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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
₹5,307 Cr
up ₹82.1 Cr vs Feb 2024
- Stocks held
- 26
- down 2 vs Feb 2024
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In March 2024 it disclosed 26 stocks worth ₹5,307 Cr, up ₹82.1 Cr from Feb 2024. Its largest positions were HDFC Bank Limited (17.8%), ICICI Bank Limited (15.9%), Axis Bank Limited (8.8%); the ten largest together made up 71.7% of the portfolio, and Banks was the biggest sector at 67.3% of its equity. Cash and debt stood at 2.3%. Compared with Feb 2024 the fund entered 0 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
10%
Holds more stocks than 10% of peers
Cash
31%
Holds more cash than 31% of peers
What these mean: concentration · cash
Holdings in March 2024
Download CSVEvery line the fund disclosed, with the change against Feb 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 | 17.77% | up 0.28 pts | ₹943 Cr | up ₹29 Cr | Added |
| ICICI Bank Limited | 15.89% | up 1.36 pts | ₹844 Cr | up ₹84.3 Cr | Added |
| Axis Bank Limited | 8.76% | down 0.37 pts | ₹465 Cr | down ₹12.4 Cr | Trimmed |
| State Bank of India | 6.88% | down 1.58 pts | ₹365 Cr | down ₹76.9 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 4.88% | up 2.00 pts | ₹259 Cr | up ₹109 Cr | Added |
| SBI Life Insurance Company Limited | 4.01% | down 0.20 pts | ₹213 Cr | down ₹7.4 Cr | Trimmed |
| The Federal Bank Limited | 3.85% | up 0.22 pts | ₹204 Cr | up ₹14.8 Cr | Added |
| IndusInd Bank Limited | 3.59% | up 0.13 pts | ₹191 Cr | up ₹9.6 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 3.09% | up 0.34 pts | ₹164 Cr | up ₹20.5 Cr | Added |
| SBI Cards and Payment Services Limited | 2.98% | down 0.21 pts | ₹158 Cr | down ₹8.6 Cr | Trimmed |
| Max Financial Services Limited | 2.48% | up 0.04 pts | ₹131 Cr | up ₹4.3 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.40% | up 0.09 pts | ₹127 Cr | up ₹6.8 Cr | Added |
| Equitas Small Finance Bank Limited | 2.35% | down 0.22 pts | ₹125 Cr | down ₹9.6 Cr | Trimmed |
| Cash, TREPS & receivables | 2.25% | down 0.40 pts | ₹119 Cr | down ₹19.3 Cr | Trimmed |
| LIC Housing Finance Limited | 2.22% | down 0.17 pts | ₹118 Cr | down ₹7.2 Cr | Trimmed |
| Power Finance Corporation Limited | 2.11% | down 0.09 pts | ₹112 Cr | down ₹3 Cr | Trimmed |
| Bajaj Finance Limited | 1.99% | up 1.23 pts | ₹106 Cr | up ₹66.2 Cr | Added |
| Canara Bank | 1.79% | down 0.71 pts | ₹94.8 Cr | down ₹35.7 Cr | Trimmed |
| Bajaj Finserv Limited | 1.77% | up 0.03 pts | ₹94.1 Cr | up ₹2.9 Cr | Added |
| UTI Asset Management Company Limited | 1.75% | down 0.21 pts | ₹92.8 Cr | down ₹9.6 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.71% | down 0.06 pts | ₹91 Cr | down ₹1.5 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.53% | up 0.27 pts | ₹81.2 Cr | up ₹15.6 Cr | Added |
| Angel One Limited | 1.37% | up 0.10 pts | ₹72.8 Cr | up ₹6.3 Cr | Added |
| KFin Technologies Limited | 1.15% | down 0.16 pts | ₹60.8 Cr | down ₹7.2 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.72% | down 0.05 pts | ₹38.1 Cr | down ₹1.8 Cr | Trimmed |
| One 97 Communications Limited | 0.50% | down 0.01 pts | ₹26.5 Cr | down ₹4 L | Held |
| Sundaram Finance Limited | 0.19% | down 0.82 pts | ₹10.2 Cr | down ₹42.5 Cr | Trimmed |
What changed, Feb 2024 to Mar 2024
New New positions (0)
None.
Exited Exited (2)
- Bank of Barodawas 0.6% · ₹33.9 Cr
- Indian Renewable Energy Development Agency Limitedwas 0.2% · ₹10.1 Cr
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹109 Cr (+2.00% pts)
- ICICI Bank Limitedup ₹84.3 Cr (+1.36% pts)
- Bajaj Finance Limitedup ₹66.2 Cr (+1.23% pts)
- HDFC 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 Feb 2024, the weight rose most in Banks (+0.2 pts), and fell most in Capital Markets (−0.3 pts).
- Banks67.1% → 67.3%+0.2 pts
- Capital Markets4.7% → 4.4%−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 | Mar 2023 | Sep 2023 | Dec 2023 | Feb 2024 | Mar 2024 |
|---|---|---|---|---|---|
| Banks | 63.5% | 69.9% | 66.4% | 67.1% | 67.3% |
| Finance | 22.8% | 16.1% | 17.8% | 16.3% | 16.3% |
| Insurance | 8.0% | 8.3% | 9.5% | 11.5% | 11.5% |
| Capital Markets | 5.6% | 5.8% | 5.3% | 4.7% | 4.4% |
| Financial Technology (fintech) | — | — | 1.0% | 0.5% | 0.5% |
Allocation in Mar 2024change vs Feb 2024
- Banks (9)67.3%▲ 0.2 pts
- Finance (9)16.3%
- Insurance (4)11.5%▲ 0.1 pts
- Capital Markets (3)4.4%▼ 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, Mar 2024
2.3%
▼ 0.4 pts vs Feb 2024
- Cash alone
- 2.3%
- cash and net receivables
- A year earlier
- 2.6%
- Mar 2023 · now ▼ 0.3 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.