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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
₹7,470 Cr
up ₹749 Cr vs Mar 2026
- Stocks held
- 37
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In April 2026 it disclosed 37 stocks worth ₹7,470 Cr, up ₹749 Cr from Mar 2026. Its largest positions were HDFC Bank Limited (13.0%), ICICI Bank Limited (12.8%), Axis Bank Limited (9.2%); the ten largest together made up 59.5% of the portfolio, and Banks was the biggest sector at 53.0% of its equity. Cash and debt stood at 2.4%. Compared with Mar 2026 the fund entered 2 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
82%
Top-10 weight is higher than 82% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
32%
Holds more cash than 32% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. 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 | 13.04% | down 0.70 pts | ₹974 Cr | up ₹50.7 Cr | Added |
| ICICI Bank Limited | 12.75% | down 0.78 pts | ₹952 Cr | up ₹43.3 Cr | Added |
| Axis Bank Limited | 9.18% | down 0.45 pts | ₹686 Cr | up ₹38.8 Cr | Added |
| State Bank of India | 5.96% | down 0.11 pts | ₹445 Cr | up ₹37.1 Cr | Added |
| Kotak Mahindra Bank Limited | 3.53% | down 0.09 pts | ₹263 Cr | up ₹20.5 Cr | Added |
| SBI Cards and Payment Services Limited | 3.36% | down 0.32 pts | ₹251 Cr | up ₹3.3 Cr | Added |
| SBI Life Insurance Company Limited | 3.29% | down 0.28 pts | ₹246 Cr | up ₹5.6 Cr | Added |
| Bajaj Finserv Limited | 2.98% | down 0.11 pts | ₹223 Cr | up ₹14.7 Cr | Added |
| Multi Commodity Exchange of India Limited | 2.75% | up 0.29 pts | ₹205 Cr | up ₹40.2 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.67% | down 0.10 pts | ₹199 Cr | up ₹13.1 Cr | Added |
| IndusInd Bank Limited | 2.65% | up 0.23 pts | ₹198 Cr | up ₹35.4 Cr | Added |
| Cash, TREPS & receivables | 2.41% | up 0.99 pts | ₹180 Cr | up ₹84.7 Cr | Added |
| Max Financial Services Limited | 2.37% | down 0.11 pts | ₹177 Cr | up ₹10.6 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 2.35% | down 0.29 pts | ₹176 Cr | down ₹1.9 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 1.93% | up 0.27 pts | ₹144 Cr | up ₹32.6 Cr | Added |
| L&T Finance Limited | 1.78% | up 0.08 pts | ₹133 Cr | up ₹18.8 Cr | Added |
| Star Health And Allied Insurance Company Limited | 1.72% | up 0.06 pts | ₹129 Cr | up ₹16.7 Cr | Added |
| AU Small Finance Bank Limited | 1.72% | up 0.13 pts | ₹128 Cr | up ₹21.9 Cr | Added |
| Bajaj Finance Limited | 1.69% | up 0.08 pts | ₹126 Cr | up ₹18.3 Cr | Added |
| Aye Finance Limited | 1.64% | up 0.33 pts | ₹122 Cr | up ₹34.5 Cr | Added |
| PNB Housing Finance Limited | 1.62% | up 0.32 pts | ₹121 Cr | up ₹33.6 Cr | Added |
| Angel One Limited | 1.62% | up 0.12 pts | ₹121 Cr | up ₹20.4 Cr | Added |
| HDFC Asset Management Company Limited | 1.59% | up 0.48 pts | ₹118 Cr | up ₹43.8 Cr | Added |
| UTI Asset Management Company Limited | 1.45% | down 0.14 pts | ₹108 Cr | up ₹1.4 Cr | Added |
| KFin Technologies Limited | 1.43% | down 0.13 pts | ₹107 Cr | up ₹2.3 Cr | Added |
| Power Finance Corporation Limited | 1.41% | up 0.08 pts | ₹105 Cr | up ₹16.2 Cr | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.35% | up 0.21 pts | ₹101 Cr | up ₹24 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.31% | up 0.62 pts | ₹98.1 Cr | up ₹51.8 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 1.30% | down 0.10 pts | ₹97 Cr | up ₹2.9 Cr | Added |
| HDFC Life Insurance Company Limited | 1.28% | down 0.15 pts | ₹95.4 Cr | down ₹60 L | Trimmed |
| One 97 Communications Limited | 0.99% | up 0.25 pts | ₹74.3 Cr | up ₹24.6 Cr | Added |
| Aptus Value Housing Finance India Limited | 0.98% | up 0.98 pts | ₹73.2 Cr | up ₹73.2 Cr | New |
| The Federal Bank Limited | 0.92% | down <0.01 pts | ₹68.9 Cr | up ₹6.6 Cr | Added |
| Poonawalla Fincorp Limited | 0.74% | up 0.74 pts | ₹55.4 Cr | up ₹55.4 Cr | New |
| Aavas Financiers Limited | 0.74% | up 0.10 pts | ₹55.2 Cr | up ₹12.1 Cr | Added |
| Sundaram Finance Limited | 0.64% | down 0.05 pts | ₹48.1 Cr | up ₹1.7 Cr | Added |
| HDB Financial Services Limited | 0.51% | up 0.03 pts | ₹38 Cr | up ₹5.6 Cr | Added |
| Seshaasai Technologies Limited | 0.35% | up 0.01 pts | ₹26 Cr | up ₹3.1 Cr | Added |
What changed, Mar 2026 to Apr 2026
New New positions (2)
- Aptus Value Housing Finance India Limited1.0% · ₹73.2 Cr
- Poonawalla Fincorp Limited0.7% · ₹55.4 Cr
Exited Exited (1)
- Bank of Barodawas 2.5% · ₹168 Cr
Added Biggest additions
- ICICI Prudential Life Insurance Company Limitedup ₹51.8 Cr (+0.62% pts)
- HDFC Bank Limitedup ₹50.7 Cr (−0.70% pts)
- HDFC Asset Management Company 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 Mar 2026, the weight rose most in Finance (+2.6 pts) and Capital Markets (+0.5 pts), and fell most in Banks (−3.5 pts).
- Finance20.0% → 22.7%+2.6 pts
- Capital Markets11.0% → 11.5%+0.5 pts
- Financial Technology (fintech)1.1% → 1.4%+0.3 pts
- Insurance11.4% → 11.5%+0.2 pts
- Banks56.5% → 53.0%−3.5 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 | Apr 2023 | Apr 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Banks | 64.2% | 66.8% | 63.9% | 61.5% | 56.5% | 53.0% |
| Finance | 22.2% | 16.3% | 17.0% | 16.8% | 20.0% | 22.7% |
| Insurance | 7.9% | 8.7% | 9.8% | 10.3% | 11.4% | 11.5% |
| Capital Markets | 5.7% | 6.8% | 7.8% | 10.4% | 11.0% | 11.5% |
| Financial Technology (fintech) | — | 1.4% | 1.5% | 1.1% | 1.1% | 1.4% |
Allocation in Apr 2026change vs Mar 2026
- Banks (9)53.0%▼ 3.5 pts
- Finance (14)22.7%▲ 2.6 pts
- Insurance (6)11.5%▲ 0.2 pts
- Capital Markets (6)11.5%
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, Apr 2026
2.4%
▲ 1.0 pts vs Mar 2026
- Cash alone
- 2.4%
- cash and net receivables
- A year earlier
- 1.9%
- Apr 2025 · now ▲ 0.5 pts
- Last 12 months
- 1.4% – 3.0%
- 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.