NIPPON INDIA BANKING & FINANCIAL SERVICES FUND holds 36 instruments (99.19% equity), led by HDFC Bank Limited (15.76%), ICICI Bank Limited (13.26%) and Axis Bank Limited (9%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of NIPPON INDIA BANKING & FINANCIAL SERVICES FUND, managed by Nippon India Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 36 instruments with an equity allocation of 99.19%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
NIPPON INDIA BANKING & FINANCIAL SERVICES FUND's top 10 holdings account for 61.07% of its portfolio, more concentrated than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 99.19% of net assets, spread across 1 sector in total. Since its 31 August 2026 disclosure, the fund added 0 new positions and exited 4 positions, with HDFC Bank Limited seeing the largest move (+3.5pp to 15.76%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| HDFC Bank Limited | 12.26% → 15.76% | ▲ +3.5 |
| HDFC Life Insurance Company Limited | 1.12% → 2.15% | ▲ +1.03 |
| Life Insurance Corporation Of India | 1.26% → 2.25% | ▲ +0.99 |
| ICICI Prudential Life Insurance Company Limited | 1.52% → 2.49% | ▲ +0.97 |
| Piramal Finance Limited | 1.46% → 1.93% | ▲ +0.47 |
| HDFC Asset Management Company Limited | 2.54% → 2.99% | ▲ +0.45 |
| Kotak Mahindra Bank Limited | 3.8% → 4.06% | ▲ +0.26 |
| PNB Housing Finance Limited | 2.02% → 2.27% | ▲ +0.25 |
| Pine Labs Limited | 1.6% → 1.8% | ▲ +0.2 |
| SBI Cards and Payment Services Limited | 3.17% → 3.36% | ▲ +0.19 |
| Stock | Weight | Change |
|---|---|---|
| Bajaj Finserv Limited | 3.26% → 2.35% | ▼ -0.91 |
| State Bank of India | 5.72% → 4.97% | ▼ -0.75 |
| ICICI Bank Limited | 13.58% → 13.26% | ▼ -0.32 |
| L&T Finance Limited | 1.49% → 1.32% | ▼ -0.17 |
| Aye Finance Limited | 2.46% → 2.3% | ▼ -0.16 |
| IndusInd Bank Limited | 2.78% → 2.65% | ▼ -0.13 |
| Kfin Technologies Limited | 1.77% → 1.65% | ▼ -0.12 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | HDFC Bank Limited | Financial Services | 15.76% |
| 2 | ICICI Bank Limited | Financial Services | 13.26% |
| 3 | Axis Bank Limited | Financial Services | 9% |
| 4 | State Bank of India | Financial Services | 4.97% |
| 5 | Kotak Mahindra Bank Limited | Financial Services | 4.06% |
| 6 | SBI Cards and Payment Services Limited | Financial Services | 3.36% |
| 7 | HDFC Asset Management Company Limited | Financial Services | 2.99% |
| 8 | IndusInd Bank Limited | Financial Services | 2.65% |
| 9 | Cholamandalam Financial Holdings Limited | Financial Services | 2.53% |
| 10 | ICICI Prudential Life Insurance Company Limited | Financial Services | 2.49% |
| 11 | Multi Commodity Exchange of India Limited | Financial Services | 2.47% |
| 12 | Bajaj Finserv Limited | Financial Services | 2.35% |
| 13 | Aye Finance Limited | Financial Services | 2.3% |
| 14 | PNB Housing Finance Limited | Financial Services | 2.27% |
| 15 | Max Financial Services Limited | Financial Services | 2.27% |
| 16 | Life Insurance Corporation Of India | Financial Services | 2.25% |
| 17 | HDFC Life Insurance Company Limited | Financial Services | 2.15% |
| 18 | Star Health and Allied Insurance Company Limited | Financial Services | 2.04% |
| 19 | Equitas Small Finance Bank Limited | Financial Services | 2.02% |
| 20 | Piramal Finance Limited | Financial Services | 1.93% |
| 21 | Pine Labs Limited | Financial Services | 1.8% |
| 22 | AU Small Finance Bank Limited | Financial Services | 1.73% |
| 23 | Union Bank of India | Financial Services | 1.71% |
| 24 | One 97 Communications Limited | Financial Services | 1.67% |
| 25 | Kfin Technologies Limited | Financial Services | 1.65% |
| 26 | Angel One Limited | Financial Services | 1.46% |
| 27 | L&T Finance Limited | Financial Services | 1.32% |
| 28 | Sundaram Finance Limited | Financial Services | 1.22% |
| 29 | Aptus Value Housing Finance India Limited | Financial Services | 1.08% |
| 30 | Triparty Repotreps | — | 0.95% |
| 31 | Poonawalla Fincorp Limited | Financial Services | 0.86% |
| 32 | Aavas Financiers Limited | Financial Services | 0.66% |
| 33 | Seshaasai Technologies Limited | Financial Services | 0.54% |
| 34 | GAJA ALTERNATIVE ASSET MANAG | Financial Services | 0.37% |
| 35 | Cash Margin - CCILother | — | 0.01% |
| 36 | Net Current Assetsother | — | -0.15% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: Nippon India Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.