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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
₹3,821 Cr
up ₹201 Cr vs Sep 2022
- Stocks held
- 28
- up 2 vs Sep 2022
- Top 10 weight
- 64.7%
- 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 October 2022 it disclosed 28 stocks worth ₹3,821 Cr, up ₹201 Cr from Sep 2022. Its largest positions were HDFC Bank Limited (10.9%), ICICI Bank Limited (10.7%), Axis Bank Limited (9.1%); the ten largest together made up 64.7% of the portfolio, and Banks was the biggest sector at 62.2% of its equity. Cash and debt stood at 3.4%. Compared with Sep 2022 the fund entered 2 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
50%
Holds more cash than 50% of peers
What these mean: concentration · cash
Holdings in October 2022
Download CSVEvery line the fund disclosed, with the change against Sep 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 | 10.86% | down 0.02 pts | ₹415 Cr | up ₹20.9 Cr | Added |
| ICICI Bank Limited | 10.65% | down 0.26 pts | ₹407 Cr | up ₹11.8 Cr | Added |
| Axis Bank Limited | 9.14% | up 0.73 pts | ₹349 Cr | up ₹44.6 Cr | Added |
| State Bank of India | 8.50% | up <0.01 pts | ₹325 Cr | up ₹17.2 Cr | Added |
| Housing Development Finance Corporation Limited | 6.92% | up 0.15 pts | ₹264 Cr | up ₹19.5 Cr | Added |
| IndusInd Bank Limited | 3.97% | down 0.38 pts | ₹152 Cr | down ₹5.7 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 3.94% | down 0.15 pts | ₹151 Cr | up ₹2.4 Cr | Added |
| LIC Housing Finance Limited | 3.71% | down 0.29 pts | ₹142 Cr | down ₹3 Cr | Trimmed |
| The Federal Bank Limited | 3.64% | down 0.65 pts | ₹139 Cr | down ₹16.2 Cr | Trimmed |
| Cash, TREPS & receivables | 3.42% | down 0.38 pts | ₹131 Cr | down ₹7 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 3.36% | down 0.18 pts | ₹129 Cr | up ₹26 L | Held |
| Angel One Limited | 3.11% | up 0.32 pts | ₹119 Cr | up ₹17.8 Cr | Added |
| Bank of Baroda | 2.91% | down 0.03 pts | ₹111 Cr | up ₹4.9 Cr | Added |
| SBI Life Insurance Company Limited | 2.65% | down 0.11 pts | ₹101 Cr | up ₹1.2 Cr | Added |
| Bandhan Bank Limited | 2.56% | down 0.46 pts | ₹98 Cr | down ₹11.5 Cr | Trimmed |
| Max Financial Services Limited | 2.39% | up 0.10 pts | ₹91.2 Cr | up ₹8.2 Cr | Added |
| Karur Vysya Bank Limited | 2.38% | up 0.41 pts | ₹90.9 Cr | up ₹19.7 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.35% | down 0.23 pts | ₹89.8 Cr | down ₹3.6 Cr | Trimmed |
| UTI Asset Management Company Limited | 2.34% | up 0.34 pts | ₹89.6 Cr | up ₹16.9 Cr | Added |
| CreditAccess Grameen Limited | 2.25% | up 0.15 pts | ₹85.8 Cr | up ₹9.9 Cr | Added |
| HDFC Life Insurance Company Limited | 2.15% | down 0.08 pts | ₹82.1 Cr | up ₹1.5 Cr | Added |
| RBL Bank Limited | 1.38% | up 0.47 pts | ₹52.6 Cr | up ₹19.7 Cr | Added |
| Poonawalla Fincorp Limited | 1.33% | down 0.04 pts | ₹50.7 Cr | up ₹1.4 Cr | Added |
| Muthoot Finance Limited | 1.03% | down 0.25 pts | ₹39.2 Cr | down ₹6.9 Cr | Trimmed |
| Power Finance Corporation Limited | 0.99% | up 0.99 pts | ₹37.8 Cr | up ₹37.8 Cr | New |
| Sundaram Finance Limited | 0.70% | up 0.04 pts | ₹26.6 Cr | up ₹2.8 Cr | Added |
| Equitas Holdings Limited | 0.54% | down 0.02 pts | ₹20.6 Cr | up ₹36 L | Added |
| Canara Bank | 0.37% | up 0.37 pts | ₹14.3 Cr | up ₹14.3 Cr | New |
| Housing Development Finance Corporation Limited (Warrant) Other | 0.36% | down 0.04 pts | ₹13.9 Cr | down ₹58 L | Trimmed |
| Kotak Mahindra Bank Limited | 0.11% | down 0.51 pts | ₹4.2 Cr | down ₹18.2 Cr | Trimmed |
What changed, Sep 2022 to Oct 2022
New New positions (2)
- Power Finance Corporation Limited1.0% · ₹37.8 Cr
- Canara Bank0.4% · ₹14.3 Cr
Exited Exited (0)
None.
Added Biggest additions
- Axis Bank Limitedup ₹44.6 Cr (+0.73% pts)
- HDFC Bank Limitedup ₹20.9 Cr (−0.02% pts)
- RBL Bank Limitedup ₹19.7 Cr (+0.47% pts)
- Karur Vysya Bank Limited
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 2022, the weight rose most in Capital Markets (+0.7 pts) and Finance (+0.3 pts), and fell most in Banks (−0.8 pts) and Insurance (−0.1 pts).
- Capital Markets5.0% → 5.7%+0.7 pts
- Finance24.4% → 24.7%+0.3 pts
- Banks63.0% → 62.2%−0.8 pts
- Insurance7.6% → 7.5%−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 | Oct 2021 | Apr 2022 | Jul 2022 | Sep 2022 | Oct 2022 |
|---|---|---|---|---|---|
| Banks | 66.9% | 64.1% | 66.8% | 63.0% | 62.2% |
| Finance | 22.9% | 24.8% | 24.1% | 24.4% | 24.7% |
| Insurance | 5.6% | 7.1% | 6.4% | 7.6% | 7.5% |
| Capital Markets | 4.5% | 4.0% | 2.8% | 5.0% | 5.7% |
Allocation in Oct 2022change vs Sep 2022
- Banks (13)62.2%▼ 0.8 pts
- Finance (10)24.7%▲ 0.3 pts
- Insurance (3)7.5%▼ 0.1 pts
- Capital Markets (2)5.7%▲ 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, Oct 2022
3.4%
▼ 0.4 pts vs Sep 2022
- Cash alone
- 3.4%
- cash and net receivables
- A year earlier
- 2.1%
- Oct 2021 · now ▲ 1.3 pts
- Last 12 months
- 1.1% – 3.8%
- lowest to highest · record 3.8% in Sep 2022
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.