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Nippon India Banking Fund

Nippon India Banking Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

34.51

as on 07 Jun 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 24,376 today.

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NAV Performance

Nippon India Banking Fund performance graph for last 3 years
Performance of Nippon India Banking Fund for last 3 Years

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

  • Equity - Sectoral/Thematic

  • Nifty Financial Services TRI

  • Nippon India Mutual Fund

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  • 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

    Picture of Kinjal DesaiKinjal 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

    Picture of Bhavik DaveMr. 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

    Picture of Vinay SharmaVinay 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

    Picture of 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

Portfolio holdings pattern of Nippon India Banking Fund as on 08 Jun 2023 are listed below:

  • Equity Holdings:

    96.83%
  • Debt Holdings:

    0.00%
  • Others Holdings:

    3.17%

Top Sector Holdings of Nippon India Banking Fund

Name of SectorHolding PercentageHolding 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 StocksHolding PercentageHolding 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 TypeHolding Percentage
TREPS 2.38%
Warrants 0.63%
Net Receivables 0.15%
Margin 0.01%