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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
₹5,463 Cr
down ₹79 Cr vs Apr 2024
- Stocks held
- 26
- unchanged
- 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 May 2024 it disclosed 26 stocks worth ₹5,463 Cr, down ₹79 Cr from Apr 2024. Its largest positions were HDFC Bank Limited (18.7%), ICICI Bank Limited (16.2%), Axis Bank Limited (9.4%); the ten largest together made up 72.0% of the portfolio, and Banks was the biggest sector at 67.8% of its equity. Cash and debt stood at 1.5%. Compared with Apr 2024 the fund entered 0 new stocks and exited 0.
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
21%
Holds more cash than 21% of peers
What these mean: concentration · cash
Holdings in May 2024
Download CSVEvery line the fund disclosed, with the change against Apr 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 | 18.69% | up 0.40 pts | ₹1,021 Cr | up ₹7.6 Cr | Added |
| ICICI Bank Limited | 16.24% | down 0.19 pts | ₹887 Cr | down ₹23.2 Cr | Trimmed |
| Axis Bank Limited | 9.45% | up 0.10 pts | ₹516 Cr | down ₹1.7 Cr | Held |
| State Bank of India | 5.86% | down 0.34 pts | ₹320 Cr | down ₹23.2 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 5.08% | up 0.83 pts | ₹277 Cr | up ₹41.8 Cr | Added |
| The Federal Bank Limited | 4.18% | up 0.05 pts | ₹228 Cr | down ₹78 L | Held |
| SBI Life Insurance Company Limited | 3.60% | down 0.08 pts | ₹196 Cr | down ₹7.1 Cr | Trimmed |
| IndusInd Bank Limited | 3.29% | down 0.07 pts | ₹180 Cr | down ₹6.6 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.94% | down 0.11 pts | ₹161 Cr | down ₹8.4 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 2.69% | down 0.10 pts | ₹147 Cr | down ₹7.4 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 2.28% | down 0.08 pts | ₹125 Cr | down ₹6 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.27% | up 0.05 pts | ₹124 Cr | up ₹88 L | Added |
| Max Financial Services Limited | 2.20% | down 0.19 pts | ₹120 Cr | down ₹12.2 Cr | Trimmed |
| Power Finance Corporation Limited | 2.14% | down 0.15 pts | ₹117 Cr | down ₹10 Cr | Trimmed |
| Bajaj Finance Limited | 2.10% | down 0.04 pts | ₹114 Cr | down ₹3.9 Cr | Trimmed |
| LIC Housing Finance Limited | 2.01% | down 0.34 pts | ₹110 Cr | down ₹20.6 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.91% | up 0.38 pts | ₹104 Cr | up ₹19.4 Cr | Added |
| UTI Asset Management Company Limited | 1.90% | down 0.06 pts | ₹104 Cr | down ₹4.8 Cr | Trimmed |
| Bajaj Finserv Limited | 1.88% | down 0.08 pts | ₹103 Cr | down ₹5.8 Cr | Trimmed |
| Canara Bank | 1.76% | down 0.07 pts | ₹96.3 Cr | down ₹5.2 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.56% | down 0.10 pts | ₹85.4 Cr | down ₹7 Cr | Trimmed |
| Cash, TREPS & receivables | 1.47% | up 0.64 pts | ₹80.2 Cr | up ₹34.2 Cr | Added |
| KFin Technologies Limited | 1.18% | down 0.17 pts | ₹64.2 Cr | down ₹10.1 Cr | Trimmed |
| Angel One Limited | 1.08% | down 0.12 pts | ₹59 Cr | down ₹7.6 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.01% | down 0.12 pts | ₹55.3 Cr | down ₹7.3 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.80% | down 0.05 pts | ₹43.6 Cr | down ₹3.3 Cr | Trimmed |
| One 97 Communications Limited | 0.43% | down 0.01 pts | ₹23.7 Cr | down ₹77 L | Trimmed |
What changed, Apr 2024 to May 2024
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹41.8 Cr (+0.83% pts)
- CreditAccess Grameen Limitedup ₹19.4 Cr (+0.38% pts)
- HDFC Bank Limitedup ₹7.6 Cr (+0.40% pts)
- Cholamandalam Financial Holdings Limitedup ₹88 L (+0.05% pts)
Trimmed Biggest reductions
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 Apr 2024, the weight rose most in Banks (+1.1 pts), and fell most in Capital Markets (−0.4 pts) and Insurance (−0.4 pts).
- Banks66.7% → 67.8%+1.1 pts
- Capital Markets5.7% → 5.2%−0.4 pts
- Insurance10.6% → 10.2%−0.4 pts
- Finance16.5% → 16.3%−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 | May 2021 | May 2023 | Nov 2023 | Feb 2024 | Apr 2024 | May 2024 |
|---|---|---|---|---|---|---|
| Banks | 68.3% | 61.3% | 65.8% | 67.1% | 66.7% | 67.8% |
| Finance | 20.8% | 23.6% | 18.6% | 16.3% | 16.5% | 16.3% |
| Insurance | 5.3% | 9.2% | 9.9% | 11.5% | 10.6% | 10.2% |
| Capital Markets | 5.5% | 5.9% | 5.7% | 4.7% | 5.7% | 5.2% |
| Financial Technology (fintech) | — | — | — | 0.5% | 0.4% | 0.4% |
Allocation in May 2024change vs Apr 2024
- Banks (9)67.8%▲ 1.1 pts
- Finance (8)16.3%▼ 0.2 pts
- Insurance (4)10.2%▼ 0.4 pts
- Capital Markets (4)5.2%▼ 0.4 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, May 2024
1.5%
▲ 0.6 pts vs Apr 2024
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- 3.9%
- May 2023 · now ▼ 2.5 pts
- Last 12 months
- 0.8% – 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.