Nippon India Banking & Financial Services Fund Direct Growth
EquitySector - Financial ServicesVery High Risk
Direct
NAV (20-Dec-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹6,307 Cr
Expense Ratio
1.08%
ISIN
INF204K01XO1
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
01 Jan 2013
About this fund
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹610.08, Assets Under Management (AUM) of 6307.03 Crores, and an expense ratio of 1.08%.
- Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.39% since inception.
- The fund's asset allocation comprises around 98.05% in equities, 0.00% in debts, and 1.95% in cash & cash equivalents.
- You can start investing in Nippon India Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+12.61%
+8.83% (Cat Avg.)
3 Years
+20.25%
+17.34% (Cat Avg.)
5 Years
+14.67%
+12.09% (Cat Avg.)
10 Years
+13.28%
+10.87% (Cat Avg.)
Since Inception
+14.39%
— (Cat Avg.)
Portfolio Summaryas of 30th November 2024
| Equity | ₹6,184.16 Cr | 98.05% |
| Others | ₹122.87 Cr | 1.95% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹1,385.59 Cr | 21.97% |
| ICICI Bank Ltd | Equity | ₹1,029.08 Cr | 16.32% |
| Axis Bank Ltd | Equity | ₹515.9 Cr | 8.18% |
| State Bank of India | Equity | ₹301.59 Cr | 4.78% |
| Kotak Mahindra Bank Ltd | Equity | ₹291.27 Cr | 4.62% |
| IndusInd Bank Ltd | Equity | ₹241.75 Cr | 3.83% |
| The Federal Bank Ltd | Equity | ₹233.24 Cr | 3.70% |
| SBI Life Insurance Co Ltd | Equity | ₹186.93 Cr | 2.96% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹176.61 Cr | 2.80% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹162.46 Cr | 2.58% |
| Power Finance Corp Ltd | Equity | ₹154.58 Cr | 2.45% |
| UTI Asset Management Co Ltd | Equity | ₹148.36 Cr | 2.35% |
| Bajaj Finserv Ltd | Equity | ₹144.2 Cr | 2.29% |
| Max Financial Services Ltd | Equity | ₹137.39 Cr | 2.18% |
| Bajaj Finance Ltd | Equity | ₹132.14 Cr | 2.10% |
| Triparty Repo | Cash - Repurchase Agreement | ₹114.64 Cr | 1.82% |
| AU Small Finance Bank Ltd | Equity | ₹110.47 Cr | 1.75% |
| One97 Communications Ltd | Equity | ₹104.33 Cr | 1.65% |
| HDFC Life Insurance Co Ltd | Equity | ₹103.72 Cr | 1.64% |
| Multi Commodity Exchange of India Ltd | Equity | ₹94.21 Cr | 1.49% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹90.24 Cr | 1.43% |
| KFin Technologies Ltd | Equity | ₹84.07 Cr | 1.33% |
| AAVAS Financiers Ltd | Equity | ₹74.14 Cr | 1.18% |
| Angel One Ltd Ordinary Shares | Equity | ₹69.93 Cr | 1.11% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹64.82 Cr | 1.03% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹55.89 Cr | 0.89% |
| Canara Bank | Equity | ₹49.26 Cr | 0.78% |
| Fedbank Financial Services Ltd | Equity | ₹41.98 Cr | 0.67% |
| Net Current Assets | Cash | ₹8.18 Cr | 0.13% |
| Cash Margin - Ccil | Cash - Collateral | ₹0.05 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
71.92%
Mid Cap Stocks
12.97%
Small Cap Stocks
13.16%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹5,995.75 Cr | 95.06% |
| Technology | ₹188.4 Cr | 2.99% |
Risk & Performance Ratios
Standard Deviation
This fund
14.53%
Cat. avg.
15.64%
Lower the better
Sharpe Ratio
This fund
0.92
Cat. avg.
0.67
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.27
Higher the better
Fund Managers
Additional Scheme Detailsas of 30th November 2024
ISIN INF204K01XO1 | Expense Ratio 1.08% | Exit Load 1.00% | Fund Size ₹6,307 Cr | Age 11 years 11 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Financial Services TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Financial Services Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata Nifty Private Bank ETF Very High Risk | 0.1% | - | ₹10.97 Cr | 1.1% |
| Aditya Birla Sun Life Nifty Financial Services ETF Very High Risk | - | - | - | - |
| Nippon India ETF Nifty PSU Bank BeES Very High Risk | 0.5% | - | ₹2724.85 Cr | 19.2% |
| Kotak Nifty PSU Bank ETF Very High Risk | 0.5% | - | ₹1434.25 Cr | 19.1% |
| HDFC Nifty Bank ETF Very High Risk | 0.2% | - | ₹2818.24 Cr | 13.8% |
| ICICI Prudential Nifty Private Banks ETF Very High Risk | 0.1% | - | ₹1911.12 Cr | 14.1% |
| Axis NIFTY Bank ETF Very High Risk | 0.2% | - | ₹240.82 Cr | 7.7% |
| ICICI Prudential Banking and Financial Services Regular Growth Very High Risk | 1.8% | 1.0% | ₹9025.72 Cr | 13.2% |
| UTI Banking and Financial Services Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1170.31 Cr | 12.9% |
| Nippon India Banking & Financial Services Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹6307.03 Cr | 11.7% |
About the AMC
Nippon India Mutual Fund
Total AUM
₹5,71,991 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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- Vinay Sharma
- Kinjal Desai
- Bhavik Dave
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