Nippon India Banking & Financial Services Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Scheme 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.

Scheme Details

Fund manager(s) – Kinjal Desai , Bhavik Dave , Vinay Sharma
Launch date – 26-May-2003
Expense ratio – 0.99% as declared on 31-Jul-2025 (category average is 0.88%)
Benchmark - Nifty Financial Services TRI

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Nippon India Banking & Financial Services Fund - Direct Plan - Growth charges 1.0% of sell value; if fund sold before 30 days. There are no other charges.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

6989.70

0.00

0.00%

Aug - 2025	6989.70	0.00%
Jul - 2025	7222.06	0.00%
Jun - 2025	7487.22	0.00%
May - 2025	7159.57	0.00%
Apr - 2025	6966.89	0.00%
Mar - 2025	6565.78	0.00%
Feb - 2025	6129.15	0.00%
Jan - 2025	6225.84	0.00%

2024

6282.05

0.00

0.00%

Dec - 2024	6282.05	0.00	0.00%
Nov - 2024	6307.03	0.00	0.00%
Oct - 2024	6237.85	0.00	0.00%
Sep - 2024	6388.51	0.00	0.00%
Aug - 2024	6138.44	0.00	0.00%
Jul - 2024	6029.38	0.00	0.00%
Jun - 2024	5932.60	0.00	0.00%
May - 2024	5462.71	332799.42	1.64%
Apr - 2024	5541.72	309508.01	1.79%
Mar - 2024	5307.29	294067.45	1.80%
Feb - 2024	5225.15	284307.77	1.84%
Jan - 2024	5176.59	267953.19	1.93%

2023

5192.47

255901.49

2.03%

Dec - 2023	5192.47	255901.49	2.03%
Nov - 2023	4845.91	234412.57	2.07%
Oct - 2023	4587.66	216198.17	2.12%
Sep - 2023	4630.26	217772.16	2.13%
Aug - 2023	4487.07	209306.98	2.14%
Jul - 2023	4526.77	204388.31	2.21%
Jun - 2023	4398.70	193871.64	2.27%
May - 2023	4200.05	185597.81	2.26%
Apr - 2023	3982.02	178010.71	2.24%
Mar - 2023	3783.27	171836.03	2.20%
Feb - 2023	3826.52	166982.27	2.29%
Jan - 2023	3868.01	166554.89	2.32%

2022

4019.67

167608.09

2.40%

Dec - 2022	4019.67	167608.09	2.40%
Nov - 2022	3991.57	172528.96	2.31%
Oct - 2022	3821.47	166705.18	2.29%
Sep - 2022	3620.93	157738.78	2.30%
Aug - 2022	3662.68	156463.28	2.34%
Jul - 2022	3502.33	152963.27	2.29%
Jun - 2022	3064.15	140454.87	2.18%
May - 2022	3212.98	145456.40	2.21%
Apr - 2022	3315.64	148233.23	2.24%
Mar - 2022	3294.55	147952.10	2.23%
Feb - 2022	3175.68	141318.35	2.25%
Jan - 2022	3349.54	144634.29	2.32%

2021

3088.91

145331.60

2.13%

Dec - 2021	3088.91	145331.60	2.13%
Nov - 2021	3077.60	138109.60	2.23%
Oct - 2021	3281.86	138049.48	2.38%
Sep - 2021	3144.35	135487.80	2.32%
Aug - 2021	3142.26	130063.32	2.42%
Jul - 2021	3068.65	122998.72	2.49%
Jun - 2021	3011.81	113966.58	2.64%
May - 2021	2989.63	108995.82	2.74%
Apr - 2021	2659.19	101180.94	2.63%
Mar - 2021	2658.73	97890.77	2.72%
Feb - 2021	2821.37	95056.43	2.97%
Jan - 2021	2498.67	88774.68	2.81%

2020

2568.45

87074.79

2.95%

Dec - 2020	2568.45	87074.79	2.95%
Nov - 2020	2508.87	78410.56	3.20%
Oct - 2020	2119.89	71179.12	2.98%
Sep - 2020	2010.37	68093.54	2.95%
Aug - 2020	2169.31	68601.85	3.16%
Jul - 2020	1988.03	65177.73	3.05%
Jun - 2020	1972.14	62364.34	3.16%
May - 2020	1701.83	58108.50	2.93%
Apr - 2020	1894.58	58981.31	3.21%
Mar - 2020	1699.38	51838.98	3.28%
Feb - 2020	2797.23	66675.46	4.20%
Jan - 2020	3032.48	68411.85	4.43%

Tax Rate

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.

Contact Details

Nippon Life India Asset Management Limited

Registered Office: 4th Floor, Tower A, Peninsula Business Park, Ganapatrao Kadam Marg, Lower Parel (W), Mumbai 400 013
Tel no.: 022-6808 7000/1860 266 0111
Fax no.: 022-6808 7097
Website.: mf.nipponindiaim.com

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hunch
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19 days ago

JMFLEXICAPfund regular is howing worst performance. bought at 107.693 in jly 24 and now 97.43 how to shuffle and compensate loss View more

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shravanashok
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34 days ago

need your suggestion for sbi psu fund direct growth stay or switch View more

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14 hrs ago

Anchor Your Investments with a Trusted PSU Bond India Infrastructure Finance Company Limited – 2037 Bonds now listed on The Fixed Income ✔️ Coupon: 9.41% p.a. ✔️ Rating: CARE AAA Stable ✔️ Tenor: 11 years 10 months (Maturity: Jul 27, 2037) ✔️ Secured | PSU Bond | High Return | Listed Leverage the reliability of a long-term PSU bond that combines robust security with high returns—ideal for investors focused on steady and sustained wealth growth. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dUJHdFp3PT0=/941-india-infrastructure-finance-company-limited-2037?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list View more

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  Anchor Your Investments with a Trusted PSU Bond India Infrastructure Finance Company Limited – 2037 Bonds now listed on The Fixed Income ✔️ Coupon: 9.41% p.a. ✔️ Rating: CARE AAA Stable ✔️ Tenor: 11 years 10 months (Maturity: Jul 27, 2037) ✔️ Secured | PSU Bond | High Return | Listed Leverage the reliability of a long-term PSU bond that combines robust security with high returns—ideal for investors focused on steady and sustained wealth growth. ???? Explore on The Fixed Income: https://www.thefixedincome.com/product/dUJHdFp3PT0=/941-india-infrastructure-finance-company-limited-2037?utm_source=Moneycontrol&utm_medium=Forum&utm_campaign=Product_list
  
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sunny85deol
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85 days ago

Hello sir, I have been invested in these funds since 2017. Last SIP was in 2021. As their NAV have grown so I was thinking of switching to other funds with lower NAV. View more

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Progrowth Finwealth
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85 days ago

Hi Sunny, what is he period of holding and also any particular reson for withdrawl out of these two funds that have grown over a period of time View more | 1

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91 days ago

Why are the NAVs of Indian Debt Mutual Funds going down after the rate cut View more

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