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Sectoral / Thematic · DSP Mutual Fund · AMFI code 152206DSP Banking & Financial Services Fund
Disclosed for 34 months, Dec 2023 to Sep 2026.
Portfolio value
₹1,117 Cr
up ₹104 Cr vs Feb 2025
- Stocks held
- 23
- up 1 vs Feb 2025
- Top 10 weight
- 64.1%
- of the portfolio in its ten largest
- Cash & debt
- 19.4%
- cash, money market and debt
DSP Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In March 2025 it disclosed 23 stocks worth ₹1,117 Cr, up ₹104 Cr from Feb 2025. Its largest positions were ICICI Bank Limited (14.5%), Bajaj Finserv Limited (10.0%), State Bank of India (6.9%); the ten largest together made up 64.1% of the portfolio, and Finance was the biggest sector at 39.9% of its equity. Cash and debt stood at 19.4%. Compared with Feb 2025 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
88%
Top-10 weight is higher than 88% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
99%
Holds more cash than 99% of peers
What these mean: concentration · cash
Holdings in March 2025
Download CSVEvery line the fund disclosed, with the change against Feb 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 19.44% | up 0.78 pts | ₹217 Cr | up ₹28.2 Cr | Added |
| ICICI Bank Limited | 14.46% | down 1.71 pts | ₹162 Cr | down ₹2.2 Cr | Trimmed |
| Bajaj Finserv Limited | 10.03% | down 0.09 pts | ₹112 Cr | up ₹9.5 Cr | Added |
| State Bank of India | 6.91% | up 0.48 pts | ₹77.2 Cr | up ₹12.1 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 6.39% | down 0.43 pts | ₹71.4 Cr | up ₹2.3 Cr | Added |
| Bajaj Finance Limited | 6.13% | up 0.06 pts | ₹68.4 Cr | up ₹7 Cr | Added |
| SBI Life Insurance Company Limited | 5.13% | up 0.82 pts | ₹57.3 Cr | up ₹13.6 Cr | Added |
| Axis Bank Limited | 4.44% | down 0.07 pts | ₹49.6 Cr | up ₹3.9 Cr | Added |
| Max Financial Services Limited | 3.88% | up 1.40 pts | ₹43.4 Cr | up ₹18.2 Cr | Added |
| Power Finance Corporation Limited | 3.67% | up 0.11 pts | ₹41 Cr | up ₹4.9 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 3.04% | up 3.04 pts | ₹34 Cr | up ₹34 Cr | New |
| HDFC Bank Limited | 2.95% | down 0.13 pts | ₹32.9 Cr | up ₹1.7 Cr | Added |
| Bajaj Housing Finance Limited | 2.57% | down 0.25 pts | ₹28.7 Cr | up ₹10 L | Held |
| Nippon Life India Asset Management Limited | 2.56% | up 0.06 pts | ₹28.6 Cr | up ₹3.2 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.33% | down 0.03 pts | ₹26 Cr | up ₹2.1 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 1.91% | down 0.03 pts | ₹21.4 Cr | up ₹1.7 Cr | Added |
| Life Insurance Corporation Of India | 1.74% | down 0.04 pts | ₹19.4 Cr | up ₹1.4 Cr | Added |
| Manappuram Finance Limited | 1.67% | up 0.08 pts | ₹18.6 Cr | up ₹2.5 Cr | Added |
| Angel One Limited Apr25 Derivative | 1.38% | up 1.38 pts | ₹15.4 Cr | up ₹15.4 Cr | New |
| Zaggle Prepaid Ocean Services Limited | 1.17% | down 0.07 pts | ₹13 Cr | up ₹53 L | Added |
| CSB Bank Limited | 0.86% | up 0.06 pts | ₹9.7 Cr | up ₹1.5 Cr | Added |
| 5Paisa Capital Limited | 0.25% | down 0.02 pts | ₹2.7 Cr | up ₹5 L | Added |
| BKNIFTY 51000 Put Apr25 Derivative | 0.08% | up 0.08 pts | ₹92 L | up ₹92 L | New |
| BSE Limited | 0.05% | down 0.41 pts | ₹55 L | down ₹4.1 Cr | Trimmed |
| AU Small Finance Bank Limited | <0.01% | down 2.02 pts | ₹5 L | down ₹20.4 Cr | Trimmed |
| Angel One Limited | <0.01% | down <0.01 pts | ₹5 L | up ₹0 L | Added |
| ICICI Lombard General Insurance Company Limited Apr25 Derivative | −3.05% | down 3.05 pts | −₹34.1 Cr | down ₹34.1 Cr | New |
What changed, Feb 2025 to Mar 2025
New New positions (1)
- ICICI Lombard General Insurance Company Limited3.0% · ₹34 Cr
Exited Exited (0)
None.
Added Biggest additions
- Max Financial Services Limitedup ₹18.2 Cr (+1.40% pts)
- SBI Life Insurance Company Limitedup ₹13.6 Cr (+0.82% pts)
- State Bank of Indiaup ₹12.1 Cr (+0.48% pts)
- Bajaj Finserv Limitedup ₹9.5 Cr (−0.09% pts)
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 Feb 2025, the weight rose most in Insurance (+6.2 pts), and fell most in Banks (−4.5 pts) and Finance (−1.1 pts).
- Insurance12.9% → 19.1%+6.2 pts
- Banks40.6% → 36.1%−4.5 pts
- Finance41.0% → 39.9%−1.1 pts
- Capital Markets4.0% → 3.5%−0.5 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 | Mar 2024 | Sep 2024 | Dec 2024 | Feb 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Finance | 37.8% | 41.5% | 34.7% | 41.0% | 39.9% |
| Banks | 55.4% | 46.7% | 50.3% | 40.6% | 36.1% |
| Insurance | — | 2.6% | 6.7% | 12.9% | 19.1% |
| Capital Markets | 6.8% | 9.3% | 6.3% | 4.0% | 3.5% |
| IT - Services | — | — | 2.1% | 1.5% | 1.4% |
Allocation in Mar 2025change vs Feb 2025
- Finance (7)39.9%▼ 1.1 pts
- Banks (6)36.1%▼ 4.5 pts
- Insurance (5)19.1%▲ 6.2 pts
- Capital Markets (4)3.5%▼ 0.5 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. More on reading cash.
Cash & debt, Mar 2025
19.4%
▲ 0.8 pts vs Feb 2025
- Cash alone
- 19.1%
- cash and net receivables
- A year earlier
- 5.1%
- Mar 2024 · now ▲ 14.3 pts
- Last 12 months
- 1.1% – 19.4%
- lowest to highest · record 41.1% in Dec 2023
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.