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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹9.5600 | — | — | — | — |
| Regular Growth | ₹9.5300 | -2.76% | — | — | — |
| Direct IDCW | ₹9.5600 | — | — | — | — |
| Regular IDCW | ₹9.5300 | — | — | — | — |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Bank of India Banking & Financial Services Fund hold?
Bank of India Banking & Financial Services Fund holds 30 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 40.84% of NAV.
What is the largest holding in Bank of India Banking & Financial Services Fund?
The largest position in Bank of India Banking & Financial Services Fund is ICICI Bank Limited, accounting for 9.17% of NAV in the Banks sector.
Is Bank of India Banking & Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.383, Bank of India Banking & Financial Services Fund is well-diversified. The HHI concentration index is 49,893 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 40.84% of the portfolio.
What is the market cap allocation of Bank of India Banking & Financial Services Fund?
Based on SEBI's AMFI classification, Bank of India Banking & Financial Services Fund's equity portfolio is split as: Large Cap: 61.72%, Mid Cap: 16.53%, Small Cap: 8.81%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Bank of India Banking & Financial Services Fund invest in most?
Bank of India Banking & Financial Services Fund has the highest allocation to Banks (50.06%), Finance (22.40%), Capital Markets (15.72%). The fund is invested across 5 sectors in total.
How actively managed is Bank of India Banking & Financial Services Fund compared to other Sectoral / Thematic funds?
Bank of India Banking & Financial Services Fund has an Active Share of 82.61%, 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 Bank of India Banking & Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Bank of India Banking & Financial Services Fund added 1 new stock (including Angel One Limited). Total holding count increased from 31 to 32 stocks.