Nippon India Nifty Bank Index Fund Regular - IDCW
NAV as of Aug 30, 2024
10.980.38%
(Earn upto 0.63% Extra Returns with Direct Plan)
Fund Category:
Equity: Sectoral-Banking
Expense Ratio:
0.83%(1.14% Category
average)Fund Size:
Rs. 124.34 Cr(0.21% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Nippon India Nifty Bank Index Fund Regular - IDCW
NAV as of Aug 30, 2024
10.980.38%
Expense Ratio:
0.83%
Fund Size:
Rs. 124.34 Cr
Fund Category:
Equity: Sectoral-Banking
1. Current NAV: The Current Net Asset Value of the Nippon India Nifty Bank Index Fund - Regular Plan as of Aug 30, 2024 is Rs 10.98 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 9.37% (since launch). Whereas, Category returns for the same time duration are: 24.78% (1yr), 16.52% (3yr) and 15.59% (5yr).
3. Fund Size: The Nippon India Nifty Bank Index Fund - Regular Plan currently holds Assets under Management worth of Rs 124.34 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.83% for Regular plan as on Aug 20, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 1000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 100.
Nippon India Nifty Bank Index Fund Regular - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -0.22 4.96 11.77 - - - Category Avg 0.03 6.53 11.90 26.24 15.67 15.90 Rank within Category 40 42 38 - - - No. of funds within Category 54 51 49 43 28 18 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Bank Total Return Index
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Nippon India Nifty Bank Index Fund Regular - IDCW Fund Details
Investment Objective - The scheme seeks to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors.
Fund House | Nippon India Mutual Fund |
Launch Date | Feb 22, 2024 |
Benchmark | NIFTY Bank Total Return Index |
Return Since Launch | 9.81% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Nippon India Nifty Bank Index Fund Regular - IDCW Investment Details
Minimum Investment (Rs.) | 1,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
JUL 2024 | JUN 2024 | MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | |
---|---|---|---|---|---|---|
Number of Holdings | 12 | 12 | 12 | 12 | 12 | 12 |
Top 5 Company Holdings | 81.18% | 81.42% | 79.91% | 79.93% | 79.12% | 81.33% |
Top 10 Company Holdings | 96.2% | 96.37% | 96.43% | 96.84% | 95.9% | 97.06% |
Company with Highest Exposure | HDFC Bank (27.36%) | HDFC Bank (28.14%) | HDFC Bank (29.23%) | HDFC Bank (28.98%) | HDFC Bank (28.62%) | HDFC Bank (25.2%) |
Number of Sectors | 1 | 1 | 1 | 1 | 1 | 1 |
Top 3 Sector Holdings | 99.18% | 99.16% | 99.36% | 99.79% | 98.69% | 99.74% |
Top 5 Sector Holdings | 99.18% | 99.16% | 99.36% | 99.79% | 98.69% | 99.74% |
Sector with Highest Exposure | Financial (99.18%) | Financial (99.16%) | Financial (99.36%) | Financial (99.79%) | Financial (98.69%) | Financial (99.74%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 27.36 18.27 89.60 3.03 ICICI Bank Financial 23.87 18.65 65.91 26.26 State Bank of India Financial 10.45 10.55 77.28 41.69 Kotak Mahindra Bank Financial 10.24 16.46 108.21 -0.33 Axis Bank Financial 9.26 13.59 86.50 19.85 Indusind Bank Financial 5.41 12.30 115.88 1.24 The Federal Bank Financial 2.74 11.83 16.46 35.63 Bank of Baroda Financial 2.7 6.77 36.95 30.68 Punjab National Bank Financial 2.11 10.90 10.69 83.53 AU Small Finance Bank Financial 2.06 31.01 22.21 -12.45
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Nippon India Nifty Bank Index Fund Regular - IDCW 10.98 Unrated 124.34 -0.22 - - - Sundaram Financial Services Opportunities Fund Regular-IDCW 33.28 1,409.46 1.38 31.95 18.59 19.23 SBI Banking & Financial Services Fund Regular-IDCW 33.84 5,979.63 0.38 35.24 14.84 16.94 Mirae Asset Banking and Financial Services Fund Regular-IDCW 18.68 1,835.17 -0.49 23.08 14.31 - Nippon India Banking & Financial Services Fund-IDCW 71.78 6,029.38 1.39 27.36 17.87 17.71
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- H.M.Himanshu MangeSince Feb 20241 schemes
Mr. Mange has done B.Com and CA Prior to joining Nippon India MF, he has worked with Tata AIA Life Insurance, Pipalia Singhal & Associates, Felix Solutions, Lodha Group and N.B.Gandhi & Co.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Nippon India Nifty IT Index Fund Regular - IDCW Sectoral-Technology 11.27 Unrated 138.80 -
More Nippon India Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Nippon India Small Cap Fund - Growth | 51,566.11 | 7.45 | 24.60 | 23.92 | 57.71 | 34.49 | |
CPSE ETF-Growth | 41,259.61 | 7.28 | 24.62 | 49.14 | 116.94 | 54.92 | |
Nippon India Liquid Fund-Growth | 33,603.87 | 0.60 | 1.85 | 3.73 | 7.24 | 5.66 | |
Nippon India Liquid Fund Retail-Growth | 33,603.87 | 0.55 | 1.73 | 3.47 | 6.65 | 5.04 | |
Nippon India Multi Cap Fund-Growth | 31,963.02 | 6.90 | 20.26 | 26.14 | 53.62 | 33.03 | |
Nippon India Growth Fund - Growth | 27,931.43 | 8.38 | 23.92 | 22.65 | 59.56 | 31.00 | |
Nippon India Large Cap Fund-Growth | 26,925.10 | 5.17 | 11.45 | 17.49 | 39.66 | 24.65 | |
Nippon India Money Market Fund-Growth | 16,562.01 | 0.63 | 1.93 | 3.92 | 7.49 | 6.02 | |
Nippon India Arbitrage Fund-Growth | 15,157.75 | 0.62 | 1.98 | 4.06 | 7.72 | 5.63 | |
Nippon India ELSS Tax Saver Fund-Growth | 15,026.04 | 6.01 | 15.00 | 19.66 | 45.07 | 22.65 |
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1. Nippon India Nifty Bank Index Fund - Regular Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Nippon India Mutual Fund House.
2. The fund was launched on Feb 22, 2024.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors. "
2. It is benchmarked against NIFTY Bank Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.18% in equities, 0.0% in debts and 0.82% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 96.2% of the assets, the top 3 sectors constitute around 99.18% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Nippon India Nifty Bank Index Fund Regular - IDCW
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Nippon India Nifty Bank Index Fund Regular - IDCW
- Is it safe to invest in Nippon India Nifty Bank Index Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Nippon India Nifty Bank Index Fund - Regular Plan comes under Very High risk category.
- What is the category of Nippon India Nifty Bank Index Fund - Regular Plan?Nippon India Nifty Bank Index Fund - Regular Plan belongs to the Equity : Sectoral-Banking category of funds.
- How Long should I Invest in Nippon India Nifty Bank Index Fund - Regular Plan?The suggested investment horizon of investing into Nippon India Nifty Bank Index Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Nippon India Nifty Bank Index Fund - Regular Plan?The Nippon India Nifty Bank Index Fund - Regular Plan is managed by Himanshu Mange (Since Feb 05, 2024).
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