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Nippon India Banking and PSU Fund Growth
Debt
Banking and PSU
Moderate Risk
+7.22%
3Y annualised
-0.05% 1D
NAV: 20 Feb '26
₹21.39
Min. for SIP
Not Supported
Fund size
₹5,437.21 Cr
Expense ratio
0.78%
Holdings (105)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 4.34% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 3.25% |
| National Housing Bank | Financial | NCD | 3.24% |
| GOI | Sovereign | GOI Sec | 3.22% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.87% |
| GOI | Sovereign | GOI Sec | 2.44% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds/NCD | 2.40% |
| REC Ltd. | Financial | NCD | 2.33% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 2.30% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 2.23% |
| GOI | Sovereign | GOI Sec | 1.88% |
| Nuclear Power Corpn. Of India Ltd. | Energy | NCD | 1.86% |
| Power Finance Corporation Ltd. | Financial | Debenture | 1.86% |
| National Housing Bank | Financial | Bonds | 1.84% |
| Power Grid Corporation Of India Ltd. | Energy | NCD | 1.75% |
| Bank Of Baroda | Financial | CD | 1.74% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.68% |
| REC Ltd. | Financial | Debenture | 1.62% |
| Power Finance Corporation Ltd. | Financial | FRD | 1.49% |
| Export-Import Bank Of India | Financial | Debenture | 1.39% |
| GOI | Sovereign | GOI Sec | 1.38% |
| REC Ltd. | Financial | Debenture | 1.37% |
| ICICI Bank Ltd. | Financial | Debenture | 1.36% |
| Power Grid Corporation Of India Ltd. | Energy | Bonds | 1.36% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 1.30% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 1.28% |
| National Bank For Financing Infrastructure And Development | Financial | Debenture | 1.26% |
| Gujarat State | Construction | SDL | 1.13% |
| HDFC Bank Ltd. | Financial | Debenture | 1.12% |
| HDFC Bank Ltd. | Financial | Debenture | 1.11% |
| REC Ltd. | Financial | Debenture | 0.93% |
| National Housing Bank | Financial | Debenture | 0.93% |
| Export-Import Bank Of India | Financial | NCD | 0.93% |
| Shivshakti Securitisation Trust | Others | Sec. Debt | 0.92% |
| Siddhivinayak Securitisation Trust | Others | Sec. Debt | 0.92% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 0.92% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 0.92% |
| National Housing Bank | Financial | Bonds | 0.92% |
| HDB Financial Services Ltd. | Financial | Bonds | 0.92% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 0.91% |
| Gujarat State | Construction | SDL | 0.91% |
| Tata Capital Ltd.(Partly Paid Equity) | Financial | Debenture | 0.91% |
| ICICI Bank Ltd. | Financial | Debenture | 0.90% |
| Canara Bank | Financial | CD | 0.90% |
| Power Finance Corporation Ltd. | Financial | Debenture | 0.89% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 0.88% |
| Bank Of Baroda | Financial | CD | 0.87% |
| Export-Import Bank Of India | Financial | CP | 0.86% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.86% |
| Kotak Mahindra Prime Ltd. | Financial | NCD | 0.74% |
| Karnataka State | Others | SDL | 0.73% |
| GOI | Sovereign | GOI Sec | 0.65% |
| SBI Life Insurance Company Ltd. | Insurance | NCD | 0.57% |
| Gujarat State | Construction | SDL | 0.55% |
| Andhra Pradesh State | Financial | SDL | 0.55% |
| HDFC Bank Ltd. | Financial | Debenture | 0.47% |
| Power Finance Corporation Ltd. | Financial | Debenture | 0.47% |
| Gujarat State | Construction | SDL | 0.47% |
| National Highways Authority of India Ltd. | Services | NCD | 0.47% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 0.47% |
| Power Finance Corporation Ltd. | Financial | NCD | 0.46% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 0.46% |
| Export-Import Bank Of India | Financial | Bonds | 0.46% |
| Bajaj Finance Ltd. | Financial | Debenture | 0.46% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 0.46% |
| Uttar Pradesh State | Others | SDL | 0.46% |
| Aditya Birla Finance Ltd. | Financial | NCD | 0.46% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 0.46% |
| Punjab National Bank | Financial | CD | 0.46% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 0.46% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | NCD | 0.46% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 0.45% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 0.44% |
| National Highways Infra Trust | Construction | Debenture | 0.38% |
| Numaligarh Refinery Ltd. | Energy | NCD | 0.36% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 0.28% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 0.28% |
| HDFC Bank Ltd. | Financial | NCD | 0.28% |
| Karnataka State | Others | SDL | 0.27% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | NCD | 0.23% |
| Kerala State | Others | SDL | 0.19% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 0.19% |
| Karnataka State | Others | SDL | 0.19% |
| REC Ltd. | Financial | Debenture | 0.19% |
| GOI | Sovereign | GOI Sec | 0.18% |
| Andhra Pradesh State | Financial | SDL | 0.18% |
| REC Ltd. | Financial | Debenture | 0.18% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 0.18% |
| Maharashtra State | Others | SDL | 0.17% |
| REC Ltd. | Financial | Debenture | 0.09% |
| Power Grid Corporation Of India Ltd. | Energy | Debenture | 0.09% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 0.09% |
| Andhra Pradesh State | Financial | SDL | 0.09% |
| HDFC Bank Ltd. | Financial | CD | 0.09% |
| Maharashtra State | Others | SDL | 0.09% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 0.09% |
| Karnataka State | Others | SDL | 0.07% |
| GOI | Sovereign | GOI Sec | 0.06% |
| Maharashtra State | Others | SDL | 0.05% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 0.04% |
| GOI | Sovereign | GOI Sec | 0.03% |
| GOI | Sovereign | GOI Sec | 0.02% |
| Karnataka State | Others | SDL | 0.01% |
| National Highways Authority of India Ltd. | Services | Debenture | 0.00% |
| NHPC Ltd. | Energy | Debenture | 0.00% |
See All
Minimum investments
Min. for 1st investment
Not Supported
Min. for 2nd investment
Not Supported
Min. for SIP
Not Supported
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +7.2% | +6.0% | +7.2% | +7.3% |
| Category average (Debt Banking and PSU) | +7.3% | +5.7% | +7.1% | -- |
| Rank (Debt Banking and PSU) | 11 | 7 | 7 | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
ICICI Prudential Banking & PSU Debt Growth | +7.08% | +7.47% | 9,583.50 | |
Sundaram Banking & PSU Fund Growth | +7.11% | +7.41% | 370.97 | |
UTI Banking & PSU Fund Growth | +7.45% | +7.41% | 1,101.43 | |
Axis Banking & PSU Debt Fund Growth | +7.02% | +7.16% | 13,093.52 | |
Bandhan Banking and PSU Fund Growth | +6.72% | +7.10% | 12,553.48 | |
| Compare | ||||
Fund management
VSVivek SharmaJun 2020 - PresentView details
VS
Vivek Sharma
Jun 2020 - Present
View details
PSPranay SinhaMar 2021 - PresentView details
PS
Pranay Sinha
Mar 2021 - Present
View details
KDKinjal DesaiMay 2018 - PresentView details
KD
Kinjal Desai
May 2018 - Present
View details
DDSDivya Dutt SharmaSep 2025 - PresentView details
DDS
Divya Dutt Sharma
Sep 2025 - Present
View details
LMLokesh MaruSep 2025 - PresentView details
LM
Lokesh Maru
Sep 2025 - Present
View details
About Nippon India Banking and PSU Fund Growth
Nippon India Banking and PSU Fund Growth is a Debt Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Vivek Sharma is the Current Fund Manager of Nippon India Banking and PSU Fund Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,34,712 Cr and the Latest NAV as of 20 Feb 2026 is ₹21.39.
The Nippon India Banking and PSU Fund Growth is rated Moderate risk. Minimum SIP Investment is set to ₹100.
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Investment Objective
The scheme seeks to generate income over short to medium term horizon through investments in debt and money market instruments of various maturities, consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions.
Fund benchmarkCRISIL Banking and PSU Debt A-II Index
Fund house
Rank (total assets)#4 in India
Total AUM₹7,34,711.84 Cr
Date of Incorporation30 Jun 1995
Launch Date30 Jun 1995
Address30th Floor, One Lodha PlaceSenapati Bapat Marg, Lower ParelMumbai Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,