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Sectoral / Thematic · LIC Mutual Fund · AMFI code 133908LIC Mf Banking And Financial Services Fund
Disclosed for 5 months, May 2026 to Sep 2026.Published as: LIC MF BANKING AND FINANCIAL SERVICES FUND
Portfolio value
₹269 Cr
up ₹12.9 Cr vs May 2026
- Stocks held
- 27
- up 1 vs May 2026
- Top 10 weight
- 58.0%
- of the portfolio in its ten largest
- Cash & debt
- 5.4%
- cash, money market and debt
- Moves this month
- 2 in · 1 out
- added to 10, trimmed 6
LIC Mf Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from LIC Mutual Fund. In June 2026 it disclosed 27 stocks worth ₹269 Cr, up ₹12.9 Cr from May 2026. Its largest positions were ICICI Bank Limited (13.5%), Axis Bank Limited (9.8%), HDFC Bank Limited (8.8%); the ten largest together made up 58.0% of the portfolio, and Banks was the biggest sector at 52.7% of its equity. Cash and debt stood at 5.4%. Compared with May 2026 the fund entered 2 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
78%
Top-10 weight is higher than 78% of peers
Breadth
11%
Holds more stocks than 11% of peers
Cash
74%
Holds more cash than 74% 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 | 13.49% | up 0.54 pts | ₹36.3 Cr | up ₹3.1 Cr | Added |
| Axis Bank Limited | 9.76% | down 0.49 pts | ₹26.3 Cr | down ₹0 L | Held |
| HDFC Bank Limited | 8.79% | down 1.82 pts | ₹23.7 Cr | down ₹3.5 Cr | Trimmed |
| AU Small Finance Bank Limited | 5.47% | up 0.01 pts | ₹14.7 Cr | up ₹74 L | Added |
| Cash, TREPS & receivables | 5.44% | down 0.56 pts | ₹14.6 Cr | down ₹73 L | Trimmed |
| Bajaj Finance Limited | 4.60% | up 0.23 pts | ₹12.4 Cr | up ₹1.2 Cr | Added |
| IndusInd Bank Limited | 3.48% | up 1.43 pts | ₹9.4 Cr | up ₹4.1 Cr | Added |
| Nippon Life India Asset Management Limited | 3.39% | up 0.02 pts | ₹9.1 Cr | up ₹49 L | Added |
| PB Fintech Limited | 3.03% | up 0.77 pts | ₹8.2 Cr | up ₹2.4 Cr | Added |
| CreditAccess Grameen Limited | 3.01% | up 0.26 pts | ₹8.1 Cr | up ₹1.1 Cr | Added |
| Karur Vysya Bank Limited | 2.96% | down 0.07 pts | ₹8 Cr | up ₹20 L | Added |
| BSE Limited | 2.91% | up 2.91 pts | ₹7.8 Cr | up ₹7.8 Cr | New |
| One 97 Communications Limited | 2.67% | down 0.08 pts | ₹7.2 Cr | up ₹14 L | Added |
| Aditya Birla Sun Life AMC Limited | 2.61% | up 0.08 pts | ₹7 Cr | up ₹55 L | Added |
| Power Finance Corporation Limited | 2.59% | down 0.16 pts | ₹7 Cr | down ₹7 L | Trimmed |
| Motilal Oswal Financial Services Limited | 2.45% | up 0.07 pts | ₹6.6 Cr | up ₹50 L | Added |
| Mas Financial Services Limited | 2.29% | down 0.11 pts | ₹6.2 Cr | up ₹1 L | Held |
| Aadhar Housing Finance Limited | 2.27% | up 0.06 pts | ₹6.1 Cr | up ₹45 L | Added |
| Aavas Financiers Limited | 2.26% | up 2.26 pts | ₹6.1 Cr | up ₹6.1 Cr | New |
| Aditya Birla Capital Limited | 2.14% | up 0.06 pts | ₹5.8 Cr | up ₹42 L | Added |
| City Union Bank Limited | 2.07% | up 0.82 pts | ₹5.6 Cr | up ₹2.4 Cr | Added |
| Ujjivan Small Finance Bank Limited | 1.97% | up 0.06 pts | ₹5.3 Cr | up ₹42 L | Added |
| Max Financial Services Limited | 1.89% | down 0.21 pts | ₹5.1 Cr | down ₹29 L | Trimmed |
| SBI Life Insurance Company Limited | 1.87% | down 0.17 pts | ₹5 Cr | down ₹18 L | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.85% | up 0.08 pts | ₹5 Cr | up ₹45 L | Added |
| DCB Bank Limited | 1.83% | up 0.01 pts | ₹4.9 Cr | up ₹26 L | Added |
| 360 One WAM Limited | 1.65% | down 0.13 pts | ₹4.4 Cr | down ₹12 L | Trimmed |
| Multi Commodity Exchange of India Limited | 1.28% | down 0.12 pts | ₹3.4 Cr | down ₹14 L | Trimmed |
What changed, May 2026 to Jun 2026
New New positions (2)
- BSE Limited2.9% · ₹7.8 Cr
- Aavas Financiers Limited2.3% · ₹6.1 Cr
Exited Exited (1)
- Kotak Mahindra Bank Limitedwas 5.8% · ₹14.8 Cr
Added Biggest additions
- IndusInd Bank Limitedup ₹4.1 Cr (+1.43% pts)
- ICICI Bank Limitedup ₹3.1 Cr (+0.54% pts)
- City Union Bank Limitedup ₹2.4 Cr (+0.82% 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 Capital Markets (+2.9 pts) and Finance (+2.7 pts), and fell most in Banks (−5.9 pts) and Insurance (−0.4 pts).
- Capital Markets12.2% → 15.1%+2.9 pts
- Finance19.5% → 22.2%+2.7 pts
- Financial Technology (fintech)5.3% → 6.0%+0.7 pts
- Banks58.6% → 52.7%−5.9 pts
- Insurance4.4% → 4.0%−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 | May 2026 | Jun 2026 |
|---|---|---|
| Banks | 58.6% | 52.7% |
| Finance | 19.5% | 22.2% |
| Capital Markets | 12.2% | 15.1% |
| Financial Technology (fintech) | 5.3% | 6.0% |
| Insurance | 4.4% | 4.0% |
Allocation in Jun 2026change vs May 2026
- Banks (9)52.7%▼ 5.9 pts
- Finance (8)22.2%▲ 2.7 pts
- Capital Markets (6)15.1%▲ 2.9 pts
- Financial Technology (fintech) (2)6.0%▲ 0.7 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, Jun 2026
5.4%
▼ 0.6 pts vs May 2026
- Cash alone
- 5.4%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 5.4% – 6.0%
- lowest to highest · record 6.0% in May 2026
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.