About Nippon India Banking & PSU Debt Fund Direct-Dividend Weekly
Nippon India Banking & PSU Debt Fund Direct-Dividend Weekly is a Debt
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 15 May 2015 and is currently managed by its fund managers Anju Chhajer
and Vivek Sharma
. It has an AUM of ₹3,400.86 Crores and the latest NAV decalared is ₹10.267 as on 18 Oct 2019 at 10:50 pm.
Nippon India Banking & PSU Debt Fund Direct-Dividend Weekly scheme return performance in last 1 year is 12.35%, in last 3 years is 25.85% and 44.58% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme seeks to generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions.