Fund Performance
Lumpsum
SIP
13.09
as on 09 Dec 20223 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 14,469 today.
NAV Performance
Fund Information
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₹ 412.709
as on 09 Dec 2022 -
Regular - Growth
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-
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₹ 5,000
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₹ 3,078 Cr.
as on 31 Dec 2021 -
2.15%
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26 May 2003
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Nifty Financial Services TRI
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Nippon India Mutual Fund
Show All Funds -
Nippon India Banking & Financial Services Fund - Growth charges 1.0% of sell value; if fund sold before 30 days. There are no other charges.
Highlights of this fund
Nippon India Banking Fund is an Open-ended Equity Fund. The fund belongs to Sectoral/Thematic category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 26 May 2003. This fund is offered by one of the top AMC (Assets Management Company) Nippon India Mutual Fund. You can also view here all other Equity funds offered by Nippon India Mutual Fund.
Latest NAV of the fund is ₹ 412.709 as on 09 Dec 2022.
This fund has 19 years of track record. Since 30 Nov 2021 expense ratio of this fund is 2.15%. Ideally you shoulds compare this fund with the benchmark Nifty Financial Services TRI.
You can invest in this fund in SIP with the minimum investment of ₹ 100. Lumpsum invest is offered with minimum investment of ₹ 5,000.
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.
List of Fund Managers of Nippon India Banking Fund
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About Bhavik Dave
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About Vinay Sharma
Vinay Sharma is Equity Fund Manager at Reliance Mutual Fund. Vinay graduated in architecture from MNIT Jaipur and did his post graduate diploma in computer aided management from IIM Calcutta. He has also earned the right to use the Chartered Financial Analyst designation, conferred by CFA Institute, USA. Vinay has a total experience of around 14 years. Before his association with Reliance Mutual Fund, Vinay worked as a fund manager at ICICI Prudential Management for several years managing both diversified and thematic funds. Prior to that he has been an equity research analyst at AIG Global Asset Management and JP Morgan India. Vinay has been instrumental in many NFO launches and product initiatives in his previous stints, and has attended several global investment conferences and seminars.
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Very High Risk
Fund Return Comparison
| Fund Name | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Category Best | 13.10% | 11.13% | 25.02% | 28.25% | 49.58% | 41.16% | 24.79% | 21.86% | 39.76% | 33.90% | 48.84% | 34.34% | 22.26% |
| Category Average | 1.94% | 2.78% | 14.36% | 5.97% | 21.17% | 19.96% | 11.14% | 13.64% | 15.00% | 13.62% | 21.48% | 17.09% | 14.26% |
| Nippon India Banking Fund | 4.18%₹ 10,418 | 5.64%₹ 10,563 | 22.37%₹ 12,237 | 16.04%₹ 11,604 | 28.25%₹ 13,763 | 26.03%₹ 15,883 | 20.72%₹ 29,368 | 13.09%₹ 14,469 | 26.43%₹ 52,747 | 9.56%₹ 15,790 | 16.17%₹ 89,889 | 13.40%₹ 35,209 | 14.32%₹ 2,53,634 |
| Quant Infrastructure Fund | 2.18%₹ 10,217 | 5.18%₹ 10,517 | 21.01%₹ 12,100 | 14.32%₹ 11,431 | 26.24%₹ 13,642 | 49.58%₹ 22,375 | 33.90%₹ 32,986 | 41.16%₹ 28,155 | 48.84%₹ 70,466 | 21.66%₹ 26,680 | 34.34%₹ 1,38,956 | 16.98%₹ 48,054 | 22.26%₹ 3,89,364 |
| ICICI Prudential Commodities Fund | 5.02%₹ 10,502 | 8.69%₹ 10,869 | 21.05%₹ 12,104 | 16.03%₹ 11,603 | 25.31%₹ 13,585 | 43.56%₹ 20,610 | 25.31%₹ 30,609 | 40.97%₹ 28,038 | 43.38%₹ 65,826 | - | - | - | - |
| Quant Consumption Fund | 1.55%₹ 10,155 | 5.38%₹ 10,538 | 21.06%₹ 12,105 | 11.24%₹ 11,124 | 24.12%₹ 13,513 | 36.72%₹ 18,692 | 25.06%₹ 30,543 | 38.72%₹ 26,715 | 38.30%₹ 61,706 | 18.85%₹ 23,736 | 29.23%₹ 1,23,197 | 19.13%₹ 57,674 | 22.09%₹ 3,85,704 |
| ICICI Prudential Technology Fund | 2.09%₹ 10,209 | 1.90%₹ 10,190 | 0.57%₹ 10,056 | -16.43%₹ 8,356 | -9.36%₹ 11,383 | 22.24%₹ 14,943 | 3.46%₹ 24,869 | 34.12%₹ 24,142 | 25.25%₹ 51,903 | 24.79%₹ 30,302 | 24.80%₹ 1,10,856 | 21.86%₹ 72,365 | 20.74%₹ 3,58,526 |
| Aditya Birla Sun Life Digital India Fund | 2.17%₹ 10,217 | 2.33%₹ 10,233 | 2.68%₹ 10,267 | -15.61%₹ 8,438 | -7.45%₹ 11,511 | 21.21%₹ 14,691 | 3.41%₹ 24,857 | 30.59%₹ 22,288 | 22.13%₹ 49,726 | 23.36%₹ 28,597 | 23.15%₹ 1,06,531 | 20.75%₹ 66,026 | 20.23%₹ 3,48,751 |
Portfolio Holdings
Top Sector Holdings of Nippon India Banking Fund
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 66.35% | ₹ 2,048.51 Cr. |
| NBFC | 12.69% | ₹ 438.57 Cr. |
| Housing Finance | 4.94% | ₹ 152.46 Cr. |
| Other Financial Services | 2.81% | ₹ 142.50 Cr. |
| Stockbroking and Allied | 4.00% | ₹ 123.62 Cr. |
| Others | 9.21% | - |
Top Stock Holdings of Nippon India Banking Fund
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| ICICI Bank Ltd. | 14.63% | ₹ 451.78 Cr. |
| HDFC Bank Ltd. | 12.18% | ₹ 376.11 Cr. |
| Axis Bank Ltd. | 9.46% | ₹ 292.13 Cr. |
| State Bank Of India | 9.44% | ₹ 291.50 Cr. |
| Bank Of Baroda | 4.84% | ₹ 149.37 Cr. |
| Others | 49.45% | - |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.09% |
| Warrants | 0.41% |
| Margin | 0.32% |
| Net Receivables | -0.30% |