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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
₹9,813 Cr
up ₹539 Cr vs Oct 2025
- Stocks held
- 34
- up 3 vs Oct 2025
- Top 10 weight
- 63.0%
- 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 November 2025 it disclosed 34 stocks worth ₹9,813 Cr, up ₹539 Cr from Oct 2025. Its largest positions were HDFC Bank Limited (13.0%), Kotak Mahindra Bank Limited (7.8%), Bajaj Finserv Limited (7.3%); the ten largest together made up 63.0% of the portfolio, and Banks was the biggest sector at 48.9% of its equity. Cash and debt stood at 3.1%. Compared with Oct 2025 the fund entered 6 new stocks and exited 3.
Against 229 other Sectoral / Thematic funds
Concentration
88%
Top-10 weight is higher than 88% of peers
Breadth
22%
Holds more stocks than 22% of peers
Cash
43%
Holds more cash than 43% of peers
What these mean: concentration · cash
Holdings in November 2025
Download CSVEvery line the fund disclosed, with the change against Oct 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 | 12.97% | down 0.48 pts | ₹1,273 Cr | up ₹25.6 Cr | Added |
| Kotak Mahindra Bank Limited | 7.78% | down 1.50 pts | ₹763 Cr | down ₹97.1 Cr | Trimmed |
| Bajaj Finserv Limited | 7.28% | up 0.97 pts | ₹714 Cr | up ₹129 Cr | Added |
| Axis Bank Limited | 6.83% | down 2.53 pts | ₹670 Cr | down ₹197 Cr | Trimmed |
| State Bank of India | 6.71% | down 2.11 pts | ₹659 Cr | down ₹159 Cr | Trimmed |
| ICICI Bank Limited | 6.28% | down 0.16 pts | ₹616 Cr | up ₹19.3 Cr | Added |
| SBI Life Insurance Company Limited | 4.83% | down 0.25 pts | ₹474 Cr | up ₹2.5 Cr | Added |
| Muthoot Finance Limited | 4.10% | up 1.48 pts | ₹402 Cr | up ₹159 Cr | Added |
| Aditya Birla Capital Limited | 3.28% | up 0.14 pts | ₹322 Cr | up ₹30.4 Cr | Added |
| Cash, TREPS & receivables | 3.01% | down 0.62 pts | ₹295 Cr | down ₹40.9 Cr | Trimmed |
| Bank of Baroda | 2.95% | down 0.05 pts | ₹289 Cr | up ₹11.4 Cr | Added |
| Bajaj Finance Limited | 2.85% | down 0.18 pts | ₹280 Cr | down ₹1.4 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 2.85% | down 0.04 pts | ₹280 Cr | up ₹11.9 Cr | Added |
| Bank of India | 2.73% | down 0.02 pts | ₹268 Cr | up ₹13.2 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 2.46% | down 0.02 pts | ₹242 Cr | up ₹11.2 Cr | Added |
| Max Financial Services Limited | 2.40% | up 0.09 pts | ₹235 Cr | up ₹21.5 Cr | Added |
| Multi Commodity Exchange of India Limited | 2.14% | up 1.84 pts | ₹210 Cr | up ₹182 Cr | Added |
| Aptus Value Housing Finance India Limited | 2.12% | down 0.43 pts | ₹208 Cr | down ₹28.6 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 1.91% | down 0.11 pts | ₹188 Cr | up ₹32 L | Held |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.87% | up 1.87 pts | ₹184 Cr | up ₹184 Cr | New |
| Star Health And Allied Insurance Company Limited | 1.65% | up 0.36 pts | ₹162 Cr | up ₹42.1 Cr | Added |
| BSE Limited | 1.48% | up 1.48 pts | ₹145 Cr | up ₹145 Cr | New |
| Mahindra & Mahindra Financial Services Limited | 1.27% | up 0.13 pts | ₹124 Cr | up ₹18.8 Cr | Added |
| ICRA Limited | 0.97% | down 0.09 pts | ₹95.3 Cr | down ₹3.5 Cr | Trimmed |
| 360 One WAM Limited | 0.96% | up 0.03 pts | ₹94.7 Cr | up ₹8.2 Cr | Added |
| Credit Analysis and Research Limited | 0.87% | down 0.10 pts | ₹85.4 Cr | down ₹4.6 Cr | Trimmed |
| Angel One Limited | 0.85% | up 0.85 pts | ₹83.8 Cr | up ₹83.8 Cr | New |
| Canara Bank | 0.77% | up 0.03 pts | ₹75.8 Cr | up ₹7.3 Cr | Added |
| Cholamandalam Financial Holdings Limited | 0.76% | down 0.07 pts | ₹74.8 Cr | down ₹2.7 Cr | Trimmed |
| Pine Labs Limited | 0.69% | up 0.69 pts | ₹67.8 Cr | up ₹67.8 Cr | New |
| Niva Bupa Health Insurance Company Limited | 0.69% | down 0.05 pts | ₹67.6 Cr | down ₹66 L | Trimmed |
| Billionbrains Garage Ventures Ltd | 0.49% | up 0.49 pts | ₹47.7 Cr | up ₹47.7 Cr | New |
| HDB Financial Services Limited | 0.42% | down <0.01 pts | ₹41.1 Cr | up ₹1.9 Cr | Added |
| CRISIL Limited | 0.37% | down 0.07 pts | ₹36.4 Cr | down ₹4.2 Cr | Trimmed |
| The South Indian Bank Limited | 0.36% | up 0.36 pts | ₹34.9 Cr | up ₹34.9 Cr | New |
| 364 DAY T-BILL Debt | 0.05% | up 0.05 pts | ₹4.7 Cr | up ₹4.7 Cr | New |
What changed, Oct 2025 to Nov 2025
New New positions (6)
- Shriram Transport Finance Company Limited1.9% · ₹184 Cr
- BSE Limited1.5% · ₹145 Cr
- Angel One Limited0.9% · ₹83.8 Cr
- Pine Labs Limited0.7% · ₹67.8 Cr
- Billionbrains Garage Ventures Ltd0.5% · ₹47.7 Cr
- The South Indian Bank Limited0.4% · ₹34.9 Cr
Exited Exited (3)
- City Union Bank Limitedwas 1.3% · ₹121 Cr
- National Securities Depository 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 Oct 2025, the weight rose most in Capital Markets (+4.2 pts) and Finance (+3.5 pts), and fell most in Banks (−8.4 pts).
- Capital Markets1.9% → 6.1%+4.2 pts
- Finance25.5% → 29.0%+3.5 pts
- Financial Technology (fintech)0.0% → 0.7%new+0.7 pts
- Banks57.2% → 48.9%−8.4 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 2024 | May 2025 | Aug 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|
| Banks | 66.3% | 65.0% | 60.4% | 57.2% | 48.9% |
| Finance | 22.1% | 19.1% | 19.8% | 25.5% | 29.0% |
| Insurance | 3.5% | 11.5% | 17.6% | 15.4% | 15.4% |
| Capital Markets | 5.0% | 4.4% | 2.2% | 1.9% | 6.1% |
| Financial Technology (fintech) | 3.1% | — | — | — | 0.7% |
Allocation in Nov 2025change vs Oct 2025
- Banks (9)48.9%▼ 8.4 pts
- Finance (13)29.0%▲ 3.5 pts
- Insurance (6)15.4%
- Capital Markets (5)6.1%▲ 4.2 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, Nov 2025
3.1%
▼ 0.6 pts vs Oct 2025
- Cash alone
- 3.0%
- cash and net receivables
- A year earlier
- 12.5%
- Nov 2024 · now ▼ 9.5 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.