Item: Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl
Rating: 2
Author: Morningstar

Home › Mutual Funds › Nippon India Mutual Fund › Nippon India Banking & Financial Services Fund Direct Plan Reinvestment of Income Dis cum Cptl Wdrl

79.224 (1.517%)

NAV on February 03, 2023

Category Equity:
Sector - Financial Services

Investment StyleBox

Large Blend

Total Assets 4,020 cr

Turnover Ratio 58.59%

Expense Ratio 1.13%

Exit Load 1.00%if redeemed within
1 Months0.00%if redeemed after 1 Months

Returns

1M: -6.09%
1Y: 5.81%
3M: -0.14%
3Y: 12.88%
6M: 6.77%
5Y: 8.31%

Min Investment 5,000

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ADDITIONAL INFO

Fund Manager Vinay Sharma (Since almost 5 years) Kinjal Desai (Since over 4 years) Bhavik Dave (Since over 1 year) Akshay Sharma (Since 2 months)

ISIN INF204K01XN3

Fund Family Nippon India

P/E Ratio 14.86

P/B Ratio 1.99

Launch Date January 01, 2013

Benchmark IISL Nifty Financial Services TR INR

SECTOR WEIGHTINGS (%)

Financial 98.79%

Industrial 0.0%

Technology 1.21%

Basic Materials 0.0%

Consumer Cyclical 0.0%

Utilities Services 0.0%

Healthcare Services 0.00%

Energy Services 0.00%

Communication Services 0.00%

Consumer Defensive 0.00%

Real Estate 0.00%

INVESTMENT OBJECTIVE

Nippon India Banking & Financial Services Fund is a focused banking \nand financial services sector oriented fund investing across market \ncaps within the sector. The fund is well diversified across sub \nsegments like Private & Public Banks, NBFCs, Housing Fin Co’s, \nBroking houses, Wealth Management, Rating Agencies, Asset \nManagement Companies, Insurance Companies, Stock/ Commodities \nExchange, etc. The fund endeavors to generate superior alpha \nthrough active fund management. The alpha generation is attempted \nthrough tactical allocation across various sub segments and \ndifferentiated investment ideas. The fund thus attempts to lower risk \nthrough diversification while retaining the alpha creation potential.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Rated
Top Performing

Top Sector Financial Services Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	EXPENSE RATIO	RISK
Tata Banking & Financial Services Fund Direct Growth	31.189	8.06%	1,305 cr	0.58%	Low
Taurus Banking & Financial Services Fund Direct Plan Growth Option	41.600	7.52%	10 cr	1.66%	Below Average
SBI Banking & Financial Services Direct Growth	27.845	3.01%	3,984 cr	0.79%	Average

Best Sector Financial Services Funds

NAME	LATEST NAV	RETURNS 1y	FUND ASSETS	Expense RATIO	RISK
LIC MF Banking & Financial Services Fund Direct Growth	16.699	8.69%	112 cr	1.54%	Below Average
Tata Banking & Financial Services Fund Direct Growth	31.189	8.06%	1,305 cr	0.58%	Low
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option	70.675	7.99%	619 cr	0.5%	Below Average
Taurus Banking & Financial Services Fund Direct Plan Growth Option	41.600	7.52%	10 cr	1.66%	Below Average
Nippon India Banking & Financial Services Fund Direct Plan - Growth	418.523	5.81%	4,020 cr	1.13%	High