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Fincash » Mutual Funds » Nippon India Banking Fund

Nippon India Banking Fund - G

NAV  ₹373.671 ↓ -6.94  (-1.82 %) as on 19 Aug 22

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 2021 was 29.7% , 2020 was -10.6% and 2019 was 10.7% .

Below is the key information for Nippon India Banking Fund

NAV as on 19 Aug 22₹373.671 ↓ -6.94  (-1.82 %)
Net Assets (AUM) as on 30 Jun 2022 ₹3,064 Cr.
Launch Date26 May 2003
CategoryEquity - Sectoral
Rating
TypeOpen Ended Fund
RiskHigh
AMCNippon Life Asset Management Ltd.
Alpha Ratio1.24
Expense Ratio2.21 %
Sharpe Ratio-0.319
Information Ratio-0.22
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 19 Aug 22

DurationReturns
1 Month 7.7%
3 Month 15.2%
6 Month 4.4%
1 Year 9.1%
3 Year 12.3%
5 Year 7.7%
10 Year
15 Year
Since launch 20.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2021 29.7%
2020 -10.6%
2019 10.7%
2018 -1.2%
2017 44.1%
2016 11.5%
2015 -6%
2014 64.9%
2013 -10.4%

Growth of 10k Over Years

DateValue
31 Jul 17₹10,000
31 Jul 18₹10,553
31 Jul 19₹10,203
31 Jul 20₹7,240
31 Jul 21₹12,824
31 Jul 22₹13,806
Nippon India Banking Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash3.47%
Equity96.53%
Nippon India Banking Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services96.07%
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 - Regional15%₹464 Cr3,442,332
↓ -150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional14%₹418 Cr5,903,830
State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN
Banks - Regional9%₹288 Cr6,180,830
↑ 200,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 532215
Banks - Regional8%₹255 Cr4,005,216
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 21 | HDFC
Mortgage Finance6%₹183 Cr845,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 20 | SBICARD
Credit Services5%₹144 Cr1,873,027
Bank of Baroda (Financial Services)
Equity, Since 31 Jul 18 | 532134
Banks - Regional4%₹128 Cr13,126,740
↑ 300,000
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 04 | FEDERALBNK
Banks - Regional4%₹127 Cr14,066,730
↑ 300,000
LIC Housing Finance Ltd (Financial Services)
Equity, Since 30 Jun 21 | LICHSGFIN
Mortgage Finance4%₹111 Cr3,400,000
↑ 300,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 May 19 | INDUSINDBK
Banks - Regional4%₹109 Cr1,378,251
↑ 50,000
1 - 10 of 27
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Fund Managers

NameSinceTenure
Vinay Sharma9 Apr 184.31 Yr.
Kinjal Desai25 May 184.19 Yr.
Bhavik Dave18 Jun 211.12 Yr.

Custodians

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

Registrar & Transfer Agent

KFin Technologies Limited
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
₹55.0233
↓ -1.02
4.39 %9.1 %11.95 %7.24 %
Nippon India Banking Fund
Normal Dividend, Reinvestment
₹55.0233
↓ -1.02
4.39 %9.1 %11.95 %7.24 %
Nippon India Banking Fund
Growth
₹373.671
↓ -6.94
4.39 %9.1 %12.32 %7.68 %
Data as on 19 Aug 22

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