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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
₹4,527 Cr
up ₹128 Cr vs Jun 2023
- Stocks held
- 23
- down 4 vs Jun 2023
- Top 10 weight
- 68.4%
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In July 2023 it disclosed 23 stocks worth ₹4,527 Cr, up ₹128 Cr from Jun 2023. Its largest positions were HDFC Bank Limited (14.6%), ICICI Bank Limited (13.3%), Axis Bank Limited (9.4%); the ten largest together made up 68.4% of the portfolio, and Banks was the biggest sector at 69.9% of its equity. Cash and debt stood at 5.0%. Compared with Jun 2023 the fund entered 1 new stock and exited 5.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
71%
Holds more cash than 71% of peers
What these mean: concentration · cash
Holdings in July 2023
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 14.60% | up 4.77 pts | ₹661 Cr | up ₹229 Cr | Added |
| ICICI Bank Limited | 13.27% | up 0.91 pts | ₹601 Cr | up ₹57 Cr | Added |
| Axis Bank Limited | 9.36% | down 0.61 pts | ₹424 Cr | down ₹14.9 Cr | Trimmed |
| State Bank of India | 8.65% | up 0.82 pts | ₹391 Cr | up ₹47.1 Cr | Added |
| Cash, TREPS & receivables | 5.03% | up 1.15 pts | ₹228 Cr | up ₹57 Cr | Added |
| IndusInd Bank Limited | 4.94% | up 0.01 pts | ₹224 Cr | up ₹6.8 Cr | Added |
| SBI Cards and Payment Services Limited | 4.20% | up 0.07 pts | ₹190 Cr | up ₹8.4 Cr | Added |
| SBI Life Insurance Company Limited | 3.57% | up 0.25 pts | ₹161 Cr | up ₹15.5 Cr | Added |
| The Federal Bank Limited | 3.48% | up 0.15 pts | ₹157 Cr | up ₹11 Cr | Added |
| Equitas Small Finance Bank Limited | 3.29% | up 0.06 pts | ₹149 Cr | up ₹7 Cr | Added |
| Cholamandalam Financial Holdings Limited | 3.08% | up 0.16 pts | ₹139 Cr | up ₹10.9 Cr | Added |
| LIC Housing Finance Limited | 3.00% | down 0.57 pts | ₹136 Cr | down ₹21.2 Cr | Trimmed |
| Max Financial Services Limited | 2.90% | down 0.07 pts | ₹131 Cr | up ₹63 L | Held |
| Angel One Limited | 2.52% | down 0.37 pts | ₹114 Cr | down ₹13.2 Cr | Trimmed |
| Bandhan Bank Limited | 2.52% | down 0.29 pts | ₹114 Cr | down ₹9.5 Cr | Trimmed |
| CreditAccess Grameen Limited | 2.45% | up 0.29 pts | ₹111 Cr | up ₹15.9 Cr | Added |
| UTI Asset Management Company Limited | 2.28% | down 0.02 pts | ₹103 Cr | up ₹2.2 Cr | Added |
| Power Finance Corporation Limited | 2.08% | up 0.07 pts | ₹94 Cr | up ₹5.6 Cr | Added |
| Bank of Baroda | 1.69% | up 0.05 pts | ₹76.4 Cr | up ₹4.5 Cr | Added |
| Canara Bank | 1.67% | up 0.16 pts | ₹75.5 Cr | up ₹9.3 Cr | Added |
| RBL Bank Limited | 1.57% | up 0.17 pts | ₹71.1 Cr | up ₹9.4 Cr | Added |
| KFin Technologies Limited | 1.16% | up 0.01 pts | ₹52.7 Cr | up ₹2.1 Cr | Added |
| Sundaram Finance Limited | 1.15% | down 0.02 pts | ₹52 Cr | up ₹74 L | Added |
| Kotak Mahindra Bank Limited | 0.98% | up 0.98 pts | ₹44.6 Cr | up ₹44.6 Cr | New |
| HDFC Bank Limited (Warrant) Other | 0.58% | up 0.58 pts | ₹26.2 Cr | up ₹26.2 Cr | New |
What changed, Jun 2023 to Jul 2023
New New positions (1)
- Kotak Mahindra Bank Limited1.0% · ₹44.6 Cr
Exited Exited (5)
- Housing Development Finance Corporation Limitedwas 5.6% · ₹246 Cr
- HDFC Life Insurance Company Limitedwas 0.9% · ₹38.5 Cr
- Bajaj Finance Limitedwas 0.8% · ₹35.8 Cr
- Shriram Transport Finance Company Limitedwas 0.5% · ₹20.8 Cr
- ICICI Prudential Life Insurance Company Limitedwas 0.3% · ₹14.5 Cr
Added Biggest additions
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 Jun 2023, the weight rose most in Banks (+8.3 pts), and fell most in Finance (−7.0 pts) and Insurance (−1.0 pts).
- Banks61.6% → 69.9%+8.3 pts
- Finance23.9% → 16.9%−7.0 pts
- Insurance7.8% → 6.9%−1.0 pts
- Capital Markets6.6% → 6.3%−0.3 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 | Jul 2022 | Jan 2023 | Apr 2023 | Jun 2023 | Jul 2023 |
|---|---|---|---|---|---|
| Banks | 66.8% | 61.2% | 64.2% | 61.6% | 69.9% |
| Finance | 24.1% | 22.3% | 22.2% | 23.9% | 16.9% |
| Insurance | 6.4% | 9.4% | 7.9% | 7.8% | 6.9% |
| Capital Markets | 2.8% | 6.1% | 5.7% | 6.6% | 6.3% |
Allocation in Jul 2023change vs Jun 2023
- Banks (12)69.9%▲ 8.3 pts
- Finance (6)16.9%▼ 7.0 pts
- Insurance (2)6.9%▼ 1.0 pts
- Capital Markets (3)6.3%▼ 0.3 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, Jul 2023
5.0%
▲ 1.1 pts vs Jun 2023
- Cash alone
- 5.0%
- cash and net receivables
- A year earlier
- 2.2%
- Jul 2022 · now ▲ 2.8 pts
- Last 12 months
- 2.3% – 5.0%
- lowest to highest · record 5.0% in Jul 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.