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Sectoral / Thematic · SBI Mutual Fund · AMFI code 112923SBI PSU Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹6,354 Cr
down ₹349 Cr vs Aug 2026
- Stocks held
- 25
- up 1 vs Aug 2026
- Top 10 weight
- 67.8%
- of the portfolio in its ten largest
- Cash & debt
- 1.3%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 1, trimmed 23
SBI PSU Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In September 2026 it disclosed 25 stocks worth ₹6,354 Cr, down ₹349 Cr from Aug 2026. Its largest positions were State Bank of India (15.7%), NTPC Limited (8.6%), Bharat Electronics Limited (7.9%); the ten largest together made up 67.8% of the portfolio, and Banks was the biggest sector at 24.8% of its equity. Cash and debt stood at 1.3%. Compared with Aug 2026 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
95%
Top-10 weight is higher than 95% of peers
Breadth
7%
Holds more stocks than 7% of peers
Cash
19%
Holds more cash than 19% of peers
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.
| State Bank of India | 15.66% | down 0.74 pts | ₹995 Cr | down ₹104 Cr | Trimmed |
| NTPC Limited | 8.61% | up 0.33 pts | ₹547 Cr | down ₹7.9 Cr | Trimmed |
| Bharat Electronics Limited | 7.87% | down 0.09 pts | ₹500 Cr | down ₹33.7 Cr | Trimmed |
| Power Grid Corporation of India Limited | 7.41% | up 0.30 pts | ₹471 Cr | down ₹5.5 Cr | Trimmed |
| GAIL (India) Limited | 6.87% | up 0.09 pts | ₹436 Cr | down ₹17.8 Cr | Trimmed |
| Bank of Baroda | 5.21% | up 0.10 pts | ₹331 Cr | down ₹11.6 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 4.63% | down 0.06 pts | ₹294 Cr | down ₹20.2 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 4.25% | down 0.04 pts | ₹270 Cr | down ₹17.6 Cr | Trimmed |
| Container Corporation of India Limited | 3.66% | down 0.31 pts | ₹233 Cr | down ₹33.5 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 3.66% | down 1.41 pts | ₹233 Cr | down ₹107 Cr | Trimmed |
| Indian Bank | 3.59% | down 0.20 pts | ₹228 Cr | down ₹26.3 Cr | Trimmed |
| PNB Housing Finance Limited | 3.13% | up 0.09 pts | ₹199 Cr | down ₹5.1 Cr | Trimmed |
| Engineers India Limited | 2.87% | up 1.34 pts | ₹183 Cr | up ₹80.1 Cr | Added |
| National Aluminium Company Limited | 2.44% | down 0.15 pts | ₹155 Cr | down ₹18.5 Cr | Trimmed |
| NMDC Limited | 2.40% | down 0.22 pts | ₹152 Cr | down ₹23.2 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 2.31% | down 0.13 pts | ₹147 Cr | down ₹16.9 Cr | Trimmed |
| General Insurance Corporation of India | 2.16% | down 0.03 pts | ₹137 Cr | down ₹9.8 Cr | Trimmed |
| Life Insurance Corporation Of India | 2.13% | down 0.01 pts | ₹135 Cr | down ₹7.8 Cr | Trimmed |
| Hindustan Aeronautics Limited | 2.02% | up 2.02 pts | ₹128 Cr | up ₹128 Cr | New |
| Petronet LNG Limited | 1.84% | down <0.01 pts | ₹117 Cr | down ₹6.6 Cr | Trimmed |
| Indraprastha Gas Limited | 1.63% | up 0.03 pts | ₹103 Cr | down ₹3.5 Cr | Trimmed |
| NHPC Limited | 1.49% | up <0.01 pts | ₹94.4 Cr | down ₹5.1 Cr | Trimmed |
| Gujarat Gas Limited | 1.31% | up 0.02 pts | ₹83.2 Cr | down ₹3.5 Cr | Trimmed |
| Canara Robeco Mutual Fund | 1.26% | down 0.12 pts | ₹80.1 Cr | down ₹12.3 Cr | Trimmed |
| Cash, TREPS & receivables | 1.26% | down 0.82 pts | ₹79.9 Cr | down ₹59.5 Cr | Trimmed |
| GSPL India Transco Ltd | 0.27% | up <0.01 pts | ₹16.9 Cr | down ₹65 L | Trimmed |
| 364 DAY T-BILL Debt | 0.08% | up <0.01 pts | ₹5 Cr | up ₹2 L | Held |
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Hindustan Aeronautics Limited2.0% · ₹128 Cr
Exited Exited (0)
None.
Added Biggest additions
- Engineers India Limitedup ₹80.1 Cr (+1.34% pts)
Trimmed Biggest reductions
- Oil & Natural Gas Corporation Limiteddown ₹107 Cr (−1.41% pts)
- State Bank of Indiadown ₹104 Cr (−0.74% 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 Aerospace & Defense (+1.9 pts) and Construction (+1.3 pts), and fell most in Oil (−1.5 pts) and Banks (−1.1 pts).
- Aerospace & Defense8.1% → 10.0%+1.9 pts
- Construction1.6% → 2.9%+1.3 pts
- Power17.2% → 17.7%+0.5 pts
- Oil5.2% → 3.7%−1.5 pts
- Banks25.8% → 24.8%−1.1 pts
- Transport Services4.1% → 3.7%−0.3 pts
- Minerals & Mining2.7% → 2.4%−0.2 pts
- Non - Ferrous Metals2.6% → 2.5%−0.2 pts
- Capital Markets1.4% → 1.3%−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 | Sep 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Banks | 32.3% | 26.4% | 26.8% | 26.9% | 25.8% | 24.8% |
| Power | 17.5% | 17.7% | 20.7% | 19.5% | 17.2% | 17.7% |
| Gas | — | 14.9% | 14.2% | 15.6% | 12.0% | 12.1% |
| Aerospace & Defense | 8.7% | 9.7% | 9.6% | 9.1% | 8.1% | 10.0% |
| Finance | 7.8% | 3.7% | — | — | 5.6% | 5.5% |
| Petroleum Products | 3.6% | 7.3% | 4.9% | 4.6% | 4.8% | 4.7% |
| Insurance | — | 7.0% | 4.4% | 6.0% | 4.4% | 4.3% |
| Electrical Equipment | 5.0% | 1.8% | 2.8% | 4.2% | 4.4% | 4.3% |
| Transport Services | — | — | — | — | 4.1% | 3.7% |
| Oil | 2.5% | 4.5% | 6.9% | 5.3% | 5.2% | 3.7% |
Allocation in Sep 2026change vs Aug 2026
- Banks (3)24.8%▼ 1.1 pts
- Power (3)17.7%▲ 0.5 pts
- Gas (5)12.1%
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.
Cash & debt, Sep 2026
1.3%
▼ 0.8 pts vs Aug 2026
- Cash alone
- 1.2%
- cash and net receivables
- A year earlier
- 2.2%
- Sep 2025 · now ▼ 0.8 pts
- Last 12 months
- 1.3% – 4.9%
- lowest to highest · record 10.1% in May 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.