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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

409.51

NAV (Nov 30)

9%
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

409.51

NAV (Nov 30)

Fund Returns

Last 1Y

19.3%

Last 3Y

11.3%

Last 5Y

9%

Last 10Y

13.7%

Since Inception

20.9%

6 Month CAGR

20.6%

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

1.98

Launched (19y ago)

May 26, 2003

AUM in Crores

3821.469

ISIN

INF204K01927

Lock-in

No Lock-in

Benchmark

IISL Nifty Financial Services TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Standard Deviation (3yr)

35.1

Standard Deviation (5yr)

30

Beta (3yr)

1.09

Beta (5yr)

1.09

Sharpe Ratio (3yr)

0.43

Sharpe Ratio (5yr)

0.27

YTM

0

Fund Managers

Kinjal Desai

Fund Manager

Vinay Sharma

Fund Manager

Bhavik Dave

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 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 2022-11-30

Top Stock Holdings

hdfc bank ltd

10.9%
10.9%

icici bank ltd

10.7%
10.7%

axis bank ltd

9.1%
9.1%

state bank of india

8.5%
8.5%

housing development finance corp ltd

6.9%
6.9%
See all holdings

Allocation by Sector

financial services

96.2%
96.2%
See all sectors

Compare Nippon India Banking & Financial Services Fund (Growth)

Fund NameFund SizeOutperformance Consistency
Nippon India Value Fund (G)
Nippon India Value Fund (G)

₹ 4,865 cr

₹ 10,427 cr

₹ 15,580 cr

₹ 10,427 cr

₹ 15,580 cr

About the AMC

Nippon Life India Asset Management Ltd

Nippon Life India Asset Management Ltd manages assets worth 249,383 crores and was set up on 24 February 1995. It's current offering of mutual fund schemes includes 99 equity,374 debt and 32 hybrid funds.

amc-img

  • 022-33031000
  • customer_care@reliancemutual.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    20.6%

    15.9%

    4%

    6.8%

    3.9%

    6.6%

    20.2%

    17.8%

    3.9%

    5.5%

    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 20.9% over a period of 19 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 11/30/2022 is ₹409.51 with the total AUM as of 12/1/2022 is ₹3821.469. 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 IISL Nifty Financial Services TR INR.

    Nippon India Banking & Financial Services Fund (G) is rated as a 4 fund in Equity and delivered 19.3% 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 stocks 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 1.98% for regular plan.