Mirae Asset Banking and Financial Services Fund

Mirae Asset Mutual FundThematicPortfolio as of 31 July 2026

Mirae Asset Banking and Financial Services Fund holds 34 instruments (98.17% equity), led by HDFC Bank Limited (14.51%), ICICI Bank Limited (14.1%) and State Bank of India (8.79%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
34
Equity Allocation
98.17%
AMC
Mirae Asset Mutual Fund
Category
Thematic

This page shows the complete disclosed portfolio of Mirae Asset Banking and Financial Services Fund, managed by Mirae Asset Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 34 instruments with an equity allocation of 98.17%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

Mirae Asset Banking and Financial Services Fund's top 10 holdings account for 64.97% of its portfolio, more concentrated than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 98.17% of net assets, spread across 1 sector in total. Since its 30 June 2026 disclosure, the fund added 0 new positions and exited 0 positions, with PB Fintech Limited seeing the largest move (+0.98pp to 2.43%).

Top 10 Equity Holdings

HDFC Bank Limited · 14.51%ICICI Bank Limited · 14.1%State Bank of India · 8.79%Axis Bank Limited · 7.6%Kotak Mahindra Bank Limited · 4%Bajaj Finance Limited · 3.79%SBI Life Insurance Company Limited · 3.23%Aditya Birla Capital Limited · 3.18%L&T Finance Limited · 3.01%The Federal Bank Limited · 2.76%

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.

9 increased10 reduced

Biggest Weight Increases

StockWeightChange
PB Fintech Limited1.45% → 2.43%▲ +0.98
IndusInd Bank Limited0.96% → 1.68%▲ +0.72
ICICI Bank Limited13.51% → 14.1%▲ +0.59
Equitas Small Finance Bank Limited1.51% → 2.09%▲ +0.58
Crisil Limited1.25% → 1.8%▲ +0.55
Kfin Technologies Limited1.47% → 1.99%▲ +0.52
Bajaj Finance Limited3.34% → 3.79%▲ +0.45
Karur Vysya Bank Limited2.28% → 2.64%▲ +0.36
SBI Life Insurance Company Limited3.04% → 3.23%▲ +0.19

Biggest Weight Reductions

StockWeightChange
HDFC Bank Limited15.49% → 14.51%▼ -0.98
Axis Bank Limited8.32% → 7.6%▼ -0.72
Kotak Mahindra Bank Limited4.71% → 4%▼ -0.71
Aadhar Housing Finance Limited1.03% → 0.53%▼ -0.5
Billionbrains Garage Ventures Limited1.49% → 1.01%▼ -0.48
Go Digit General Insurance Limited1.48% → 1.17%▼ -0.31
The Federal Bank Limited3.04% → 2.76%▼ -0.28
Multi Commodity Exchange of India Limited1.14% → 0.91%▼ -0.23
HDB Financial Services Limited2.51% → 2.29%▼ -0.22
Pine Labs Limited1.37% → 1.21%▼ -0.16

Top Holdings — Weight Trend

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

HDFC Bank Limited
Feb: 16.5%, Mar: 15.64%, Apr: 15.88%, May: 15.52%, Jun: 15.49%, Jul: 14.51%
14.51%
ICICI Bank Limited
Feb: 13.75%, Mar: 13.83%, Apr: 13.16%, May: 13.26%, Jun: 13.51%, Jul: 14.1%
14.1%
State Bank of India
Feb: 10.43%, Mar: 9.78%, Apr: 9.7%, May: 8.86%, Jun: 8.79%, Jul: 8.79%
8.79%
Axis Bank Limited
Feb: 8.38%, Mar: 8.38%, Apr: 8.32%, May: 8.54%, Jun: 8.32%, Jul: 7.6%
7.6%
Kotak Mahindra Bank Limited
Feb: 3.96%, Mar: 3.87%, Apr: 3.82%, May: 3.87%, Jun: 4.71%, Jul: 4%
4%

Full Portfolio (34 holdings)

#HoldingSector% to NAV
1HDFC Bank LimitedFinancial Services14.51%
2ICICI Bank LimitedFinancial Services14.1%
3State Bank of IndiaFinancial Services8.79%
4Axis Bank LimitedFinancial Services7.6%
5Kotak Mahindra Bank LimitedFinancial Services4%
6Bajaj Finance LimitedFinancial Services3.79%
7SBI Life Insurance Company LimitedFinancial Services3.23%
8Aditya Birla Capital LimitedFinancial Services3.18%
9L&T Finance LimitedFinancial Services3.01%
10The Federal Bank LimitedFinancial Services2.76%
11Karur Vysya Bank LimitedFinancial Services2.64%
12PB Fintech LimitedFinancial Services2.43%
13HDB Financial Services LimitedFinancial Services2.29%
14Shriram Finance LimitedFinancial Services2.13%
15Equitas Small Finance Bank LimitedFinancial Services2.09%
16Canara HSBC Life Insurance Company LimitedFinancial Services2%
17Kfin Technologies LimitedFinancial Services1.99%
18Home First Finance Company India LimitedFinancial Services1.93%
19Crisil LimitedFinancial Services1.8%
20TREPStreps—1.79%
21Central Depository Services (India) LimitedFinancial Services1.73%
22IndusInd Bank LimitedFinancial Services1.68%
23DCB Bank LimitedFinancial Services1.53%
24CARE Ratings LimitedFinancial Services1.29%
25Power Finance Corporation LimitedFinancial Services1.29%
26Pine Labs LimitedFinancial Services1.21%
27Go Digit General Insurance LimitedFinancial Services1.17%
28Billionbrains Garage Ventures LimitedFinancial Services1.01%
29General Insurance Corporation of IndiaFinancial Services0.91%
30Multi Commodity Exchange of India LimitedFinancial Services0.91%
31Aadhar Housing Finance LimitedFinancial Services0.53%
32Cholamandalam Financial Holdings LimitedFinancial Services0.32%
33BSE LimitedFinancial Services0.32%
34Net Receivables / (Payables)other—0.03%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 14.51% of Mirae Asset Banking and Financial Services Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 14.1% of Mirae Asset Banking and Financial Services Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, State Bank of India is 8.79% of Mirae Asset Banking and Financial Services Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 7.6% of Mirae Asset Banking and Financial Services Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, Kotak Mahindra Bank Limited is 4% of Mirae Asset 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: Mirae Asset 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.