LIC MF BANKING AND FINANCIAL SERVICES FUND

LIC Mutual FundThematicPortfolio as of 31 July 2026

LIC MF BANKING AND FINANCIAL SERVICES FUND holds 27 instruments (97.97% equity), led by ICICI Bank Limited (14.04%), Axis Bank Limited (8.9%) and HDFC Bank Limited (8.22%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
27
Equity Allocation
97.97%
AMC
LIC Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of LIC MF BANKING AND FINANCIAL SERVICES FUND, managed by LIC Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 27 instruments with an equity allocation of 97.97%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

LIC MF BANKING AND FINANCIAL SERVICES FUND's top 10 holdings account for 61.5% of its portfolio, more concentrated than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 97.97% of net assets, spread across 1 sector in total. Since its 30 June 2026 disclosure, the fund added 0 new positions and exited 2 positions, with IndusInd Bank Limited seeing the largest move (+1.45pp to 4.93%).

Top 10 Equity Holdings

ICICI Bank Limited · 14.04%Axis Bank Limited · 8.9%HDFC Bank Limited · 8.22%AU Small Finance Bank Limited · 5.76%Bajaj Finance Limited · 5.49%IndusInd Bank Limited · 4.93%PB Fintech Limited · 3.68%BSE Limited · 3.68%Karur Vysya Bank Limited · 3.41%Nippon Life India Asset Management Limited · 3.39%

What Changed: June 2026 → July 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.

2 exits10 increased6 reduced

Complete Exits

MAS Financial Services Limited · was 2.29%Multi Commodity Exchange of India Limited · was 1.28%

Biggest Weight Increases

StockWeightChange
IndusInd Bank Limited3.48% → 4.93%▲ +1.45
Shriram Finance Limited1.85% → 3.08%▲ +1.23
City Union Bank Limited2.07% → 3%▲ +0.93
Aditya Birla Capital Limited2.14% → 3.05%▲ +0.91
Bajaj Finance Limited4.6% → 5.49%▲ +0.89
BSE Limited2.91% → 3.68%▲ +0.77
PB Fintech Limited3.03% → 3.68%▲ +0.65
ICICI Bank Limited13.49% → 14.04%▲ +0.55
One 97 Communications Limited2.67% → 3.14%▲ +0.47
Karur Vysya Bank Limited2.96% → 3.41%▲ +0.45

Biggest Weight Reductions

StockWeightChange
Axis Bank Limited9.76% → 8.9%▼ -0.86
HDFC Bank Limited8.79% → 8.22%▼ -0.57
Aditya Birla Sun Life AMC Limited2.61% → 2.28%▼ -0.33
Motilal Oswal Financial Services Limited2.45% → 2.19%▼ -0.26
Aavas Financiers Limited2.26% → 2.02%▼ -0.24
Max Financial Services Limited1.89% → 1.78%▼ -0.11

Top Holdings — Weight Trend

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

ICICI Bank Limited
Feb: 12.62%, Mar: 12.79%, Apr: 12.25%, May: 12.94%, Jun: 13.49%, Jul: 14.04%
14.04%
Axis Bank Limited
Feb: 8.44%, Mar: 8.21%, Apr: 8.19%, May: 10.25%, Jun: 9.76%, Jul: 8.9%
8.9%
HDFC Bank Limited
Feb: 16.56%, Mar: 15.81%, Apr: 15.24%, May: 10.6%, Jun: 8.79%, Jul: 8.22%
8.22%
AU Small Finance Bank Limited
Feb: 0.26%, Mar: 0.26%, Apr: 0.29%, May: 5.45%, Jun: 5.47%, Jul: 5.76%
5.76%
Bajaj Finance Limited
Feb: 1.53%, Mar: 2.29%, Apr: 2.44%, May: 4.37%, Jun: 4.6%, Jul: 5.49%
5.49%

Full Portfolio (27 holdings)

#HoldingSector% to NAV
1ICICI Bank LimitedFinancial Services14.04%
2Axis Bank LimitedFinancial Services8.9%
3HDFC Bank LimitedFinancial Services8.22%
4AU Small Finance Bank LimitedFinancial Services5.76%
5Bajaj Finance LimitedFinancial Services5.49%
6IndusInd Bank LimitedFinancial Services4.93%
7PB Fintech LimitedFinancial Services3.68%
8BSE LimitedFinancial Services3.68%
9Karur Vysya Bank LimitedFinancial Services3.41%
10Nippon Life India Asset Management LimitedFinancial Services3.39%
11CREDITACCESS GRAMEEN LIMITEDFinancial Services3.21%
12One 97 Communications LimitedFinancial Services3.14%
13Shriram Finance LimitedFinancial Services3.08%
14Aditya Birla Capital LimitedFinancial Services3.05%
15City Union Bank LimitedFinancial Services3%
16Power Finance Corporation LimitedFinancial Services2.59%
17Ujjivan Small Finance Bank LimitedFinancial Services2.39%
18Aditya Birla Sun Life AMC LimitedFinancial Services2.28%
19Motilal Oswal Financial Services LimitedFinancial Services2.19%
20Aadhar Housing Finance LimitedFinancial Services2.18%
21TREPStreps—2.15%
22Aavas Financiers LimitedFinancial Services2.02%
23SBI Life Insurance Company LimitedFinancial Services1.99%
24DCB Bank LimitedFinancial Services1.83%
25Max Financial Services LimitedFinancial Services1.78%
26360 ONE WAM LIMITEDFinancial Services1.74%
27Net Receivables / (Payables)other—-0.12%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 14.04% of LIC MF BANKING AND FINANCIAL SERVICES FUND's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 8.9% of LIC MF BANKING AND FINANCIAL SERVICES FUND's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 8.22% of LIC MF BANKING AND FINANCIAL SERVICES FUND's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, AU Small Finance Bank Limited is 5.76% of LIC MF BANKING AND FINANCIAL SERVICES FUND's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, Bajaj Finance Limited is 5.49% of LIC MF BANKING AND 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: LIC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.