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Fincash » Mutual Funds » Nippon India Banking Fund

Nippon India Banking Fund - G

NAV  ₹449.013 ↑ 0.83  (0.19 %) as on 22 Aug 23

Scheme 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 Sector and companies engaged in allied activities related to Banking Sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

Nippon India Banking Fund is a Equity - Sectoral fund launched on 26 May 03. It is a fund with High risk and has given a CAGR return of 20.7% since its launch.  Ranked 15 in Sectoral category.  Return for 2022 was 20.7% , 2021 was 29.7% and 2020 was -10.6% .

Below is the key information for Nippon India Banking Fund

NAV as on 22 Aug 23₹449.013 ↑ 0.83  (0.19 %)
Net Assets (AUM) as on 31 Jul 2023 ₹4,527 Cr.
Launch Date26 May 2003
CategoryEquity - Sectoral
Rating
TypeOpen Ended Fund
RiskHigh
AMCNippon Life Asset Management Ltd.
Alpha Ratio8.34
Expense Ratio2.05 %
Sharpe Ratio1.46
Information Ratio1.02
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23

DurationReturns
1 Month -1.6%
3 Month 6.9%
6 Month 17.5%
1 Year 22.2%
3 Year 30.8%
5 Year 9.2%
10 Year
15 Year
Since launch 20.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2022 20.7%
2021 29.7%
2020 -10.6%
2019 10.7%
2018 -1.2%
2017 44.1%
2016 11.5%
2015 -6%
2014 64.9%

Growth of 10k Over Years

DateValue
30 Sep 18₹10,000
30 Sep 19₹10,900
30 Sep 20₹7,999
30 Sep 21₹14,671
30 Sep 22₹15,443
30 Sep 23₹19,142
Nippon India Banking Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash3.6%
Equity96.4%
Nippon India Banking Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services95.03%
Technology1.36%
Nippon India Banking Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
Banks - Regional17%₹746 Cr4,747,497
↑ 744,912
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional13%₹577 Cr6,015,358
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 532215
Banks - Regional10%₹432 Cr4,440,216
State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN
Banks - Regional8%₹354 Cr6,311,726
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 May 19 | INDUSINDBK
Banks - Regional5%₹218 Cr1,578,251
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 20 | SBICARD
Credit Services4%₹190 Cr2,320,827
↑ 100,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Nov 20 | SBILIFE
Insurance - Life4%₹187 Cr1,448,855
↑ 190,189
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 04 | FEDERALBNK
Banks - Regional4%₹167 Cr11,599,730
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 12 | 500271
Insurance - Life3%₹150 Cr1,611,634
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Jun 21 | EQUITASBNK
Banks - Regional3%₹142 Cr15,728,077
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Fund Managers

NameSinceTenure
Vinay Sharma9 Apr 185.4 Yr.
Kinjal Desai25 May 185.27 Yr.
Bhavik Dave18 Jun 212.21 Yr.
Akshay Sharma1 Dec 220.75 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Nippon India Mutual Fund9th Floor, Crescenzo, C-38 & 39,,G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Auditors

CompanyAddress
Haribhakti & Co. Chartered Accountants42, Free Press House,4th Floor,,215, Nariman Point,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Nippon India Banking Fund
Normal Dividend, Payout
₹60.6795
↑ 0.11
17.45 %12.16 %27.09 %6.9 %
Nippon India Banking Fund
Normal Dividend, Reinvestment
₹60.6795
↑ 0.11
17.45 %12.16 %27.09 %6.9 %
Nippon India Banking Fund
Growth
₹449.013
↑ 0.83
17.45 %22.21 %30.78 %9.19 %
Data as on 22 Aug 23

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.