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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
₹6,307 Cr
up ₹69.2 Cr vs Oct 2024
- Stocks held
- 27
- up 1 vs Oct 2024
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In November 2024 it disclosed 27 stocks worth ₹6,307 Cr, up ₹69.2 Cr from Oct 2024. Its largest positions were HDFC Bank Limited (22.0%), ICICI Bank Limited (16.3%), Axis Bank Limited (8.2%); the ten largest together made up 71.7% of the portfolio, and Banks was the biggest sector at 68.7% of its equity. Cash and debt stood at 1.9%. Compared with Oct 2024 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
11%
Holds more stocks than 11% of peers
Cash
28%
Holds more cash than 28% of peers
What these mean: concentration · cash
Holdings in November 2024
Download CSVEvery line the fund disclosed, with the change against Oct 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 | 21.97% | up 0.50 pts | ₹1,386 Cr | up ₹46.6 Cr | Added |
| ICICI Bank Limited | 16.32% | down 0.08 pts | ₹1,029 Cr | up ₹6.2 Cr | Added |
| Axis Bank Limited | 8.18% | down 0.26 pts | ₹516 Cr | down ₹10.6 Cr | Trimmed |
| State Bank of India | 4.78% | up 0.06 pts | ₹302 Cr | up ₹6.7 Cr | Added |
| Kotak Mahindra Bank Limited | 4.62% | up 0.04 pts | ₹291 Cr | up ₹5.6 Cr | Added |
| IndusInd Bank Limited | 3.83% | down 0.28 pts | ₹242 Cr | down ₹14.5 Cr | Trimmed |
| The Federal Bank Limited | 3.70% | down 0.21 pts | ₹233 Cr | down ₹10.3 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.96% | down 0.42 pts | ₹187 Cr | down ₹24 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.80% | up 0.02 pts | ₹177 Cr | up ₹3.1 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.58% | down 0.16 pts | ₹162 Cr | down ₹8.3 Cr | Trimmed |
| Power Finance Corporation Limited | 2.45% | up 0.17 pts | ₹155 Cr | up ₹12.6 Cr | Added |
| UTI Asset Management Company Limited | 2.35% | down 0.09 pts | ₹148 Cr | down ₹3.9 Cr | Trimmed |
| Bajaj Finserv Limited | 2.29% | down 0.28 pts | ₹144 Cr | down ₹15.6 Cr | Trimmed |
| Max Financial Services Limited | 2.18% | down 0.31 pts | ₹137 Cr | down ₹18.1 Cr | Trimmed |
| Bajaj Finance Limited | 2.10% | down 0.12 pts | ₹132 Cr | down ₹6.3 Cr | Trimmed |
| Cash, TREPS & receivables | 1.95% | up 0.27 pts | ₹123 Cr | up ₹18.4 Cr | Added |
| AU Small Finance Bank Limited | 1.75% | up 1.75 pts | ₹110 Cr | up ₹110 Cr | New |
| One 97 Communications Limited | 1.65% | up 0.25 pts | ₹104 Cr | up ₹16.5 Cr | Added |
| HDFC Life Insurance Company Limited | 1.64% | down 0.18 pts | ₹104 Cr | down ₹9.8 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.49% | down 0.10 pts | ₹94.2 Cr | down ₹5 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 1.43% | down 0.19 pts | ₹90.2 Cr | down ₹10.9 Cr | Trimmed |
| KFin Technologies Limited | 1.33% | up 0.17 pts | ₹84.1 Cr | up ₹11.8 Cr | Added |
| Aavas Financiers Limited | 1.18% | down 0.01 pts | ₹74.1 Cr | up ₹2 L | Held |
| Angel One Limited | 1.11% | down 0.07 pts | ₹69.9 Cr | down ₹3.7 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.03% | down 0.10 pts | ₹64.8 Cr | down ₹5.7 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.89% | down 0.04 pts | ₹55.9 Cr | down ₹1.7 Cr | Trimmed |
| Canara Bank | 0.78% | down 0.40 pts | ₹49.3 Cr | down ₹24.2 Cr | Trimmed |
| Fedbank Financial Services Limited | 0.67% | up 0.05 pts | ₹42 Cr | up ₹3.9 Cr | Added |
What changed, Oct 2024 to Nov 2024
New New positions (1)
- AU Small Finance Bank Limited1.8% · ₹110 Cr
Exited Exited (0)
None.
Added Biggest additions
- HDFC Bank Limitedup ₹46.6 Cr (+0.50% pts)
- One 97 Communications Limitedup ₹16.5 Cr (+0.25% pts)
- Power Finance Corporation Limitedup ₹12.6 Cr (+0.17% pts)
- KFin Technologies Limitedup ₹11.8 Cr (+0.17% 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 Oct 2024, the weight rose most in Banks (+1.1 pts) and Financial Technology (fintech) (+0.3 pts), and fell most in Insurance (−0.9 pts) and Finance (−0.4 pts).
- Banks67.6% → 68.7%+1.1 pts
- Financial Technology (fintech)1.4% → 1.7%+0.3 pts
- Insurance8.8% → 7.8%−0.9 pts
- Finance15.8% → 15.4%−0.4 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 2021 | Nov 2023 | May 2024 | Aug 2024 | Oct 2024 | Nov 2024 |
|---|---|---|---|---|---|---|
| Banks | 64.0% | 65.8% | 67.8% | 67.0% | 67.6% | 68.7% |
| Finance | 23.8% | 18.6% | 16.3% | 16.2% | 15.8% | 15.4% |
| Insurance | 6.0% | 9.9% | 10.2% | 10.0% | 8.8% | 7.8% |
| Capital Markets | 4.4% | 5.7% | 5.2% | 5.8% | 6.5% | 6.4% |
| Financial Technology (fintech) | 1.8% | — | 0.4% | 1.0% | 1.4% | 1.7% |
Allocation in Nov 2024change vs Oct 2024
- Banks (10)68.7%▲ 1.1 pts
- Finance (8)15.4%▼ 0.4 pts
- Insurance (4)7.8%▼ 0.9 pts
- Capital Markets (4)6.4%
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 2024
1.9%
▲ 0.3 pts vs Oct 2024
- Cash alone
- 1.9%
- cash and net receivables
- A year earlier
- 2.2%
- Nov 2023 · now ▼ 0.3 pts
- Last 12 months
- 0.8% – 3.7%
- 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.