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  • Nippon Mutual Fund
  • Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)

Formerly Nippon India Banking DR

Nippon Mutual Fund

Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)

EquitySectoral / Thematic - Bfsi

55.3719

NAV (Jan 21)

12.6%
5 Year CAGR
Scripbox Opinion

Not Reviewed yet

Our analysis of this fundLearn how we rate funds ->

Track Record

19 Years.

Relative Size

3,089 Cr.

Category View

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Consistency Of Performance

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    Historical growth rate of 12% per annum
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    Recommended Duration > 5 years
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    No Lock-in
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    Grow Wealth , Retirement , Kid's Education

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Historical NAV

55.3719

NAV (Jan 21)

Fund Returns

Last 1Y

31.1%

Last 3Y

10.2%

Last 5Y

12.6%

Last 10Y

14.9%

Since Inception

21%

6 Month CAGR

8.1%

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Scheme Information

Investment 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.

Expense Ratio

2.14

Launched (19y ago)

May 26, 2003

AUM in Crores

3088.914

ISIN

INF204K01901

Lock-in

No Lock-in

Benchmark

IISL Nifty Financial Services TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers
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Bhavik Dave

Fund Manager

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Kinjal Desai

Fund Manager

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Vinay Sharma

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
EPF70% ₹ 9,00,761 ₹ 1,68,1498.50%
Property70% ₹ 8,67,662 ₹ 1,35,0507.00%
PPF70% ₹ 8,69,819 ₹ 1,37,2077.10%
Bank FD70% ₹ 8,46,471 ₹ 1,13,8596.00%
Gold70% ₹ 8,46,471 ₹ 1,13,8596.00%
Savings Bank70% ₹ 8,25,950 ₹ 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
SBI Focused Equity Fund (G)

₹ 23,716 cr

5

₹ 5,282 cr

5

₹ 5,841 cr

5

₹ 4,433 cr

5

₹ 3,651 cr

5

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About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 248,127 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 99 equity,369 debt and 34 hybrid funds.

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  • tel-amc-about
    022-33031000
  • mail-amc-about
    customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    4.6%

    6.9%

    25.3%

    22.5%

    3.9%

    6.6%

    23.9%

    22.3%

    3.3%

    5.4%

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
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    Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) Review

    Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 21% over a period of 18 years. The fund was previously known as Nippon India Banking DR. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers are Bhavik Dave, Kinjal Desai, Vinay Sharma.

    Nav of Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) as of 21/01/2022 is ₹55.37 with the total AUM as of 24/01/2022 is ₹3088.914. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) was launched on May 26, 2003. The category risk of the fund is Very High Risk.

    The minimum SIP amount for Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

    Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty Financial Services TR INR.

    Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) is rated as a 0 fund in Equity and delivered 31.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A).

    Frequently Asked Questions

    What is Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)?

    How to invest in Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)?

    What is the minimum sip amount of Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)?

    Is Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A) good to invest in?

    What is the expense ratio of the Nippon India Banking & Financial Services Fund of Income Distribution cum capital Wdrl (RIDCW-A)?