Nippon India Banking & Financial Services Fund
The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.
Growthvine rating: 4/5 — ranked #9 of 87 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹590.90 (as of 2026-10-23) |
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| AUM | ₹7,367 Cr |
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| Expense ratio | 1.54% |
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| Riskometer | Very High |
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| Fund manager | Vinay Sharma |
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| Exit load | 1% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 11.21% |
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| Sharpe ratio | 0.29 |
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| Standard deviation | 15.85% |
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| Max drawdown | −57.42% |
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| Alpha | 1.22 |
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| Beta | 0.96 |
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Over 5 years, captured 107.9% of NIFTY Financial Services's upside and 88.3% of its downside.
Market cap allocation
| Large cap | 59.0% |
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| Mid cap | 22.1% |
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| Small cap | 18.9% |
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Concentration
| Top 5 holdings | 47.1% |
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| Top 10 holdings | 61.1% |
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| Total holdings | 33 |
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Top holdings
- HDFC Bank Ltd. — 15.8%
- ICICI Bank Ltd. — 13.3%
- AXIS Bank Ltd. — 9.0%
- State Bank Of India — 5.0%
- Kotak Mahindra Bank Ltd. — 4.1%
- SBI CARDS AND PAYMENT SERVICES LIMITED — 3.4%
- HDFC Asset Management Company Limited — 3.0%
- IndusInd Bank Ltd. — 2.7%
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED — 2.5%
- ICICI Prudential Life Insurance Company Limited — 2.5%
Top sectors
- Banking & Financial — 64.1%
- Finance & Investments — 19.9%
- Miscellaneous — 11.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −10.5% | Q4 (Bottom) | #60 of 76 |
| 2025 | 17.4% | Q1 (Top) | #8 of 69 |
| 2024 | 10.3% | Q4 (Bottom) | #51 of 58 |
| 2023 | 24.2% | Q4 (Bottom) | #37 of 48 |
| 2022 | 20.7% | Q1 (Top) | #2 of 46 |