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Sectoral / Thematic · ICICI Prudential Mutual Fund · AMFI code 109445ICICI Prudential Banking & Financial Services Fund
Disclosed for 21 months, Jan 2025 to Sep 2026.
Portfolio value
₹11,154 Cr
up ₹67.5 Cr vs Nov 2025
- Stocks held
- 40
- unchanged
- Top 10 weight
- 72.5%
- of the portfolio in its ten largest
- Cash & debt
- 3.5%
- cash, money market and debt
- Moves this month
- 4 in · 4 out
- added to 10, trimmed 21
ICICI Prudential Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In December 2025 it disclosed 40 stocks worth ₹11,154 Cr, up ₹67.5 Cr from Nov 2025. Its largest positions were HDFC Bank Limited (19.6%), ICICI Bank Limited (16.9%), State Bank of India (7.6%); the ten largest together made up 72.5% of the portfolio, and Banks was the biggest sector at 60.6% of its equity. Cash and debt stood at 3.5%. Compared with Nov 2025 the fund entered 4 new stocks and exited 4.
Against 229 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
42%
Holds more stocks than 42% of peers
Cash
51%
Holds more cash than 51% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 19.63% | down 0.63 pts | ₹2,190 Cr | down ₹56.5 Cr | Trimmed |
| ICICI Bank Limited | 16.90% | down 1.58 pts | ₹1,885 Cr | down ₹164 Cr | Trimmed |
| State Bank of India | 7.62% | down 0.03 pts | ₹850 Cr | up ₹2 Cr | Held |
| Axis Bank Limited | 7.48% | down 0.11 pts | ₹835 Cr | down ₹6.8 Cr | Trimmed |
| SBI Life Insurance Company Limited | 5.50% | down <0.01 pts | ₹614 Cr | up ₹3.5 Cr | Added |
| Kotak Mahindra Bank Limited | 4.91% | up 0.14 pts | ₹548 Cr | up ₹19.1 Cr | Added |
| HDFC Life Insurance Company Limited | 3.52% | down 0.09 pts | ₹393 Cr | down ₹7.6 Cr | Trimmed |
| Cash, TREPS & receivables | 3.02% | down 2.12 pts | ₹337 Cr | down ₹233 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 2.72% | up 0.31 pts | ₹303 Cr | up ₹36.5 Cr | Added |
| Max Financial Services Limited | 2.25% | down 0.28 pts | ₹251 Cr | down ₹30 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 1.95% | up 1.88 pts | ₹217 Cr | up ₹210 Cr | Added |
| LIC Housing Finance Limited | 1.94% | down 0.05 pts | ₹216 Cr | down ₹3.8 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.73% | up 1.15 pts | ₹193 Cr | up ₹128 Cr | Added |
| Can Fin Homes Limited | 1.55% | up 0.10 pts | ₹173 Cr | up ₹12.4 Cr | Added |
| Aptus Value Housing Finance India Limited | 1.29% | up 0.63 pts | ₹144 Cr | up ₹71.1 Cr | Added |
| Anand Rathi Wealth Limited | 1.26% | up 0.08 pts | ₹140 Cr | up ₹10.1 Cr | Added |
| Medi Assist Healthcare Services Ltd | 1.22% | down 0.05 pts | ₹136 Cr | down ₹4.6 Cr | Trimmed |
| UTI Asset Management Company Limited | 1.15% | up 0.38 pts | ₹129 Cr | up ₹43.3 Cr | Added |
| Star Health And Allied Insurance Company Limited | 1.13% | down 0.09 pts | ₹126 Cr | down ₹9.2 Cr | Trimmed |
| PNB Housing Finance Limited | 1.09% | up 0.76 pts | ₹122 Cr | up ₹85.5 Cr | Added |
| Bajaj Housing Finance Limited | 1.06% | up 1.06 pts | ₹118 Cr | up ₹118 Cr | New |
| Bajaj Finance Limited | 0.98% | down 0.06 pts | ₹110 Cr | down ₹5.6 Cr | Trimmed |
| Aavas Financiers Limited | 0.97% | up 0.97 pts | ₹108 Cr | up ₹108 Cr | New |
| Repco Home Finance Limited | 0.93% | down 0.01 pts | ₹104 Cr | down ₹69 L | Trimmed |
| Bajaj Finserv Limited | 0.91% | down 0.03 pts | ₹101 Cr | down ₹2.7 Cr | Trimmed |
| Bajaj Holdings & Investment Limited | 0.90% | up 0.90 pts | ₹100 Cr | up ₹100 Cr | New |
| Bandhan Bank Limited | 0.84% | down 0.03 pts | ₹93.4 Cr | down ₹2.9 Cr | Trimmed |
| CSB Bank Limited | 0.63% | down 0.02 pts | ₹70.5 Cr | down ₹1.4 Cr | Trimmed |
| HDB Financial Services Limited | 0.59% | up 0.38 pts | ₹66 Cr | up ₹42.4 Cr | Added |
| Equitas Small Finance Bank Limited | 0.44% | down 0.01 pts | ₹48.7 Cr | down ₹90 L | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 0.42% | down 0.09 pts | ₹47.3 Cr | down ₹9.3 Cr | Trimmed |
| Indian Energy Exchange Limited | 0.42% | down 0.49 pts | ₹46.7 Cr | down ₹54.1 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.39% | down 0.04 pts | ₹43.2 Cr | down ₹4.3 Cr | Trimmed |
| Fusion Finance Limited | 0.36% | up 0.13 pts | ₹40 Cr | up ₹15.2 Cr | Added |
| General Insurance Corporation of India | 0.34% | down 0.01 pts | ₹38.1 Cr | down ₹64 L | Trimmed |
| Life Insurance Corporation Of India | 0.33% | up 0.16 pts | ₹37 Cr | up ₹17.5 Cr | Added |
| 91 Days Treasury Bill 15-Jan-2026 Debt | 0.31% | down <0.01 pts | ₹34.4 Cr | up ₹16 L | Held |
| Angel One Limited | 0.31% | down 0.47 pts | ₹34.2 Cr | down ₹51.4 Cr | Trimmed |
| CMS Info System Limited | 0.31% | down 0.02 pts | ₹34.2 Cr | down ₹1.6 Cr | Trimmed |
| Aadhar Housing Finance Limited | 0.26% | up 0.26 pts | ₹28.9 Cr | up ₹28.9 Cr | New |
| 364 Days Treasury Bills Debt | 0.17% | down <0.01 pts | ₹19.4 Cr | up ₹9 L | Held |
| Sundaram Finance Limited | 0.15% | up 0.13 pts | ₹16.6 Cr | up ₹14.7 Cr | Added |
| Canara Robeco Mutual Fund | 0.12% | down 0.01 pts | ₹13.5 Cr | down ₹76 L | Trimmed |
What changed, Nov 2025 to Dec 2025
New New positions (4)
- Bajaj Housing Finance Limited1.1% · ₹118 Cr
- Aavas Financiers Limited1.0% · ₹108 Cr
- Bajaj Holdings & Investment Limited0.9% · ₹100 Cr
- Aadhar Housing Finance Limited0.3% · ₹28.9 Cr
Exited Exited (4)
- The Federal Bank Limitedwas 1.2% · ₹137 Cr
- Muthoot Finance Limitedwas 1.1% · ₹124 Cr
- City Union Bank Limitedwas 0.7% · ₹76.4 Cr
- Fusion Finance Limited- Partly Paid up
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 Nov 2025, the weight rose most in Finance (+5.9 pts) and Insurance (+0.6 pts), and fell most in Banks (−5.8 pts) and Capital Markets (−0.6 pts).
- Finance9.6% → 15.5%+5.9 pts
- Insurance19.2% → 19.9%+0.6 pts
- Banks66.4% → 60.6%−5.8 pts
- Capital Markets4.0% → 3.4%−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 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|
| Banks | 69.1% | 68.3% | 66.4% | 60.6% |
| Insurance | 18.9% | 18.6% | 19.2% | 19.9% |
| Finance | 8.2% | 9.1% | 9.6% | 15.5% |
| Capital Markets | 3.4% | 3.2% | 4.0% | 3.4% |
| Financial Technology (fintech) | — | 0.4% | 0.5% | 0.4% |
| Commercial Services & Supplies | 0.3% | 0.4% | 0.3% | 0.3% |
Allocation in Dec 2025change vs Nov 2025
- Banks (8)60.6%▼ 5.8 pts
- Insurance (10)19.9%▲ 0.6 pts
- Finance (15)15.5%▲ 5.9 pts
- Capital Markets (5)3.4%▼ 0.6 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, Dec 2025
3.5%
▼ 2.1 pts vs Nov 2025
- Cash alone
- 3.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.8% – 10.3%
- lowest to highest · record 10.3% in Apr 2025
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.