SBI Contra Fund
SBI Mutual Fund·Contra Fund·vs Nifty 500 TRI
The fund maintains a defensive positioning anchored in banking and pharmaceuticals, with elevated cash and a concentrated top-10 at 42 percent signaling cautious conviction. Recent exits via call options in Hindalco and Reliance suggest the manager is trimming cyclical exposure or taking profits on momentum plays, despite holding Reliance's core position. The modest 0.9 percent monthly return reflects this hedged stance—neither chasing rallies nor betting aggressively on turnarounds typical of contra strategies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹403.5940 | +0.19% | — | — | — | — | — |
| Regular Growth | ₹367.1758 | +0.13% | -5.61% | -6.90% | -2.00% | +15.47% | +18.31% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
92
Top 5 Weight
20.89%
Top 10 Weight
33.27%
Active Share
—
Large Cap
46.21%
Gini
0.481
What Changed2026-03-31 → 2026-04-30
Holdings: 97 → 95+0 added−2 removed19 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 10.53% |
| 2 | HDFC Bank Ltd. INE040A01034 | 6.59% |
| 3 | Reliance Industries Ltd. INE002A01018 | 5.35% |
| 4 | Biocon Ltd. INE376G01013 | 3.04% |
| 5 | Tata Steel Ltd. INE081A01020 | 2.98% |
| 6 | ICICI Bank Ltd. INE090A01021 | 2.93% |
| 7 | Punjab National Bank INE160A01022 | 2.68% |
| 8 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.59% |
| 9 | Torrent Power Ltd. INE813H01021 | 2.56% |
| 10 | Indus Towers Ltd. INE121J01017 | 2.43% |
| 11 | GAIL (India) Ltd. INE129A01019 | 2.12% |
| 12 | ITC Ltd. INE154A01025 | 2.06% |
| 13 | Dabur India Ltd. INE016A01026 | 1.76% |
| 14 | Tech Mahindra Ltd. INE669C01036 | 1.65% |
| 15 | Mahindra & Mahindra Financial Services Ltd. INE774D01024 | 1.56% |
| 16 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.51% |
| 17 | Bajaj Auto Ltd. INE917I01010 | 1.38% |
| 18 | Aster DM Healthcare Ltd. INE914M01019 | 1.36% |
| 19 | Axis Bank Ltd. INE238A01034 | 1.31% |
| 20 | Hindalco Industries Ltd. INE038A01020 | 1.30% |
Sector Allocation
Banks18.4%
Pharmaceuticals & Biotechnology7.3%
Petroleum Products6.4%
IT - Software4.4%
Automobiles3.9%
Telecom - Services3.7%
Power3.4%
Ferrous Metals3.4%
Gas3.1%
Cement & Cement Products2.6%
Top 10 sectors by % to NAV. Excludes derivatives.