UTI Banking and Financial Services Fund
UTI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund maintains a heavily concentrated bet on large-cap banking and financial services, with the big three banks commanding over 38 percent of assets. Recent portfolio pruning—exiting smaller lenders and adding fintech exposure—signals the manager is rotating toward quality and scale while paring down weak performers. The month's modest decline reflects sector headwinds, though the significant overweight to HDFC Bank and reinforced positions in insurance suggest conviction that premium franchises will outperform amid normalizing credit cycles.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹211.6005 | -3.01% | — | — | — | — | — |
| Regular Growth | ₹184.0953 | -3.08% | -9.14% | -6.64% | -0.04% | +12.43% | +12.54% |
| Direct IDCW | ₹82.8168 | -3.01% | — | — | — | — | — |
| Regular IDCW | ₹71.6490 | -3.08% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
28
Top 5 Weight
54.29%
Top 10 Weight
74.20%
Active Share
—
Large Cap
68.29%
Gini
0.545
What Changed2026-03-31 → 2026-04-30
Holdings: 34 → 29+1 added−6 removed15 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| EQ - PB FINTECH LTD | 0.93% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | EQ - HDFC BANK LIMITED INE040A01034 | 16.43% |
| 2 | EQ - ICICI BANK LTD INE090A01021 | 13.05% |
| 3 | EQ - KOTAK MAHINDRA BANK LTD. INE237A01036 | 9.23% |
| 4 | EQ - BAJAJ FINANCE LTD. INE296A01032 | 7.88% |
| 5 | EQ - AXIS BANK LTD. INE238A01034 | 7.70% |
| 6 | EQ - SHRIRAM FINANCE LTD INE721A01047 | 4.95% |
| 7 | EQ - STATE BANK OF INDIA INE062A01020 | 4.75% |
| 8 | EQ - SBI LIFE INSURANCE COMPANY LTD INE123W01016 | 3.73% |
| 9 | EQ - MULTI COMMODITY EXCHANGE OF IN INE745G01043 | 3.30% |
| 10 | EQ - BAJAJ FINSERV LTD. INE918I01026 | 3.18% |
| 11 | NET CURRENT ASSETS | 3.12% |
| 12 | EQ - UJJIVAN SMALL FINANCE BANK LTD INE551W01018 | 2.75% |
| 13 | EQ - CHOLAMANDALAM INVESTMENT & FIN INE121A01024 | 2.63% |
| 14 | EQ - AAVAS FINANCIERS LTD. INE216P01012 | 1.99% |
| 15 | EQ - ICICI LOMBARD GENERAL INSURANC INE765G01017 | 1.96% |
| 16 | EQ - MAX FINANCIAL SERVICES LTD. INE180A01020 | 1.83% |
| 17 | EQ - HDFC LIFE INSURANCE COMPANY LI INE795G01014 | 1.70% |
| 18 | EQ - INDIA SHELTER FINANCE CORPORATION LTD INE922K01024 | 1.65% |
| 19 | EQ - BANK OF BARODA INE028A01039 | 1.56% |
| 20 | EQ - REC LTD INE020B01018 | 1.36% |
Sector Allocation
Banks56.7%
Finance24.1%
Insurance9.6%
Capital Markets5.1%
Financial Technology (Fintech)1.5%
Top 10 sectors by % to NAV. Excludes derivatives.