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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
₹2,065 Cr
up ₹52.9 Cr vs Jun 2026
- Stocks held
- 35
- unchanged
- Top 10 weight
- 55.3%
- of the portfolio in its ten largest
- Cash & debt
- 1.2%
- 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 July 2026 it disclosed 35 stocks worth ₹2,065 Cr, up ₹52.9 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (10.4%), Axis Bank Limited (7.1%), Cholamandalam Investment and Finance Company Limited (5.8%); the ten largest together made up 55.3% of the portfolio, and Banks was the biggest sector at 47.7% of its equity. Cash and debt stood at 1.2%. Compared with Jun 2026 the fund entered 2 new stocks and exited 2.
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
13%
Holds more cash than 13% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 10.38% | up 0.17 pts | ₹214 Cr | up ₹9 Cr | Added |
| Axis Bank Limited | 7.14% | down 0.88 pts | ₹148 Cr | down ₹13.9 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 5.81% | up 0.04 pts | ₹120 Cr | up ₹3.9 Cr | Added |
| Bajaj Finance Limited | 5.07% | up 0.49 pts | ₹105 Cr | up ₹12.5 Cr | Added |
| State Bank of India | 4.89% | down 0.13 pts | ₹101 Cr | up ₹5 L | Held |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.69% | down 0.10 pts | ₹96.8 Cr | up ₹42 L | Held |
| Ujjivan Small Finance Bank Limited | 4.61% | up 0.59 pts | ₹95.2 Cr | up ₹14.3 Cr | Added |
| Kotak Mahindra Bank Limited | 4.27% | down 0.13 pts | ₹88.2 Cr | down ₹44 L | Held |
| SBI Life Insurance Company Limited | 4.23% | up 0.16 pts | ₹87.4 Cr | up ₹5.4 Cr | Added |
| PB Fintech Limited | 4.22% | up 0.24 pts | ₹87.3 Cr | up ₹7.1 Cr | Added |
| Max Financial Services Limited | 4.22% | up 0.92 pts | ₹87.1 Cr | up ₹20.8 Cr | Added |
| HDFC Bank Limited | 4.20% | down 0.40 pts | ₹86.7 Cr | down ₹5.8 Cr | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 4.01% | up 0.23 pts | ₹82.8 Cr | up ₹6.8 Cr | Added |
| Aditya Birla Capital Limited | 3.79% | up 0.02 pts | ₹78.3 Cr | up ₹2.4 Cr | Added |
| City Union Bank Limited | 3.57% | down 0.13 pts | ₹73.7 Cr | down ₹75 L | Trimmed |
| Karur Vysya Bank Limited | 2.78% | up 0.31 pts | ₹57.5 Cr | up ₹7.8 Cr | Added |
| Aadhar Housing Finance Limited | 2.76% | down 0.18 pts | ₹57.1 Cr | down ₹2.2 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 2.74% | down 1.34 pts | ₹56.6 Cr | down ₹25.4 Cr | Trimmed |
| PNB Housing Finance Limited | 2.45% | up 0.07 pts | ₹50.5 Cr | up ₹2.7 Cr | Added |
| Union Bank of India | 2.42% | up 0.08 pts | ₹50.1 Cr | up ₹2.9 Cr | Added |
| Bank of Maharashtra | 1.70% | down 0.31 pts | ₹35.2 Cr | down ₹5.4 Cr | Trimmed |
| Prudent Corporate Advisory Services Limited | 1.45% | up 0.10 pts | ₹30 Cr | up ₹2.7 Cr | Added |
| Nippon Life India Asset Management Limited | 1.25% | down 0.03 pts | ₹25.9 Cr | down ₹1 L | Held |
| Aditya Birla Sun Life AMC Limited | 1.18% | down 0.20 pts | ₹24.5 Cr | down ₹3.5 Cr | Trimmed |
| Cash, TREPS & receivables | 1.18% | down 1.39 pts | ₹24.4 Cr | down ₹27.4 Cr | Trimmed |
| BSE Limited | 1.15% | up 1.15 pts | ₹23.8 Cr | up ₹23.8 Cr | New |
| Bank of India | 1.13% | up 1.13 pts | ₹23.3 Cr | up ₹23.3 Cr | New |
| KFin Technologies Limited | 0.94% | up 0.11 pts | ₹19.4 Cr | up ₹2.7 Cr | Added |
| Tata Capital Limited | 0.88% | down 0.02 pts | ₹18.1 Cr | down ₹2 L | Held |
| Seshaasai Technologies Limited | 0.63% | up 0.05 pts | ₹13.1 Cr | up ₹1.4 Cr | Added |
| Billionbrains Garage Ventures Ltd | 0.20% | down 0.01 pts | ₹4.1 Cr | down ₹16 L | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.02% | down <0.01 pts | ₹37 L | down ₹2 L | Trimmed |
| Bajaj Finserv Limited | 0.01% | up <0.01 pts | ₹22 L | up ₹3 L | Added |
| Life Insurance Corporation Of India | <0.01% | down <0.01 pts | ₹9 L | down ₹0 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | <0.01% | down <0.01 pts | ₹8 L | down ₹1 L | Trimmed |
| Power Finance Corporation Limited | <0.01% | down <0.01 pts | ₹4 L | — | Held |
What changed, Jun 2026 to Jul 2026
New New positions (2)
- BSE Limited1.2% · ₹23.8 Cr
- Bank of India1.1% · ₹23.3 Cr
Exited Exited (2)
- Bank of Barodawas 0.6% · ₹11.5 Cr
- Canara Robeco Mutual Fundwas <0.1% · ₹60 L
Added Biggest additions
- Max Financial Services Limitedup ₹20.8 Cr (+0.92% pts)
- Ujjivan Small Finance Bank Limitedup ₹14.3 Cr (+0.59% 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 Jun 2026, the weight rose most in Insurance (+1.2 pts) and Financial Technology (fintech) (+0.2 pts), and fell most in Banks (−1.0 pts) and Capital Markets (−0.4 pts).
- Insurance11.4% → 12.6%+1.2 pts
- Financial Technology (fintech)4.7% → 4.9%+0.2 pts
- Banks48.6% → 47.7%−1.0 pts
- Capital Markets9.4% → 9.1%−0.4 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 | Jul 2025 | Jan 2026 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|
| Banks | 38.9% | 50.8% | 45.7% | 48.6% | 47.7% |
| Finance | 39.4% | 19.1% | 25.7% | 25.8% | 25.8% |
| Insurance | 10.4% | 12.9% | 11.6% | 11.4% | 12.6% |
| Capital Markets | 10.1% | 13.1% | 12.6% | 9.4% | 9.1% |
| Financial Technology (fintech) | — | 3.5% | 4.4% | 4.7% | 4.9% |
Allocation in Jul 2026change vs Jun 2026
- Banks (11)47.7%▼ 1.0 pts
- Finance (9)25.8%
- Insurance (5)12.6%▲ 1.2 pts
- Capital Markets (8)9.1%▼ 0.4 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, Jul 2026
1.2%
▼ 1.4 pts vs Jun 2026
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- 11.5%
- Jul 2025 · now ▼ 10.3 pts
- Last 12 months
- 1.2% – 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.