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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
₹2,184 Cr
up ₹118 Cr vs Jul 2026
- Stocks held
- 34
- down 1 vs Jul 2026
- Top 10 weight
- 54.2%
- of the portfolio in its ten largest
- Cash & debt
- 1.2%
DSP Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from DSP Mutual Fund. In August 2026 it disclosed 34 stocks worth ₹2,184 Cr, up ₹118 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (9.9%), Axis Bank Limited (7.1%), Cholamandalam Investment and Finance Company Limited (5.5%); the ten largest together made up 54.2% of the portfolio, and Banks was the biggest sector at 47.5% of its equity. Cash and debt stood at 1.2%. Compared with Jul 2026 the fund entered 0 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
69%
Top-10 weight is higher than 69% of peers
Breadth
22%
Holds more stocks than 22% of peers
Cash
13%
Holds more cash than 13% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 9.94% | down 0.44 pts | ₹217 Cr | up ₹2.8 Cr | Added |
| Axis Bank Limited | 7.14% | up <0.01 pts | ₹156 Cr | up ₹8.5 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 5.51% | down 0.29 pts | ₹120 Cr | up ₹49 L | Held |
| PB Fintech Limited | 4.95% | up 0.72 pts | ₹108 Cr | up ₹20.8 Cr | Added |
| State Bank of India | 4.77% | down 0.12 pts | ₹104 Cr | up ₹3.2 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.70% | up 0.01 pts | ₹103 Cr | up ₹5.8 Cr | Added |
| Bajaj Finance Limited | 4.44% | down 0.63 pts | ₹96.9 Cr | down ₹7.7 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 4.34% | up 0.07 pts | ₹94.8 Cr | up ₹6.6 Cr | Added |
| Max Financial Services Limited | 4.26% | up 0.04 pts | ₹92.9 Cr | up ₹5.9 Cr | Added |
| Ujjivan Small Finance Bank Limited | 4.20% | down 0.41 pts | ₹91.7 Cr | down ₹3.5 Cr | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 4.04% | up 0.03 pts | ₹88.2 Cr | up ₹5.5 Cr | Added |
| HDFC Bank Limited | 3.76% | down 0.44 pts | ₹82.2 Cr | down ₹4.5 Cr | Trimmed |
| City Union Bank Limited | 3.75% | up 0.18 pts | ₹81.8 Cr | up ₹8.1 Cr | Added |
| SBI Life Insurance Company Limited | 3.70% | down 0.53 pts | ₹80.8 Cr | down ₹6.6 Cr | Trimmed |
| Aditya Birla Capital Limited | 3.63% | down 0.16 pts | ₹79.3 Cr | up ₹99 L | Added |
| Aadhar Housing Finance Limited | 3.34% | up 0.57 pts | ₹72.9 Cr | up ₹15.8 Cr | Added |
| Multi Commodity Exchange of India Limited | 3.27% | up 0.53 pts | ₹71.5 Cr | up ₹14.9 Cr | Added |
| Karur Vysya Bank Limited | 2.67% | down 0.11 pts | ₹58.3 Cr | up ₹86 L | Added |
| Union Bank of India | 2.53% | up 0.10 pts | ₹55.2 Cr | up ₹5.1 Cr | Added |
| PNB Housing Finance Limited | 2.52% | up 0.08 pts | ₹55.1 Cr | up ₹4.6 Cr | Added |
| Bank of Maharashtra | 2.42% | up 0.71 pts | ₹52.8 Cr | up ₹17.6 Cr | Added |
| Prudent Corporate Advisory Services Limited | 1.54% | up 0.08 pts | ₹33.5 Cr | up ₹3.5 Cr | Added |
| Aditya Birla Sun Life AMC Limited | 1.49% | up 0.30 pts | ₹32.5 Cr | up ₹8 Cr | Added |
| Bank of India | 1.48% | up 0.35 pts | ₹32.3 Cr | up ₹9 Cr | Added |
| BSE Limited | 1.40% | up 0.25 pts | ₹30.6 Cr | up ₹6.7 Cr | Added |
| Cash, TREPS & receivables | 1.16% | down 0.02 pts | ₹25.4 Cr | up ₹94 L | Added |
| Nippon Life India Asset Management Limited | 0.98% | down 0.27 pts | ₹21.5 Cr | down ₹4.4 Cr | Trimmed |
| KFin Technologies Limited | 0.92% | down 0.02 pts | ₹20.1 Cr | up ₹67 L | Added |
| Seshaasai Technologies Limited | 0.67% | up 0.03 pts | ₹14.6 Cr | up ₹1.5 Cr | Added |
| Life Insurance Corporation Of India | 0.25% | up 0.25 pts | ₹5.6 Cr | up ₹5.5 Cr | Added |
| Billionbrains Garage Ventures Ltd | 0.19% | down 0.01 pts | ₹4.1 Cr | down ₹5 L | Trimmed |
| ICICI Prudential Asset Management Company Limited | 0.02% | down <0.01 pts | ₹37 L | down ₹1 L | Trimmed |
| Bajaj Finserv Limited | 0.01% | down <0.01 pts | ₹22 L | down ₹0 L | Held |
| ICICI Lombard General Insurance Company Limited | <0.01% | down <0.01 pts | ₹8 L | down ₹0 L | Trimmed |
| Power Finance Corporation Limited | <0.01% | down <0.01 pts | ₹3 L | down ₹1 L | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (0)
None.
Exited Exited (1)
- Tata Capital Limitedwas 0.9% · ₹18.1 Cr
Added Biggest additions
- PB Fintech Limitedup ₹20.8 Cr (+0.72% pts)
- Bank of Maharashtraup ₹17.6 Cr (+0.71% pts)
- Aadhar Housing Finance Limitedup ₹15.8 Cr (+0.57% pts)
- Multi Commodity Exchange of India Limitedup ₹14.9 Cr (+0.53% 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 Jul 2026, the weight rose most in Capital Markets (+0.9 pts) and Financial Technology (fintech) (+0.8 pts), and fell most in Finance (−1.3 pts) and Insurance (−0.2 pts).
- Capital Markets9.1% → 9.9%+0.9 pts
- Financial Technology (fintech)4.9% → 5.7%+0.8 pts
- Finance25.8% → 24.4%−1.3 pts
- Insurance12.6% → 12.4%−0.2 pts
- Banks47.7% → 47.5%−0.1 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 | Aug 2025 | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|
| Banks | 40.0% | 50.8% | 47.2% | 47.7% | 47.5% |
| Finance | 38.9% | 20.6% | 25.4% | 25.8% | 24.4% |
| Insurance | 10.2% | 12.3% | 11.7% | 12.6% | 12.4% |
| Capital Markets | 9.6% | 12.6% | 10.9% | 9.1% | 9.9% |
| Financial Technology (fintech) | — | 3.6% | 4.8% | 4.9% | 5.7% |
Allocation in Aug 2026change vs Jul 2026
- Banks (11)47.5%▼ 0.1 pts
- Finance (8)24.4%▼ 1.3 pts
- Insurance (5)12.4%▼ 0.2 pts
- Capital Markets (8)9.9%▲ 0.9 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, Aug 2026
1.2%
unchanged vs Jul 2026
- Cash alone
- 1.2%
- cash and net receivables
- A year earlier
- 11.7%
- Aug 2025 · now ▼ 10.6 pts
- Last 12 months
- 1.2% – 9.9%
- 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.