Nippon India Banking & Financial Services Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 611.0436   3.8529(0.635 %) NAV as on 19 Nov 2024
Prime Rating: Unrated
Prime Recommendation: Upgrade to see

Fund type:
Equity
AUM (in crores):
₹ 6,237.85
Fund category:
Sector Funds
Fund manager(s):
Vinay Sharma, Bhavik Dave
Benchmark:
Nifty Financial Services - TRI
Minimum investment:
₹ 5000
Launch date:
01 Jan 2013
Min. additional investment:
₹ 1000
Expense ratio:
1.08 %
Exit load:
1% on or before 1M, Nil after 1M

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 and 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.


Performance (As on 19 Nov 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme7.62 % 20.92 % 16.44 %15.32 % 14.51 %
NIFTY 5004.07 % 24.82 % 12.85 %17.77 % N/A

Portfolio

Top 10 stock holdings
Allocation (%)
HDFC Bank Limited
21.47%
ICICI Bank Limited
16.4%
Axis Bank Limited
8.44%
State Bank of India
4.73%
Kotak Mahindra Bank Limited
4.58%
IndusInd Bank Limited
4.11%
The Federal Bank Limited
3.9%
SBI Life Insurance Company Limited
3.38%
SBI Cards and Payment Services Limited
2.78%
Cholamandalam Financial Holdings Limited
2.74%

About this category

Sector funds focus their entire portfolio on one particular sector such as banking, infrastructure, or pharmaceuticals. These funds can have very high concentration in their top few stocks. A sector fund can deliver outsized returns compared to the market when the sector is in market favour during a rising market. These funds can be prolonged underperformers if markets dont pick up the theme or if the sector is going through a bad patch. These funds require well-timed entry at the low point and an exit at the high point in order to see returns.

Suitability

Sector funds suit investors with very high risk appetites, and who have the knowledge and ability to track sector performance.

Taxation
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