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: 5/5 — ranked #6 of 85 in category.
Fund basics
| Category | Equity: Sectoral |
|---|
| NAV | ₹606.97 (as of 2026-10-01) |
|---|
| AUM | ₹7,910 Cr |
|---|
| Expense ratio | 1.53% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Vinay Sharma |
|---|
| Exit load | 1% for redemption within 30 days |
|---|
Performance & risk
| 5-year annualised return | 11.21% |
|---|
| Sharpe ratio | 0.51 |
|---|
| Standard deviation | 15.20% |
|---|
| Max drawdown | −57.42% |
|---|
| Alpha | 1.85 |
|---|
| Beta | 0.95 |
|---|
Over 5 years, captured 107.9% of NIFTY Financial Services's upside and 88.3% of its downside.
Market cap allocation
| Large cap | 59.8% |
|---|
| Mid cap | 20.7% |
|---|
| Small cap | 19.5% |
|---|
Concentration
| Top 5 holdings | 44.3% |
|---|
| Top 10 holdings | 58.5% |
|---|
| Total holdings | 37 |
|---|
Top holdings
- ICICI Bank Ltd. — 13.6%
- HDFC Bank Ltd. — 12.3%
- AXIS Bank Ltd. — 8.9%
- State Bank Of India — 5.7%
- Kotak Mahindra Bank Ltd. — 3.8%
- Bajaj Finserv Limited — 3.3%
- SBI CARDS AND PAYMENT SERVICES LIMITED — 3.2%
- IndusInd Bank Ltd. — 2.8%
- HDFC Asset Management Company Limited — 2.5%
- Aye Finance Limited — 2.5%
Top sectors
- Banking & Financial — 63.3%
- Finance & Investments — 21.6%
- Miscellaneous — 9.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −8.1% | 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 |