January 19, 2026
RA Jainee
Nippon India Banking & Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 732.26 |
| NAV Bonus (Rs.) | 732.26 |
| NAV IDCW (Rs.) | 114.65 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 60 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 7,778 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.96% |
| 1 Year Return (%) | 21.83 |
| 3 Year Return (%) | 18.78 |
| 5 Year Return (%) | 20.37 |
| 10 Year Return (%) | 17.05 |
| Return Since Launch | 14.65% |
⚖️ Sahifund Review – Nippon India Banking & Financial Services Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks to generate continuous returns by actively investing in equity, equity related securities of companies in the Banking and Financial services.
Fund Manager:
1) Vinay Sharma
Education: Mr. Sharma is B.Arch & PGDCM
Experience: Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.
2) Bhavik Dave
Education: Mr. Dave is a BBA and PGDM
Experience: Prior joining to Nippon India Mutual Fund he has worked with Motilal Oswal Securities Limited – Research Associate (Institutional Equities), Crisil Global Analytics Centre – Credit Analyst – US Oil & Gas Sector, Grantham Mayo, Van Otterloo & Co. – Research Associate Internship.
Investment Details
| Min. Investment (Rs.) | 5,000 |
| Min. Addl Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. Withdrawal (Rs.) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs.) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
Basic Details of Nippon India Banking & Financial Services Fund
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.65% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | 7,778 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.96% |
| (As on 31-Dec-2025) | |
| Risk Grade | Below Average |
| Return Grade | Above Average |
| Turnover | 23.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon India Banking & Financial Srvices Dir | 1.08 | 0.78 | 2.17 | 3.77 | 4.46 | 21.83 | 18.78 | 20.37 | 14.82 | 17.05 |
| BSE Bankex TRI | 1.80 | 1.16 | 2.94 | 4.97 | 6.56 | 22.58 | 13.36 | 14.04 | 12.60 | 15.38 |
| Equity: Sectoral-Banking | 0.63 | 0.59 | 2.16 | 4.00 | 5.20 | 22.34 | 17.60 | 16.33 | 14.92 | 16.79 |
| Rank within category | 7 | 15 | 14 | 22 | 21 | 20 | 6 | 1 | 5 | 5 |
| Number of funds in category | 40 | 40 | 40 | 39 | 37 | 33 | 18 | 13 | 11 | 11 |
Peer Comparison of Nippon India Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs) (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) | |
| Nippon India Banking & Financial Srvices Dir | 5 star | 21.83 | 18.78 | 20.37 | 0.96 | 7,778 | 14.65 | 1.00 (30) | 13Y | 23.00 |
| SBI Banking & Financial Services Dir | 4 star | 25.51 | 21.78 | 17.56 | 0.73 | 10,106 | 16.28 | 0.50 (30) | 10Y 10M | 93.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 25.13 | 19.59 | 17.45 | 0.55 | 2,216 | 18.53 | 1.00 (365) | 5Y 1M | 40.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 22.22 | 20.89 | 18.51 | 0.76 | 1,661 | 14.57 | 0.50 (30) | 13Y | 36.30 |
| Invesco India Financial Services Dir | 5 star | 20.76 | 22.92 | 18.74 | 0.79 | 1,599 | 16.43 | 1.00 (365) | 13Y | 27.00 |
Portfolio Analysis of Nippon India Banking & Financial Services Fund
| No. of Stocks | 33 |
| Top 10 Stocks | 65.93% |
| Top 5 Stocks | 50.03% |
| Top 3 Sectors | 98.44% |
| Portfolio P/B Ratio | 2.61 |
| Portfolio P/E Ratio | 20.63 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,57,003 | 3,40,790 |
| Giant (%) | — | — |
| Large (%) | 66.01 | 74.45 |
| Mid (%) | 25.69 | 18.29 |
| Small (%) | 8.30 | 10.57 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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