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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
₹4,487 Cr
down ₹39.7 Cr vs Jul 2023
- Stocks held
- 23
- unchanged
- Top 10 weight
- 70.5%
- 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 August 2023 it disclosed 23 stocks worth ₹4,487 Cr, down ₹39.7 Cr from Jul 2023. Its largest positions were HDFC Bank Limited (16.6%), ICICI Bank Limited (12.9%), Axis Bank Limited (9.6%); the ten largest together made up 70.5% of the portfolio, and Banks was the biggest sector at 69.6% of its equity. Cash and debt stood at 3.6%. Compared with Jul 2023 the fund entered 0 new stocks and exited 0.
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
52%
Holds more cash than 52% of peers
What these mean: concentration · cash
Holdings in August 2023
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 16.63% | up 2.03 pts | ₹746 Cr | up ₹85.1 Cr | Added |
| ICICI Bank Limited | 12.85% | down 0.41 pts | ₹577 Cr | down ₹23.8 Cr | Trimmed |
| Axis Bank Limited | 9.63% | up 0.28 pts | ₹432 Cr | up ₹8.7 Cr | Added |
| State Bank of India | 7.90% | down 0.75 pts | ₹354 Cr | down ₹37.1 Cr | Trimmed |
| IndusInd Bank Limited | 4.85% | down 0.10 pts | ₹218 Cr | down ₹6.2 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 4.22% | up 0.03 pts | ₹190 Cr | down ₹45 L | Held |
| SBI Life Insurance Company Limited | 4.17% | up 0.61 pts | ₹187 Cr | up ₹25.9 Cr | Added |
| The Federal Bank Limited | 3.72% | up 0.25 pts | ₹167 Cr | up ₹9.6 Cr | Added |
| Cash, TREPS & receivables | 3.60% | down 1.43 pts | ₹162 Cr | down ₹66.3 Cr | Trimmed |
| Max Financial Services Limited | 3.35% | up 0.45 pts | ₹150 Cr | up ₹19.2 Cr | Added |
| Equitas Small Finance Bank Limited | 3.17% | down 0.12 pts | ₹142 Cr | down ₹6.7 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 3.13% | up 0.06 pts | ₹141 Cr | up ₹1.3 Cr | Added |
| LIC Housing Finance Limited | 2.85% | down 0.14 pts | ₹128 Cr | down ₹7.6 Cr | Trimmed |
| Bandhan Bank Limited | 2.61% | up 0.09 pts | ₹117 Cr | up ₹3.2 Cr | Added |
| Angel One Limited | 2.42% | down 0.10 pts | ₹109 Cr | down ₹5.6 Cr | Trimmed |
| CreditAccess Grameen Limited | 2.39% | down 0.06 pts | ₹107 Cr | down ₹3.5 Cr | Trimmed |
| UTI Asset Management Company Limited | 2.14% | down 0.13 pts | ₹96.2 Cr | down ₹6.9 Cr | Trimmed |
| Power Finance Corporation Limited | 2.09% | up 0.01 pts | ₹93.6 Cr | down ₹43 L | Held |
| Kotak Mahindra Bank Limited | 1.72% | up 0.74 pts | ₹77.4 Cr | up ₹32.8 Cr | Added |
| Bank of Baroda | 1.57% | down 0.11 pts | ₹70.7 Cr | down ₹5.7 Cr | Trimmed |
| Canara Bank | 1.57% | down 0.10 pts | ₹70.2 Cr | down ₹5.3 Cr | Trimmed |
| KFin Technologies Limited | 1.36% | up 0.20 pts | ₹61.2 Cr | up ₹8.5 Cr | Added |
| Sundaram Finance Limited | 1.14% | down 0.01 pts | ₹51 Cr | down ₹1 Cr | Trimmed |
| RBL Bank Limited | 0.89% | down 0.68 pts | ₹39.9 Cr | down ₹31.2 Cr | Trimmed |
What changed, Jul 2023 to Aug 2023
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- HDFC Bank Limitedup ₹85.1 Cr (+2.03% pts)
- Kotak Mahindra Bank Limitedup ₹32.8 Cr (+0.74% pts)
- SBI Life Insurance Company Limitedup ₹25.9 Cr (+0.61% pts)
- Max Financial Services Limitedup ₹19.2 Cr (+0.45% pts)
- The Federal Bank Limited ₹9.6 Cr (+0.25% 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 Jul 2023, the weight rose most in Insurance (+1.0 pts), and fell most in Finance (−0.5 pts) and Banks (−0.3 pts).
- Insurance6.9% → 7.8%+1.0 pts
- Finance16.9% → 16.4%−0.5 pts
- Banks69.9% → 69.6%−0.3 pts
- Capital Markets6.3% → 6.2%−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 | Aug 2022 | Feb 2023 | May 2023 | Jul 2023 | Aug 2023 |
|---|---|---|---|---|---|
| Banks | 68.2% | 63.1% | 61.3% | 69.9% | 69.6% |
| Finance | 22.3% | 22.0% | 23.6% | 16.9% | 16.4% |
| Insurance | 6.0% | 8.2% | 9.2% | 6.9% | 7.8% |
| Capital Markets | 3.5% | 5.4% | 5.9% | 6.3% | 6.2% |
Allocation in Aug 2023change vs Jul 2023
- Banks (12)69.6%▼ 0.3 pts
- Finance (6)16.4%▼ 0.5 pts
- Insurance (2)7.8%▲ 1.0 pts
- Capital Markets (3)6.2%▼ 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, Aug 2023
3.6%
▼ 1.4 pts vs Jul 2023
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- 3.6%
- Aug 2022
- 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.