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Nippon India Banking Fund (Growth)

Formerly Reliance Banking Gr
Returns (5yrs)
1.26 %
Latest NAV
194.85

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  • Tenure
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Total Investment
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Long Term Wealth
Inflation Beating Returns

Fund Information

as on 7th of July, 08:58 AM

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 Sector and companies engaged in allied activities related to Banking 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.

Fund Managers

  • profile-pic
    Kinjal Desai
    profile-pic
    Vinay Sharma
  • expense-ratio
    Expense Ratio
    2.38
    benchmark
    Benchmark
    IISL Nifty Bank TR INR
  • Aum image
    AUM
    ₹ 1701.83 Crores
    ISIN
    ISIN
    INF204K01927
  • Category Risk:

    High Risk

Holding Information

as on 7th of July, 08:58 AM

Top Holding

Hdfc Bank Ltd
16%
Icici Bank Ltd
16%
State Bank Of India
8%
Bajaj Finserv Ltd
6%
Reverse Repo
6%

Top Sectors

Financial Services
95%

Allocation

Equity
95%
Others
5%
Debt
0%

Investment Return Calculator

as on 7th of July, 08:58 AM
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  • Savings Bank
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  • EPF
  • Mutual Fund(Equity)

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. Past performance is not an indicator of future returns.

Transaction

as on 7th of July, 08:58 AM
Minimum SIP Amount
1000
Minimum Lumpsum Amount
5000
Lumpsum Multiple
100
SIP Multiple
100

About the Fund

Nippon India Banking Fund - Growth is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 1.26% over a period of 5 years. The fund is managed by Nippon Life India Asset Management Ltd. The fund managers names are Kinjal Desai, Vinay Sharma. 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 Sector and companies engaged in allied activities related to Banking 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. The fund charges 2.38000%. The minimum SIP amount for this is ₹1000. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000.

Disclaimer: Scripbox has taken due care and caution in compilation of the data contained in this factsheet. This data has been obtained by Scripbox from sources which it considers reliable. However, please verify the data from the mutual fund company before taking any Investment action based on this information.