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Mid Cap · SBI Mutual Fund · AMFI code 102941SBI Midcap Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹22,424 Cr
down ₹891 Cr vs Dec 2025
- Stocks held
- 54
- down 1 vs Dec 2025
- Top 10 weight
- 32.5%
- of the portfolio in its ten largest
- Cash & debt
- 2.0%
- cash, money market and debt
- Moves this month
- 0 in · 1 out
- added to 10, trimmed 33
SBI Midcap Fund is an active equity fund in the Mid Cap category from SBI Mutual Fund. In January 2026 it disclosed 54 stocks worth ₹22,424 Cr, down ₹891 Cr from Dec 2025. Its largest positions were Torrent Power Limited (4.0%), Bharat Heavy Electricals Limited (3.5%), Sundaram Finance Limited (3.5%); the ten largest together made up 32.5% of the portfolio, and Finance was the biggest sector at 12.7% of its equity. Cash and debt stood at 2.0%. Compared with Dec 2025 the fund entered 0 new stocks and exited 1.
Against 32 other Mid Cap funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
22%
Holds more stocks than 22% of peers
Cash
31%
Holds more cash than 31% of peers
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 4.02%
- Δ weight
- up 0.38 pts
- Value
- ₹902 Cr
- Δ value
- up ₹52.6 Cr
- Status
- Added
- Weight
- 3.51%
- Δ weight
- down 0.18 pts
- Value
- ₹788 Cr
- Δ value
- down ₹74.3 Cr
- Status
- Trimmed
- Weight
- 3.51%
- Δ weight
- up 0.13 pts
- Value
- ₹786 Cr
- Δ value
- down ₹72 L
- Status
- Held
- Weight
- 3.46%
- Δ weight
- up 0.37 pts
- Value
- ₹777 Cr
- Δ value
- up ₹55.8 Cr
- Status
- Added
- Weight
- 3.43%
- Δ weight
- up 0.37 pts
- Value
- ₹770 Cr
- Δ value
- up ₹56.5 Cr
- Status
- Added
- Weight
- 3.20%
- Δ weight
- up 0.10 pts
- Value
- ₹718 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 3.18%
- Δ weight
- down 0.10 pts
- Value
- ₹714 Cr
- Δ value
- down ₹52.2 Cr
- Status
- Trimmed
- Weight
- 2.89%
- Δ weight
- up 0.05 pts
- Value
- ₹649 Cr
- Δ value
- down ₹13 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- up 0.14 pts
- Value
- ₹607 Cr
- Δ value
- up ₹9.2 Cr
- Status
- Added
- Weight
- 2.55%
- Δ weight
- up 0.19 pts
- Value
- ₹572 Cr
- Δ value
- up ₹21.9 Cr
- Status
- Added
- Weight
- 2.37%
- Δ weight
- down 0.10 pts
- Value
- ₹531 Cr
- Δ value
- down ₹43.6 Cr
- Status
- Trimmed
- Weight
- 2.35%
- Δ weight
- down 0.17 pts
- Value
- ₹527 Cr
- Δ value
- down ₹61.4 Cr
- Status
- Trimmed
- Weight
- 2.30%
- Δ weight
- up 2.23 pts
- Value
- ₹515 Cr
- Δ value
- up ₹501 Cr
- Status
- Added
- Weight
- 2.25%
- Δ weight
- up 0.21 pts
- Value
- ₹503 Cr
- Δ value
- up ₹29.7 Cr
- Status
- Added
- Weight
- 2.19%
- Δ weight
- up 0.75 pts
- Value
- ₹492 Cr
- Δ value
- up ₹156 Cr
- Status
- Added
- Weight
- 2.16%
- Δ weight
- up 0.27 pts
- Value
- ₹485 Cr
- Δ value
- up ₹42.7 Cr
- Status
- Added
- Weight
- 2.16%
- Δ weight
- up 0.01 pts
- Value
- ₹484 Cr
- Δ value
- down ₹17.5 Cr
- Status
- Trimmed
- Weight
- 2.08%
- Δ weight
- down 0.02 pts
- Value
- ₹466 Cr
- Δ value
- down ₹22.9 Cr
- Status
- Trimmed
- Weight
- 2.00%
- Δ weight
- up 0.15 pts
- Value
- ₹448 Cr
- Δ value
- up ₹16.9 Cr
- Status
- Added
- Weight
- 1.98%
- Δ weight
- up 0.19 pts
- Value
- ₹444 Cr
- Δ value
- up ₹25.6 Cr
- Status
- Added
- Weight
- 1.94%
- Δ weight
- down 0.06 pts
- Value
- ₹435 Cr
- Δ value
- down ₹30.8 Cr
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- down 0.16 pts
- Value
- ₹432 Cr
- Δ value
- down ₹53.6 Cr
- Status
- Trimmed
- Weight
- 1.91%
- Δ weight
- up 0.07 pts
- Value
- ₹429 Cr
- Δ value
- down ₹58 L
- Status
- Held
- Weight
- 1.90%
- Δ weight
- down 0.24 pts
- Value
- ₹427 Cr
- Δ value
- down ₹72 Cr
- Status
- Trimmed
- Weight
- 1.89%
- Δ weight
- up 0.01 pts
- Value
- ₹423 Cr
- Δ value
- down ₹13.4 Cr
- Status
- Trimmed
- Weight
- 1.80%
- Δ weight
- down 0.14 pts
- Value
- ₹403 Cr
- Δ value
- down ₹48.5 Cr
- Status
- Trimmed
- Weight
- 1.76%
- Δ weight
- down 0.20 pts
- Value
- ₹396 Cr
- Δ value
- down ₹62.9 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.12 pts
- Value
- ₹389 Cr
- Δ value
- up ₹11.7 Cr
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.13 pts
- Value
- ₹373 Cr
- Δ value
- down ₹46.2 Cr
- Status
- Trimmed
- Weight
- 1.66%
- Δ weight
- down 0.25 pts
- Value
- ₹372 Cr
- Δ value
- down ₹73.9 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.07 pts
- Value
- ₹365 Cr
- Δ value
- down ₹29.8 Cr
- Status
- Trimmed
- Weight
- 1.54%
- Δ weight
- down 0.02 pts
- Value
- ₹345 Cr
- Δ value
- down ₹17.4 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- down 0.10 pts
- Value
- ₹334 Cr
- Δ value
- down ₹36.6 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- up 0.08 pts
- Value
- ₹333 Cr
- Δ value
- up ₹6.2 Cr
- Status
- Added
- Weight
- 1.47%
- Δ weight
- down 0.09 pts
- Value
- ₹329 Cr
- Δ value
- down ₹33.7 Cr
- Status
- Trimmed
- Weight
- 1.41%
- Δ weight
- up 0.08 pts
- Value
- ₹317 Cr
- Δ value
- up ₹5.8 Cr
- Status
- Added
- Weight
- 1.41%
- Δ weight
- down 0.07 pts
- Value
- ₹317 Cr
- Δ value
- down ₹29.3 Cr
- Status
- Trimmed
- Weight
- 1.37%
- Δ weight
- down 0.06 pts
- Value
- ₹307 Cr
- Δ value
- down ₹26.4 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 0.09 pts
- Value
- ₹296 Cr
- Δ value
- up ₹9 Cr
- Status
- Added
- Weight
- 1.29%
- Δ weight
- down 0.01 pts
- Value
- ₹290 Cr
- Δ value
- down ₹14.3 Cr
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- up 0.01 pts
- Value
- ₹288 Cr
- Δ value
- down ₹8.6 Cr
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.32 pts
- Value
- ₹279 Cr
- Δ value
- up ₹64.7 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.23%
- Δ weight
- down 2.83 pts
- Value
- ₹277 Cr
- Δ value
- down ₹670 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- up 0.10 pts
- Value
- ₹275 Cr
- Δ value
- up ₹13.5 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- down 0.12 pts
- Value
- ₹268 Cr
- Δ value
- down ₹39.8 Cr
- Status
- Trimmed
- Weight
- 1.18%
- Δ weight
- down 0.08 pts
- Value
- ₹264 Cr
- Δ value
- down ₹29.2 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.06 pts
- Value
- ₹233 Cr
- Δ value
- up ₹4.7 Cr
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.09 pts
- Value
- ₹219 Cr
- Δ value
- down ₹30.7 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.20 pts
- Value
- ₹205 Cr
- Δ value
- down ₹55.6 Cr
- Status
- Trimmed
- 91 DAY T-BILLDebt
- Weight
- 0.66%
- Δ weight
- up 0.66 pts
- Value
- ₹149 Cr
- Δ value
- up ₹149 Cr
- Status
- New
- Weight
- 0.64%
- Δ weight
- down 0.02 pts
- Value
- ₹143 Cr
- Δ value
- down ₹10.1 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up 0.01 pts
- Value
- ₹128 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.53%
- Δ weight
- down 0.37 pts
- Value
- ₹120 Cr
- Δ value
- down ₹91.8 Cr
- Status
- Trimmed
- Weight
- 0.23%
- Δ weight
- up <0.01 pts
- Value
- ₹51.7 Cr
- Δ value
- down ₹89 L
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.13%
- Δ weight
- up 0.01 pts
- Value
- ₹28.7 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 0.03%
- Δ weight
- down 0.01 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (1)
- Bajaj Finance Limitedwas 0.7% · ₹152 Cr
Added Biggest additions
- ICICI Prudential Life Insurance Company Limitedup ₹501 Cr (+2.23% pts)
- Supreme Industries Limitedup ₹156 Cr (+0.75% pts)
- Siemens Limitedup ₹64.7 Cr (+0.32% pts)
- CRISIL Limitedup ₹56.5 Cr (+0.37% 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 Dec 2025, the weight rose most in Insurance (+2.2 pts) and Industrial Products (+0.7 pts), and fell most in Finance (−0.7 pts) and Realty (−0.6 pts).
- Insurance5.4% → 7.6%+2.2 pts
- Industrial Products11.2% → 11.9%+0.7 pts
- Banks5.2% → 5.7%+0.5 pts
- Pharmaceuticals & Biotechnology6.8% → 7.0%+0.2 pts
- Capital Markets2.1% → 2.3%+0.2 pts
- Telecom - Services1.9% → 2.0%+0.1 pts
- Finance13.5% → 12.7%−0.7 pts
- Realty4.9% → 4.3%−0.6 pts
- Textiles & Apparels2.5% → 2.0%−0.5 pts
- Consumer Durables3.2% → 2.8%−0.4 pts
- IT - Services2.0% → 1.7%−0.3 pts
- Petroleum Products2.2% → 1.9%−0.3 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 | Jan 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| Finance | 11.7% | 13.9% | 13.7% | 14.3% | 13.5% | 12.7% |
| Industrial Products | 9.5% | 9.0% | 7.8% | 8.5% | 11.2% | 11.9% |
| Cement & Cement Products | 4.9% | 5.4% | 8.3% | 8.1% | 7.8% | 7.9% |
| Insurance | — | 0.5% | 3.8% | 3.9% | 5.4% | 7.6% |
| Pharmaceuticals & Biotechnology | 3.3% | 9.3% | 7.2% | 8.0% | 6.8% | 7.0% |
| Power | 2.7% | 3.5% | 2.9% | 5.2% | 6.6% | 6.6% |
| Electrical Equipment | 6.8% | 2.3% | 4.4% | 4.6% | 6.5% | 6.4% |
| Banks | 3.8% | 4.4% | 7.0% | 7.5% | 5.2% | 5.7% |
| Auto Components | 17.0% | 9.1% | 5.5% | 5.8% | 5.8% | 5.5% |
| Realty | 4.6% | 3.7% | 4.7% | 5.1% | 4.9% | 4.3% |
Allocation in Jan 2026change vs Dec 2025
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.
Cash & debt, Jan 2026
2.0%
▼ 2.8 pts vs Dec 2025
- Cash alone
- 1.3%
- cash and net receivables
- A year earlier
- 6.5%
- Jan 2025 · now ▼ 4.5 pts
- Last 12 months
- 2.0% – 8.4%
- lowest to highest · record 8.8% in Nov 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.