Loading…
Sectoral / Thematic · SBI Mutual Fund · AMFI code 133857SBI Banking And Financial Services Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹8,450 Cr
down ₹87.4 Cr vs Jun 2025
- Stocks held
- 31
- up 1 vs Jun 2025
- Top 10 weight
- 66.0%
- of the portfolio in its ten largest
- Cash & debt
- 7.5%
SBI Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In July 2025 it disclosed 31 stocks worth ₹8,450 Cr, down ₹87.4 Cr from Jun 2025. Its largest positions were HDFC Bank Limited (20.3%), State Bank of India (8.2%), Kotak Mahindra Bank Limited (8.2%); the ten largest together made up 66.0% of the portfolio, and Banks was the biggest sector at 63.6% of its equity. Cash and debt stood at 7.5%. Compared with Jun 2025 the fund entered 3 new stocks and exited 2.
Against 229 other Sectoral / Thematic funds
Concentration
90%
Top-10 weight is higher than 90% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
87%
Holds more cash than 87% of peers
What these mean: concentration · cash
Holdings in July 2025
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 20.34% | down 2.67 pts | ₹1,718 Cr | down ₹246 Cr | Trimmed |
| State Bank of India | 8.23% | up 8.10 pts | ₹695 Cr | up ₹685 Cr | Added |
| Kotak Mahindra Bank Limited | 8.18% | up 0.34 pts | ₹691 Cr | up ₹22 Cr | Added |
| ICICI Bank Limited | 7.78% | up 0.26 pts | ₹657 Cr | up ₹15.8 Cr | Added |
| Cash, TREPS & receivables | 7.47% | up 1.17 pts | ₹632 Cr | up ₹93.3 Cr | Added |
| Axis Bank Limited | 4.98% | down 0.78 pts | ₹420 Cr | down ₹70.8 Cr | Trimmed |
| SBI Life Insurance Company Limited | 3.54% | up 2.03 pts | ₹299 Cr | up ₹170 Cr | Added |
| Max Financial Services Limited | 3.52% | down 2.04 pts | ₹298 Cr | down ₹177 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 3.33% | down 0.43 pts | ₹281 Cr | down ₹39.7 Cr | Trimmed |
| Bajaj Finserv Limited | 3.23% | up 1.06 pts | ₹273 Cr | up ₹87.7 Cr | Added |
| Aptus Value Housing Finance India Limited | 2.88% | up 0.06 pts | ₹244 Cr | up ₹2.8 Cr | Added |
| Bank of Baroda | 2.81% | up 0.19 pts | ₹238 Cr | up ₹14 Cr | Added |
| Aditya Birla Capital Limited | 2.76% | down 0.18 pts | ₹233 Cr | down ₹18.1 Cr | Trimmed |
| RBL Bank Limited | 2.73% | up 0.21 pts | ₹230 Cr | up ₹15.8 Cr | Added |
| Bank of India | 2.40% | up 0.43 pts | ₹203 Cr | up ₹34.4 Cr | Added |
| SBI Cards and Payment Services Limited | 2.04% | down 0.34 pts | ₹172 Cr | down ₹31.1 Cr | Trimmed |
| Power Finance Corporation Limited | 2.02% | down 0.06 pts | ₹170 Cr | down ₹7.3 Cr | Trimmed |
| City Union Bank Limited | 1.34% | down 0.01 pts | ₹113 Cr | down ₹2.3 Cr | Trimmed |
| Star Health And Allied Insurance Company Limited | 1.28% | up 0.08 pts | ₹108 Cr | up ₹5.3 Cr | Added |
| ICRA Limited | 1.21% | down 0.01 pts | ₹102 Cr | down ₹2.2 Cr | Trimmed |
| Credit Analysis and Research Limited | 1.13% | down 0.05 pts | ₹95.3 Cr | down ₹5.1 Cr | Trimmed |
| Muthoot Finance Limited | 1.05% | down 3.39 pts | ₹88.6 Cr | down ₹291 Cr | Trimmed |
| Nippon Life India Asset Management Limited | 0.95% | down 1.50 pts | ₹80.2 Cr | down ₹129 Cr | Trimmed |
| Niva Bupa Health Insurance Company Limited | 0.94% | up 0.07 pts | ₹79.7 Cr | up ₹5.3 Cr | Added |
| Cholamandalam Financial Holdings Limited | 0.90% | down 0.12 pts | ₹76.5 Cr | down ₹11.3 Cr | Trimmed |
| CRISIL Limited | 0.77% | down 0.10 pts | ₹64.8 Cr | down ₹9.5 Cr | Trimmed |
| National Securities Depository Limited | 0.58% | up 0.58 pts | ₹48.6 Cr | up ₹48.6 Cr | New |
| HDB Financial Services Limited | 0.48% | up 0.09 pts | ₹40.6 Cr | up ₹7.6 Cr | Added |
| SBFC Finance Limited | 0.38% | down 0.02 pts | ₹31.8 Cr | down ₹2.2 Cr | Trimmed |
| Aditya Birla Sun Life AMC Limited | 0.31% | up 0.31 pts | ₹26.4 Cr | up ₹26.4 Cr | New |
| ICICI Prudential Life Insurance Company Limited | 0.29% | up 0.24 pts | ₹24.6 Cr | up ₹19.9 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 0.13% | up 0.13 pts | ₹10.6 Cr | up ₹10.6 Cr | New |
| 182 DAY T-BILL Debt | 0.06% | up <0.01 pts | ₹4.9 Cr | up ₹2 L | Held |
What changed, Jun 2025 to Jul 2025
New New positions (3)
- National Securities Depository Limited0.6% · ₹48.6 Cr
- Aditya Birla Sun Life AMC Limited0.3% · ₹26.4 Cr
- Mahindra & Mahindra Financial Services Limited0.1% · ₹10.6 Cr
Exited Exited (2)
- HDFC Asset Management Company Limitedwas 1.8% · ₹156 Cr
- Manappuram Finance Limitedwas 1.8% · ₹154 Cr
Added Biggest additions
- State Bank of Indiaup ₹685 Cr (+8.10% pts)
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 Jun 2025, the weight rose most in Banks (+7.3 pts) and Insurance (+0.1 pts), and fell most in Finance (−4.8 pts) and Capital Markets (−2.6 pts).
- Banks56.3% → 63.6%+7.3 pts
- Insurance13.8% → 14.0%+0.1 pts
- Finance25.3% → 20.5%−4.8 pts
- Capital Markets4.6% → 2.0%−2.6 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 | Jul 2024 | Jan 2025 | Apr 2025 | Jun 2025 | Jul 2025 |
|---|---|---|---|---|---|
| Banks | 66.8% | 67.4% | 73.3% | 56.3% | 63.6% |
| Finance | 23.4% | 23.6% | 16.5% | 25.3% | 20.5% |
| Insurance | 6.8% | 3.3% | 7.9% | 13.8% | 14.0% |
| Capital Markets | 2.9% | 5.7% | 2.3% | 4.6% | 2.0% |
Allocation in Jul 2025change vs Jun 2025
- Banks (9)63.6%▲ 7.3 pts
- Finance (13)20.5%▼ 4.8 pts
- Insurance (6)14.0%▲ 0.1 pts
- Capital Markets (3)2.0%▼ 2.6 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, Jul 2025
7.5%
▲ 1.2 pts vs Jun 2025
- Cash alone
- 7.4%
- cash and net receivables
- A year earlier
- 6.4%
- Jul 2024 · now ▲ 1.1 pts
- Last 12 months
- 3.2% – 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.