Loading…
Sectoral / Thematic · DSP Mutual Fund · AMFI code 152206DSP Banking & Financial Services Fund
Disclosed for 34 months, Dec 2023 to Sep 2026.
Portfolio value
₹1,290 Cr
up ₹80.6 Cr vs Apr 2025
- Stocks held
- 22
- unchanged
- Top 10 weight
- 62.9%
- of the portfolio in its ten largest
- Cash & debt
- 17.9%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
DSP Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In May 2025 it disclosed 22 stocks worth ₹1,290 Cr, up ₹80.6 Cr from Apr 2025. Its largest positions were ICICI Bank Limited (13.4%), Bajaj Finserv Limited (8.7%), State Bank of India (6.6%); the ten largest together made up 62.9% of the portfolio, and Banks was the biggest sector at 37.9% of its equity. Cash and debt stood at 17.9%. Compared with Apr 2025 the fund entered 1 new stock and exited 1.
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
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in May 2025
Download CSVEvery line the fund disclosed, with the change against Apr 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 | 17.92% | down 0.84 pts | ₹231 Cr | up ₹4.2 Cr | Added |
| ICICI Bank Limited | 13.42% | down 0.71 pts | ₹173 Cr | up ₹2.3 Cr | Added |
| Bajaj Finserv Limited | 8.72% | down 0.28 pts | ₹113 Cr | up ₹3.7 Cr | Added |
| State Bank of India | 6.58% | down 0.23 pts | ₹84.9 Cr | up ₹2.5 Cr | Added |
| Axis Bank Limited | 6.42% | down 0.39 pts | ₹82.8 Cr | up ₹50 L | Added |
| Cholamandalam Investment and Finance Company Limited | 5.98% | up 0.03 pts | ₹77.2 Cr | up ₹5.2 Cr | Added |
| Bajaj Finance Limited | 5.44% | down 0.02 pts | ₹70.2 Cr | up ₹4.2 Cr | Added |
| SBI Life Insurance Company Limited | 5.39% | down 0.21 pts | ₹69.6 Cr | up ₹1.8 Cr | Added |
| Max Financial Services Limited | 4.40% | up 0.32 pts | ₹56.8 Cr | up ₹7.5 Cr | Added |
| Multi Commodity Exchange of India Limited | 3.40% | up 0.30 pts | ₹43.8 Cr | up ₹6.4 Cr | Added |
| Power Finance Corporation Limited | 3.12% | down 0.22 pts | ₹40.2 Cr | down ₹14 L | Held |
| Nippon Life India Asset Management Limited | 2.84% | up 0.23 pts | ₹36.6 Cr | up ₹5.1 Cr | Added |
| PNB Housing Finance Limited | 2.76% | up 2.76 pts | ₹35.6 Cr | up ₹35.6 Cr | New |
| HDFC Bank Limited | 2.71% | down 0.15 pts | ₹35 Cr | up ₹36 L | Added |
| ICICI Lombard General Insurance Company Limited | 2.10% | down 0.14 pts | ₹27.1 Cr | down ₹2 L | Held |
| Manappuram Finance Limited | 2.02% | up 0.12 pts | ₹26.1 Cr | up ₹3.1 Cr | Added |
| CSB Bank Limited | 1.94% | up 0.75 pts | ₹25 Cr | up ₹10.7 Cr | Added |
| Life Insurance Corporation Of India | 1.93% | up 0.21 pts | ₹24.9 Cr | up ₹4.1 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 1.43% | down 0.79 pts | ₹18.5 Cr | down ₹8.5 Cr | Trimmed |
| Zaggle Prepaid Ocean Services Limited | 1.21% | up 0.25 pts | ₹15.6 Cr | up ₹4 Cr | Added |
| 5Paisa Capital Limited | 0.25% | up 0.01 pts | ₹3.2 Cr | up ₹30 L | Added |
| AU Small Finance Bank Limited | 0.01% | down <0.01 pts | ₹7 L | up ₹0 L | Added |
| Angel One Limited | <0.01% | up <0.01 pts | ₹6 L | up ₹1 L | Added |
What changed, Apr 2025 to May 2025
New New positions (1)
- PNB Housing Finance Limited2.8% · ₹35.6 Cr
Exited Exited (1)
- Bajaj Housing Finance Limitedwas 1.0% · ₹12.2 Cr
Added Biggest additions
- CSB Bank Limitedup ₹10.7 Cr (+0.75% pts)
- Max Financial Services Limitedup ₹7.5 Cr (+0.32% pts)
- Multi Commodity Exchange of India Limitedup ₹6.4 Cr (+0.30% 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 Apr 2025, the weight rose most in Finance (+1.4 pts) and Capital Markets (+0.6 pts), and fell most in Banks (−1.3 pts) and Insurance (−0.9 pts).
- Finance32.8% → 34.2%+1.4 pts
- Capital Markets7.3% → 7.9%+0.6 pts
- IT - Services1.2% → 1.5%+0.3 pts
- Banks39.2% → 37.9%−1.3 pts
- Insurance19.5% → 18.6%−0.9 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 | May 2024 | Nov 2024 | Feb 2025 | Apr 2025 | May 2025 |
|---|---|---|---|---|---|
| Banks | 54.6% | 51.0% | 40.6% | 39.2% | 37.9% |
| Finance | 36.0% | 34.3% | 41.0% | 32.8% | 34.2% |
| Insurance | 2.1% | 6.6% | 12.9% | 19.5% | 18.6% |
| Capital Markets | 7.3% | 8.1% | 4.0% | 7.3% | 7.9% |
| IT - Services | — | — | 1.5% | 1.2% | 1.5% |
Allocation in May 2025change vs Apr 2025
- Banks (6)37.9%▼ 1.3 pts
- Finance (6)34.2%▲ 1.4 pts
- Insurance (5)18.6%▼ 0.9 pts
- Capital Markets (4)7.9%▲ 0.6 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, May 2025
17.9%
▼ 0.8 pts vs Apr 2025
- Cash alone
- 17.9%
- cash and net receivables
- A year earlier
- 5.6%
- May 2024 · now ▲ 12.3 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.