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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
₹4,200 Cr
up ₹218 Cr vs Apr 2023
- Stocks held
- 26
- up 1 vs Apr 2023
- Top 10 weight
- 64.4%
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In May 2023 it disclosed 26 stocks worth ₹4,200 Cr, up ₹218 Cr from Apr 2023. Its largest positions were ICICI Bank Limited (11.3%), HDFC Bank Limited (9.7%), Axis Bank Limited (9.7%); the ten largest together made up 64.4% of the portfolio, and Banks was the biggest sector at 61.3% of its equity. Cash and debt stood at 3.9%. Compared with Apr 2023 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
10%
Holds more stocks than 10% of peers
Cash
58%
Holds more cash than 58% of peers
What these mean: concentration · cash
Holdings in May 2023
Download CSVEvery line the fund disclosed, with the change against Apr 2023. 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 | 11.33% | up 0.24 pts | ₹476 Cr | up ₹34.2 Cr | Added |
| HDFC Bank Limited | 9.75% | down 3.46 pts | ₹409 Cr | down ₹117 Cr | Trimmed |
| Axis Bank Limited | 9.67% | up 0.08 pts | ₹406 Cr | up ₹24.4 Cr | Added |
| State Bank of India | 8.30% | down 0.87 pts | ₹349 Cr | down ₹16.4 Cr | Trimmed |
| Housing Development Finance Corporation Limited | 5.47% | down 0.59 pts | ₹230 Cr | down ₹11.8 Cr | Trimmed |
| IndusInd Bank Limited | 4.83% | up 0.27 pts | ₹203 Cr | up ₹21.1 Cr | Added |
| SBI Cards and Payment Services Limited | 4.68% | up 0.52 pts | ₹197 Cr | up ₹31 Cr | Added |
| Cash, TREPS & receivables | 3.94% | up 1.41 pts | ₹165 Cr | up ₹64.9 Cr | Added |
| LIC Housing Finance Limited | 3.54% | up 0.09 pts | ₹149 Cr | up ₹11.1 Cr | Added |
| The Federal Bank Limited | 3.46% | up 0.54 pts | ₹145 Cr | up ₹29.2 Cr | Added |
| Equitas Small Finance Bank Limited | 3.41% | down 0.28 pts | ₹143 Cr | down ₹3.6 Cr | Trimmed |
| SBI Life Insurance Company Limited | 3.28% | up 0.37 pts | ₹138 Cr | up ₹22 Cr | Added |
| Bandhan Bank Limited | 3.26% | up 0.32 pts | ₹137 Cr | up ₹19.8 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.72% | up 0.54 pts | ₹114 Cr | up ₹27.5 Cr | Added |
| Max Financial Services Limited | 2.71% | up 0.12 pts | ₹114 Cr | up ₹10.8 Cr | Added |
| HDFC Life Insurance Company Limited | 2.51% | up 0.37 pts | ₹105 Cr | up ₹20.1 Cr | Added |
| Angel One Limited | 2.37% | up 0.08 pts | ₹99.7 Cr | up ₹8.6 Cr | Added |
| CreditAccess Grameen Limited | 2.24% | up 0.39 pts | ₹93.9 Cr | up ₹20.5 Cr | Added |
| UTI Asset Management Company Limited | 2.15% | up 0.04 pts | ₹90.5 Cr | up ₹6.4 Cr | Added |
| Power Finance Corporation Limited | 1.78% | up 0.03 pts | ₹74.7 Cr | up ₹5.1 Cr | Added |
| Bank of Baroda | 1.66% | down 0.24 pts | ₹69.9 Cr | down ₹5.7 Cr | Trimmed |
| Canara Bank | 1.62% | down 0.13 pts | ₹67.9 Cr | down ₹1.7 Cr | Trimmed |
| RBL Bank Limited | 1.31% | down 0.07 pts | ₹54.9 Cr | up ₹10 L | Held |
| Bajaj Finance Limited | 1.25% | up 0.07 pts | ₹52.4 Cr | up ₹5.3 Cr | Added |
| KFin Technologies Limited | 1.09% | up 0.02 pts | ₹45.9 Cr | up ₹3 Cr | Added |
| Sundaram Finance Limited | 0.89% | up 0.02 pts | ₹37.3 Cr | up ₹2.8 Cr | Added |
| Housing Development Finance Corporation Limited (Warrant) Other | 0.50% | down 0.17 pts | ₹20.9 Cr | down ₹5.9 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 0.28% | up 0.28 pts | ₹11.8 Cr | up ₹11.8 Cr | New |
What changed, Apr 2023 to May 2023
New New positions (1)
- ICICI Prudential Life Insurance Company Limited0.3% · ₹11.8 Cr
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹34.2 Cr (+0.24% pts)
- SBI Cards and Payment Services Limitedup ₹31 Cr (+0.52% pts)
- The Federal Bank Limitedup ₹29.2 Cr (+0.54% pts)
- Cholamandalam Financial Holdings Limited ₹27.5 Cr (+0.54% 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 Apr 2023, the weight rose most in Finance (+1.4 pts) and Insurance (+1.3 pts), and fell most in Banks (−2.9 pts).
- Finance22.2% → 23.6%+1.4 pts
- Insurance7.9% → 9.2%+1.3 pts
- Capital Markets5.7% → 5.9%+0.2 pts
- Banks64.2% → 61.3%−2.9 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 | May 2022 | Nov 2022 | Feb 2023 | Apr 2023 | May 2023 |
|---|---|---|---|---|---|
| Banks | 64.9% | 62.0% | 63.1% | 64.2% | 61.3% |
| Finance | 25.3% | 23.3% | 22.0% | 22.2% | 23.6% |
| Insurance | 6.8% | 7.9% | 8.2% | 7.9% | 9.2% |
| Capital Markets | 3.0% | 5.7% | 5.4% | 5.7% | 5.9% |
Allocation in May 2023change vs Apr 2023
- Banks (11)61.3%▼ 2.9 pts
- Finance (8)23.6%▲ 1.4 pts
- Insurance (4)9.2%▲ 1.3 pts
- Capital Markets (3)5.9%▲ 0.2 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, May 2023
3.9%
▲ 1.4 pts vs Apr 2023
- Cash alone
- 3.9%
- cash and net receivables
- A year earlier
- 2.6%
- May 2022 · now ▲ 1.3 pts
- Last 12 months
- 2.2% – 3.9%
- lowest to highest · record 3.9% in May 2023
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.