Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Banking Financial Services Fund

Holds 33 companies worth ₹7,305 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹7,367 CrNippon India Banking Financial Services Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.9% on Aug 2026, ₹7,910 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 15.8% of this scheme's NAV.

  • Fund manager

    Vinay SharmaRuns it since 1 Apr 2018, as the fund house dates it. With Bhavik Dave (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Vinay SharmaFund manager · Apr 2018 · 22y
  2. Bhavik DaveCo-manager · Jun 2021 · 14y · PGDM

    Key facts

    Benchmark
    Nifty Financial Services Index TRI
    Risk
    Very High
    Expense
    Regular 1.9% · Direct 1.07%
    Exit load
    1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
    Started
    26 May 2003
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

    What changed(22 changes)

    Oct 2026

    1 change
    1. Expense ratio
      8 OctRegular 1.88% → 1.9%Direct 1.05% → 1.07%

    Sept 2026

    1 change
    1. Category
      9 SeptEquity: Sectoral Fund → Sectoral Fund

    Aug 2026

    1 change
    1. Expense ratio
      9 AugDirect 1.06% → 1.05%

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Apr 2018 – now)

    1. Vinay Sharma
    2. Bhavik Dave
    MainCoSlice20192020202120222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Oct 2026)

    Every change to the expense ratio, newest first.
    22 changesRegularDirectΔ pt
    8 Oct 20261.90%1.07%0.02
    9 Aug 20261.88%1.05%0.01
    9 Jul 20261.88%1.06%0.03
    9 Jun 20261.91%1.09%0.07
    14 May 20261.96%1.16%0
    7 May 20261.97%1.16%0.11
    9 Apr 20262.09%1.27%0.31
    9 Mar 20261.84%0.96%0
    9 Feb 20261.83%0.96%0.01
    8 Jan 20261.84%0.97%0.01
    9 Dec 20251.83%0.96%0.02
    10 Oct 20251.84%0.98%0.01
    10 Sept 20251.85%0.99%0
    10 Jun 20251.84%0.99%0.01
    10 May 20251.85%1.00%0.01
    10 Apr 20251.86%1.01%0.03
    10 Feb 20251.87%1.04%0.02
    10 Jan 20251.88%1.06%0.01
    10 Dec 20241.87%1.07%0.01
    10 Oct 20241.88%1.08%0.01
    20 Sept 20241.87%1.07%0.02
    20 Aug 20241.89%1.09%–
    Direct plan, 8 Oct 2026
    1.07%
    Regular plan 1.90% · Exit load 1% if redeemed or switched out on or before completion of 1 month from the date of allotment of units.Nil, thereafter.
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(8 Oct 2026)

    Objective

    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.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    High
    Type
    Open
    Benchmark
    Nifty Financial Services Index TRI

    Asset allocation it may hold% of NAV

    1. Equity and Equity related securities of companies in the Banking and Financial services sector
      Allowed80–100%
    2. Equity and Equity Related securities of companies other than Banking and Financial services sector
      Allowed0–20%
    3. Debt Securities & Money Market instruments
      Allowed0–20%Holds0.8%

    Holds in Sept 2026.99.2% equity · 0.8% debt and cash

    How to invest(8 Oct 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    Most
    Any
    Systematic
    SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
    Dates
    SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
    Minimum
    SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 100 STP - 1
    Instalments
    SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
    Most
    SIP - Any SWP - Any STP - Any

    Selling and switching

    To redeem
    ₹100 or Any units
    Switch minimum
    ₹5,000

    Scheme details(8 Oct 2026)

    What it is

    Category
    Sectoral Fund
    Offer
    8 May 2003 to 22 May 2003
    Started
    26 May 2003
    Reopened
    28 May 2003
    Plans
    Direct Bonus Planbonus · Direct IDCW Plan Payout · Direct IDCW Plan Reinvestment · Direct Growth Plan Growth · Bonus Planbonus · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Deutsche Bank
    Auditor
    Walker Chandiok & Co LLP
    Registrar
    KFin Technologies Limited
    SEBI code
    NIMF/O/E/SEC/03/04/0011