NIPPON INDIA BANKING & FINANCIAL SERVICES FUND(G)

Product name Return type 1 yr(%) 3 yr(%) 5 yr(%)

NIPPON INDIA BANKING & FINANCIAL SERVICES FUND(G)

market linked 36.44 % 20.60 % 12.65 %

BenchMark : Nifty Financial Services - TRI

BenchMark Return 19.16 10.63 11.76

Value of Rs. 1,00,000 Invested

current value 136440 175405 181407
scheme 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 and 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.
Category Mutual Fund > Equity > Sectoral / Thematic
Fund Type Open Ended
Fund Manager Vinay Sharma
Minimum Amount for Lumpsum Investment (Rs.) 5000
Minimum Amount for SIP Investment (Rs.) 5000
Nav Date 27/03/2024
Nav 507.30
AUM (Cr.) 5225.15
AUM Date 29/02/2024
Expense Ratio Currently 2
Expense Ratio Date Currently 29/02/2024
Modified Duration(Yrs) -
Modified Duration Date(Yrs) -
YTM -
YTM Date -
Entry Load NIL
Exit Load 1% on or before 1M, Nil after 1M
Tax Treatment of Income 15% short term capital gains tax, 10% long term capital gains tax on incremental gains above 1 Lac in a given financial year.
Tax Benefit on Investment Not Available
Withdrawal Anytime
Pros
Cons
Risk Factor All investments in mutual funds are subject to market risks and the NAV of the schemes may go up or down depending upon the factors and forces affecting the securities market and there can be no assurance that the fund's objectives will be achieved. Past performance of the Fund does not indicate the future performance of the Schemes of the Fund.
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