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: 1.92% As on (31-01-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 5,176.59 Cr As on (31-01-2024)
Turn over: 27%
NAV as on 21-02-2024

512.784

-1.3 (-0.253%)

CAGR Since Inception

20.89%

NIFTY Financial Services TRI 17.49%

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

Scheme Performance (%)

Data as on - 21-02-2024

Yearly Performance (%)

Fund Managers

Vinay Sharma, Bhavik Dave

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 18.34 1.01 8.01 0.97 - -
Equity: Sectoral-Banking and Financial Services - - - - - -

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

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Period
Data as on - 21-02-2024
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 32.5 19.73 18.17 15.48 17.94
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 37.94 22.4 16.38 18.79 17.87
Invesco India Financial Services Fund - Retail Growth 14-07-2008 37.86 20.23 15.43 16.35 18.45
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 30.41 16.33 11.3 14.94 0.0
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 28.6 15.95 12.81 14.2 18.27
Mirae Asset Banking and Financial Services Fund Regular Growth 11-12-2020 28.21 16.35 13.1 0.0 0.0
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 27.52 15.41 9.91 13.18 15.13
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 27.34 17.14 0.0 0.0 0.0
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 26.38 15.74 11.96 11.57 14.76
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 26.05 17.72 11.83 15.38 0.0

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

Asset Allocation (%)

Allocation Percentage (%)

Market Cap Distribution

Small Cap

10.92%

Others

3.66%

Large Cap

71.26%

Mid Cap

14.16%

Total

100%