Nippon India Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹647.65+2.18%1 day
- Return since launch
- 19.4%
- 52-week range
- ₹564.04 — ₹677.51
- AUM
- ₹7,367 Cr
Nippon India Banking & Financial Services Fund is a Sectoral-Banking equity fund from Nippon India Mutual Fund with ₹7,367 Cr under management, launched in 2003. Over three years it has returned 7.1% a year, against 12.3% for its category. The expense ratio is 1.93% 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 -0.4% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.0% | +1.2 pts | 1.8% | 7.0% |
| 2Y | 5.4% | −1.6 pts | 7.0% | 7.4% |
| 3Y | 7.1% | −5.2 pts | 12.3% | 7.9% |
| 5Y | 11.6% | +1.7 pts | 9.9% | 10.7% |
| 7Y | 14.8% | +1.8 pts | 12.9% | 12.2% |
| 10Y | 12.9% | +1.0 pts | 11.9% | 11.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 5.5% | −0.7 pts | 6.2% | 6.4% |
| 3M | 0.4% | −0.4 pts | 0.8% | 1.6% |
| 6M | 0.9% | −1.9 pts | 2.8% | 6.2% |
| 1Y | -0.4% | −2.2 pts | 1.8% | 1.6% |
| 2Y | 5.8% | −0.8 pts | 6.7% | 6.7% |
| 3Y | 11.6% | −0.7 pts | 12.3% | 11.3% |
| 5Y | 11.4% | +1.5 pts | 9.9% | 9.2% |
| 7Y | 12.8% | +1.4 pts | 11.3% | 10.0% |
| 10Y | 12.5% | +0.6 pts | 11.9% | 10.8% |
Since launch (8 May 2003): 19.4%
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
1.93%
Expense ratio as on 31 Oct 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.54%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.35%
- 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 | 0.33 | 4.32 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.27 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.35 | 0.64 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.92 | 17.05 | 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 30 Sep 2026
Asset allocation
- Equity99.2%
- Debt0.0%
- Other0.8%
Market cap split
- Large59.0%
- Mid22.1%
- Small18.9%
- P/E
- 17.57
- P/B
- 2.19
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 15.76% | ₹1,161 Cr | +14.01% | +13.74% | +15.97% |
| ICICI Bank Ltd. | Financial | 13.26% | ₹977 Cr | +13.31% | +13.53% | +14.77% |
| Axis Bank Ltd. | Financial | 9.00% | ₹663 Cr | +9.34% | +9.63% | +9.61% |
| State Bank of India | Financial | 4.97% | ₹366 Cr | +5.49% | +6.07% | +7.53% |
| Kotak Mahindra Bank Ltd. | Financial | 4.06% | ₹299 Cr | +3.61% | +3.61% | +2.68% |
| SBI Cards And Payment Services Ltd. | Financial | 3.36% | ₹247 Cr | +2.97% | +3.68% | +3.62% |
| HDFC Asset Management Company Ltd. | Financial | 2.99% | ₹220 Cr | +1.49% | +1.11% | +1.37% |
| Indusind Bank Ltd. | Financial | 2.65% | ₹195 Cr | +2.57% | +2.42% | +2.22% |
| Cholamandalam Financial Holdings Ltd. | Financial | 2.53% | ₹187 Cr | +2.72% | +2.77% | +2.66% |
| ICICI Life Insurance Ltd. | Insurance | 2.49% | ₹184 Cr | +1.33% | +0.69% | +0.75% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.47% | ₹182 Cr | +2.01% | +2.45% | +1.50% |
| Bajaj Finserv Ltd. | Financial | 2.35% | ₹173 Cr | +2.92% | +3.10% | +3.20% |
| Aye Finance Ltd. | Financial | 2.30% | ₹169 Cr | +2.06% | +1.31% | — |
| Max Financial Services Ltd. | Financial | 2.27% | ₹167 Cr | +2.27% | +2.48% | +2.66% |
| PNB Housing Finance Ltd. | Financial | 2.27% | ₹167 Cr | +1.41% | +1.30% | +0.87% |
| Life Insurance Corporation of India | Insurance | 2.25% | ₹166 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 2.15% | ₹158 Cr | +1.20% | +1.43% | +1.87% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 2.04% | ₹150 Cr | +2.00% | +1.67% | — |
| Equitas Small Finance Bank Ltd. | Financial | 2.02% | ₹149 Cr | +2.09% | +1.66% | +1.72% |
| Piramal Finance Ltd. | Financial | 1.93% | ₹142 Cr | +1.39% | +1.14% | — |
| Pine Labs Ltd. | Financial | 1.80% | ₹132 Cr | +1.41% | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.73% | ₹128 Cr | +1.68% | +1.58% | +1.44% |
| Union Bank of India | Financial | 1.71% | ₹126 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 1.67% | ₹123 Cr | +1.14% | +0.74% | +1.08% |
| KFin Technologies Ltd. | Financial | 1.65% | ₹121 Cr | +1.57% | +1.56% | +1.43% |
| Angel One Ltd. | Financial | 1.46% | ₹107 Cr | +1.66% | +1.49% | +1.31% |
| L&T Finance Ltd. | Financial | 1.32% | ₹97.23 Cr | +1.60% | +1.70% | +1.76% |
| Sundaram Finance Ltd. | Financial | 1.22% | ₹89.71 Cr | +1.19% | +0.69% | — |
| Aptus Value Housing Finance India Ltd. | Financial | 1.08% | ₹79.27 Cr | +1.08% | — | — |
| Poonawalla Fincorp Ltd. | Financial | 0.86% | ₹63.42 Cr | +0.75% | — | — |
| Others | Others | 0.81% | ₹61.55 Cr | +0.03% | +0.03% | +0.03% |
| Aavas Financiers Ltd. | Financial | 0.66% | ₹48.49 Cr | +0.78% | +0.64% | +0.91% |
| Seshaasai Technologies Ltd. | Services | 0.54% | ₹39.73 Cr | +0.43% | +0.34% | +0.57% |
| Gaja Alternative Asset Management Ltd. | Financial | 0.37% | ₹27.04 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 12.26% | 15.76% | +3.50% |
| Bajaj Finance Ltd. | 1.67% | 0.00% | -1.67% |
| SBI Life Insurance Company Ltd. | 1.66% | 0.00% | -1.66% |
| ICICI Prudential Asset Management Company Ltd. | 1.41% | 0.00% | -1.41% |
| HDFC Life Insurance Co Ltd. | 1.12% | 2.15% | +1.03% |
| Life Insurance Corporation of India | 1.26% | 2.25% | +0.99% |
| ICICI Life Insurance Ltd. | 1.52% | 2.49% | +0.97% |
| UTI Asset Management Company Ltd. | 0.92% | 0.00% | -0.92% |
| Bajaj Finserv Ltd. | 3.26% | 2.35% | -0.91% |
| State Bank of India | 5.72% | 4.97% | -0.75% |
| Piramal Finance Ltd. | 1.46% | 1.93% | +0.47% |
| HDFC Asset Management Company Ltd. | 2.54% | 2.99% | +0.45% |
| ICICI Bank Ltd. | 13.58% | 13.26% | -0.32% |
| Kotak Mahindra Bank Ltd. | 3.80% | 4.06% | +0.26% |
| PNB Housing Finance Ltd. | 2.02% | 2.27% | +0.25% |
| Pine Labs Ltd. | 1.60% | 1.80% | +0.20% |
| SBI Cards And Payment Services Ltd. | 3.17% | 3.36% | +0.19% |
| L&T Finance Ltd. | 1.49% | 1.32% | -0.17% |
| Aye Finance Ltd. | 2.46% | 2.30% | -0.16% |
| Cholamandalam Financial Holdings Ltd. | 2.40% | 2.53% | +0.13% |
| Indusind Bank Ltd. | 2.78% | 2.65% | -0.13% |
| KFin Technologies Ltd. | 1.77% | 1.65% | -0.12% |
| Axis Bank Ltd. | 8.89% | 9.00% | +0.11% |
| Multi Commodity Exchange Of India Ltd. | 2.37% | 2.47% | +0.10% |
| Poonawalla Fincorp Ltd. | 0.78% | 0.86% | +0.08% |
| Union Bank of India | 1.76% | 1.71% | -0.05% |
| Max Financial Services Ltd. | 2.22% | 2.27% | +0.05% |
| Angel One Ltd. | 1.42% | 1.46% | +0.04% |
| Sundaram Finance Ltd. | 1.18% | 1.22% | +0.04% |
| Aavas Financiers Ltd. | 0.64% | 0.66% | +0.02% |
| One 97 Communications Ltd. | 1.69% | 1.67% | -0.02% |
| Seshaasai Technologies Ltd. | 0.52% | 0.54% | +0.02% |
| Star Health and Allied Insurance Company Ltd. | 2.02% | 2.04% | +0.02% |
| AU Small Finance Bank Ltd. | 1.74% | 1.73% | -0.01% |
| Aptus Value Housing Finance India Ltd. | 1.07% | 1.08% | +0.01% |
| Equitas Small Finance Bank Ltd. | 2.02% | 2.02% | 0.00% |
| Gaja Alternative Asset Management Ltd. | 0.37% | 0.37% | 0.00% |
| 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 | ₹2,911 Cr | 2.17% | 6.1% | 10.4% | 13.4% |
 SBI Banking & Financial Services Fund | ₹10,420 Cr | 2.16% | 5.2% | 9.9% | 13.4% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.1% | 10.5% | 14.7% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 9.0% | 9.5% | 12.1% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 6.8% | 12.1% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 2.3% | 10.2% | — |
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 months0.92% absolute | ₹60,000 | ₹60,552 | 0.92% | |
| 1 year−0.40% annualised | ₹1,20,000 | ₹1,19,740 | −0.22% | |
| 3 years11.57% annualised | ₹3,60,000 | ₹4,32,068 | 20.02% | |
| 5 years11.41% annualised | ₹6,00,000 | ₹8,11,559 | 35.26% |
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 ₹647.65 as on 6 Nov 2026.
What is the expense ratio of Nippon India Banking & Financial Services Fund?
The expense ratio of Nippon India Banking & Financial Services Fund is 1.93% 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 3.0% over 1 year, 7.1% over 3 years and 11.6% 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 ₹8,03,520 Cr under management.