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Sectoral / Thematic · Mirae Asset Mutual Fund · AMFI code 148621Mirae Asset Banking and Financial Services Fund
Disclosed for 70 months, Jan 2021 to Oct 2026.
Portfolio value
₹2,180 Cr
down ₹16.2 Cr vs Sep 2026
- Stocks held
- 29
Holdings as of the end of October 2026, from Mirae Asset Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
Mirae Asset Banking and Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Mirae Asset Mutual Fund. In October 2026 it disclosed 29 stocks worth ₹2,180 Cr, down ₹16.2 Cr from Sep 2026. Its largest positions were ICICI Bank Limited (14.5%), HDFC Bank Limited (14.2%), State Bank of India (9.1%); the ten largest together made up 70.0% of the portfolio, and Banks was the biggest sector at 60.0% of its equity. Cash and debt stood at 2.4%. Compared with Sep 2026 the fund entered 1 new stock and exited 2.
Against 234 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
15%
Holds more stocks than 15% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 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 | 14.53% | up 0.89 pts | ₹317 Cr | up ₹17.3 Cr | Added |
| HDFC Bank Limited | 14.22% | down 0.22 pts | ₹310 Cr | down ₹7.1 Cr | Trimmed |
| State Bank of India | 9.15% | up 0.53 pts | ₹199 Cr | up ₹10.1 Cr | Added |
| Axis Bank Limited | 7.96% | up <0.01 pts | ₹173 Cr | down ₹1.3 Cr | Trimmed |
| Bajaj Finance Limited | 6.62% | up 2.75 pts | ₹144 Cr | up ₹59.2 Cr | Added |
| Kotak Mahindra Bank Limited | 5.01% | up 0.52 pts | ₹109 Cr | up ₹10.5 Cr | Added |
| SBI Life Insurance Company Limited | 3.62% | up 0.18 pts | ₹79 Cr | up ₹3.3 Cr | Added |
| L&T Finance Limited | 3.00% | up 0.31 pts | ₹65.5 Cr | up ₹6.4 Cr | Added |
| KFin Technologies Limited | 2.99% | up 0.06 pts | ₹65.2 Cr | up ₹83 L | Added |
| Multi Commodity Exchange of India Limited | 2.89% | down 0.08 pts | ₹63 Cr | down ₹2.2 Cr | Trimmed |
| Aditya Birla Capital Limited | 2.57% | down 0.06 pts | ₹56 Cr | down ₹1.7 Cr | Trimmed |
| Cash, TREPS & receivables | 2.36% | up 0.28 pts | ₹51.5 Cr | up ₹5.8 Cr | Added |
| HDB Financial Services Limited | 2.22% | down 0.53 pts | ₹48.3 Cr | down ₹11.9 Cr | Trimmed |
| Karur Vysya Bank Limited | 2.00% | down 0.62 pts | ₹43.7 Cr | down ₹14 Cr | Trimmed |
| CRISIL Limited | 1.97% | up 0.04 pts | ₹43 Cr | up ₹63 L | Added |
| Home First Finance Company India Limited | 1.84% | down 0.04 pts | ₹40.2 Cr | down ₹1.2 Cr | Trimmed |
| Canara HSBC Life Insurance Co Ltd | 1.76% | down 0.38 pts | ₹38.3 Cr | down ₹8.6 Cr | Trimmed |
| Central Depository Services (India) Limited | 1.74% | up 0.01 pts | ₹37.8 Cr | down ₹3 L | Held |
| DCB Bank Limited | 1.67% | down 0.08 pts | ₹36.4 Cr | down ₹2.1 Cr | Trimmed |
| BSE Limited | 1.61% | up 0.20 pts | ₹35.1 Cr | up ₹4.2 Cr | Added |
| IndusInd Bank Limited | 1.47% | down 0.10 pts | ₹32.1 Cr | down ₹2.4 Cr | Trimmed |
| Pine Labs Limited | 1.41% | down 0.16 pts | ₹30.8 Cr | down ₹3.7 Cr | Trimmed |
| The Federal Bank Limited | 1.40% | up 0.10 pts | ₹30.5 Cr | up ₹2 Cr | Added |
| Credit Analysis and Research Limited | 1.33% | up 0.04 pts | ₹28.9 Cr | up ₹72 L | Added |
| GO Digit General Insurance Ltd. | 1.27% | up 0.01 pts | ₹27.6 Cr | up ₹6 L | Held |
| Equitas Small Finance Bank Limited | 1.14% | down 0.87 pts | ₹24.9 Cr | down ₹19.2 Cr | Trimmed |
| Billionbrains Garage Ventures Ltd | 1.05% | up 0.05 pts | ₹23 Cr | up ₹91 L | Added |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 0.87% | down 1.23 pts | ₹19 Cr | down ₹27.3 Cr | Trimmed |
| Moneyview Limited | 0.23% | up 0.23 pts | ₹5 Cr | up ₹5 Cr | New |
| Turtlemint Fintech Solutions Limited | 0.10% | down 0.04 pts | ₹2.2 Cr | down ₹96 L | Trimmed |
What changed, Sep 2026 to Oct 2026
New New positions (1)
- Moneyview Limited0.2% · ₹5 Cr
Exited Exited (2)
- PB Fintech Limitedwas 0.9% · ₹20.2 Cr
- General Insurance Corporation of Indiawas 0.9% · ₹19.5 Cr
Added Biggest additions
- Bajaj Finance Limitedup ₹59.2 Cr (+2.75% pts)
- ICICI Bank Limitedup ₹17.3 Cr (+0.89% pts)
- Kotak Mahindra Bank Limited ₹10.5 Cr (+0.52% 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 Sep 2026, the weight rose most in Finance (+1.4 pts) and Banks (+0.3 pts), and fell most in Insurance (−1.1 pts) and Financial Technology (fintech) (−0.9 pts).
- Finance19.5% → 20.9%+1.4 pts
- Banks59.6% → 60.0%+0.3 pts
- Capital Markets10.2% → 10.5%+0.3 pts
- Insurance7.9% → 6.8%−1.1 pts
- Financial Technology (fintech)2.7% → 1.8%−0.9 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 | Oct 2023 | Oct 2025 | Apr 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|---|---|
| Banks | 69.6% | 72.7% | 63.3% | 60.8% | 59.6% | 60.0% |
| Finance | 21.5% | 19.0% | 19.8% | 22.0% | 19.5% | 20.9% |
| Capital Markets | 1.3% | 2.3% | 6.1% | 6.1% | 10.2% | 10.5% |
| Insurance | 7.4% | 6.0% | 8.2% | 7.4% | 7.9% | 6.8% |
| Financial Technology (fintech) | 0.2% | — | 2.6% | 3.7% | 2.7% | 1.8% |
Allocation in Oct 2026change vs Sep 2026
- Banks (10)60.0%▲ 0.3 pts
- Finance (8)20.9%▲ 1.4 pts
- Capital Markets (5)10.5%▲ 0.3 pts
- Insurance (3)6.8%
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, Oct 2026
2.4%
▲ 0.3 pts vs Sep 2026
- Cash alone
- 2.4%
- cash and net receivables
- A year earlier
- 2.2%
- Oct 2025 · now ▲ 0.1 pts
- Last 12 months
- 1.5% – 5.0%
- lowest to highest · record 7.1% in Feb 2021
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.