Bank of India Banking & Financial Services Fund
The fund maintains a heavily concentrated bet on large-cap banking and financial services, with nearly three-quarters of assets in banks and traditional finance. The significant increase in ICICI Prudential's weighting and addition of Angel One signal the manager's growing conviction in capital markets and fintech exposure, signaling confidence in India's wealth management and retail investment participation trends. The minimal cash buffer and top-10 dominance at 60 percent reflect an aggressive, conviction-driven approach with limited diversification cushion.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.4300 | — | — | — | — | — | — |
| Regular Growth | ₹9.4000 | -2.79% | -7.48% | — | — | — | — |
| Direct IDCW | ₹9.4300 | — | — | — | — | — | — |
| Regular IDCW | ₹9.4000 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Angel One Limited | 2.22% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 9.17% |
| 2 | Axis Bank Limited INE238A01034 | 9.02% |
| 3 | State Bank of India INE062A01020 | 8.86% |
| 4 | HDFC Bank Limited INE040A01034 | 8.23% |
| 5 | Shriram Finance Limited INE721A01047 | 5.56% |
| 6 | ICICI Prudential Asset Management Company Limited INE346A01027 | 5.02% |
| 7 | Kotak Mahindra Bank Limited INE237A01036 | 4.66% |
| 8 | Bajaj Finance Limited INE296A01032 | 3.47% |
| 9 | Sundaram Finance Limited INE660A01013 | 2.95% |
| 10 | City Union Bank Limited INE491A01021 | 2.90% |
| 11 | Indian Bank INE562A01011 | 2.87% |
| 12 | Bank of Baroda INE028A01039 | 2.82% |
| 13 | Computer Age Management Services Limited INE596I01020 | 2.69% |
| 14 | SBI Life Insurance Company Limited INE123W01016 | 2.68% |
| 15 | Power Finance Corporation Limited INE134E01011 | 2.62% |
| 16 | Angel One Limited INE732I01021 | 2.22% |
| 17 | BSE Limited INE118H01025 | 2.19% |
| 18 | Max Financial Services Limited INE180A01020 | 2.16% |
| 19 | CreditAccess Grameen Limited INE741K01010 | 2.13% |
| 20 | TREPS | 2.06% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.