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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
₹1,828 Cr
up ₹285 Cr vs Mar 2026
- Stocks held
- 33
- down 1 vs Mar 2026
- Top 10 weight
- 54.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.8%
- 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 2026 it disclosed 33 stocks worth ₹1,828 Cr, up ₹285 Cr from Mar 2026. Its largest positions were ICICI Bank Limited (8.5%), Axis Bank Limited (8.0%), Multi Commodity Exchange of India Limited (5.4%); the ten largest together made up 54.8% of the portfolio, and Banks was the biggest sector at 45.7% of its equity. Cash and debt stood at 4.8%. Compared with Mar 2026 the fund entered 0 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
71%
Top-10 weight is higher than 71% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
68%
Holds more cash than 68% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 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 | 8.46% | down 1.11 pts | ₹155 Cr | up ₹7 Cr | Added |
| Axis Bank Limited | 8.02% | down 0.58 pts | ₹147 Cr | up ₹14 Cr | Added |
| Multi Commodity Exchange of India Limited | 5.40% | up 0.25 pts | ₹98.7 Cr | up ₹19.3 Cr | Added |
| State Bank of India | 5.23% | up 0.30 pts | ₹95.6 Cr | up ₹19.5 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 5.22% | up 2.37 pts | ₹95.4 Cr | up ₹51.4 Cr | Added |
| Cash, TREPS & receivables | 4.75% | up 2.04 pts | ₹86.9 Cr | up ₹45.1 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.74% | up 0.37 pts | ₹86.7 Cr | up ₹19.3 Cr | Added |
| Kotak Mahindra Bank Limited | 4.74% | down 0.44 pts | ₹86.6 Cr | up ₹6.8 Cr | Added |
| Bajaj Finance Limited | 4.70% | down 0.54 pts | ₹85.9 Cr | up ₹5.1 Cr | Added |
| SBI Life Insurance Company Limited | 4.29% | down 0.45 pts | ₹78.5 Cr | up ₹5.3 Cr | Added |
| Ujjivan Small Finance Bank Limited | 3.98% | down 0.21 pts | ₹72.8 Cr | up ₹8.2 Cr | Added |
| HDFC Bank Limited | 3.86% | down 0.48 pts | ₹70.6 Cr | up ₹3.7 Cr | Added |
| City Union Bank Limited | 3.84% | up 0.69 pts | ₹70.3 Cr | up ₹21.7 Cr | Added |
| PB Fintech Limited | 3.73% | up 0.10 pts | ₹68.2 Cr | up ₹12.2 Cr | Added |
| Aditya Birla Capital Limited | 3.66% | down 0.01 pts | ₹66.9 Cr | up ₹10.3 Cr | Added |
| Canara HSBC Life Insurance Co Ltd | 3.58% | down 0.49 pts | ₹65.4 Cr | up ₹2.6 Cr | Added |
| Max Financial Services Limited | 3.14% | down <0.01 pts | ₹57.5 Cr | up ₹8.9 Cr | Added |
| Bank of Maharashtra | 2.80% | down 0.04 pts | ₹51.1 Cr | up ₹7.4 Cr | Added |
| Aadhar Housing Finance Limited | 2.74% | down 0.24 pts | ₹50.2 Cr | up ₹4.1 Cr | Added |
| PNB Housing Finance Limited | 2.40% | up 0.35 pts | ₹43.9 Cr | up ₹12.2 Cr | Added |
| Nippon Life India Asset Management Limited | 2.33% | down 0.43 pts | ₹42.5 Cr | down ₹7 L | Held |
| Karur Vysya Bank Limited | 1.95% | up 0.82 pts | ₹35.7 Cr | up ₹18.3 Cr | Added |
| Angel One Limited | 1.78% | down 0.12 pts | ₹32.5 Cr | up ₹3.2 Cr | Added |
| Prudent Corporate Advisory Services Limited | 1.41% | up 0.12 pts | ₹25.8 Cr | up ₹5.9 Cr | Added |
| Canara Robeco Mutual Fund | 1.12% | down 0.25 pts | ₹20.4 Cr | down ₹75 L | Trimmed |
| Tata Capital Limited | 0.90% | down 0.08 pts | ₹16.5 Cr | up ₹1.4 Cr | Added |
| Bank of Baroda | 0.61% | down 0.81 pts | ₹11.1 Cr | down ₹10.7 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.50% | down 0.02 pts | ₹9.2 Cr | up ₹1.1 Cr | Added |
| L&T Finance Limited | 0.07% | down 0.68 pts | ₹1.3 Cr | down ₹10.3 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.02% | down 0.36 pts | ₹39 L | down ₹5.5 Cr | Trimmed |
| Bajaj Finserv Limited | 0.01% | down <0.01 pts | ₹19 L | up ₹1 L | Added |
| ICICI Lombard General Insurance Company Limited | <0.01% | down <0.01 pts | ₹9 L | up ₹0 L | Added |
| Life Insurance Corporation Of India | <0.01% | down <0.01 pts | ₹9 L | up ₹1 L | Added |
| Power Finance Corporation Limited | <0.01% | down <0.01 pts | ₹4 L | up ₹1 L | Added |
What changed, Mar 2026 to Apr 2026
New New positions (0)
None.
Exited Exited (1)
- Zaggle Prepaid Ocean Services Limitedwas 0.1% · ₹1.4 Cr
Added Biggest additions
- Cholamandalam Investment and Finance Company Limitedup ₹51.4 Cr (+2.37% pts)
- City Union Bank Limitedup ₹21.7 Cr (+0.69% pts)
- State Bank of Indiaup ₹19.5 Cr (+0.30% pts)
- Multi Commodity Exchange of India Limited ₹19.3 Cr (+0.25% 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 Mar 2026, the weight rose most in Finance (+2.1 pts) and Financial Technology (fintech) (+0.2 pts), and fell most in Banks (−0.9 pts) and Insurance (−0.7 pts).
- Finance23.6% → 25.7%+2.1 pts
- Financial Technology (fintech)4.3% → 4.4%+0.2 pts
- Banks46.6% → 45.7%−0.9 pts
- Insurance12.3% → 11.6%−0.7 pts
- Capital Markets13.2% → 12.6%−0.6 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 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|
| Banks | 39.2% | 47.7% | 50.8% | 46.6% | 45.7% |
| Finance | 32.8% | 25.7% | 19.1% | 23.6% | 25.7% |
| Capital Markets | 7.3% | 13.1% | 13.1% | 13.2% | 12.6% |
| Insurance | 19.5% | 11.0% | 12.9% | 12.3% | 11.6% |
| Financial Technology (fintech) | — | 1.6% | 3.5% | 4.3% | 4.4% |
Allocation in Apr 2026change vs Mar 2026
- Banks (10)45.7%▼ 0.9 pts
- Finance (10)25.7%▲ 2.1 pts
- Capital Markets (6)12.6%▼ 0.6 pts
- Insurance (5)11.6%▼ 0.7 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 2026
4.8%
▲ 2.0 pts vs Mar 2026
- Cash alone
- 4.8%
- cash and net receivables
- A year earlier
- 18.8%
- Apr 2025 · now ▼ 14.0 pts
- Last 12 months
- 2.3% – 17.9%
- 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.