Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
Nippon India Banking & Financial Services Fund
|
Very High
|
Please wait... |
1.89 |
|||
Very High
|
Please wait... |
1.82 |
||||
Very High
|
Please wait... |
2.05 |
||||
Very High
|
Please wait... |
2.11 |
||||
Very High
|
Please wait... |
2.27 |
₹6,029 Cr
1.00 (30)
5,000
100
100
60
Investment Strategy
The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.
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 flexi-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.
Capital Gains Taxation
Dividend Taxation
1 min read•By Value Research
Nippon India Banking & Financial Services Fund is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies.
Mutual funds can be bought directly from the website of the fund house. For instance, Nippon India Banking & Financial Services Fund fund can be purchased from the website of Nippon India Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Nippon India Banking & Financial Services Fund is ₹551.7336 as of 14-Aug-2024.
The AUM of Nippon India Banking & Financial Services Fund Fund is ₹6,029 Cr as of 31-Jul-2024
The riskometer level of Nippon India Banking & Financial Services Fund is Very High. See More
Company | Percentage of Portfolio |
---|---|
19.60
|
|
15.95
|
|
8.39
|
|
5.00
|
|
4.95
|
As of 31-Jul-2024, Nippon India Banking & Financial Services Fund had invested 97.84% in Equity, 2.15% in Cash & Cash Eq. and 0.01% in Debt See More
Nippon India Banking & Financial Services Fund is 21 years 2 months old. It has delivered 20.79% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
22.32%
|
16.79%
|
16.50%
|
11.66%
|
14.27%
|
20.79%
|
No, There is no lock in period in Nippon India Banking & Financial Services Fund.
The expense ratio of Nippon India Banking & Financial Services Fund is 1.89.