HealthyDirect · GrowthFit for a long SIP
Nippon India Banking and PSU Debt Fund
Nippon India Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund11.5 years
- NAV
- 22.8338
- 29 Oct 2026
- 1Y
- +3.7%
- Trailing CAGR
- AUM
- ₹5,056.71 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 82% of rolling 3-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
11.5 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.39% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
82% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 30.7% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.7%
- 3Y+6.9%
- 5Y+6.1%
- 10Y+7.1%
- SI+7.5%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.5%
- 3Y+5.8%
- 5Y+6.3%
- 10Y+6.8%
- Since inception
- +7.5%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- +82%
- Windows beating the median
- 3Y percentile
- 54
- Vs comparable share classes
- SIP 3Y XIRR
- +5.8%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.9%
- 2047 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1568 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.2%
- Worst peak-to-trough
- Current
- -0.6%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +49%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 283 recovered episodes
- Longest recovery
- 77 days
- Trough to prior peak
9 Mar 2020 – 27 Mar 2020
Trough 23 Mar 2020 · recovered in 4 days
-3.2%
25 Nov 2016 – 17 Jan 2017
Trough 28 Dec 2016 · recovered in 20 days
-1.3%
5 Apr 2022 – 25 Jul 2022
Trough 9 May 2022 · recovered in 77 days
-1.1%
9 Apr 2018 – 4 Jul 2018
Trough 17 May 2018 · recovered in 48 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
54
Vs category
49
Consistency
78
Risk-adjusted
72
Drawdown
92
Mean
69
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 82% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 110 holdings · top 10 are 30.7%.
- Top 5
- 19.0%
- Top 10
- 30.7%
- Largest holding
- 4.5%
- Effective holdings
- 56.7
Repo
Unspecified
4.5%
GOI Sec 7.61 09/05/2030
Entities
4.0%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC
Financial
3.5%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II RR BD 04JU29 FVRS1LAC
Financial
3.5%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC
Financial
3.5%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.4%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.0%
- Sharpe
- 1.35
- 3Y win
- +84%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
LIC MF Banking & PSU Debt Fund
LIC Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.1%
- Vol
- 1.2%
- Max DD
- -2.8%
- Sharpe
- 1.21
- 3Y win
- +32%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.83
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
SBI BANKING & PSU DEBT FUND
SBI Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.1%
- Vol
- 1.4%
- Max DD
- -3.2%
- Sharpe
- 1.28
- 3Y win
- +50%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Axis Banking and PSU Debt Fund
Axis Mutual Fund
- 1Y
- +3.9%
- 3Y
- +6.7%
- Vol
- 1.3%
- Max DD
- -2.8%
- Sharpe
- 1.30
- 3Y win
- +37%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns