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Nippon India Banking Fund
Disclosed for 20 months, Sep 2019 to Apr 2021. This scheme is no longer reporting.Published as: NIPPON INDIA BANKING FUND (An open ended equity scheme investing in Banking sector)
Portfolio value
₹1,699 Cr
down ₹1,098 Cr vs Feb 2020
- Stocks held
- 26
- up 2 vs Feb 2020
- Top 10 weight
- 71.3%
- of the portfolio in its ten largest
- Cash & debt
- 6.2%
- cash, money market and debt
- Moves this month
Nippon India Banking Fund is an active equity fund in the Sectoral / Thematic category from Nippon India Mutual Fund. In March 2020 it disclosed 26 stocks worth ₹1,699 Cr, down ₹1,098 Cr from Feb 2020. Its largest positions were ICICI Bank Limited (15.5%), HDFC Bank Limited (13.7%), State Bank of India (11.6%); the ten largest together made up 71.3% of the portfolio, and Banks was the biggest sector at 70.1% of its equity. Cash and debt stood at 6.2%. Compared with Feb 2020 the fund entered 2 new stocks and exited 0.
Against 230 other Sectoral / Thematic funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
10%
Holds more stocks than 10% of peers
Cash
79%
Holds more cash than 79% of peers
What these mean: concentration · cash
Holdings in March 2020
Download CSVEvery line the fund disclosed, with the change against Feb 2020. 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 | 15.53% | down 0.56 pts | ₹264 Cr | down ₹186 Cr | Trimmed |
| HDFC Bank Limited | 13.69% | up 1.91 pts | ₹233 Cr | down ₹97 Cr | Trimmed |
| State Bank of India | 11.62% | up 1.30 pts | ₹197 Cr | down ₹91.3 Cr | Trimmed |
| Cash, TREPS & receivables | 6.23% | up 3.58 pts | ₹106 Cr | up ₹31.8 Cr | Added |
| Axis Bank Limited | 5.36% | down 0.88 pts | ₹91.2 Cr | down ₹83.5 Cr | Trimmed |
| Bajaj Finance Limited | 4.91% | up 2.89 pts | ₹83.5 Cr | up ₹26.9 Cr | Added |
| Bajaj Finserv Limited | 4.81% | down 2.31 pts | ₹81.7 Cr | down ₹118 Cr | Trimmed |
| The Federal Bank Limited | 4.75% | down 1.29 pts | ₹80.7 Cr | down ₹88.2 Cr | Trimmed |
| Bank of Baroda | 4.53% | down 0.21 pts | ₹76.9 Cr | down ₹55.6 Cr | Trimmed |
| RBL Bank Limited | 3.42% | down 1.04 pts | ₹58.1 Cr | down ₹66.7 Cr | Trimmed |
| Max Financial Services Limited | 2.64% | down 0.59 pts | ₹44.8 Cr | down ₹45.5 Cr | Trimmed |
| Motilal Oswal Financial Services Limited | 2.60% | up 0.23 pts | ₹44.2 Cr | down ₹22 Cr | Trimmed |
| Canara Bank | 2.57% | up 0.09 pts | ₹43.7 Cr | down ₹25.7 Cr | Trimmed |
| IndusInd Bank Limited | 2.42% | down 0.22 pts | ₹41.1 Cr | down ₹32.8 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 1.81% | down 2.43 pts | ₹30.7 Cr | down ₹87.9 Cr | Trimmed |
| Can Fin Homes Limited | 1.81% | up 0.28 pts | ₹30.7 Cr | down ₹11.9 Cr | Trimmed |
| Power Finance Corporation Limited | 1.62% | up 0.45 pts | ₹27.6 Cr | down ₹5.3 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.59% | up 0.31 pts | ₹27 Cr | down ₹8.8 Cr | Trimmed |
| CreditAccess Grameen Limited | 1.29% | down 0.67 pts | ₹21.9 Cr | down ₹32.8 Cr | Trimmed |
| Muthoot Finance Limited | 1.25% | up 0.16 pts | ₹21.3 Cr | down ₹9.3 Cr | Trimmed |
| LIC Housing Finance Limited | 1.18% | up 0.20 pts | ₹20 Cr | down ₹7.2 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.03% | down 1.20 pts | ₹17.4 Cr | down ₹44.9 Cr | Trimmed |
| PNB Housing Finance Limited | 1.03% | down 0.36 pts | ₹17.4 Cr | down ₹21.3 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 0.80% | up 0.80 pts | ₹13.5 Cr | up ₹13.5 Cr | New |
| Karur Vysya Bank Limited | 0.77% | down 0.20 pts | ₹13.1 Cr | down ₹14 Cr | Trimmed |
| Poonawalla Fincorp Limited | 0.63% | down 0.35 pts | ₹10.6 Cr | down ₹16.6 Cr | Trimmed |
| General Insurance Corporation of India | 0.12% | up 0.12 pts | ₹2 Cr | up ₹2 Cr | New |
What changed, Feb 2020 to Mar 2020
New New positions (2)
- Cholamandalam Investment and Finance Company Limited0.8% · ₹13.5 Cr
- General Insurance Corporation of India0.1% · ₹2 Cr
Exited Exited (0)
None.
Added Biggest additions
- Bajaj Finance Limitedup ₹26.9 Cr (+2.89% pts)
Trimmed Biggest reductions
- ICICI Bank Limiteddown ₹186 Cr (−0.56% pts)
- Bajaj Finserv 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 Feb 2020, the weight rose most in Capital Markets (+0.3 pts) and Banks (+0.2 pts), and fell most in Finance (−0.5 pts).
- Capital Markets2.4% → 2.8%+0.3 pts
- Banks69.9% → 70.1%+0.2 pts
- Finance23.1% → 22.5%−0.5 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 | Sep 2019 | Dec 2019 | Feb 2020 | Mar 2020 |
|---|---|---|---|---|
| Banks | 70.9% | 71.5% | 69.9% | 70.1% |
| Finance | 23.2% | 21.3% | 23.1% | 22.5% |
| Insurance | 5.1% | 4.6% | 4.6% | 4.6% |
| Capital Markets | 0.9% | 2.6% | 2.4% | 2.8% |
Allocation in Mar 2020change vs Feb 2020
- Banks (11)70.1%▲ 0.2 pts
- Finance (11)22.5%▼ 0.5 pts
- Insurance (3)4.6%
- Capital Markets (1)2.8%▲ 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, Mar 2020
6.2%
▲ 3.6 pts vs Feb 2020
- Cash alone
- 6.2%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.6% – 6.2%
- lowest to highest · record 6.2% in Mar 2020
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.