About Nippon India Banking Fund Direct-Growth
Nippon India Banking Fund Direct-Growth 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 ₹2,951.07 Crores and the latest NAV decalared is ₹300.756 as on 20 Nov 2019 at 9:45 pm.
Nippon India Banking Fund Direct-Growth scheme return performance in last 1 year is 14.04%, in last 3 years is 53.60% and 144.52% 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.