Nippon India Banking and PSU Debt Fund
Banking and PSUModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹21.95-0.06%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹21.02 — ₹22.04
- AUM
- ₹5,150 Cr
Nippon India Banking and PSU Debt Fund is a Banking and PSU debt fund from Nippon India Mutual Fund with ₹5,150 Cr under management, launched in 2015. Over three years it has returned 5.9% a year, against 6.7% for its category. The expense ratio is 0.78% and the SEBI riskometer reading is Moderate.
Performance
Nippon India Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.4% against +4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.4% | −0.3 pts | 4.7% | 4.6% |
| 2Y | 5.1% | −0.2 pts | 5.3% | 5.3% |
| 3Y | 5.9% | −0.7 pts | 6.7% | 6.1% |
| 5Y | 6.2% | +0.4 pts | 5.8% | 6.3% |
| 7Y | 6.1% | −0.1 pts | 6.1% | 6.1% |
| 10Y | 6.5% | −0.2 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | −0.1 pts | 0.1% | 0.1% |
| 3M | 0.3% | −0.3 pts | 0.6% | 0.6% |
| 6M | 3.0% | +0.1 pts | 3.0% | 3.0% |
| 1Y | 4.4% | −0.2 pts | 4.7% | 4.6% |
| 2Y | 6.0% | −0.1 pts | 6.1% | 6.1% |
| 3Y | 6.6% | 0.0 pts | 6.7% | 6.7% |
| 5Y | 5.8% | −0.1 pts | 5.8% | 5.8% |
| 7Y | 6.5% | +0.1 pts | 6.4% | 6.3% |
| 10Y | 6.8% | +0.1 pts | 6.7% | 6.6% |
Since launch (5 May 2015): 7.1%
Calendar-year returns
Category average10.9%
3.9%
3.2%
6.8%
7.8%
7.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | −0.4 pts | 7.7% |
| 2024 | 7.8% | −0.4 pts | 8.2% |
| 2023 | 6.8% | −0.2 pts | 7.0% |
| 2022 | 3.2% | −0.7 pts | 3.9% |
| 2021 | 3.9% | 0.0 pts | 3.8% |
| 2020 | 10.9% | +0.5 pts | 10.5% |
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
0.78%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.66%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Banking and PSU Debt A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.48 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.79 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.78 | 1.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Nippon India Banking and PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt89.7%
- Other10.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 10.67% | ₹551 Cr | +1.32% | +1.28% | +1.20% |
| National Housing Bank | Financial | 4.46% | ₹230 Cr | +10.47% | +9.99% | +9.66% |
| Power Finance Corporation Ltd. | Financial | 4.46% | ₹230 Cr | +6.16% | +6.12% | +5.92% |
| Export-Import Bank Of India | Financial | 3.86% | ₹198 Cr | +3.68% | +3.56% | +3.68% |
| Power Grid Corporation Of India Ltd. | Energy | 3.75% | ₹193 Cr | +5.13% | +5.22% | +1.35% |
| Indian Railway Finance Corporation Ltd. | Financial | 3.67% | ₹189 Cr | +6.96% | +6.90% | +6.63% |
| REC Ltd. | Financial | 2.64% | ₹136 Cr | +4.84% | +4.80% | +4.62% |
| Union Bank of India | Financial | 1.99% | ₹102 Cr | +1.98% | — | — |
| Nuclear Power Corpn. Of India Ltd. | Energy | 1.95% | ₹100 Cr | +1.94% | +1.92% | +1.85% |
| company:10198 | Financial | 1.94% | ₹99.97 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 1.92% | ₹98.82 Cr | +3.82% | — | — |
| Bajaj Finance Ltd. | Financial | 1.90% | ₹97.69 Cr | — | +0.47% | +0.45% |
| HDFC Bank Ltd. | Financial | 1.45% | ₹74.85 Cr | +0.58% | +0.58% | +0.54% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.45% | ₹74.76 Cr | +1.46% | — | +1.23% |
| Tata Capital Ltd. | Financial | 1.45% | ₹74.68 Cr | +1.46% | — | — |
| Bank Of Baroda | Financial | 1.42% | ₹72.91 Cr | +1.84% | +0.90% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.27% | ₹65.12 Cr | +5.00% | +4.96% | +4.78% |
| Bajaj Housing Finance Ltd. | Financial | 0.98% | ₹50.29 Cr | — | — | +1.35% |
| Canara Bank | Financial | 0.97% | ₹49.88 Cr | +0.92% | — | — |
| Jio Credit Ltd. | Financial | 0.97% | ₹50.04 Cr | — | — | — |
| Tamilnadu State | Others | 0.97% | ₹49.77 Cr | +0.95% | — | +0.28% |
| ICICI Bank Ltd. | Financial | 0.95% | ₹49.02 Cr | +0.94% | +0.93% | +0.45% |
| Siddhivinayak Securitisation Trust | Others | 0.95% | ₹48.85 Cr | +0.95% | +0.94% | — |
| Shivshakti Securitisation Trust | Others | 0.94% | ₹48.59 Cr | +0.95% | +0.95% | — |
| National Bank For Agriculture & Rural Development | Financial | 0.87% | ₹45.16 Cr | +0.87% | +0.87% | +0.84% |
| Kotak Mahindra Prime Ltd. | Financial | 0.77% | ₹39.79 Cr | +0.77% | +0.76% | +0.74% |
| National Highways Authority of India Ltd. | Services | 0.59% | ₹30.47 Cr | +1.16% | +0.96% | +0.94% |
| Gujarat State | Construction | 0.49% | ₹25.34 Cr | +0.49% | +0.49% | — |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.47% | ₹24.45 Cr | +0.47% | +0.47% | +0.45% |
| NTPC Ltd. | Energy | 0.47% | ₹24.05 Cr | +0.46% | +0.46% | +1.81% |
| National Highways Infra Trust | Construction | 0.41% | ₹21.22 Cr | +0.40% | +0.39% | +0.11% |
| NHPC Ltd. | Energy | 0.39% | ₹20.22 Cr | +0.78% | +0.76% | +0.01% |
| National Bank For Financing Infrastructure And Development | Financial | 0.38% | ₹19.35 Cr | +1.30% | +1.30% | +1.25% |
| Numaligarh Refinery Ltd. | Energy | 0.38% | ₹19.44 Cr | +0.37% | +0.37% | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 0.24% | ₹12.34 Cr | +0.24% | +0.24% | — |
| Karnataka State | Others | 0.20% | ₹10.16 Cr | +0.19% | +0.19% | +0.19% |
| Kerala State | Others | 0.20% | ₹10.44 Cr | +0.20% | +0.20% | +0.19% |
| Andhra Pradesh State | Financial | 0.19% | ₹9.96 Cr | +0.19% | +0.19% | +0.09% |
| Maharashtra State | Others | 0.17% | ₹8.99 Cr | +0.17% | +0.17% | +0.75% |
| Tata Capital Housing Finance Ltd. | Financial | 0.10% | ₹4.99 Cr | +0.10% | — | — |
| GOI | Sovereign | 0.07% | ₹3.36 Cr | +0.06% | +0.06% | +0.02% |
| SBI Life Insurance Company Ltd. | Insurance | 0.04% | ₹2.02 Cr | +0.23% | +0.39% | +2.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:10198 | 0.00% | 1.94% | +1.94% |
| Bajaj Finance Ltd. | 0.95% | 1.90% | +0.95% |
| National Bank For Financing Infrastructure And Development | 1.30% | 0.38% | -0.92% |
| HDFC Bank Ltd. | 1.15% | 0.29% | -0.86% |
| Madhya Pradesh State | 0.77% | 0.00% | -0.77% |
| Poonawalla Fincorp Ltd. | 0.76% | 0.00% | -0.76% |
| Tamilnadu State | 0.48% | 0.97% | +0.49% |
| Indian Railway Finance Corporation Ltd. | 2.31% | 1.85% | -0.46% |
| Bank Of Baroda | 1.84% | 1.42% | -0.42% |
| SBI Life Insurance Company Ltd. | 0.23% | 0.04% | -0.19% |
| LIC Housing Finance Ltd. | 0.10% | 0.00% | -0.10% |
| Canara Bank | 0.92% | 0.97% | +0.05% |
| Power Grid Corporation Of India Ltd. | 1.69% | 1.65% | -0.04% |
| REC Ltd. | 2.40% | 2.44% | +0.04% |
| National Housing Bank | 2.49% | 2.53% | +0.04% |
| Nuclear Power Corpn. Of India Ltd. | 1.92% | 1.95% | +0.03% |
| Export-Import Bank Of India | 0.92% | 0.95% | +0.03% |
| Bharti Telecom Ltd. | 1.42% | 1.44% | +0.02% |
| Mahindra & Mahindra Financial Services Ltd. | 1.43% | 1.45% | +0.02% |
| Small Industries Devp. Bank of India Ltd. | 1.15% | 1.17% | +0.02% |
| Tata Capital Ltd. | 1.43% | 1.45% | +0.02% |
| Union Bank of India | 1.97% | 1.99% | +0.02% |
| Bajaj Housing Finance Ltd. | 0.97% | 0.98% | +0.01% |
| GOI | 0.06% | 0.07% | +0.01% |
| ICICI Bank Ltd. | 0.94% | 0.95% | +0.01% |
| Jio Credit Ltd. | 0.96% | 0.97% | +0.01% |
| Kotak Mahindra Prime Ltd. | 0.76% | 0.77% | +0.01% |
| NHPC Ltd. | 0.38% | 0.39% | +0.01% |
| National Highways Authority of India Ltd. | 0.58% | 0.59% | +0.01% |
| Others | 0.33% | 0.34% | +0.01% |
| Power Finance Corporation Ltd. | 1.54% | 1.55% | +0.01% |
| Siddhivinayak Securitisation Trust | 0.94% | 0.95% | +0.01% |
| NTPC Ltd. | 0.46% | 0.47% | +0.01% |
| Shivshakti Securitisation Trust | 0.93% | 0.94% | +0.01% |
| Andhra Pradesh State | 0.19% | 0.19% | 0.00% |
| Gujarat State | 0.49% | 0.49% | 0.00% |
| ICICI Prudential Life Insurance Company Ltd. | 0.24% | 0.24% | 0.00% |
| Karnataka State | 0.20% | 0.20% | 0.00% |
| Kerala State | 0.20% | 0.20% | 0.00% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.47% | 0.47% | 0.00% |
| Maharashtra State | 0.17% | 0.17% | 0.00% |
| National Bank For Agriculture & Rural Development | 0.29% | 0.29% | 0.00% |
| National Highways Infra Trust | 0.41% | 0.41% | 0.00% |
| Numaligarh Refinery Ltd. | 0.38% | 0.38% | 0.00% |
| Tata Capital Housing Finance Ltd. | 0.10% | 0.10% | 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 | ₹5,539 Cr | 0.63% | 5.3% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.6% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.8% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.5% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.7% | 6.8% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Amber SinghaniaMMS Finance (Mumbai University)Prior to joining the Nippon India AMC, he was associated with Asian Markets Securities Pvt. Ltd.
- Pranay SinhaMr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta.Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).
- Vivek SharmaMr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).He has been associated with Nippon India Mutual Fund since 2006.
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 months3.05% absolute | ₹60,000 | ₹61,830 | 3.05% | |
| 1 year4.43% annualised | ₹1,20,000 | ₹1,22,919 | 2.43% | |
| 3 years6.62% annualised | ₹3,60,000 | ₹3,99,221 | 10.89% | |
| 5 years5.76% annualised | ₹6,00,000 | ₹6,96,742 | 16.12% |
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 and PSU Debt Fund?
The NAV of Nippon India Banking and PSU Debt Fund is ₹21.95 as on 25 Sep 2026.
What is the expense ratio of Nippon India Banking and PSU Debt Fund?
The expense ratio of Nippon India Banking and PSU Debt Fund is 0.78% per year.
What is the minimum SIP amount for Nippon India Banking and PSU Debt Fund?
You can start a SIP in Nippon India Banking and PSU Debt Fund with ₹3,000 a month.
What returns has Nippon India Banking and PSU Debt Fund given?
Nippon India Banking and PSU Debt Fund has returned 4.4% over 1 year, 5.9% over 3 years and 6.2% over 5 years (annualised).
Is there a lock-in or exit load on Nippon India Banking and PSU Debt Fund?
Lock-in: None. Exit load: 0%.
How risky is Nippon India Banking and PSU Debt Fund?
Nippon India Banking and PSU Debt Fund is rated Moderate on the SEBI riskometer and belongs to the Banking and PSU category.
Which fund house manages Nippon India Banking and PSU Debt Fund?
Nippon India Banking and PSU Debt Fund is managed by Nippon India Mutual Fund, which runs 75 schemes with ₹7,67,506 Cr under management.