SBI Flexi Cap Fund
The fund is positioned defensively around large-cap financials and cyclicals, with banks commanding over a quarter of the portfolio. Recent moves signal conviction in power and metals plays while trimming some finance and materials exposure, suggesting the manager sees value in infrastructure-linked recovery themes. The concentrated top-10 structure and active sector rotation indicate tactical positioning rather than passive benchmark tracking.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹118.4120 | -1.24% | — | — | — |
| Regular Growth | ₹105.3049 | -1.30% | -1.41% | +10.12% | +10.61% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Tata Power Company Ltd. | 2.37% |
| Bharat Petroleum Corporation Ltd. | 2.00% |
| Aurobindo Pharma Ltd. | 1.70% |
| Power Finance Corporation Ltd. | 1.40% |
| NMDC Ltd. | 1.26% |
| Adani Ports and Special Economic Zone Ltd. | 1.10% |
| The Federal Bank Ltd. | 1.00% |
| Titan Company Ltd. | 0.96% |
| RBL Bank Ltd. | 0.68% |
| Emcure Pharmaceuticals Ltd. | 0.68% |
| Vedanta Aluminium Metal Ltd. | 0.32% |
| Vedanta Iron and Steel Ltd. | 0.32% |
| Talwandi Sabo Power Ltd. | 0.32% |
| Malco Energy Ltd. | 0.32% |
| Bandhan Bank Ltd. | 0.16% |
| Torrent Power Ltd. | 0.07% |
| 91 DAY T-BILL 30.07.26 | 0.22% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 5.52% |
| 2 | State Bank of India INE062A01020 | 5.02% |
| 3 | Axis Bank Ltd. INE238A01034 | 4.42% |
| 4 | HDFC Bank Ltd. INE040A01034 | 4.39% |
| 5 | Larsen & Toubro Ltd. INE018A01030 | 3.98% |
| 6 | Tata Steel Ltd. INE081A01020 | 3.43% |
| 7 | NTPC Ltd. INE733E01010 | 3.31% |
| 8 | Bajaj Auto Ltd. INE917I01010 | 2.67% |
| 9 | Tata Power Company Ltd. INE245A01021 | 2.37% |
| 10 | Infosys Ltd. INE009A01021 | 2.11% |
| 11 | TREPS | 2.10% |
| 12 | Reliance Industries Ltd. INE002A01018 | 2.09% |
| 13 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 2.08% |
| 14 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 2.06% |
| 15 | Microsoft Corporation US5949181045 | 2.04% |
| 16 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.00% |
| 17 | Bharat Petroleum Corporation Ltd. INE029A01011 | 2.00% |
| 18 | Max Financial Services Ltd. INE180A01020 | 1.92% |
| 19 | Eicher Motors Ltd. INE066A01021 | 1.83% |
| 20 | Aurobindo Pharma Ltd. INE406A01037 | 1.70% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Flexi Cap Fund hold?
SBI Flexi Cap Fund holds 83 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.33% of NAV.
What is the largest holding in SBI Flexi Cap Fund?
The largest position in SBI Flexi Cap Fund is ICICI Bank Ltd., accounting for 5.52% of NAV in the Banks sector.
Is SBI Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.479, SBI Flexi Cap Fund is moderately concentrated. The HHI concentration index is 22,467 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.33% of the portfolio.
What is the market cap allocation of SBI Flexi Cap Fund?
Based on SEBI's AMFI classification, SBI Flexi Cap Fund's equity portfolio is split as: Large Cap: 62.52%, Mid Cap: 13.75%, Small Cap: 14.49%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Flexi Cap Fund invest in most?
SBI Flexi Cap Fund has the highest allocation to Banks (25.16%), Ferrous Metals (6.95%), Pharmaceuticals & Biotechnology (6.10%). The fund is invested across 30 sectors in total.
How actively managed is SBI Flexi Cap Fund compared to other Flexi Cap Fund funds?
SBI Flexi Cap Fund has an Active Share of 60.98%, classifying it as "Active Stock Picker" among 41 Flexi Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in SBI Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Flexi Cap Fund added 17 new stocks (including Tata Power Company Ltd.) and exited 10 stocks (including 91 DAY T-BILL 23.04.26). Total holding count increased from 78 to 85 stocks.