Nippon India Banking & Financial Services Fund is a Sectoral fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹7,367 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 9.9% a year and its Regular plan returned 9.0% a year. Its benchmark, Nifty Financial Services TRI, returned 9.8% a year over the same 3 years.
NAV (Direct plan)
₹653.74
▼ 0.82% · 30-10-2026
NAV (Regular plan)
₹591.80
▼ 0.82% · 30-10-2026
Expense ratio
1.11%Direct1.93%Regular
1.11%
A year
Riskometer
Very High
Set by the fund house
3 year return
9.9%Direct9.0%Regular
9.9%
A year
Nippon India Banking & Financial Services Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹653.74 (down 0.82% that day); Regular Plan Growth ₹591.80 (down 0.82% that day).
This fund (Direct plan)
₹653.7406
Nippon India Banking & Financial Services Fund Returns vs Nifty Financial Services TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−2.63%
−7.11%
−4.51%
−8.11%
+9.87%
+10.82%
+12.21%
This fund (Regular)
−2.70%
−7.30%
−4.91%
−8.88%
+8.96%
+9.92%
+11.33%
Nifty Financial Services TRI
+0.30%
−5.63%
−2.88%
−8.88%
+9.77%
+6.64%
+12.73%
Sectoral average
−1.70%
−4.49%
+2.30%
−0.58%
+15.61%
+14.51%
+14.77%
Best in Sectoral
+7.03%
+2.10%
+17.99%
+19.53%
+21.77%
+18.38%
+16.60%
Worst in Sectoral
−7.36%
−8.92%
−7.57%
−9.47%
+9.87%
+10.82%
+12.21%
Rank in Sectoral
11/20
13/19
17/19
15/17
9/9
6/6
5/5
Category rows compare the Direct plans of 20 Sectoral funds. Rank 1 is the highest return.
Nippon India Banking & Financial Services Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Financial Services TRI
2026to date
−9.76%
−10.38%
−9.69%
2025
+18.39%
+17.38%
+18.60%
2024
+11.25%
+10.35%
+10.52%
2023
+25.11%
+24.16%
+14.31%
2022
+21.75%
+20.70%
+10.47%
2021
+30.66%
+29.73%
+14.55%
Nippon India Banking & Financial Services Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,666 periods, one for each trading day from 04-01-2016 to 30-10-2026.
−20%−10%0%10%20%30%40%
Nippon India Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
Nippon India Banking & Financial Services Fund (Direct)Nifty Financial Services TRI
7%
0%
Below 0%
3%
4%
0-5%
11%
12%
5-10%
21%
37%
10-15%
29%
26%
15-20%
16%
16%
20-25%
13%
5%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
3,154
14.5%
−49.9%
116.9%
19%
15.3%
61%
2 years
2,912
17.0%
−24.6%
58.5%
7%
15.3%
64%
3 years
2,666
16.2%
−14.2%
42.6%
7%
14.5%
62%
5 years
2,173
14.3%
−2.7%
34.1%
2%
14.2%
48%
7 years
1,684
13.4%
4.1%
19.3%
0%
14.4%
17%
10 years
941
14.9%
11.3%
20.0%
0%
15.0%
53%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
154
16.8%
−67.7%
104.7%
23%
15.6%
62%
2 years
142
18.3%
−42.6%
56.2%
11%
15.5%
64%
3 years
130
18.8%
−30.0%
28.3%
6%
16.1%
69%
5 years
106
15.4%
−12.3%
25.8%
8%
15.4%
57%
7 years
82
14.9%
−2.7%
20.1%
4%
14.6%
50%
10 years
46
15.5%
12.9%
17.1%
0%
14.6%
85%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Financial Services TRI over the same days. Past returns do not promise future returns.
Nippon India Banking & Financial Services Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
−8.11%
−8.88%
Standard deviation
16.74%
17.58%
Sharpe ratio
-0.80
-0.80
Sortino ratio
-1.09
-1.11
Maximum drawdown
−16.7%
(31-03-2026)
−17.3%
(30-03-2026)
Beta
0.92
1.00
Alpha
−0.32%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Nippon India Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+9.87%
+9.77%
Standard deviation
15.26%
16.24%
Sharpe ratio
0.25
0.23
Sortino ratio
0.35
0.32
Maximum drawdown
−16.7%
(31-03-2026)
−17.3%
(30-03-2026)
Beta
0.90
1.00
Alpha
+0.46%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Nippon India Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+10.82%
+6.64%
Standard deviation
16.09%
16.70%
Sharpe ratio
0.31
0.05
Sortino ratio
0.43
0.07
Maximum drawdown
−17.4%
(20-06-2022)
−21.4%
(16-06-2022)
Beta
0.91
1.00
Alpha
+4.26%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Nippon India Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+12.21%
+12.73%
Standard deviation
20.28%
20.60%
Sharpe ratio
0.34
0.36
Sortino ratio
0.45
0.49
Maximum drawdown
−50.6%
(22-05-2020)
−43.5%
(23-03-2020)
Beta
0.92
1.00
Alpha
+0.04%
0.00%
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Nippon India Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+12.85%
+12.87%
Standard deviation
20.73%
21.02%
Sharpe ratio
0.33
0.32
Sortino ratio
0.45
0.45
Maximum drawdown
−50.6%
(22-05-2020)
−43.5%
(23-03-2020)
Beta
0.93
1.00
Alpha
+0.47%
0.00%
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−60%−50%−40%−30%−20%−10%0%
Nippon India Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
2014201620182020202220242026
Nippon India Banking & Financial Services Fund (Direct)Nifty Financial Services TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Nippon India Banking & Financial Services Fund (Direct)
−50.6%
27-05-2019
22-05-2020
08-02-2021
9 months
−12.1%
Nifty Financial Services TRI
−43.5%
02-01-2020
23-03-2020
15-12-2020
9 months
−12.4%
From the Direct plan's daily NAV since 02-01-2013, adjusted for unit splits, and Nifty Financial Services TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Nippon India Banking & Financial Services Fund vs Other Sectoral Funds
The five Sectoral funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Nippon India Banking & Financial Services Fund Expense Ratio and Costs
What each plan charges a year, in force from 19-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Sectoral median
Cost rank (1 = cheapest)
Direct
0.83%
0.04%
0.00%
0.24%
1.11%
1.07%
12/20
Regular
1.54%
0.04%
0.00%
0.35%
1.93%
2.51%
2/20
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Sectoral funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−8.88%
−8.11%
0.77%
₹91,120
₹91,890
3 years
8.96%
9.87%
0.91% a year
₹1,29,360
₹1,32,629
5 years
9.92%
10.82%
0.90% a year
₹1,60,466
₹1,67,144
10 years
11.33%
12.21%
0.88% a year
₹2,92,497
₹3,16,458
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Nippon India Banking & Financial Services Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNippon India Banking & Financial Services Fund (Direct)
₹16,60,000
₹44,24,659
₹27,64,659
13.2%
Regular planNippon India Banking & Financial Services Fund (Regular)
Direct planNippon India Banking & Financial Services Fund (Direct)Regular planNippon India Banking & Financial Services Fund (Regular)Nifty Financial Services TRICategory averageCategory average, 20 Sectoral fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Nippon India Banking & Financial Services Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
99.2%Equity
Asset
Fund
Category
Equity
99.2%
95.6%
Cash and others
0.8%
3.7%
Market cap of stocks
Market cap
Fund
Category
Large Cap
58.5%
44.1%
Mid Cap
22.0%
21.8%
Small Cap
18.4%
26.9%
Not on AMFI's list
0.4%
2.3%
Share of the whole fund. Category: the average of the Sectoral funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Nippon India Banking & Financial Services Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks55.2%
Finance19.9%
Insurance11.2%
Capital Markets8.9%
Financial Technology (Fintech)4.0%
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
51.9%
52.5%
55.2%
+3.3%
Finance
22.3%
21.6%
19.9%
−2.4%
Insurance
10.9%
9.8%
11.2%
+0.2%
Capital Markets
10.1%
10.8%
8.9%
−1.2%
Financial Technology (Fintech)
3.2%
3.8%
4.0%
+0.8%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Nippon India Banking & Financial Services Fund Portfolio Holdings
As on 30-09-2026 · 33 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
HDFC Bank Limited
Banks
15.76%
+19.7%
ICICI Bank Limited
Banks
13.26%
0.0%
Axis Bank Limited
Banks
9.00%
0.0%
State Bank of India
Banks
4.97%
−10.5%
Kotak Mahindra Bank Limited
Banks
4.06%
0.0%
SBI Cards and Payment Services Limited
Finance
3.36%
+9.8%
HDFC Asset Management Company Limited
Capital Markets
2.99%
+26.1%
IndusInd Bank Limited
Banks
2.65%
0.0%
Cholamandalam Financial Holdings Limited
Finance
2.53%
+5.2%
ICICI Prudential Life Insurance Company Limited
Insurance
2.49%
+78.6%
Multi Commodity Exchange of India Limited
Capital Markets
2.47%
0.0%
Bajaj Finserv Limited
Finance
2.35%
−21.6%
Aye Finance Limited
Finance
2.30%
0.0%
Max Financial Services Limited
Insurance
2.27%
+8.9%
PNB Housing Finance Limited
Finance
2.27%
+7.2%
Life Insurance Corporation Of India
Insurance
2.25%
+76.1%
HDFC Life Insurance Company Limited
Insurance
2.15%
+87.0%
Star Health And Allied Insurance Company Limited
Insurance
2.04%
0.0%
Equitas Small Finance Bank Limited
Banks
2.02%
0.0%
Piramal Finance Limited
Finance
1.93%
+39.2%
Pine Labs Limited
Financial Technology (Fintech)
1.80%
0.0%
AU Small Finance Bank Limited
Banks
1.73%
0.0%
Union Bank of India
Banks
1.71%
0.0%
One 97 Communications Limited
Financial Technology (Fintech)
1.67%
−5.5%
KFin Technologies Limited
Capital Markets
1.65%
0.0%
Angel One Limited
Capital Markets
1.46%
0.0%
L&T Finance Limited
Finance
1.32%
0.0%
Sundaram Finance Limited
Finance
1.22%
0.0%
Aptus Value Housing Finance India Limited
Finance
1.08%
0.0%
Poonawalla Fincorp Limited
Finance
0.86%
+7.5%
Aavas Financiers Limited
Finance
0.66%
0.0%
Seshaasai Technologies Limited
Financial Technology (Fintech)
0.54%
0.0%
Gaja Alternative Asset Management Ltd
Capital Markets
0.37%
0.0%
Nippon India Banking & Financial Services Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Limited
↑Added
+19.7%
15.76%
State Bank of India
↓Reduced
−10.5%
4.97%
SBI Cards and Payment Services Limited
↑Added
+9.8%
3.36%
Bajaj Finserv Limited
↓Reduced
−21.6%
2.35%
HDFC Asset Management Company Limited
↑Added
+26.1%
2.99%
Cholamandalam Financial Holdings Limited
↑Added
+5.2%
2.53%
ICICI Prudential Life Insurance Company Limited
↑Added
+78.6%
2.49%
Max Financial Services Limited
↑Added
+8.9%
2.27%
PNB Housing Finance Limited
↑Added
+7.2%
2.27%
Life Insurance Corporation Of India
↑Added
+76.1%
2.25%
HDFC Life Insurance Company Limited
↑Added
+87.0%
2.15%
Piramal Finance Limited
↑Added
+39.2%
1.93%
One 97 Communications Limited
↓Reduced
−5.5%
1.67%
Bajaj Finance Limited
↓Sold out
−100%
was 1.67%
SBI Life Insurance Company Limited
↓Sold out
−100%
was 1.66%
ICICI Prudential Asset Management Company Limited
↓Sold out
−100%
was 1.41%
UTI Asset Management Company Limited
↓Sold out
−100%
was 0.92%
Poonawalla Fincorp Limited
↑Added
+7.5%
0.86%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Nippon India Banking & Financial Services Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.11%
Expense ratio (Regular)
1.93%
Category
Sectoral
Risk
Very High
Benchmark
Nifty Financial Services TRI
Launch date
26-05-2003
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹7,366.72 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
118589
ISIN (Direct)
INF204K01XO1
Scheme code (Regular)
101862
ISIN (Regular)
INF204K01927
NAV history
From 02-01-2013, 13.8 years
Exit load
Exit load of 1%, if redeemed within 1 month.
Tax on Nippon India Banking & Financial Services Fund returns
Nippon India Banking & Financial Services Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Bonus
₹653.7406
30-10-2026
direct
Growth
₹653.7406
30-10-2026
direct
IDCW
₹94.9513
30-10-2026
regular
Bonus
₹591.7991
30-10-2026
regular
Growth
₹591.7991
30-10-2026
regular
IDCW
₹62.7485
30-10-2026
About Nippon India Banking & Financial Services Fund
Nippon India Banking & Financial Services Fund is a mutual fund from Nippon India Mutual Fund. Its category is Sectoral. It was launched on 26-05-2003. Its benchmark is Nifty Financial Services TRI. At the end of September 2026 it held 33 securities.
Fund Manager
Vinay Sharma
Fund manager of Nippon India Banking & Financial Services Fund
Bhavik Dave
Fund manager of Nippon India Banking & Financial Services Fund
Frequently Asked Questions for Nippon India Banking & Financial Services Fund
What is the current NAV of Nippon India Banking & Financial Services Fund?
The Direct plan NAV is ₹653.7406. The Regular plan NAV is ₹591.7991, as on 30-10-2026.
What are the returns of Nippon India Banking & Financial Services Fund?
The Direct plan returned −8.11% in 1 year, +9.87% a year over 3 years, +10.82% a year over 5 years. The Regular plan returned −8.88% in 1 year, +8.96% a year over 3 years, +9.92% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Nippon India Banking & Financial Services Fund?
The Direct plan charges 1.11% a year. The Regular plan charges 1.93% a year. This is the figure the fund house reported to AMFI, in force from 19-10-2026.
What is the AUM of Nippon India Banking & Financial Services Fund?
Nippon India Banking & Financial Services Fund managed ₹7,366.72 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Banking & Financial Services Fund?
At the end of September 2026 the largest holdings were HDFCBANK (15.76%), ICICIBANK (13.26%), AXISBANK (9.00%), SBIN (4.97%), KOTAKBANK (4.06%). The fund held 33 securities in all.
What did Nippon India Banking & Financial Services Fund buy and sell in September 2026?
It sold out of 4: UTI Asset Management Company Limited, SBI Life Insurance Company Limited, Bajaj Finance Limited, ICICI Prudential Asset Management Company Limited. It added shares in 11. It reduced 3.
How do I invest in Nippon India Banking & Financial Services Fund?
Through Nippon India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of Nippon India Banking & Financial Services Fund?
Vinay Sharma, Bhavik Dave.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
Track Nippon India Banking & Financial Services Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.