January 27, 2024
mayank
Nippon India Nifty Bank Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Nippon India Nifty Bank Index Fund Open Date, Close Date?
NFO opens on February 05, 2024
NFO will close on February 16, 2024
What is Fund Investment Strategy?
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.
Basic Details
| Fund House | Nippon India Mutual Fund |
| Issue Open | 05 February 2024 |
| Issue Close | 16 February 2024 |
| Type | Open-ended |
| Category | Equity: Sectoral-Banking |
| Min. Investment(Rs) | 1,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Bank TRI |
What is the Benchmark Index of Nippon India Nifty Bank Index Fund?
The Nifty Bank Index comprises of the most liquid and large Indian Banking stocks. It provides investors and market intermediaries a benchmark that captures the capital market performance of the Indian banks. The Index comprises of maximum 12 companies listed on National Stock Exchange of India (NSE).
Nifty Bank Index is computed using free float market capitalization method.
Nifty Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Bank Total Returns Index.
Portfolio Characteristics
| Methodology | Periodic Capped Free Float |
| No. of Constituents | 12 |
| Launch Date | September 15, 2003 |
| Base Date | January 01, 2000 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi – Annually |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 8.32 | 12.34 | 12.34 | 12.20 | 17.53 |
| Total Return | 8.32 | 13.29 | 13.29 | 12.75 | 19.08 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.69 | 26.09 | 28.97 |
| Beta (NIFTY 50) | 1.10 | 1.23 | 1.09 |
| Correlation (NIFTY 50) | 0.85 | 0.90 | 0.84 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 16.6 | 2.81 | 0.76 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 29.39 |
| ICICI Bank Ltd. | 22.57 |
| Kotak Mahindra Bank Ltd. | 9.92 |
| Axis Bank Ltd. | 9.88 |
| State Bank of India | 9.87 |
| IndusInd Bank Ltd. | 6.43 |
| Bank of Baroda | 2.62 |
| AU Small Finance Bank Ltd. | 2.30 |
| Federal Bank Ltd. | 2.13 |
| IDFC First Bank Ltd. | 2.06 |
Performance Review of the Fund Manager of Nippon India Nifty Bank Index Fund?
1) Himanshu Mange
Education: Mr. Mange has done B.Com and CA
Experience: 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.
Past Performance of his Schemes
| Fund | Nippon India Index Fund – Nifty 50 Plan | It’s Benchmark | Nippon India Nifty 50 Value 20 Index Fund | It’s Benchmark |
| 1 Year | 19.89 | 23.63 | 27.01 | 23.63 |
| 3 Year | 14.73 | 16.98 | — | — |
| 5 Year | 14.73 | 16.48 | — | — |
| 7 Year | 14.02 | 15.47 | — | — |
| 10 Year | 13.15 | 15.01 | — | — |
Which Company Owns Nippon India Nifty Bank Index Fund?
Nippon Life India Asset Management Ltd.
Address: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400013
Website: https://mf.nipponindiaim.com/
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: http://www.karvymfs.com
Is it good to invest in Nippon India Nifty Bank Index Fund?
Guidance for Nippon India Nifty Bank Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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