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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
₹256 Cr
down ₹18.1 Cr vs Aug 2026
- Stocks held
- 24
- unchanged
- Top 10 weight
- 58.1%
- of the portfolio in its ten largest
- Cash & debt
- 4.3%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- no additions, trimmed 23
LIC Mf Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from LIC Mutual Fund. In September 2026 it disclosed 24 stocks worth ₹256 Cr, down ₹18.1 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (13.6%), AU Small Finance Bank Limited (7.3%), Axis Bank Limited (5.3%); the ten largest together made up 58.1% of the portfolio, and Banks was the biggest sector at 51.6% of its equity. Cash and debt stood at 4.3%. Compared with Aug 2026 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
79%
Top-10 weight is higher than 79% of peers
Breadth
5%
Holds more stocks than 5% of peers
Cash
64%
Holds more cash than 64% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 13.61%
- Δ weight
- down 0.37 pts
- Value
- ₹34.9 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 7.33%
- Δ weight
- down 0.03 pts
- Value
- ₹18.8 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 5.32%
- Δ weight
- up 0.05 pts
- Value
- ₹13.6 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- Weight
- 5.24%
- Δ weight
- up 0.23 pts
- Value
- ₹13.4 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 5.08%
- Δ weight
- up 0.33 pts
- Value
- ₹13 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 4.86%
- Δ weight
- down 0.14 pts
- Value
- ₹12.4 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 4.62%
- Δ weight
- down 0.25 pts
- Value
- ₹11.9 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 4.60%
- Δ weight
- up 0.24 pts
- Value
- ₹11.8 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 4.29%
- Δ weight
- up 2.41 pts
- Value
- ₹11 Cr
- Δ value
- up ₹5.8 Cr
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 4.00%
- Δ weight
- down 0.22 pts
- Value
- ₹10.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 3.40%
- Δ weight
- up <0.01 pts
- Value
- ₹8.7 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 3.29%
- Δ weight
- up 0.03 pts
- Value
- ₹8.4 Cr
- Δ value
- down ₹52 L
- Status
- Trimmed
- Weight
- 3.28%
- Δ weight
- down 0.08 pts
- Value
- ₹8.4 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 3.22%
- Δ weight
- up 0.06 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 3.02%
- Δ weight
- down <0.01 pts
- Value
- ₹7.8 Cr
- Δ value
- down ₹56 L
- Status
- Trimmed
- Weight
- 3.02%
- Δ weight
- down 0.01 pts
- Value
- ₹7.7 Cr
- Δ value
- down ₹59 L
- Status
- Trimmed
- Weight
- 2.99%
- Δ weight
- down 1.93 pts
- Value
- ₹7.7 Cr
- Δ value
- down ₹5.8 Cr
- Status
- Trimmed
- Weight
- 2.78%
- Δ weight
- down 0.20 pts
- Value
- ₹7.1 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 2.70%
- Δ weight
- down <0.01 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹50 L
- Status
- Trimmed
- Weight
- 2.42%
- Δ weight
- down 0.17 pts
- Value
- ₹6.2 Cr
- Δ value
- down ₹90 L
- Status
- Trimmed
- Weight
- 2.37%
- Δ weight
- up 0.10 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 2.36%
- Δ weight
- up 0.03 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 2.29%
- Δ weight
- down 0.15 pts
- Value
- ₹5.9 Cr
- Δ value
- down ₹83 L
- Status
- Trimmed
- Weight
- 2.01%
- Δ weight
- down 0.01 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 1.89%
- Δ weight
- up 0.05 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
What changed, Aug 2026 to Sep 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
None.
Trimmed Biggest reductions
- PB Fintech Limiteddown ₹5.8 Cr (−1.93% pts)
- ICICI Bank Limiteddown ₹3.5 Cr (−0.37% pts)
- IndusInd Bank Limiteddown ₹1.5 Cr (−0.25% pts)
- AU Small Finance Bank Limiteddown ₹1.4 Cr (−0.03% 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 Aug 2026, the weight rose most in Banks (+1.4 pts) and Capital Markets (+0.3 pts), and fell most in Financial Technology (fintech) (−1.5 pts) and Insurance (−0.1 pts).
- Banks50.2% → 51.6%+1.4 pts
- Capital Markets14.8% → 15.1%+0.3 pts
- Financial Technology (fintech)10.1% → 8.6%−1.5 pts
- Insurance2.6% → 2.5%−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 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|
| Banks | 52.7% | 50.2% | 51.6% |
| Finance | 22.2% | 22.2% | 22.2% |
| Capital Markets | 15.1% | 14.8% | 15.1% |
| Financial Technology (fintech) | 6.0% | 10.1% | 8.6% |
| Insurance | 4.0% | 2.6% | 2.5% |
Allocation in Sep 2026change vs Aug 2026
- Banks (9)51.6%▲ 1.4 pts
- Finance (7)22.2%
- Capital Markets (5)15.1%▲ 0.3 pts
- Financial Technology (fintech) (2)8.6%▼ 1.5 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.
Cash & debt, Sep 2026
4.3%
▲ 2.4 pts vs Aug 2026
- Cash alone
- 4.3%
- 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.