Markets / Mutual funds / Sectoral / Thematic

Nippon India Banking & Financial Services Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

Nippon India Mutual Fund · Equity fund · Direct plan · Growth

Sectoral / ThematicDirect · GrowthRisk: Very High

NAV · 6 Nov 2026

₹715.5527 ▲ 2.18%

Nippon India Mutual Fund

Fund size₹7,795 crJuly - September 2026

1-month range₹650.99 – 715.55

1 year+1.25%rank 135 of 204

3 years+12.79%a year

5 years+12.84%a year

What the fund does

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.

BenchmarkNifty Financial Services Index TRI

Launched26 May 2003

Fund houseNippon India Mutual Fund

Fund managersFM 1 Vinay SharmaFM 2 Bhavik Dave

NAV history

Returns

1 week

+9.46%avg 5.2%

1 month

+5.53%avg 3.0%

3 months

+0.59%avg -1.6%

6 months

+1.99%avg 3.7%

This year

-1.22%avg 4.5%

1 year

+1.25%avg 5.5% · #135/204

3 years (a year)

+12.79%avg 15.3% · #83/127

5 years (a year)

+12.84%avg 13.0% · #42/90

Bars: this plan; the thin mark is the Sectoral / Thematic average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												-1.5
2025	-2.3	-1.9	+6.5	+5.9	+2.4	+4.3	-2.7	-5.0	+2.4	+5.1	+3.1	-0.6
2026	-0.6	+1.1	-14.8	+10.4	-0.5	+4.4	-0.5	+1.7	-6.8	-2.6	+9.5

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held3336 lines in all

Top 10 stocks61.1%of the fund

Short positions-0.2%sold through derivatives

Net equity99.0%long stocks and derivatives minus shorts

Where the money is

Equity 99.2%Cash & others 0.8%Short -0.2%

Sectors (stocks held)

Banks

55.2%

Finance

19.9%

Insurance

11.2%

Capital Markets

8.9%

Financial Technology (Fintech)

4.0%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	99.2%	98.6%	+0.63
Short positions	-0.2%	-0.1%	-0.01
Cash & others	0.8%	1.4%	-0.63
Top 10 stocks	61.1%	58.5%	+2.61
Number of stocks	33	37	-4

Stocks sold off 4

Bajaj Finance Limitedwas 1.67%
SBI Life Insurance Company Limitedwas 1.66%
ICICI Prudential Asset Management Company Limitedwas 1.41%
UTI Asset Management Company Limitedwas 0.92%

Bought more 8

HDFC Bank Limited+3.50
HDFC Life Insurance Company Limited+1.03
Life Insurance Corporation Of India+0.99
ICICI Prudential Life Insurance Company Limited+0.97
Piramal Finance Limited+0.47
HDFC Asset Management Company Limited+0.45
Kotak Mahindra Bank Limited+0.26
PNB Housing Finance Limited+0.25

Cut back 3

Bajaj Finserv Limited-0.91
State Bank of India-0.75
ICICI Bank Limited-0.32

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 33

Holding	Sector / type	% of fund
HDFC Bank Limited INE040A01034	Banks	15.76%
ICICI Bank Limited INE090A01021	Banks	13.26%
Axis Bank Limited INE238A01034	Banks	9.00%
State Bank of India INE062A01020	Banks	4.97%
Kotak Mahindra Bank Limited INE237A01036	Banks	4.06%
SBI Cards and Payment Services Limited INE018E01016	Finance	3.36%
HDFC Asset Management Company Limited INE127D01025	Capital Markets	2.99%
IndusInd Bank Limited INE095A01012	Banks	2.65%
Cholamandalam Financial Holdings Limited INE149A01033	Finance	2.53%
ICICI Prudential Life Insurance Company Limited INE726G01019	Insurance	2.49%
Multi Commodity Exchange of India Limited INE745G01043	Capital Markets	2.47%
Bajaj Finserv Limited INE918I01026	Finance	2.35%
Aye Finance Limited INE501X01029	Finance	2.30%
PNB Housing Finance Limited INE572E01012	Finance	2.27%
Max Financial Services Limited INE180A01020	Insurance	2.27%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	2.25%
HDFC Life Insurance Company Limited INE795G01014	Insurance	2.15%
Star Health And Allied Insurance Company Limited INE575P01011	Insurance	2.04%
Equitas Small Finance Bank Limited INE063P01018	Banks	2.02%
Piramal Finance Limited INE202B01038	Finance	1.93%
Pine Labs Limited INE15B701018	Financial Technology (Fintech)	1.80%
AU Small Finance Bank Limited INE949L01017	Banks	1.73%
Union Bank of India INE692A01016	Banks	1.71%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	1.67%
KFin Technologies Limited INE138Y01010	Capital Markets	1.65%
Angel One Limited INE732I01021	Capital Markets	1.46%
L&T Finance Limited INE498L01015	Finance	1.32%
Sundaram Finance Limited INE660A01013	Finance	1.22%
Aptus Value Housing Finance India Limited INE852O01025	Finance	1.08%
Poonawalla Fincorp Limited INE511C01022	Finance	0.86%
Aavas Financiers Limited INE216P01012	Finance	0.66%
Seshaasai Technologies Limited INE04VU01023	Financial Technology (Fintech)	0.54%
Gaja Alternative Asset Management Ltd INE18UN01038	Capital Markets	0.37%

Show 18 moreShow fewer

Short positions 1

Holding	Sector / type	% of fund
Net Current Assets	–	-0.15%

Debt, money market and cash 2

Holding	Sector / type	% of fund
Triparty Repo	–	0.95%
Cash Margin - CCIL	–	0.01%

From the fund house's monthly portfolio (mf.nipponindiaim.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility17.4%yearly, from daily NAVs

Worst fall-45.28%31 May 2019 → 29 May 2020

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 May 2016).

Fund details

Fund size (average AUM, July - September 2026)	₹7,795 cr across all plans · this plan ₹1,529 cr
Fund house	Nippon India Mutual Fund
Category	Equity · Sectoral / Thematic
Plan	Direct
Option	Growth
Exit load	1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
Minimum investment	₹5,000 · additional ₹1,000
Scheme code (AMFI)	118589
ISIN	INF204K01XO1
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · IDCW	₹715.5527	+1.25%
Direct · IDCW	₹103.9291	-6.08%
Regular · Growth	₹647.6517	+0.40%
Regular · IDCW	₹647.6517	+0.40%
Regular · IDCW	₹68.6706	-7.09%

Top Sectoral / Thematic funds (direct plans)

Fund	1 year	3 years (a year)
Nippon India Taiwan Equity Fund	+39.55%	+42.38%
HDFC Defence Fund	+20.78%	+35.14%
HDFC Pharma and Healthcare Fund	+28.23%	+31.72%
SBI HEALTHCARE OPPORTUNITIES FUND	+22.32%	+25.68%
HDFC Transportation and Logistics Fund	+9.94%	+25.29%
Mirae Asset Healthcare Fund	+24.35%	+25.21%
UTI - Healthcare Fund	+18.81%	+24.71%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND	+11.93%	+23.21%
Nippon India Banking & Financial Services Fund	+1.25%	+12.79%

All Sectoral / Thematic funds ranked › · Compare with others ›

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Information only, not investment advice.

What is the NAV of Nippon India Banking & Financial Services Fund - Direct Plan - Growth today?

₹715.5527 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: 1.25%, 3 years: 12.79% a year, 5 years: 12.84% a year

How does Nippon India Banking & Financial Services Fund rank in its category?

135 of 204 Sectoral / Thematic funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.