Nippon India Banking and Financial Services Fund - Dividend Plan-IDCW Payout Option
Nippon India Mutual Fund
₹64.77 (+0.99%)
NAV as of 9 Oct 2026
Minimum Investment: ₹5,000
Return
-3.55% Returns for 1Y
Expense ratio & Others
- Net expense ratio
- 1.84%
- Exit load
- 0%
- Lock-in
- No
- Minimum investment
- ₹5,000
- Category
- Sector - Financial Services
Expense ratio is inclusive of GST. Returns may be taxed based on the fund type and your holding period — please read the scheme-related documents and consult a tax advisor. Figures are historical and do not guarantee future results.
Fund Returns Estimator
One-time investment
₹1,000
6 months
₹995
Invested ₹1,000
▼-0.46%1 year
₹965
Invested ₹1,000
▼-3.55%3 years
₹1,093
Invested ₹1,000
▲+9.27%5 years
₹1,104
Invested ₹1,000
▲+10.37%
Based on the fund’s historic trailing returns — a planning illustration, not a guarantee of future results.
Invest One-TimePlan it your way
The figures above are fixed to this fund’s past returns over set periods. Use a calculator to set your own amount, tenure and expected rate of return.
Risk level
Riskometer scale
- Low
- Low to Moderate
- Moderate
- Moderate to High
- High
- Very HighThis fund
Riskometer level assigned by the fund house as per SEBI norms. It can change as the scheme’s portfolio changes.
Fund benchmark
| Primary Index Name | Nifty Financial Services TR INR |
|---|---|
| Secondary Index Name | Nifty Financial Services TR INR |
| Index Name | Nifty Financial Services TR INR |
| Weighting | 100% |
Returns
| 1Y | 3Y | 5Y | 10Y | |
|---|---|---|---|---|
| Fund returns (%) | -3.55% | +9.27% | +10.37% | — |
| Cumulative returns (%) | -3.55% | +30.49% | +63.77% | +188.15% |
Fund Manager
| Manager | Amber Singhania |
|---|---|
| Role | Manager |
| Manager Tenure | 0.56 yrs |
About Fund
| Date of Incorporation | 26 May 2003 |
|---|---|
| Fund House | Nippon India Mutual Fund |
| Custodian | Deutsche Bank AG |
| Registrar / Transfer Agent | Nippon Life India Asset Management Ltd |
| Address | 1 Great Winchester Street |
Top Holdings
| Company | Weightage (%) |
|---|---|
| ICICI Bank Ltd | 13.58% |
| HDFC Bank Ltd | 12.26% |
| Axis Bank Ltd | 8.89% |
| State Bank of India | 5.72% |
| Kotak Mahindra Bank Ltd | 3.80% |
| Bajaj Finserv Ltd | 3.26% |
| SBI Life Insurance Co Ltd | 3.22% |
| SBI Cards and Payment Services Ltd Ordinary Shares | 3.17% |
| Kotak Mahindra Bank Ltd | 2.87% |
| IndusInd Bank Ltd | 2.78% |
| Bank of Baroda | 2.78% |
| The Federal Bank Ltd | 2.76% |
| Multi Commodity Exchange of India Ltd | 2.74% |
| ICICI Prudential Asset Management Co Ltd | 2.64% |
| Max Financial Services Ltd | 2.60% |
| HDFC Asset Management Co Ltd | 2.54% |
| Cholamandalam Financial Holdings Ltd | 2.53% |
| Aye Finance Ltd | 2.46% |
Investment Strategy
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.
The fund is a focused banking and financial services sector oriented fund investing across market caps within the sector. The fund is well diversified across sub segments like Private & Public Banks, NBFCs, Housing Fin Co’s, Broking houses, Wealth Management, Rating Agencies, Asset Management Companies, Insurance Companies, Stock/ Commodities Exchange, etc. The fund endeavors to generate superior alpha through active fund management. The alpha generation is attempted through tactical allocation across various sub segments and differentiated investment ideas. The fund thus attempts to lower risk through diversification while retaining the alpha creation potential.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. The data shown is for information only and does not constitute investment advice.