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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
₹3,982 Cr
up ₹199 Cr vs Mar 2023
- Stocks held
- 25
- down 1 vs Mar 2023
- Top 10 weight
- 67.9%
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In April 2023 it disclosed 25 stocks worth ₹3,982 Cr, up ₹199 Cr from Mar 2023. Its largest positions were HDFC Bank Limited (13.2%), ICICI Bank Limited (11.1%), Axis Bank Limited (9.6%); the ten largest together made up 67.9% of the portfolio, and Banks was the biggest sector at 64.2% of its equity. Cash and debt stood at 2.5%. Compared with Mar 2023 the fund entered 0 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
8%
Holds more stocks than 8% of peers
Cash
34%
Holds more cash than 34% of peers
What these mean: concentration · cash
Holdings in April 2023
Download CSVEvery line the fund disclosed, with the change against Mar 2023. 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 | 13.21% | up 0.59 pts | ₹526 Cr | up ₹48.5 Cr | Added |
| ICICI Bank Limited | 11.10% | down 0.30 pts | ₹442 Cr | up ₹10.7 Cr | Added |
| Axis Bank Limited | 9.59% | down 0.03 pts | ₹382 Cr | up ₹17.8 Cr | Added |
| State Bank of India | 9.17% | up 0.43 pts | ₹365 Cr | up ₹34.4 Cr | Added |
| Housing Development Finance Corporation Limited | 6.06% | up 0.03 pts | ₹241 Cr | up ₹13.1 Cr | Added |
| IndusInd Bank Limited | 4.57% | up 0.11 pts | ₹182 Cr | up ₹13.4 Cr | Added |
| SBI Cards and Payment Services Limited | 4.16% | up 0.10 pts | ₹165 Cr | up ₹12 Cr | Added |
| Equitas Small Finance Bank Limited | 3.68% | down 0.44 pts | ₹147 Cr | down ₹9.5 Cr | Trimmed |
| LIC Housing Finance Limited | 3.46% | down 0.02 pts | ₹138 Cr | up ₹6.2 Cr | Added |
| Bandhan Bank Limited | 2.94% | up 0.30 pts | ₹117 Cr | up ₹17.1 Cr | Added |
| The Federal Bank Limited | 2.91% | up 0.05 pts | ₹116 Cr | up ₹7.7 Cr | Added |
| SBI Life Insurance Company Limited | 2.91% | down 0.05 pts | ₹116 Cr | up ₹4 Cr | Added |
| Max Financial Services Limited | 2.59% | down 0.12 pts | ₹103 Cr | up ₹77 L | Added |
| Cash, TREPS & receivables | 2.52% | down 0.03 pts | ₹100 Cr | up ₹3.7 Cr | Added |
| Angel One Limited | 2.29% | up 0.01 pts | ₹91.2 Cr | up ₹5 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.18% | up 0.12 pts | ₹86.7 Cr | up ₹8.9 Cr | Added |
| HDFC Life Insurance Company Limited | 2.14% | up 0.02 pts | ₹85.3 Cr | up ₹4.9 Cr | Added |
| UTI Asset Management Company Limited | 2.11% | down 0.06 pts | ₹84.1 Cr | up ₹2.1 Cr | Added |
| Bank of Baroda | 1.90% | down 0.21 pts | ₹75.6 Cr | down ₹4.2 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.84% | down 0.16 pts | ₹73.4 Cr | down ₹2.4 Cr | Trimmed |
| Power Finance Corporation Limited | 1.75% | down 0.10 pts | ₹69.6 Cr | down ₹15 L | Held |
| Canara Bank | 1.75% | up 0.10 pts | ₹69.6 Cr | up ₹7.2 Cr | Added |
| RBL Bank Limited | 1.38% | up 0.11 pts | ₹54.8 Cr | up ₹7 Cr | Added |
| Bajaj Finance Limited | 1.18% | up 0.07 pts | ₹47.1 Cr | up ₹5 Cr | Added |
| KFin Technologies Limited | 1.08% | up 0.07 pts | ₹42.9 Cr | up ₹4.6 Cr | Added |
| Sundaram Finance Limited | 0.87% | up 0.13 pts | ₹34.5 Cr | up ₹6.6 Cr | Added |
| Housing Development Finance Corporation Limited (Warrant) Other | 0.67% | up 0.04 pts | ₹26.7 Cr | up ₹2.9 Cr | Added |
What changed, Mar 2023 to Apr 2023
New New positions (0)
None.
Exited Exited (1)
- Muthoot Finance Limitedwas 0.8% · ₹28.6 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹48.5 Cr (+0.59% pts)
- State Bank of Indiaup ₹34.4 Cr (+0.43% pts)
- Axis Bank Limitedup ₹17.8 Cr (−0.03% pts)
- Bandhan Bank Limitedup ₹17.1 Cr (+0.30% 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 Mar 2023, the weight rose most in Banks (+0.7 pts), and fell most in Finance (−0.6 pts) and Insurance (−0.2 pts).
- Banks63.5% → 64.2%+0.7 pts
- Finance22.8% → 22.2%−0.6 pts
- Insurance8.0% → 7.9%−0.2 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 | Apr 2022 | Oct 2022 | Jan 2023 | Mar 2023 | Apr 2023 |
|---|---|---|---|---|---|
| Banks | 64.1% | 62.2% | 61.2% | 63.5% | 64.2% |
| Finance | 24.8% | 24.7% | 22.3% | 22.8% | 22.2% |
| Insurance | 7.1% | 7.5% | 9.4% | 8.0% | 7.9% |
| Capital Markets | 4.0% | 5.7% | 6.1% | 5.6% | 5.7% |
Allocation in Apr 2023change vs Mar 2023
- Banks (11)64.2%▲ 0.7 pts
- Finance (8)22.2%▼ 0.6 pts
- Insurance (3)7.9%▼ 0.2 pts
- Capital Markets (3)5.7%
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, Apr 2023
2.5%
unchanged vs Mar 2023
- Cash alone
- 2.5%
- cash and net receivables
- A year earlier
- 2.3%
- Apr 2022 · now ▲ 0.2 pts
- Last 12 months
- 2.2% – 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.