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

(Erstwhile Reliance Banking Fund-Growth Plan-Growth Option)

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%
NAV as on 31-05-2023

426.8071

-2.24 (-0.5248%)

CAGR Since Inception

20.61%

NIFTY Financial Services TRI 7.52%

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

Scheme Performance (%)

Data as on - 31-05-2023

Yearly Performance (%)

Fund Managers

Vinay Sharma, Bhavik Dave, Akshay Sharma

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.

MONTHLY LUMPSUM RETURNS ( Invested amount 1,00,000)

Show All Monthly Lumpsum Returns
NAV Date NAV Units Market
Value
Returns
(%)

RETURNS CALCULATOR for Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option

Growth of 10000 In SIP (Fund vs Benchmark)

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Growth of 10000 In LUMPSUM (Fund vs Benchmark)

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Rolling Returns

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.

Riskometer

riskometer

Key Performance and Risk Statistics of Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option

Key Statistics Volatility Sharpe Ratio Alpha Beta Yield to Maturity Average Maturity
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 24.53 1.06 5.14 0.93 - -
Equity: Sectoral-Banking and Financial Services - - - - - -

PEER COMPARISION of Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option

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Data as on - 31-05-2023
Scheme Name Launch
Date
1-Year
Ret (%)
2-Yrs
Ret (%)
3-Yrs
Ret (%)
5-Yrs
Ret (%)
10-Yrs
Ret (%)
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 25.07 14.32 37.93 9.48 14.11
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 26.55 10.6 25.9 8.29 0.0
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 26.22 9.34 25.7 10.34 0.0
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 25.04 11.41 29.89 11.63 13.44
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 24.81 10.78 27.45 11.27 12.23
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 23.95 0.0 0.0 0.0 0.0
Mirae Asset Banking and Financial Services Fund Regular Growth 05-12-2020 22.17 9.82 0.0 0.0 0.0
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 22.01 9.41 31.93 8.74 0.0
Invesco India Financial Services Fund - Retail Growth 14-07-2008 21.36 8.59 26.04 9.74 14.03
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 20.92 8.68 29.33 6.02 10.82

PORTFOLIO ANALYSIS of Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option

Asset Allocation (%)

Allocation Percentage (%)