Fund Overview Growth | Direct 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 - Direct Plan Growth Plan - Growth -7.72 2.45 70.13 2.65 12.72 11.30
NIFTY BANK -8.12 -0.84 64.83 8.08 14.42 17.66
NIFTY BANK - TRI N/A N/A N/A N/A N/A N/A
S&P BSE SENSEX - TRI -3.04 -0.26 61.29 13.81 15.13 13.35

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 - Direct Plan Growth Plan - Growth Jan 01, 2013 70.13 2.65 12.72 1.35 2,658.73
SBI BANKING & FINANCIAL SERVICES FUND - DIRECT PLAN - GROWTH Feb 26, 2015 65.07 12.56 19.84 0.93 2,370.67
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth Dec 14, 2013 70.80 6.00 15.08 1.15 1,896.13
UTI Banking and Financial Services Fund - Direct Plan - Growth Option Jan 01, 2013 65.56 2.33 12.11 1.69 677.12
Tata Banking And Financial Services Fund-Direct Plan-Growth Dec 28, 2015 58.97 11.68 19.21 1.03 660.19
Sundaram Financial Services Opportunities Fund - Direct Plan - Growth Option Jan 02, 2013 64.67 11.10 16.10 1.15 328.32

Fund Holdings as on 31-March-2021

  • ICICI Bank Limited

  • HDFC Bank Limited

  • State Bank of India

  • Axis Bank Limited

  • The Federal Bank Limited

  • SBI Life Insurance Company Limited

  • Bank of Baroda

  • Muthoot Finance Limited

  • Bajaj Finserv Limited

  • SBI Cards and Payment Services Limited

  • Magma Fincorp Limited

  • Max Financial Services Limited

  • Cholamandalam Financial Holdings Limited

  • IndusInd Bank Limited

  • Kotak Mahindra Bank Limited

  • Power Finance Corporation Limited

  • RBL Bank Limited

  • Motilal Oswal Financial Services Limited

  • CreditAccess Grameen Limited

  • Angel Broking Limited

  • Karur Vysya Bank Limited

  • Indian Railway Finance Corporation Limited

  • PNB Housing Finance Limited

  • Canara Bank

  • Triparty Repo

  • General Insurance Corporation of India

  • Cash Margin - Derivatives

  • Reverse Repo

  • Net Current Assets

  • Housing Development Finance Corporation Limited (Warrant)

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  • Bank - Private

  • Bank - Public

  • Finance - NBFC

  • Finance - Investment

  • Insurance

  • Finance Term Lending

  • Miscellaneous

  • Finance - Others

  • Finance - Stock Broking

  • Finance - Housing

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Fund Manager

  • Cash

  • Equity

  • Warrants

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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 01-Jan-2013 and currently has an AUM of ₹2,658.73 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 ₹0.68(0.23%)yesterday to ₹296.527.

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

4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W) Mumbai - 400 013

022-68087000
022-68087097