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Sectoral / Thematic · SBI Mutual Fund · AMFI code 152774SBI Innovative Opportunities Fund
Disclosed for 26 months, Aug 2024 to Sep 2026.
Portfolio value
₹5,978 Cr
down ₹293 Cr vs Nov 2025
- Stocks held
- 35
- up 2 vs Nov 2025
- Top 10 weight
- 53.8%
- of the portfolio in its ten largest
- Cash & debt
- 3.7%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
SBI Innovative Opportunities Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In December 2025 it disclosed 35 stocks worth ₹5,978 Cr, down ₹293 Cr from Nov 2025. Its largest positions were Black Buck Ltd (9.1%), TBO Tek Limited (8.3%), Eternal Limited (8.3%); the ten largest together made up 53.8% of the portfolio, and Retailing was the biggest sector at 25.7% of its equity. Cash and debt stood at 3.7%. Compared with Nov 2025 the fund entered 2 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
67%
Top-10 weight is higher than 67% of peers
Breadth
27%
Holds more stocks than 27% of peers
Cash
55%
Holds more cash than 55% of peers
What these mean: concentration · cash
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Black Buck Ltd | 9.10% | up 0.58 pts | ₹544 Cr | up ₹9.6 Cr | Added |
| TBO Tek Limited | 8.34% | down 0.09 pts | ₹499 Cr | down ₹29.9 Cr | Trimmed |
| Eternal Limited | 8.33% | down 0.24 pts | ₹498 Cr | down ₹39.5 Cr | Trimmed |
| Divi's Laboratories Limited | 5.88% | down 0.28 pts | ₹352 Cr | down ₹34.8 Cr | Trimmed |
| Firstsource Solutions Limited | 4.52% | up 0.08 pts | ₹270 Cr | down ₹8 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 3.99% | down 2.03 pts | ₹239 Cr | down ₹139 Cr | Trimmed |
| Ather Energy Limited | 3.95% | up 0.37 pts | ₹236 Cr | up ₹11.5 Cr | Added |
| Cash, TREPS & receivables | 3.65% | down 2.99 pts | ₹218 Cr | down ₹198 Cr | Trimmed |
| Meesho Ltd | 3.59% | up 3.59 pts | ₹215 Cr | up ₹215 Cr | New |
| Honeywell Automation India Limited | 3.11% | down 0.09 pts | ₹186 Cr | down ₹14.7 Cr | Trimmed |
| Route Mobile Limited | 3.00% | up 0.28 pts | ₹179 Cr | up ₹8.6 Cr | Added |
| Happiest Minds Technologies Limited | 2.99% | down 0.10 pts | ₹179 Cr | down ₹14.9 Cr | Trimmed |
| Abbott India Limited | 2.91% | down 1.21 pts | ₹174 Cr | down ₹84.5 Cr | Trimmed |
| Bajaj Finance Limited | 2.72% | down 0.01 pts | ₹163 Cr | down ₹8.4 Cr | Trimmed |
| Info Edge (India) Limited | 2.68% | up 0.13 pts | ₹160 Cr | up ₹41 L | Held |
| Lupin Limited | 2.63% | up 0.16 pts | ₹157 Cr | up ₹2 Cr | Added |
| NIIT LEARNING SYSTEMS LTD | 2.59% | up 0.12 pts | ₹155 Cr | down ₹9 L | Held |
| Swiggy Limited | 2.58% | up 2.58 pts | ₹155 Cr | up ₹155 Cr | New |
| Thermax Limited | 2.31% | up 0.18 pts | ₹138 Cr | up ₹4.7 Cr | Added |
| PB Fintech Limited | 2.23% | up 0.55 pts | ₹133 Cr | up ₹28 Cr | Added |
| Bajaj Finserv Limited | 2.22% | up 0.05 pts | ₹133 Cr | down ₹3.5 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 1.94% | down 0.03 pts | ₹116 Cr | down ₹7.8 Cr | Trimmed |
| Indegene Limited | 1.82% | up 0.05 pts | ₹109 Cr | down ₹2.3 Cr | Trimmed |
| Go Digit General Insurance Ltd | 1.75% | up 0.02 pts | ₹104 Cr | down ₹4.1 Cr | Trimmed |
| Hero MotoCorp Limited | 1.45% | down 0.03 pts | ₹86.6 Cr | down ₹6.1 Cr | Trimmed |
| Urban Company Ltd. | 1.43% | up 0.06 pts | ₹85.4 Cr | down ₹63 L | Trimmed |
| Nazara Technologies Limited | 1.37% | down 1.29 pts | ₹82.1 Cr | down ₹85.1 Cr | Trimmed |
| Indiamart Intermesh Limited | 1.17% | up 0.01 pts | ₹70 Cr | down ₹2.7 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.12% | up 0.10 pts | ₹66.8 Cr | up ₹3.2 Cr | Added |
| TeamLease Services Limited | 1.11% | down 0.17 pts | ₹66.6 Cr | down ₹14 Cr | Trimmed |
| Grindwell Norton Ltd. | 1.05% | up 0.05 pts | ₹62.6 Cr | up ₹34 L | Added |
| Hexaware Technologies Limited | 0.71% | up 0.04 pts | ₹42.3 Cr | up ₹49 L | Added |
| Tata Motors Ltd | 0.70% | up 0.13 pts | ₹41.6 Cr | up ₹6.3 Cr | Added |
| Brainbees Solutions Ltd. | 0.48% | down 0.65 pts | ₹28.7 Cr | down ₹42.2 Cr | Trimmed |
| Lenskart Solutions Limited | 0.47% | up 0.06 pts | ₹28 Cr | up ₹2.5 Cr | Added |
| 364 DAY T-BILL Debt | 0.08% | up <0.01 pts | ₹4.8 Cr | up ₹2 L | Held |
| Capillary Technologies India Ltd. | 0.03% | up <0.01 pts | ₹1.7 Cr | up ₹7 L | Added |
What changed, Nov 2025 to Dec 2025
New New positions (2)
- Meesho Ltd3.6% · ₹215 Cr
- Swiggy Limited2.6% · ₹155 Cr
Exited Exited (0)
None.
Added Biggest additions
- PB Fintech Limitedup ₹28 Cr (+0.55% pts)
- Ather Energy Limitedup ₹11.5 Cr (+0.37% pts)
- Black Buck Ltdup ₹9.6 Cr (+0.58% pts)
- Route Mobile Limited ₹8.6 Cr (+0.28% 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 Nov 2025, the weight rose most in Retailing (+2.9 pts) and Financial Technology (fintech) (+0.5 pts), and fell most in Pharmaceuticals & Biotechnology (−1.8 pts) and Entertainment (−1.4 pts).
- Retailing22.7% → 25.7%+2.9 pts
- Financial Technology (fintech)1.8% → 2.3%+0.5 pts
- Transport Services9.1% → 9.4%+0.3 pts
- Automobiles6.5% → 6.8%+0.3 pts
- Telecom - Services2.9% → 3.1%+0.2 pts
- Agricultural, Commercial & Construction Vehicles0.6% → 0.7%+0.1 pts
- Pharmaceuticals & Biotechnology13.7% → 11.9%−1.8 pts
- Entertainment2.9% → 1.4%−1.4 pts
- Leisure Services9.0% → 8.7%−0.4 pts
- Commercial Services & Supplies6.1% → 5.9%−0.3 pts
- Industrial Manufacturing3.4% → 3.2%−0.2 pts
- IT - Software4.1% → 3.9%−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 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Retailing | 18.3% | 18.9% | 22.2% | 22.7% | 25.7% |
| Pharmaceuticals & Biotechnology | 17.6% | 20.2% | 15.4% | 13.7% | 11.9% |
| Transport Services | 5.6% | 5.9% | 8.4% | 9.1% | 9.4% |
| Leisure Services | 5.3% | 6.6% | 7.8% | 9.0% | 8.7% |
| Automobiles | 9.6% | 4.3% | 7.8% | 6.5% | 6.8% |
| Commercial Services & Supplies | 3.4% | 6.0% | 5.8% | 6.1% | 5.9% |
| Finance | 2.5% | 5.6% | 6.0% | 5.3% | 5.1% |
| IT - Software | 5.6% | 6.4% | 4.3% | 4.1% | 3.9% |
| Industrial Manufacturing | 3.1% | 3.1% | 3.1% | 3.4% | 3.2% |
| Telecom - Services | 6.2% | 4.7% | 3.8% | 2.9% | 3.1% |
Allocation in Dec 2025change vs Nov 2025
- Retailing (9)25.7%▲ 2.9 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, Dec 2025
3.7%
▼ 3.0 pts vs Nov 2025
- Cash alone
- 3.6%
- cash and net receivables
- A year earlier
- 6.7%
- Dec 2024 · now ▼ 3.0 pts
- Last 12 months
- 0.8% – 7.0%
- lowest to highest · record 38.7% in Aug 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.