SBI Large & Midcap Fund
The fund maintains a pronounced banking tilt at 17.2% exposure, betting on financial sector strength alongside pharmaceuticals and consumer durables to drive returns. The manager's conviction in HDFC Bank's outperformance is evident from the 1.5 percentage point weight increase, while tactical exits from commodity and consumer staple positions suggest a pivot away from defensive plays. Cash levels of 5.8% provide flexibility, though the 36% top-10 concentration reflects a quality-over-breadth approach typical of large-cap biased strategies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹684.8241 | -0.55% | — | — | — |
| Regular Growth | ₹627.0214 | -0.61% | +4.20% | +15.57% | +16.14% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Adani Ports and Special Economic Zone Ltd. | 0.86% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 7.63% |
| 2 | TREPS | 5.58% |
| 3 | Axis Bank Ltd. INE238A01034 | 3.33% |
| 4 | State Bank of India INE062A01020 | 3.20% |
| 5 | Bharat Forge Ltd. INE465A01025 | 3.18% |
| 6 | Reliance Industries Ltd. INE002A01018 | 2.83% |
| 7 | ICICI Bank Ltd. INE090A01021 | 2.73% |
| 8 | Berger Paints India Ltd. INE463A01038 | 2.46% |
| 9 | Asian Paints Ltd. INE021A01026 | 2.45% |
| 10 | Ashok Leyland Ltd. INE208A01029 | 2.36% |
| 11 | Torrent Power Ltd. INE813H01021 | 2.29% |
| 12 | Tata Motors Ltd. INE1TAE01010 | 2.28% |
| 13 | Colgate Palmolive (India) Ltd. INE259A01022 | 2.27% |
| 14 | Jindal Steel Ltd. INE749A01030 | 2.27% |
| 15 | Shree Cement Ltd. INE070A01015 | 2.11% |
| 16 | Alkem Laboratories Ltd. INE540L01014 | 2.08% |
| 17 | Abbott India Ltd. INE358A01014 | 2.04% |
| 18 | Aurobindo Pharma Ltd. INE406A01037 | 1.94% |
| 19 | ICICI Prudential Asset Management Company Ltd. INE346A01027 | 1.88% |
| 20 | Biocon Ltd. INE376G01013 | 1.87% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Large & Midcap Fund hold?
SBI Large & Midcap Fund holds 79 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.17% of NAV.
What is the largest holding in SBI Large & Midcap Fund?
The largest position in SBI Large & Midcap Fund is HDFC Bank Ltd., accounting for 7.63% of NAV in the Banks sector.
Is SBI Large & Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.449, SBI Large & Midcap Fund is well-diversified. The HHI concentration index is 21,011 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.17% of the portfolio.
What is the market cap allocation of SBI Large & Midcap Fund?
Based on SEBI's AMFI classification, SBI Large & Midcap Fund's equity portfolio is split as: Large Cap: 38.93%, Mid Cap: 39.67%, Small Cap: 14.03%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Large & Midcap Fund invest in most?
SBI Large & Midcap Fund has the highest allocation to Banks (17.20%), Pharmaceuticals & Biotechnology (12.16%), Consumer Durables (7.51%). The fund is invested across 34 sectors in total.
How actively managed is SBI Large & Midcap Fund compared to other Large & Mid Cap Fund funds?
SBI Large & Midcap Fund has an Active Share of 70.84%, classifying it as "Highly Differentiated" among 33 Large & Mid Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in SBI Large & Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Large & Midcap Fund added 1 new stock (including Adani Ports and Special Economic Zone Ltd.) and exited 5 stocks (including UNO Minda Ltd.). Total holding count decreased from 85 to 81 stocks.