About Nippon India Banking Fund Direct-Dividend Reinvestment
Nippon India Banking Fund Direct-Dividend Reinvestment is a Equity
mutual fund scheme from Nippon India Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Vinay Sharma
. It has an AUM of ₹2,872.34 Crores and the latest NAV decalared is ₹60.526 as on 22 Oct 2019 at 10:15 pm.
Nippon India Banking Fund Direct-Dividend Reinvestment scheme return performance in last 1 year is 11.71%, in last 3 years is 31.75% and 126.30% since scheme launch. The min. SIP amount to invest in this scheme is ₹100.
The scheme aims to generate continuous returns by actively investing in equity, equity related or fixed income securities of banks. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets.