About Nippon India Banking & PSU Debt Fund Direct - Dividend Payout
Nippon India Banking & PSU Debt Fund Direct - Dividend Payout 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 Prashant R Pimple
and Hardik Shah
. It has an AUM of ₹4,517.29 Crores and the latest NAV decalared is ₹15.517 as on 29 May 2020 at 6:23 pm.
Nippon India Banking & PSU Debt Fund Direct - Dividend Payout scheme return performance in last 1 year is 12.27%, in last 3 years is 29.70% and 54.93% 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.