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FAQ : Nippon India Banking & Financial Services Fund - Growth - Direct Plan

Nippon India Banking & Financial Services Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) N/A 13.84 14.24 10.78
Average Rolling Returns(%) 18.75 14.98 14.77 14.72

The Current NAV of Nippon India Banking & Financial Services Fund - Growth - Direct Plan is ₹713.18.

You should look for a fund with better more consistent performance track record. Funds returns likely to be fairly different than its benchmark Nifty Financial Services , as Funds portfolio is somewhat different.

Nippon India Banking & Financial Services Fund - Growth - Direct Plan fund’s expense ratio is 0.97%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Nippon India Banking & Financial Services Fund - Growth - Direct Plan is currently ₹6,721 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Axis Bank and account for 37% of its portfolio. Top 5 and 10 stocks of fund account for 47% and 62% of fund’s portfolio respectively.

Top three sectors of Nippon India Banking & Financial Services Fund - Growth - Direct Plan fund are BFSI, IT and Miscellaneous accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Nippon India Banking & Financial Services Fund - Growth - Direct Plan Fund is Equity - Sectoral Fund - Banks & Financial Service.

Vinay Sharma and Bhavik Dave manage the Nippon India Banking & Financial Services Fund - Growth - Direct Plan Fund.

Nippon India Banking & Financial Services Fund - Growth - Direct Plan current PE ratio is 22.67 and PB ratio is 4.15

The asset allocation of Nippon India Banking & Financial Services Fund - Growth - Direct Plan is Stocks : 98.58%, Debt : 1.42% and Gold : 0%

The minimum SIP amount for Nippon India Banking & Financial Services Fund - Growth - Direct Plan is ₹100.00 and minimum lumpsum is ₹5000.00

The exit load for Nippon India Banking & Financial Services Fund - Growth - Direct Plan is 1% on or before 1 months, Nil after 1 months

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