Bajaj Finserv Banking and Financial Services Fund
The fund maintains a concentrated bet on India's banking oligopoly, with the big four lenders commanding nearly 44 percent and only 36 holdings overall. The manager is diversifying incrementally into smaller finance players and niche segments—evidenced by entry into small finance banking and housing finance—suggesting conviction that growth opportunities exist beyond the mega-cap leaders, though the portfolio remains structurally tilted toward systemic banks that benefit from credit expansion.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹9.3790 | -1.97% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Cholamandalam Investment and Finance Company Ltd | 1.04% |
| Equitas Small Finance Bank Limited | 0.84% |
| Repco Home Finance Limited | 0.70% |
| CRISIL Limited | 0.52% |
| Nuvama Wealth Management Limited | 0.34% |
| Five Star Business Finance Limited | 0.09% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 14.87% |
| 2 | ICICI Bank Limited INE090A01021 | 12.57% |
| 3 | Axis Bank Limited INE238A01034 | 8.81% |
| 4 | State Bank of India INE062A01020 | 8.13% |
| 5 | Kotak Mahindra Bank Limited INE237A01036 | 7.60% |
| 6 | The Federal Bank Limited INE171A01029 | 4.21% |
| 7 | Manappuram Finance Limited INE522D01027 | 3.84% |
| 8 | Shriram Finance Limited INE721A01047 | 3.15% |
| 9 | RBL Bank Limited INE976G01028 | 3.04% |
| 10 | Clearing Corporation of India Ltd nan | 2.66% |
| 11 | Niva Bupa Health Insurance Company Limited INE995S01015 | 2.48% |
| 12 | Go Digit General Insurance Limited INE03JT01014 | 2.47% |
| 13 | Jio Financial Services Limited INE758E01017 | 2.38% |
| 14 | Net Receivables / (Payables) nan | 2.34% |
| 15 | Angel One Limited INE732I01021 | 2.33% |
| 16 | Bajaj Finserv Limited INE918I01026 | 2.10% |
| 17 | BSE Limited INE118H01025 | 2.03% |
| 18 | ICRA Limited INE725G01011 | 1.96% |
| 19 | Bajaj Finance Limited INE296A01032 | 1.83% |
| 20 | Max Financial Services Limited INE180A01020 | 1.34% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Bajaj Finserv Banking and Financial Services Fund hold?
Bajaj Finserv Banking and Financial Services Fund holds 34 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 51.98% of NAV.
What is the largest holding in Bajaj Finserv Banking and Financial Services Fund?
The largest position in Bajaj Finserv Banking and Financial Services Fund is HDFC Bank Limited, accounting for 14.87% of NAV in the Banks sector.
Is Bajaj Finserv Banking and Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.542, Bajaj Finserv Banking and Financial Services Fund is moderately concentrated. The HHI concentration index is 68,964 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 51.98% of the portfolio.
What is the market cap allocation of Bajaj Finserv Banking and Financial Services Fund?
Based on SEBI's AMFI classification, Bajaj Finserv Banking and Financial Services Fund's equity portfolio is split as: Large Cap: 54.88%, Mid Cap: 10.16%, Small Cap: 19.36%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bajaj Finserv Banking and Financial Services Fund invest in most?
Bajaj Finserv Banking and Financial Services Fund has the highest allocation to Banks (61.26%), Finance (17.66%), Capital Markets (8.00%). The fund is invested across 6 sectors in total.
How actively managed is Bajaj Finserv Banking and Financial Services Fund compared to other Sectoral / Thematic funds?
Bajaj Finserv Banking and Financial Services Fund has an Active Share of 83.32%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Bajaj Finserv Banking and Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bajaj Finserv Banking and Financial Services Fund added 6 new stocks (including Cholamandalam Investment and Finance Company Ltd) and exited 5 stocks (including 360 One WAM Limited). Total holding count increased from 35 to 36 stocks.