Bajaj Finserv Banking and Financial Services Fund
Bajaj Finserv Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹9.2800 | -2.12% | -8.39% | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
34
Top 5 Weight
51.98%
Top 10 Weight
68.88%
Active Share
—
Large Cap
54.88%
Gini
0.542
What Changed2026-03-31 → 2026-04-30
Holdings: 35 → 36+6 added−5 removed19 weight shifts ≥ 0.1%
| 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
Banks61.3%
Finance17.7%
Capital Markets8.0%
Insurance7.0%
nan5.2%
Financial Technology (Fintech)0.8%
Top 10 sectors by % to NAV. Excludes derivatives.