Banking mutual funds: The biggest advantage of sector funds is that if you see potential in a particular sector in the short or long term, then investing can get great returns.
Nippon India Banking gave a return of 76 per cent.
The condition of the economy may have been bad during the Corona period, but the stock market has performed brilliantly. Shares of every sector have made investors rich. There has also been a huge jump in the shares of the banking sector. As per the information available on the website of Value Research, Banking Equity Mutual Funds have given an average return of more than 50 per cent in the last one year.
It is a sectoral mutual fund in which all the money is invested in different stocks of the same sector. As per the information available on the website, ICICI Prudential Banking & Financial Services Plan, Kotak PSU Bank ETF, Nippon India Banking, SBI ETF Nifty Bank and UTI Banking & Finance Services gave more than 50% returns when it comes to Banking Equity Mutual Funds. is. Among these mutual funds, Nippon India Banking has given a return of 76 per cent in the last one year.
This is how the performance has been
Similarly, in the last one year, ICICI Prudential Banking & Financial Fund has gained 74 percent, Aditya Birla Sun Line Banking & Financial Services Fund 71.50 percent, UTI Banking & Financial Services Fund 66 percent, Kotak PSU Bank ETF Plan 67 percent, SBI ETF Nifty Bank has given a return of 65 per cent.
more risk more gain
The biggest advantage of sector funds is that if you see potential in a particular sector in the short or long term, then investing can get great returns. Sectoral mutual funds are very focused and you may have to pay premium for this. The returns are high but the risk is also high. The banking sector has performed brilliantly during the Corona period. Nifty Bank is currently at the level of 35360. When Corona came in March 2020, it had reached the level of 19300.
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