Nippon India Banking & PSU Fund - Weekly IDCW Option

Nippon India Banking & PSU Fund - Weekly IDCW Option is a scheme launched by Nippon Mutual Fund on May 15, 2015, and falls under the PSU Themes fund category. It currently manages an AUM of Rs 5,547.8 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 5000. It charges an expense ratio of 0.76% for managing the portfolio.

• Investing Strategy:

  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 (PFIs).

• Performance:

  Nippon India Banking & PSU Fund - Weekly IDCW Option trailing returns over different times are 0.61% (1 year), 0.34% (3 year) and -0.16% (5 year). The average annual return of this fund stands at 0.77%.