Nippon India Banking & Financial Services Fund

Regular Plan · Growth Option · Sectoral / Thematic · Scheme code 101862

NAV₹622.2450as on 25 Sep 2026

Fund houseNippon India Mutual Fund

CategorySectoral / Thematic

Plan & optionRegular · Growth Option

History20.5 years

Returns (%)

	1M	3M	6M	1Y	3Y	5Y	7Y	10Y	Launch
This scheme	-2.31	-1.33	2.04	1.14	9.95	11.79	13.70	12.04	15.69
Nifty 500 benchmark	0.87	4.31	2.15	5.20	12.49	11.41	—	—	15.49
Sectoral / Thematic category median	—	—	—	2.21	13.47	10.56	—	13.46	—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

	Volatility	Sharpe	Sortino	Beta	Alpha	Max fall	R²
This scheme	24.0%	0.14	0.21	1.24	-3.08%	-57.4%	78.12
Nifty 500 benchmark	17.2%	0.35	0.47	—	—	-37.3%	—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 83 months this scheme and its benchmark share.

Growth of ₹100 since launch

Drawdown from peak (%)

Every one-year period it has lived through

Windows	Worst	Median	Best	Periods that lost money
958	-48.6%	15.5%	157.1%	24%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up capture	Down capture	Correlation	Tracking error	Information ratio	Treynor
112%	117%	0.88	12.6%	-0.08	6.01

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 83 months this scheme and Nifty 500 share.

Nippon India Banking & Financial Services Fund

Regular Plan · Growth Option

Allocation

By asset

Equity	98.56%
Cash & Equivalents	1.44%

By market cap

Large Cap	58.93%
Mid Cap	20.40%
Small Cap	18.86%
Unclassified	0.37%

Concentration

Number of stocks	37
Top 5 stocks	44.25%
Top 10 stocks	58.46%
Top 20 stocks	78.47%
Lines in the filing	40

Largest holding	13.58%
Largest sector	Banks 52.55%
Effective stocks	17.6
Sectors held	5
Cash	1.44%

Effective stocks is what the concentration works out to: a fund holding 37 names but most of its money in a few behaves like a fund of 18. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks	52.55%
Finance	21.60%
Capital Markets	10.80%
Insurance	9.80%
Financial Technology (Fintech)	3.81%
Cash & Equivalents	1.44%

Nippon India Banking & Financial Services Fund

Regular Plan · Growth Option · holdings

Top 30 holdings

#	Company	Sector	Shares held	Value ₹ cr	% of fund
1	ICICI Bank Limited	Banks	7,388,887	1,074	13.58%
2	HDFC Bank Limited	Banks	13,679,320	970	12.26%
3	Axis Bank Limited	Banks	5,408,065	703	8.89%
4	State Bank of India	Banks	4,265,352	452	5.72%
5	Kotak Mahindra Bank Limited	Banks	7,172,870	301	3.80%
6	Bajaj Finserv Limited	Finance	1,275,773	258	3.26%
7	SBI Cards and Payment Services Limited	Finance	3,893,792	251	3.17%
8	IndusInd Bank Limited	Banks	2,164,124	220	2.78%
9	HDFC Asset Management Company Limited	Capital Markets	766,488	201	2.54%
10	Aye Finance Limited	Finance	10,854,762	195	2.46%
11	Cholamandalam Financial Holdings Limited	Finance	1,279,877	190	2.40%
12	Multi Commodity Exchange of India Limited	Capital Markets	550,540	187	2.37%
13	Max Financial Services Limited	Insurance	1,117,524	176	2.22%
14	Equitas Small Finance Bank Limited	Banks	21,553,986	159	2.02%
15	PNB Housing Finance Limited	Finance	1,391,018	160	2.02%
16	Star Health And Allied Insurance Company Limited	Insurance	2,809,598	160	2.02%
17	KFin Technologies Limited	Capital Markets	1,443,529	140	1.77%
18	Union Bank of India	Banks	7,372,337	139	1.76%
19	AU Small Finance Bank Limited	Banks	1,263,957	137	1.74%
20	One 97 Communications Limited	Financial Technology (Fintech)	778,098	134	1.69%
21	Bajaj Finance Limited	Finance	1,248,587	132	1.67%
22	SBI Life Insurance Company Limited	Insurance	752,882	131	1.66%
23	Pine Labs Limited	Financial Technology (Fintech)	7,700,000	126	1.60%
24	Triparty Repo	Unclassified	—	124	1.57%
25	ICICI Prudential Life Insurance Company Limited	Insurance	2,318,409	120	1.52%
26	L&T Finance Limited	Finance	3,669,190	118	1.49%
27	Piramal Finance Limited	Finance	500,454	115	1.46%
28	Angel One Limited	Capital Markets	3,913,700	112	1.42%
29	ICICI Prudential Asset Management Company Limited	Capital Markets	363,803	112	1.41%
30	Life Insurance Corporation Of India	Insurance	2,384,201	100	1.26%

Nippon India Banking & Financial Services Fund

Regular Plan · Growth Option · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

Bought	Sold	New positions	Sold out of	Price move of holdings
₹127 cr	₹160 cr	1	0	-0.03%

Stock	Shares traded	Shares	Price	Value ₹ cr
New position
Union Bank of India	1,700,000	entered	—	29.1
Added to
HDFC Asset Management Company Limited	230,000	+52.7%	-1.4%	60.2
PNB Housing Finance Limited	134,872	+12.8%	+1.4%	14.2
Aptus Value Housing Finance India Limited	396,792	+13.2%	-6.3%	10.4
ICICI Prudential Life Insurance Company Limited	200,000	+9.4%	+5.6%	10.3
State Bank of India	100,000	+2.4%	+0.1%	10.3
Pine Labs Limited	700,000	+10.0%	-11.4%	9.7
Star Health And Allied Insurance Company Limited	161,628	+6.1%	+2.1%	9.7
Aye Finance Limited	158,559	+1.7%	-4.1%	2.6
Trimmed
ICICI Prudential Asset Management Company Limited	120,170	-22.5%	-6.1%	37.4
HDB Financial Services Limited	470,000	-81.3%	-8.6%	32.3
Power Finance Corporation Limited	750,000	-31.9%	+0.0%	31.8
UTI Asset Management Company Limited	200,000	-17.5%	-3.4%	18.1
ICICI Lombard General Insurance Company Limited	100,000	-22.5%	-6.8%	16.2
Bajaj Finance Limited	100,000	-7.4%	+13.6%	11.4
L&T Finance Limited	330,000	-8.3%	+0.2%	10.3
SBI Life Insurance Company Limited	10,576	-0.8%	+6.6%	2.0

Not equity	Previous filing	This filing	Change
Cash, repo and TREPS	₹0 cr	₹0 cr	+₹0 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

A ₹10,000 monthly SIP over five years

Invested	Value	Gain	XIRR
₹600,000	₹794,940	₹194,940	11.20%

XIRR, not CAGR — a SIP's money arrives over sixty months, so each instalment has been invested for a different length of time.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 27 Sep 2026.