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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
₹7,789 Cr
up ₹347 Cr vs May 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 June 2026 it disclosed 37 stocks worth ₹7,789 Cr, up ₹347 Cr from May 2026. Its largest positions were HDFC Bank Limited (14.0%), ICICI Bank Limited (13.3%), Axis Bank Limited (9.3%); the ten largest together made up 60.0% of the portfolio, and Banks was the biggest sector at 52.8% of its equity. Cash and debt stood at 1.3%. Compared with May 2026 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
83%
Top-10 weight is higher than 83% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
14%
Holds more cash than 14% of peers
What these mean: concentration · cash
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 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 | 14.01% | up 1.39 pts | ₹1,092 Cr | up ₹152 Cr | Added |
| ICICI Bank Limited | 13.31% | up 0.58 pts | ₹1,037 Cr | up ₹89.6 Cr | Added |
| Axis Bank Limited | 9.34% | down 0.01 pts | ₹728 Cr | up ₹32 Cr | Added |
| State Bank of India | 5.49% | up 0.09 pts | ₹428 Cr | up ₹26 Cr | Added |
| Kotak Mahindra Bank Limited | 3.61% | up 0.06 pts | ₹281 Cr | up ₹17.3 Cr | Added |
| SBI Life Insurance Company Limited | 3.04% | down 0.26 pts | ₹237 Cr | down ₹8.6 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.97% | down 0.30 pts | ₹231 Cr | down ₹12.1 Cr | Trimmed |
| Bajaj Finserv Limited | 2.92% | down 0.14 pts | ₹227 Cr | down ₹43 L | Held |
| Cholamandalam Financial Holdings Limited | 2.72% | up <0.01 pts | ₹212 Cr | up ₹9.6 Cr | Added |
| IndusInd Bank Limited | 2.57% | down 0.09 pts | ₹200 Cr | up ₹2.1 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 2.28% | down 0.26 pts | ₹177 Cr | down ₹11.7 Cr | Trimmed |
| Max Financial Services Limited | 2.27% | down 0.24 pts | ₹177 Cr | down ₹10.1 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 2.09% | up 0.05 pts | ₹163 Cr | up ₹11.2 Cr | Added |
| Aye Finance Limited | 2.06% | up 0.26 pts | ₹161 Cr | up ₹26.6 Cr | Added |
| Multi Commodity Exchange of India Limited | 2.01% | down 0.74 pts | ₹156 Cr | down ₹47.8 Cr | Trimmed |
| Star Health And Allied Insurance Company Limited | 2.00% | up 0.12 pts | ₹156 Cr | up ₹16.2 Cr | Added |
| Bajaj Finance Limited | 1.74% | up 0.09 pts | ₹135 Cr | up ₹13 Cr | Added |
| AU Small Finance Bank Limited | 1.68% | up 0.01 pts | ₹131 Cr | up ₹6.6 Cr | Added |
| Angel One Limited | 1.66% | down 0.11 pts | ₹129 Cr | down ₹2.6 Cr | Trimmed |
| L&T Finance Limited | 1.60% | down 0.08 pts | ₹124 Cr | down ₹37 L | Held |
| KFin Technologies Limited | 1.57% | down 0.03 pts | ₹123 Cr | up ₹3.1 Cr | Added |
| HDFC Asset Management Company Limited | 1.49% | down 0.08 pts | ₹116 Cr | down ₹92 L | Trimmed |
| Pine Labs Limited | 1.41% | up 0.05 pts | ₹110 Cr | up ₹8.6 Cr | Added |
| PNB Housing Finance Limited | 1.41% | down 0.05 pts | ₹110 Cr | up ₹83 L | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.39% | down 0.03 pts | ₹108 Cr | up ₹2.2 Cr | Added |
| UTI Asset Management Company Limited | 1.37% | down 0.07 pts | ₹107 Cr | down ₹64 L | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.33% | down 0.11 pts | ₹103 Cr | down ₹3.4 Cr | Trimmed |
| Power Finance Corporation Limited | 1.28% | down 0.07 pts | ₹99.8 Cr | down ₹1 Cr | Trimmed |
| Cash, TREPS & receivables | 1.26% | down 0.57 pts | ₹98.1 Cr | down ₹37.8 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.20% | down 0.10 pts | ₹93.6 Cr | down ₹3.1 Cr | Trimmed |
| Sundaram Finance Limited | 1.19% | up 0.60 pts | ₹92.8 Cr | up ₹48.4 Cr | Added |
| One 97 Communications Limited | 1.14% | up 0.12 pts | ₹88.8 Cr | up ₹13 Cr | Added |
| Aptus Value Housing Finance India Limited | 1.08% | up 0.02 pts | ₹84 Cr | up ₹5.6 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 0.99% | down 0.33 pts | ₹77.4 Cr | down ₹21.2 Cr | Trimmed |
| Aavas Financiers Limited | 0.78% | up 0.06 pts | ₹60.8 Cr | up ₹7.1 Cr | Added |
| Poonawalla Fincorp Limited | 0.75% | up 0.07 pts | ₹58.6 Cr | up ₹7.7 Cr | Added |
| HDB Financial Services Limited | 0.56% | up 0.04 pts | ₹43.4 Cr | up ₹4.9 Cr | Added |
| Seshaasai Technologies Limited | 0.43% | up 0.05 pts | ₹33.3 Cr | up ₹5.1 Cr | Added |
What changed, May 2026 to Jun 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- HDFC Bank Limitedup ₹152 Cr (+1.39% pts)
- ICICI Bank Limitedup ₹89.6 Cr (+0.58% pts)
- Sundaram Finance Limitedup ₹48.4 Cr (+0.60% pts)
- Axis Bank Limitedup ₹32 Cr (−0.01% pts)
- Aye Finance Limitedup ₹26.6 Cr (+0.26% 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 May 2026, the weight rose most in Banks (+1.8 pts) and Finance (+0.3 pts), and fell most in Capital Markets (−1.4 pts) and Insurance (−1.0 pts).
- Banks50.9% → 52.8%+1.8 pts
- Finance22.4% → 22.7%+0.3 pts
- Financial Technology (fintech)2.8% → 3.0%+0.2 pts
- Capital Markets11.9% → 10.5%−1.4 pts
- Insurance12.0% → 11.0%−1.0 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 2023 | Jun 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Banks | 61.6% | 62.9% | 61.1% | 56.5% | 50.9% | 52.8% |
| Finance | 23.9% | 16.9% | 17.8% | 20.0% | 22.4% | 22.7% |
| Insurance | 7.8% | 10.9% | 9.9% | 11.4% | 12.0% | 11.0% |
| Capital Markets | 6.6% | 8.1% | 9.9% | 11.0% | 11.9% | 10.5% |
| Financial Technology (fintech) | — | 1.2% | 1.3% | 1.1% | 2.8% | 3.0% |
Allocation in Jun 2026change vs May 2026
- Banks (8)52.8%▲ 1.8 pts
- Finance (14)22.7%▲ 0.3 pts
- Insurance (6)11.0%▼ 1.0 pts
- Capital Markets (6)10.5%
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, Jun 2026
1.3%
▼ 0.6 pts vs May 2026
- Cash alone
- 1.3%
- cash and net receivables
- A year earlier
- 3.0%
- Jun 2025 · now ▼ 1.8 pts
- Last 12 months
- 1.3% – 2.7%
- 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.