Nippon India Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹622.25+0.08%1 day
- Return since launch
- 19.5%
- 52-week range
- ₹564.04 — ₹677.51
- AUM
- ₹7,910 Cr
Nippon India Banking & Financial Services Fund is a Sectoral-Banking equity fund from Nippon India Mutual Fund with ₹7,910 Cr under management, launched in 2003. Over three years it has returned 5.2% a year, against 10.8% for its category. The expense ratio is 1.88% and the SEBI riskometer reading is Very High.
Performance
Nippon India Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.3% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -5.5% | −8.9 pts | 3.4% | -4.1% |
| 2Y | 1.3% | −1.0 pts | 2.2% | 1.9% |
| 3Y | 5.2% | −5.6 pts | 10.8% | 4.9% |
| 5Y | 10.7% | +1.1 pts | 9.6% | 9.1% |
| 7Y | 14.3% | +2.1 pts | 12.3% | 11.2% |
| 10Y | 12.5% | +1.2 pts | 11.3% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.1% | −0.1 pts | -5.0% | -4.3% |
| 3M | -3.8% | −0.3 pts | -3.5% | -3.4% |
| 6M | 6.6% | −0.7 pts | 7.4% | 7.3% |
| 1Y | 1.3% | −2.2 pts | 3.4% | 2.1% |
| 2Y | 0.8% | −0.6 pts | 1.4% | 0.8% |
| 3Y | 10.4% | −0.4 pts | 10.8% | 9.4% |
| 5Y | 11.6% | +1.9 pts | 9.6% | 8.7% |
| 7Y | 12.5% | +1.5 pts | 11.0% | 9.7% |
| 10Y | 11.9% | +0.6 pts | 11.3% | 10.1% |
Since launch (8 May 2003): 19.5%
Calendar-year returns
Category average-10.6%
29.7%
20.7%
24.2%
10.3%
17.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 17.4% | −1.2 pts | 18.6% |
| 2024 | 10.3% | −1.7 pts | 12.0% |
| 2023 | 24.2% | +2.7 pts | 21.4% |
| 2022 | 20.7% | +4.2 pts | 16.5% |
| 2021 | 29.7% | +13.3 pts | 16.4% |
| 2020 | -10.6% | −10.5 pts | -0.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.89%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.53%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- Exit load
- Exit load of 1%, if redeemed within 1 month.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.85 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.51 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.63 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.20 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.6%
- Debt0.0%
- Other1.4%
Market cap split
- Large59.8%
- Mid20.7%
- Small19.5%
- P/E
- 19.05
- P/B
- 2.35
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 13.58% | ₹1,074 Cr | +12.73% | +13.04% | +15.75% |
| HDFC Bank Ltd. | Financial | 12.26% | ₹970 Cr | +12.63% | +14.24% | +16.92% |
| Axis Bank Ltd. | Financial | 8.89% | ₹703 Cr | +9.35% | +9.80% | +9.12% |
| State Bank of India | Financial | 5.72% | ₹452 Cr | +5.40% | +6.51% | +7.00% |
| Kotak Mahindra Bank Ltd. | Financial | 3.80% | ₹301 Cr | +3.55% | +3.10% | +2.26% |
| Bajaj Finserv Ltd. | Financial | 3.26% | ₹258 Cr | +3.06% | +3.23% | +3.14% |
| SBI Cards And Payment Services Ltd. | Financial | 3.17% | ₹251 Cr | +3.27% | +3.83% | +3.41% |
| Indusind Bank Ltd. | Financial | 2.78% | ₹220 Cr | +2.66% | +2.63% | +2.29% |
| HDFC Asset Management Company Ltd. | Financial | 2.54% | ₹201 Cr | +1.57% | +1.15% | +1.39% |
| Aye Finance Ltd. | Financial | 2.46% | ₹195 Cr | +1.80% | +1.40% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 2.40% | ₹190 Cr | +2.72% | +2.48% | +2.50% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.37% | ₹187 Cr | +2.74% | +2.14% | +1.46% |
| Max Financial Services Ltd. | Financial | 2.22% | ₹176 Cr | +2.51% | +2.58% | +2.78% |
| Equitas Small Finance Bank Ltd. | Financial | 2.02% | ₹159 Cr | +2.03% | +1.76% | +1.55% |
| PNB Housing Finance Ltd. | Financial | 2.02% | ₹160 Cr | +1.46% | +1.05% | +0.63% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 2.02% | ₹160 Cr | +1.88% | +1.03% | — |
| KFin Technologies Ltd. | Financial | 1.77% | ₹140 Cr | +1.61% | +1.45% | +1.43% |
| Union Bank of India | Financial | 1.76% | ₹139 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.74% | ₹137 Cr | +1.67% | +1.54% | +1.45% |
| One97 Communications Ltd. | Services | 1.69% | ₹134 Cr | +1.02% | +0.72% | +1.32% |
| Bajaj Finance Ltd. | Financial | 1.67% | ₹132 Cr | +1.65% | +1.71% | +2.43% |
| SBI Life Insurance Company Ltd. | Insurance | 1.66% | ₹131 Cr | +3.29% | +3.50% | +4.35% |
| Pine Labs Ltd. | Financial | 1.60% | ₹126 Cr | +1.36% | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.52% | ₹120 Cr | +1.43% | +0.76% | +0.78% |
| L&T Finance Ltd. | Financial | 1.49% | ₹118 Cr | +1.67% | +1.90% | +1.57% |
| Piramal Finance Ltd. | Financial | 1.46% | ₹115 Cr | +1.43% | +0.93% | — |
| Others | Others | 1.44% | ₹116 Cr | 0.00% | +0.03% | 0.00% |
| Angel One Ltd. | Financial | 1.42% | ₹112 Cr | +1.77% | +1.31% | +1.40% |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 1.41% | ₹112 Cr | +2.54% | +2.51% | — |
| company:5765 | Insurance | 1.26% | ₹99.66 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 1.18% | ₹93.52 Cr | +0.60% | +0.63% | — |
| HDFC Life Insurance Co Ltd. | Insurance | 1.12% | ₹88.28 Cr | +1.30% | +1.48% | +1.96% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.07% | ₹84.84 Cr | +1.05% | — | — |
| UTI Asset Management Company Ltd. | Financial | 0.92% | ₹72.47 Cr | +1.44% | +1.43% | +2.11% |
| Poonawalla Fincorp Ltd. | Financial | 0.78% | ₹61.63 Cr | +0.68% | — | — |
| Aavas Financiers Ltd. | Financial | 0.64% | ₹50.46 Cr | +0.72% | +0.65% | +0.87% |
| Seshaasai Technologies Ltd. | Services | 0.52% | ₹41.43 Cr | +0.38% | +0.33% | — |
| company:20817 | Financial | 0.37% | ₹29.15 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| SBI Life Insurance Company Ltd. | 3.22% | 1.66% | -1.56% |
| Union Bank of India | 0.37% | 1.76% | +1.39% |
| company:5765 | 0.00% | 1.26% | +1.26% |
| HDFC Bank Ltd. | 13.16% | 12.26% | -0.90% |
| Power Finance Corporation Ltd. | 0.87% | 0.00% | -0.87% |
| ICICI Lombard General Insurance Company Ltd. | 0.72% | 0.00% | -0.72% |
| Multi Commodity Exchange Of India Ltd. | 1.91% | 2.37% | +0.46% |
| Aye Finance Ltd. | 2.01% | 2.46% | +0.45% |
| PNB Housing Finance Ltd. | 1.61% | 2.02% | +0.41% |
| company:20817 | 0.00% | 0.37% | +0.37% |
| One97 Communications Ltd. | 1.34% | 1.69% | +0.35% |
| Axis Bank Ltd. | 8.55% | 8.89% | +0.34% |
| ICICI Bank Ltd. | 13.92% | 13.58% | -0.34% |
| HDFC Asset Management Company Ltd. | 2.24% | 2.54% | +0.30% |
| ICICI Prudential Asset Management Company Ltd. | 1.66% | 1.41% | -0.25% |
| Pine Labs Ltd. | 1.38% | 1.60% | +0.22% |
| Kotak Mahindra Bank Ltd. | 3.60% | 3.80% | +0.20% |
| UTI Asset Management Company Ltd. | 1.09% | 0.92% | -0.17% |
| Bajaj Finance Ltd. | 1.83% | 1.67% | -0.16% |
| Star Health and Allied Insurance Company Ltd. | 2.17% | 2.02% | -0.15% |
| SBI Cards And Payment Services Ltd. | 3.31% | 3.17% | -0.14% |
| Piramal Finance Ltd. | 1.32% | 1.46% | +0.14% |
| Cholamandalam Financial Holdings Ltd. | 2.53% | 2.40% | -0.13% |
| HDB Financial Services Ltd. | 0.10% | 0.00% | -0.10% |
| KFin Technologies Ltd. | 1.68% | 1.77% | +0.09% |
| Angel One Ltd. | 1.50% | 1.42% | -0.08% |
| State Bank of India | 5.64% | 5.72% | +0.08% |
| Aptus Value Housing Finance India Ltd. | 1.15% | 1.07% | -0.08% |
| Bajaj Finserv Ltd. | 3.33% | 3.26% | -0.07% |
| Max Financial Services Ltd. | 2.15% | 2.22% | +0.07% |
| Equitas Small Finance Bank Ltd. | 2.09% | 2.02% | -0.07% |
| Sundaram Finance Ltd. | 1.24% | 1.18% | -0.06% |
| Aavas Financiers Ltd. | 0.70% | 0.64% | -0.06% |
| AU Small Finance Bank Ltd. | 1.70% | 1.74% | +0.04% |
| Indusind Bank Ltd. | 2.82% | 2.78% | -0.04% |
| Seshaasai Technologies Ltd. | 0.48% | 0.52% | +0.04% |
| HDFC Life Insurance Co Ltd. | 1.15% | 1.12% | -0.03% |
| ICICI Prudential Life Insurance Company Ltd. | 1.54% | 1.52% | -0.02% |
| L&T Finance Ltd. | 1.47% | 1.49% | +0.02% |
| Poonawalla Fincorp Ltd. | 0.79% | 0.78% | -0.01% |
| Others | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -1.0% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.6% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.5% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -3.1% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.2% | 15.4% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.1% | 8.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Bhavik DaveMr. Dave is a BBA and PGDMPrior joining to Nippon India Mutual Fund he has worked with Motilal Oswal Securities Limited - Research Associate (Institutional Equities), Crisil Global Analytics Centre - Credit Analyst â US Oil & Gas Sector, Grantham Mayo, Van Otterloo & Co. - Research Associate Internship.
- Vinay SharmaMr. Sharma is B.Arch & PGDCMPrior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months6.64% absolute | ₹60,000 | ₹63,984 | 6.64% | |
| 1 year1.27% annualised | ₹1,20,000 | ₹1,20,829 | 0.69% | |
| 3 years10.37% annualised | ₹3,60,000 | ₹4,23,808 | 17.72% | |
| 5 years11.57% annualised | ₹6,00,000 | ₹8,15,141 | 35.86% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Nippon India Banking & Financial Services Fund?
The NAV of Nippon India Banking & Financial Services Fund is ₹622.25 as on 25 Sep 2026.
What is the expense ratio of Nippon India Banking & Financial Services Fund?
The expense ratio of Nippon India Banking & Financial Services Fund is 1.88% per year.
What is the minimum SIP amount for Nippon India Banking & Financial Services Fund?
You can start a SIP in Nippon India Banking & Financial Services Fund with ₹3,000 a month.
What returns has Nippon India Banking & Financial Services Fund given?
Nippon India Banking & Financial Services Fund has returned -5.5% over 1 year, 5.2% over 3 years and 10.7% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Banking & Financial Services Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 1 month..
How risky is Nippon India Banking & Financial Services Fund?
Nippon India Banking & Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages Nippon India Banking & Financial Services Fund?
Nippon India Banking & Financial Services Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.