Share Fund
Nippon India Banking & Financial Services Fund is a focused banking \nand financial services sector oriented fund investing across market \ncaps within the sector. The fund is well diversified across sub \nsegments like Private & Public Banks, NBFCs, Housing Fin Co’s, \nBroking houses, Wealth Management, Rating Agencies, Asset \nManagement Companies, Insurance Companies, Stock/ Commodities \nExchange, etc. The fund endeavors to generate superior alpha \nthrough active fund management. The alpha generation is attempted \nthrough tactical allocation across various sub segments and \ndifferentiated investment ideas. The fund thus attempts to lower risk \nthrough diversification while retaining the alpha creation potential.
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 | 1.37% |
| Min subscription | ₹ 5,000 |
| Scheme Type | Open-ended |
| Scheme AUM (in Crs.) | ₹ 4,020 |
| 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 | 29.59% |
SBI Banking & Financial Services Fund - Direct Plan | 0 | 0 | 25.28% |
UTI Banking and Financial Services Fund - Direct Plan | 0 | 0 | 27.99% |
Nippon India Banking & Financial Services Fund - Direct Plan | 1000 | 1000 | 32.95% |
| Company | Holding Type | Asset(%) |
|---|---|---|
HDFC Bank Ltd | Equity | 11 |
ICICI Bank Ltd | Equity | 10 |
Axis Bank Ltd | Equity | 9 |
State Bank of India | Equity | 8 |
IndusInd Bank Ltd | Equity | 5 |
Housing Development Finance Corp Ltd | Equity | 5 |
LIC Housing Finance Ltd | Equity | 4 |
SBI Cards and Payment Services Ltd Ordinary Shares | Equity | 4 |
Equitas Small Finance Bank Ltd Ordinary Shares | Equity | 4 |
The Federal Bank Ltd | Equity | 3 |
| Asset | Percent |
|---|---|
Equity | 97 |
Cash - Repurchase Agreement | 2 |
Equity - Warrants Rights (Call) | 1 |
Cash - Collateral | 0 |
Cash | 0 |
| Sector | Percent |
|---|---|
Financial Services | 96 |
Cash - Repurchase Agreement | 2 |
Equity - Warrants Rights (Call) | 1 |
Technology | 1 |
Cash - Collateral | 0 |
Fund Manager
Vinay Sharma
4+ years of experience
Kinjal Desai
4+ years of experience
Bhavik Dave
1+ years of experience
Akshay Sharma
0+ 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
