Loading…
Sectoral / Thematic · Bandhan Mutual Fund · AMFI code 151816Bandhan Financial Services Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹1,046 Cr
down ₹75.9 Cr vs Aug 2026
- Stocks held
- 59
- up 2 vs Aug 2026
- Top 10 weight
- 54.8%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 4 in · 2 out
- added to 10, trimmed 44
Bandhan Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Bandhan Mutual Fund. In September 2026 it disclosed 59 stocks worth ₹1,046 Cr, down ₹75.9 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (14.4%), HDFC Bank Limited (12.0%), Kotak Mahindra Bank Limited (5.8%); the ten largest together made up 54.8% of the portfolio, and Banks was the biggest sector at 52.9% of its equity. Cash and debt stood at 1.4%. Compared with Aug 2026 the fund entered 4 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
84%
Holds more stocks than 84% of peers
Cash
21%
Holds more cash than 21% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
| ICICI Bank Limited | 14.35% | down 0.37 pts | ₹150 Cr | down ₹15 Cr | Trimmed |
| HDFC Bank Limited | 11.98% | up 1.74 pts | ₹125 Cr | up ₹10.5 Cr | Added |
| Kotak Mahindra Bank Limited | 5.76% | up 0.17 pts | ₹60.3 Cr | down ₹2.4 Cr | Trimmed |
| Axis Bank Limited | 4.76% | up 0.04 pts | ₹49.8 Cr | down ₹3.1 Cr | Trimmed |
| Bajaj Finance Limited | 4.46% | up 0.13 pts | ₹46.7 Cr | down ₹1.9 Cr | Trimmed |
| State Bank of India | 3.94% | up 0.02 pts | ₹41.2 Cr | down ₹2.7 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 3.07% | down 0.07 pts | ₹32.2 Cr | down ₹3.1 Cr | Trimmed |
| One 97 Communications Limited | 2.27% | down 0.13 pts | ₹23.7 Cr | down ₹3.1 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.12% | down 0.11 pts | ₹22.2 Cr | down ₹2.9 Cr | Trimmed |
| Max Financial Services Limited | 2.07% | down 0.17 pts | ₹21.7 Cr | down ₹3.5 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.91% | up 0.08 pts | ₹20 Cr | down ₹60 L | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 1.87% | down 0.03 pts | ₹19.6 Cr | down ₹1.8 Cr | Trimmed |
| City Union Bank Limited | 1.83% | up 0.02 pts | ₹19.1 Cr | down ₹1.2 Cr | Trimmed |
| IDFC First Bank Limited | 1.67% | up 0.03 pts | ₹17.5 Cr | down ₹93 L | Trimmed |
| LIC Housing Finance Limited | 1.60% | down 0.22 pts | ₹16.8 Cr | down ₹3.7 Cr | Trimmed |
| HDFC Asset Management Company Limited | 1.49% | down 0.03 pts | ₹15.6 Cr | down ₹1.4 Cr | Trimmed |
| Cash, TREPS & receivables | 1.43% | down 0.31 pts | ₹15 Cr | down ₹4.6 Cr | Trimmed |
| Aavas Financiers Limited | 1.42% | up 0.21 pts | ₹14.8 Cr | up ₹1.3 Cr | Added |
| RBL Bank Limited | 1.40% | down 0.17 pts | ₹14.6 Cr | down ₹3 Cr | Trimmed |
| Poonawalla Fincorp Limited | 1.32% | up 0.03 pts | ₹13.8 Cr | down ₹62 L | Trimmed |
| HDFC Life Insurance Company Limited | 1.31% | up 0.04 pts | ₹13.7 Cr | down ₹58 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.30% | up 0.11 pts | ₹13.6 Cr | up ₹20 L | Added |
| DCB Bank Limited | 1.27% | up <0.01 pts | ₹13.3 Cr | down ₹96 L | Trimmed |
| Angel One Limited | 1.22% | up 0.03 pts | ₹12.7 Cr | down ₹60 L | Trimmed |
| Muthoot Finance Limited | 1.20% | up 0.10 pts | ₹12.5 Cr | up ₹22 L | Added |
| Ujjivan Small Finance Bank Limited | 1.13% | up 0.14 pts | ₹11.8 Cr | up ₹66 L | Added |
| Prudent Corporate Advisory Services Limited | 1.12% | down 0.08 pts | ₹11.7 Cr | down ₹1.7 Cr | Trimmed |
| Yes Bank Limited | 1.11% | down 0.02 pts | ₹11.7 Cr | down ₹1 Cr | Trimmed |
| The Jammu & Kashmir Bank Limited | 1.09% | up 0.04 pts | ₹11.4 Cr | down ₹38 L | Trimmed |
| Can Fin Homes Limited | 1.07% | down 0.03 pts | ₹11.2 Cr | down ₹1.2 Cr | Trimmed |
| Fusion Finance Limited | 1.07% | up <0.01 pts | ₹11.2 Cr | down ₹76 L | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.06% | up 0.06 pts | ₹11.1 Cr | down ₹19 L | Trimmed |
| Nuvama Wealth Management Limited | 1.05% | up 0.03 pts | ₹11 Cr | down ₹41 L | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 0.99% | down 0.09 pts | ₹10.3 Cr | down ₹1.7 Cr | Trimmed |
| Life Insurance Corporation Of India | 0.94% | up 0.01 pts | ₹9.9 Cr | down ₹57 L | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.92% | up 0.08 pts | ₹9.6 Cr | up ₹22 L | Added |
| Aadhar Housing Finance Limited | 0.86% | down <0.01 pts | ₹9 Cr | down ₹66 L | Trimmed |
| The Karnataka Bank Limited | 0.84% | up 0.10 pts | ₹8.8 Cr | up ₹43 L | Added |
| IndusInd Bank Limited | 0.81% | down 0.04 pts | ₹8.5 Cr | down ₹1.1 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 0.72% | up <0.01 pts | ₹7.5 Cr | down ₹54 L | Trimmed |
| Bajaj Finserv Limited | 0.71% | down 0.06 pts | ₹7.5 Cr | down ₹1.3 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 0.70% | up 0.02 pts | ₹7.4 Cr | down ₹33 L | Trimmed |
| BSE Limited | 0.70% | down 0.20 pts | ₹7.4 Cr | down ₹2.7 Cr | Trimmed |
| 360 One WAM Limited | 0.69% | up 0.15 pts | ₹7.3 Cr | up ₹1.1 Cr | Added |
| HDB Financial Services Limited | 0.60% | up 0.08 pts | ₹6.2 Cr | up ₹41 L | Added |
| SBI Life Insurance Company Limited | 0.55% | up 0.02 pts | ₹5.8 Cr | down ₹15 L | Trimmed |
| IIFL Finance Limited | 0.49% | up 0.49 pts | ₹5.1 Cr | up ₹5.1 Cr | New |
| UTI Asset Management Company Limited | 0.46% | up 0.04 pts | ₹4.9 Cr | up ₹7 L | Added |
| KFin Technologies Limited | 0.46% | down 0.04 pts | ₹4.8 Cr | down ₹74 L | Trimmed |
| Pine Labs Limited | 0.44% | down 0.08 pts | ₹4.6 Cr | down ₹1.3 Cr | Trimmed |
What changed, Aug 2026 to Sep 2026
New New positions (4)
- IIFL Finance Limited0.5% · ₹5.1 Cr
- L&T Finance Limited0.3% · ₹3 Cr
- SBI Cards and Payment Services Limited0.2% · ₹2.3 Cr
- CreditAccess Grameen Limited<0.1% · ₹16 L
Exited Exited (2)
- Onemi Technology Solutions Limitedwas 0.8% · ₹8.7 Cr
- Aditya Birla Capital Limitedwas 0.6% · ₹7 Cr
Added Biggest additions
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Banks (+1.7 pts), and fell most in Financial Technology (fintech) (−0.7 pts) and Finance (−0.7 pts).
- Banks51.3% → 52.9%+1.7 pts
- Financial Technology (fintech)4.1% → 3.3%−0.7 pts
- Finance25.9% → 25.2%−0.7 pts
- Insurance7.9% → 7.6%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 51.3% | 52.9% |
| Finance | 25.9% | 25.2% |
| Capital Markets | 10.8% | 10.9% |
| Insurance | 7.9% | 7.6% |
| Financial Technology (fintech) | 4.1% | 3.3% |
Allocation in Sep 2026change vs Aug 2026
- Banks (15)52.9%▲ 1.7 pts
- Finance (22)25.2%▼ 0.7 pts
- Capital Markets (11)10.9%▲ 0.1 pts
- Insurance (7)7.6%▼ 0.3 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
1.4%
▼ 0.3 pts vs Aug 2026
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.4% – 2.6%
- lowest to highest · record 2.6% in Jul 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.