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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
₹6,990 Cr
down ₹232 Cr vs Jul 2025
- Stocks held
- 31
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In August 2025 it disclosed 31 stocks worth ₹6,990 Cr, down ₹232 Cr from Jul 2025. Its largest positions were HDFC Bank Limited (16.9%), ICICI Bank Limited (15.7%), Axis Bank Limited (9.1%); the ten largest together made up 68.3% of the portfolio, and Banks was the biggest sector at 63.3% of its equity. Cash and debt stood at 1.8%. Compared with Jul 2025 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
27%
Holds more cash than 27% of peers
What these mean: concentration · cash
Holdings in August 2025
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 16.92% | down 0.45 pts | ₹1,183 Cr | down ₹71.5 Cr | Trimmed |
| ICICI Bank Limited | 15.75% | down 0.40 pts | ₹1,101 Cr | down ₹65.8 Cr | Trimmed |
| Axis Bank Limited | 9.12% | up 0.10 pts | ₹638 Cr | down ₹14.2 Cr | Trimmed |
| State Bank of India | 7.00% | up 0.28 pts | ₹489 Cr | up ₹3.6 Cr | Added |
| SBI Life Insurance Company Limited | 4.35% | up 0.06 pts | ₹304 Cr | down ₹5.9 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 3.41% | up 0.36 pts | ₹238 Cr | up ₹18.4 Cr | Added |
| Bajaj Finserv Limited | 3.14% | up 0.05 pts | ₹219 Cr | down ₹4 Cr | Trimmed |
| The Federal Bank Limited | 3.13% | up 0.21 pts | ₹219 Cr | up ₹8 Cr | Added |
| Max Financial Services Limited | 2.78% | up 0.26 pts | ₹194 Cr | up ₹12.2 Cr | Added |
| Bank of Baroda | 2.70% | up 0.03 pts | ₹188 Cr | down ₹4.1 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.50% | down 0.15 pts | ₹175 Cr | down ₹16.4 Cr | Trimmed |
| Bajaj Finance Limited | 2.43% | down 0.02 pts | ₹170 Cr | down ₹7.1 Cr | Trimmed |
| IndusInd Bank Limited | 2.29% | down 0.66 pts | ₹160 Cr | down ₹52.8 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.26% | up 0.05 pts | ₹158 Cr | down ₹1.5 Cr | Trimmed |
| UTI Asset Management Company Limited | 2.11% | up <0.01 pts | ₹147 Cr | down ₹4.7 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.96% | up 0.10 pts | ₹137 Cr | up ₹2.9 Cr | Added |
| Cash, TREPS & receivables | 1.80% | up 0.34 pts | ₹126 Cr | up ₹20.6 Cr | Added |
| L&T Finance Limited | 1.57% | up 0.45 pts | ₹110 Cr | up ₹28.7 Cr | Added |
| Equitas Small Finance Bank Limited | 1.55% | down 0.22 pts | ₹108 Cr | down ₹19.4 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.46% | down 0.01 pts | ₹102 Cr | down ₹4.2 Cr | Trimmed |
| AU Small Finance Bank Limited | 1.45% | up <0.01 pts | ₹102 Cr | down ₹3.3 Cr | Trimmed |
| KFin Technologies Limited | 1.43% | down 0.04 pts | ₹99.8 Cr | down ₹6 Cr | Trimmed |
| Angel One Limited | 1.40% | down 0.19 pts | ₹97.5 Cr | down ₹17.3 Cr | Trimmed |
| HDFC Asset Management Company Limited | 1.39% | down <0.01 pts | ₹97.4 Cr | down ₹3.3 Cr | Trimmed |
| One 97 Communications Limited | 1.32% | down 0.08 pts | ₹92.2 Cr | down ₹8.7 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.00% | down 0.01 pts | ₹70.2 Cr | down ₹3.3 Cr | Trimmed |
| Aavas Financiers Limited | 0.87% | down 0.09 pts | ₹60.8 Cr | down ₹8.2 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 0.78% | up <0.01 pts | ₹54.5 Cr | down ₹1.5 Cr | Trimmed |
| HDB Financial Services Limited | 0.64% | up 0.04 pts | ₹45 Cr | up ₹1.1 Cr | Added |
| PNB Housing Finance Limited | 0.63% | down 0.17 pts | ₹44.2 Cr | down ₹13.6 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 0.49% | up 0.49 pts | ₹34.1 Cr | up ₹34.1 Cr | New |
| Power Finance Corporation Limited | 0.38% | down 0.34 pts | ₹26.7 Cr | down ₹25.4 Cr | Trimmed |
What changed, Jul 2025 to Aug 2025
New New positions (1)
- Cholamandalam Investment and Finance Company Limited0.5% · ₹34.1 Cr
Exited Exited (0)
None.
Added Biggest additions
- L&T Finance Limitedup ₹28.7 Cr (+0.45% pts)
- SBI Cards and Payment Services Limitedup ₹18.4 Cr (+0.36% pts)
- Max Financial Services Limitedup ₹12.2 Cr (+0.26% pts)
- The Federal Bank Limitedup ₹8 Cr (+0.21% 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 2025, the weight rose most in Finance (+0.7 pts) and Insurance (+0.5 pts), and fell most in Banks (−0.9 pts) and Capital Markets (−0.2 pts).
- Finance15.7% → 16.4%+0.7 pts
- Insurance10.6% → 11.1%+0.5 pts
- Banks64.2% → 63.3%−0.9 pts
- Capital Markets8.1% → 7.9%−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 | Aug 2022 | Aug 2024 | Feb 2025 | May 2025 | Jul 2025 | Aug 2025 |
|---|---|---|---|---|---|---|
| Banks | 68.2% | 67.0% | 65.9% | 65.2% | 64.2% | 63.3% |
| Finance | 22.3% | 16.2% | 17.8% | 16.2% | 15.7% | 16.4% |
| Insurance | 6.0% | 10.0% | 8.0% | 9.7% | 10.6% | 11.1% |
| Capital Markets | 3.5% | 5.8% | 6.8% | 7.5% | 8.1% | 7.9% |
| Financial Technology (fintech) | — | 1.0% | 1.5% | 1.4% | 1.4% | 1.3% |
Allocation in Aug 2025change vs Jul 2025
- Banks (10)63.3%▼ 0.9 pts
- Finance (10)16.4%▲ 0.7 pts
- Insurance (5)11.1%▲ 0.5 pts
- Capital Markets (5)7.9%
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 2025
1.8%
▲ 0.3 pts vs Jul 2025
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- 1.8%
- Aug 2024
- 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.