Fund Overview IDCW | 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 and 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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Nippon India Banking & Financial Services Fund- DIRECT Plan - IDCW Option 5.02 8.25 27.00 18.81 13.98 14.73
BSE SENSEX - TRI 5.65 5.87 23.36 14.98 15.70 13.76
Nifty Financial Services - TRI N/A N/A N/A N/A N/A N/A

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 & Financial Services Fund- DIRECT Plan - IDCW Option Jan 01, 2013 27.00 18.81 13.98 1.09 5,462.71
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW Jan 01, 2013 21.06 13.05 11.84 1.05 7,107.43
SBI Banking & Financial Services Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW) Feb 26, 2015 33.74 15.88 15.35 0.75 5,387.33
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW Dec 14, 2013 25.10 15.15 13.71 1.03 3,069.78
TATA Banking & Financial Services Fund Direct Plan - Payout of Income Distribution cum capital withdrawal option Dec 28, 2015 25.35 16.50 15.30 0.49 2,048.30
TATA Banking & Financial Services Fund Direct Plan - Reinvestment of Income Distribution cum capital withdrawal option Dec 28, 2015 25.35 16.50 15.30 0.49 2,048.30

Fund Holdings as on 31-May-2024

  • HDFC Bank Limited

  • ICICI Bank Limited

  • Axis Bank Limited

  • State Bank of India

  • Kotak Mahindra Bank Limited

  • The Federal Bank Limited

  • SBI Life Insurance Company Limited

  • IndusInd Bank Limited

  • SBI Cards and Payment Services Limited

  • ICICI Prudential Life Insurance Company Limited

  • Equitas Small Finance Bank Limited

  • Cholamandalam Financial Holdings Limited

  • Max Financial Services Limited

  • Power Finance Corporation Limited

  • Bajaj Finance Limited

  • LIC Housing Finance Limited

  • CreditAccess Grameen Limited

  • UTI Asset Management Company Limited

  • Bajaj Finserv Limited

  • Canara Bank

  • ICICI Lombard General Insurance Company Limited

  • Triparty Repo

  • KFin Technologies Limited

  • Angel One Limited

  • Multi Commodity Exchange of India Limited

  • Fedbank Financial Services Limited

  • One 97 Communications Limited

  • Net Current Assets

  • Cash Margin - CCIL

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  • Bank - Private

  • Insurance

  • Finance - NBFC

  • Bank - Public

  • Finance - Investment

  • Finance - Others

  • Finance Term Lending

  • Finance - Stock Broking

  • Finance - Housing

  • Finance - Asset Management

  • Miscellaneous

  • Depository Services

  • Fintech

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Most Recent Dividend

  • 19/02/2024

  • 13/02/2023

  • 14/02/2022

  • 08/02/2021

  • 10/02/2020

  • 11/02/2019

  • 12/02/2018

  • 13/02/2017

  • 15/02/2016

  • 02/03/2015

  • 10/02/2014

  • Cash

  • Equity

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About Nippon India Banking & Financial Services Fund

Scheme Analysis

Nippon India Banking & Financial Services 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 ₹5,462.71 crore. Nippon India Banking & Financial Services Fund is benchmarked against BSE SENSEX - TRI as primary index and Nifty Financial Services - TRI as secondary index.

The NAV of Nippon India Banking & Financial Services Fund ended up ₹0.57(0.58%)yesterday to ₹99.1813.

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

The Nippon India Banking & Financial Services Fund is managed by Vinay Sharma and Bhavik Dave.

Fund House Contact

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

022-68087000
022-68087097