has an allocation of 98.33% in Equity, 0% in Debt and 1.67% in Cash related instruments
AUM size ₹6238 Cr
This fund has AUM of ₹6238 Cr which is more than its category average of ₹ 1738 Cr
Expense Ratio 1.08%
This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions for Nippon India Banking & Financial Services Fund Direct Growth
The current NAV of Nippon India Banking & Financial Services Fund Direct Growth is ₹611.04 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Nippon India Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.02% | -4.02% |
6 Month Returns | 7.62% | 7.62% |
1 Year Returns | 20.92% | 20.92% |
3 Years Returns | 58% | 16.47% |
5 Years Returns | 104.08% | 15.33% |
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1.08% as on October 2024
₹6238 Cr as on October 2024
HDFC Bank Ltd(21.47%), ICICI Bank Ltd(16.4%), Axis Bank Ltd(8.44%), State Bank of India(4.73%), Kotak Mahindra Bank Ltd(4.58%) as on October 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 | 3.81 | 7.17 | 4.19 |
As on October 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 | 0.85 | 0.94 | 1.07 |
As on October 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 | 1.53 | 0.72 | 0.54 |
As on October 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 | 11.83 | 15.47 | 27.97 |
As on October 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 1.26 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.24 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Bhavik Dave, Vinay Sharma, Kinjal Desai 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%