Nippon India Banking and PSU Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Nippon India Banking and PSU Fund Direct-Growth is a 10 yrs 8 m old fund and has delivered average annual returns of 7.66% since inception. Nippon India Banking and PSU Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 6.72% 7.45% 6.32% 7.59% 7.66%

Previously called: Nippon India Banking & PSU Debt Direct-G

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹22.1083-0.05% 1 day change	7.66% p.a.	App exclusive #NA View Ranked Funds	₹5,447 Cr

Historical NAV & returns

NAV: ₹22.1083 as on Feb 02, 2026

This fund Category average

Nippon India Banking and PSU Fund overview

Expense ratio	0.38% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹5,447 Cr
Lock-in Period	Nil
Age	10 yrs 8 m since May 05, 2015
Benchmark	CRISIL Banking and PSU Debt A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Nippon India Banking and PSU Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-0.08%	0.01%
3 Months	0.29%	0.59%
6 Months	1.44%	1.83%
1 Year	6.72%	6.91%
2 Years	7.4%	7.55%
3 Years	7.45%	7.53%
4 Years	6.66%	6.72%
5 Years	6.32%	6.23%
7 Years	7.56%	7.24%
10 Years	7.59%	7.38%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 71.657633%

SOV 21.49%

A1+ 3.52%

Cash & Call Money 3.0%

Top Debt Holdings

GOI 12.38%

Indian Railway Finance Corporation Ltd. 5.0%

National Bank For Agriculture & Rural Development 3.89%

Power Finance Corporation Ltd. 3.74%

Allocation by Instruments

Debenture 30.277633%

Non Convertible Debenture 20.310000000000002%

Bonds 15.31%

GOI Securities 12.379999999999999%

Other Holdings

Others 2.94%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Banking and PSU Fund	-0.08%	1.44%	6.72%	7.45%	6.32%	7.59%
ITI Banking & PSU Debt Fund	0.18%	2.08%	6.82%	7.35%	6.46%	3.25%
ICICI Prudential Banking & PSU Debt Fund	0.0%	2.19%	7.23%	7.78%	6.68%	7.79%
Axis Banking & PSU Debt Fund	-0.01%	1.88%	6.96%	7.27%	6.11%	7.39%
Bandhan Banking and PSU Fund	0.08%	1.86%	6.69%	7.26%	6.12%	7.34%
Kotak Banking and PSU Debt Fund	0.01%	2.1%	7.26%	7.73%	6.52%	7.74%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Banking and PSU Fund	1.37	1.56	0.84	1.27
ITI Banking & PSU Debt Fund	0.87	0.97	1.13	1.95
ICICI Prudential Banking & PSU Debt Fund	0.94	1.09	1.54	2.06
Axis Banking & PSU Debt Fund	1.08	1.31	0.88	1.33
Bandhan Banking and PSU Fund	1.0	1.23	0.93	1.47
Kotak Banking and PSU Debt Fund	1.24	1.35	1.13	1.72

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Banking and PSU Fund	N.A.	5,447 Cr	10 yrs 8 m	0.38%
ITI Banking & PSU Debt Fund	N.A.	37 Cr	5 yrs 3 m	0.15%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,728 Cr	13 yrs 1 m	0.39%
Axis Banking & PSU Debt Fund	N.A.	13,574 Cr	13 yrs 1 m	0.34%
Bandhan Banking and PSU Fund	N.A.	12,651 Cr	12 yrs 11 m	0.36%
Kotak Banking and PSU Debt Fund	N.A.	5,608 Cr	13 yrs 1 m	0.4%

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	4.07 vs. 3.52 Higher outperformance against benchmark
Sharpe	0.84 vs. 4.03 Poor risk-adjusted returns
Beta	1.56 vs. 1.32 More sensitive to market's ups & downs
Standard deviation	1.37 vs. 1.13 More volatile performance

About this fund

About Nippon India Banking and PSU Fund

Nippon India Banking and PSU Fund Direct-Growth is a Banking and PSU mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 10 yrs 8 m, having been launched on 05/05/2015. Nippon India Banking and PSU Fund Direct-Growth has ₹5,447 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Banking and PSU Fund Direct-Growth as of 02/02/2026 is ₹22.11. The fund has an expense ratio of 0.38%, which is close to what most other Banking And Psu funds charge.

Nippon India Banking and PSU Fund Direct-Growth returns of last 1-year are 6.80%. Since launch, it has delivered 7.68% average annual returns. The fund has doubled the money invested in it every 10 yrs.
Nippon India Banking and PSU Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, Indian Railway Finance Corporation Ltd., National Bank For Agriculture & Rural Development, Power Finance Corporation Ltd., Small Industries Devp. Bank of India Ltd..

...

Fund AUM	5,447 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Vivek Sharma

Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance). He has been associated with Nippon India Mutual Fund since 2006.

Pranay Sinha

Mr. Sinha has done B.Tech in Aerospace Engg. from IIT Kharagpur and PGDM with Major in Finance from IIM Calcutta. Prior to joining Nippon India Mutual Fund, he has worked with ABSLAMC, BNP Paribas Bank (October 2010 - August,2014) , Morgan Stanley Investment Management Pvt. Ltd. (March 2008 - October 2010) and ICICI Prudential Asset Management Co. Ltd. ( October 2005 - March 2008).

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.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Nippon India Credit Risk Fund	N.A.	1,016 Cr	9.17%	9.03%
Nippon India Medium Duration Fund	N.A.	138 Cr	9.41%	8.74%
Nippon India Nifty G-Sec Jun 2036 Maturity Index Fund	N.A.	884 Cr	6.0%	8.22%
Nippon India Nifty G-Sec Oct 2028 Maturity Index Fund	N.A.	135 Cr	8.0%	N.A.
Nippon India Nifty SDL Plus G-Sec - Jun 2029 Maturity 70:30 Index Fund	N.A.	319 Cr	7.68%	N.A.
Nippon India Short Duration Fund	N.A.	9,723 Cr	7.71%	7.99%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Banking and PSU Fund Direct-Growth?

The current Net Asset Value (NAV) of the Nippon India Banking and PSU Fund - Direct Growth plan is approximately ₹22.1083 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Banking and PSU Fund Direct-Growth is a 10 yrs 8 m old fund and has delivered average annual returns of 7.66% since inception.

Nippon India Banking and PSU Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
6.72%	7.45%	6.32%	7.59%	7.66%

How much does this mutual fund charge as expense ratio?

The Nippon India Banking and PSU Fund - Direct Growth has an expense ratio of 0.38%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Nippon India Banking and PSU Fund currently has assets under management (AUM) or fund size valued at approximately 5,447 Cr as on Dec 31, 2025.

To whom does Nippon India Banking and PSU Fund lend to?

The top 3 debt holdings of Nippon India Banking and PSU Fund are as follows

Holding Name	Percentage of Portfolio
GOI	12.38%
Indian Railway Finance Corporation Ltd.	5.0%
National Bank For Agriculture & Rural Development	3.89%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Nippon India Banking and PSU Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	71.657633%
SOV	21.49%
A1+	3.52%

What is risk level of Nippon India Banking and PSU Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Nippon India Banking and PSU Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Nippon India Banking and PSU Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Nippon India Banking and PSU Fund is complete.

How can I redeem my investments in Nippon India Banking and PSU Fund?

Redeeming your investments in the Nippon India Banking and PSU Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 10 Years.
Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 7.17% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: The fund is performing poorly than its category.