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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
₹1,341 Cr
up ₹50.9 Cr vs May 2025
- Stocks held
- 23
- up 1 vs May 2025
- Top 10 weight
- 69.6%
- of the portfolio in its ten largest
- Cash & debt
- 7.3%
- 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 June 2025 it disclosed 23 stocks worth ₹1,341 Cr, up ₹50.9 Cr from May 2025. Its largest positions were ICICI Bank Limited (15.9%), Bajaj Finserv Limited (10.1%), Axis Bank Limited (7.3%); the ten largest together made up 69.6% of the portfolio, and Finance was the biggest sector at 40.4% of its equity. Cash and debt stood at 7.3%. Compared with May 2025 the fund entered 3 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
85%
Holds more cash than 85% of peers
What these mean: concentration · cash
Holdings in June 2025
Download CSVEvery line the fund disclosed, with the change against May 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 15.91% | up 2.49 pts | ₹213 Cr | up ₹40.2 Cr | Added |
| Bajaj Finserv Limited | 10.07% | up 1.35 pts | ₹135 Cr | up ₹22.5 Cr | Added |
| Cash, TREPS & receivables | 7.35% | down 10.57 pts | ₹98.5 Cr | down ₹133 Cr | Trimmed |
| Axis Bank Limited | 7.33% | up 0.91 pts | ₹98.3 Cr | up ₹15.5 Cr | Added |
| State Bank of India | 6.88% | up 0.30 pts | ₹92.3 Cr | up ₹7.4 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 6.74% | up 0.76 pts | ₹90.4 Cr | up ₹13.2 Cr | Added |
| Bajaj Finance Limited | 5.66% | up 0.21 pts | ₹75.9 Cr | up ₹5.6 Cr | Added |
| SBI Life Insurance Company Limited | 5.26% | down 0.13 pts | ₹70.6 Cr | up ₹1 Cr | Added |
| Multi Commodity Exchange of India Limited | 4.43% | up 1.03 pts | ₹59.4 Cr | up ₹15.6 Cr | Added |
| Nippon Life India Asset Management Limited | 3.65% | up 0.81 pts | ₹49 Cr | up ₹12.4 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 3.62% | up 3.62 pts | ₹48.6 Cr | up ₹48.6 Cr | New |
| Power Finance Corporation Limited | 3.16% | up 0.04 pts | ₹42.3 Cr | up ₹2.1 Cr | Added |
| PNB Housing Finance Limited | 2.82% | up 0.06 pts | ₹37.8 Cr | up ₹2.2 Cr | Added |
| HDFC Bank Limited | 2.69% | down 0.03 pts | ₹36 Cr | up ₹1 Cr | Added |
| Manappuram Finance Limited | 2.53% | up 0.50 pts | ₹33.9 Cr | up ₹7.8 Cr | Added |
| CSB Bank Limited | 2.21% | up 0.27 pts | ₹29.6 Cr | up ₹4.6 Cr | Added |
| L&T Finance Limited | 2.12% | up 2.12 pts | ₹28.5 Cr | up ₹28.5 Cr | New |
| Angel One Limited | 1.96% | up 1.96 pts | ₹26.3 Cr | up ₹26.2 Cr | Added |
| Life Insurance Corporation Of India | 1.89% | down 0.04 pts | ₹25.4 Cr | up ₹48 L | Added |
| Niva Bupa Health Insurance Company Limited | 1.27% | down 0.16 pts | ₹17 Cr | down ₹1.4 Cr | Trimmed |
| Zaggle Prepaid Ocean Services Limited | 1.11% | down 0.10 pts | ₹14.9 Cr | down ₹73 L | Trimmed |
| HDB Financial Services Limited | 1.10% | up 1.10 pts | ₹14.8 Cr | up ₹14.8 Cr | New |
| ICICI Lombard General Insurance Company Limited | 0.96% | down 1.14 pts | ₹12.9 Cr | down ₹14.2 Cr | Trimmed |
| 5Paisa Capital Limited | 0.24% | down 0.01 pts | ₹3.2 Cr | up ₹1 L | Held |
| Cholamandalam Investment and Finance Company Limited Jul25 Derivative | −0.95% | down 0.95 pts | −₹12.7 Cr | down ₹12.7 Cr | New |
What changed, May 2025 to Jun 2025
New New positions (3)
- Mahindra & Mahindra Financial Services Limited3.6% · ₹48.6 Cr
- L&T Finance Limited2.1% · ₹28.5 Cr
- HDB Financial Services Limited1.1% · ₹14.8 Cr
Exited Exited (2)
- Max Financial Services Limitedwas 4.4% · ₹56.8 Cr
- AU Small Finance Bank Limitedwas <0.1% · ₹7 L
Added Biggest additions
- ICICI Bank Limitedup ₹40.2 Cr (+2.49% 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 May 2025, the weight rose most in Finance (+6.2 pts) and Capital Markets (+3.1 pts), and fell most in Insurance (−8.6 pts) and Banks (−0.5 pts).
- Finance34.2% → 40.4%+6.2 pts
- Capital Markets7.9% → 11.0%+3.1 pts
- Insurance18.6% → 10.0%−8.6 pts
- Banks37.9% → 37.4%−0.5 pts
- IT - Services1.5% → 1.2%−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 | Jun 2024 | Dec 2024 | Mar 2025 | May 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Finance | 35.9% | 34.7% | 39.9% | 34.2% | 40.4% |
| Banks | 53.9% | 50.3% | 36.1% | 37.9% | 37.4% |
| Capital Markets | 7.7% | 6.3% | 3.5% | 7.9% | 11.0% |
| Insurance | 2.6% | 6.7% | 19.1% | 18.6% | 10.0% |
| IT - Services | — | 2.1% | 1.4% | 1.5% | 1.2% |
Allocation in Jun 2025change vs May 2025
- Finance (9)40.4%▲ 6.2 pts
- Banks (5)37.4%▼ 0.5 pts
- Capital Markets (4)11.0%▲ 3.1 pts
- Insurance (4)10.0%▼ 8.6 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, Jun 2025
7.3%
▼ 10.6 pts vs May 2025
- Cash alone
- 7.3%
- cash and net receivables
- A year earlier
- 1.1%
- Jun 2024 · now ▲ 6.2 pts
- Last 12 months
- 3.0% – 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.