ITI Banking and Financial Services Fund vs Nippon India Banking & Financial Services Fund
ITI Banking and Financial Services Fund and Nippon India Banking & Financial Services Fund are both Banking & Financial Services Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.45% vs +12.59%, 5-year CAGR — vs +12.48%, volatility 16.76% vs 16.51%, maximum drawdown −16.72% vs −50.56%. Their portfolios overlap by 47.9% (12 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
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Fund house | ITI Mutual Fund | Nippon India Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹17.5702 | ₹715.5527 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 8 Dec 2021 | 2 Jan 2013 |
| Track record | 4.9 yrs | 13.8 yrs |
| Fund size (AUM) | ₹362 Cr | ₹7,367 Cr |
| Securities held | 33 | 33 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 1 month | +5.39% | +5.53% |
| 3 months | −0.79% | +0.59% |
| 6 months | +2.83% | +1.99% |
| 1 year | +3.41% | +1.25% |
| 3 years (CAGR) | +13.45% | +12.59% |
| 5 years (CAGR) | — | +12.48% |
| 7 years (CAGR) | — | +13.70% |
| 10 years (CAGR) | — | +13.60% |
| Since launch (CAGR) | +11.46% | +13.57% |
| SIP return (XIRR, 5 years) ⓘ | — | +12.63% |
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
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| 2026 (year to date) | +0.17% | −1.22% |
| 2025 | +22.69% | +18.39% |
| 2024 | +8.76% | +11.25% |
| 2023 | +16.85% | +25.11% |
| 2022 | +11.83% | +21.75% |
| 2021 | — | +30.66% |
Risk
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 16.76% | 16.51% |
| Downside volatility ⓘ | 11.32% | 11.36% |
| Sharpe ratio ⓘ | 0.42 | 0.37 |
| Sortino ratio ⓘ | 0.61 | 0.54 |
| Maximum drawdown ⓘ | −16.72% | −50.56% |
| Recovery from that fall | — | 9 months |
| Current fall from peak | −2.87% | −3.84% |
| Rolling 1-year return: worst | −6.57% | −50.51% |
| Rolling 1-year return: median | +14.65% | +14.54% |
| Rolling 1-year return: best | +33.64% | +116.94% |
| Share of 1-year periods with a loss | 1.25% | 19.24% |
Against each fund's benchmark
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Beta ⓘ | 0.94 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | +1.16% | +0.17% |
| R² ⓘ | 80.74 | 80.81 |
| Upside capture | 97.99% | 95.98% |
| Downside capture | 90.75% | 94.45% |
| Tracking error | 7.23% | 7.10% |
| Information ratio | 0.11 | -0.04 |
| Treynor ratio | 4.82 | 3.71 |
Portfolio
Asset mix
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Equity | 91.00% | 99.19% |
| Cash & equivalents | 9.00% | 0.81% |
Market-cap split (share of fund assets)
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Large Cap | 59.37% | 58.50% |
| Mid Cap | 12.78% | 21.97% |
| Small Cap | 16.56% | 18.35% |
| Unclassified | 2.29% | 0.37% |
Concentration
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Top 10 holdings | 59.20% | 61.07% |
| Effective number of stocks ⓘ | 21 | 15.2 |
| Securities held | 33 | 33 |
Portfolio overlap: 47.9%
12 companies are held by both funds; by weight, 47.9% of the two portfolios is the same. That is a moderate overlap.
| Held by both | ITI Banking and Financial Services | Nippon India Banking & Financial Services |
|---|---|---|
| ICICI Bank Limited | 10.97% | 13.26% |
| HDFC Bank Limited | 9.19% | 15.76% |
| Axis Bank Limited | 7.66% | 9.00% |
| State Bank of India | 6.66% | 4.97% |
| Kotak Mahindra Bank Limited | 5.80% | 4.06% |
| Multi Commodity Exchange of India Limited | 2.17% | 2.47% |
| HDFC Life Insurance Company Limited | 2.06% | 2.15% |
| AU Small Finance Bank Limited | 1.92% | 1.73% |
| Union Bank of India | 1.51% | 1.71% |
| IndusInd Bank Limited | 1.49% | 2.65% |
| PNB Housing Finance Limited | 1.27% | 2.27% |
| Poonawalla Fincorp Limited | 1.44% | 0.86% |
Top 10 holdings
ITI Banking and Financial Services
- ICICI Bank Limited10.97%
- HDFC Bank Limited9.19%
- Axis Bank Limited7.66%
- State Bank of India6.66%
- Bajaj Finance Limited6.30%
- Kotak Mahindra Bank Limited5.80%
- Shriram Finance Limited4.91%
- Cholamandalam Investment and Finance Company Ltd3.30%
- RBL Bank Limited2.24%
- Multi Commodity Exchange of India Limited2.17%
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
| ITI Banking and Financial Services | Nippon India Banking & Financial Services | |
|---|---|---|
| Banks | 57.66% | 55.16% |
| Finance | 22.66% | 19.88% |
| Insurance | 2.06% | 11.20% |
| Capital Markets | 5.60% | 8.94% |
| Financial Technology (Fintech) | 3.02% | 4.01% |
Questions people ask
What is the difference between ITI Banking and Financial Services and Nippon India Banking & Financial Services returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +3.41% vs +1.25%; 3-year CAGR +13.45% vs +12.59%; 5-year CAGR — vs +12.48%; 10-year CAGR — vs +13.60%. Past returns do not indicate future returns.
How do ITI Banking and Financial Services and Nippon India Banking & Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 16.76% vs 16.51%; Sharpe ratio 0.42 vs 0.37; Sortino ratio 0.61 vs 0.54; maximum drawdown −16.72% vs −50.56%; beta 0.94 vs 0.91.
How much do ITI Banking and Financial Services and Nippon India Banking & Financial Services overlap?
By weight, 47.9% of the two portfolios is invested in the same companies; 12 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 ITI Banking and Financial Services and Nippon India Banking & Financial Services?
ITI Banking and Financial Services: large cap 59.4%, mid cap 12.8%, small cap 16.6%. 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 6 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.