DSP Banking & Financial Services Fund

DSP Mutual FundThematicPortfolio as of 30 September 2026

DSP Banking & Financial Services Fund holds 37 instruments (98.53% equity), led by ICICI Bank Limited (9.7%), HDFC Bank Limited (6.07%) and Axis Bank Limited (5.7%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings
37
Equity Allocation
98.53%
AMC
DSP Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of DSP Banking & Financial Services Fund, managed by DSP Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 37 instruments with an equity allocation of 98.53%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

DSP Banking & Financial Services Fund's top 10 holdings account for 53.43% of its portfolio, more concentrated than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 98.53% of net assets, spread across 1 sector in total. Since its 31 August 2026 disclosure, the fund added 1 new position and exited 0 positions, with HDFC Bank Limited seeing the largest move (+2.31pp to 6.07%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services
98.53%
Other
1.47%

Top 10 Equity Holdings

What Changed: August 2026 → September 2026

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.

1 new entry7 increased9 reduced

Biggest Weight Increases

StockWeightChange
HDFC Bank Limited3.76% → 6.07%▲ +2.31
Ujjivan Small Finance Bank Limited4.2% → 4.57%▲ +0.37
Kotak Mahindra Bank Limited4.34% → 4.63%▲ +0.29
City Union Bank Limited3.75% → 3.97%▲ +0.22
SBI Life Insurance Company Limited3.7% → 3.87%▲ +0.17
Multi Commodity Exchange of India Limited3.27% → 3.41%▲ +0.14
PNB Housing Finance Limited2.52% → 2.64%▲ +0.12

Biggest Weight Reductions

StockWeightChange
PB Fintech Limited4.95% → 3.01%▼ -1.94
Axis Bank Limited7.14% → 5.7%▼ -1.44
Cholamandalam Investment and Finance Company Limited5.51% → 5.16%▼ -0.35
Nippon Life India Asset Management Limited0.98% → 0.67%▼ -0.31
ICICI Bank Limited9.94% → 9.7%▼ -0.24
Shriram Finance Limited4.7% → 4.47%▼ -0.23
Prudent Corporate Advisory Services Limited1.54% → 1.4%▼ -0.14
State Bank of India4.77% → 4.63%▼ -0.14
Bajaj Finance Limited4.44% → 4.32%▼ -0.12

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).

Apr: 8.46%, May: 9.22%, Jun: 10.2%, Jul: 10.3%, Aug: 9.94%, Sept: 9.7%
9.7%
Apr: 3.86%, May: 4.61%, Jun: 4.6%, Jul: 4.17%, Aug: 3.76%, Sept: 6.07%
6.07%
Apr: 8.02%, May: 7.95%, Jun: 8.03%, Jul: 7.09%, Aug: 7.14%, Sept: 5.7%
5.7%
Apr: 5.22%, May: 5.02%, Jun: 5.77%, Jul: 5.76%, Aug: 5.51%, Sept: 5.16%
5.16%
Apr: 5.23%, May: 5.06%, Jun: 5.01%, Jul: 4.85%, Aug: 4.77%, Sept: 4.63%
4.63%

Full Portfolio (37 holdings)

#HoldingSector% to NAV
1ICICI Bank LimitedFinancial Services9.7%
2HDFC Bank LimitedFinancial Services6.07%
3Axis Bank LimitedFinancial Services5.7%
4Cholamandalam Investment and Finance Company LimitedFinancial Services5.16%
5State Bank of IndiaFinancial Services4.63%
6Kotak Mahindra Bank LimitedFinancial Services4.63%
7Ujjivan Small Finance Bank LimitedFinancial Services4.57%
8Shriram Finance LimitedFinancial Services4.47%
9Bajaj Finance LimitedFinancial Services4.32%
10Max Financial Services LimitedFinancial Services4.18%
11Canara HSBC Life Insurance Company LimitedFinancial Services4.13%
12City Union Bank LimitedFinancial Services3.97%
13SBI Life Insurance Company LimitedFinancial Services3.87%
14Aditya Birla Capital LimitedFinancial Services3.62%
15Multi Commodity Exchange of India LimitedFinancial Services3.41%
16Aadhar Housing Finance LimitedFinancial Services3.34%
17PB Fintech LimitedFinancial Services3.01%
18Karur Vysya Bank LimitedFinancial Services2.68%
19PNB Housing Finance LimitedFinancial Services2.64%
20Bank of MaharashtraFinancial Services2.51%
21Union Bank of IndiaFinancial Services2.46%
22TREPS / Reverse Repo Investmentstreps—1.63%
23Aditya Birla Sun Life AMC LimitedFinancial Services1.51%
24Bank of IndiaFinancial Services1.46%
25BSE LimitedFinancial Services1.42%
26Prudent Corporate Advisory Services LimitedFinancial Services1.4%
27NATIONAL STOCK EXCHANGE OF IFinancial Services0.97%
28Kfin Technologies LimitedFinancial Services0.86%
29Seshaasai Technologies LimitedFinancial Services0.69%
30Nippon Life India Asset Management LimitedFinancial Services0.67%
31Life Insurance Corporation Of IndiaFinancial Services0.26%
32Billionbrains Garage Ventures LimitedFinancial Services0.19%
33ICICI Prudential Asset Management Company LimitedFinancial Services0.02%
34Bajaj Finserv LimitedFinancial Services0.01%
35ICICI Lombard General Insurance Company LimitedFinancial Services0%
36Power Finance Corporation LimitedFinancial Services0%
37Net Receivables/Payablesother—-0.16%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 9.7% of DSP Banking & Financial Services Fund's net assets — its number 1 holding.
Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 6.07% of DSP Banking & Financial Services Fund's net assets — its number 2 holding.
Yes. As of its 30 September 2026 disclosure, Axis Bank Limited is 5.7% of DSP Banking & Financial Services Fund's net assets — its number 3 holding.
Yes. As of its 30 September 2026 disclosure, Cholamandalam Investment and Finance Company Limited is 5.16% of DSP Banking & Financial Services Fund's net assets — its number 4 holding.
Yes. As of its 30 September 2026 disclosure, State Bank of India is 4.63% of DSP Banking & Financial Services Fund's net assets — its number 5 holding.

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: DSP 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.