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Fincash » Mutual Funds » Reliance Banking Fund

Nippon India Banking Fund - G

NAV  ₹511.699 ↑ 4.40  (0.87 %) as on 28 Mar 24

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 20.8% since its launch.  Ranked 15 in Sectoral category.  Return for 2023 was 24.2% , 2022 was 20.7% and 2021 was 29.7% .

Below is the key information for Nippon India Banking Fund

NAV as on 28 Mar 24₹511.699 ↑ 4.40  (0.87 %)
Net Assets (AUM) as on 29 Feb 2024 ₹5,225 Cr.
Launch Date26 May 2003
CategoryEquity - Sectoral
Rating
TypeOpen Ended Fund
RiskHigh
AMCNippon Life Asset Management Ltd.
Alpha Ratio15.48
Expense Ratio2.05 %
Sharpe Ratio1.974
Information Ratio1.22
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 28 Mar 24

DurationReturns
1 Month 1.4%
3 Month 0.2%
6 Month 10.1%
1 Year 37.7%
3 Year 21%
5 Year 12.4%
10 Year
15 Year
Since launch 20.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 24.2%
2022 20.7%
2021 29.7%
2020 -10.6%
2019 10.7%
2018 -1.2%
2017 44.1%
2016 11.5%
2015 -6%

Growth of 10k Over Years

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,641
28 Feb 21₹12,093
28 Feb 22₹13,730
28 Feb 23₹15,322
29 Feb 24₹20,145
Nippon India Banking Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash2.65%
Equity97.35%
Nippon India Banking Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services95.54%
Technology1.81%
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%₹914 Cr6,514,660
↑ 1,175,299
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
Banks - Regional15%₹759 Cr7,215,358
↑ 400,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 532215
Banks - Regional9%₹477 Cr4,440,216
State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN
Banks - Regional8%₹442 Cr5,911,726
↓ -700,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Nov 20 | SBILIFE
Insurance - Life4%₹220 Cr1,417,129
↓ -31,726
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 04 | FEDERALBNK
Banks - Regional4%₹189 Cr12,599,730
↑ 1,000,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 May 19 | INDUSINDBK
Banks - Regional3%₹181 Cr1,228,251
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 20 | SBICARD
Credit Services3%₹167 Cr2,320,827
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | KOTAKBANK
Banks - Regional3%₹150 Cr890,000
↑ 200,000
ICICI Prudential Life Insurance Company Limited (Financial Services)
Equity, Since 31 Oct 23 | 540133
Insurance - Life3%₹144 Cr2,694,796
↑ 500,000
1 - 10 of 33
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Fund Managers

NameSinceTenure
Vinay Sharma9 Apr 185.9 Yr.
Kinjal Desai25 May 185.77 Yr.
Bhavik Dave18 Jun 212.7 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
₹63.6445
↑ 0.55
1.35 %26.7 %14.37 %8.49 %
Nippon India Banking Fund
Normal Dividend, Reinvestment
₹63.6445
↑ 0.55
0.41 %24.63 %13.87 %8.79 %
Nippon India Banking Fund
Growth
₹511.699
↑ 4.40
10.11 %37.66 %20.99 %12.44 %
Data as on 28 Mar 24

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