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Value / Contra · SBI Mutual Fund · AMFI code 100915SBI Contra Fund
Disclosed for 43 months, Nov 2013 to Sep 2026.
Portfolio value
₹45,068 Cr
down ₹2,522 Cr vs Aug 2026
- Stocks held
- 87
- up 2 vs Aug 2026
- Top 10 weight
- 32.8%
- of the portfolio in its ten largest
- Cash & debt
- 8.1%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
- added to 10, trimmed 68
SBI Contra Fund is an active equity fund in the Value / Contra category from SBI Mutual Fund. In September 2026 it disclosed 87 stocks worth ₹45,068 Cr, down ₹2,522 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (4.8%), Reliance Industries Limited (4.7%), ICICI Bank Limited (4.4%); the ten largest together made up 32.8% of the portfolio, and Banks was the biggest sector at 22.0% of its equity. Cash and debt stood at 8.1%. Compared with Aug 2026 the fund entered 2 new stocks and exited 0.
Against 26 other Value / Contra funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
96%
Holds more stocks than 96% of peers
Cash
88%
Holds more cash than 88% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 5.91% | down 1.14 pts | ₹2,663 Cr | down ₹693 Cr | Trimmed |
| HDFC Bank Limited | 4.79% | up 0.25 pts | ₹2,158 Cr | down ₹91 L | Held |
| Reliance Industries Limited | 4.67% | down 0.09 pts | ₹2,103 Cr | down ₹159 Cr | Trimmed |
| ICICI Bank Limited | 4.36% | down 0.18 pts | ₹1,967 Cr | down ₹197 Cr | Trimmed |
| Biocon Limited | 3.29% | down 0.18 pts | ₹1,484 Cr | down ₹167 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 3.15% | up 0.28 pts | ₹1,419 Cr | up ₹52.4 Cr | Added |
| Punjab National Bank | 2.91% | up 0.13 pts | ₹1,310 Cr | down ₹13.6 Cr | Trimmed |
| Indus Towers Limited | 2.66% | up 0.04 pts | ₹1,199 Cr | down ₹50.1 Cr | Trimmed |
| Torrent Power Limited | 2.48% | up 0.19 pts | ₹1,119 Cr | up ₹27.7 Cr | Added |
| GAIL (India) Limited | 2.33% | up 0.03 pts | ₹1,049 Cr | down ₹42.8 Cr | Trimmed |
| Tata Steel Limited | 2.13% | up 0.11 pts | ₹960 Cr | down ₹26 L | Held |
| Mahindra & Mahindra Financial Services Limited | 1.95% | down 0.17 pts | ₹877 Cr | down ₹130 Cr | Trimmed |
| ITC Limited | 1.81% | up 0.14 pts | ₹815 Cr | up ₹22.5 Cr | Added |
| Tech Mahindra Limited | 1.79% | down 0.02 pts | ₹807 Cr | down ₹55.1 Cr | Trimmed |
| State Bank of India | 1.60% | down 0.07 pts | ₹720 Cr | down ₹75.4 Cr | Trimmed |
| Dabur India Limited | 1.59% | up 0.08 pts | ₹716 Cr | down ₹1.7 Cr | Held |
| JSW Infrastructure Ltd | 1.58% | up 0.15 pts | ₹713 Cr | up ₹33.2 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.58% | down 0.05 pts | ₹710 Cr | down ₹65.6 Cr | Trimmed |
| Bandhan Bank Limited | 1.46% | up 0.14 pts | ₹657 Cr | up ₹30.8 Cr | Added |
| Aster DM Healthcare Limited | 1.42% | down 0.04 pts | ₹641 Cr | down ₹54.1 Cr | Trimmed |
| Bajaj Auto Limited | 1.35% | down 0.08 pts | ₹606 Cr | down ₹70 Cr | Trimmed |
| Axis Bank Limited | 1.33% | down 0.01 pts | ₹601 Cr | down ₹36.3 Cr | Trimmed |
| Cognizant Technology Solutions Corporation | 1.32% | down 0.08 pts | ₹595 Cr | down ₹70.3 Cr | Trimmed |
| Delhivery Limited | 1.26% | down 0.07 pts | ₹569 Cr | down ₹64.6 Cr | Trimmed |
| Bharti Airtel Limited | 1.23% | up 0.03 pts | ₹554 Cr | down ₹17.3 Cr | Trimmed |
| Samvardhana Motherson International Limited | 1.21% | up 0.01 pts | ₹543 Cr | down ₹24.7 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.20% | up 0.03 pts | ₹540 Cr | down ₹14.3 Cr | Trimmed |
| Hindalco Industries Limited | 1.18% | down 0.02 pts | ₹531 Cr | down ₹41.5 Cr | Trimmed |
| Tata Motors Ltd | 1.16% | down 0.07 pts | ₹523 Cr | down ₹61.3 Cr | Trimmed |
| Cipla Limited | 1.15% | up 0.01 pts | ₹516 Cr | down ₹24.2 Cr | Trimmed |
| NHPC Limited | 1.08% | up <0.01 pts | ₹488 Cr | down ₹26.2 Cr | Trimmed |
| Indian Oil Corporation Limited | 1.08% | up 0.03 pts | ₹486 Cr | down ₹15.1 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.08% | down 0.11 pts | ₹485 Cr | down ₹80.1 Cr | Trimmed |
| Epam Systems Inc | 1.05% | down 0.03 pts | ₹473 Cr | down ₹38.5 Cr | Trimmed |
| UPL Limited | 1.05% | up 0.01 pts | ₹473 Cr | down ₹19.7 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.04% | down 0.08 pts | ₹471 Cr | down ₹62.2 Cr | Trimmed |
| Tata Motors Limited | 1.03% | down 0.03 pts | ₹465 Cr | down ₹41.6 Cr | Trimmed |
| One 97 Communications Limited | 1.02% | up 0.03 pts | ₹461 Cr | down ₹10.8 Cr | Trimmed |
| Embassy Office Parks REIT REIT / InvIT | 1.01% | up 0.04 pts | ₹457 Cr | down ₹4.3 Cr | Trimmed |
| Swiggy Limited | 1.00% | up 1.00 pts | ₹450 Cr | up ₹450 Cr | New |
| 364 Days Tbill (MD Debt | 0.94% | up 0.05 pts | ₹423 Cr | up ₹1.8 Cr | Held |
| United Spirits Limited | 0.88% | down 0.04 pts | ₹398 Cr | down ₹39.9 Cr | Trimmed |
| Larsen & Toubro Limited | 0.84% | down 0.02 pts | ₹378 Cr | down ₹28.6 Cr | Trimmed |
| JSW Energy Limited | 0.83% | up <0.01 pts | ₹372 Cr | down ₹19.3 Cr | Trimmed |
| JSW Steel Limited | 0.81% | up 0.01 pts | ₹363 Cr | down ₹15.7 Cr | Trimmed |
| Whirlpool of India Limited | 0.80% | up 0.12 pts | ₹360 Cr | up ₹35.2 Cr | Added |
| Grasim Industries Limited | 0.76% | down 0.03 pts | ₹342 Cr | down ₹34.5 Cr | Trimmed |
| Mankind Pharma Limited | 0.74% | up 0.06 pts | ₹333 Cr | up ₹11.2 Cr | Added |
| Gland Pharma Limited | 0.72% | up 0.04 pts | ₹323 Cr | up ₹1.5 Cr | Held |
| Neogen Chemicals Ltd. | 0.68% | up 0.10 pts | ₹306 Cr | up ₹31.3 Cr | Added |
What changed, Aug 2026 to Sep 2026
New New positions (2)
- Swiggy Limited1.0% · ₹450 Cr
- Wipro Limited0.5% · ₹238 Cr
Exited Exited (0)
None.
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹52.4 Cr (+0.28% pts)
- Whirlpool of India Limitedup ₹35.2 Cr (+0.12% pts)
- JSW Infrastructure Ltdup ₹33.2 Cr (+0.15% pts)
- Neogen Chemicals Ltd.
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 Aug 2026, the weight rose most in Retailing (+1.0 pts) and IT - Software (+0.4 pts), and fell most in Pharmaceuticals & Biotechnology (−0.6 pts) and Automobiles (−0.3 pts).
- Retailing1.8% → 2.8%+1.0 pts
- IT - Software3.5% → 3.9%+0.4 pts
- Banks21.8% → 22.0%+0.2 pts
- Transport Infrastructure1.6% → 1.7%+0.1 pts
- Diversified FMCG1.8% → 2.0%+0.1 pts
- Pharmaceuticals & Biotechnology7.9% → 7.3%−0.6 pts
- Automobiles4.6% → 4.3%−0.3 pts
- Finance2.3% → 2.1%−0.2 pts
- Petroleum Products6.4% → 6.3%−0.2 pts
- IT - Services2.7% → 2.6%−0.2 pts
- Insurance1.9% → 1.8%−0.2 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 | Sep 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Banks | 18.9% | 22.7% | 21.8% | 22.0% | 21.8% | 22.0% |
| Pharmaceuticals & Biotechnology | 8.0% | 7.7% | 9.1% | 8.3% | 7.9% | 7.3% |
| Petroleum Products | 4.1% | 8.5% | 7.7% | 6.7% | 6.4% | 6.3% |
| Power | 6.0% | 3.0% | 3.3% | 6.3% | 5.4% | 5.5% |
| Automobiles | 3.9% | 6.0% | 4.5% | 4.4% | 4.6% | 4.3% |
| Telecom - Services | 1.1% | 3.3% | 4.7% | 4.4% | 4.2% | 4.2% |
| IT - Software | 4.0% | 4.9% | 5.5% | 3.8% | 3.5% | 3.9% |
| Ferrous Metals | 2.0% | 3.7% | 4.3% | 3.5% | 3.1% | 3.2% |
| Gas | 4.5% | 3.7% | 3.5% | 3.8% | 3.3% | 3.2% |
| Cement & Cement Products | 5.5% | 3.4% | 2.7% | 3.0% | 3.1% | 3.1% |
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, Sep 2026
8.1%
▼ 1.7 pts vs Aug 2026
- Cash alone
- 5.9%
- cash and net receivables
- A year earlier
- 19.1%
- Sep 2025 · now ▼ 11.0 pts
- Last 12 months
- 8.1% – 19.3%
- lowest to highest · record 26.1% in Mar 2023
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.