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Focused · SBI Mutual Fund · AMFI code 119725SBI Focused Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹50,180 Cr
down ₹1,067 Cr vs Aug 2026
- Stocks held
- 26
- unchanged
- Top 10 weight
- 56.9%
- of the portfolio in its ten largest
- Cash & debt
- 8.3%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 9, trimmed 17
SBI Focused Fund is an active equity fund in the Focused category from SBI Mutual Fund. In September 2026 it disclosed 26 stocks worth ₹50,180 Cr, down ₹1,067 Cr from Aug 2026. Its largest positions were Bajaj Finance Limited (9.0%), Alphabet Inc. (7.2%), ICICI Bank Limited (7.1%); the ten largest together made up 56.9% of the portfolio, and Banks was the biggest sector at 19.7% of its equity. Cash and debt stood at 8.3%. Compared with Aug 2026 the fund entered 0 new stocks and exited 0.
Against 23 other Focused funds
Concentration
91%
Top-10 weight is higher than 91% of peers
Breadth
9%
Holds more stocks than 9% of peers
Cash
78%
Holds more cash than 78% 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.
| Bajaj Finance Limited | 8.99% | up 0.53 pts | ₹4,509 Cr | up ₹175 Cr | Added |
| Cash, TREPS & receivables | 7.37% | up 1.17 pts | ₹3,697 Cr | up ₹519 Cr | Added |
| Alphabet Inc. | 7.24% | up 0.29 pts | ₹3,633 Cr | up ₹69.8 Cr | Added |
| ICICI Bank Limited | 7.11% | down 0.55 pts | ₹3,569 Cr | down ₹357 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 5.82% | up 0.09 pts | ₹2,919 Cr | down ₹16.8 Cr | Trimmed |
| State Bank of India | 5.16% | down 0.42 pts | ₹2,591 Cr | down ₹271 Cr | Trimmed |
| Muthoot Finance Limited | 4.97% | up 0.21 pts | ₹2,492 Cr | up ₹53.2 Cr | Added |
| Bharti Airtel Limited | 4.90% | down 0.05 pts | ₹2,460 Cr | down ₹76.9 Cr | Trimmed |
| Adani Power Limited | 4.47% | up 0.22 pts | ₹2,244 Cr | up ₹66 Cr | Added |
| Solar Industries India Limited | 4.32% | up <0.01 pts | ₹2,167 Cr | down ₹44.9 Cr | Trimmed |
| Adani Energy Solutions Limited | 3.93% | down 0.22 pts | ₹1,972 Cr | down ₹154 Cr | Trimmed |
| Life Insurance Corporation Of India | 3.31% | down 0.12 pts | ₹1,660 Cr | down ₹95.8 Cr | Trimmed |
| Epam Systems Inc | 3.30% | down 0.19 pts | ₹1,654 Cr | down ₹135 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 3.14% | up 0.13 pts | ₹1,577 Cr | up ₹32.2 Cr | Added |
| Adani Enterprises Limited | 3.04% | up 0.30 pts | ₹1,524 Cr | up ₹123 Cr | Added |
| Meesho Ltd | 2.63% | up 0.31 pts | ₹1,322 Cr | up ₹130 Cr | Added |
| Lenskart Solutions Limited | 2.42% | up 0.13 pts | ₹1,215 Cr | up ₹40.2 Cr | Added |
| Divi's Laboratories Limited | 2.41% | down 0.49 pts | ₹1,208 Cr | down ₹278 Cr | Trimmed |
| DLF Limited | 2.33% | down 0.01 pts | ₹1,167 Cr | down ₹29.5 Cr | Trimmed |
| Jubilant Foodworks Limited | 2.28% | down 0.14 pts | ₹1,142 Cr | down ₹98.3 Cr | Trimmed |
| Hatsun Agro Product Limited | 2.01% | down 0.12 pts | ₹1,011 Cr | down ₹84.1 Cr | Trimmed |
| Eicher Motors Limited | 1.99% | down 0.18 pts | ₹1,001 Cr | down ₹112 Cr | Trimmed |
| Torrent Power Limited | 1.74% | up 0.08 pts | ₹872 Cr | up ₹21.6 Cr | Added |
| Vishal Mega Mart Limited | 1.41% | down 0.10 pts | ₹707 Cr | down ₹67.5 Cr | Trimmed |
| Thermax Limited | 1.35% | down 0.40 pts | ₹677 Cr | down ₹220 Cr | Trimmed |
| Procter & Gamble Hygiene and Health Care Limited | 1.22% | down 0.18 pts | ₹612 Cr | down ₹106 Cr | Trimmed |
| Samvardhana Motherson International Ltd. Debt | 0.81% | up 0.02 pts | ₹407 Cr | up ₹11 L | Held |
| Bajaj Finserv Limited | 0.20% | down 0.29 pts | ₹99 Cr | down ₹150 Cr | Trimmed |
| 364 DAY T-BILL Debt | 0.15% | up <0.01 pts | ₹74.5 Cr | up ₹31 L | Held |
What changed, Aug 2026 to Sep 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Bajaj Finance Limitedup ₹175 Cr (+0.53% pts)
- Meesho Ltdup ₹130 Cr (+0.31% pts)
- Adani Enterprises Limitedup ₹123 Cr (+0.30% pts)
- Alphabet Inc.up ₹69.8 Cr (+0.29% pts)
- Adani Power Limitedup ₹66 Cr (+0.22% 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 Aug 2026, the weight rose most in Finance (+0.7 pts) and Retailing (+0.5 pts), and fell most in Banks (−0.7 pts) and Pharmaceuticals & Biotechnology (−0.5 pts).
- Finance14.8% → 15.4%+0.7 pts
- Retailing6.6% → 7.1%+0.5 pts
- IT - Software7.5% → 7.9%+0.4 pts
- Metals & Minerals Trading2.9% → 3.3%+0.4 pts
- Power10.8% → 11.1%+0.2 pts
- Auto Components3.2% → 3.4%+0.2 pts
- Banks20.4% → 19.7%−0.7 pts
- Pharmaceuticals & Biotechnology3.1% → 2.6%−0.5 pts
- Electrical Equipment1.9% → 1.5%−0.4 pts
- Personal Products1.5% → 1.3%−0.2 pts
- Automobiles2.3% → 2.2%−0.2 pts
- IT - Services3.8% → 3.6%−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 | 24.4% | 21.4% | 17.3% | 21.8% | 20.4% | 19.7% |
| Finance | 12.6% | 11.2% | 16.2% | 14.7% | 14.8% | 15.4% |
| Power | — | 5.9% | 11.6% | 13.1% | 10.8% | 11.1% |
| IT - Software | 7.7% | 8.1% | 10.7% | 8.5% | 7.5% | 7.9% |
| Retailing | 3.5% | 4.7% | 6.9% | 6.5% | 6.6% | 7.1% |
| Telecom - Services | 9.8% | 4.9% | 6.5% | 5.9% | 5.3% | 5.3% |
| Chemicals & Petrochemicals | 3.9% | 3.9% | 3.7% | 4.7% | 4.6% | 4.7% |
| Insurance | 5.5% | — | — | — | 3.7% | 3.6% |
| IT - Services | — | 4.0% | 3.2% | 2.7% | 3.8% | 3.6% |
| Auto Components | 4.0% | 6.3% | 4.9% | 2.7% | 3.2% | 3.4% |
Allocation in Sep 2026change vs Aug 2026
- Banks (3)19.7%▼ 0.7 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, Sep 2026
8.3%
▲ 1.2 pts vs Aug 2026
- Cash alone
- 7.3%
- cash and net receivables
- A year earlier
- 4.6%
- Sep 2025 · now ▲ 3.8 pts
- Last 12 months
- 3.3% – 12.4%
- lowest to highest · record 12.4% in Feb 2026
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.