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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
₹7,774 Cr
down ₹14.1 Cr vs Jun 2026
- Stocks held
Nippon India Banking & Financial Services Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In July 2026 it disclosed 38 stocks worth ₹7,774 Cr, down ₹14.1 Cr from Jun 2026. Its largest positions were ICICI Bank Limited (13.9%), HDFC Bank Limited (13.2%), Axis Bank Limited (8.6%); the ten largest together made up 60.1% of the portfolio, and Banks was the biggest sector at 52.7% of its equity. Cash and debt stood at 1.7%. Compared with Jun 2026 the fund entered 1 new stock and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
83%
Top-10 weight is higher than 83% of peers
Breadth
38%
Holds more stocks than 38% of peers
Cash
24%
Holds more cash than 24% of peers
What these mean: concentration · cash
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 13.92% | up 0.61 pts | ₹1,082 Cr | up ₹45.4 Cr | Added |
| HDFC Bank Limited | 13.16% | down 0.85 pts | ₹1,023 Cr | down ₹68.1 Cr | Trimmed |
| Axis Bank Limited | 8.55% | down 0.79 pts | ₹665 Cr | down ₹62.8 Cr | Trimmed |
| State Bank of India | 5.64% | up 0.14 pts | ₹438 Cr | up ₹10.5 Cr | Added |
| Kotak Mahindra Bank Limited | 3.60% | down 0.01 pts | ₹280 Cr | down ₹1.4 Cr | Held |
| Bajaj Finserv Limited | 3.33% | up 0.41 pts | ₹259 Cr | up ₹31.8 Cr | Added |
| SBI Cards and Payment Services Limited | 3.31% | up 0.34 pts | ₹257 Cr | up ₹26.1 Cr | Added |
| SBI Life Insurance Company Limited | 3.22% | up 0.18 pts | ₹250 Cr | up ₹13.6 Cr | Added |
| IndusInd Bank Limited | 2.82% | up 0.25 pts | ₹219 Cr | up ₹19.1 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.53% | down 0.20 pts | ₹196 Cr | down ₹15.7 Cr | Trimmed |
| HDFC Asset Management Company Limited | 2.24% | up 0.76 pts | ₹174 Cr | up ₹58.5 Cr | Added |
| Star Health And Allied Insurance Company Limited | 2.17% | up 0.17 pts | ₹169 Cr | up ₹12.9 Cr | Added |
| Max Financial Services Limited | 2.15% | down 0.12 pts | ₹168 Cr | down ₹9.5 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 2.09% | down <0.01 pts | ₹162 Cr | down ₹43 L | Held |
| Aye Finance Limited | 2.01% | down 0.05 pts | ₹157 Cr | down ₹4 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.91% | down 0.10 pts | ₹148 Cr | down ₹8 Cr | Trimmed |
| Bajaj Finance Limited | 1.83% | up 0.09 pts | ₹142 Cr | up ₹7 Cr | Added |
| AU Small Finance Bank Limited | 1.70% | up 0.02 pts | ₹132 Cr | up ₹1.3 Cr | Added |
| KFin Technologies Limited | 1.68% | up 0.11 pts | ₹131 Cr | up ₹8.1 Cr | Added |
| Cash, TREPS & receivables | 1.66% | up 0.40 pts | ₹129 Cr | up ₹31.1 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 1.66% | down 0.62 pts | ₹129 Cr | down ₹48.3 Cr | Trimmed |
| PNB Housing Finance Limited | 1.61% | up 0.21 pts | ₹125 Cr | up ₹15.8 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.54% | up 0.21 pts | ₹119 Cr | up ₹16.1 Cr | Added |
| Angel One Limited | 1.50% | down 0.16 pts | ₹117 Cr | down ₹12.8 Cr | Trimmed |
| L&T Finance Limited | 1.47% | down 0.13 pts | ₹114 Cr | down ₹10.1 Cr | Trimmed |
| Pine Labs Limited | 1.38% | down 0.03 pts | ₹107 Cr | down ₹2.7 Cr | Trimmed |
| One 97 Communications Limited | 1.34% | up 0.20 pts | ₹104 Cr | up ₹15.7 Cr | Added |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.32% | down 0.07 pts | ₹103 Cr | down ₹5.4 Cr | Trimmed |
| Sundaram Finance Limited | 1.24% | up 0.04 pts | ₹96.1 Cr | up ₹3.3 Cr | Added |
| HDFC Life Insurance Company Limited | 1.15% | down 0.05 pts | ₹89.1 Cr | down ₹4.4 Cr | Trimmed |
| Aptus Value Housing Finance India Limited | 1.15% | up 0.07 pts | ₹89 Cr | up ₹5 Cr | Added |
| UTI Asset Management Company Limited | 1.09% | down 0.28 pts | ₹85.1 Cr | down ₹21.7 Cr | Trimmed |
| Power Finance Corporation Limited | 0.87% | down 0.41 pts | ₹67.9 Cr | down ₹31.8 Cr | Trimmed |
| Poonawalla Fincorp Limited | 0.79% | up 0.04 pts | ₹61.6 Cr | up ₹3 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 0.72% | down 0.27 pts | ₹55.9 Cr | down ₹21.5 Cr | Trimmed |
| Aavas Financiers Limited | 0.70% | down 0.08 pts | ₹54.4 Cr | down ₹6.4 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.48% | up 0.05 pts | ₹37.2 Cr | up ₹3.9 Cr | Added |
| Union Bank of India | 0.37% | up 0.37 pts | ₹29.1 Cr | up ₹29.1 Cr | New |
| HDB Financial Services Limited | 0.10% | down 0.46 pts | ₹7.4 Cr | down ₹36 Cr | Trimmed |
What changed, Jun 2026 to Jul 2026
New New positions (1)
- Union Bank of India0.4% · ₹29.1 Cr
Exited Exited (0)
None.
Added Biggest additions
- HDFC Asset Management Company Limitedup ₹58.5 Cr (+0.76% pts)
- ICICI Bank Limitedup ₹45.4 Cr (+0.61% pts)
- Bajaj Finserv Limitedup ₹31.8 Cr (+0.41% pts)
- SBI Cards and Payment Services Limitedup ₹26.1 Cr (+0.34% 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 Jun 2026, the weight rose most in Financial Technology (fintech) (+0.2 pts) and Insurance (+0.2 pts), and fell most in Capital Markets (−0.3 pts).
- Financial Technology (fintech)3.0% → 3.3%+0.2 pts
- Insurance11.0% → 11.1%+0.2 pts
- Capital Markets10.5% → 10.3%−0.3 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 | Jul 2023 | Jul 2025 | Jan 2026 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|---|
| Banks | 69.9% | 64.2% | 61.5% | 53.0% | 52.8% | 52.7% |
| Finance | 16.9% | 15.7% | 16.8% | 22.7% | 22.7% | 22.6% |
| Insurance | 6.9% | 10.6% | 10.3% | 11.5% | 11.0% | 11.1% |
| Capital Markets | 6.3% | 8.1% | 10.4% | 11.5% | 10.5% | 10.3% |
| Financial Technology (fintech) | — | 1.4% | 1.1% | 1.4% | 3.0% | 3.3% |
Allocation in Jul 2026change vs Jun 2026
- Banks (9)52.7%
- Finance (14)22.6%▼ 0.1 pts
- Insurance (6)11.1%▲ 0.2 pts
- Capital Markets (6)10.3%▼ 0.3 pts
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, Jul 2026
1.7%
▲ 0.4 pts vs Jun 2026
- Cash alone
- 1.7%
- cash and net receivables
- A year earlier
- 1.5%
- Jul 2025 · now ▲ 0.2 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.