ICICI Bank – Through its portfolio, the brokerage has a 4% weight in the portfolio. The private lender has risen almost 10% on a year-to-date basis.
HDFC Bank – The brokerage has been assigned a 4% weight to India’s largest private sector bank. The lender’s stock price has risen 8.5 this year.
State Bank of India – The country’s leading state lender also carries a 4% weight. Much like its private counterparts, the stock has risen over 8% on a year-to-date basis.
SBI Life Insurance – The insurance major has the highest weight in this pack at 6%. SBI Life shares have risen 32% since the beginning of the year.
REC Limited (Rural Electrification Corporation) – The power financier also has a 4% weight. The scrip is down over 20% since the beginning of the year.
PolicyBazaar (PB Fintech) – The portfolio features a 5% allocation for the counter. PB Fintech share price has fallen 15% YTD.
Manappuram Finance – The stock has been given a 4% weight in the portfolio. The stock is up 50% this year.
Home First Finance – The last stock in the financials space also holds a 4% weight in the portfolio. The stock price has risen 22% on a YTD basis.
