3 Year return
6.19%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderate Risk
Asset Under Management
₹5337.37 Cr.
Expense Ratio
0.38% (inclusive of GST)
Exit Load
Nil
Tax Implications
Tax on gains as per your income tax bracket
Fund Holdings
Nippon India Mutual Fund Managers
PS
Pranay Sinha
Fund Manager since Jun 2018
Fund House Details
Nippon India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
UTI Banking and PSU Fund |
8.23% |
4 |
Edelweiss Banking and PSU Debt Fund |
6.02% |
3 |
ICICI Prudential Banking and PSU Debt Fund |
6.6% |
5 |
Schemes by Nippon India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
Nippon India Arbitrage Fund Direct Plan Monthly IDCW Payout
Hybrid . Arbitrage Fund
Nippon India Arbitrage Fund Direct Plan Monthly IDCW Reinvestment
Hybrid . Arbitrage Fund
Nippon India Arbitrage Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
Nippon India Arbitrage Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Nippon India Arbitrage Fund Direct Plan Growth
About Nippon India Banking & PSU Debt Fund Direct Plan Growth Plan Growth
The Nippon India Banking & PSU Debt Fund Direct Plan Growth Plan Growth is a debt mutual fund. It is a direct plan, which means that investors can buy and sell units directly from the fund house, without the involvement of a broker. The fund invests primarily in debt securities issued by banks, public sector undertakings (PSUs), and public financial institutions. The Nippon India Banking & PSU Debt Fund Direct Plan Growth Plan Growth is an open-ended fund. The expense ratio of the Nippon India Banking & PSU Debt Fund Direct Plan Growth Plan Growth is lower than the average expense ratio.
Investment Objectives of the Scheme
The investment objective of the fund is to generate income by investing in debt and money market instruments of various maturities. The fund aims to achieve this objective by investing at least 80% of its assets in debt securities issued by banks, PSUs, and public financial institutions.
Key Features of The Fund
5-year return | 7.06% |
Expense Ratio | 0.38% |
Fund Manager | Pranay Sinha |
Fund Size | ₹5337.37 Cr |
Risk Profile | Moderate |
Is This Scheme Right for Me?
This fund is suitable for investors who are looking for a steady income with moderate risk. The fund's investment in debt securities issued by banks and PSUs provides a good balance of safety and income. However, it is important to note that debt funds are not completely risk-free and can lose money, especially in times of market volatility.
AMC Contact Details
Name | Nippon India Mutual Fund |
Launch Date | June 1995 |
Addresss | Nippon Life India Asset Management Limited, 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai – 400 013 |
Contact | 1860 266 0111 |
customercare@nipponindiaim.in | |
Website | https://mf.nipponindiaim.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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How do I invest in Nippon India Banking & PSU Debt FundBonus?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Nippon India Banking & PSU Debt FundBonus?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Nippon India Banking & PSU Debt FundBonus?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Nippon India Banking & PSU Debt FundBonus?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.