Loading…
Sectoral / Thematic · DSP Mutual Fund · AMFI code 152206DSP Banking & Financial Services Fund
Disclosed for 34 months, Dec 2023 to Sep 2026.
Portfolio value
₹1,543 Cr
down ₹186 Cr vs Feb 2026
- Stocks held
- 34
- down 3 vs Feb 2026
- Top 10 weight
- 56.3%
- of the portfolio in its ten largest
- Cash & debt
- 2.7%
- 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 March 2026 it disclosed 34 stocks worth ₹1,543 Cr, down ₹186 Cr from Feb 2026. Its largest positions were ICICI Bank Limited (9.6%), Axis Bank Limited (8.6%), Bajaj Finance Limited (5.2%); the ten largest together made up 56.3% of the portfolio, and Banks was the biggest sector at 46.6% of its equity. Cash and debt stood at 2.7%. Compared with Feb 2026 the fund entered 0 new stocks and exited 3.
Against 229 other Sectoral / Thematic funds
Concentration
74%
Top-10 weight is higher than 74% of peers
Breadth
22%
Holds more stocks than 22% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. 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 | 9.57% | down 2.00 pts | ₹148 Cr | down ₹52.4 Cr | Trimmed |
| Axis Bank Limited | 8.59% | up 0.81 pts | ₹133 Cr | down ₹2 Cr | Trimmed |
| Bajaj Finance Limited | 5.23% | up 0.57 pts | ₹80.8 Cr | up ₹10 L | Held |
| Kotak Mahindra Bank Limited | 5.17% | down 0.25 pts | ₹79.8 Cr | down ₹14 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 5.14% | up 0.45 pts | ₹79.3 Cr | down ₹1.8 Cr | Trimmed |
| State Bank of India | 4.93% | down 1.48 pts | ₹76.1 Cr | down ₹34.8 Cr | Trimmed |
| SBI Life Insurance Company Limited | 4.74% | up 0.22 pts | ₹73.1 Cr | down ₹5.1 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.37% | up 3.20 pts | ₹67.4 Cr | up ₹47.2 Cr | Added |
| HDFC Bank Limited | 4.34% | down 0.36 pts | ₹67 Cr | down ₹14.3 Cr | Trimmed |
| Ujjivan Small Finance Bank Limited | 4.19% | up 0.14 pts | ₹64.6 Cr | down ₹5.4 Cr | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 4.07% | up 0.54 pts | ₹62.8 Cr | up ₹1.8 Cr | Added |
| Aditya Birla Capital Limited | 3.67% | up 0.02 pts | ₹56.6 Cr | down ₹6.5 Cr | Trimmed |
| PB Fintech Limited | 3.63% | up 0.65 pts | ₹56 Cr | up ₹4.5 Cr | Added |
| City Union Bank Limited | 3.15% | up 0.97 pts | ₹48.6 Cr | up ₹10.9 Cr | Added |
| Max Financial Services Limited | 3.15% | up 0.09 pts | ₹48.5 Cr | down ₹4.3 Cr | Trimmed |
| Aadhar Housing Finance Limited | 2.99% | up 0.58 pts | ₹46.1 Cr | up ₹4.5 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.85% | up 0.42 pts | ₹43.9 Cr | up ₹2 Cr | Added |
| Bank of Maharashtra | 2.83% | down 0.11 pts | ₹43.7 Cr | down ₹7.3 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 2.76% | down 0.10 pts | ₹42.6 Cr | down ₹6.9 Cr | Trimmed |
| Cash, TREPS & receivables | 2.71% | up 0.38 pts | ₹41.8 Cr | up ₹1.5 Cr | Added |
| PNB Housing Finance Limited | 2.06% | up 0.15 pts | ₹31.7 Cr | down ₹1.2 Cr | Trimmed |
| Angel One Limited | 1.90% | up 0.16 pts | ₹29.3 Cr | down ₹73 L | Trimmed |
| Bank of Baroda | 1.42% | down 1.50 pts | ₹21.8 Cr | down ₹28.6 Cr | Trimmed |
| Canara Robeco Mutual Fund | 1.37% | down 0.05 pts | ₹21.1 Cr | down ₹3.4 Cr | Trimmed |
| Prudent Corporate Advisory Services Limited | 1.29% | up 0.08 pts | ₹19.9 Cr | down ₹1.1 Cr | Trimmed |
| Karur Vysya Bank Limited | 1.13% | down 0.01 pts | ₹17.4 Cr | down ₹2.2 Cr | Trimmed |
| Tata Capital Limited | 0.98% | up 0.02 pts | ₹15.1 Cr | down ₹1.4 Cr | Trimmed |
| L&T Finance Limited | 0.76% | down 1.51 pts | ₹11.7 Cr | down ₹27.6 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.52% | down 0.01 pts | ₹8.1 Cr | down ₹1.1 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.38% | up <0.01 pts | ₹5.9 Cr | down ₹66 L | Trimmed |
| Zaggle Prepaid Ocean Services Limited | 0.09% | down 0.01 pts | ₹1.4 Cr | down ₹30 L | Trimmed |
| Bajaj Finserv Limited | 0.01% | down <0.01 pts | ₹18 L | down ₹4 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.01% | up <0.01 pts | ₹9 L | down ₹1 L | Trimmed |
| Life Insurance Corporation Of India | 0.01% | down <0.01 pts | ₹8 L | down ₹1 L | Trimmed |
| Power Finance Corporation Limited | <0.01% | up <0.01 pts | ₹4 L | down ₹0 L | Trimmed |
What changed, Feb 2026 to Mar 2026
New New positions (0)
None.
Exited Exited (3)
- Niva Bupa Health Insurance Company Limitedwas 0.9% · ₹15.6 Cr
- Mahindra & Mahindra Financial Services Limitedwas 0.7% · ₹11.8 Cr
- CSB Bank Limitedwas 0.5% · ₹8.4 Cr
Added Biggest additions
- Shriram Transport Finance Company Limitedup ₹47.2 Cr (+3.20% pts)
- City Union Bank Limitedup ₹10.9 Cr (+0.97% pts)
- Aadhar Housing Finance 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 Feb 2026, the weight rose most in Finance (+2.9 pts) and Financial Technology (fintech) (+0.7 pts), and fell most in Banks (−4.2 pts).
- Finance20.6% → 23.6%+2.9 pts
- Financial Technology (fintech)3.6% → 4.3%+0.7 pts
- Capital Markets12.6% → 13.2%+0.6 pts
- Banks50.8% → 46.6%−4.2 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 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Banks | 36.1% | 39.0% | 47.4% | 50.8% | 46.6% |
| Finance | 39.9% | 39.1% | 22.1% | 20.6% | 23.6% |
| Capital Markets | 3.5% | 11.0% | 12.8% | 12.6% | 13.2% |
| Insurance | 19.1% | 9.5% | 13.4% | 12.3% | 12.3% |
| Financial Technology (fintech) | — | 0.5% | 3.5% | 3.6% | 4.3% |
| IT - Services | 1.4% | 1.0% | 0.8% | 0.1% | 0.1% |
Allocation in Mar 2026change vs Feb 2026
- Banks (10)46.6%▼ 4.2 pts
- Finance (10)23.6%▲ 2.9 pts
- Capital Markets (6)13.2%▲ 0.6 pts
- Insurance (5)12.3%
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 2026
2.7%
▲ 0.4 pts vs Feb 2026
- Cash alone
- 2.7%
- cash and net receivables
- A year earlier
- 19.4%
- Mar 2025 · now ▼ 16.7 pts
- Last 12 months
- 2.3% – 18.8%
- 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.