Nippon India Banking & Financial Services Fund Direct IDCW NAV today
AMFI: 118591ISIN: INF204K01XM5MUTF_IN: NIPP_INDI_BANK_L2AO8KNippon India Mutual FundSectoral / Thematic funds
Formerly Nippon India Banking Fund, Reliance Banking & Financial Services Fund, Reliance Banking Fund
NAV ₹94.7923
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹7,367 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.11%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- 1%if sold within 1 month
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 17.430 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 3330 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 26 May 2003
Nippon India Banking & Financial Services Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −4.51% | −3.87% | – | – | – |
| 1 month | −7.37% | −4.54% | 93 of 254 | −8.23% | −9.5% to −6.6% |
| 3 months | −6.93% | −5.93% | 157 of 250 | −6.23% | −7.7% to −4.3% |
| 6 months | −7.01% | −6.29% | 202 of 250 | −3.43% | −6.3% to +2.1% |
| 1 year | −8.42% | −10.64% | 162 of 228 | −5.19% | −9.3% to +0.6% |
| 3 years | +9.98% | +8.98% | 95 of 141 | +12.40% | +8.6% to +16.8% |
| 5 years | +10.28% | +5.78% | 57 of 106 | +10.89% | +8.1% to +14.6% |
| 10 years | +12.08% | +12.56% | 48 of 70 | +13.74% | +11.5% to +15.5% |
₹10,000 put in on 2 Jan 2013 is ₹53,061 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Financial Services TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | −0.43% | −4.42% |
| 3 years | +10.26% | +8.58% |
| 5 years | +12.19% | +7.13% |
| 10 years | +12.63% | +12.82% |
| Since launch | +19.73% | – |
Benchmark: Nifty Financial Services TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Financial Services TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
- Loss
Highest year to Dec 2014, +66.0%; lowest year to Dec 2020, −9.9%Above the benchmark in 7 of 12 years
Nippon India Banking & Financial Services Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,11,950₹1,11,944 after stamp duty | −12.70% | −12.71% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,70,846₹3,70,827 after stamp duty | +1.97% | +1.96% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,52,309₹7,52,271 after stamp duty | +9.06% | +9.06% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹22,61,737₹22,61,680 after stamp duty | +12.22% | +12.22% | ₹38 | |
| Since Jan 2013165 instalments | ₹16,50,000 | ₹43,64,192₹43,64,135 after stamp duty | +13.19% | +13.19% | ₹38 |
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 2 Jan 2013 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year3,151 windows−49.6%+18.8%+116.3%80.9%
3 years2,663 windows−14.2%+15.7%+42.6%92.8%
5 years2,170 windows−2.7%+14.7%+34.1%98.4%
10 years938 windows+11.3%+15.2%+20.0%100.0%
Every 10-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Nippon India Banking & Financial Services Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.82 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.09%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.92%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.59%, May 2020.Direct plan lowest 0.69%, Mar 2022.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.83% | 1.54% |
| Brokerage | 0.04% | 0.04% |
| Transaction costs | None | None |
| Statutory levies | 0.24% | 0.35% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP dates
- 1st to 31st of a month
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years)
- SIP instalments, at least
- 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year
As listed for this plan on 24 Oct 2026.
Nippon India Banking & Financial Services Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹7,795 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 19.9%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2010.
Assets at each month end
Highest ₹7,910 Cr, Aug 2026.Lowest ₹1,699 Cr, Mar 2020.
Nippon India Banking & Financial Services Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | |||
|---|---|---|---|---|---|
| HDFC BankBanks | Large cap2nd | 15.76% | 1,160.80 | 1,63,79,320 | Sep 2019 |
| ICICI BankBanks | Large cap5th | 13.26% | 976.59 | 73,88,887 | Sep 2012or earlier |
| Axis BankBanks | Large cap15th | 9.00% | 663.03 | 54,08,065 | Jun 2017 |
| State Bank of IndiaBanks | Large cap4th | 4.97% | 366.15 | 38,16,097 | Mar 2014 |
| Kotak Mahindra BankBanks | Large cap16th | 4.06% | 299.11 | 71,72,870 | Oct 2024 |
| SBI Cards and Payment ServicesFinance | Mid cap161st | 3.36% | 247.21 | 42,76,669 | Jul 2020 |
| HDFC Asset Management CompanyCapital Markets | Large cap96th | 2.99% | 220.43 | 9,66,488 | Feb 2025 |
| IndusInd BankBanks | Mid cap152nd | 2.65% | 195.07 | 21,64,124 | May 2019 |
| Cholamandalam Financial HoldingsFinance | Small cap264th | 2.53% | 186.63 | 13,46,349 | Apr 2019 |
| ICICI Life InsuranceInsurance | Mid cap128th | 2.49% | 183.72 | 41,39,680 | Jun 2025 |
| Multi Commodity Exchange of IndiaCapital Markets | Mid cap157th | 2.47% | 181.70 | 5,50,540 | Oct 2024 |
| Bajaj FinservFinance | Large cap27th | 2.35% | 173.10 | 10,00,000 | Oct 2023 |
| Aye FinanceFinance | Small cap950th | 2.30% | 169.21 | 1,08,54,762 | Feb 2026 |
| Max Financial ServicesInsurance | Mid cap180th | 2.27% | 167.21 | 12,17,524 | Sep 2012or earlier |
| PNB Housing FinanceFinance | Small cap313th | 2.27% | 166.99 | 14,91,018 | May 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo | 0.95% | 70.25 |
| Net Current Assets | −0.15% | −9.12 |
| Cash Margin - CCIL | 0.01% | 0.42 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 15.76%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 47.05%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 61.07%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 15.0Taken over 99.19% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares99.19%
- Cash and receivables0.81%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap58.98%Category 49.50%
- Mid cap22.15%Category 21.62%
- Small cap18.50%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.37% of the fund. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.1sector
- Financial Services99.19%Category 21.68%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services33 companies | 99.19% | 98.56% | 98.34% | 98.74% | 98.16% | 97.59% | 98.58% | 97.80% | 98.47% | 98.44% | 97.25% | 97.96% | |
| Healthcare | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Capital Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Automobile And Auto Components | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Information Technology | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Fast Moving Consumer Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Oil Gas & Consumable Fuels | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Telecommunication | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Power | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 45.66% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 11
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 3
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 19
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 8.93%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| HDFC Bank | Added | 15.76% | 12.26% | +3.50 pts | +27,00,000 |
| Bajaj Finance | Sold out | – | 1.67% | −1.67 pts | −12,48,587 |
| SBI Life Insurance Company | Sold out | – | 1.66% | −1.66 pts | −7,52,882 |
| ICICI Prudential Asset Management Company | Sold out | – | 1.41% | −1.41 pts | −3,63,803 |
| HDFC Life Insurance Company | Added | 2.15% | 1.12% | +1.03 pts | +14,13,292 |
| Life Insurance Corporation of India | Added | 2.25% | 1.26% | +0.99 pts | +18,14,671 |
| ICICI Life Insurance | Added | 2.49% | 1.52% | +0.97 pts | +18,21,271 |
| UTI Asset Management Company | Sold out | – | 0.92% | −0.92 pts | −8,32,505 |
| Bajaj Finserv | Trimmed | 2.35% | 3.26% | −0.91 pts | −2,75,773 |
| State Bank of India | Trimmed | 4.97% | 5.72% | −0.75 pts | −4,49,255 |
| Piramal Finance | Added | 1.93% | 1.46% | +0.47 pts | +1,96,000 |
| HDFC Asset Management Company | Added | 2.99% | 2.54% | +0.45 pts | +2,00,000 |
| PNB Housing Finance | Added | 2.27% | 2.02% | +0.25 pts | +1,00,000 |
| SBI Cards and Payment Services | Added | 3.36% | 3.17% | +0.19 pts | +3,82,877 |
| Cholamandalam Financial Holdings | Added | 2.53% | 2.40% | +0.13 pts | +66,472 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank | 15.80% | 15.61% | 15.38% | 15.13%Added | 14.24% | 13.74% | 13.04% | 12.63% | 14.01%Added | 13.16% | 12.26% | 15.76%Added |
 ICICI Bank | 14.04% | 14.04% | 14.22%Added | 13.00%Cut | 13.04% | 13.53%Added | 12.75% | 12.73% | 13.31% | 13.92% | 13.58%Cut | 13.26% |
 Axis Bank | 9.97% | 9.15%Cut | 9.09% | 9.85% | 9.80% | 9.63% | 9.18%Cut | 9.35% | 9.34% | 8.55% | 8.89% | 9.00% |
 State Bank of India | 7.70% | 7.11%Cut | 7.03%Cut | 7.73% | 6.51%Cut | 6.07%Cut | 5.96% | 5.40% | 5.49% | 5.64%Added | 5.72% | 4.97%Cut |
 Kotak Mahindra Bank | 2.69% | 2.77%Added | 2.87% | 2.67% | 3.10%Added | 3.61%Added | 3.53% | 3.55% | 3.61%Added | 3.60% | 3.80% | 4.06% |
 SBI Cards and Payment Services | 3.92%Added | 4.11%Added | 4.31%Added | 3.78% | 3.83% | 3.68% | 3.36% | 3.27% | 2.97% | 3.31% | 3.17% | 3.36%Added |
 HDFC Asset Management Company | 1.20%Cut | 1.15% | 1.16% | 1.09% | 1.15% | 1.11% | 1.59%Added | 1.57% | 1.49% | 2.24%Added | 2.54%Added | 2.99%Added |
 IndusInd Bank | 2.28% | 2.38% | 2.40% | 2.50% | 2.63% | 2.42% | 2.65% | 2.66% | 2.57% | 2.82% | 2.78% | 2.65% |
 Cholamandalam Financial Holdings | 2.57% | 2.52%Added | 2.48% | 2.33%Added | 2.48%Added | 2.77%Added | 2.67%Cut | 2.72% | 2.72% | 2.53% | 2.40% | 2.53%Added |
 ICICI Life Insurance | 0.71% | 0.72% | 0.78% | 0.75% | 0.76% | 0.69% | 1.31%Added | 1.43%Added | 1.33% | 1.54%Added | 1.52% | 2.49%Added |
 Multi Commodity Exchange of India | 1.69% | 1.79% | 1.98% | 2.25% | 2.14% | 2.45% | 2.75% | 2.74% | 2.01%Cut | 1.91% | 2.37% | 2.47% |
 Bajaj Finserv | 3.53%Added | 3.43% | 3.35% | 3.21% | 3.23% | 3.10% | 2.98% | 3.06% | 2.92% | 3.33% | 3.26% | 2.35%Cut |
 Aye Finance | – | – | – | – | 1.40%Bought | 1.31%Added | 1.64% | 1.80% | 2.06% | 2.01%Added | 2.46%Added | 2.30% |
 Max Financial Services | 2.48% | 2.65% | 2.60% | 2.52% | 2.58%Cut | 2.48% | 2.37% | 2.51% | 2.27% | 2.15% | 2.22% | 2.27%Added |
 PNB Housing Finance | 0.89% | 0.84% | 0.89% | 0.77% | 1.05%Added | 1.30%Added | 1.62% | 1.46%Cut | 1.41% | 1.61%Added | 2.02%Added | 2.27%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 31.0% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Sectoral / Thematic funds (130 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.15.86%
12.76%Lowest17.49%Average of 138 funds31.25%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.10.62%
5.67%Lowest10.73%Average of 138 funds16.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.33
−0.56Lowest0.47Average of 138 funds1.19Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.45
−0.68Lowest0.75Average of 138 funds2.32Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Financial Services TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.95
0.63Lowest0.93Average1.21Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+1.80 pts
−6.37 ptsLowest+1.93 ptsAverage of 93 funds+12.46 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.92.5
42.9Lowest87.3Average98.2Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.96
0.66Lowest0.93Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.98.8%
65.5%Lowest99.0%Average134.6%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.88.1%
45.6%Lowest87.9%Average118.1%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.31
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −16.67% | 18 Feb 2026 | 31 Mar 2026 | Not yet |
| 5 years | −18.75% | 26 Oct 2021 | 20 Jun 2022 | 5 Sep 2022 |
| 10 years and since Jan 2013 | −50.56% | 27 May 2019 | 22 May 2020 | 8 Feb 2021 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty Financial Services TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Nippon India Banking & Financial Services Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Vinay SharmaPrimary | Apr 2018 | +11.71%a year | +12.04% | −0.33 pts | 28.9% | 15.4% | 4 | ₹36,409 Cr |
| Bhavik DaveCo-Fund Manager | Jun 2021 | +13.56%a year | +9.17% | +4.38 pts | 13.6% | 7.0% | 3 | ₹68,195 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Nippon India Multi Asset Allocation FundVinay Sharma | Jan 2026 | +2.45%over 288 days | – | – | ₹18,044 Cr |
| Nippon India Focused FundVinay Sharma | May 2018 | +12.19%a year | – | – | ₹8,075 Cr |
| Nippon India Innovation FundVinay Sharma | Aug 2023 | – | – | – | ₹2,923 Cr |
| Nippon India Large Cap FundBhavik Dave | Aug 2024 | −0.89%a year | – | – | ₹51,296 Cr |
| Nippon India Balanced Advantage FundBhavik Dave | Jan 2026 | −0.53%over 288 days | – | – | ₹9,532 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund | 62.74% | 18 |
| Bandhan Financial Services FundBandhan Mutual Fund | 56.20% | 24 |
| Mirae Asset Banking and Financial Services FundMirae Asset Mutual Fund | 55.28% | 11 |
| UTI Banking and Financial Services FundUTI Mutual Fund | 55.09% | 19 |
| HDFC Banking & Financial Services FundHDFC Mutual Fund | 54.85% | 14 |
| Tata Banking & Financial Services FundTata Mutual Fund | 54.56% | 14 |
| MahindraManulife Banking & Financial Services FundMahindra Manulife Mutual Fund | 54.17% | 15 |
| Sundaram Financial Services Opportunities FundSundaram Mutual Fund | 53.00% | 15 |
| Aditya Birla Sun Life Banking and Financial Services FundAditya Birla Sun Life Mutual Fund | 51.55% | 14 |
| Kotak Banking & Financial Services FundKotak Mahindra Mutual Fund | 50.41% | 12 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Nippon India Focused FundNippon India Mutual Fund | 34.74% |
| Nippon India Value FundNippon India Mutual Fund | 33.15% |
| Nippon India Large Cap FundNippon India Mutual Fund | 30.89% |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund | 28.08% |
| Nippon India Flexi Cap FundNippon India Mutual Fund | 27.42% |
| Nippon India Multi Cap FundNippon India Mutual Fund | 23.85% |
| Nippon India Vision Large & Mid Cap FundNippon India Mutual Fund | 22.01% |
| Nippon India Active Momentum FundNippon India Mutual Fund | 20.89% |
| Nippon India Quant FundNippon India Mutual Fund | 19.93% |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund | 13.68% |
As the fund house states it, for Sep 2026.
Nippon India Banking & Financial Services Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹8.00 a unit, Jan 2026.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 22 Jan 2026 | ₹8.00 | 7.14% | ₹112.0921 | ₹102.5428 |
| 6 Feb 2025 | ₹7.00 | 6.80% | ₹102.8851 | ₹95.6918 |
| 16 Feb 2024 | ₹5.50 | 5.61% | ₹98.0981 | ₹92.7630 |
| 10 Feb 2023 | ₹4.75 | 5.91% | ₹80.3935 | ₹74.8196 |
| 11 Feb 2022 | ₹2.25 | 2.95% | ₹76.3629 | ₹70.7146 |
| 5 Feb 2021 | ₹3.25 | 5.01% | ₹64.8574 | ₹62.4124 |
| 7 Feb 2020 | ₹3.984338 | 5.98% | ₹66.5929 | ₹61.5039 |
| 8 Feb 2019 | ₹3.984338 | 6.31% | ₹63.1540 | ₹57.9875 |
| 9 Feb 2018 | ₹6.25 | 8.85% | ₹70.5884 | ₹64.9248 |
| 10 Feb 2017 | ₹5.00 | 8.25% | ₹60.6079 | ₹55.4012 |
| 12 Feb 2016 | ₹4.00 | 9.08% | ₹44.0742 | ₹41.5932 |
| 27 Feb 2015 | ₹5.00 | 7.93% | ₹63.0343 | ₹60.4517 |
All 13 payouts since 7 Feb 2014.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 JulBenchmarkBenchmark: Nifty Bank TRI to Nifty Financial Services TRI
Fund details
Objective
The primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of companies in the Banking and Financial services sector. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.
Asset allocation
- Equity and Equity related securities of companies in the Banking and Financial services sector - 80% - 100%, Equity and Equity Related securities of companies other than Banking and Financial services sector - 0% -20%, Debt Securities & Money Market instruments- 0%-20%
Type of scheme
Open
- Stated category
- Sectoral Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Financial Services Index TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- High
- New fund offer
- 8 May 2003 to 22 May 2003
- Units first allotted
- 26 May 2003
- Open for sale again
- 28 May 2003
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 118589 | INF204K01XO1 | NIPP_INDI_BANK_AG45O9 | 2 Jan 2013 | |
| Regular Growth | 101862 | INF204K01927 | NIPP_INDI_BANK_1OT12TV | 3 Apr 2006 | |
| Direct IDCW | 118591 | INF204K01XM5 | INF204K01XN3 | NIPP_INDI_BANK_L2AO8K | 2 Jan 2013 |
| Regular IDCW | 101864 | INF204K01893 | INF204K01901 | NIPP_INDI_BANK_1P4YXEV | 3 Apr 2006 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Fundamentals \ E-Factsheet: October 2026 (opens in a new tab)Nippon India Mutual Fund, Sep 2026
Statement of additional information
- SAI Nippon India Mutual Fund (opens in a new tab)Nippon India Mutual Fund, Oct 2026
Annual report
- Abridged Scheme Account 2025-2026 - ight face intermittent issues with NetBanking payment mode during Purchase transaction on our Digital assets. Kindly use an alternative payment mode. Regret the inconvenience caused. --> --> --> Custom Title Abridged Scheme Account 2025 - 26 Page Content 1. Consol (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 2. Consolidated Debt Schemes (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 3. Consolidated Exchange Traded Funds (opens in a new tab)Nippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 4.Consolidate Interval Funds and Fixed Maturity Plans (opens in a new tab)Nippon India Mutual Fund, Mar 2026
Riskometer disclosure
- Download (opens in a new tab)Nippon India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap (opens in a new tab)Nippon India Mutual Fund, Sep 2026
- Portfolio-Overlap-30-Sep-2026 (opens in a new tab)Nippon India Mutual Fund, Sep 2026