VR Logo

2 star

Nippon India Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.42 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.96 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 34.82 1.91 3.26 -6.15 -0.37 4.63 37.41 12.45 14.26 11.15 --
S&P BSE Bankex TRI 16.60 2.54 2.28 -7.62 0.51 3.89 21.21 12.27 15.25 10.50 --
Equity: Sectoral-Banking 20.18 2.11 2.43 -6.10 -0.84 4.57 24.72 14.46 15.21 11.75 --
Rank within category 1 13 1 10 6 8 1 11 8 5 --
Number of funds in category 14 15 15 15 15 14 13 12 11 8 0

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Banking & Financial Services Fund - Direct Plan  | Invest Online
2 star
Jan-13 37.41 12.45 14.26 1.37% 3,282
SBI Banking & Financial Services Fund - Direct Plan
5 star
Feb-15 22.26 16.44 18.90 0.86% 3,106
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 23.92 17.38 18.42 0.85% 856
Sundaram Financial Services Opportunities Fund - Direct Plan
4 star
Jan-13 27.09 18.02 15.89 1.18% 485
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 30.61 14.03 15.38 1.19% 5,242

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.22 26-May-2020 - 02-Jun-2020 -26.68 16-Mar-2020 - 23-Mar-2020
Month 30.86 22-May-2020 - 23-Jun-2020 -46.76 20-Feb-2020 - 23-Mar-2020
Quarter 51.65 21-Feb-2014 - 23-May-2014 -49.00 03-Jan-2020 - 03-Apr-2020
Year 116.94 22-May-2020 - 24-May-2021 -50.51 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 17.14 35.28 0.38 0.42 1.03 0.42
S&P BSE Bankex TRI 16.37 33.21 0.38 0.46 -- --
Equity: Sectoral-Banking 17.42 30.67 0.45 0.51 0.91 2.24
Rank within category 8 12 11 11 12 10
Number of funds in category 12 12 12 12 12 12

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 26
Top 10 Stocks (%) 70.63
Top 5 Stocks (%) 52.41
Top 3 Sectors (%) 97.90
Portfolio P/B Ratio 1.95
Portfolio P/E Ratio 19.47

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,23,580 2,87,693
Giant (%) 51.69 74.70
Large (%) 17.27 10.32
Mid (%) 22.77 12.64
Small (%) 8.27 4.68
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 24.03 17.52 13.46 14.92
down HDFC Bank Financial 24.70 16.75 10.92 13.71
down State Bank of India Financial 14.85 12.53 7.61 9.53
up Axis Bank Financial 21.07 9.83 3.26 9.28
equal Bank of Baroda Financial 12.15 7.61 2.63 4.97
equal The Federal Bank Financial 10.57 6.11 3.66 4.21
down SBI Cards & Payments Services Financial 92.04 4.43 0.00 4.19
up LIC Housing Fin. Financial 14.01 3.35 0.00 3.35
up Angel One Financial 21.31 3.75 0.00 3.33
down SBI Life Insurance Company Insurance 93.95 4.65 0.00 3.14
up Indusind Bank Financial 18.30 6.13 0.00 2.85
equal Cholamandalam Financial Holdings Financial 16.54 4.24 0.00 2.84
up Max Financial Services Financial 111.67 3.55 1.59 2.37
up RBL Bank Financial -- 4.72 0.00 2.14
equal Poonawalla Fincorp Financial -- 2.77 0.49 2.13
equal Muthoot Finance Financial 14.98 3.74 0.87 1.76
up Equitas Small Finance Bank Financial 25.62 1.68 0.00 1.68
equal Power Finance Corporation Financial 2.49 2.23 0.00 1.62
equal HDFC Financial 24.48 2.17 0.00 1.52
equal Bajaj Finserv Financial 64.45 7.12 1.29 1.47
equal Indian Railway Finance Corporation Financial 5.53 1.59 0.00 1.42
equal CreditAccess Grameen Financial 95.16 2.40 0.00 1.22
equal AU Small Finance Bank Financial 31.80 1.58 0.00 1.11
equal UTI Asset Management Co. Financial 20.32 1.36 0.00 1.10
equal Karur Vysya Bank Financial 9.46 1.89 0.77 0.97

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Vinay Sharma since 09-Apr-2018

Education: Mr. Sharma is B.Arch & PGDCM

Experience: Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.

Funds Managed:

— Bhavik Dave since 18-Jun-2021

Education: Mr. Dave is a BBA and PGDM

Experience: 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.


1.91%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 372.6104

IDCW: ₹ 72.7775

Bonus: ₹ 372.6104


Investment Strategy

The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 13.21%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,282 Cr (As on 31-Oct-2021)
Expense: 1.37% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 49.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW05-Feb-20213.2500

 07-Feb-20203.9843
 08-Feb-20193.9843
 09-Feb-20186.2500
 13-Feb-20175.0000
 12-Feb-20164.0000
 27-Feb-20155.0000
 07-Feb-20143.0000

Contact Information

AMC: Nippon Life India Asset Management Ltd.

Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai - 400013

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot