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Sectoral / Thematic · Nippon India Mutual Fund · AMFI code 101862Nippon India Banking & Financial Services Fund
Disclosed for 64 months, May 2021 to Aug 2026.Published as: NIPPON INDIA BANKING & FINANCIAL SERVICES FUND (An open ended equity scheme investing in Banking & Financial Services Sector)
Portfolio value
₹3,295 Cr
up ₹119 Cr vs Feb 2022
- Stocks held
- 23
- down 1 vs Feb 2022
- Top 10 weight
- 73.0%
- of the portfolio in its ten largest
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In March 2022 it disclosed 23 stocks worth ₹3,295 Cr, up ₹119 Cr from Feb 2022. Its largest positions were HDFC Bank Limited (16.0%), ICICI Bank Limited (13.5%), State Bank of India (9.3%); the ten largest together made up 73.0% of the portfolio, and Banks was the biggest sector at 66.1% of its equity. Cash and debt stood at 1.1%. Compared with Feb 2022 the fund entered 1 new stock and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
13%
Holds more cash than 13% of peers
What these mean: concentration · cash
Holdings in March 2022
Download CSVEvery line the fund disclosed, with the change against Feb 2022. 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 | 16.03% | down 0.10 pts | ₹528 Cr | up ₹15.8 Cr | Added |
| ICICI Bank Limited | 13.53% | down 0.28 pts | ₹446 Cr | up ₹7.3 Cr | Added |
| State Bank of India | 9.26% | up 0.62 pts | ₹305 Cr | up ₹30.6 Cr | Added |
| Axis Bank Limited | 9.25% | up 0.36 pts | ₹305 Cr | up ₹22.4 Cr | Added |
| Housing Development Finance Corporation Limited | 4.53% | up 0.63 pts | ₹149 Cr | up ₹25.3 Cr | Added |
| Bank of Baroda | 4.48% | up 0.04 pts | ₹148 Cr | up ₹6.7 Cr | Added |
| Angel One Limited | 4.20% | up 0.01 pts | ₹138 Cr | up ₹5.3 Cr | Added |
| The Federal Bank Limited | 4.19% | down 0.29 pts | ₹138 Cr | down ₹4.3 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 4.07% | up 0.18 pts | ₹134 Cr | up ₹10.4 Cr | Added |
| IndusInd Bank Limited | 3.46% | up 0.51 pts | ₹114 Cr | up ₹20.2 Cr | Added |
| SBI Life Insurance Company Limited | 3.40% | down 0.60 pts | ₹112 Cr | down ₹15.1 Cr | Trimmed |
| LIC Housing Finance Limited | 3.38% | up 0.03 pts | ₹111 Cr | up ₹4.9 Cr | Added |
| Equitas Small Finance Bank Limited | 2.51% | down 0.13 pts | ₹82.6 Cr | down ₹1.1 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.50% | down 0.21 pts | ₹82.2 Cr | down ₹3.6 Cr | Trimmed |
| Max Financial Services Limited | 2.49% | down 0.35 pts | ₹82 Cr | down ₹8.3 Cr | Trimmed |
| CreditAccess Grameen Limited | 2.36% | up 0.20 pts | ₹77.8 Cr | up ₹9.1 Cr | Added |
| Poonawalla Fincorp Limited | 1.99% | down 0.04 pts | ₹65.5 Cr | up ₹1.2 Cr | Added |
| Muthoot Finance Limited | 1.79% | down 0.11 pts | ₹59 Cr | down ₹1.2 Cr | Trimmed |
| Power Finance Corporation Limited | 1.37% | down 0.02 pts | ₹45 Cr | up ₹1.1 Cr | Added |
| RBL Bank Limited | 1.34% | down 0.08 pts | ₹44.1 Cr | down ₹1.1 Cr | Trimmed |
| Cash, TREPS & receivables | 1.15% | down 0.21 pts | ₹37.8 Cr | down ₹5.2 Cr | Trimmed |
| Karur Vysya Bank Limited | 1.13% | down 0.07 pts | ₹37.2 Cr | down ₹88 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.10% | up 1.10 pts | ₹36.3 Cr | up ₹36.3 Cr | New |
| Housing Development Finance Corporation Limited (Warrant) Other | 0.26% | down 0.05 pts | ₹8.5 Cr | down ₹1.3 Cr | Trimmed |
| Equitas Holdings Limited | 0.24% | up 0.03 pts | ₹7.9 Cr | up ₹1.4 Cr | Added |
What changed, Feb 2022 to Mar 2022
New New positions (1)
- ICICI Lombard General Insurance Company Limited1.1% · ₹36.3 Cr
Exited Exited (2)
- UTI Asset Management Company Limitedwas 0.8% · ₹25.1 Cr
- AU Small Finance Bank Limitedwas 0.4% · ₹12 Cr
Added Biggest additions
- State Bank of Indiaup ₹30.6 Cr (+0.62% pts)
- Housing Development Finance Corporation Limitedup ₹25.3 Cr (+0.63% 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 Feb 2022, the weight rose most in Finance (+0.7 pts) and Insurance (+0.1 pts), and fell most in Capital Markets (−0.8 pts).
- Finance21.9% → 22.5%+0.7 pts
- Insurance7.0% → 7.1%+0.1 pts
- Capital Markets5.1% → 4.3%−0.8 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 | Sep 2021 | Dec 2021 | Feb 2022 | Mar 2022 |
|---|---|---|---|---|
| Banks | 65.1% | 68.1% | 66.1% | 66.1% |
| Finance | 23.6% | 20.8% | 21.9% | 22.5% |
| Insurance | 5.6% | 5.8% | 7.0% | 7.1% |
| Capital Markets | 5.7% | 5.3% | 5.1% | 4.3% |
Allocation in Mar 2022change vs Feb 2022
- Banks (10)66.1%
- Finance (9)22.5%▲ 0.7 pts
- Insurance (3)7.1%▲ 0.1 pts
- Capital Markets (1)4.3%▼ 0.8 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, Mar 2022
1.1%
▼ 0.2 pts vs Feb 2022
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.1% – 3.6%
- lowest to highest · record 3.6% in May 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.