Nippon India Nifty Bank Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 05-03-2025
₹ 10.38
▲0.3%
1D
Inception Returns
3.2%
/yr
About Nippon India Nifty Bank Index Fund Direct Growth
Nippon India Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 22 February, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Nippon India Nifty Bank Index Fund Direct Growth has ₹131 Cr worth of assets under management (AUM) as on Jan 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Nippon India Nifty Bank Index Fund Direct Growth has given a CAGR return of 3.20% since inception. Over the last 1 year the fund has given a CAGR return of 2.20%.
Holdings
Nippon India Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Axis Bank Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Nippon India Nifty Bank Index Fund Direct Growth
The investment objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. Nippon India Nifty Bank Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Nippon India Nifty Bank Index Fund Direct Growth Overview
| Expense ratio | 0.2% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹131 Cr |
| Inception Date | 22 February, 2024 |
| Min Lumpsum/SIP | ₹1000/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 8.96% |
| STCG | Selling mutual fund 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 |
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 131 Cr as of Jan'25
- AUM increased by 2 Cr between Jan'25 and Dec'24
Top Sector in January was Financial Services
Top Losers | 1M Return |
|---|---|
 Punjab National Bank | -11.9% |
 State Bank of India | -10.8% |
 ICICI Bank Ltd | -4.9% |
Nippon India Nifty Bank Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹131 Cr
Expense Ratio 0.2%
Frequently Asked Questions for Nippon India Nifty Bank Index Fund Direct Growth
Nippon India Nifty Bank Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.83% | -3.83% |
6 Month Returns | -6.29% | -6.29% |
1 Year Returns | 2.2% | 2.2% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | -0.09 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Nippon India Nifty Bank Index Fund Direct Growth | 11.01 | - | - |