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Sectoral / Thematic · UTI Mutual Fund · AMFI code 102401UTI - Banking and Financial Services Fund
Disclosed for 95 months, Jul 2017 to Sep 2026.
Portfolio value
₹912 Cr
down ₹18.9 Cr vs Jul 2023
UTI - Banking and Financial Services Fund is an active equity fund in the Sectoral / Thematic category from UTI Mutual Fund. In August 2023 it disclosed 27 stocks worth ₹912 Cr, down ₹18.9 Cr from Jul 2023. Its largest positions were HDFC Bank Limited (19.3%), ICICI Bank Limited (17.0%), Axis Bank Limited (8.1%); the ten largest together made up 70.1% of the portfolio, and Banks was the biggest sector at 66.3% of its equity. Cash and debt stood at 2.8%. Compared with Jul 2023 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
11%
Holds more stocks than 11% of peers
Cash
38%
Holds more cash than 38% of peers
What these mean: concentration · cash
Holdings in August 2023
Download CSVEvery line the fund disclosed, with the change against Jul 2023. 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 | 19.27% | down 0.57 pts | ₹176 Cr | down ₹8.9 Cr | Trimmed |
| ICICI Bank Limited | 17.03% | down 0.34 pts | ₹155 Cr | down ₹6.4 Cr | Trimmed |
| Axis Bank Limited | 8.12% | down 0.19 pts | ₹74 Cr | down ₹3.3 Cr | Trimmed |
| State Bank of India | 3.99% | down 0.33 pts | ₹36.3 Cr | down ₹3.8 Cr | Trimmed |
| SBI Life Insurance Company Limited | 3.91% | up 0.51 pts | ₹35.6 Cr | up ₹4 Cr | Added |
| IndusInd Bank Limited | 3.81% | down 0.03 pts | ₹34.7 Cr | down ₹100 L | Trimmed |
| Bajaj Finance Limited | 3.74% | up 0.36 pts | ₹34.1 Cr | up ₹2.6 Cr | Added |
| Max Financial Services Limited | 3.62% | up 0.53 pts | ₹33 Cr | up ₹4.2 Cr | Added |
| Kotak Mahindra Bank Limited | 3.47% | down 0.12 pts | ₹31.7 Cr | down ₹1.8 Cr | Trimmed |
| Karur Vysya Bank Limited | 3.13% | up <0.01 pts | ₹28.5 Cr | down ₹56 L | Trimmed |
| Cholamandalam Investment and Finance Company Limited | 2.92% | up 0.49 pts | ₹26.6 Cr | up ₹4 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 2.68% | up 0.17 pts | ₹24.4 Cr | up ₹1.1 Cr | Added |
| Cash, TREPS & receivables | 2.63% | up 1.27 pts | ₹24 Cr | up ₹11.3 Cr | Added |
| Equitas Small Finance Bank Limited | 2.62% | up 0.55 pts | ₹23.9 Cr | up ₹4.7 Cr | Added |
| Aavas Financiers Limited | 2.16% | up 0.15 pts | ₹19.7 Cr | up ₹1 Cr | Added |
| Star Health And Allied Insurance Company Limited | 2.16% | up 0.04 pts | ₹19.7 Cr | down ₹1 L | Held |
| PB Fintech Limited | 2.05% | up 0.15 pts | ₹18.7 Cr | up ₹1 Cr | Added |
| Indian Bank | 1.97% | down 0.32 pts | ₹17.9 Cr | down ₹3.3 Cr | Trimmed |
| Can Fin Homes Limited | 1.90% | up 0.04 pts | ₹17.4 Cr | down ₹0 L | Held |
| ICICI Lombard General Insurance Company Limited | 1.80% | down 0.06 pts | ₹16.4 Cr | down ₹90 L | Trimmed |
| KFin Technologies Limited | 1.34% | up 0.21 pts | ₹12.2 Cr | up ₹1.7 Cr | Added |
| Nippon Life India Asset Management Limited | 1.34% | up 0.01 pts | ₹12.2 Cr | down ₹17 L | Trimmed |
| CreditAccess Grameen Limited | 1.32% | down 0.01 pts | ₹12 Cr | down ₹35 L | Trimmed |
| Bajaj Finserv Limited | 1.17% | down 0.06 pts | ₹10.7 Cr | down ₹78 L | Trimmed |
| SBI Cards and Payment Services Limited | 0.68% | down 1.49 pts | ₹6.2 Cr | down ₹14 Cr | Trimmed |
| The Federal Bank Limited | 0.53% | up 0.04 pts | ₹4.8 Cr | up ₹28 L | Added |
| DCB Bank Limited | 0.51% | down 0.01 pts | ₹4.7 Cr | down ₹23 L | Trimmed |
| 364 DAYS T-BILL 2024 Debt | 0.12% | up <0.01 pts | ₹1.1 Cr | up ₹1 L | Held |
| HDFC Asset Management Company Limited | <0.01% | down 1.00 pts | ₹0 L | down ₹9.3 Cr | Trimmed |
What changed, Jul 2023 to Aug 2023
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Equitas Small Finance Bank Limitedup ₹4.7 Cr (+0.55% pts)
- Max Financial Services Limitedup ₹4.2 Cr (+0.53% pts)
- SBI Life Insurance Company Limitedup ₹4 Cr (+0.51% pts)
- Cholamandalam Investment and Finance Company Limitedup ₹4 Cr (+0.49% pts)
- Bajaj Finance 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 Jul 2023, the weight rose most in Insurance (+1.2 pts) and Financial Technology (fintech) (+0.2 pts), and fell most in Capital Markets (−0.8 pts) and Banks (−0.5 pts).
- Insurance10.6% → 11.8%+1.2 pts
- Financial Technology (fintech)1.9% → 2.1%+0.2 pts
- Capital Markets3.5% → 2.8%−0.8 pts
- Banks66.7% → 66.3%−0.5 pts
- Finance17.2% → 17.0%−0.1 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 2020 | Jul 2022 | Feb 2023 | May 2023 | Jul 2023 | Aug 2023 |
|---|---|---|---|---|---|---|
| Banks | 71.6% | 71.4% | 69.7% | 67.2% | 66.7% | 66.3% |
| Finance | 17.2% | 17.8% | 17.4% | 21.0% | 17.2% | 17.0% |
| Insurance | 5.7% | 8.4% | 7.7% | 8.2% | 10.6% | 11.8% |
| Capital Markets | 5.5% | 1.7% | 3.5% | 1.9% | 3.5% | 2.8% |
| Financial Technology (fintech) | — | 0.6% | 1.7% | 1.7% | 1.9% | 2.1% |
Allocation in Aug 2023change vs Jul 2023
- Banks (11)66.3%▼ 0.5 pts
- Finance (8)17.0%▼ 0.1 pts
- Insurance (4)11.8%▲ 1.2 pts
- Capital Markets (3)2.8%
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 2023
2.8%
▲ 1.3 pts vs Jul 2023
- Cash alone
- 2.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.1% – 3.1%
- lowest to highest · record 5.7% in Jul 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.