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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
₹9,273 Cr
up ₹580 Cr vs Sep 2025
- Stocks held
- 31
- up 1 vs Sep 2025
- Top 10 weight
- 67.9%
- of the portfolio in its ten largest
- Cash & debt
SBI Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In October 2025 it disclosed 31 stocks worth ₹9,273 Cr, up ₹580 Cr from Sep 2025. Its largest positions were HDFC Bank Limited (13.4%), Axis Bank Limited (9.4%), Kotak Mahindra Bank Limited (9.3%); the ten largest together made up 67.9% of the portfolio, and Banks was the biggest sector at 57.2% of its equity. Cash and debt stood at 3.7%. Compared with Sep 2025 the fund entered 2 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
93%
Top-10 weight is higher than 93% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
53%
Holds more cash than 53% of peers
What these mean: concentration · cash
Holdings in October 2025
Download CSVEvery line the fund disclosed, with the change against Sep 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 | 13.45% | down 2.34 pts | ₹1,247 Cr | down ₹125 Cr | Trimmed |
| Axis Bank Limited | 9.35% | up 1.37 pts | ₹867 Cr | up ₹173 Cr | Added |
| Kotak Mahindra Bank Limited | 9.28% | down 0.10 pts | ₹860 Cr | up ₹44.8 Cr | Added |
| State Bank of India | 8.82% | up 0.06 pts | ₹818 Cr | up ₹56.4 Cr | Added |
| ICICI Bank Limited | 6.44% | down 0.44 pts | ₹597 Cr | down ₹1.2 Cr | Held |
| Bajaj Finserv Limited | 6.31% | up 1.20 pts | ₹585 Cr | up ₹141 Cr | Added |
| SBI Life Insurance Company Limited | 5.08% | up 0.12 pts | ₹471 Cr | up ₹39.8 Cr | Added |
| Cash, TREPS & receivables | 3.63% | up 1.97 pts | ₹336 Cr | up ₹192 Cr | Added |
| Aditya Birla Capital Limited | 3.14% | up 0.67 pts | ₹291 Cr | up ₹76.1 Cr | Added |
| Bajaj Finance Limited | 3.04% | down 0.07 pts | ₹282 Cr | up ₹11.9 Cr | Added |
| Bank of Baroda | 3.00% | up 0.03 pts | ₹278 Cr | up ₹19.8 Cr | Added |
| HDFC Life Insurance Company Limited | 2.89% | down 1.34 pts | ₹268 Cr | down ₹99.8 Cr | Trimmed |
| Bank of India | 2.74% | up 0.16 pts | ₹254 Cr | up ₹30 Cr | Added |
| Muthoot Finance Limited | 2.62% | down 0.61 pts | ₹243 Cr | down ₹37.8 Cr | Trimmed |
| Aptus Value Housing Finance India Limited | 2.55% | down 0.19 pts | ₹236 Cr | down ₹1.6 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 2.49% | up 0.84 pts | ₹231 Cr | up ₹87.7 Cr | Added |
| Max Financial Services Limited | 2.30% | down 0.20 pts | ₹214 Cr | down ₹4.1 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.02% | down 0.13 pts | ₹187 Cr | up ₹36 L | Held |
| City Union Bank Limited | 1.30% | up <0.01 pts | ₹121 Cr | up ₹7.9 Cr | Added |
| Star Health And Allied Insurance Company Limited | 1.29% | up 0.05 pts | ₹120 Cr | up ₹11.6 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.14% | up 0.43 pts | ₹105 Cr | up ₹43.7 Cr | Added |
| ICRA Limited | 1.07% | down 0.06 pts | ₹98.8 Cr | up ₹1.2 Cr | Added |
| Credit Analysis and Research Limited | 0.97% | down 0.01 pts | ₹90.1 Cr | up ₹4.5 Cr | Added |
| 360 One WAM Limited | 0.93% | down 0.01 pts | ₹86.5 Cr | up ₹4.5 Cr | Added |
| Cholamandalam Financial Holdings Limited | 0.84% | down 0.04 pts | ₹77.5 Cr | up ₹1.1 Cr | Added |
| Canara Bank | 0.74% | up 0.74 pts | ₹68.5 Cr | up ₹68.5 Cr | New |
| Niva Bupa Health Insurance Company Limited | 0.74% | down 0.12 pts | ₹68.3 Cr | down ₹6.2 Cr | Trimmed |
| CRISIL Limited | 0.44% | down 0.19 pts | ₹40.5 Cr | down ₹13.7 Cr | Trimmed |
| HDB Financial Services Limited | 0.42% | down 0.04 pts | ₹39.1 Cr | down ₹1 Cr | Trimmed |
| National Securities Depository Limited | 0.38% | down 0.04 pts | ₹35.2 Cr | down ₹1.5 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 0.31% | up 0.31 pts | ₹28.6 Cr | up ₹28.6 Cr | New |
| Aditya Birla Sun Life AMC Limited | 0.25% | down 0.03 pts | ₹23.5 Cr | down ₹91 L | Trimmed |
| 182 DAY T-BILL Debt | 0.05% | down <0.01 pts | ₹5 Cr | up ₹2 L | Held |
What changed, Sep 2025 to Oct 2025
New New positions (2)
- Canara Bank0.7% · ₹68.5 Cr
- Multi Commodity Exchange of India Limited0.3% · ₹28.6 Cr
Exited Exited (1)
- Power Finance Corporation Limitedwas 2.0% · ₹170 Cr
Added Biggest additions
- Axis Bank Limitedup ₹173 Cr (+1.37% pts)
- Bajaj Finserv Limitedup ₹141 Cr (+1.20% pts)
- 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 Sep 2025, the weight rose most in Banks (+0.6 pts) and Capital Markets (+0.3 pts), and fell most in Finance (−0.5 pts) and Insurance (−0.4 pts).
- Banks56.6% → 57.2%+0.6 pts
- Capital Markets1.7% → 1.9%+0.3 pts
- Finance26.0% → 25.5%−0.5 pts
- Insurance15.7% → 15.4%−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 | Oct 2024 | Apr 2025 | Jul 2025 | Sep 2025 | Oct 2025 |
|---|---|---|---|---|---|
| Banks | 64.8% | 73.3% | 63.6% | 56.6% | 57.2% |
| Finance | 21.9% | 16.5% | 20.5% | 26.0% | 25.5% |
| Insurance | 5.6% | 7.9% | 14.0% | 15.7% | 15.4% |
| Capital Markets | 5.2% | 2.3% | 2.0% | 1.7% | 1.9% |
Allocation in Oct 2025change vs Sep 2025
- Banks (9)57.2%▲ 0.6 pts
- Finance (12)25.5%▼ 0.5 pts
- Insurance (6)15.4%▼ 0.4 pts
- Capital Markets (4)1.9%▲ 0.3 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, Oct 2025
3.7%
▲ 2.0 pts vs Sep 2025
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- 11.6%
- Oct 2024 · now ▼ 7.9 pts
- Last 12 months
- 1.7% – 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.