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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
₹4,846 Cr
up ₹258 Cr vs Oct 2023
- Stocks held
- 28
- up 3 vs Oct 2023
- Top 10 weight
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In November 2023 it disclosed 28 stocks worth ₹4,846 Cr, up ₹258 Cr from Oct 2023. Its largest positions were HDFC Bank Limited (17.2%), ICICI Bank Limited (12.4%), Axis Bank Limited (9.8%); the ten largest together made up 68.4% of the portfolio, and Banks was the biggest sector at 65.8% of its equity. Cash and debt stood at 2.2%. Compared with Oct 2023 the fund entered 3 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
30%
Holds more cash than 30% of peers
What these mean: concentration · cash
Holdings in November 2023
Download CSVEvery line the fund disclosed, with the change against Oct 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 | 17.18% | up 0.63 pts | ₹832 Cr | up ₹73.5 Cr | Added |
| ICICI Bank Limited | 12.38% | down 0.42 pts | ₹600 Cr | up ₹12.6 Cr | Added |
| Axis Bank Limited | 9.84% | up 0.34 pts | ₹477 Cr | up ₹41 Cr | Added |
| State Bank of India | 7.71% | down 0.45 pts | ₹373 Cr | down ₹53 L | Held |
| SBI Life Insurance Company Limited | 4.29% | down 0.03 pts | ₹208 Cr | up ₹9.8 Cr | Added |
| IndusInd Bank Limited | 3.72% | down 0.61 pts | ₹180 Cr | down ₹18.6 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 3.54% | down 0.23 pts | ₹172 Cr | down ₹1.6 Cr | Trimmed |
| The Federal Bank Limited | 3.53% | down 0.03 pts | ₹171 Cr | up ₹7.8 Cr | Added |
| Max Financial Services Limited | 3.18% | down 0.03 pts | ₹154 Cr | up ₹6.7 Cr | Added |
| LIC Housing Finance Limited | 3.07% | up 0.04 pts | ₹149 Cr | up ₹9.7 Cr | Added |
| Power Finance Corporation Limited | 2.68% | up 0.59 pts | ₹130 Cr | up ₹34.2 Cr | Added |
| Equitas Small Finance Bank Limited | 2.61% | down 0.11 pts | ₹127 Cr | up ₹1.5 Cr | Added |
| Kotak Mahindra Bank Limited | 2.50% | down 0.12 pts | ₹121 Cr | up ₹1.1 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.32% | down 0.52 pts | ₹112 Cr | down ₹17.9 Cr | Trimmed |
| Angel One Limited | 2.31% | down 0.08 pts | ₹112 Cr | up ₹2.3 Cr | Added |
| Cash, TREPS & receivables | 2.20% | up 0.04 pts | ₹107 Cr | up ₹7.3 Cr | Added |
| UTI Asset Management Company Limited | 2.19% | up 0.08 pts | ₹106 Cr | up ₹9.2 Cr | Added |
| Canara Bank | 2.17% | down 0.02 pts | ₹105 Cr | up ₹4.9 Cr | Added |
| CreditAccess Grameen Limited | 1.84% | down 0.80 pts | ₹89.2 Cr | down ₹31.7 Cr | Trimmed |
| Bandhan Bank Limited | 1.82% | down <0.01 pts | ₹88.4 Cr | up ₹4.7 Cr | Added |
| Bajaj Finserv Limited | 1.55% | up 0.36 pts | ₹75.3 Cr | up ₹20.4 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.45% | up 0.48 pts | ₹70 Cr | up ₹25.7 Cr | Added |
| Sundaram Finance Limited | 1.38% | up 0.02 pts | ₹67 Cr | up ₹4.6 Cr | Added |
| KFin Technologies Limited | 1.08% | down 0.26 pts | ₹52.5 Cr | down ₹9.3 Cr | Trimmed |
| Bank of Baroda | 0.93% | down 0.69 pts | ₹44.9 Cr | down ₹29.2 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.85% | up 0.85 pts | ₹41.2 Cr | up ₹41.2 Cr | New |
| Bajaj Finance Limited | 0.80% | up 0.80 pts | ₹38.8 Cr | up ₹38.8 Cr | New |
| ICICI Lombard General Insurance Company Limited | 0.73% | up 0.01 pts | ₹35.5 Cr | up ₹2.6 Cr | Added |
| Indian Renewable Energy Development Agency Limited | 0.16% | up 0.16 pts | ₹7.7 Cr | up ₹7.7 Cr | New |
What changed, Oct 2023 to Nov 2023
New New positions (3)
- Fedbank Financial Services Limited0.9% · ₹41.2 Cr
- Bajaj Finance Limited0.8% · ₹38.8 Cr
- Indian Renewable Energy Development Agency Limited0.2% · ₹7.7 Cr
Exited Exited (0)
None.
Added Biggest additions
- HDFC Bank Limitedup ₹73.5 Cr (+0.63% pts)
- Axis Bank Limitedup ₹41 Cr (+0.34% pts)
- Power Finance Corporation 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 Oct 2023, the weight rose most in Finance (+1.3 pts) and Insurance (+0.4 pts), and fell most in Banks (−1.5 pts) and Capital Markets (−0.3 pts).
- Finance17.3% → 18.6%+1.3 pts
- Insurance9.4% → 9.9%+0.4 pts
- Banks67.3% → 65.8%−1.5 pts
- Capital Markets6.0% → 5.7%−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 | Nov 2022 | May 2023 | Aug 2023 | Oct 2023 | Nov 2023 |
|---|---|---|---|---|---|
| Banks | 62.0% | 61.3% | 69.6% | 67.3% | 65.8% |
| Finance | 23.3% | 23.6% | 16.4% | 17.3% | 18.6% |
| Insurance | 7.9% | 9.2% | 7.8% | 9.4% | 9.9% |
| Capital Markets | 5.7% | 5.9% | 6.2% | 6.0% | 5.7% |
Allocation in Nov 2023change vs Oct 2023
- Banks (11)65.8%▼ 1.5 pts
- Finance (10)18.6%▲ 1.3 pts
- Insurance (4)9.9%▲ 0.4 pts
- Capital Markets (3)5.7%▼ 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, Nov 2023
2.2%
unchanged vs Oct 2023
- Cash alone
- 2.2%
- cash and net receivables
- A year earlier
- 3.2%
- Nov 2022 · now ▼ 1.0 pts
- Last 12 months
- 2.2% – 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.