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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
₹2,012 Cr
up ₹142 Cr vs May 2026
- Stocks held
- 35
- up 2 vs May 2026
- Top 10 weight
- 55.5%
- of the portfolio in its ten largest
- Cash & debt
- 2.6%
DSP Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In June 2026 it disclosed 35 stocks worth ₹2,012 Cr, up ₹142 Cr from May 2026. Its largest positions were ICICI Bank Limited (10.2%), Axis Bank Limited (8.0%), Cholamandalam Investment and Finance Company Limited (5.8%); the ten largest together made up 55.5% of the portfolio, and Banks was the biggest sector at 48.6% of its equity. Cash and debt stood at 2.6%. Compared with May 2026 the fund entered 2 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
27%
Holds more stocks than 27% of peers
Cash
35%
Holds more cash than 35% of peers
What these mean: concentration · cash
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 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 | 10.20% | up 0.99 pts | ₹205 Cr | up ₹32.9 Cr | Added |
| Axis Bank Limited | 8.03% | up 0.08 pts | ₹162 Cr | up ₹12.8 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 5.77% | up 0.75 pts | ₹116 Cr | up ₹22.2 Cr | Added |
| State Bank of India | 5.01% | down 0.05 pts | ₹101 Cr | up ₹6.1 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.79% | up 0.11 pts | ₹96.4 Cr | up ₹8.8 Cr | Added |
| HDFC Bank Limited | 4.60% | down 0.02 pts | ₹92.5 Cr | up ₹6.2 Cr | Added |
| Bajaj Finance Limited | 4.58% | up 0.13 pts | ₹92.1 Cr | up ₹8.8 Cr | Added |
| Kotak Mahindra Bank Limited | 4.40% | down 0.24 pts | ₹88.6 Cr | up ₹1.8 Cr | Added |
| Multi Commodity Exchange of India Limited | 4.08% | down 0.49 pts | ₹82.1 Cr | down ₹3.4 Cr | Trimmed |
| SBI Life Insurance Company Limited | 4.08% | down 0.14 pts | ₹82 Cr | up ₹3.1 Cr | Added |
| Ujjivan Small Finance Bank Limited | 4.02% | up 0.20 pts | ₹80.9 Cr | up ₹9.4 Cr | Added |
| PB Fintech Limited | 3.98% | up 0.05 pts | ₹80.1 Cr | up ₹6.6 Cr | Added |
| Canara HSBC Life Insurance Co Ltd | 3.78% | up 0.29 pts | ₹76 Cr | up ₹10.8 Cr | Added |
| Aditya Birla Capital Limited | 3.77% | up 0.01 pts | ₹75.9 Cr | up ₹5.6 Cr | Added |
| City Union Bank Limited | 3.70% | up 0.15 pts | ₹74.5 Cr | up ₹8 Cr | Added |
| Max Financial Services Limited | 3.29% | up 0.05 pts | ₹66.3 Cr | up ₹5.6 Cr | Added |
| Aadhar Housing Finance Limited | 2.94% | up 0.24 pts | ₹59.2 Cr | up ₹8.6 Cr | Added |
| Cash, TREPS & receivables | 2.58% | down 3.82 pts | ₹51.9 Cr | down ₹67.9 Cr | Trimmed |
| Karur Vysya Bank Limited | 2.47% | up 0.29 pts | ₹49.7 Cr | up ₹8.9 Cr | Added |
| PNB Housing Finance Limited | 2.38% | up 0.06 pts | ₹47.8 Cr | up ₹4.5 Cr | Added |
| Union Bank of India | 2.34% | up 2.34 pts | ₹47.1 Cr | up ₹47.1 Cr | New |
| Bank of Maharashtra | 2.02% | down 0.55 pts | ₹40.6 Cr | down ₹7.4 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 1.39% | up 0.01 pts | ₹27.9 Cr | up ₹2.2 Cr | Added |
| Prudent Corporate Advisory Services Limited | 1.36% | up 0.03 pts | ₹27.3 Cr | up ₹2.5 Cr | Added |
| Nippon Life India Asset Management Limited | 1.29% | down 0.71 pts | ₹25.9 Cr | down ₹11.6 Cr | Trimmed |
| Tata Capital Limited | 0.90% | up 0.09 pts | ₹18.2 Cr | up ₹3 Cr | Added |
| KFin Technologies Limited | 0.83% | up 0.83 pts | ₹16.7 Cr | up ₹16.7 Cr | New |
| Seshaasai Technologies Limited | 0.58% | up 0.05 pts | ₹11.7 Cr | up ₹1.8 Cr | Added |
| Bank of Baroda | 0.57% | down 0.03 pts | ₹11.5 Cr | up ₹16 L | Added |
| Billionbrains Garage Ventures Ltd | 0.21% | up <0.01 pts | ₹4.3 Cr | up ₹36 L | Added |
| Canara Robeco Mutual Fund | 0.03% | down 0.69 pts | ₹60 L | down ₹12.8 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.02% | down <0.01 pts | ₹40 L | down ₹3 L | Trimmed |
| Bajaj Finserv Limited | 0.01% | down <0.01 pts | ₹20 L | down ₹0 L | Held |
| Life Insurance Corporation Of India | <0.01% | down <0.01 pts | ₹9 L | up ₹0 L | Added |
| ICICI Lombard General Insurance Company Limited | <0.01% | down <0.01 pts | ₹9 L | down ₹0 L | Trimmed |
| Power Finance Corporation Limited | <0.01% | down <0.01 pts | ₹4 L | down ₹0 L | Trimmed |
What changed, May 2026 to Jun 2026
New New positions (2)
- Union Bank of India2.3% · ₹47.1 Cr
- KFin Technologies Limited0.8% · ₹16.7 Cr
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹32.9 Cr (+0.99% pts)
- Cholamandalam Investment and Finance Company Limitedup ₹22.2 Cr (+0.75% pts)
- Axis Bank Limitedup ₹12.8 Cr (+0.08% 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 2026, the weight rose most in Banks (+1.4 pts) and Finance (+0.4 pts), and fell most in Capital Markets (−1.5 pts) and Insurance (−0.3 pts).
- Banks47.2% → 48.6%+1.4 pts
- Finance25.4% → 25.8%+0.4 pts
- Capital Markets10.9% → 9.4%−1.5 pts
- Insurance11.7% → 11.4%−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 | Jun 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Banks | 37.4% | 47.4% | 46.6% | 47.2% | 48.6% |
| Finance | 40.4% | 22.1% | 23.6% | 25.4% | 25.8% |
| Insurance | 10.0% | 13.4% | 12.3% | 11.7% | 11.4% |
| Capital Markets | 11.0% | 12.8% | 13.2% | 10.9% | 9.4% |
| Financial Technology (fintech) | — | 3.5% | 4.3% | 4.8% | 4.7% |
Allocation in Jun 2026change vs May 2026
- Banks (11)48.6%▲ 1.4 pts
- Finance (9)25.8%▲ 0.4 pts
- Insurance (5)11.4%▼ 0.3 pts
- Capital Markets (8)9.4%▼ 1.5 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, Jun 2026
2.6%
▼ 3.8 pts vs May 2026
- Cash alone
- 2.6%
- cash and net receivables
- A year earlier
- 7.3%
- Jun 2025 · now ▼ 4.8 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.