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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
₹10,106 Cr
up ₹293 Cr vs Nov 2025
- Stocks held
- 35
- up 1 vs Nov 2025
- Top 10 weight
- 63.1%
- 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 December 2025 it disclosed 35 stocks worth ₹10,106 Cr, up ₹293 Cr from Nov 2025. Its largest positions were HDFC Bank Limited (12.4%), Kotak Mahindra Bank Limited (8.6%), Axis Bank Limited (7.3%); the ten largest together made up 63.1% of the portfolio, and Banks was the biggest sector at 47.1% of its equity. Cash and debt stood at 3.2%. Compared with Nov 2025 the fund entered 2 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
88%
Top-10 weight is higher than 88% of peers
Breadth
27%
Holds more stocks than 27% of peers
Cash
46%
Holds more cash than 46% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 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 | 12.39% | down 0.58 pts | ₹1,252 Cr | down ₹20.7 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 8.58% | up 0.81 pts | ₹867 Cr | up ₹104 Cr | Added |
| Axis Bank Limited | 7.34% | up 0.51 pts | ₹741 Cr | up ₹71.4 Cr | Added |
| Bajaj Finserv Limited | 6.89% | down 0.39 pts | ₹696 Cr | down ₹18.5 Cr | Trimmed |
| State Bank of India | 6.54% | down 0.17 pts | ₹661 Cr | up ₹2.2 Cr | Held |
| ICICI Bank Limited | 5.89% | down 0.38 pts | ₹596 Cr | down ₹20.4 Cr | Trimmed |
| SBI Life Insurance Company Limited | 4.85% | up 0.02 pts | ₹490 Cr | up ₹16.6 Cr | Added |
| Muthoot Finance Limited | 4.05% | down 0.05 pts | ₹409 Cr | up ₹7.3 Cr | Added |
| ICICI Prudential Asset Management Company Limited | 3.50% | up 3.50 pts | ₹353 Cr | up ₹353 Cr | New |
| Cash, TREPS & receivables | 3.12% | up 0.11 pts | ₹316 Cr | up ₹20.3 Cr | Added |
| Multi Commodity Exchange of India Limited | 3.10% | up 0.95 pts | ₹313 Cr | up ₹102 Cr | Added |
| Bank of Baroda | 2.92% | down 0.03 pts | ₹295 Cr | up ₹6.1 Cr | Added |
| HDFC Life Insurance Company Limited | 2.72% | down 0.14 pts | ₹275 Cr | down ₹5.3 Cr | Trimmed |
| Bajaj Finance Limited | 2.64% | down 0.22 pts | ₹266 Cr | down ₹13.7 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 2.62% | up 0.75 pts | ₹264 Cr | up ₹81 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 2.58% | up 0.12 pts | ₹261 Cr | up ₹18.9 Cr | Added |
| Max Financial Services Limited | 2.16% | down 0.24 pts | ₹218 Cr | down ₹17.1 Cr | Trimmed |
| Aptus Value Housing Finance India Limited | 2.05% | down 0.06 pts | ₹208 Cr | — | Held |
| SBI Cards and Payment Services Limited | 1.82% | down 0.09 pts | ₹184 Cr | down ₹3.9 Cr | Trimmed |
| Star Health And Allied Insurance Company Limited | 1.50% | down 0.16 pts | ₹151 Cr | down ₹11 Cr | Trimmed |
| Aditya Birla Capital Limited | 1.47% | down 1.80 pts | ₹149 Cr | down ₹173 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 1.33% | up 0.07 pts | ₹135 Cr | up ₹10.4 Cr | Added |
| BSE Limited | 1.30% | down 0.18 pts | ₹132 Cr | down ₹13.5 Cr | Trimmed |
| Bank of India | 1.28% | down 1.45 pts | ₹129 Cr | down ₹138 Cr | Trimmed |
| 360 One WAM Limited | 0.94% | down 0.02 pts | ₹95.2 Cr | up ₹54 L | Added |
| ICRA Limited | 0.92% | down 0.05 pts | ₹93.4 Cr | down ₹1.9 Cr | Trimmed |
| Credit Analysis and Research Limited | 0.89% | up 0.02 pts | ₹89.8 Cr | up ₹4.4 Cr | Added |
| Cholamandalam Financial Holdings Limited | 0.73% | down 0.04 pts | ₹73.4 Cr | down ₹1.3 Cr | Trimmed |
| Angel One Limited | 0.72% | down 0.14 pts | ₹72.7 Cr | down ₹11.2 Cr | Trimmed |
| The South Indian Bank Limited | 0.68% | up 0.33 pts | ₹69 Cr | up ₹34.1 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 0.68% | down 0.01 pts | ₹68.6 Cr | up ₹96 L | Added |
| Pine Labs Limited | 0.64% | down 0.05 pts | ₹65 Cr | down ₹2.8 Cr | Trimmed |
| HDB Financial Services Limited | 0.41% | down 0.01 pts | ₹41 Cr | down ₹9 L | Held |
| CRISIL Limited | 0.35% | down 0.02 pts | ₹35.5 Cr | down ₹84 L | Trimmed |
| Billionbrains Garage Ventures Ltd | 0.23% | down 0.25 pts | ₹23.4 Cr | down ₹24.2 Cr | Trimmed |
| PB Fintech Limited | 0.12% | up 0.12 pts | ₹12.2 Cr | up ₹12.2 Cr | New |
| 364 DAY T-BILL Debt | 0.05% | down <0.01 pts | ₹4.8 Cr | up ₹2 L | Held |
What changed, Nov 2025 to Dec 2025
New New positions (2)
- ICICI Prudential Asset Management Company Limited3.5% · ₹353 Cr
- PB Fintech Limited0.1% · ₹12.2 Cr
Exited Exited (1)
- Canara Bankwas 0.8% · ₹75.8 Cr
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹104 Cr (+0.81% pts)
- Multi Commodity Exchange of India Limitedup ₹102 Cr (+0.95% pts)
- Shriram Transport Finance 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 Nov 2025, the weight rose most in Capital Markets (+4.0 pts), and fell most in Finance (−1.9 pts) and Banks (−1.7 pts).
- Capital Markets6.1% → 10.1%+4.0 pts
- Finance29.0% → 27.0%−1.9 pts
- Banks48.9% → 47.1%−1.7 pts
- Insurance15.4% → 15.0%−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 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Banks | 68.5% | 56.3% | 56.6% | 48.9% | 47.1% |
| Finance | 21.0% | 25.3% | 26.0% | 29.0% | 27.0% |
| Insurance | 3.7% | 13.8% | 15.7% | 15.4% | 15.0% |
| Capital Markets | 6.8% | 4.6% | 1.7% | 6.1% | 10.1% |
| Financial Technology (fintech) | — | — | — | 0.7% | 0.8% |
Allocation in Dec 2025change vs Nov 2025
- Banks (8)47.1%▼ 1.7 pts
- Finance (13)27.0%▼ 1.9 pts
- Insurance (6)15.0%▼ 0.4 pts
- Capital Markets (6)10.1%▲ 4.0 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, Dec 2025
3.2%
▲ 0.1 pts vs Nov 2025
- Cash alone
- 3.1%
- cash and net receivables
- A year earlier
- 17.7%
- Dec 2024 · now ▼ 14.5 pts
- Last 12 months
- 1.7% – 15.1%
- 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.