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Multi Cap · SBI Mutual Fund · AMFI code 149882SBI MultiCap Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹22,975 Cr
down ₹749 Cr vs Dec 2025
- Stocks held
- 60
- unchanged
- Top 10 weight
- 33.2%
- of the portfolio in its ten largest
- Cash & debt
- 6.5%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 41
SBI MultiCap Fund is an active equity fund in the Multi Cap category from SBI Mutual Fund. In January 2026 it disclosed 60 stocks worth ₹22,975 Cr, down ₹749 Cr from Dec 2025. Its largest positions were Kotak Mahindra Bank Limited (4.2%), HDFC Bank Limited (3.9%), Hindalco Industries Limited (3.8%); the ten largest together made up 33.2% of the portfolio, and Banks was the biggest sector at 16.5% of its equity. Cash and debt stood at 6.5%. Compared with Dec 2025 the fund entered 1 new stock and exited 1.
Against 32 other Multi Cap funds
Concentration
75%
Top-10 weight is higher than 75% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
75%
Holds more cash than 75% 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.
- Cash, TREPS & receivables
- Weight
- 5.93%
- Δ weight
- up 1.80 pts
- Value
- ₹1,363 Cr
- Δ value
- up ₹383 Cr
- Status
- Added
- Weight
- 4.16%
- Δ weight
- down 0.19 pts
- Value
- ₹955 Cr
- Δ value
- down ₹75.4 Cr
- Status
- Trimmed
- Weight
- 3.88%
- Δ weight
- down 0.13 pts
- Value
- ₹892 Cr
- Δ value
- down ₹59.5 Cr
- Status
- Trimmed
- Weight
- 3.78%
- Δ weight
- up 0.41 pts
- Value
- ₹868 Cr
- Δ value
- up ₹68.5 Cr
- Status
- Added
- Weight
- 3.20%
- Δ weight
- up 0.13 pts
- Value
- ₹735 Cr
- Δ value
- up ₹6.6 Cr
- Status
- Added
- Weight
- 3.18%
- Δ weight
- down 0.04 pts
- Value
- ₹730 Cr
- Δ value
- down ₹32.7 Cr
- Status
- Trimmed
- Weight
- 3.17%
- Δ weight
- up 0.28 pts
- Value
- ₹729 Cr
- Δ value
- up ₹41.9 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- down 0.07 pts
- Value
- ₹701 Cr
- Δ value
- down ₹39.4 Cr
- Status
- Trimmed
- Weight
- 2.99%
- Δ weight
- down 0.15 pts
- Value
- ₹687 Cr
- Δ value
- down ₹57.6 Cr
- Status
- Trimmed
- Weight
- 2.95%
- Δ weight
- down 0.11 pts
- Value
- ₹677 Cr
- Δ value
- down ₹47.1 Cr
- Status
- Trimmed
- Weight
- 2.83%
- Δ weight
- up <0.01 pts
- Value
- ₹650 Cr
- Δ value
- down ₹20.6 Cr
- Status
- Trimmed
- Weight
- 2.75%
- Δ weight
- down 0.29 pts
- Value
- ₹632 Cr
- Δ value
- down ₹88.8 Cr
- Status
- Trimmed
- Weight
- 2.62%
- Δ weight
- up 0.23 pts
- Value
- ₹601 Cr
- Δ value
- up ₹35 Cr
- Status
- Added
- Weight
- 2.49%
- Δ weight
- down 0.37 pts
- Value
- ₹572 Cr
- Δ value
- down ₹106 Cr
- Status
- Trimmed
- Weight
- 2.47%
- Δ weight
- up <0.01 pts
- Value
- ₹567 Cr
- Δ value
- down ₹17.7 Cr
- Status
- Trimmed
- Weight
- 2.42%
- Δ weight
- down 0.06 pts
- Value
- ₹557 Cr
- Δ value
- down ₹31.4 Cr
- Status
- Trimmed
- Weight
- 2.38%
- Δ weight
- down 0.21 pts
- Value
- ₹547 Cr
- Δ value
- down ₹67.7 Cr
- Status
- Trimmed
- Weight
- 2.11%
- Δ weight
- up 0.22 pts
- Value
- ₹486 Cr
- Δ value
- up ₹35.8 Cr
- Status
- Added
- Weight
- 2.07%
- Δ weight
- up 0.10 pts
- Value
- ₹476 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Weight
- 1.98%
- Δ weight
- up 0.15 pts
- Value
- ₹456 Cr
- Δ value
- up ₹21.6 Cr
- Status
- Added
- Weight
- 1.80%
- Δ weight
- down 0.05 pts
- Value
- ₹414 Cr
- Δ value
- down ₹26.2 Cr
- Status
- Trimmed
- Weight
- 1.76%
- Δ weight
- down 0.22 pts
- Value
- ₹404 Cr
- Δ value
- down ₹64.2 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.29 pts
- Value
- ₹401 Cr
- Δ value
- up ₹56.8 Cr
- Status
- Added
- Weight
- 1.71%
- Δ weight
- up 0.04 pts
- Value
- ₹392 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.11 pts
- Value
- ₹389 Cr
- Δ value
- down ₹38.4 Cr
- Status
- Trimmed
- Weight
- 1.56%
- Δ weight
- up 1.56 pts
- Value
- ₹358 Cr
- Δ value
- up ₹358 Cr
- Status
- New
- Weight
- 1.51%
- Δ weight
- down 0.20 pts
- Value
- ₹346 Cr
- Δ value
- down ₹59.1 Cr
- Status
- Trimmed
- Weight
- 1.48%
- Δ weight
- down 0.07 pts
- Value
- ₹340 Cr
- Δ value
- down ₹28.1 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- down 0.03 pts
- Value
- ₹337 Cr
- Δ value
- down ₹17.2 Cr
- Status
- Trimmed
- Weight
- 1.28%
- Δ weight
- up 0.02 pts
- Value
- ₹294 Cr
- Δ value
- down ₹3.9 Cr
- Status
- Trimmed
- Weight
- 1.25%
- Δ weight
- up 0.13 pts
- Value
- ₹288 Cr
- Δ value
- up ₹20.6 Cr
- Status
- Added
- Weight
- 1.23%
- Δ weight
- down 0.02 pts
- Value
- ₹282 Cr
- Δ value
- down ₹13.1 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- up 0.12 pts
- Value
- ₹282 Cr
- Δ value
- up ₹19.1 Cr
- Status
- Added
- Weight
- 1.22%
- Δ weight
- down 0.05 pts
- Value
- ₹281 Cr
- Δ value
- down ₹20.6 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- up 0.12 pts
- Value
- ₹279 Cr
- Δ value
- up ₹19 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- down 0.06 pts
- Value
- ₹277 Cr
- Δ value
- down ₹23.7 Cr
- Status
- Trimmed
- Weight
- 1.11%
- Δ weight
- down 0.06 pts
- Value
- ₹254 Cr
- Δ value
- down ₹23.5 Cr
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.42 pts
- Value
- ₹254 Cr
- Δ value
- up ₹92.5 Cr
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.11 pts
- Value
- ₹253 Cr
- Δ value
- down ₹33.2 Cr
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- up 0.02 pts
- Value
- ₹252 Cr
- Δ value
- down ₹4.1 Cr
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- up 0.07 pts
- Value
- ₹248 Cr
- Δ value
- up ₹8.2 Cr
- Status
- Added
- Weight
- 1.05%
- Δ weight
- down 1.17 pts
- Value
- ₹242 Cr
- Δ value
- down ₹285 Cr
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- up 0.05 pts
- Value
- ₹232 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.01 pts
- Value
- ₹228 Cr
- Δ value
- down ₹9.3 Cr
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down <0.01 pts
- Value
- ₹223 Cr
- Δ value
- down ₹7.6 Cr
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- up 0.05 pts
- Value
- ₹217 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 0.80%
- Δ weight
- up 0.04 pts
- Value
- ₹183 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.01 pts
- Value
- ₹116 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 0.50%
- Δ weight
- up 0.01 pts
- Value
- ₹114 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- up 0.06 pts
- Value
- ₹108 Cr
- Δ value
- up ₹10.7 Cr
- Status
- Added
- Weight
- 0.46%
- Δ weight
- down <0.01 pts
- Value
- ₹105 Cr
- Δ value
- down ₹4.1 Cr
- Status
- Trimmed
- Government of IndiaDebt
- Weight
- 0.44%
- Δ weight
- up 0.01 pts
- Value
- ₹102 Cr
- Δ value
- down ₹18 L
- Status
- Held
- Weight
- 0.43%
- Δ weight
- down 0.08 pts
- Value
- ₹99 Cr
- Δ value
- down ₹21.7 Cr
- Status
- Trimmed
- Weight
- 0.31%
- Δ weight
- up 0.04 pts
- Value
- ₹70.8 Cr
- Δ value
- up ₹8.3 Cr
- Status
- Added
- Weight
- 0.29%
- Δ weight
- down 0.01 pts
- Value
- ₹66.9 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- down <0.01 pts
- Value
- ₹63.4 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 0.27%
- Δ weight
- down 0.10 pts
- Value
- ₹62.2 Cr
- Δ value
- down ₹24.9 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- down 0.02 pts
- Value
- ₹59.2 Cr
- Δ value
- down ₹7.8 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- down 0.02 pts
- Value
- ₹59.2 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down <0.01 pts
- Value
- ₹50 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 0.22%
- Δ weight
- down 0.01 pts
- Value
- ₹49.9 Cr
- Δ value
- down ₹4.9 Cr
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.08%
- Δ weight
- up <0.01 pts
- Value
- ₹19.1 Cr
- Δ value
- up ₹6 L
- Status
- Held
- Weight
- <0.01%
- Δ weight
- down 0.81 pts
- Value
- ₹52 L
- Δ value
- down ₹193 Cr
- Status
- Trimmed
What changed, Dec 2025 to Jan 2026
New New positions (1)
- Biocon Limited1.6% · ₹358 Cr
Exited Exited (1)
- Muthoot Finance Limitedwas 1.6% · ₹371 Cr
Added Biggest additions
- Balkrishna Industries Limitedup ₹92.5 Cr (+0.42% pts)
- Hindalco Industries Limitedup ₹68.5 Cr (+0.41% pts)
- Aether Industries Ltd.up ₹56.8 Cr (+0.29% pts)
- Indus Towers 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 Dec 2025, the weight rose most in Pharmaceuticals & Biotechnology (+1.7 pts) and Auto Components (+0.5 pts), and fell most in Finance (−1.6 pts) and Minerals & Mining (−1.2 pts).
- Pharmaceuticals & Biotechnology2.6% → 4.3%+1.7 pts
- Auto Components3.1% → 3.6%+0.5 pts
- Non - Ferrous Metals3.5% → 4.0%+0.5 pts
- Chemicals & Petrochemicals3.1% → 3.4%+0.3 pts
- Telecom - Services6.2% → 6.5%+0.3 pts
- Power5.8% → 6.1%+0.3 pts
- Finance6.7% → 5.1%−1.6 pts
- Minerals & Mining2.3% → 1.1%−1.2 pts
- Leisure Services4.7% → 4.4%−0.4 pts
- Banks16.8% → 16.5%−0.3 pts
- Fertilizers & Agrochemicals3.0% → 2.7%−0.3 pts
- Textiles & Apparels4.5% → 4.4%−0.1 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 |
|---|---|---|---|---|---|---|
| Banks | 16.8% | 12.0% | 17.1% | 17.4% | 16.8% | 16.5% |
| Consumer Durables | 8.7% | 10.2% | 11.9% | 11.1% | 10.7% | 10.6% |
| Telecom - Services | — | 6.1% | 5.5% | 5.8% | 6.2% | 6.5% |
| Power | 1.2% | 3.5% | 2.7% | 6.2% | 5.8% | 6.1% |
| Finance | 3.7% | 5.9% | 9.2% | 7.5% | 6.7% | 5.1% |
| Retailing | 6.3% | 4.7% | 7.5% | 5.7% | 5.1% | 5.0% |
| Healthcare Services | 3.6% | 4.9% | 3.5% | 3.3% | 4.3% | 4.5% |
| Leisure Services | — | 5.2% | 4.6% | 4.7% | 4.7% | 4.4% |
| Textiles & Apparels | 6.1% | 6.0% | 6.1% | 5.2% | 4.5% | 4.4% |
| Pharmaceuticals & Biotechnology | 3.9% | 3.4% | 2.9% | 2.8% | 2.6% | 4.3% |
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
6.5%
▲ 1.8 pts vs Dec 2025
- Cash alone
- 5.9%
- cash and net receivables
- A year earlier
- 4.2%
- Jan 2025 · now ▲ 2.3 pts
- Last 12 months
- 2.1% – 10.2%
- lowest to highest · record 10.2% in Aug 2025
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.