Free: check your portfolio overlap & returns vs Nifty →
Home / Stocks / Max Financial Services

Which mutual funds hold Max Financial Services?

244 Direct Growth mutual fund schemes held Max Financial Services (Financial Services) at the end of Aug 2026, the same number as in Jul 2026. The largest position was in DSP Banking & Financial Services Fund, at 4.26% of the scheme.

Portfolios as of Aug 2026 · ISIN INE180A01020
Schemes holding
244
New entries
5
Fully exited
6
Increased
55
Decreased
25
Average weight
1.16%

By fund type: Equity 126 · Index 53 · Hybrid 48 · Other 17

What changed in Aug 2026

vs Jul 2026 · by number of shares

New entries (5)

  • Bandhan Multi-Factor Fund Sectoral / Thematic— → 1.98%
  • ICICI Prudential Innovation Fund Sectoral / Thematic— → 1.17%
  • Invesco India ELSS Tax Saver Fund ELSS (Tax Saver)— → 0.50%
  • The Wealth Company Arbitrage Fund Arbitrage— → 0.42%
  • Nippon India Vision Large & Mid Cap Fund Large & Mid Cap— → 0.17%

Fully exited (6)

  • Sundaram Large and Midcap Fund Large & Mid Cap1.25%
  • Edelweiss Small Cap Fund Small Cap1.18%
  • SBI Flexicap Fund Flexi Cap1.00%
  • SBI Midcap Fund Mid Cap0.62%
  • Groww Multi Asset Allocation Fund Multi Asset Allocation0.52%
  • ICICI Prudential Retirement Fund - Hybrid Aggressive Other0.40%

Increased (55)

  • DSP Banking & Financial Services Fund Sectoral / Thematic4.18% → 4.26%
  • Franklin India Large & Mid Cap Fund Large & Mid Cap2.85% → 3.68%
  • Motilal Oswal Nifty MidSmall Financial Services Index Fund Equity Index3.60% → 3.56%
  • DSP Multi Cap Fund Multi Cap2.71% → 3.31%
  • WhiteOak Capital Mid Cap Fund Mid Cap3.11% → 3.11%
  • Tata Mid Cap Fund Mid Cap2.72% → 3.03%
  • Groww Value Fund Value1.10% → 2.68%
  • LIC Mf Banking and Financial Services Fund Sectoral / Thematic1.78% → 2.58%
  • Groww Multicap Fund Multi Cap1.74% → 2.41%
  • Kotak Nifty Alpha Low Volatility 30 Index Fund Equity Index2.17% → 2.31%
  • WhiteOak Capital Banking & Financial Services Fund Sectoral / Thematic1.85% → 2.06%
  • UTI Mid Cap Fund Mid Cap1.88% → 1.97%
  • Bank of India Midcap Tax Fund Series 2 ELSS (Tax Saver)1.24% → 1.79%
  • Axis Nifty Midcap 50 Index Fund Equity Index1.71% → 1.76%
  • Kotak Nifty Midcap 50 Index Fund Equity Index1.71% → 1.76%
  • TRUSTMF Mid Cap Fund Mid Cap0.85% → 1.60%
  • Baroda BNP Paribas Mid Cap Fund Mid Cap1.45% → 1.51%
  • Invesco India Large & Mid Cap Fund Large & Mid Cap1.32% → 1.49%
  • Nippon India Retirement Fund- Wealth Creation Scheme Other0.95% → 1.39%
  • DSP Small Cap Fund Small Cap0.83% → 1.30%
  • Tata Nifty Financial Services Index Fund Equity Index1.20% → 1.30%
  • UTI Large & Mid Cap Fund Large & Mid Cap1.15% → 1.29%
  • Bandhan Large & Mid Cap Fund Large & Mid Cap1.09% → 1.26%
  • ITI Multi Cap Fund Multi Cap1.18% → 1.21%
  • Edelweiss Nifty Midcap150 Momentum 50 Index Fund Equity Index1.17% → 1.19%
  • SBI Nifty Midcap 150 Momentum 50 Etf Fof Other1.17% → 1.19%
  • Kotak Nifty Midcap 150 Momentum 50 Index Fund Equity Index1.17% → 1.18%
  • Tata Multi Asset Allocation Fund Multi Asset Allocation0.91% → 1.18%
  • Tata Nifty Midcap 150 Index Fund Equity Index0.96% → 0.99%
  • Groww Nifty Midcap 150 Index Fund Equity Index0.95% → 0.98%
  • HDFC Nifty Midcap 150 Index Fund Equity Index0.95% → 0.98%
  • Kotak Nifty Midcap 150 Index Fund Equity Index0.95% → 0.98%
  • Nippon India Nifty Midcap 150 Index Fund Equity Index0.96% → 0.98%
  • SBI Nifty Midcap 150 Index Fund Equity Index0.95% → 0.98%
  • DSP Nifty Midcap 150 Index Fund Equity Index0.96% → 0.97%
  • ICICI Prudential Nifty Midcap 150 Index Fund Equity Index0.95% → 0.97%
  • UTI Nifty Midcap 150 Index Fund Equity Index0.95% → 0.97%
  • Mahindra Manulife Aggressive Hybrid Fund Aggressive Hybrid0.74% → 0.96%
  • ITI Flexi Cap Fund Flexi Cap0.85% → 0.86%
  • WhiteOak Capital Arbitrage Fund Arbitrage0.62% → 0.70%
  • Navi Nifty midsmallcap 400 Index Fund Equity Index0.63% → 0.64%
  • Kotak Nifty Alpha 50 Index Fund Equity Index0.51% → 0.52%
  • Bandhan Nifty Alpha 50 Index Fund Equity Index0.51% → 0.51%
  • Zerodha Nifty MidSmallcap400 50:50 Index Fund Equity Index0.48% → 0.51%
  • HDFC Nifty LargeMidcap 250 Index Fund Equity Index0.47% → 0.50%
  • ICICI Prudential Nifty LargeMidcap 250 Index Fund Equity Index0.48% → 0.50%
  • Zerodha Nifty LargeMidcap 250 Index Fund Equity Index0.48% → 0.50%
  • Zerodha Life Cycle Fund 2041 Other0.37% → 0.39%
  • Edelweiss Nifty LargeMidcap 250 Plus 8-13 yr G-Sec 70-30 Index Fund Debt Index0.33% → 0.35%
  • Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Debt Index0.34% → 0.35%
  • Zerodha Life Cycle Fund 2036 Other0.31% → 0.32%
  • Axis Arbitrage Fund Arbitrage0.21% → 0.23%
  • DSP Nifty 500 Index Fund Equity Index0.20% → 0.21%
  • HDFC BSE 500 Index Fund Equity Index0.20% → 0.21%
  • ICICI Prudential Nifty 500 Index Fund Equity Index0.20% → 0.21%

Decreased (25)

  • Motilal Oswal BSE Financials ex Bank 30 Index Fund Equity Index2.33% → 2.42%
  • Bandhan Nifty Alpha Low Volatility 30 Index Fund Equity Index2.19% → 2.32%
  • Edelweiss Nifty Alpha Low Volatility 30 Index Fund Equity Index2.18% → 2.32%
  • UTI Nifty Alpha Low-Volatility 30 Index Fund Equity Index2.18% → 2.32%
  • Kotak Nifty Financial Services Ex-Bank Index Fund Equity Index2.21% → 2.30%
  • Bandhan Financial Services Fund Sectoral / Thematic2.23% → 2.24%
  • Baroda BNP Paribas ELSS Tax Saver Fund ELSS (Tax Saver)1.48% → 1.42%
  • Baroda BNP Paribas Banking and Financial Services Fund Sectoral / Thematic1.54% → 1.37%
  • JioBlackRock Nifty Midcap 150 Index Fund Equity Index0.95% → 0.98%
  • Bandhan Nifty Midcap 150 Index Fund Equity Index0.95% → 0.97%
  • WhiteOak Capital Flexi Cap Fund Flexi Cap0.97% → 0.94%
  • Union Balanced Advantage Fund Balanced Advantage0.90% → 0.76%
  • Union Flexi Cap Fund Flexi Cap0.83% → 0.64%
  • JioBlackRock Flexi Cap Fund Flexi Cap0.62% → 0.56%
  • Groww ELSS Tax Saver Fund ELSS (Tax Saver)0.86% → 0.52%
  • Baroda BNP Paribas Equity Savings Fund Equity Savings0.51% → 0.51%
  • Mirae Asset Arbitrage Fund Arbitrage0.66% → 0.49%
  • UTI Multi Asset Allocation Fund Multi Asset Allocation0.47% → 0.49%
  • Union Small Cap Fund Small Cap0.57% → 0.47%
  • JioBlackRock Arbitrage Fund Arbitrage0.80% → 0.31%
  • Invesco India Arbitrage Fund Arbitrage0.55% → 0.29%
  • UTI Quant Fund Sectoral / Thematic0.28% → 0.26%
  • HSBC Arbitrage Fund Arbitrage0.31% → 0.20%
  • Aditya Birla Sun Life Arbitrage Fund Arbitrage0.22% → 0.17%
  • JioBlackRock Sector Rotation Fund Sectoral / Thematic0.10% → 0.09%

Weight shown as last month → this month. Only the 1,622 schemes with portfolios for both months are compared.

All 244 schemes holding Max Financial Services

Sorted by weight in the scheme
#SchemeCategoryWeightSharesThis month
1
DSP Banking & Financial Services Fund
DSP
Sectoral / Thematic4.26%5,90,807Increased
2
HDFC
Mid Cap3.79%2,61,14,231Unchanged
3
Franklin India Large & Mid Cap Fund
Franklin Templeton
Large & Mid Cap3.68%8,46,320Increased
4
Motilal Oswal Nifty MidSmall Financial Services Index Fund
Motilal Oswal
Equity Index3.56%28,301Increased
5
DSP Multi Cap Fund
DSP
Multi Cap3.31%6,36,333Increased
6
WhiteOak Capital Mid Cap Fund
WhiteOak Capital
Mid Cap3.11%14,79,379Increased
7
Invesco
Mid Cap3.07%31,01,480Unchanged
8
Tata Mid Cap Fund
Tata
Mid Cap3.03%12,00,000Increased
9
Union Midcap Fund
Union
Mid Cap2.82%3,59,693Unchanged
10
Mahindra Manulife Banking & Financial Services Fund
Mahindra Manulife
Sectoral / Thematic2.76%83,800Unchanged
11
Canara Robeco Banking and Financials Services Fund
Canara Robeco
Sectoral / Thematic2.71%1,13,000Unchanged
12
Groww Value Fund
Groww
Value2.68%12,687Increased
13
Bank of India Mid Cap Fund
Bank of India
Mid Cap2.65%1,29,182Unchanged
14
DSP Midcap Fund
DSP
Mid Cap2.63%35,15,987Unchanged
15
Aditya Birla Sun Life Midcap Fund
Aditya Birla Sun Life
Mid Cap2.60%11,51,200Unchanged
16
LIC Mf Banking and Financial Services Fund
LIC
Sectoral / Thematic2.58%45,090Increased
17
Baroda BNP Paribas Health and Wellness Fund
Baroda BNP Paribas
Sectoral / Thematic2.43%78,498Unchanged
18
Motilal Oswal BSE Financials ex Bank 30 Index Fund
Motilal Oswal
Equity Index2.42%5,055Decreased
19
Groww Multicap Fund
Groww
Multi Cap2.41%2,26,065Increased
20
Canara Robeco Mid Cap Fund
Canara Robeco
Mid Cap2.33%7,75,309Unchanged
21
Bandhan Nifty Alpha Low Volatility 30 Index Fund
Bandhan
Equity Index2.32%1,331Decreased
22
Edelweiss Nifty Alpha Low Volatility 30 Index Fund
Edelweiss
Equity Index2.32%13,630Decreased
23
ICICI Prudential Nifty Alpha Low - Volatility 30 Etf Fof
ICICI Prudential
Other2.32%2,33,392Unchanged
24
Nippon India
Equity Index2.32%1,90,452Unchanged
25
UTI Nifty Alpha Low-Volatility 30 Index Fund
UTI
Equity Index2.32%10,298Decreased
26
Kotak Nifty Alpha Low Volatility 30 Index Fund
Kotak Mahindra
Equity Index2.31%1,074Increased
27
Kotak Nifty Financial Services Ex-Bank Index Fund
Kotak Mahindra
Equity Index2.30%14,489Decreased
28
Aditya Birla Sun Life Large & Mid Cap Fund
Aditya Birla Sun Life
Large & Mid Cap2.29%8,73,898Unchanged
29
Bandhan Financial Services Fund
Bandhan
Sectoral / Thematic2.24%1,60,082Decreased
30
Nippon India Banking & Financial Services Fund
Nippon India
Sectoral / Thematic2.22%11,17,524Unchanged
31
Baroda BNP Paribas Large and Mid Cap Fund
Baroda BNP Paribas
Large & Mid Cap2.19%2,61,000Unchanged
32
Bank of India Banking & Financial Services Fund
Bank of India
Sectoral / Thematic2.16%37,500Unchanged
33
Union Large & Midcap Fund
Union
Large & Mid Cap2.16%1,39,600Unchanged
34
Whiteoak Capital Large & Mid Cap Fund
WhiteOak Capital
Large & Mid Cap2.14%3,42,936Unchanged
35
DSP Flexi Cap Fund
DSP
Flexi Cap2.11%16,72,846Unchanged
36
WhiteOak Capital Banking & Financial Services Fund
WhiteOak Capital
Sectoral / Thematic2.06%87,008Increased
37
Mahindra Manulife
Mid Cap2.05%7,06,061Unchanged
38
DSP
ELSS (Tax Saver)2.04%21,60,559Unchanged
39
Bandhan Multi-Factor Fund
Bandhan
Sectoral / Thematic1.98%81,256New entry
40
Baroda BNP Paribas Innovation Fund
Baroda BNP Paribas
Sectoral / Thematic1.98%1,15,615Unchanged

Want to know what this means for your portfolio?

Owning Max Financial Services through several funds at once is common — and easy to miss. Sulekha Sen can check what your funds really hold and whether it fits your goals.

Book a free 30-min call →

Or read more about Sulekha · try a related calculator

Data: each AMC’s SEBI-mandated monthly portfolio disclosure, Aug 2026 (compared with Jul 2026). Holdings change after month-end. Direct Plan – Growth schemes only; one row per scheme. Changes are measured by number of shares or units, not portfolio weight. Not investment advice, and not a recommendation to buy, sell or hold any security or scheme. Mutual fund investments are subject to market risks, read all scheme related documents carefully.