SBI Large Cap Fund
SBI Mutual Fund·Large Cap Fund·vs Nifty 100 TRI
The fund maintains a classic large-cap barbell, anchored heavily in financials and energy while diversifying into resilient sectors like IT and insurance. The six new additions suggest the manager is rotating toward power and metals plays, likely betting on infrastructure demand and commodity tailwinds, while trimming cyclical exposure through exits in aluminium and petroleum. This tactical reshuffling signals conviction in the domestic growth narrative rather than defensive positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹90.0494 | -0.40% | -5.25% | -5.20% | -0.24% | +10.91% | +11.91% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
52
Top 5 Weight
32.55%
Top 10 Weight
49.51%
Active Share
—
Large Cap
78.28%
Gini
0.498
What Changed2026-03-31 → 2026-04-30
Holdings: 50 → 54+6 added−2 removed20 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 0.62% |
| Torrent Power Ltd. | 0.35% |
| Vedanta Aluminium Metal Ltd. | 0.24% |
| Vedanta Iron and Steel Ltd. | 0.24% |
| Talwandi Sabo Power Ltd. | 0.24% |
| Malco Energy Ltd. | 0.24% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 8.73% |
| 2 | ICICI Bank Ltd. INE090A01021 | 7.76% |
| 3 | Reliance Industries Ltd. INE002A01018 | 6.56% |
| 4 | Larsen & Toubro Ltd. INE018A01030 | 5.56% |
| 5 | Infosys Ltd. INE009A01021 | 3.94% |
| 6 | State Bank of India INE062A01020 | 3.82% |
| 7 | Asian Paints Ltd. INE021A01026 | 3.79% |
| 8 | Axis Bank Ltd. INE238A01034 | 3.26% |
| 9 | HDFC Life Insurance Company Ltd. INE795G01014 | 3.18% |
| 10 | Tata Motors Ltd. INE1TAE01010 | 2.91% |
| 11 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.80% |
| 12 | Avenue Supermarts Ltd. INE192R01011 | 2.64% |
| 13 | Samvardhana Motherson International Ltd. INE775A01035 | 2.61% |
| 14 | Bharti Airtel Ltd. INE397D01024 | 2.58% |
| 15 | Divi's Laboratories Ltd. INE361B01024 | 2.47% |
| 16 | Varun Beverages Ltd. INE200M01039 | 2.35% |
| 17 | Thermax Ltd. INE152A01029 | 2.21% |
| 18 | Page Industries Ltd. INE761H01022 | 2.18% |
| 19 | Shree Cement Ltd. INE070A01015 | 2.15% |
| 20 | TREPS | 1.95% |
Sector Allocation
Banks26.4%
Petroleum Products6.6%
Pharmaceuticals & Biotechnology6.2%
IT - Software5.7%
Construction5.6%
Auto Components5.5%
Insurance5.0%
Retailing4.9%
Consumer Durables3.8%
Agricultural, Commercial & Construction Vehicles2.9%
Top 10 sectors by % to NAV. Excludes derivatives.