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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
₹1,871 Cr
up ₹42.6 Cr vs Apr 2026
- Stocks held
- 33
- unchanged
- Top 10 weight
- 54.4%
- of the portfolio in its ten largest
- Cash & debt
- 6.4%
- 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 May 2026 it disclosed 33 stocks worth ₹1,871 Cr, up ₹42.6 Cr from Apr 2026. Its largest positions were ICICI Bank Limited (9.2%), Axis Bank Limited (7.9%), State Bank of India (5.1%); the ten largest together made up 54.4% of the portfolio, and Banks was the biggest sector at 47.2% of its equity. Cash and debt stood at 6.4%. Compared with Apr 2026 the fund entered 2 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
69%
Top-10 weight is higher than 69% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
80%
Holds more cash than 80% of peers
What these mean: concentration · cash
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 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 | 9.22% | up 0.76 pts | ₹172 Cr | up ₹17.7 Cr | Added |
| Axis Bank Limited | 7.95% | down 0.07 pts | ₹149 Cr | up ₹2.1 Cr | Added |
| Cash, TREPS & receivables | 6.40% | up 1.65 pts | ₹120 Cr | up ₹32.8 Cr | Added |
| State Bank of India | 5.06% | down 0.17 pts | ₹94.7 Cr | down ₹89 L | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 5.02% | down 0.20 pts | ₹93.9 Cr | down ₹1.5 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.68% | down 0.06 pts | ₹87.6 Cr | up ₹91 L | Added |
| Kotak Mahindra Bank Limited | 4.64% | down 0.10 pts | ₹86.8 Cr | up ₹20 L | Held |
| HDFC Bank Limited | 4.61% | up 0.75 pts | ₹86.3 Cr | up ₹15.7 Cr | Added |
| Multi Commodity Exchange of India Limited | 4.57% | down 0.83 pts | ₹85.5 Cr | down ₹13.2 Cr | Trimmed |
| Bajaj Finance Limited | 4.45% | down 0.25 pts | ₹83.3 Cr | down ₹2.6 Cr | Trimmed |
| SBI Life Insurance Company Limited | 4.22% | down 0.07 pts | ₹78.9 Cr | up ₹48 L | Added |
| PB Fintech Limited | 3.93% | up 0.20 pts | ₹73.6 Cr | up ₹5.4 Cr | Added |
| Ujjivan Small Finance Bank Limited | 3.82% | down 0.16 pts | ₹71.5 Cr | down ₹1.3 Cr | Trimmed |
| Aditya Birla Capital Limited | 3.76% | up 0.10 pts | ₹70.4 Cr | up ₹3.4 Cr | Added |
| City Union Bank Limited | 3.55% | down 0.29 pts | ₹66.5 Cr | down ₹3.8 Cr | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 3.48% | down 0.09 pts | ₹65.2 Cr | down ₹23 L | Held |
| Max Financial Services Limited | 3.24% | up 0.10 pts | ₹60.7 Cr | up ₹3.2 Cr | Added |
| Aadhar Housing Finance Limited | 2.70% | down 0.04 pts | ₹50.6 Cr | up ₹41 L | Added |
| Bank of Maharashtra | 2.56% | down 0.23 pts | ₹48 Cr | down ₹3.1 Cr | Trimmed |
| PNB Housing Finance Limited | 2.31% | down 0.09 pts | ₹43.3 Cr | down ₹64 L | Trimmed |
| Karur Vysya Bank Limited | 2.18% | up 0.23 pts | ₹40.8 Cr | up ₹5.1 Cr | Added |
| Nippon Life India Asset Management Limited | 2.00% | down 0.32 pts | ₹37.4 Cr | down ₹5.1 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.38% | up 1.38 pts | ₹25.7 Cr | up ₹25.7 Cr | New |
| Prudent Corporate Advisory Services Limited | 1.33% | down 0.08 pts | ₹24.8 Cr | down ₹97 L | Trimmed |
| Tata Capital Limited | 0.81% | down 0.09 pts | ₹15.2 Cr | down ₹1.4 Cr | Trimmed |
| Canara Robeco Mutual Fund | 0.72% | down 0.40 pts | ₹13.4 Cr | down ₹6.9 Cr | Trimmed |
| Bank of Baroda | 0.61% | down <0.01 pts | ₹11.3 Cr | up ₹21 L | Added |
| Seshaasai Technologies Limited | 0.53% | up 0.03 pts | ₹9.9 Cr | up ₹77 L | Added |
| Billionbrains Garage Ventures Ltd | 0.21% | up 0.21 pts | ₹3.9 Cr | up ₹3.9 Cr | New |
| ICICI Prudential Asset Management Company Limited | 0.02% | up <0.01 pts | ₹42 L | up ₹3 L | Added |
| Bajaj Finserv Limited | 0.01% | down <0.01 pts | ₹20 L | up ₹0 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% | up <0.01 pts | ₹9 L | up ₹0 L | Added |
| Power Finance Corporation Limited | <0.01% | down <0.01 pts | ₹4 L | down ₹0 L | Trimmed |
What changed, Apr 2026 to May 2026
New New positions (2)
- Aditya Birla Sun Life AMC Limited1.4% · ₹25.7 Cr
- Billionbrains Garage Ventures Ltd0.2% · ₹3.9 Cr
Exited Exited (2)
- Angel One Limitedwas 1.8% · ₹32.5 Cr
- L&T Finance Limitedwas 0.1% · ₹1.3 Cr
Added Biggest additions
- ICICI Bank Limitedup ₹17.7 Cr (+0.76% pts)
- HDFC Bank Limitedup ₹15.7 Cr (+0.75% 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 2026, the weight rose most in Banks (+1.6 pts) and Financial Technology (fintech) (+0.3 pts), and fell most in Capital Markets (−1.7 pts) and Finance (−0.3 pts).
- Banks45.7% → 47.2%+1.6 pts
- Financial Technology (fintech)4.4% → 4.8%+0.3 pts
- Insurance11.6% → 11.7%+0.1 pts
- Capital Markets12.6% → 10.9%−1.7 pts
- Finance25.7% → 25.4%−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 | May 2025 | Nov 2025 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|
| Banks | 37.9% | 48.0% | 50.8% | 45.7% | 47.2% |
| Finance | 34.2% | 21.6% | 20.6% | 25.7% | 25.4% |
| Insurance | 18.6% | 12.9% | 12.3% | 11.6% | 11.7% |
| Capital Markets | 7.9% | 12.8% | 12.6% | 12.6% | 10.9% |
| Financial Technology (fintech) | — | 3.8% | 3.6% | 4.4% | 4.8% |
Allocation in May 2026change vs Apr 2026
- Banks (10)47.2%▲ 1.6 pts
- Finance (9)25.4%▼ 0.3 pts
- Insurance (5)11.7%▲ 0.1 pts
- Capital Markets (7)10.9%▼ 1.7 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, May 2026
6.4%
▲ 1.6 pts vs Apr 2026
- Cash alone
- 6.4%
- cash and net receivables
- A year earlier
- 17.9%
- May 2025 · now ▼ 11.5 pts
- Last 12 months
- 2.3% – 11.7%
- 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.