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Nippon India Banking Fund

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Equity: Sectoral-Banking

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.12 Lakh

Analyst's Choice?

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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 10.33 5.12 12.52 12.84 15.63 11.16 14.37
S&P BSE Bankex TRI 20.54 5.52 15.20 22.30 20.47 12.44 14.82
Equity: Sectoral-Banking 14.26 4.64 12.70 16.59 15.07 8.32 9.98
Rank within category 16 3 18 16 13 7 3
Number of funds in category 18 23 22 18 17 12 8

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 44.41 (28-Apr-2009 - 28-May-2009) -28.34 (12-May-2006 - 13-Jun-2006)
Quarter 101.56 (09-Mar-2009 - 10-Jun-2009) -32.24 (02-Sep-2008 - 02-Dec-2008)
Year 158.54 (09-Mar-2009 - 09-Mar-2010) -47.35 (29-Feb-2008 - 02-Mar-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 16.39 19.25 0.55 0.72 0.98 -3.20
S&P BSE Bankex TRI 19.84 18.24 0.77 1.11 -- --
Equity: Sectoral-Banking 15.47 19.87 0.57 0.82 0.99 -4.28
Rank within category 12 13 13 13 14 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 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 24
Top 10 Stocks (%) 71.59
Top 5 Stocks (%) 50.39
Top 3 Sectors (%) 94.80
Portfolio P/B Ratio 1.95
Portfolio P/E Ratio 27.66

Portfolio Aggregates

Fund Benchmark Category*
Average Mkt Cap (Rs Cr) 97,261 2,20,251
Giant (%) 56.76 74.66
Large (%) 11.10 11.62
Mid (%) 29.67 11.16
Small (%) 2.47 4.74
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 67.85 17.12 7.64 15.73
down HDFC Bank Financial 29.44 27.99 10.60 11.72
equal State Bank of India Financial 29.35 11.96 6.34 10.32
equal Bajaj Finserv Financial 39.54 6.93 0.00 6.75
down Axis Bank Financial 47.45 8.54 0.00 5.87
equal Federal Bank Financial 11.28 6.11 2.91 5.47
equal Bank of Baroda Financial 50.40 7.61 0.00 5.01
down RBL Bank Financial 20.74 4.52 0.00 3.92
down Canara Bank Financial 50.93 5.93 0.00 3.48
equal Cholamandalam Financial Holdings Financial 167.51 3.43 0.00 3.32
equal LIC Housing Fin. Financial 8.11 2.99 0.00 2.87
equal Indusind Bank Financial 24.91 6.13 0.00 2.33
equal Max Financial Services Financial 77.60 2.90 1.48 2.32
up Motilal Oswal Financial Financial 25.16 2.19 0.00 2.19
up Bajaj Finance Financial 49.31 2.82 0.00 1.96
equal PNB Housing Finance Financial 5.62 4.33 0.00 1.82
equal CreditAccess Grameen Financial 30.65 1.78 0.00 1.78
down HDFC Financial 33.89 3.33 0.00 1.46
down ICICI Lombard General Insurance Financial 56.49 1.82 0.00 1.46
equal Karur Vysya Bank Financial 22.88 1.89 0.00 1.30
equal Magma Fincorp Financial 7.73 3.11 0.00 1.04
equal Muthoot Finance Financial 12.11 3.45 0.96 0.96
down ICICI Prudential Life Insurance Co. Ltd. Financial 62.22 3.87 0.00 0.89
down HDFC Asset Management Company Financial 56.54 1.85 0.00 0.83

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-Nov-2019

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:

Invest Online
1.49%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 292.2202

Dividend: ₹ 52.6267

Bonus: ₹ 292.2202

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 365 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 26-May-2003
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 3,156 Cr (As on 30-Nov-2019)
Expense: 2.12% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend08-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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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