fund_logo

Nippon India Banking & Financial Services Fund Growth

Medium
Risk
Equity
Other
+
17.47
%
17.47
%
3Y annualised
+
0.73
%
0.73
%
1 Day returns
Fund size
5177
NAV:
Feb 16, 2024
510.271
Sector
Tech
Type
Equity
Launched
May 2003
Min Investment
5000
Expense Ratio
2
Risk
Medium

Portfolio allocation

Top 10 Holdings
% Value
HDFC Bank Ltd
15.09
%
ICICI Bank Ltd
13.54
%
Axis Bank Ltd
9.16
%
State Bank of India
8.18
%
SBI Life Insurance Company Limited
3.92
%
IndusInd Bank Ltd
3.64
%
LIC Housing Finance Ltd
3.54
%
The Federal Bank Ltd
3.3
%
SBI Cards and Payment Services Ltd Ordinary Shares
3.21
%
Equitas Small Finance Bank Ltd Ordinary Shares
2.7
%

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

fund_logo
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
Calculate returns
One-time
Monthly SIP
0
0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
CUSTOM CSS
* Returns are calculated as per lifetime average per annum returns of the fund.
Invest the way you want. Get Vance now.
Download Vance
iphone_13_animation_vance

Begin your investing journey today. Get Vance.