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 #8 of 84 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹650.58 (as of 2026-08-21) |
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| AUM | ₹7,789 Cr |
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| Expense ratio | 1.53% |
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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 | 13.90% |
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| Sharpe ratio | 0.43 |
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| Standard deviation | 15.27% |
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| Max drawdown | -57.42% |
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| Alpha | 1.73 |
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| Beta | 0.95 |
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Over 5 years, captured 108.1% of NIFTY Financial Services's upside and 89.8% of its downside.
Market cap allocation
| Large cap | 60.5% |
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| Mid cap | 20.8% |
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| Small cap | 18.7% |
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Concentration
| Top 5 holdings | 44.9% |
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| Top 10 holdings | 60.1% |
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| Total holdings | 38 |
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Top holdings
- ICICI Bank Ltd. — 13.9%
- HDFC Bank Ltd. — 13.2%
- AXIS Bank Ltd. — 8.6%
- State Bank Of India — 5.6%
- Kotak Mahindra Bank Ltd. — 3.6%
- Bajaj Finserv Limited — 3.3%
- SBI CARDS AND PAYMENT SERVICES LIMITED — 3.3%
- SBI Life Insurance Company Limited — 3.2%
- IndusInd Bank Ltd. — 2.8%
- CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED — 2.5%
Top sectors
- Banking & Financial — 66.4%
- Finance & Investments — 19.0%
- Miscellaneous — 9.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -1.5% | Q4 (Bottom) | #58 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 |