Share Fund
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 & Financial services 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.
Suitability
This product is suitable for investors who are seeking
• Long term capital growth.
• Investment in equity and equity related securities of companies in banking sector and companies engaged in allied activities related to banking sector
Scheme Class | Equity |
Scheme Category | Sector - Financial Services |
Expense Ratio | 1.08% |
Min subscription | ₹ 5,000 |
Scheme Type | Open-ended |
Scheme AUM (in Crs.) | ₹ 6,029 |
AMC AUM (in Crs.) | ₹ 2,33,617 |
Min Addition Subscription | ₹ 1,000 |
Benchmark Type | S&P BSE BANKEX INR |
Exit Load | Exit load of 1.0%, if redeemed between (0-1) months. No Exit load, if redeemed after 1 months. |
Fund | Min SIP Inv. | Min Inv. | Returns 3Y |
---|---|---|---|
ICICI Prudential Banking and Financial Services - Direct Plan | 1000 | 1000 | 12.42% |
SBI Banking & Financial Services Fund - Direct Plan | 0 | 0 | 14.68% |
UTI Banking and Financial Services Fund - Direct Plan | 0 | 0 | 13.5% |
Nippon India Banking & Financial Services Fund - Direct Plan | 1000 | 1000 | 16.45% |
Company | Holding Type | Asset(%) |
---|---|---|
HDFC Bank Ltd | Equity | 20 |
ICICI Bank Ltd | Equity | 16 |
Axis Bank Ltd | Equity | 8 |
State Bank of India | Equity | 5 |
Kotak Mahindra Bank Ltd | Equity | 5 |
The Federal Bank Ltd | Equity | 4 |
SBI Life Insurance Company Limited | Equity | 4 |
IndusInd Bank Ltd | Equity | 4 |
ICICI Prudential Life Insurance Company Limited | Equity | 3 |
SBI Cards and Payment Services Ltd Ordinary Shares | Equity | 3 |
Asset | Percent |
---|---|
Equity | 98 |
Cash - Repurchase Agreement | 2 |
Cash | 0 |
Cash - Collateral | 0 |
Sector | Percent |
---|---|
Financial Services | 96 |
Cash - Repurchase Agreement | 2 |
Technology | 2 |
Cash | 0 |
Cash - Collateral | 0 |
Fund Manager
Vinay Sharma
6+ years of experience
Kinjal Desai
6+ years of experience
Bhavik Dave
3+ years of experience
About
customercare@nipponindiaim.in
Phone
18002090007
Address
Nippon Life India Asset Management Limited,4th Floor, Tower A, Peninsula Business Park,,Ganapatrao Kadam Marg,,Lower Parel (W), Mumbai - 400 013