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Nippon India Banking Fund

An open ended equity scheme investing in Banking sector.

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This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related securities of companies in banking sector and companies engaged in allied activities related to banking sector

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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  • 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 Sector and companies engaged in allied activities related to Banking 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.

Fund PerformanceGrowth Plan Growth Option

  • Latest NAV (30 Mar 2020)161.1772


NAV as on Jan 31, 2020: ` 285.9985

​Performance of Nippon India Banking Fund as on 31/01/2020
Particulars1 Year CAGR %3 Year CAGR %5 Year CAGR %Since Inception
Nippon India Banking Fund 10.36 12.71 8.34 22.24
​B: Nifty Bank TRI 13.46 17.05 9.92 20.97
AB: S&P BSE Sensex TRI 13.59 15.16 8.29 18.44
Value of `10000 Invested
Nippon India Banking Fund 11,036 14,319 14,933 2,86,000
B: Nifty Bank TRI 11,346 16,037 16,056 2,40,221
AB: S&P BSE Sensex TRI​ 11,359 15,272 14,895 1,68,738
Inception Date: May 26, 2003
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
​​​Fund Manager: Vinay Sharma (Since Apr 2018)
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​​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Vinay Sharma

Scheme Name/sCAGR %
1 Year Return 3 Years Return5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Nippon India Focused Equity Fund 9.9010.80N.A.N.A.N.A.N.A.
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​​Note​:

a.Mr. Vinay Sharma manages 2 open-ended schemes of Nippon India Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns.

The performance of the equity scheme is benchmarked to the Total Return variant of the Index.

Mr. Vinay Sharma has been managing Nippon India Banking Fund since Apr 2018, Nippon India Focused Equity Fund since May 2018,
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Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other Investment. Dividends (if any) are assumed to be reinvested at the prevailing NAV. In case of LIQUIDBEES, returns are based on gross dividend per unit declared by the Fund. Bonus (if any) declared has been adjusted. Performance of dividend option would be Net of Dividend distribution tax, if any. Face value of scheme is `10/- per unit. Face Value of Nippon India Low Duration Fund is `1000/- per unit. Face Value of Nippon India Money Market Fund, Nippon India Liquid Fund, Nippon India Ultra Short Duration Fund is `1000/- per unit w.e.f 5th Aug 2012. Face value of Nippon India ETF Junior BeES is `1.25/- per unit. Face value of Nippon India ETF Liquid BeES is `1000/- per unit. Face Value of Nippon India ETF Nifty BeES, Nippon India ETF Bank BeES, Nippon India ETF PSU Bank BeES, Nippon India ETF NV20, Nippon India ETF Hang Seng BeES has changed from `10/- per unit to `1/- per unit w.e.f 20th Dec 2019. Face value of Nippon India ETF Gold BeES has changed from `100/- per unit to `1/- per unit w.e.f 20th Dec 2019.​ Face value of Nippon India Overnight Fund is `100/- per unit. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. Schemes which have not completed one year, performance details for the same are not provided. Performance details of closed ended schemes are not provided since these are not comparable with other schemes.​​​​Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

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Fund Details

  • Inception Date26 May 2003
  • Fund ManagerMr Vinay Sharma
Current Investment Philosophy
    • Nippon India Banking fund is a focused banking and financial services sector oriented fund investing across market caps within the sector.
    • The fund is well diversified across sub segments like Private Banks, PSUs, NBFCs, Housing Fin Co’s, Broking houses, etc.
    • The fund endeavors to generate superior alpha through active fund management.
    • The alpha generation is attempted through tactical allocation across various sub segments and differentiated investment ideas.
    • The fund thus attempts to lower risk through diversification while retaining the alpha creation potential.
Minimum Investment
5000.00

    and in multiples of Re. 1 thereafter

Fund Manager
Load Details

Entry Load*:

Not Applicable

*In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, 2009. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load**:

10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load.Redemption of units would be done on First in First out Basis (FIFO):

1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units.

Nil, thereafter wef. 17th March 2020.

**If charged, the same shall be credited to the scheme immediately net of Goods & Service tax, if any.

Product label

This product is suitable for investors who are seeking*:

  • Long term capital growth.
  • Investment in equity and equity related securities of companies in banking sector and companies engaged in allied activities related to banking sector

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them



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Details as on Feb 29 , 2020

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