Investment Objective and Approach

The scheme aims to generate continuous returns by actively investing in equity, equity related or fixed income securities of banks. The proportion of investment between equity and debt will be decided based on the view of the fund manager on anticipated movement in both debt as well as equity markets.

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.

The fund follows an actively managed approach, focusing on long-term capital appreciation through diversified investments in banking and financial services companies. The investment objective of the Nippon India Banking and Financial Services Fund Direct Plan Growth Plan Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity stocks of companies involved in the banking and financial services sector in India. The fund seeks to achieve its objective by investing in a mix of equity stocks that are expected to generate growth over the long term.

Fund Managers

The fund is managed by a team of experienced professionals:

Primary Fund Managers:

- Vinay Sharma - Vinay Sharma is the Current Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth fund. Vinay Sharma is a Chartered Financial Analyst from CFA Institute. He worked at AIG Investments, ICICI Prudential before joining Nippon India Asset Management as the Equity Fund Manager.

- Bhavik Dave - The fund is managed by Bhavik Dave, Vinay Sharma, Kinjal Desai.

- Kinjal Desai - Part of the fund management team since May 2018

Vinay Sharma, Bhavik Dave, with an extensive experience of 15 years while managing equity & related investments. He is focused on picking quality companies and holds them for a long duration to generate good compounding returns in their funds.

About the Fund House (AMC)

Nippon India Mutual Fund was launched as a joint venture between Japan's Nippon Life Insurance Company and India's Reliance Capital way back in 1996. Nippon purchased the stake of Reliance in October 2019 and the fund house has been renamed as Nippon India Mutual Fund.

Nippon India Mutual Fund is one of India's leading mutual funds, with Average Assets Under Management (AAUM) of Rs 2,79,431 Crores​​. NIMF has been established as a trust under the Indian Trusts Act, 1882 with Nippon Life Insurance Company as its Sponsor and Nippon Life India Trustee Ltd as its Trustee.

Key Facts about Nippon India Mutual Fund:

- Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds.

- Currently, the range of Nippon mutual funds schemes includes 52 equity, 266 debt, and 40 balanced funds.

- AUM ₹617,875.25 Cr. across all schemes

- No. of Schemes 329

Should I Invest in Nippon India Banking & Financial Services Fund?

This sectoral fund is suitable for investors who:

Investment Suitability:

- Have a high-risk tolerance as The Nippon India Banking & Financial Services Fund Direct Growth is rated Very High risk.

- Seek long-term capital appreciation in the banking sector

- Want exposure to India's financial services growth story

- Can invest with a long-term horizon of 7+ years

Performance Highlights:

- Over the past five years, Nippon India Banking & Financial Services Fund has delivered an annualised return of 25.64% as of 12-Aug-2025.

- Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.21%, 26.89% and 28.76% respectively.

- Nippon India Banking & Financial Services Fund Direct-Growth scheme return performance in last 1 year is 11.21%, in last 3 years is 69.39% and 448.53% since scheme launch.

Key Fund Statistics (as of August 2025):

- Latest NAV: The current NAV of Nippon India Banking & Financial Services Fund is ₹674.69, as of 11th August 2025.

- AUM: The AUM (i.e. assets under management) of Nippon India Banking & Financial Services Fund is ₹7222.06 Cr as of 11th August 2025.

- Expense Ratio: The expense ratio of Nippon India Banking & Financial Services Fund Plan is 0.99 as of 11th August 2025.

- Minimum SIP: Minimum SIP Investment is set to ₹100.

- Minimum Lumpsum: Minimum Lumpsum Investment is ₹5,000.

Important Considerations:

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years. Sectoral funds can be volatile and require patience for optimal returns.

FAQs

What is today's NAV of Nippon India Banking & Financial Services Fund?

The current NAV of Nippon India Banking & Financial Services Fund is ₹674.69, as of 11th August 2025. NAV changes daily based on market conditions.

What is the AUM of Nippon India Banking & Financial Services Fund?

The AUM (i.e. assets under management) of Nippon India Banking & Financial Services Fund is ₹7222.06 Cr as of 11th August 2025.

What is the expense ratio of Nippon India Banking & Financial Services Fund?

The expense ratio of Nippon India Banking & Financial Services Fund Plan is 0.99 as of 11th August 2025. This is the annual fee charged for fund management.

What are the returns of Nippon India Banking & Financial Services Fund since inception?

Nippon India Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.14% since inception. The fund has delivered strong long-term performance.

What is the minimum SIP amount to invest in Nippon India Banking & Financial Services Fund?

Minimum SIP Investment is set to ₹100. This makes it accessible for small investors to start systematic investing.

How do I invest in Nippon India Banking & Financial Services Fund?

You can invest in this fund through Allvest platform online. Simply create an account, complete your KYC, select the fund, and choose between SIP or lumpsum investment options.

How to start a SIP in Nippon India Banking & Financial Services Fund?

Through Allvest, log into your account, search for the fund, select 'Start SIP', choose your monthly amount (minimum ₹100), set the date, and complete the payment setup via bank mandate.

How do I automate an SIP in Nippon India Banking & Financial Services Fund?

After setting up your SIP on Allvest, set up an auto-debit mandate with your bank. This ensures automatic monthly deductions without manual intervention.

How can I withdraw/redeem my investment in Nippon India Banking & Financial Services Fund?

Log into your Allvest account, go to your investments section, select this fund, choose partial or full redemption, and submit your request. Funds are typically credited within 3-4 working days.