Nippon India Banking & Financial Services Fund Direct Growth

Nippon India Banking & Financial Services Fund Direct Growth

Equity

Nippon Mutual Fund

Sector - Financial Services

Get the latest NAV of Nippon India Banking & Financial Services Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹669.63

▲3.6%1D

NAV as on 12 May 2025

14.77%/per year

Since Inception

Absolute Gain%

▲▼

1512 people have invested ₹ 1.2Cr in Nippon India Banking & Financial Services Fund Direct Growth in the last three months

Nippon India Banking & Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (12-May-25)

The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
This Fund
Nifty 500
Category Avg
1 Month
8.06%
8.47%
7.66%
3 Months
11.96%
7.67%
11.25%
6 Months
8.3%
0.81%
6.19%
1 Year
20.1%
9.98%
14.61%
3 Years
24.89%
18.69%
22.15%
5 Years
31.65%
24.52%
26.46%

INDmoney Rank

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IND ranking is not available for this fund.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Nippon India Banking & Financial Services Fund
2/11
6,967Cr
1.03%
20.1%
24.89%
14.77%
Tata Banking & Financial Services Fund Direct Growth
1/11
2,752Cr
0.5%
23.12%
25.48%
18.46%
SBI Banking & Financial Services Fund Direct Growth
3/11
7,650Cr
0.76%
21.15%
24.3%
15.93%
Mirae Asset Banking and Financial Services Fund Direct Growth
4/11
1,841Cr
0.62%
19.92%
23.84%
18.68%
See all
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Nippon India Banking & Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Nippon India Banking & Financial Services Fund Asset Allocation

as on (31-Mar-25)

Fund Distribution

as on (31-Mar-25)

Equity 98.1%

Debt & Cash 1.9%

Large cap
68.2%
Mid cap
16.9%
Small cap
13%
Mid Cap allocation has gone down from 17.6% to 16%
Mid Cap allocation has gone down from 17.6% to 16%
Large Cap allocation has gone up from 67.5% to 67.7%
Large Cap allocation has gone up from 67.5% to 67.7%
Small Cap allocation has gone up from 13% to 13.2%
Small Cap allocation has gone up from 13% to 13.2%
Cash allocation has gone up from 1.9% to 3.2%
Cash allocation has gone up from 1.9% to 3.2%

Nippon India Banking & Financial Services Fund Sector Allocation

as on (31-Mar-25)

Sector Allocation

Equity 98.1%

Debt & Cash 1.9%

Financial Services
97.1%
Tech
2.9%

Top 2 Sectors in March were Financial Services, Tech

Mar'25

Financial Services

97%

Tech

3%

Feb'25

Financial Services

97%

Tech

3%

Nippon India Banking & Financial Services Fund Holdings Details

as on (30-Apr-25)

Equity

Top Stocks bought last month
State Bank of India's allocation increased from 5.01% to 5.7%
State Bank of India's allocation increased from 5.01% to 5.7%
KFin Technologies Ltd's allocation increased from 1.33% to 1.61%
KFin Technologies Ltd's allocation increased from 1.33% to 1.61%
AAVAS Financiers Ltd's allocation increased from 1.22% to 1.41%
AAVAS Financiers Ltd's allocation increased from 1.22% to 1.41%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 21.38 % to 21.06 %
HDFC Bank Ltd's allocation decreased from 21.38 % to 21.06 %
ICICI Bank Ltd's allocation decreased from 15.55 % to 15.23 %
ICICI Bank Ltd's allocation decreased from 15.55 % to 15.23 %
SBI Cards and Payment Services Ltd Ordinary Shares's allocation decreased from 3.72 % to 3.65 %
SBI Cards and Payment Services Ltd Ordinary Shares's allocation decreased from 3.72 % to 3.65 %

Nippon India Banking & Financial Services Fund Direct Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.03%
Benchmark
Nifty Financial Services TR INR
AUM₹6967 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
34.28%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

About Nippon India Banking & Financial Services Fund

Nippon India Banking & Financial Services Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Bhavik Dave, Vinay Sharma, Kinjal Desai. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Nippon India Banking & Financial Services Fund Direct Growth has ₹6967 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.10%, 24.89% and 31.65% respectively.

Holdings

Nippon India Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, SBI Cards and Payment Services Ltd Ordinary Shares

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Nippon India Banking & Financial Services Fund Direct Growth

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. Nippon India Banking & Financial Services Fund Direct Growth has no lock in period.

Fund Manager

Bhavik Dave

Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 18 June 2021

Vinay Sharma

Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 9 April 2018

Kinjal Desai

Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth, since 25 May 2018

Learn more about Nippon Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 6.6K Cr
₹ 6.1K Cr
₹ 6.2K Cr
  • AUM of the fund stands at 6.6K Cr as of Mar'25
  • AUM increased by 436.6 Cr between Mar'25 and Feb'25

Most Popular Comparisons

Nippon India Banking & Financial Services Fund

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ICICI Prudential Banking and Financial Services Fund Direct Growth

Frequently Asked Questions for Nippon India Banking & Financial Services Fund Direct Growth

What is the current NAV of Nippon India Banking & Financial Services Fund Direct Growth?

The current NAV of Nippon India Banking & Financial Services Fund Direct Growth is ₹669.63 as on 12-May-2025.

What are the average returns of Nippon India Banking & Financial Services Fund Direct Growth?

Existing (Absolute + CAGR) as on 12-May-2025.
Nippon India Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.06%
8.06%
6 Month Returns
8.3%
8.3%
1 Year Returns
20.1%
20.1%
3 Years Returns
94.79%
24.89%

How do I invest in Nippon India Banking & Financial Services Fund Direct Growth?

With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.

What is the expense ratio of Nippon India Banking & Financial Services Fund Direct Growth?

1.03% as on April 2025

What is net assets under management (AUM) of Nippon India Banking & Financial Services Fund Direct Growth?

₹6967 Cr as on April 2025

What are the top 5 holdings of Nippon India Banking & Financial Services Fund Direct Growth?

HDFC Bank Ltd(20.9%), ICICI Bank Ltd(15.19%), Axis Bank Ltd(9.87%), State Bank of India(5.49%), SBI Cards and Payment Services Ltd Ordinary Shares(3.41%) as on April 2025

What is the alpha of Nippon India Banking & Financial Services Fund Direct Growth?

The alpha ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Nippon India Banking & Financial Services Fund Direct Growth
-4.17
3.88
7.04
As on April 2025
The alpha for Nippon India Banking & Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.

What is the beta of Nippon India Banking & Financial Services Fund Direct Growth??

The Beta ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Nippon India Banking & Financial Services Fund Direct Growth
0.98
0.9
0.97
As on April 2025
The Beta for Nippon India Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.

What is the sharpe ratio of Nippon India Banking & Financial Services Fund Direct Growth?

The sharpe ratio for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Nippon India Banking & Financial Services Fund Direct Growth
0.65
0.95
1.08
As on April 2025
The sharpe ratio for Nippon India Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.

What is the standard deviation of Nippon India Banking & Financial Services Fund Direct Growth?

The standard deviation for the Nippon India Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Nippon India Banking & Financial Services Fund Direct Growth
13.35
14.24
20.3
As on April 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.

What is the Sortino ratio of Nippon India Banking & Financial Services Fund Direct Growth?

Sortino ratio is 1.95 as on April 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.

What is the information ratio of Nippon India Banking & Financial Services Fund Direct Growth?

Information ratio is 0.61 as on April 2025. It tells the consistency of the fund in generating superior risk-adjusted performance

Who is the manager of Nippon India Banking & Financial Services Fund Direct Growth?

Bhavik Dave, Vinay Sharma, Kinjal Desai are the fund managers of Nippon India Banking & Financial Services Fund Direct Growth

What is the exit load of Nippon India Banking & Financial Services Fund Direct Growth?

The Exit load of Nippon India Banking & Financial Services Fund Direct Growth is 1%