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Sectoral / Thematic · SBI Mutual Fund · AMFI code 133857SBI Banking And Financial Services Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹7,111 Cr
up ₹636 Cr vs Feb 2025
- Stocks held
- 23
- unchanged
- Top 10 weight
- 73.7%
- of the portfolio in its ten largest
- Cash & debt
- 15.1%
- cash, money market and debt
SBI Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In March 2025 it disclosed 23 stocks worth ₹7,111 Cr, up ₹636 Cr from Feb 2025. Its largest positions were HDFC Bank Limited (26.0%), ICICI Bank Limited (14.3%), Kotak Mahindra Bank Limited (9.7%); the ten largest together made up 73.7% of the portfolio, and Banks was the biggest sector at 79.3% of its equity. Cash and debt stood at 15.1%. Compared with Feb 2025 the fund entered 4 new stocks and exited 4.
Against 229 other Sectoral / Thematic funds
Concentration
95%
Top-10 weight is higher than 95% of peers
Breadth
6%
Holds more stocks than 6% of peers
Cash
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in March 2025
Download CSVEvery line the fund disclosed, with the change against Feb 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 26.00% | down 1.06 pts | ₹1,849 Cr | up ₹96.9 Cr | Added |
| ICICI Bank Limited | 14.29% | up 0.27 pts | ₹1,016 Cr | up ₹109 Cr | Added |
| Cash, TREPS & receivables | 12.58% | up 3.03 pts | ₹895 Cr | up ₹277 Cr | Added |
| Kotak Mahindra Bank Limited | 9.74% | up 0.36 pts | ₹693 Cr | up ₹85.6 Cr | Added |
| Axis Bank Limited | 9.74% | down 0.12 pts | ₹693 Cr | up ₹54.3 Cr | Added |
| SBI Cards and Payment Services Limited | 2.52% | down 0.11 pts | ₹179 Cr | up ₹8.6 Cr | Added |
| 91 Days Treasury Bill 19-Jun-2025 Debt | 2.50% | up 2.50 pts | ₹178 Cr | up ₹178 Cr | New |
| Cholamandalam Financial Holdings Limited | 2.35% | down 0.07 pts | ₹167 Cr | up ₹10.5 Cr | Added |
| Aptus Value Housing Finance India Limited | 2.27% | down 0.33 pts | ₹162 Cr | down ₹7 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 2.17% | up 0.06 pts | ₹154 Cr | up ₹17.4 Cr | Added |
| Bank of India | 2.14% | up 0.35 pts | ₹152 Cr | up ₹36 Cr | Added |
| State Bank of India | 1.90% | up 0.04 pts | ₹135 Cr | up ₹14.5 Cr | Added |
| Muthoot Finance Limited | 1.75% | down 0.93 pts | ₹125 Cr | down ₹49.3 Cr | Trimmed |
| Power Finance Corporation Limited | 1.66% | up 0.06 pts | ₹118 Cr | up ₹14.3 Cr | Added |
| Karur Vysya Bank Limited | 1.58% | down 0.09 pts | ₹112 Cr | up ₹4.4 Cr | Added |
| City Union Bank Limited | 1.17% | down 0.04 pts | ₹83 Cr | up ₹5 Cr | Added |
| Manappuram Finance Limited | 0.98% | up 0.98 pts | ₹69.7 Cr | up ₹69.7 Cr | New |
| ICRA Limited | 0.88% | down 0.05 pts | ₹62.6 Cr | up ₹2.2 Cr | Added |
| Credit Analysis and Research Limited | 0.84% | up 0.34 pts | ₹59.6 Cr | up ₹27.2 Cr | Added |
| Bank of Baroda | 0.75% | up 0.75 pts | ₹53.4 Cr | up ₹53.4 Cr | New |
| CRISIL Limited | 0.72% | down 0.11 pts | ₹51.4 Cr | down ₹2.6 Cr | Trimmed |
| Can Fin Homes Limited | 0.55% | up 0.03 pts | ₹38.8 Cr | up ₹5.3 Cr | Added |
| SBFC Finance Limited | 0.38% | down 0.04 pts | ₹26.8 Cr | down ₹1 L | Held |
| Aditya Birla Capital Limited | 0.25% | up 0.25 pts | ₹17.5 Cr | up ₹17.5 Cr | New |
| HDFC Life Insurance Company Limited | 0.22% | up 0.22 pts | ₹15.5 Cr | up ₹15.5 Cr | New |
| 182 DAY T-BILL Debt | 0.07% | down 0.01 pts | ₹4.9 Cr | up ₹3 L | Added |
What changed, Feb 2025 to Mar 2025
New New positions (4)
- Manappuram Finance Limited1.0% · ₹69.7 Cr
- Bank of Baroda0.8% · ₹53.4 Cr
- Aditya Birla Capital Limited0.2% · ₹17.5 Cr
- HDFC Life Insurance Company Limited0.2% · ₹15.5 Cr
Exited Exited (4)
- BSE Limitedwas 3.2% · ₹210 Cr
- Aavas Financiers Limitedwas 2.4% · ₹155 Cr
- General Insurance Corporation of Indiawas 0.5% · ₹35.2 Cr
- ICICI Prudential Life Insurance Company Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Feb 2025, the weight rose most in Banks (+5.4 pts), and fell most in Capital Markets (−3.4 pts) and Finance (−1.6 pts).
- Banks74.0% → 79.3%+5.4 pts
- Capital Markets5.9% → 2.6%−3.4 pts
- Finance19.4% → 17.9%−1.6 pts
- Insurance0.7% → 0.3%−0.4 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Nov 2023 | Sep 2024 | Dec 2024 | Feb 2025 | Mar 2025 |
|---|---|---|---|---|---|
| Banks | 62.0% | 61.8% | 68.5% | 74.0% | 79.3% |
| Finance | 23.8% | 24.6% | 21.0% | 19.4% | 17.9% |
| Capital Markets | 6.3% | 4.8% | 6.8% | 5.9% | 2.6% |
| Insurance | 7.8% | 6.7% | 3.7% | 0.7% | 0.3% |
Allocation in Mar 2025change vs Feb 2025
- Banks (9)79.3%▲ 5.4 pts
- Finance (12)17.9%▼ 1.6 pts
- Capital Markets (1)2.6%▼ 3.4 pts
- Insurance (1)0.3%▼ 0.4 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Mar 2025
15.1%
▲ 5.5 pts vs Feb 2025
- Cash alone
- 12.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.8% – 17.7%
- lowest to highest · record 17.7% in Dec 2024
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.