Taurus Banking and Financial Services Fund
Taurus Banking & Financial Services Fund remains heavily concentrated in large-cap banks, with the big five commanding 53% of assets, while its recent additions of fintech and payments players signal a broadening conviction within the financial services spectrum. The 74% top-10 concentration and sectoral tilt toward banks and finance leave little room for diversification, making this a high-conviction bet on India's banking and NBFC cycle. Last month's modest decline alongside fresh exposure to digital payments suggests the manager is positioning for structural shifts within financials rather than chasing near-term momentum.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹57.7200 | -2.57% | — | — | — | — | — |
| Regular Growth | ₹51.3300 | -2.64% | -7.25% | -7.26% | -2.75% | +8.79% | +11.16% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Jio Financial Services Ltd. | 1.93% |
| RBL Bank Ltd. | 1.62% |
| SBI Cards & Payment Services Ltd. | 0.96% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 15.97% |
| 2 | HDFC Bank Ltd. INE040A01034 | 13.58% |
| 3 | State Bank of India INE062A01020 | 8.40% |
| 4 | Axis Bank Ltd. INE238A01034 | 7.71% |
| 5 | Kotak Mahindra Bank Ltd. INE237A01036 | 7.13% |
| 6 | Net Receivable / Payable | 5.17% |
| 7 | DAM Capital Advisors Ltd. INE284H01025 | 4.12% |
| 8 | The Karnataka Bank Ltd. INE614B01018 | 3.98% |
| 9 | Power Finance Corporation Ltd. INE134E01011 | 3.89% |
| 10 | Bajaj Finance Ltd. INE296A01032 | 3.68% |
| 11 | LIC Housing Finance Ltd. INE115A01026 | 2.90% |
| 12 | Bajaj Holdings & Investment Ltd. INE118A01012 | 2.70% |
| 13 | General Insurance Corporation of India INE481Y01014 | 2.66% |
| 14 | JM Financial Ltd. INE780C01023 | 2.62% |
| 15 | HDFC Asset Management Co. Ltd. INE127D01025 | 2.54% |
| 16 | Indian Energy Exchange Ltd. INE022Q01020 | 2.27% |
| 17 | Jio Financial Services Ltd. INE758E01017 | 1.93% |
| 18 | Life Insurance Corporation of India INE0J1Y01017 | 1.71% |
| 19 | RBL Bank Ltd. INE976G01028 | 1.62% |
| 20 | Central Depository Services (I) Ltd. INE736A01011 | 1.43% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.