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Nippon India Banking & Financial Services Fund Direct Growth
Equity
Sectoral
Very High Risk
+20.80%
3Y annualised
-1.60% 1D
NAV: 27 Feb '26
₹728.17
Min. for SIP
₹100
Fund size
₹7,752.54 Cr
Expense ratio
0.95%
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹57,840 | -3.60% | |
| 3 years | ₹1,80,000 | ₹2,16,173 | +20.10% | |
| 5 years | ₹3,00,000 | ₹4,72,856 | +57.62% | |
| 10 years | ₹6,00,000 | ₹12,40,203 | +106.70% |
Holdings (34)
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Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 3Y | 5Y | 10Y | All |
|---|---|---|---|---|
| Fund returns | +20.8% | +17.8% | +17.8% | +14.5% |
| Category average (Equity Sectoral) | +14.4% | +16.1% | +13.7% | -- |
| Rank (Equity Sectoral) | 6 | 1 | 5 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 1%, if redeemed within 1 month.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
VSVinay SharmaApr 2018 - PresentView details
VS
Vinay Sharma
Apr 2018 - Present
View details
BDBhavik DaveJun 2021 - PresentView details
BD
Bhavik Dave
Jun 2021 - 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 & 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 ₹7,34,712 Cr and the Latest NAV as of 27 Feb 2026 is ₹728.17.
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.
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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.;
Fund benchmarkNIFTY Financial Services Total Return 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,