Nippon India Banking & Financial Services Fund Direct Plan - Growth - Regular - Latest NAV [ ₹395.7379 ], Returns, Performance, Portfolio & Returns 2021

Nippon India Banking & Financial Services Fund Direct Plan - Growth

  • highlight
    13.71%
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    (-1.89)395.7379

Min amount: ₹1,000

Calculate Returns

20 yrs
₹1,000 invested monthly becomes
0 in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years13.71%
3 Years16.98%
1 Year79.49%
6 Months36.46%
Fund Details
ISININF204K01XO1
RiskVery High Risk
Fund TypeSector - Financial Services
NAV395.7379
Exit Load1% for 31 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd15.43%
ICICI Bank Ltd13.72%
State Bank of India9.55%
Axis Bank Ltd9.28%
SBI Cards and Payment Services Ltd Ordinary Shares4.43%
Bank of Baroda4.35%
SBI Life Insurance Company Limited3.86%
The Federal Bank Ltd3.8%
Angel One Ltd Ordinary Shares3.5%
LIC Housing Finance Ltd3.26%

About NIPPON INDIA BANKING FUND - Direct Plan - Growth

The NIPPON INDIA BANKING FUND - Direct Plan - Growth aims to offer steady returns by investing in shares of banks and companies engaged in financial services. The fund manager invests in equity and fixed income securities depending on the market movements to generate the maximum return.

Pros and Cons of NIPPON INDIA BANKING FUND - Direct Plan - Growth

The NIPPON INDIA BANKING FUND - Direct Plan - Growth mainly invests in banking stocks giving higher returns than many equity funds. On the flip side, this fund is not suitable for risk-averse investors as most of the investment is in banking stocks.

Fund Information and Statistics

i) Inception/Launch Date

The NIPPON INDIA BANKING FUND was launched on 01 January 2013.

ii) Risk Level

The Nippon India Mutual Fund has placed NIPPON INDIA BANKING FUND under the category of 'high risk' . The fund is not suitable for individuals who invest for less than seven years.

iii) Redemption

Since NIPPON INDIA BANKING FUND is an open-ended mutual fund scheme, you can redeem the investment at any time.

iv) Fund Manager

Mr Vinay Sharma is the current fund manager of NIPPON INDIA BANKING FUND.

v) Entry/Exit Load

There is no entry load as per the norms of the Securities and Exchange Board of India (SEBI). An exit load of 1% is applicable on redemption within 30 days.

About Nippon India Mutual Fund

The Nippon India Mutual Fund (NIMF) is a joint venture between Reliance Capital and Nippon Life Insurance Company of Japan and was established in 1996. It is a leading Asset Management Company with the fund house renamed as Nippon India Mutual Fund after Nippon bought the Reliance Stake. The fund house has Nippon Life Insurance Company and Nippon Life India Trustee Limited as the sponsor and trustee, respectively. The Nippon India Mutual Fund had total assets under management (AUM) of Rs 2.04 lakh crore as of March 2020.

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Frequently Asked Questions

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Min amount: ₹1,000

Calculate Returns

20 yrs
₹1,000 invested monthly becomes
0 in a period of 20 years
Very High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns