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Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option

(Erstwhile Reliance Banking Fund-Growth Plan-Growth Option)
Fund House: Nippon India Mutual Fund
Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-05-2003
Asset Class: Equity
Benchmark: NIFTY Financial Services TRI
Expense Ratio: 1.97% As on (30-04-2023)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 3,982.02 Cr As on (30-04-2023)
Turn over: 35.69% | Exit Load: 1% for redemption within 30 days
NAV as on 05-06-2023

429.9879

2.6 (0.6038%)

CAGR Since Inception

20.64%

Benchmark: 7.21%

PERFORMANCE

Returns Type:
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End : 
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vs
NIFTY 50 TRI
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Gold
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PPF
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RETURNS ANALYSIS

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Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
1 Years 7 Months
4 Years 0 Months
4 Years 4 Months
7 Years 3 Months
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme aims to generate continuous returns by actively investing in equity, equity related or fixed income securities of banks. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets.

Current Asset Allocation (%)

Indicators

Standard Deviation 24.53
Sharpe Ratio 1.06
Alpha 5.14
Beta 0.93
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date		 1 Year
Return(%)		 2 Year
Return(%)		 3 Year
Return(%)		 5 Year
Return(%)		 10 Year
Return(%)
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 26.66 13.45 34.11 10.3 14.25
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 28.05 9.74 23.35 11.18 -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 27.6 11.33 23.8 8.98 -
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 26.99 11.56 27.19 12.46 13.59
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 25.64 - - - -
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 25.19 10.83 24.56 11.86 12.39
Mirae Asset Banking and Financial Services Fund Regular Growth 05-12-2020 23.9 9.93 - - -
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 23.67 9.06 28.95 9.45 -
Invesco India Financial Services Fund - Retail Growth 14-07-2008 23.26 8.93 23.49 10.5 14.2
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 22.29 8.94 26.21 6.75 11.01

Scheme Characteristics

Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

14.56%

Others

3.18%

Large Cap

65.99%

Mid Cap

16.27%

Scheme Documents

Fundamentals April 2023

Monthly portfolio for the month end 30th April 2023

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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