Fund Performance
Lumpsum
SIP
34.51
as on 07 Jun 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 24,376 today.
NAV Performance
Fund Information
-
₹ 434.513
as on 07 Jun 2023 -
Regular - Growth
-
-
-
₹ 5,000
-
₹ 3,783 Cr.
as on 31 Mar 2023 -
2.02%
-
26 May 2003
-
Nifty Financial Services TRI
-
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 ₹ 434.513 as on 07 Jun 2023.
This fund has 20 years of track record. Since 31 Mar 2023 expense ratio of this fund is 2.02%. 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
-
About Kinjal Desai
Kinjal Desai is Fund Manager – Overseas at Reliance Mutual Fund. Kinjal has obtained her Masters in Economics from Warwick University, UK. She has a total experience of 6 years as Research Analyst – Equities at Reliance Mutual Fund where she started her career as an Associate.
-
About Bhavik Dave
Mr. Dave is a BBA and PGDM Prior joining to Nippon India Mutual Fund he has worked with Motilal Oswal Securities Limited - Research Associate (Institutional Equities), Crisil Global Analytics Centre - Credit Analyst – US Oil & Gas Sector, Grantham Mayo, Van Otterloo & Co. - Research Associate Internship.
-
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.
-
About Akshay Sharma
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 | 10.24% | 14.73% | 19.02% | 37.26% | 38.01% | 49.43% | 21.79% | 21.20% | 35.32% | 26.05% | 33.78% | 29.33% | 20.30% |
| Category Average | 5.39% | 8.36% | 4.48% | 19.54% | 11.17% | 25.93% | 12.40% | 14.68% | 18.19% | 11.31% | 16.92% | 17.03% | 13.95% |
| Nippon India Banking Fund | 7.69%₹ 10,768 | 9.64%₹ 10,963 | 6.00%₹ 10,600 | 29.21%₹ 12,920 | 25.90%₹ 13,616 | 13.57%₹ 12,898 | 17.59%₹ 28,524 | 34.51%₹ 24,376 | 23.43%₹ 50,608 | 10.04%₹ 16,138 | 16.94%₹ 91,580 | 14.39%₹ 38,390 | 14.17%₹ 2,51,609 |
| Quant Infrastructure Fund | 2.02%₹ 10,201 | 4.97%₹ 10,497 | -4.90%₹ 9,510 | 14.95%₹ 11,494 | 7.81%₹ 12,499 | 17.23%₹ 13,743 | 10.89%₹ 26,768 | 49.43%₹ 33,437 | 29.06%₹ 54,623 | 21.79%₹ 26,805 | 29.33%₹ 1,23,429 | 18.75%₹ 55,836 | 20.13%₹ 3,46,879 |
| ICICI Prudential Commodities Fund | 3.97%₹ 10,397 | 6.77%₹ 10,677 | 1.86%₹ 10,185 | 23.34%₹ 12,333 | 20.08%₹ 13,262 | 14.34%₹ 13,073 | 12.77%₹ 27,258 | 46.81%₹ 31,711 | 28.45%₹ 54,177 | - | - | - | - |
| ICICI Prudential Infrastructure Fund | 4.46%₹ 10,446 | 8.58%₹ 10,857 | 9.16%₹ 10,915 | 31.84%₹ 13,184 | 31.29%₹ 13,939 | 25.68%₹ 15,796 | 26.05%₹ 30,799 | 41.37%₹ 28,306 | 33.78%₹ 58,148 | 16.81%₹ 21,758 | 26.24%₹ 1,14,686 | 16.24%₹ 45,069 | 16.95%₹ 2,92,198 |
| Quant Consumption Fund | 3.01%₹ 10,300 | 6.42%₹ 10,642 | -1.95%₹ 9,805 | 18.93%₹ 11,893 | 12.60%₹ 12,800 | 13.80%₹ 12,949 | 10.24%₹ 26,601 | 39.08%₹ 26,951 | 23.07%₹ 50,358 | 19.44%₹ 24,322 | 25.82%₹ 1,13,541 | 20.60%₹ 65,139 | 20.30%₹ 3,50,079 |
| Kotak Infra & Eco Fund Std | 6.42%₹ 10,641 | 9.59%₹ 10,958 | 11.18%₹ 11,118 | 32.01%₹ 13,200 | 30.08%₹ 13,867 | 23.83%₹ 15,334 | 23.58%₹ 30,128 | 37.86%₹ 26,245 | 30.59%₹ 55,749 | 15.23%₹ 20,326 | 24.35%₹ 1,09,614 | - | - |
Portfolio Holdings
Top Sector Holdings of Nippon India Banking Fund
| Name of Sector | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Banks | 61.49% | ₹ 2,348.54 Cr. |
| NBFC | 11.38% | ₹ 430.28 Cr. |
| Housing Finance | 9.52% | ₹ 359.92 Cr. |
| Insurance | 5.08% | ₹ 192.28 Cr. |
| Other Financial Services | 2.06% | ₹ 122.50 Cr. |
| Others | 10.47% | - |
Top Stock Holdings of Nippon India Banking Fund
| Name of Stocks | Holding Percentage | Holding Values in Crore |
|---|---|---|
| HDFC Bank Ltd. | 12.62% | ₹ 477.39 Cr. |
| ICICI Bank Ltd. | 11.40% | ₹ 431.20 Cr. |
| Axis Bank Ltd. | 9.62% | ₹ 364.02 Cr. |
| State Bank Of India | 8.74% | ₹ 330.58 Cr. |
| Housing Development Finance Corporation Ltd. | 6.04% | ₹ 228.42 Cr. |
| Others | 51.58% | - |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 2.38% |
| Warrants | 0.63% |
| Net Receivables | 0.15% |
| Margin | 0.01% |