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  • Nippon Mutual Fund
  • Nippon India Banking & Financial Services Fund (Growth)

Formerly Reliance Banking Gr

Nippon Mutual Fund

Nippon India Banking & Financial Services Fund (Growth)

EquitySectoral / Thematic - Bfsi
Top Ranked

530.3498

NAV (May 28)

11.8%
5 Year CAGR
Scripbox Opinion
Top Ranked
These are the top-ranked funds within sectoral / thematic - bfsi mutual funds.

Our analysis of this fundLearn how we rate funds ->

Fund Size

Category Leader

The fund has been a Category Leader on the Fund Size metric

Outperformance Consistency

Category Leader

The fund has been a Category Leader on the Outperformance Consistency metric

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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

530.3498

NAV (May 28)

Fund Returns

Last 1Y
25.2%
Last 3Y
17.9%
Last 5Y
11.8%
Last 10Y
13.9%
Since Inception
20.8%
6 Month CAGR
12.9%

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 & 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
1.9
Launched (21y ago)
May 26, 2003
AUM in Crores
5541.720
ISIN
INF204K01927
Lock-in
No Lock-in
Benchmark
Nifty Financial Services TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
16
Standard Deviation (5yr)
28.4
Beta (3yr)
0.9
Beta (5yr)
1.07
Sharpe Ratio (3yr)
1.014
Sharpe Ratio (5yr)
0.433
YTM
0
Fund Managers

Kinjal Desai

Fund Manager

Vinay Sharma

Fund Manager

Bhavik Dave

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Nippon India Banking & Financial Services Fund (Growth)70%9,79,519 2,46,90711.8%
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.

Asset allocation and Holdings

Last updated on 2024-05-28

Top Stock Holdings

hdfc bank ltd

18.3%
18.3%

icici bank ltd

16.4%
16.4%

axis bank ltd

9.3%
9.3%

state bank of india

6.2%
6.2%

kotak mahindra bank ltd

4.2%
4.2%
See all holdings

Allocation by Sector

financial services

97.4%
97.4%

technology

1.8%
1.8%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
Mirae Asset ELSS Tax Saver Fund (G)
Mirae Asset ELSS Tax Saver Fund (G)

₹ 22,471 cr

₹ 14,859 cr

₹ 18,691 cr

₹ 42,664 cr

₹ 63,933 cr

amc-img

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 368,644 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 105 equity,425 debt and 71 hybrid funds.amc-img
phone-img022-33031000
Fund NameScripbox Opinion
Till Date CAGR

5.6%

6.9%

5.6%

5.8%

5.6%

6.7%

5.6%

6.7%

5.6%

5.8%

Nippon India Banking & Financial Services Fund (G) Review

Nippon India Banking & Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 20.8% over a period of 21 years. The fund was previously known as Reliance Banking Gr. 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 (G) as of 5/28/2024 is ₹530.35 with the total AUM as of 5/29/2024 is ₹5541.72. With Scripbox you can compare and check the latest nav for all mutual funds in India. Nippon India Banking & Financial Services Fund (G) 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 (G) 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 (G) 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 Nifty Financial Services TR INR.

Nippon India Banking & Financial Services Fund (G) is rated as a 4 fund in Equity and delivered 25.2% 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 (G).

Frequently Asked Questions

What is Nippon India Banking & Financial Services Fund (G)?

Nippon India Banking & Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in Nippon India Banking & Financial Services Fund (G)?

You can invest in Nippon India Banking & Financial Services Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Nippon India Banking & Financial Services Fund (G)?

The minimum sip amount for Nippon India Banking & Financial Services Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is Nippon India Banking & Financial Services Fund (G) good to invest in?

As per Scripbox experts, Nippon India Banking & Financial Services Fund (G) is a Top Ranked fund. You can investNippon India Banking & Financial Services Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Nippon India Banking & Financial Services Fund (G)?

The expense ratio of the Nippon India Banking & Financial Services Fund (G) is 1.9% for regular plan.