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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
₹10,375 Cr
up ₹995 Cr vs Mar 2026
- Stocks held
- 33
- up 1 vs Mar 2026
- Top 10 weight
- 65.4%
- of the portfolio in its ten largest
SBI Banking And Financial Services Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In April 2026 it disclosed 33 stocks worth ₹10,375 Cr, up ₹995 Cr from Mar 2026. Its largest positions were ICICI Bank Limited (12.9%), Kotak Mahindra Bank Limited (10.0%), State Bank of India (9.6%); the ten largest together made up 65.4% of the portfolio, and Banks was the biggest sector at 55.7% of its equity. Cash and debt stood at 8.2%. Compared with Mar 2026 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
19%
Holds more stocks than 19% of peers
Cash
88%
Holds more cash than 88% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 12.87% | down 1.36 pts | ₹1,335 Cr | up ₹48 L | Held |
| Kotak Mahindra Bank Limited | 9.96% | up 0.93 pts | ₹1,033 Cr | up ₹187 Cr | Added |
| State Bank of India | 9.61% | up 1.95 pts | ₹997 Cr | up ₹279 Cr | Added |
| Cash, TREPS & receivables | 8.15% | down 1.40 pts | ₹846 Cr | down ₹50 Cr | Trimmed |
| Axis Bank Limited | 7.35% | down 0.09 pts | ₹762 Cr | up ₹64.3 Cr | Added |
| HDFC Bank Limited | 6.11% | down 0.30 pts | ₹634 Cr | up ₹33 Cr | Added |
| Bajaj Finserv Limited | 5.75% | down 0.19 pts | ₹596 Cr | up ₹39.4 Cr | Added |
| Muthoot Finance Limited | 4.54% | down 0.09 pts | ₹471 Cr | up ₹36.3 Cr | Added |
| HDFC Life Insurance Company Limited | 3.51% | down 0.40 pts | ₹364 Cr | down ₹2.3 Cr | Trimmed |
| SBI Life Insurance Company Limited | 3.20% | down 0.08 pts | ₹332 Cr | up ₹24.2 Cr | Added |
| Bajaj Finance Limited | 2.54% | up 0.14 pts | ₹263 Cr | up ₹38.1 Cr | Added |
| Angel One Limited | 2.41% | up 0.88 pts | ₹250 Cr | up ₹107 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 2.25% | down 0.22 pts | ₹233 Cr | up ₹2 Cr | Added |
| Cholamandalam Investment and Finance Company Limited | 2.11% | up 0.09 pts | ₹219 Cr | up ₹29.1 Cr | Added |
| Aptus Value Housing Finance India Limited | 1.86% | up 0.32 pts | ₹193 Cr | up ₹48.8 Cr | Added |
| Star Health And Allied Insurance Company Limited | 1.68% | up 0.06 pts | ₹175 Cr | up ₹22.7 Cr | Added |
| Bank of Baroda | 1.63% | down 0.52 pts | ₹169 Cr | down ₹33 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 1.63% | up 0.25 pts | ₹169 Cr | up ₹40.1 Cr | Added |
| Canara Bank | 1.60% | down 0.02 pts | ₹166 Cr | up ₹13.8 Cr | Added |
| Aditya Birla Capital Limited | 1.39% | up 0.09 pts | ₹144 Cr | up ₹22.2 Cr | Added |
| Computer Age Management Services Limited | 1.27% | up 1.27 pts | ₹132 Cr | up ₹132 Cr | New |
| The South Indian Bank Limited | 1.06% | up 0.04 pts | ₹110 Cr | up ₹14.7 Cr | Added |
| Mahindra & Mahindra Financial Services Limited | 1.00% | down 0.02 pts | ₹104 Cr | up ₹8.2 Cr | Added |
| LIC Housing Finance Limited | 0.96% | up 0.01 pts | ₹99.6 Cr | up ₹10.7 Cr | Added |
| Credit Analysis and Research Limited | 0.90% | up 0.04 pts | ₹93.8 Cr | up ₹12.5 Cr | Added |
| Bank of India | 0.82% | down 0.43 pts | ₹84.8 Cr | down ₹32.2 Cr | Trimmed |
| ICRA Limited | 0.80% | down 0.02 pts | ₹83.4 Cr | up ₹6.4 Cr | Added |
| 360 One WAM Limited | 0.80% | down 0.01 pts | ₹82.8 Cr | up ₹6.8 Cr | Added |
| Niva Bupa Health Insurance Company Limited | 0.69% | up 0.01 pts | ₹71.3 Cr | up ₹7.4 Cr | Added |
| Pine Labs Limited | 0.51% | up 0.05 pts | ₹52.6 Cr | up ₹10.2 Cr | Added |
| CRISIL Limited | 0.34% | up 0.01 pts | ₹35.3 Cr | up ₹4.3 Cr | Added |
| HDB Financial Services Limited | 0.34% | up 0.02 pts | ₹35.1 Cr | up ₹5.2 Cr | Added |
| Aavas Financiers Limited | 0.18% | up 0.18 pts | ₹19 Cr | up ₹19 Cr | New |
| RBL Bank Limited | 0.14% | up 0.14 pts | ₹14.9 Cr | up ₹14.9 Cr | New |
| 364 DAY T-BILL Debt | 0.05% | down <0.01 pts | ₹4.9 Cr | up ₹2 L | Held |
What changed, Mar 2026 to Apr 2026
New New positions (3)
- Computer Age Management Services Limited1.3% · ₹132 Cr
- Aavas Financiers Limited0.2% · ₹19 Cr
- RBL Bank Limited0.1% · ₹14.9 Cr
Exited Exited (2)
- BSE Limitedwas 1.1% · ₹107 Cr
- Multi Commodity Exchange of India Limitedwas 0.2% · ₹19.1 Cr
Added Biggest additions
- State Bank of Indiaup ₹279 Cr (+1.95% 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 Mar 2026, the weight rose most in Capital Markets (+0.8 pts) and Finance (+0.5 pts), and fell most in Insurance (−0.9 pts) and Banks (−0.5 pts).
- Capital Markets4.1% → 4.9%+0.8 pts
- Finance26.0% → 26.5%+0.5 pts
- Insurance13.2% → 12.3%−0.9 pts
- Banks56.2% → 55.7%−0.5 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 | Apr 2023 | Apr 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Banks | 73.2% | 73.3% | 57.2% | 50.6% | 56.2% | 55.7% |
| Finance | 20.9% | 16.5% | 25.5% | 25.6% | 26.0% | 26.5% |
| Insurance | 5.8% | 7.9% | 15.4% | 13.0% | 13.2% | 12.3% |
| Capital Markets | 0.1% | 2.3% | 1.9% | 10.0% | 4.1% | 4.9% |
| Financial Technology (fintech) | — | — | — | 0.7% | 0.5% | 0.6% |
Allocation in Apr 2026change vs Mar 2026
- Banks (10)55.7%▼ 0.5 pts
- Finance (14)26.5%▲ 0.5 pts
- Insurance (5)12.3%▼ 0.9 pts
- Capital Markets (3)4.9%▲ 0.8 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, Apr 2026
8.2%
▼ 1.4 pts vs Mar 2026
- Cash alone
- 8.1%
- cash and net receivables
- A year earlier
- 3.9%
- Apr 2025 · now ▲ 4.3 pts
- Last 12 months
- 1.3% – 9.6%
- 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.