Nippon India Banking & Financial Services Fund - Direct Plan Growth Plan - Growth Option
As on 21 Nov 2024
Nippon India Banking & Financial Services Fund - Direct Plan Growth Plan - Growth Option
EquityNAV
₹ 607.97
CAGR (3 Years)
16.47%
AUM (Cr)
₹ 6,237.85
Risk
Very High Risk
About Nippon India Banking & Financial Services Fund - Direct Plan Growth Plan - Growth Option
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 s
Breakdown of this Fund
Banks
131.92%
Debt Others
3.34%
E-Commerce/App based Aggregator
2.44%
Finance
42.24%
Financial Services
5.25%
Insurance
12.66%
Stock/ Commodity Brokers
2.15%
Market Capitalization
Expense Ratio, Exit Load and Tax
Expense Ratio
1.12
Exit Load
1% if redeemed or switchd out on or efore completion of 1 Months from the date o...
Stamp Duty
0.005% (from July 1st, 2020)
Tax Implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.