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NAV as of May 14, 2024
₹562.0226+0.36% 1D change
Returns since inception
Returns Annualised Returns since inception
14.29% p.a.
#5
of 11 funds
Consistency of returns
Protection from volatility
Return Outperformance: This fund has generated highest return amongst Sectoral-Banking funds in the last 10 Years.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 1 month.
VRO rating | 4 |
Expense ratio | 1.09% as on Apr 30, 2024 |
Exit load | 1.0% Exit load of 1%, if redeemed within 1 month.! |
AUM (Fund size) | ₹5,542 Crs |
Lock-in | No Lockin |
Age | 11 yrs 4 m since Jan 01, 2013 |
Benchmark | NIFTY Financial Services TRI |
Min. investment | SIP ₹500 & Lump. ₹5000 |
Risk | Very High |
Short term capital gains (STCG) | Returns taxed at 15% if you redeem before 1 year |
Long term capital gains (LTCG) | After 1 year, pay tax of 10% on returns of ₹1 lakh+ in a financial year |
Period | This fund | Category average |
---|---|---|
1 month | 0.51% | 1.1092857142857142% |
3 months | 2.72% | 2.5957142857142856% |
6 months | 9.84% | 12.475384615384616% |
1 year | 24.81% | 24.09% |
3 years | 20.14% | 17.030000000000005% |
5 years | 14.83% | 15.02375% |
10 years | 15.43% | 15.733333333333334% |
Large Cap 77.259999996738%
Mid Cap 10.850000004162002%
Small Cap 11.0699999991%
Other Cap 0.0%
Financial 89.47999999999999%
Insurance 8.129999999999999%
Services 1.5699999999999998%
Bifurcation by Credit Quality is not available for this fund
Bifurcation by Holding is not available for this fund
Repo 0.66%
Net Current Assets 0.16%
Margin Money 0.00414312%
Others 0.66%
Fund name | ETM Rank | AUM (in Crs.) | Fund age | Expense ratio |
---|---|---|---|---|
Sundaram Financial Services Opportunities Fund | #1 | ₹1,258 Crs | 11 yrs 4 m | 0.78% |
Tata Banking and Financial Services Fund | #2 | ₹2,094 Crs | 8 yrs 5 m | 0.5% |
Invesco India Financial Services Fund | #3 | ₹812 Crs | 11 yrs 4 m | 1.03% |
ICICI Prudential Banking and Financial Services Fund | #4 | ₹7,424 Crs | 11 yrs 4 m | 1.02% |
Nippon India Banking & Financial Services Fund | #5 | ₹5,542 Crs | 11 yrs 4 m | 1.09% |
Fund name | 1M | 6M | 1Y | 3Y | 5Y | 10Y |
---|---|---|---|---|---|---|
Sundaram Financial Services Opportunities Fund | 1.16% | 11.56% | 32.15% | 20.83% | 19.0% | 16.23% |
Tata Banking and Financial Services Fund | 0.89% | 6.6% | 21.86% | 15.77% | 15.82% | 14.81% |
Invesco India Financial Services Fund | 1.96% | 13.34% | 33.86% | 19.04% | 17.05% | 17.53% |
ICICI Prudential Banking and Financial Services Fund | 0.19% | 8.65% | 17.21% | 14.08% | 12.52% | 16.1% |
Nippon India Banking & Financial Services Fund | 0.51% | 9.84% | 24.81% | 20.14% | 14.83% | 15.43% |
Fund name | Std. deviation | Beta | Sharpe | Sortino |
---|---|---|---|---|
Sundaram Financial Services Opportunities Fund | 14.91 | 0.86 | 1.11 | 2.06 |
Tata Banking and Financial Services Fund | 15.42 | 0.88 | 0.82 | 1.58 |
Invesco India Financial Services Fund | 15.49 | 0.85 | 1.01 | 1.63 |
ICICI Prudential Banking and Financial Services Fund | 14.77 | 0.85 | 0.77 | 1.29 |
Nippon India Banking & Financial Services Fund | 15.97 | 0.91 | 1.07 | 1.79 |
Alpha | 7.8 vs. 5.4872327 Higher outperformance against benchmark |
Sharpe | 1.07 vs. 3.9473722 Poor risk-adjusted returns |
Beta | 0.91 vs. 0.7563941 More sensitive to market's ups & downs |
Standard deviation | 15.97 vs. 9.203709 More volatile performance |
Fund AUM | ₹5,542 Crs as on Mar 31, 2024 |
Scheme document | View Scheme Document |
The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.
No. of schemes | 58 view all schemes |
Total AUM | ₹4,33,897 Crs as on Mar 31, 2024 |
Address | 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai, 400013 |
Fund name | ETM Rank | AUM (in Crs.) | 1Y | 5Y |
---|---|---|---|---|
Nippon India Small Cap Fund | #5 | ₹50,423 Crs | 54.63% | 32.97% |
Nippon India Power & Infra Fund | #12 | ₹5,043 Crs | 73.81% | 29.04% |
Nippon India Growth Fund | #7 | ₹26,822 Crs | 54.13% | 27.42% |
Nippon India Pharma Fund | #6 | ₹7,133 Crs | 51.7% | 25.72% |
Nippon India Consumption Fund | #2 | ₹769 Crs | 39.43% | 25.08% |
Nippon India Nifty Smallcap 250 Index Fund | N.A. | ₹1,260 Crs | 57.95% | N.A. |
Identifying a top performing fund that consistently creates wealth can be a challenging task due to the dynamic nature of the market. Top funds often change frequently, sometimes even on a daily basis.
However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
The Nippon India Banking & Financial Services Fund is a 11 yrs 4 m old fund and has delivered average annual returns of 14.29% since inception.
1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
---|---|---|---|---|
24.81% | 20.14% | 14.83% | 15.43% | 14.29% |
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Nippon India Banking & Financial Services Fund for May 14, 2024 is 562.0226.
On ET Money, Investing in Nippon India Banking & Financial Services Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Nippon India Banking & Financial Services Fund is 1.09%. .
Redeeming your investments in Nippon India Banking & Financial Services Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Nippon India Banking & Financial Services Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Nippon India Banking & Financial Services Fund is ₹5,542 Crs.
The Nippon India Banking & Financial Services Fund has invested the majority of its money in the stocks of the following companies -
Company | Percentage of Portfolio |
---|---|
HDFC Bank Ltd. | 18.28% |
ICICI Bank Ltd. | 16.43% |
Axis Bank Ltd. | 9.34% |
State Bank of India | 6.2% |
Kotak Mahindra Bank Ltd. | 4.25% |
The Federal Bank Ltd. | 4.14% |
SBI Life Insurance Company Ltd. | 3.67% |
Indusind Bank Ltd. | 3.36% |
SBI Cards And Payment Services Ltd. | 3.05% |
ICICI Prudential Life Insurance Company Ltd. | 2.79% |
The Nippon India Banking & Financial Services Fund has primarily invested in the following sectors
Sector | Percentage of Portfolio |
---|---|
Financial | 89.47999999999999% |
Insurance | 8.129999999999999% |
Services | 1.5699999999999998% |
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