Nippon India Banking & Financial Services Fund Growth

• Alpha -8.03%
• Beta 1.13
• Sharpe Ratio0.80
• Std Deviation 14.65%
• Tracking Error 10.67%

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.

The Nippon India Banking & Financial Services Fund Growth has an AUM of 6282.05 crores & has delivered CAGR of 13.11% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.88%. The minimum investment in Nippon India Banking & Financial Services Fund Growth is Rs 5000 and the minimum SIP is Rs 100.

As per morningstar the risk & return rating of the fund are Moderate & Exceptional respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, Axis Bank & Kotak Mahindra Bank.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Insurance (Life) & Investment Services.

Some of the similar funds are Nippon India Banking & Financial Services Fund Growth, SBI Banking & Financial Services Regular Growth, ICICI Prudential Banking and Financial Services Fund Growth, Aditya Birla Sun Life Banking & Financial Services Regular Growth, HDFC Banking & Financial Services Fund Regular Growth. Nippon India Banking & Financial Services Fund Growth has a sharpe ratio of 0.80 & a standard deviation of 14.65%.