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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
₹7,487 Cr
up ₹328 Cr vs May 2025
- Stocks held
- 32
- 3 vs May 2025
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In June 2025 it disclosed 32 stocks worth ₹7,487 Cr, up ₹328 Cr from May 2025. Its largest positions were HDFC Bank Limited (17.7%), ICICI Bank Limited (13.9%), Axis Bank Limited (9.3%); the ten largest together made up 65.8% of the portfolio, and Banks was the biggest sector at 62.9% of its equity. Cash and debt stood at 3.0%. Compared with May 2025 the fund entered 3 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
90%
Top-10 weight is higher than 90% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
43%
Holds more cash than 43% of peers
What these mean: concentration · cash
Holdings in June 2025
Download CSVEvery line the fund disclosed, with the change against May 2025. 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 | 17.68% | down 2.32 pts | ₹1,324 Cr | down ₹108 Cr | Trimmed |
| ICICI Bank Limited | 13.93% | down 1.04 pts | ₹1,043 Cr | down ₹28.9 Cr | Trimmed |
| Axis Bank Limited | 9.29% | down 0.37 pts | ₹696 Cr | up ₹4.1 Cr | Added |
| State Bank of India | 5.31% | down 0.19 pts | ₹398 Cr | up ₹3.9 Cr | Added |
| SBI Life Insurance Company Limited | 4.14% | up 0.02 pts | ₹310 Cr | up ₹15.3 Cr | Added |
| SBI Cards and Payment Services Limited | 3.46% | down 0.04 pts | ₹259 Cr | up ₹8.7 Cr | Added |
| IndusInd Bank Limited | 3.20% | up 0.07 pts | ₹239 Cr | up ₹15.1 Cr | Added |
| Bajaj Finserv Limited | 3.15% | down 0.08 pts | ₹236 Cr | up ₹4.4 Cr | Added |
| Cash, TREPS & receivables | 3.04% | up 1.43 pts | ₹228 Cr | up ₹112 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.93% | up 0.16 pts | ₹219 Cr | up ₹21 Cr | Added |
| Bank of Baroda | 2.69% | up 0.39 pts | ₹201 Cr | up ₹36.8 Cr | Added |
| The Federal Bank Limited | 2.68% | up 0.59 pts | ₹200 Cr | up ₹50.8 Cr | Added |
| Max Financial Services Limited | 2.67% | up 0.12 pts | ₹200 Cr | up ₹17.5 Cr | Added |
| Bajaj Finance Limited | 2.51% | down 0.06 pts | ₹188 Cr | up ₹3.7 Cr | Added |
| Kotak Mahindra Bank Limited | 2.33% | down 0.01 pts | ₹174 Cr | up ₹7.1 Cr | Added |
| UTI Asset Management Company Limited | 1.97% | up 0.07 pts | ₹147 Cr | up ₹11.5 Cr | Added |
| HDFC Life Insurance Company Limited | 1.93% | up <0.01 pts | ₹145 Cr | up ₹6.7 Cr | Added |
| Equitas Small Finance Bank Limited | 1.93% | up 0.08 pts | ₹145 Cr | up ₹12 Cr | Added |
| AU Small Finance Bank Limited | 1.93% | down 0.39 pts | ₹144 Cr | down ₹21.7 Cr | Trimmed |
| Angel One Limited | 1.72% | down 0.15 pts | ₹129 Cr | down ₹5 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.65% | up 0.38 pts | ₹124 Cr | up ₹32.3 Cr | Added |
| KFin Technologies Limited | 1.31% | up 0.21 pts | ₹98.1 Cr | up ₹19.6 Cr | Added |
| HDFC Asset Management Company Limited | 1.24% | up 0.05 pts | ₹92.5 Cr | up ₹7.3 Cr | Added |
| Power Finance Corporation Limited | 1.15% | down 0.19 pts | ₹86.4 Cr | down ₹9.9 Cr | Trimmed |
| One 97 Communications Limited | 1.14% | down 0.24 pts | ₹85.5 Cr | down ₹13.7 Cr | Trimmed |
| Aavas Financiers Limited | 1.12% | down 0.02 pts | ₹83.7 Cr | up ₹2 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.04% | up 0.04 pts | ₹77.8 Cr | up ₹6.3 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 0.80% | up 0.80 pts | ₹59.8 Cr | up ₹59.8 Cr | New |
| CreditAccess Grameen Limited | 0.71% | up 0.01 pts | ₹52.9 Cr | up ₹2.8 Cr | Added |
| L&T Finance Limited | 0.69% | up 0.69 pts | ₹51.9 Cr | up ₹51.9 Cr | New |
| PNB Housing Finance Limited | 0.47% | up 0.05 pts | ₹34.8 Cr | up ₹4.9 Cr | Added |
| Fedbank Financial Services Limited | 0.14% | down 0.11 pts | ₹10.1 Cr | down ₹7.5 Cr | Trimmed |
| HDB Financial Services Limited | 0.07% | up 0.07 pts | ₹4.9 Cr | up ₹4.9 Cr | New |
What changed, May 2025 to Jun 2025
New New positions (3)
- ICICI Prudential Life Insurance Company Limited0.8% · ₹59.8 Cr
- L&T Finance Limited0.7% · ₹51.9 Cr
- HDB Financial Services Limited0.1% · ₹4.9 Cr
Exited Exited (0)
None.
Added Biggest additions
- The Federal Bank Limitedup ₹50.8 Cr (+0.59% pts)
- Bank of Barodaup ₹36.8 Cr (+0.39% pts)
- Multi Commodity Exchange of India 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 May 2025, the weight rose most in Insurance (+1.2 pts) and Finance (+0.7 pts), and fell most in Banks (−2.3 pts) and Financial Technology (fintech) (−0.2 pts).
- Insurance9.7% → 10.9%+1.2 pts
- Finance16.2% → 16.9%+0.7 pts
- Capital Markets7.5% → 8.1%+0.7 pts
- Banks65.2% → 62.9%−2.3 pts
- Financial Technology (fintech)1.4% → 1.2%−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 | Jun 2022 | Jun 2024 | Dec 2024 | Mar 2025 | May 2025 | Jun 2025 |
|---|---|---|---|---|---|---|
| Banks | 65.8% | 68.2% | 69.1% | 64.9% | 65.2% | 62.9% |
| Finance | 25.0% | 16.3% | 14.8% | 17.9% | 16.2% | 16.9% |
| Insurance | 6.4% | 9.9% | 7.9% | 8.3% | 9.7% | 10.9% |
| Capital Markets | 2.8% | 5.2% | 6.4% | 7.3% | 7.5% | 8.1% |
| Financial Technology (fintech) | — | 0.5% | 1.8% | 1.6% | 1.4% | 1.2% |
Allocation in Jun 2025change vs May 2025
- Banks (10)62.9%▼ 2.3 pts
- Finance (11)16.9%▲ 0.7 pts
- Insurance (5)10.9%▲ 1.2 pts
- Capital Markets (5)8.1%
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, Jun 2025
3.0%
▲ 1.4 pts vs May 2025
- Cash alone
- 3.0%
- cash and net receivables
- A year earlier
- 2.1%
- Jun 2024 · now ▲ 1.0 pts
- Last 12 months
- 1.2% – 3.2%
- 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.