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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
₹1,210 Cr
up ₹92.8 Cr vs Mar 2025
- Stocks held
- 22
- down 1 vs Mar 2025
- Top 10 weight
- 64.3%
- of the portfolio in its ten largest
- Cash & debt
- 18.8%
- 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 April 2025 it disclosed 22 stocks worth ₹1,210 Cr, up ₹92.8 Cr from Mar 2025. Its largest positions were ICICI Bank Limited (14.1%), Bajaj Finserv Limited (9.0%), State Bank of India (6.8%); the ten largest together made up 64.3% of the portfolio, and Banks was the biggest sector at 39.2% of its equity. Cash and debt stood at 18.8%. Compared with Mar 2025 the fund entered 1 new stock and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% 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 April 2025
Download CSVEvery line the fund disclosed, with the change against Mar 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 | 18.76% | down 0.68 pts | ₹227 Cr | up ₹9.8 Cr | Added |
| ICICI Bank Limited | 14.13% | down 0.33 pts | ₹171 Cr | up ₹9.4 Cr | Added |
| Bajaj Finserv Limited | 9.00% | down 1.03 pts | ₹109 Cr | down ₹3.1 Cr | Trimmed |
| State Bank of India | 6.81% | down 0.09 pts | ₹82.4 Cr | up ₹5.3 Cr | Added |
| Axis Bank Limited | 6.81% | up 2.37 pts | ₹82.3 Cr | up ₹32.7 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 5.95% | down 0.44 pts | ₹71.9 Cr | up ₹55 L | Added |
| SBI Life Insurance Company Limited | 5.60% | up 0.48 pts | ₹67.8 Cr | up ₹10.5 Cr | Added |
| Bajaj Finance Limited | 5.46% | down 0.67 pts | ₹66.1 Cr | down ₹2.4 Cr | Trimmed |
| Max Financial Services Limited | 4.08% | up 0.19 pts | ₹49.3 Cr | up ₹5.9 Cr | Added |
| Power Finance Corporation Limited | 3.34% | down 0.34 pts | ₹40.3 Cr | down ₹68 L | Trimmed |
| Multi Commodity Exchange of India Limited | 3.10% | up 3.10 pts | ₹37.4 Cr | up ₹37.4 Cr | New |
| HDFC Bank Limited | 2.86% | down 0.08 pts | ₹34.7 Cr | up ₹1.7 Cr | Added |
| Nippon Life India Asset Management Limited | 2.61% | up 0.05 pts | ₹31.6 Cr | up ₹3 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 2.25% | down 0.80 pts | ₹27.2 Cr | down ₹6.8 Cr | Trimmed |
| Niva Bupa Health Insurance Company Limited | 2.23% | up 0.31 pts | ₹26.9 Cr | up ₹5.5 Cr | Added |
| Manappuram Finance Limited | 1.90% | up 0.24 pts | ₹23 Cr | up ₹4.4 Cr | Added |
| Life Insurance Corporation Of India | 1.72% | down 0.02 pts | ₹20.8 Cr | up ₹1.3 Cr | Added |
| CSB Bank Limited | 1.18% | up 0.32 pts | ₹14.3 Cr | up ₹4.7 Cr | Added |
| Bajaj Housing Finance Limited | 1.01% | down 1.56 pts | ₹12.2 Cr | down ₹16.5 Cr | Trimmed |
| Zaggle Prepaid Ocean Services Limited | 0.96% | down 0.21 pts | ₹11.6 Cr | down ₹1.4 Cr | Trimmed |
| 5Paisa Capital Limited | 0.24% | down 0.01 pts | ₹2.9 Cr | up ₹12 L | Added |
| AU Small Finance Bank Limited | 0.01% | up <0.01 pts | ₹7 L | up ₹1 L | Added |
| Angel One Limited | <0.01% | down <0.01 pts | ₹5 L | down ₹0 L | Held |
What changed, Mar 2025 to Apr 2025
New New positions (1)
- Multi Commodity Exchange of India Limited3.1% · ₹37.4 Cr
Exited Exited (2)
- Shriram Transport Finance Company Limitedwas 2.3% · ₹26 Cr
- BSE Limitedwas <0.1% · ₹55 L
Added Biggest additions
- Axis Bank Limitedup ₹32.7 Cr (+2.37% pts)
- SBI Life Insurance Company Limitedup ₹10.5 Cr (+0.48% pts)
- ICICI Bank Limited
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 Mar 2025, the weight rose most in Capital Markets (+3.8 pts) and Banks (+3.1 pts), and fell most in Finance (−7.1 pts) and IT - Services (−0.2 pts).
- Capital Markets3.5% → 7.3%+3.8 pts
- Banks36.1% → 39.2%+3.1 pts
- Insurance19.1% → 19.5%+0.4 pts
- Finance39.9% → 32.8%−7.1 pts
- IT - Services1.4% → 1.2%−0.2 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 | Apr 2024 | Oct 2024 | Jan 2025 | Mar 2025 | Apr 2025 |
|---|---|---|---|---|---|
| Banks | 55.8% | 50.5% | 46.6% | 36.1% | 39.2% |
| Finance | 35.4% | 34.6% | 38.6% | 39.9% | 32.8% |
| Insurance | 1.5% | 4.5% | 8.4% | 19.1% | 19.5% |
| Capital Markets | 7.3% | 10.4% | 4.5% | 3.5% | 7.3% |
| IT - Services | — | — | 1.9% | 1.4% | 1.2% |
Allocation in Apr 2025change vs Mar 2025
- Banks (6)39.2%▲ 3.1 pts
- Finance (6)32.8%▼ 7.1 pts
- Insurance (5)19.5%▲ 0.4 pts
- Capital Markets (4)7.3%▲ 3.8 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, Apr 2025
18.8%
▼ 0.7 pts vs Mar 2025
- Cash alone
- 18.8%
- cash and net receivables
- A year earlier
- 2.1%
- Apr 2024 · now ▲ 16.7 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.