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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
₹1,331 Cr
down ₹15.2 Cr vs Jul 2025
- Stocks held
- 24
- up 1 vs Jul 2025
- Top 10 weight
- 64.4%
- of the portfolio in its ten largest
- Cash & debt
- 11.7%
- 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 August 2025 it disclosed 24 stocks worth ₹1,331 Cr, down ₹15.2 Cr from Jul 2025. Its largest positions were ICICI Bank Limited (15.5%), Bajaj Finserv Limited (9.4%), State Bank of India (6.8%); the ten largest together made up 64.4% of the portfolio, and Banks was the biggest sector at 40.0% of its equity. Cash and debt stood at 11.7%. Compared with Jul 2025 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
7%
Holds more stocks than 7% of peers
Cash
97%
Holds more cash than 97% of peers
What these mean: concentration · cash
Holdings in August 2025
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 15.50% | down 0.74 pts | ₹206 Cr | down ₹12.3 Cr | Trimmed |
| Cash, TREPS & receivables | 11.73% | up 0.21 pts | ₹156 Cr | up ₹1.1 Cr | Added |
| Bajaj Finserv Limited | 9.44% | down 0.06 pts | ₹126 Cr | down ₹2.3 Cr | Trimmed |
| State Bank of India | 6.78% | up 0.13 pts | ₹90.3 Cr | up ₹67 L | Added |
| Axis Bank Limited | 6.43% | down 0.07 pts | ₹85.7 Cr | down ₹1.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 5.46% | down 0.02 pts | ₹72.6 Cr | down ₹1.2 Cr | Trimmed |
| Bajaj Finance Limited | 5.34% | up 0.04 pts | ₹71.1 Cr | down ₹27 L | Held |
| SBI Life Insurance Company Limited | 5.21% | down 0.04 pts | ₹69.3 Cr | down ₹1.4 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 3.69% | down 0.11 pts | ₹49.1 Cr | down ₹2 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 3.43% | down 0.01 pts | ₹45.7 Cr | down ₹64 L | Trimmed |
| Nippon Life India Asset Management Limited | 3.13% | down 0.07 pts | ₹41.7 Cr | down ₹1.5 Cr | Trimmed |
| Power Finance Corporation Limited | 2.82% | down 0.19 pts | ₹37.6 Cr | down ₹3 Cr | Trimmed |
| HDFC Bank Limited | 2.57% | down 0.12 pts | ₹34.3 Cr | down ₹2.1 Cr | Trimmed |
| Manappuram Finance Limited | 2.42% | up 0.10 pts | ₹32.2 Cr | up ₹1 Cr | Added |
| L&T Finance Limited | 2.25% | up 0.17 pts | ₹30 Cr | up ₹2 Cr | Added |
| CSB Bank Limited | 2.04% | down 0.30 pts | ₹27.2 Cr | down ₹4.3 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.99% | up 1.99 pts | ₹26.4 Cr | up ₹26.4 Cr | New |
| PNB Housing Finance Limited | 1.93% | down 0.57 pts | ₹25.7 Cr | down ₹7.9 Cr | Trimmed |
| Life Insurance Corporation Of India | 1.67% | down 0.06 pts | ₹22.2 Cr | down ₹1.1 Cr | Trimmed |
| Angel One Limited | 1.49% | down 0.24 pts | ₹19.9 Cr | down ₹3.5 Cr | Trimmed |
| Niva Bupa Health Insurance Company Limited | 1.27% | down 0.08 pts | ₹17 Cr | down ₹1.3 Cr | Trimmed |
| HDB Financial Services Limited | 1.26% | up 0.05 pts | ₹16.7 Cr | up ₹42 L | Added |
| Zaggle Prepaid Ocean Services Limited | 1.06% | up 0.05 pts | ₹14.2 Cr | up ₹48 L | Added |
| ICICI Lombard General Insurance Company Limited | 0.87% | down 0.03 pts | ₹11.6 Cr | down ₹55 L | Trimmed |
| 5Paisa Capital Limited | 0.20% | down 0.01 pts | ₹2.7 Cr | down ₹22 L | Trimmed |
What changed, Jul 2025 to Aug 2025
New New positions (1)
- Kotak Mahindra Bank Limited2.0% · ₹26.4 Cr
Exited Exited (0)
None.
Added Biggest additions
- L&T Finance Limitedup ₹2 Cr (+0.17% pts)
- Manappuram Finance Limitedup ₹1 Cr (+0.10% pts)
- State Bank of Indiaup ₹67 L (+0.13% pts)
- Zaggle Prepaid Ocean Services Limitedup ₹48 L (+0.05% 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 Jul 2025, the weight rose most in Banks (+1.1 pts), and fell most in Capital Markets (−0.5 pts) and Finance (−0.5 pts).
- Banks38.9% → 40.0%+1.1 pts
- Capital Markets10.1% → 9.6%−0.5 pts
- Finance39.4% → 38.9%−0.5 pts
- Insurance10.4% → 10.2%−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 | Aug 2024 | Feb 2025 | May 2025 | Jul 2025 | Aug 2025 |
|---|---|---|---|---|---|
| Banks | 50.6% | 40.6% | 37.9% | 38.9% | 40.0% |
| Finance | 38.9% | 41.0% | 34.2% | 39.4% | 38.9% |
| Insurance | 2.7% | 12.9% | 18.6% | 10.4% | 10.2% |
| Capital Markets | 7.8% | 4.0% | 7.9% | 10.1% | 9.6% |
| IT - Services | — | 1.5% | 1.5% | 1.1% | 1.2% |
Allocation in Aug 2025change vs Jul 2025
- Banks (6)40.0%▲ 1.1 pts
- Finance (9)38.9%▼ 0.5 pts
- Insurance (4)10.2%▼ 0.2 pts
- Capital Markets (4)9.6%▼ 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, Aug 2025
11.7%
▲ 0.2 pts vs Jul 2025
- Cash alone
- 11.8%
- cash and net receivables
- A year earlier
- 7.6%
- Aug 2024 · now ▲ 4.1 pts
- Last 12 months
- 7.3% – 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.