HDFC Banking & Financial Services Fund vs Nippon India Banking & Financial Services Fund
HDFC Banking & Financial Services Fund and Nippon India Banking & Financial Services Fund are both Banking & Financial Services Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.96% vs +11.96%, 5-year CAGR +11.23% vs +12.01%, volatility 16.86% vs 16.15%, maximum drawdown −21.72% vs −50.56%. Their portfolios overlap by 54.9% (14 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹19.1150 | ₹700.2805 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 1 Jul 2021 | 2 Jan 2013 |
| Track record | 5.3 yrs | 13.8 yrs |
| Fund size (AUM) | ₹4,425 Cr | ₹7,367 Cr |
| Securities held | 37 | 33 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 1 month | +3.70% | +3.11% |
| 3 months | −2.50% | −2.45% |
| 6 months | +0.81% | −0.83% |
| 1 year | +1.94% | −1.45% |
| 3 years (CAGR) | +12.96% | +11.96% |
| 5 years (CAGR) | +11.23% | +12.01% |
| 7 years (CAGR) | — | +13.44% |
| 10 years (CAGR) | — | +13.36% |
| Since launch (CAGR) | +13.07% | +13.39% |
| SIP return (XIRR, 5 years) ⓘ | +12.39% | +11.74% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 2026 (year to date) | −0.90% | −3.33% |
| 2025 | +18.13% | +18.39% |
| 2024 | +11.28% | +11.25% |
| 2023 | +23.24% | +25.11% |
| 2022 | +16.99% | +21.75% |
| 2021 | — | +30.66% |
Risk
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.86% | 16.15% |
| Downside volatility ⓘ | 11.34% | 11.36% |
| Sharpe ratio ⓘ | 0.38 | 0.34 |
| Sortino ratio ⓘ | 0.57 | 0.48 |
| Maximum drawdown ⓘ | −21.72% | −50.56% |
| Recovery from that fall | 5 months | 9 months |
| Current fall from peak | −3.79% | −5.89% |
| Rolling 1-year return: worst | −5.78% | −50.51% |
| Rolling 1-year return: median | +14.77% | +14.54% |
| Rolling 1-year return: best | +40.29% | +116.94% |
| Share of 1-year periods with a loss | 4.76% | 19.27% |
Against each fund's benchmark
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Beta ⓘ | 0.97 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | +1.06% | +0.17% |
| R² ⓘ | 81.59 | 80.81 |
| Upside capture | 100.27% | 95.98% |
| Downside capture | 94.46% | 94.45% |
| Tracking error | 7.20% | 7.10% |
| Information ratio | 0.11 | -0.04 |
| Treynor ratio | 4.64 | 3.71 |
Portfolio
Asset mix
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Equity | 99.41% | 99.19% |
| Cash & equivalents | 0.59% | 0.81% |
Market-cap split (share of fund assets)
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Large Cap | 68.82% | 58.50% |
| Mid Cap | 11.06% | 21.97% |
| Small Cap | 17.38% | 18.35% |
| Unclassified | 2.15% | 0.37% |
Concentration
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Top 10 holdings | 66.15% | 61.07% |
| Effective number of stocks ⓘ | 15.8 | 15.2 |
| Securities held | 37 | 33 |
Portfolio overlap: 54.9%
14 companies are held by both funds; by weight, 54.9% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | HDFC Banking & Financial Services | Nippon India Banking & Financial Services |
|---|---|---|
| ICICI Bank Limited | 13.85% | 13.26% |
| HDFC Bank Limited | 12.89% | 15.76% |
| Axis Bank Limited | 7.76% | 9.00% |
| State Bank of India | 6.07% | 4.97% |
| Kotak Mahindra Bank Limited | 8.61% | 4.06% |
| AU Small Finance Bank Limited | 2.40% | 1.73% |
| Equitas Small Finance Bank Limited | 1.63% | 2.02% |
| Life Insurance Corporation Of India | 1.61% | 2.25% |
| PNB Housing Finance Limited | 1.61% | 2.27% |
| Angel One Limited | 1.67% | 1.46% |
| Max Financial Services Limited | 1.40% | 2.27% |
| IndusInd Bank Limited | 1.02% | 2.65% |
| Poonawalla Fincorp Limited | 1.35% | 0.86% |
| HDFC Life Insurance Company Limited | 0.59% | 2.15% |
Top 10 holdings
HDFC Banking & Financial Services
- ICICI Bank Limited13.85%
- HDFC Bank Limited12.89%
- Kotak Mahindra Bank Limited8.61%
- Axis Bank Limited7.76%
- State Bank of India6.07%
- Shriram Finance Limited4.22%
- Bajaj Finance Limited3.96%
- SBI Life Insurance Company Limited3.72%
- Five Star Business Finance Limited2.67%
- AU Small Finance Bank Limited2.40%
Nippon India Banking & Financial Services
- HDFC Bank Limited15.76%
- ICICI Bank Limited13.26%
- Axis Bank Limited9.00%
- State Bank of India4.97%
- Kotak Mahindra Bank Limited4.06%
- SBI Cards and Payment Services Limited3.36%
- HDFC Asset Management Company Limited2.99%
- IndusInd Bank Limited2.65%
- Cholamandalam Financial Holdings Limited2.53%
- ICICI Prudential Life Insurance Company Ltd.2.49%
Sector exposure
| HDFC Banking & Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Banks | 58.27% | 55.16% |
| Finance | 22.76% | 19.88% |
| Insurance | 9.21% | 11.20% |
| Capital Markets | 8.41% | 8.94% |
| Financial Technology (Fintech) | 0.76% | 4.01% |
Questions people ask
What is the difference between HDFC Banking & Financial Services and Nippon India Banking & Financial Services returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.94% vs −1.45%; 3-year CAGR +12.96% vs +11.96%; 5-year CAGR +11.23% vs +12.01%; 10-year CAGR — vs +13.36%. Past returns do not indicate future returns.
How do HDFC Banking & Financial Services and Nippon India Banking & Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 16.86% vs 16.15%; Sharpe ratio 0.38 vs 0.34; Sortino ratio 0.57 vs 0.48; maximum drawdown −21.72% vs −50.56%; beta 0.97 vs 0.91.
How much do HDFC Banking & Financial Services and Nippon India Banking & Financial Services overlap?
By weight, 54.9% of the two portfolios is invested in the same companies; 14 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Banking & Financial Services and Nippon India Banking & Financial Services?
HDFC Banking & Financial Services: large cap 68.8%, mid cap 11.1%, small cap 17.4%. Nippon India Banking & Financial Services: large cap 58.5%, mid cap 22.0%, small cap 18.4% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.