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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
₹6,138 Cr
up ₹109 Cr vs Jul 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 August 2024 it disclosed 26 stocks worth ₹6,138 Cr, up ₹109 Cr from Jul 2024. Its largest positions were HDFC Bank Limited (20.6%), ICICI Bank Limited (15.9%), Axis Bank Limited (8.3%); the ten largest together made up 72.8% of the portfolio, and Banks was the biggest sector at 67.0% of its equity. Cash and debt stood at 1.8%. Compared with Jul 2024 the fund entered 2 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
27%
Holds more cash than 27% of peers
What these mean: concentration · cash
Holdings in August 2024
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 20.57% | up 0.97 pts | ₹1,263 Cr | up ₹80.9 Cr | Added |
| ICICI Bank Limited | 15.85% | down 0.10 pts | ₹973 Cr | up ₹11.3 Cr | Added |
| Axis Bank Limited | 8.31% | down 0.08 pts | ₹510 Cr | up ₹4 Cr | Added |
| IndusInd Bank Limited | 4.81% | up 0.84 pts | ₹296 Cr | up ₹55.9 Cr | Added |
| Kotak Mahindra Bank Limited | 4.79% | down 0.16 pts | ₹294 Cr | down ₹4.5 Cr | Trimmed |
| State Bank of India | 4.59% | down 0.41 pts | ₹282 Cr | down ₹19.6 Cr | Trimmed |
| SBI Life Insurance Company Limited | 4.27% | up 0.15 pts | ₹262 Cr | up ₹13.7 Cr | Added |
| The Federal Bank Limited | 3.79% | down 0.54 pts | ₹233 Cr | down ₹28.1 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.97% | up 0.17 pts | ₹182 Cr | up ₹13.6 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.86% | up 0.10 pts | ₹176 Cr | up ₹9.2 Cr | Added |
| Bajaj Finserv Limited | 2.65% | up 0.58 pts | ₹163 Cr | up ₹37.9 Cr | Added |
| Max Financial Services Limited | 2.30% | down 0.12 pts | ₹141 Cr | down ₹4.9 Cr | Trimmed |
| UTI Asset Management Company Limited | 2.13% | up 0.17 pts | ₹131 Cr | up ₹12.5 Cr | Added |
| Power Finance Corporation Limited | 2.12% | down 0.07 pts | ₹130 Cr | down ₹1.7 Cr | Trimmed |
| Bajaj Finance Limited | 2.01% | up 0.08 pts | ₹123 Cr | up ₹6.7 Cr | Added |
| HDFC Life Insurance Company Limited | 1.90% | up 1.90 pts | ₹116 Cr | up ₹116 Cr | New |
| Cash, TREPS & receivables | 1.81% | down 0.36 pts | ₹111 Cr | down ₹19.6 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 1.79% | down 0.02 pts | ₹110 Cr | up ₹73 L | Added |
| CreditAccess Grameen Limited | 1.57% | down 0.17 pts | ₹96.3 Cr | down ₹8.4 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.40% | up 0.06 pts | ₹85.7 Cr | up ₹5.4 Cr | Added |
| Canara Bank | 1.30% | down 0.06 pts | ₹79.9 Cr | down ₹2.3 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.29% | up 0.20 pts | ₹78.9 Cr | up ₹13.6 Cr | Added |
| KFin Technologies Limited | 1.22% | down 0.12 pts | ₹75 Cr | down ₹5.7 Cr | Trimmed |
| Angel One Limited | 1.02% | up 0.15 pts | ₹62.4 Cr | up ₹10.1 Cr | Added |
| Aavas Financiers Limited | 1.01% | up 1.01 pts | ₹61.9 Cr | up ₹61.9 Cr | New |
| One 97 Communications Limited | 0.97% | up 0.43 pts | ₹59.5 Cr | up ₹27 Cr | Added |
| Fedbank Financial Services Limited | 0.71% | down 0.05 pts | ₹43.9 Cr | down ₹2.2 Cr | Trimmed |
What changed, Jul 2024 to Aug 2024
New New positions (2)
- HDFC Life Insurance Company Limited1.9% · ₹116 Cr
- Aavas Financiers Limited1.0% · ₹61.9 Cr
Exited Exited (2)
- ICICI Prudential Life Insurance Company Limitedwas 3.0% · ₹184 Cr
- LIC Housing Finance Limitedwas 1.5% · ₹91.5 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹80.9 Cr (+0.97% pts)
- IndusInd Bank Limited ₹55.9 Cr (+0.84% 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 2024, the weight rose most in Financial Technology (fintech) (+0.4 pts) and Capital Markets (+0.4 pts), and fell most in Insurance (−1.1 pts).
- Financial Technology (fintech)0.6% → 1.0%+0.4 pts
- Capital Markets5.4% → 5.8%+0.4 pts
- Banks66.8% → 67.0%+0.2 pts
- Insurance11.2% → 10.0%−1.1 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 2021 | Aug 2023 | Feb 2024 | May 2024 | Jul 2024 | Aug 2024 |
|---|---|---|---|---|---|---|
| Banks | 66.3% | 69.6% | 67.1% | 67.8% | 66.8% | 67.0% |
| Finance | 22.5% | 16.4% | 16.3% | 16.3% | 16.1% | 16.2% |
| Insurance | 5.9% | 7.8% | 11.5% | 10.2% | 11.2% | 10.0% |
| Capital Markets | 5.3% | 6.2% | 4.7% | 5.2% | 5.4% | 5.8% |
| Financial Technology (fintech) | — | — | 0.5% | 0.4% | 0.6% | 1.0% |
Allocation in Aug 2024change vs Jul 2024
- Banks (9)67.0%▲ 0.2 pts
- Finance (8)16.2%▲ 0.1 pts
- Insurance (4)10.0%▼ 1.1 pts
- Capital Markets (4)5.8%▲ 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, Aug 2024
1.8%
▼ 0.4 pts vs Jul 2024
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- 3.6%
- Aug 2023 · now ▼ 1.8 pts
- Last 12 months
- 0.8% – 4.0%
- 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.