About Nippon India Banking Fund Direct - Dividend Payout
Nippon India Banking Fund Direct - Dividend Payout 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 ₹2,797.23 Crores and the latest NAV decalared is ₹35.079 as on 31 Mar 2020 at 11:35 pm.
Nippon India Banking Fund Direct - Dividend Payout scheme return performance in last 1 year is -42.51%, in last 3 years is -25.78% and 40.75% 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.