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2 star

Nippon India Banking & Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.05 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

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 31.70 -3.50 -5.29 -10.01 1.34 7.66 39.68 10.73 12.80 10.63 15.56
S&P BSE Bankex TRI 14.95 -3.55 -5.09 -12.98 1.82 4.74 21.90 11.87 14.55 10.95 16.35
Equity: Sectoral-Banking 17.81 -3.55 -5.25 -11.42 1.87 4.74 25.60 10.54 11.44 7.89 11.71
Rank within category 3 12 21 9 7 3 3 12 12 5 4
Number of funds in category 28 30 30 30 30 28 27 18 17 11 8

As on 26-Nov-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  | Invest Online
2 star
May-03 39.68 10.73 12.80 2.10% 3,282
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 20.38 15.12 16.67 1.96% 3,106
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 21.80 15.95 16.10 2.45% 856
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 24.81 16.51 13.97 2.55% 485
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 22.10 10.54 14.12 0.18% 10,655

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 27.93 13-May-2009 - 20-May-2009 -26.69 16-Mar-2020 - 23-Mar-2020
Month 44.41 28-Apr-2009 - 28-May-2009 -46.80 20-Feb-2020 - 23-Mar-2020
Quarter 101.56 09-Mar-2009 - 10-Jun-2009 -49.10 03-Jan-2020 - 03-Apr-2020
Year 158.54 09-Mar-2009 - 09-Mar-2010 -50.84 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.33 34.86 0.47 0.51 1.03 -1.30
S&P BSE Bankex TRI 21.13 32.75 0.53 0.63 -- --
Equity: Sectoral-Banking 19.35 32.73 0.50 0.57 0.96 -1.03
Rank within category 12 16 15 15 16 15
Number of funds in category 18 18 18 18 18 18

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

As on 31-Oct-2021

Asset Allocation (%)

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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

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 23.61 17.52 13.46 14.92
down HDFC Bank Financial 24.13 16.75 10.92 13.71
down State Bank of India Financial 14.65 12.53 7.61 9.53
up Axis Bank Financial 20.29 9.83 3.26 9.28
equal Bank of Baroda Financial 12.07 7.61 2.63 4.97
equal The Federal Bank Financial 10.47 6.11 3.66 4.21
down SBI Cards & Payments Services Financial 87.11 4.43 0.00 4.19
up LIC Housing Fin. Financial 13.85 3.35 0.00 3.35
up Angel One Financial 21.40 3.75 0.00 3.33
down SBI Life Insurance Company Insurance 91.39 4.65 0.00 3.14
up Indusind Bank Financial 17.81 6.13 0.00 2.85
equal Cholamandalam Financial Holdings Financial 16.74 4.24 0.00 2.84
up Max Financial Services Financial 108.74 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 14.43 3.74 0.87 1.76
up Equitas Small Finance Bank Financial 26.07 1.68 0.00 1.68
equal Power Finance Corporation Financial 2.41 2.23 0.00 1.62
equal HDFC Financial 23.83 2.17 0.00 1.52
equal Bajaj Finserv Financial 62.84 7.12 1.29 1.47
equal Indian Railway Finance Corporation Financial 5.52 1.59 0.00 1.42
equal CreditAccess Grameen Financial 99.42 2.40 0.00 1.22
equal AU Small Finance Bank Financial 31.29 1.58 0.00 1.11
equal UTI Asset Management Co. Financial 20.94 1.36 0.00 1.10
equal Karur Vysya Bank Financial 9.69 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.


-3.50%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 345.3573

IDCW: ₹ 53.0648

Bonus: ₹ 345.3573


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: 26-May-2003
Return Since Launch: 21.08%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,282 Cr (As on 31-Oct-2021)
Expense: 2.10% (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
 18-Jan-20134.0000
 16-Mar-20121.0000
 25-Feb-20112.5000
 28-Aug-20092.0000
 05-Nov-20072.0000
 21-Feb-20072.0000
 30-Mar-20065.0000
 29-Dec-20054.0000
 28-Mar-20053.0000
 25-Nov-20031.0000

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

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