Nippon India Banking & Financial Services Fund Direct Growth

Nippon India Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Vinay Sharma is the Current Fund Manager of Nippon India Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹6,44,226 Cr and the Latest NAV as of 15 Sep 2025 is ₹680.45. The Nippon India Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 1 month. ;

Investment Objective

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. ;