Nippon India Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹7,753 Cr

Expense Ratio

0.96%

ISIN

INF204K01XO1

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

01 Jan 2013

About this fund

Nippon India Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 13 years, 1 months and 20 days, having been launched on 01-Jan-13.
As of 20-Feb-26, it has a Net Asset Value (NAV) of ₹737.75, Assets Under Management (AUM) of 7752.54 Crores, and an expense ratio of 0.96%.

Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.68% since inception.
The fund's asset allocation comprises around 98.49% in equities, 0.00% in debts, and 1.51% in cash & cash equivalents.
You can start investing in Nippon India Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+23.55%

+27.09% (Cat Avg.)

3 Years

+21.04%

+15.66% (Cat Avg.)

5 Years

+17.61%

+12.31% (Cat Avg.)

10 Years

+17.65%

+16.34% (Cat Avg.)

Since Inception

+14.68%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2026

Equity	₹7,635.24 Cr	98.49%
Others	₹117.3 Cr	1.51%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹1,172.65 Cr	15.13%
ICICI Bank Ltd	Equity	₹1,007.97 Cr	13.00%
Axis Bank Ltd	Equity	₹763.58 Cr	9.85%
State Bank of India	Equity	₹599.47 Cr	7.73%
SBI Life Insurance Co Ltd	Equity	₹293.82 Cr	3.79%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹293.42 Cr	3.78%
The Federal Bank Ltd	Equity	₹270.65 Cr	3.49%
Bajaj Finserv Ltd	Equity	₹249.11 Cr	3.21%
Kotak Mahindra Bank Ltd	Equity	₹206.97 Cr	2.67%
Bank of Baroda	Equity	₹203.4 Cr	2.62%
Max Financial Services Ltd	Equity	₹195.51 Cr	2.52%
IndusInd Bank Ltd	Equity	₹193.93 Cr	2.50%
ICICI Prudential Asset Management Co Ltd	Equity	₹188.45 Cr	2.43%
Cholamandalam Financial Holdings Ltd	Equity	₹180.84 Cr	2.33%
Multi Commodity Exchange of India Ltd	Equity	₹174.57 Cr	2.25%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹151.12 Cr	1.95%
L&T Finance Ltd	Equity	₹150.88 Cr	1.95%
Bajaj Finance Ltd	Equity	₹125.4 Cr	1.62%
AU Small Finance Bank Ltd	Equity	₹124.16 Cr	1.60%
Triparty Repo	Cash - Repurchase Agreement	₹122.94 Cr	1.59%
KFin Technologies Ltd	Equity	₹121.02 Cr	1.56%
HDFC Life Insurance Co Ltd	Equity	₹118.76 Cr	1.53%
Angel One Ltd Ordinary Shares	Equity	₹112.15 Cr	1.45%
UTI Asset Management Co Ltd	Equity	₹111.08 Cr	1.43%
HDFC Asset Management Co Ltd	Equity	₹84.65 Cr	1.09%
Piramal Finance Ltd	Equity	₹73.03 Cr	0.94%
ICICI Lombard General Insurance Co Ltd	Equity	₹69.18 Cr	0.89%
PNB Housing Finance Ltd	Equity	₹59.72 Cr	0.77%
One97 Communications Ltd	Equity	₹59 Cr	0.76%
AAVAS Financiers Ltd	Equity	₹58.47 Cr	0.75%
ICICI Prudential Life Insurance Co Ltd	Equity	₹57.85 Cr	0.75%
Star Health and Allied Insurance Co Ltd	Equity	₹49.27 Cr	0.64%
Sundaram Finance Ltd	Equity	₹47.5 Cr	0.61%
HDB Financial Services Ltd	Equity	₹40.89 Cr	0.53%
Seshaasai Technologies Ltd	Equity	₹26.76 Cr	0.35%
Net Current Assets	Cash	₹-5.74 Cr	0.07%
Cash Margin - Ccil	Cash - Repurchase Agreement	₹0.1 Cr	0.00%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹7,428.46 Cr	95.82%
Technology	₹206.78 Cr	2.67%

Risk & Performance Ratios

Fund Managers

Vinay Sharma

Since April 2018

Kinjal Desai

Since May 2018

Bhavik Dave

Since June 2021

Lokesh Maru

Since September 2025

Divya Sharma

Since September 2025

Additional Scheme Detailsas of 31st January 2026

ISIN

INF204K01XO1

Expense Ratio

0.96%

Exit Load

1.00%

Fund Size

₹7,753 Cr

Age

13 years 1 month

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	-	-	-	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	-	1.0%	-	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	-	1.0%	-	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	-	1.0%	-	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹408.57 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹408.57 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	0.0%	₹404.91 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹404.91 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.3%	1.0%	₹839.63 Cr	-
HSBC Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹839.63 Cr	-
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2821.25 Cr	24.7%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹64.88 Cr	60.5%
Edelweiss Nifty Bank ETF Very High Risk	0.3%	-	₹13.37 Cr	24.8%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹207.00 Cr	20.9%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹207.00 Cr	19.0%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.1%	-	₹3.81 Cr	24.6%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹3044.88 Cr	17.7%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹344.57 Cr	17.7%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.3%	1.0%	₹62.52 Cr	22.1%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.4%	1.0%	₹62.52 Cr	24.5%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹568.57 Cr	22.3%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹568.57 Cr	24.4%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹30.56 Cr	60.2%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹419.80 Cr	24.8%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1666.81 Cr	25.9%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1666.81 Cr	27.8%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹476.68 Cr	22.2%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	24.8%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹7752.54 Cr	23.6%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹1628.30 Cr	26.1%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3977.66 Cr	24.8%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹3170.01 Cr	24.8%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹250.39 Cr	17.7%
Bandhan Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹1120.94 Cr	18.3%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1120.94 Cr	20.1%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹246.06 Cr	24.8%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3973.79 Cr	24.7%
Quant BFSI Fund Regular Growth Very High Risk	2.3%	1.0%	₹760.66 Cr	31.5%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹378.92 Cr	21.2%
Quant BFSI Fund Direct Growth Very High Risk	0.8%	1.0%	₹760.66 Cr	33.6%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹227.87 Cr	26.3%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4485.99 Cr	27.1%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4485.99 Cr	25.7%
UTI Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹1399.82 Cr	25.2%
Baroda BNP Paribas Banking and Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹378.92 Cr	23.2%
SBI Banking & Financial Services Fund Direct Growth Very High Risk	0.7%	0.0%	₹10414.75 Cr	28.0%

About the AMC

Nippon India Mutual Fund

022-6808 7000/18602660111

https://mf.nipponindiaim.com/

Total AUM

₹7,25,431 Cr

Address

4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013

Other Funds by Nippon India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India Nifty India Manufacturing Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹36.80 Cr	-
Nippon India MNC Fund Direct Growth Very High Risk	1.2%	1.0%	₹425.65 Cr	-
Nippon India Income Plus Arbitrage Active Fund of Fund Direct Growth Moderate Risk	0.1%	0.0%	₹623.45 Cr	-
Nippon India BSE Sensex Next 30 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹38.01 Cr	-
Nippon India Nifty 500 Low Volatility 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹20.44 Cr	-
Nippon India Nifty 500 Quality 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹43.18 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹338.26 Cr	-
Nippon India Nifty Auto Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹40.39 Cr	26.8%
Nippon India Nifty Realty Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹31.62 Cr	-4.3%
Nippon India CRISIL-IBX AAA Financial Services - Dec 2026 Index Fund Regular Growth Moderate Risk	0.1%	0.0%	₹98.23 Cr	7.7%
Nippon India CRISIL-IBX AAA Financial Services - Jan 2028 Index Fund Regular Growth Low to Moderate Risk	0.1%	0.0%	₹85.07 Cr	8.1%
Nippon India Nifty 500 Momentum 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1033.35 Cr	8.4%
Nippon India Nifty 500 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹401.77 Cr	11.0%
Nippon India Fixed Maturity Plan - XLVI - Series 5 - 1868 Days Direct Growth High Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 366 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 3 - 368 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Maturity Plan - XLVI - Series 2 - 367 Days Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹213.47 Cr	-20.0%
Nippon India Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹185.38 Cr	24.6%
Nippon India Fixed Maturity Plan - XLVI - Series 1 - 92 Days Direct Growth Moderately High risk	-	0.0%	-	-
Nippon India Innovation Fund Direct Growth Very High Risk	0.6%	1.0%	₹2696.94 Cr	13.2%
Nippon India Fixed Horizon Fund - XLV - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 1 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund - XLV - Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 7 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 6 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 5 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 7 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 4 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 6 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Quarterly Series I Direct Growth Low Risk	-	0.0%	₹2.33 Cr	5.7%
Nippon India Fixed Horizon Fund XXXX Series 10 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLIV Series 4 Direct Growth Low Risk	-	-	₹51.85 Cr	6.9%
Nippon India Fixed Horizon Fund XLIV Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Interval Fund Annual Series I Direct Growth Low Risk	-	0.0%	₹3.06 Cr	7.0%
Nippon India Fixed Horizon Fund XLIV Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 1 Direct Growth Low Risk	-	0.0%	₹220.19 Cr	7.1%
Nippon India Fixed Horizon Fund XLIV Series 1 Direct Growth Low to Moderate Risk	-	0.0%	₹72.20 Cr	7.8%
Nippon India Fixed Horizon Fund - XLIII - Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLI Series 5 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLII Series 3 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XLIII Series 5 Direct Growth Low to Moderate Risk	-	0.0%	₹184.13 Cr	7.9%
Nippon India Fixed Horizon Fund XXXIX Series 12 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund - XLIII - Series 2 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Fixed Horizon Fund XLI Series 3 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Capital Protection Oriented Fund II Plan A Direct Growth Low Risk	-	-	₹40.32 Cr	9.7%
Nippon India Interval Fund Quarterly Series III Direct Growth Low Risk	-	0.0%	₹2.74 Cr	5.8%
Nippon India Fixed Horizon Fund XLI Series 13 Direct Growth Moderate Risk	-	-	-	-
Nippon India Fixed Horizon Fund XXXX Series 9 Direct Growth Moderate Risk	-	0.0%	-	-
Nippon India Interval Fund Quarterly Series II Direct Growth Moderate Risk	-	0.0%	₹14.58 Cr	5.9%

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

The NAV of Nippon India Banking & Financial Services Fund Direct Growth, as of 20-Feb-2026, is ₹737.75.

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

The fund has generated 23.55% over the last 1 year and 21.04% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

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

The fund's allocation of assets is distributed as 98.49% in equities, 0.00% in bonds, and 1.51% in cash and cash equivalents.

Who manages the Nippon India Banking & Financial Services Fund Direct Growth?

The fund managers responsible for Nippon India Banking & Financial Services Fund Direct Growth are:-

Vinay Sharma
Kinjal Desai
Bhavik Dave
Lokesh Maru
Divya Sharma

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Nippon India Banking & Financial Services Fund Direct Growth

Fund Overview