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2 star

Nippon India Banking Fund


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.73 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.73 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 multi-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.

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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 -34.71 1.32 -2.14 -0.28 14.08 -31.95 -27.11 -10.06 0.52 11.36 7.04
S&P BSE Bankex TRI -33.49 1.93 -2.72 -1.64 7.51 -30.59 -23.35 -4.36 2.73 12.15 8.38
Equity: Sectoral-Banking -32.25 1.61 -2.09 -1.30 10.79 -29.34 -23.95 -8.87 -0.92 6.79 1.34
Rank within category 11 11 3 3 1 11 11 9 8 3 2
Number of funds in category 13 13 13 13 13 13 13 12 12 8 6

As on 04-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Banking Fund  | Invest Online
2 star
May-03 -27.11 -10.06 0.52 2.17 1,972
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -12.63 0.86 8.93 2.21 1,350
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -12.37 -2.01 -- 1.68 434
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -24.76 -5.00 2.45 0.18 4,876
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -24.74 -5.04 2.54 0.18 3,995

Best & Worst Performance

Best (Period) Worst (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 -4.88 31.87 -0.32 -0.31 1.08 -4.52
S&P BSE Bankex TRI 0.04 28.74 -0.18 -0.18 -- --
Equity: Sectoral-Banking -3.57 29.92 -0.27 -0.33 0.99 -3.68
Rank within category 13 15 13 13 15 13
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 66.59
Top 5 Stocks (%) 49.62
Top 3 Sectors (%) 90.97
Portfolio P/B Ratio 1.28
Portfolio P/E Ratio 16.16

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 78,112 1,59,142
Giant (%) 58.78 74.90
Large (%) 8.64 7.41
Mid (%) 24.85 16.09
Small (%) 7.72 3.96
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
up HDFC Bank Financial 20.09 26.48 10.60 16.75
down ICICI Bank Financial 22.35 17.12 7.64 13.46
up State Bank of India Financial 7.92 11.96 6.34 8.17
up Axis Bank Financial 71.57 8.54 0.89 6.51
down Kotak Mahindra Bank Financial 30.77 5.34 0.00 4.72
down Federal Bank Financial 6.45 6.11 3.32 4.44
down Bajaj Finserv Financial 26.24 7.12 0.00 3.37
equal Bank of Baroda Financial 23.18 7.61 0.00 3.29
equal Max Financial Services Financial 60.01 3.29 1.59 3.20
equal Motilal Oswal Financial Financial 44.50 2.72 0.00 2.67
equal Muthoot Finance Financial 16.43 3.45 0.87 2.46
down Indusind Bank Financial 9.66 6.13 0.00 2.09
equal ICICI Prudential Life Insurance Co. Ltd. Financial 60.88 3.50 0.00 1.94
new HDFC Asset Management Company Financial 40.63 1.89 0.00 1.89
equal CreditAccess Grameen Financial 26.76 1.96 0.00 1.72
new ICICI Lombard General Insurance Company Financial 47.85 1.82 0.00 1.61
equal Cholamandalam Financial Holdings Financial 11.35 4.24 0.00 1.59
down Cholamandalam Invest. & Fin. Financial 14.06 3.19 0.00 1.58
down Can Fin Homes Financial 13.44 1.86 0.00 1.56
down RBL Bank Financial 22.07 4.72 0.00 1.31
equal Power Finance Corp. Financial 3.01 1.62 0.00 1.28
equal General Insurance Corporation of India Financial -- 1.22 0.00 1.13
equal Karur Vysya Bank Financial 10.93 1.89 0.58 1.11
down PNB Housing Finance Financial 5.71 4.33 0.00 1.03
new JM Financial Financial 13.74 0.91 0.00 0.91

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 30-Jun-2020

Fund Manager

— Vinay Sharma since 09-Apr-2018

Education: Mr. Sharma is B.Arch & PGDCM

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

Funds Managed:


1.32%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 191.4576

Dividend: ₹ 31.4688

Bonus: ₹ 191.4576


Investment Strategy

The scheme aims to generate continuous returns by actively investing in equity, equity related or fixed income securities of banks. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets.

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
Exit Load 1% for redemption within 30 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 26-May-2003
Return Since Launch: 18.72%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,972 Cr (As on 30-Jun-2020)
Expense: 2.17% (As on 30-Jun-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 94.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend07-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 India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

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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