Aditya Birla Sun Life Banking & Financial Services Fund
The fund maintains a fortress-like positioning in banking and financial services with over 80% allocated to banks and traditional finance, betting heavily on domestic credit growth and interest margin expansion. The top five holdings represent nearly half the portfolio, signaling conviction in large-cap banking franchises like ICICI and HDFC, though this concentration brings significant single-stock risk. Recent nibbles into small-finance banking and wealth management suggest the manager is cautiously diversifying within the sector rather than fundamentally shifting stance.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹67.4400 | -1.72% | — | — | — | — | — |
| Regular Growth | ₹59.6700 | -1.79% | -7.62% | -6.63% | +0.86% | +12.47% | +12.51% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Home First Finance Company India Limited | 1.17% |
| 360 ONE WAM Ltd | 0.34% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 13.26% |
| 2 | HDFC Bank Limited INE040A01034 | 11.79% |
| 3 | Axis Bank Limited INE238A01034 | 8.25% |
| 4 | State Bank of India INE062A01020 | 5.79% |
| 5 | Bajaj Finance Limited INE296A01032 | 5.66% |
| 6 | Shriram Finance Ltd INE721A01047 | 4.99% |
| 7 | AU Small Finance Bank Limited INE949L01017 | 3.86% |
| 8 | Kotak Mahindra Bank Limited INE237A01036 | 3.84% |
| 9 | ICICI Lombard General Insurance Company Limited INE765G01017 | 2.81% |
| 10 | Bank of Maharashtra INE457A01014 | 2.78% |
| 11 | SBI Life Insurance Company Limited INE123W01016 | 2.74% |
| 12 | PNB Housing Finance Limited INE572E01012 | 2.71% |
| 13 | PB Fintech Limited INE417T01026 | 2.65% |
| 14 | Billionbrains Garage Ventures Ltd INE0HOQ01053 | 2.23% |
| 15 | City Union Bank Limited INE491A01021 | 2.16% |
| 16 | Tata Capital Limited INE976I01016 | 2.13% |
| 17 | Aptus Value Housing Finance India Ltd INE852O01025 | 1.94% |
| 18 | ICICI Prudential Mutual Fund INE346A01027 | 1.78% |
| 19 | HDB Financial Services Limited INE756I01012 | 1.49% |
| 20 | Cholamandalam Financial Holdings Limited INE149A01033 | 1.40% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.