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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
₹7,910 Cr
up ₹135 Cr vs Jul 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 August 2026 it disclosed 37 stocks worth ₹7,910 Cr, up ₹135 Cr from Jul 2026. Its largest positions were ICICI Bank Limited (13.6%), HDFC Bank Limited (12.3%), Axis Bank Limited (8.9%); the ten largest together made up 58.5% of the portfolio, and Banks was the biggest sector at 53.3% of its equity. Cash and debt stood at 1.5%. Compared with Jul 2026 the fund entered 2 new stocks and exited 3.
Against 229 other Sectoral / Thematic funds
Concentration
79%
Top-10 weight is higher than 79% of peers
Breadth
35%
Holds more stocks than 35% of peers
Cash
20%
Holds more cash than 20% of peers
What these mean: concentration · cash
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 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 | 13.58% | down 0.34 pts | ₹1,074 Cr | down ₹7.8 Cr | Trimmed |
| HDFC Bank Limited | 12.26% | down 0.90 pts | ₹970 Cr | down ₹53.6 Cr | Trimmed |
| Axis Bank Limited | 8.89% | up 0.34 pts | ₹703 Cr | up ₹38.1 Cr | Added |
| State Bank of India | 5.72% | up 0.08 pts | ₹452 Cr | up ₹13.9 Cr | Added |
| Kotak Mahindra Bank Limited | 3.80% | up 0.20 pts | ₹301 Cr | up ₹20.9 Cr | Added |
| Bajaj Finserv Limited | 3.26% | down 0.07 pts | ₹258 Cr | down ₹1 Cr | Held |
| SBI Cards and Payment Services Limited | 3.17% | down 0.13 pts | ₹251 Cr | down ₹6 Cr | Trimmed |
| IndusInd Bank Limited | 2.78% | down 0.04 pts | ₹220 Cr | up ₹90 L | Held |
| HDFC Asset Management Company Limited | 2.54% | up 0.30 pts | ₹201 Cr | up ₹26.6 Cr | Added |
| Aye Finance Limited | 2.46% | up 0.45 pts | ₹195 Cr | up ₹38.3 Cr | Added |
| Cholamandalam Financial Holdings Limited | 2.40% | down 0.12 pts | ₹190 Cr | down ₹6.2 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 2.37% | up 0.46 pts | ₹187 Cr | up ₹39 Cr | Added |
| Max Financial Services Limited | 2.22% | up 0.07 pts | ₹176 Cr | up ₹8.3 Cr | Added |
| PNB Housing Finance Limited | 2.02% | up 0.41 pts | ₹160 Cr | up ₹34.4 Cr | Added |
| Star Health And Allied Insurance Company Limited | 2.02% | down 0.16 pts | ₹160 Cr | down ₹9.3 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 2.02% | down 0.07 pts | ₹159 Cr | down ₹2.7 Cr | Trimmed |
| KFin Technologies Limited | 1.77% | up 0.09 pts | ₹140 Cr | up ₹9.3 Cr | Added |
| Union Bank of India | 1.76% | up 1.38 pts | ₹139 Cr | up ₹110 Cr | Added |
| AU Small Finance Bank Limited | 1.74% | up 0.03 pts | ₹137 Cr | up ₹4.9 Cr | Added |
| One 97 Communications Limited | 1.69% | up 0.34 pts | ₹134 Cr | up ₹29.1 Cr | Added |
| Bajaj Finance Limited | 1.67% | down 0.16 pts | ₹132 Cr | down ₹10.5 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.66% | down 1.56 pts | ₹131 Cr | down ₹119 Cr | Trimmed |
| Pine Labs Limited | 1.60% | up 0.22 pts | ₹126 Cr | up ₹19.3 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.52% | down 0.02 pts | ₹120 Cr | up ₹38 L | Held |
| L&T Finance Limited | 1.49% | up 0.02 pts | ₹118 Cr | up ₹3.6 Cr | Added |
| Cash, TREPS & receivables | 1.46% | down 0.20 pts | ₹116 Cr | down ₹13.4 Cr | Trimmed |
| DDB DEWAN HSG FINANCE CORPORATION LTD Piramal Finance Limited · history in this fund | 1.46% | up 0.13 pts | ₹115 Cr | up ₹12.3 Cr | Added |
| Angel One Limited | 1.42% | down 0.08 pts | ₹112 Cr | down ₹4.3 Cr | Trimmed |
| ICICI Prudential Asset Management Company Limited | 1.41% | down 0.25 pts | ₹112 Cr | down ₹17.4 Cr | Trimmed |
| Life Insurance Corporation Of India | 1.26% | up 1.26 pts | ₹99.7 Cr | up ₹99.7 Cr | New |
| Sundaram Finance Limited | 1.18% | down 0.05 pts | ₹93.5 Cr | down ₹2.6 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.12% | down 0.03 pts | ₹88.3 Cr | down ₹84 L | Trimmed |
| Aptus Value Housing Finance India Limited | 1.07% | down 0.07 pts | ₹84.8 Cr | down ₹4.2 Cr | Trimmed |
| UTI Asset Management Company Limited | 0.92% | down 0.18 pts | ₹72.5 Cr | down ₹12.6 Cr | Trimmed |
| Poonawalla Fincorp Limited | 0.78% | down 0.01 pts | ₹61.6 Cr | up ₹3 L | Held |
| Aavas Financiers Limited | 0.64% | down 0.06 pts | ₹50.5 Cr | down ₹3.9 Cr | Trimmed |
| Seshaasai Technologies Limited | 0.52% | up 0.05 pts | ₹41.4 Cr | up ₹4.3 Cr | Added |
| Gaja Alternative Asset Management Ltd | 0.37% | up 0.37 pts | ₹29.2 Cr | up ₹29.2 Cr | New |
What changed, Jul 2026 to Aug 2026
New New positions (2)
- Life Insurance Corporation Of India1.3% · ₹99.7 Cr
- Gaja Alternative Asset Management Ltd0.4% · ₹29.2 Cr
Exited Exited (3)
- Power Finance Corporation Limitedwas 0.9% · ₹67.9 Cr
- ICICI Lombard General Insurance Company Limitedwas 0.7% · ₹55.9 Cr
- HDB Financial Services Limitedwas 0.1% · ₹7.4 Cr
Added Biggest additions
- Union Bank of Indiaup ₹110 Cr (+1.38% 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 2026, the weight rose most in Capital Markets (+0.7 pts) and Financial Technology (fintech) (+0.6 pts), and fell most in Insurance (−1.2 pts) and Finance (−0.7 pts).
- Capital Markets10.3% → 11.0%+0.7 pts
- Financial Technology (fintech)3.3% → 3.9%+0.6 pts
- Banks52.7% → 53.3%+0.6 pts
- Insurance11.1% → 9.9%−1.2 pts
- Finance22.6% → 21.9%−0.7 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 2023 | Aug 2025 | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|---|
| Banks | 69.6% | 63.3% | 59.5% | 50.9% | 52.7% | 53.3% |
| Finance | 16.4% | 16.4% | 18.7% | 22.4% | 22.6% | 21.9% |
| Capital Markets | 6.2% | 7.9% | 10.2% | 11.9% | 10.3% | 11.0% |
| Insurance | 7.8% | 11.1% | 10.5% | 12.0% | 11.1% | 9.9% |
| Financial Technology (fintech) | — | 1.3% | 1.1% | 2.8% | 3.3% | 3.9% |
Allocation in Aug 2026change vs Jul 2026
- Banks (9)53.3%▲ 0.6 pts
- Finance (12)21.9%▼ 0.7 pts
- Capital Markets (7)11.0%▲ 0.7 pts
- Insurance (6)9.9%
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 2026
1.5%
▼ 0.2 pts vs Jul 2026
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 1.8%
- Aug 2025 · now ▼ 0.3 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.