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Nippon India Banking & PSU Debt Fund Direct Growth
DebtBanking & PSUModerate Risk
Direct
NAV (24-Apr-26)
₹22.35-0.07%1D
Returns (Since Inception)
7.63%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹5,181 Cr
Expense Ratio
0.38%
ISIN
INF204KA1U53
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
15 May 2015
About this fund
Nippon India Banking & PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by Nippon India Mutual Fund. This fund has been in existence for 10 years, 11 months and 11 days, having been launched on 15-May-15.
As of 24-Apr-26, it has a Net Asset Value (NAV) of ₹22.35, Assets Under Management (AUM) of 5181.37 Crores, and an expense ratio of 0.38%.
As of 24-Apr-26, it has a Net Asset Value (NAV) of ₹22.35, Assets Under Management (AUM) of 5181.37 Crores, and an expense ratio of 0.38%.
- Nippon India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.63% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 90.77% in debts, and 8.91% in cash & cash equivalents.
- You can start investing in Nippon India Banking & PSU Debt 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
+4.58%
+4.43% (Cat Avg.)
3 Years
+7.16%
+6.70% (Cat Avg.)
5 Years
+6.26%
+5.95% (Cat Avg.)
10 Years
+7.45%
+8.15% (Cat Avg.)
Since Inception
+7.63%
— (Cat Avg.)
Portfolio Summaryas of 15th April 2026
| Debt | ₹4,703.01 Cr | 90.77% |
| Others | ₹478.36 Cr | 9.23% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹176.27 Cr | 3.40% |
| National Housing Bank | Bond - Corporate Bond | ₹175.9 Cr | 3.39% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹155.3 Cr | 2.99% |
| Triparty Repo | Cash - Repurchase Agreement | ₹130.88 Cr | 2.52% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹129.97 Cr | 2.51% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹126.38 Cr | 2.44% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹124.8 Cr | 2.41% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹120.99 Cr | 2.33% |
| 7.26% Govt Stock 2032 | Bond - Gov't/Treasury | ₹102.14 Cr | 1.97% |
| Union Bank Of India | Bond - Corporate Bond | ₹102.06 Cr | 1.97% |
| Nuclear Power Corporation Of India Limited | Bond - Corporate Bond | ₹100.89 Cr | 1.94% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹100.88 Cr | 1.94% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹99.93 Cr | 1.93% |
| National Housing Bank | Bond - Corporate Bond | ₹99.68 Cr | 1.92% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹98.5 Cr | 1.90% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹94.82 Cr | 1.83% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹91.64 Cr | 1.77% |
| Net Current Assets | Cash | ₹88.59 Cr | 1.71% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹87.74 Cr | 1.69% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹80.36 Cr | 1.55% |
| Andhra Pradesh (Government of) 7.96% | Bond - Sub-sovereign Government Debt | ₹76.25 Cr | 1.47% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹75.47 Cr | 1.45% |
| 7.17% Gujarat Sgs 2032 | Bond - Gov't/Treasury | ₹74.53 Cr | 1.44% |
| Rec Limited | Bond - Corporate Bond | ₹74.22 Cr | 1.43% |
| ICICI Bank Limited | Bond - Corporate Bond | ₹73.73 Cr | 1.42% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹70.6 Cr | 1.36% |
| National Bank For Financing Infrastructure And Development | Bond - Corporate Bond | ₹68.22 Cr | 1.31% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹66.91 Cr | 1.29% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹64.24 Cr | 1.24% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹60.55 Cr | 1.17% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹60.52 Cr | 1.17% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹59.97 Cr | 1.16% |
| 6.48% Govt Stock 2035 | Bond - Gov't/Treasury | ₹53.5 Cr | 1.03% |
| 6.68% Govt Stock 2040 | Bond - Gov't/Treasury | ₹52.46 Cr | 1.01% |
| Rec Limited | Bond - Corporate Bond | ₹50.36 Cr | 0.97% |
| Rec Limited | Bond - Corporate Bond | ₹50.3 Cr | 0.97% |
| National Housing Bank | Bond - Corporate Bond | ₹50.23 Cr | 0.97% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹50.23 Cr | 0.97% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹50.19 Cr | 0.97% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹50.08 Cr | 0.97% |
| 7.31% Tamilnadu Sgs 2033 | Bond - Gov't/Treasury | ₹49.74 Cr | 0.96% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.74 Cr | 0.96% |
| Tamil Nadu (Government of) 7.12% | Bond - Sub-sovereign Government Debt | ₹49.57 Cr | 0.96% |
| National Housing Bank | Bond - Corporate Bond | ₹49.55 Cr | 0.96% |
| SIDDHIVINAYAK SECURITISATION TRUST | Bond - Asset Backed | ₹49.42 Cr | 0.95% |
| SHIVSHAKTI SECURITISATION TRUST | Bond - Asset Backed | ₹49.3 Cr | 0.95% |
| ICICI Bank Limited | Bond - Corporate Bond | ₹49.25 Cr | 0.95% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹49.19 Cr | 0.95% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹48.43 Cr | 0.93% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹47.89 Cr | 0.92% |
| Export Import Bank Of India | Cash - Commercial Paper | ₹47.47 Cr | 0.91% |
| Canara Bank | Cash - CD/Time Deposit | ₹47.15 Cr | 0.91% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹47.06 Cr | 0.91% |
| Maharashtra (Government of) 7.91% | Bond - Sub-sovereign Government Debt | ₹40.85 Cr | 0.79% |
| Kotak Mahindra Prime Limited | Bond - Corporate Bond | ₹40.06 Cr | 0.77% |
| Poonawalla Fincorp Limited | Bond - Corporate Bond | ₹40.02 Cr | 0.77% |
| 7.11% Karnataka Sgs 2033 | Bond - Gov't/Treasury | ₹39.24 Cr | 0.76% |
| 6.28% Govt Stock 2032 | Bond - Gov't/Treasury | ₹34.04 Cr | 0.66% |
| 7.06% Andhra Sdl 2030 | Bond - Gov't/Treasury | ₹29.82 Cr | 0.57% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹25.63 Cr | 0.49% |
| 7.66% Gujarat Sgs 2032 | Bond - Gov't/Treasury | ₹25.39 Cr | 0.49% |
| National Highways Authority Of India | Bond - Corporate Bond | ₹25.36 Cr | 0.49% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹25.35 Cr | 0.49% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.19 Cr | 0.49% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.18 Cr | 0.49% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.17 Cr | 0.49% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.14 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.14 Cr | 0.48% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹25.13 Cr | 0.48% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹25.13 Cr | 0.48% |
| Aditya Birla Capital Limited | Bond - Corporate Bond | ₹25.1 Cr | 0.48% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹25.09 Cr | 0.48% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹24.93 Cr | 0.48% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹24.9 Cr | 0.48% |
| Indian Railway Finance Corporation Limited | Bond - Corporate Bond | ₹24.78 Cr | 0.48% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.75 Cr | 0.48% |
| L&T Metro Rail (Hyderabad) Limited | Bond - Corporate Bond | ₹24.61 Cr | 0.47% |
| 7.17% Uttarpradesh Sgs 2033 | Bond - Gov't/Treasury | ₹24.53 Cr | 0.47% |
| Ntpc Limited | Bond - Corporate Bond | ₹24.1 Cr | 0.46% |
| National Highways Infra TRust | Bond - Corporate Bond | ₹20.71 Cr | 0.40% |
| Nhpc Limited | Bond - Corporate Bond | ₹20.11 Cr | 0.39% |
| Numaligarh Refinery Ltd | Bond - Corporate Bond | ₹19.58 Cr | 0.38% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Unspecified | ₹16.91 Cr | 0.33% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹15.27 Cr | 0.29% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹15.1 Cr | 0.29% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹15.08 Cr | 0.29% |
| 7.13% Karnataka Sgs 2034 | Bond - Gov't/Treasury | ₹14.62 Cr | 0.28% |
| ICICI Prudential Life Insurance Company Limited | Bond - Corporate Bond | ₹12.44 Cr | 0.24% |
| Sbi General Insurance Company Limited | Bond - Corporate Bond | ₹12.23 Cr | 0.24% |
| 8.48% Kerala SDL 2030 | Bond - Gov't/Treasury | ₹10.45 Cr | 0.20% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹10.32 Cr | 0.20% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹10.26 Cr | 0.20% |
| 7.7% Karnataka Sgs 2033 | Bond - Gov't/Treasury | ₹10.14 Cr | 0.20% |
| Rec Limited | Bond - Corporate Bond | ₹10.05 Cr | 0.19% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.02 Cr | 0.19% |
| 7.15% Andhra Sdl 2031 | Bond - Gov't/Treasury | ₹9.93 Cr | 0.19% |
| 6.64% Govt Stock 2035 | Bond - Gov't/Treasury | ₹9.8 Cr | 0.19% |
| 7.63% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹9.02 Cr | 0.17% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.12 Cr | 0.10% |
| Rec Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.10% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹5.04 Cr | 0.10% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.10% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.01 Cr | 0.10% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹5.01 Cr | 0.10% |
| 6.7% Andhra Sdl 2026 | Bond - Gov't/Treasury | ₹5 Cr | 0.10% |
| 7.49% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹4.97 Cr | 0.10% |
| 7.04% Karnataka Sgs 2032 | Bond - Gov't/Treasury | ₹3.94 Cr | 0.08% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹3.37 Cr | 0.06% |
| 7.12% Maharashtra Sgs 2036 | Bond - Gov't/Treasury | ₹2.88 Cr | 0.06% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.01 Cr | 0.04% |
| 7.04% Govt Stock 2029 | Bond - Gov't/Treasury | ₹1.33 Cr | 0.03% |
| Cash Margin - Ccil | Cash - Collateral | ₹1.08 Cr | 0.02% |
| 6.22% Govt Stock 2028 | Bond - Gov't/Treasury | ₹1.01 Cr | 0.02% |
| 7.44% Karnataka Sgs 2034 | Bond - Gov't/Treasury | ₹0.75 Cr | 0.01% |
| Interest Rate Swaps Pay Floating Receive Fix (27/03/2031) (Fv 5000 Lacs) | Interest Rate Swap | ₹0.35 Cr | 0.01% |
| National Highways Authority Of India | Bond - Corporate Bond | ₹0.21 Cr | 0.00% |
| Nhpc Limited | Bond - Corporate Bond | ₹0.2 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹3,875.73 Cr | 74.71% |
| Bond - Gov't/Treasury | ₹572.6 Cr | 11.04% |
| Cash - CD/Time Deposit | ₹189.04 Cr | 3.64% |
| Bond - Sub-sovereign Government Debt | ₹166.66 Cr | 3.21% |
| Cash - Repurchase Agreement | ₹130.88 Cr | 2.52% |
| Bond - Asset Backed | ₹98.72 Cr | 1.90% |
| Cash | ₹88.59 Cr | 1.71% |
| Cash - Commercial Paper | ₹47.47 Cr | 0.91% |
| Mutual Fund - Unspecified | ₹16.91 Cr | 0.33% |
| Cash - Collateral | ₹1.08 Cr | 0.02% |
| Interest Rate Swap | ₹0.35 Cr | 0.01% |
Risk & Performance Ratios
Standard Deviation
This fund
1.48%
Cat. avg.
1.57%
Lower the better
Sharpe Ratio
This fund
0.43
Cat. avg.
0.18
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.34
Higher the better
Fund Managers
Vivek Sharma
Since June 2020
Pranay Sinha
Since March 2021
KD
Kinjal Desai
Since May 2018
AS
Amber Singhania
Since March 2026
Additional Scheme Detailsas of 15th April 2026
ISIN INF204KA1U53 | Expense Ratio 0.38% | Exit Load No Charges | Fund Size ₹5,181 Cr | Age 10 years 11 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Banking and PSU Debt A-II 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 Banking & PSU Funds
About the AMC
Nippon India Mutual Fund
Total AUM
₹7,58,994 Cr
Address
4th Floor, Tower A, Peninsula Business Park, Mumbai, 400 013
Other Funds by Nippon India Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Nippon India Banking & PSU Debt Fund Direct Growth?
The NAV of Nippon India Banking & PSU Debt Fund Direct Growth, as of 24-Apr-2026, is ₹22.35.
What are the returns of Nippon India Banking & PSU Debt Fund Direct Growth?
The fund has generated 4.58% over the last 1 year and 7.16% 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 & PSU Debt Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 90.77% in bonds, and 8.91% in cash and cash equivalents.
Who manages the Nippon India Banking & PSU Debt Fund Direct Growth?
The fund managers responsible for Nippon India Banking & PSU Debt Fund Direct Growth are:-
- Vivek Sharma
- Pranay Sinha
- Kinjal Desai
- Amber Singhania
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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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
