Nippon India Banking Fund - Direct Plan - Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
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- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Sector - Financial Services|
|Exit Load||1% for 31 Days|
More about this fund
|ICICI Bank Ltd||16.76%|
|HDFC Bank Ltd||12.22%|
|State Bank of India||12.1%|
|Axis Bank Ltd||9.33%|
|The Federal Bank Ltd||4.89%|
|SBI Life Insurance Company Limited||3.98%|
|Bank of Baroda||3.55%|
|Muthoot Finance Ltd||3.03%|
|Bajaj Finserv Ltd||2.88%|
|SBI Cards and Payment Services Ltd Ordinary Shares||2.8%|
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.
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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Min amount: ₹1,000
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