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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
₹5,225 Cr
up ₹48.6 Cr vs Jan 2024
- Stocks held
- 28
- down 2 vs Jan 2024
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In February 2024 it disclosed 28 stocks worth ₹5,225 Cr, up ₹48.6 Cr from Jan 2024. Its largest positions were HDFC Bank Limited (17.5%), ICICI Bank Limited (14.5%), Axis Bank Limited (9.1%); the ten largest together made up 69.8% of the portfolio, and Banks was the biggest sector at 67.1% of its equity. Cash and debt stood at 2.7%. Compared with Jan 2024 the fund entered 0 new stocks and exited 2.
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
37%
Holds more cash than 37% of peers
What these mean: concentration · cash
Holdings in February 2024
Download CSVEvery line the fund disclosed, with the change against Jan 2024. 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 | 17.50% | up 2.41 pts | ₹914 Cr | up ₹133 Cr | Added |
| ICICI Bank Limited | 14.53% | up 0.99 pts | ₹759 Cr | up ₹58.5 Cr | Added |
| Axis Bank Limited | 9.14% | down 0.02 pts | ₹477 Cr | up ₹3.3 Cr | Added |
| State Bank of India | 8.46% | up 0.28 pts | ₹442 Cr | up ₹18.8 Cr | Added |
| SBI Life Insurance Company Limited | 4.21% | up 0.29 pts | ₹220 Cr | up ₹17 Cr | Added |
| The Federal Bank Limited | 3.63% | up 0.33 pts | ₹189 Cr | up ₹18.6 Cr | Added |
| IndusInd Bank Limited | 3.47% | down 0.17 pts | ₹181 Cr | down ₹7.3 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 3.20% | down 0.01 pts | ₹167 Cr | up ₹100 L | Added |
| Kotak Mahindra Bank Limited | 2.88% | up 0.44 pts | ₹150 Cr | up ₹24.4 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 2.75% | up 0.61 pts | ₹144 Cr | up ₹33.1 Cr | Added |
| Cash, TREPS & receivables | 2.65% | down 1.01 pts | ₹139 Cr | down ₹50.9 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 2.57% | down 0.13 pts | ₹134 Cr | down ₹5.5 Cr | Trimmed |
| Canara Bank | 2.50% | up 0.07 pts | ₹131 Cr | up ₹4.6 Cr | Added |
| Max Financial Services Limited | 2.43% | up 0.18 pts | ₹127 Cr | up ₹10.4 Cr | Added |
| LIC Housing Finance Limited | 2.40% | down 1.15 pts | ₹125 Cr | down ₹58.2 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.31% | down 0.30 pts | ₹120 Cr | down ₹14.7 Cr | Trimmed |
| Power Finance Corporation Limited | 2.20% | down 0.26 pts | ₹115 Cr | down ₹12.2 Cr | Trimmed |
| UTI Asset Management Company Limited | 1.96% | down 0.09 pts | ₹102 Cr | down ₹3.7 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.77% | down 0.08 pts | ₹92.5 Cr | down ₹3.4 Cr | Trimmed |
| Bajaj Finserv Limited | 1.75% | down 0.05 pts | ₹91.2 Cr | down ₹1.9 Cr | Trimmed |
| KFin Technologies Limited | 1.30% | up 0.11 pts | ₹68 Cr | up ₹6.5 Cr | Added |
| Angel One Limited | 1.27% | down 0.24 pts | ₹66.6 Cr | down ₹12 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.26% | down 0.19 pts | ₹65.6 Cr | down ₹9.3 Cr | Trimmed |
| Sundaram Finance Limited | 1.01% | down 0.34 pts | ₹52.8 Cr | down ₹17.4 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.76% | down 0.08 pts | ₹39.9 Cr | down ₹3.9 Cr | Trimmed |
| Bajaj Finance Limited | 0.76% | down 0.05 pts | ₹39.6 Cr | down ₹2.2 Cr | Trimmed |
| Bank of Baroda | 0.65% | up 0.04 pts | ₹33.9 Cr | up ₹2.3 Cr | Added |
| One 97 Communications Limited | 0.51% | down 0.67 pts | ₹26.5 Cr | down ₹34.4 Cr | Trimmed |
| Indian Renewable Energy Development Agency Limited | 0.19% | down 0.22 pts | ₹10.1 Cr | down ₹11.2 Cr | Trimmed |
What changed, Jan 2024 to Feb 2024
New New positions (0)
None.
Exited Exited (2)
- Bandhan Bank Limitedwas 0.5% · ₹26.1 Cr
- Indian Bankwas 0.2% · ₹8.8 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹133 Cr (+2.41% pts)
- ICICI Bank Limitedup ₹58.5 Cr (+0.99% pts)
- ICICI Prudential Life Insurance Company Limitedup ₹33.1 Cr (+0.61% pts)
- Kotak Mahindra Bank 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 Jan 2024, the weight rose most in Banks (+3.0 pts) and Insurance (+0.9 pts), and fell most in Finance (−2.9 pts) and Financial Technology (fintech) (−0.7 pts).
- Banks64.1% → 67.1%+3.0 pts
- Insurance10.5% → 11.5%+0.9 pts
- Finance19.2% → 16.3%−2.9 pts
- Financial Technology (fintech)1.2% → 0.5%−0.7 pts
- Capital Markets4.9% → 4.7%−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 | Feb 2023 | Aug 2023 | Nov 2023 | Jan 2024 | Feb 2024 |
|---|---|---|---|---|---|
| Banks | 63.1% | 69.6% | 65.8% | 64.1% | 67.1% |
| Finance | 22.0% | 16.4% | 18.6% | 19.2% | 16.3% |
| Insurance | 8.2% | 7.8% | 9.9% | 10.5% | 11.5% |
| Capital Markets | 5.4% | 6.2% | 5.7% | 4.9% | 4.7% |
| Financial Technology (fintech) | 1.2% | — | — | 1.2% | 0.5% |
Allocation in Feb 2024change vs Jan 2024
- Banks (10)67.1%▲ 3.0 pts
- Finance (10)16.3%▼ 2.9 pts
- Insurance (4)11.5%▲ 0.9 pts
- Capital Markets (3)4.7%▼ 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, Feb 2024
2.7%
▼ 1.0 pts vs Jan 2024
- Cash alone
- 2.6%
- cash and net receivables
- A year earlier
- 2.9%
- Feb 2023 · now ▼ 0.2 pts
- Last 12 months
- 1.8% – 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.