Fund Overview Growth | Regular Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

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 Sector and companies engaged in allied activities related to Banking Sector.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Nippon India Banking Fund-Growth Plan-Growth Option 1.68 16.72 10.91 14.75 9.97 22.57
NIFTY BANK -0.38 11.62 15.90 18.60 10.62 18.84
NIFTY BANK - TRI N/A N/A N/A N/A N/A N/A
S&P BSE SENSEX - TRI 2.43 8.76 16.75 16.81 9.74 13.30

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Nippon India Banking Fund-Growth Plan-Growth Option May 26, 2003 Unrated 10.91 14.75 9.97 2.04 3,132.18
ICICI Prudential Banking and Financial Services Fund - Growth Aug 22, 2008 Unrated 15.16 16.83 13.19 2.12 3,591.58
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth Dec 14, 2013 Unrated 17.00 15.97 12.96 2.25 1,994.52
UTI Banking and Financial Services Fund - Regular Plan - Growth Option Jul 30, 2005 Unrated 10.87 12.41 8.21 2.74 675.34
Sundaram Financial Services Opportunities Fund Reg Growth Jun 10, 2008 Unrated 26.87 16.11 10.36 2.90 240.69
Invesco India Financial Services Fund - Retail Growth Jul 14, 2008 Unrated 22.67 19.32 12.98 2.81 200.26

Fund Holdings as on 31-December-2019

  • ICICI Bank Limited

  • HDFC Bank Limited

  • State Bank of India

  • Bajaj Finserv Limited

  • Axis Bank Limited

  • The Federal Bank Limited

  • Bank of Baroda

  • RBL Bank Limited

  • Triparty Repo

  • Cholamandalam Financial Holdings Limited

  • Canara Bank

  • Kotak Mahindra Bank Limited

  • LIC Housing Finance Limited

  • Max Financial Services Limited

  • IndusInd Bank Limited

  • Motilal Oswal Financial Services Limited

  • CreditAccess Grameen Limited

  • Bajaj Finance Limited

  • PNB Housing Finance Limited

  • Karur Vysya Bank Limited

  • Muthoot Finance Limited

  • Magma Fincorp Limited

  • ICICI Lombard General Insurance Company Limited

  • ICICI Prudential Life Insurance Company Limited

  • HDFC Asset Management Company Limited

  • Cash Margin - Derivatives

  • Net Current Assets

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  • Bank - Private

  • Bank - Public

  • Finance - Investment

  • Finance - NBFC

  • Finance - Housing

  • Miscellaneous

  • Finance - Others

  • Insurance

  • Finance - Asset Management

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About Nippon India Banking Fund

Scheme Analysis

Nippon India Banking Fund is a Equity - Sectoral Fund - Banks & Financial Services fund and belongs to Nippon India Mutual Fund. It was launched on 26-May-2003 and currently has an AUM of ₹3,132.18 crore. Nippon India Banking Fund is benchmarked against NIFTY BANK as primary index and NIFTY BANK - TRI as primary index and S&P BSE SENSEX - TRI as secondary index.

The NAV of Nippon India Banking Fund ended up ₹1.17(0.4%)yesterday to ₹296.6722.

Among its top 3 holdings the fund has exposure to ICICI Bank Limited, and

The Nippon India Banking Fund is managed by Vinay Sharma and Kinjal Desai.

Fund House Contact

Reliance Centre, 7th Floor, South Wing, Off Western Express Highway, Santacruz (East) Mumbai - 400 055

022-43031000
022-43037662

Fund Manager

  • Cash

  • Equity

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