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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
₹7,185 Cr
up ₹196 Cr vs Aug 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 September 2025 it disclosed 31 stocks worth ₹7,185 Cr, up ₹196 Cr from Aug 2025. Its largest positions were HDFC Bank Limited (16.0%), ICICI Bank Limited (14.8%), Axis Bank Limited (9.6%); the ten largest together made up 67.3% of the portfolio, and Banks was the biggest sector at 63.4% of its equity. Cash and debt stood at 2.0%. Compared with Aug 2025 the fund entered 1 new stock and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
92%
Top-10 weight is higher than 92% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
28%
Holds more cash than 28% of peers
What these mean: concentration · cash
Holdings in September 2025
Download CSVEvery line the fund disclosed, with the change against Aug 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 | 15.97% | down 0.95 pts | ₹1,148 Cr | down ₹35 Cr | Trimmed |
| ICICI Bank Limited | 14.77% | down 0.97 pts | ₹1,061 Cr | down ₹39.2 Cr | Trimmed |
| Axis Bank Limited | 9.61% | up 0.49 pts | ₹690 Cr | up ₹52.7 Cr | Added |
| State Bank of India | 7.53% | up 0.53 pts | ₹541 Cr | up ₹52.1 Cr | Added |
| SBI Life Insurance Company Limited | 3.66% | down 0.69 pts | ₹263 Cr | down ₹41 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 3.62% | up 0.21 pts | ₹260 Cr | up ₹21.8 Cr | Added |
| The Federal Bank Limited | 3.33% | up 0.20 pts | ₹239 Cr | up ₹20.7 Cr | Added |
| Bajaj Finserv Limited | 3.20% | up 0.06 pts | ₹230 Cr | up ₹10.6 Cr | Added |
| Bank of Baroda | 2.91% | up 0.22 pts | ₹209 Cr | up ₹20.8 Cr | Added |
| Kotak Mahindra Bank Limited | 2.68% | up 0.42 pts | ₹192 Cr | up ₹34.4 Cr | Added |
| Max Financial Services Limited | 2.66% | down 0.12 pts | ₹191 Cr | down ₹3.2 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 2.66% | up 0.16 pts | ₹191 Cr | up ₹16.1 Cr | Added |
| Bajaj Finance Limited | 2.41% | down 0.02 pts | ₹173 Cr | up ₹3.5 Cr | Added |
| IndusInd Bank Limited | 2.22% | down 0.07 pts | ₹159 Cr | down ₹85 L | Trimmed |
| UTI Asset Management Company Limited | 2.07% | down 0.03 pts | ₹149 Cr | up ₹1.8 Cr | Added |
| Cash, TREPS & receivables | 1.97% | up 0.18 pts | ₹142 Cr | up ₹16.3 Cr | Added |
| HDFC Life Insurance Company Limited | 1.87% | down 0.09 pts | ₹134 Cr | down ₹2.8 Cr | Trimmed |
| L&T Finance Limited | 1.76% | up 0.18 pts | ₹126 Cr | up ₹16.3 Cr | Added |
| Equitas Small Finance Bank Limited | 1.72% | up 0.17 pts | ₹123 Cr | up ₹14.9 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.50% | up 0.04 pts | ₹108 Cr | up ₹5.6 Cr | Added |
| AU Small Finance Bank Limited | 1.44% | down 0.01 pts | ₹103 Cr | up ₹1.9 Cr | Added |
| KFin Technologies Limited | 1.43% | up <0.01 pts | ₹103 Cr | up ₹3 Cr | Added |
| HDFC Asset Management Company Limited | 1.37% | down 0.02 pts | ₹98.6 Cr | up ₹1.2 Cr | Added |
| Angel One Limited | 1.31% | down 0.09 pts | ₹94.1 Cr | down ₹3.4 Cr | Trimmed |
| One 97 Communications Limited | 1.08% | down 0.23 pts | ₹78 Cr | down ₹14.2 Cr | Trimmed |
| ICICI Lombard General Insurance Company Limited | 1.00% | down <0.01 pts | ₹72.1 Cr | up ₹1.9 Cr | Added |
| Aavas Financiers Limited | 0.91% | up 0.04 pts | ₹65.4 Cr | up ₹4.5 Cr | Added |
| PNB Housing Finance Limited | 0.87% | up 0.24 pts | ₹62.7 Cr | up ₹18.5 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 0.75% | down 0.03 pts | ₹54.1 Cr | down ₹42 L | Trimmed |
| HDB Financial Services Limited | 0.60% | down 0.04 pts | ₹43.4 Cr | down ₹1.6 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.57% | up 0.57 pts | ₹40.8 Cr | up ₹40.8 Cr | New |
| Cholamandalam Investment and Finance Company Limited | 0.54% | up 0.05 pts | ₹38.7 Cr | up ₹4.6 Cr | Added |
What changed, Aug 2025 to Sep 2025
New New positions (1)
- Seshaasai Technologies Limited0.6% · ₹40.8 Cr
Exited Exited (1)
- Power Finance Corporation Limitedwas 0.4% · ₹26.7 Cr
Added Biggest additions
- Axis Bank Limitedup ₹52.7 Cr (+0.49% pts)
- State Bank of Indiaup ₹52.1 Cr (+0.53% pts)
- Kotak Mahindra Bank Limitedup ₹34.4 Cr (+0.42% pts)
- SBI Cards and Payment Services 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 Aug 2025, the weight rose most in Finance (+0.5 pts) and Financial Technology (fintech) (+0.3 pts), and fell most in Insurance (−0.9 pts).
- Finance16.4% → 16.9%+0.5 pts
- Financial Technology (fintech)1.3% → 1.7%+0.3 pts
- Banks63.3% → 63.4%+0.1 pts
- Insurance11.1% → 10.1%−0.9 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 | Sep 2022 | Sep 2024 | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 |
|---|---|---|---|---|---|---|
| Banks | 63.0% | 66.6% | 64.9% | 62.9% | 63.3% | 63.4% |
| Finance | 24.4% | 17.4% | 17.9% | 16.9% | 16.4% | 16.9% |
| Insurance | 7.6% | 9.1% | 8.3% | 10.9% | 11.1% | 10.1% |
| Capital Markets | 5.0% | 5.8% | 7.3% | 8.1% | 7.9% | 7.8% |
| Financial Technology (fintech) | — | 1.0% | 1.6% | 1.2% | 1.3% | 1.7% |
Allocation in Sep 2025change vs Aug 2025
- Banks (10)63.4%▲ 0.1 pts
- Finance (9)16.9%▲ 0.5 pts
- Insurance (5)10.1%▼ 0.9 pts
- Capital Markets (5)7.8%
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, Sep 2025
2.0%
▲ 0.2 pts vs Aug 2025
- Cash alone
- 2.0%
- cash and net receivables
- A year earlier
- 1.7%
- Sep 2024 · now ▲ 0.3 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.