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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
₹275 Cr
up ₹4.7 Cr vs Jul 2026
- Stocks held
- 24
- down 1 vs Jul 2026
- Top 10 weight
- 59.7%
- of the portfolio in its ten largest
- Cash & debt
- 1.9%
- cash, money market and debt
- Moves this month
- 1 in · 2 out
- added to 10, trimmed 8
LIC Mf Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from LIC Mutual Fund. In August 2026 it disclosed 24 stocks worth ₹275 Cr, up ₹4.7 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (14.0%), AU Small Finance Bank Limited (7.4%), Axis Bank Limited (5.3%); the ten largest together made up 59.7% of the portfolio, and Banks was the biggest sector at 50.2% of its equity. Cash and debt stood at 1.9%. Compared with Jul 2026 the fund entered 1 new stock and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
82%
Top-10 weight is higher than 82% of peers
Breadth
7%
Holds more stocks than 7% of peers
Cash
28%
Holds more cash than 28% 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 | 13.98% | down 0.06 pts | ₹38.4 Cr | up ₹49 L | Added |
| AU Small Finance Bank Limited | 7.36% | up 1.60 pts | ₹20.2 Cr | up ₹4.7 Cr | Added |
| Axis Bank Limited | 5.27% | down 3.63 pts | ₹14.5 Cr | down ₹9.5 Cr | Trimmed |
| One 97 Communications Limited | 5.01% | up 1.87 pts | ₹13.7 Cr | up ₹5.3 Cr | Added |
| Bajaj Finance Limited | 5.00% | down 0.49 pts | ₹13.7 Cr | down ₹1.1 Cr | Trimmed |
| PB Fintech Limited | 4.92% | up 1.24 pts | ₹13.5 Cr | up ₹3.6 Cr | Added |
| IndusInd Bank Limited | 4.87% | down 0.06 pts | ₹13.4 Cr | up ₹5 L | Held |
| HDFC Bank Limited | 4.75% | down 3.47 pts | ₹13 Cr | down ₹9.1 Cr | Trimmed |
| City Union Bank Limited | 4.36% | up 1.36 pts | ₹12 Cr | up ₹3.9 Cr | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 4.22% | up 1.14 pts | ₹11.6 Cr | up ₹3.3 Cr | Added |
| Karur Vysya Bank Limited | 3.40% | down 0.01 pts | ₹9.3 Cr | up ₹14 L | Added |
| Nippon Life India Asset Management Limited | 3.36% | down 0.03 pts | ₹9.2 Cr | up ₹9 L | Added |
| BSE Limited | 3.26% | down 0.42 pts | ₹8.9 Cr | down ₹99 L | Trimmed |
| Motilal Oswal Financial Services Limited | 3.15% | up 0.97 pts | ₹8.7 Cr | up ₹2.8 Cr | Added |
| Aditya Birla Capital Limited | 3.03% | down 0.01 pts | ₹8.3 Cr | up ₹10 L | Added |
| DCB Bank Limited | 3.03% | up 1.19 pts | ₹8.3 Cr | up ₹3.4 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.98% | up 2.98 pts | ₹8.2 Cr | up ₹8.2 Cr | New |
| CreditAccess Grameen Limited | 2.70% | down 0.51 pts | ₹7.4 Cr | down ₹1.2 Cr | Trimmed |
| Max Financial Services Limited | 2.58% | up 0.80 pts | ₹7.1 Cr | up ₹2.3 Cr | Added |
| 360 One WAM Limited | 2.44% | up 0.70 pts | ₹6.7 Cr | up ₹2 Cr | Added |
| Aditya Birla Sun Life AMC Limited | 2.33% | up 0.05 pts | ₹6.4 Cr | up ₹24 L | Added |
| Ujjivan Small Finance Bank Limited | 2.26% | down 0.13 pts | ₹6.2 Cr | down ₹24 L | Trimmed |
| Aadhar Housing Finance Limited | 2.02% | down 0.16 pts | ₹5.5 Cr | down ₹34 L | Trimmed |
| Cash, TREPS & receivables | 1.88% | down 0.15 pts | ₹5.2 Cr | down ₹31 L | Trimmed |
| Aavas Financiers Limited | 1.84% | down 0.18 pts | ₹5 Cr | down ₹39 L | Trimmed |
What changed, Jul 2026 to Aug 2026
New New positions (1)
- Cholamandalam Investment and Finance Company Limited3.0% · ₹8.2 Cr
Exited Exited (2)
- Power Finance Corporation Limitedwas 2.6% · ₹7 Cr
- SBI Life Insurance Company Limitedwas 2.0% · ₹5.4 Cr
Added Biggest additions
- One 97 Communications Limitedup ₹5.3 Cr (+1.87% pts)
- AU Small Finance Bank Limitedup ₹4.7 Cr (+1.60% 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 Financial Technology (fintech) (+3.2 pts) and Capital Markets (+1.3 pts), and fell most in Banks (−3.4 pts) and Insurance (−1.2 pts).
- Financial Technology (fintech)7.0% → 10.1%+3.2 pts
- Capital Markets13.5% → 14.8%+1.3 pts
- Finance22.1% → 22.2%+0.1 pts
- Banks53.6% → 50.2%−3.4 pts
- Insurance3.9% → 2.6%−1.2 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 | Jul 2026 | Aug 2026 |
|---|---|---|---|
| Banks | 58.6% | 53.6% | 50.2% |
| Finance | 19.5% | 22.1% | 22.2% |
| Capital Markets | 12.2% | 13.5% | 14.8% |
| Financial Technology (fintech) | 5.3% | 7.0% | 10.1% |
| Insurance | 4.4% | 3.9% | 2.6% |
Allocation in Aug 2026change vs Jul 2026
- Banks (9)50.2%▼ 3.4 pts
- Finance (7)22.2%▲ 0.1 pts
- Capital Markets (5)14.8%▲ 1.3 pts
- Financial Technology (fintech) (2)10.1%▲ 3.2 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
1.9%
▼ 0.1 pts vs Jul 2026
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.9% – 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.