Nippon India Banking & Financial Services Fund Growth
Medium
Risk
Equity
Other
+
19.02
%
19.02
%
3Y annualised
+
-0.07
%
-0.07
%
1D
1M
6M
1Y
3Y
All
Fund size
5225
NAV:
Mar 7, 2024
518.718
Sector
Tech
Type
Equity
Launched
May 2003
Min Investment
5000
Expense Ratio
2
Risk
Medium
Portfolio allocation
Top 10 Holdings
% Value
HDFC Bank Ltd
17.5
%
ICICI Bank Ltd
14.53
%
Axis Bank Ltd
9.14
%
State Bank of India
8.46
%
SBI Life Insurance Company Limited
4.21
%
The Federal Bank Ltd
3.63
%
IndusInd Bank Ltd
3.47
%
SBI Cards and Payment Services Ltd Ordinary Shares
3.2
%
Kotak Mahindra Bank Ltd
2.88
%
ICICI Prudential Life Insurance Company Limited
2.75
%
Expense ratio, exit load and tax
Expense Ratio:
2
%
Inclusive of GST
Exit load
Exit load of 1.0% if redeemed within 1.0 Months, 0.0 % if redeemed after 1.0 Months.
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Fund house & investment objective
Nippon India Banking & Financial Services Fund Growth
More details
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.
Scheme Information Document
Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not an indicator of future returns.
Calculate returns
One-time
Monthly SIP
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
* Returns are calculated as per lifetime average per annum returns of the fund.
Calculate returns
Monthly SIP
One-time
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
