SBI Midcap Fund
The fund maintains a balanced midcap exposure with concentrated conviction in quality franchises across infrastructure and financials. The recent overweighting of Adani Energy and addition of cash equivalents signals a defensive tilt, while exits from IT and textiles suggest the manager is rotating away from cyclical sectors toward infrastructure and pharmaceuticals plays. This positioning captures the earnings recovery narrative in power and industrial goods while holding dry powder, indicating cautious optimism rather than aggressive conviction in the current market environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹265.0434 | +2.34% | — | — | — |
| Regular Growth | ₹234.8934 | +2.28% | +0.91% | +14.70% | +16.70% |
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 |
|---|---|
| Aurobindo Pharma Ltd. | 0.99% |
| 91 DAY T-BILL 30.07.26 | 0.42% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 5.87% |
| 2 | Bharat Heavy Electricals Ltd. INE257A01026 | 3.79% |
| 3 | Torrent Power Ltd. INE813H01021 | 3.73% |
| 4 | Adani Energy Solutions Ltd. INE931S01010 | 3.49% |
| 5 | CRISIL Ltd. INE007A01025 | 3.08% |
| 6 | AIA Engineering Ltd. INE212H01026 | 2.88% |
| 7 | Supreme Industries Ltd. INE195A01028 | 2.80% |
| 8 | Sundaram Finance Ltd. INE660A01013 | 2.63% |
| 9 | Shree Cement Ltd. INE070A01015 | 2.60% |
| 10 | Biocon Ltd. INE376G01013 | 2.41% |
| 11 | The Federal Bank Ltd. INE171A01029 | 2.22% |
| 12 | Bharat Forge Ltd. INE465A01025 | 2.19% |
| 13 | HDB Financial Services Ltd. INE756I01012 | 2.12% |
| 14 | Pine Labs Ltd. INE15B701018 | 2.08% |
| 15 | Lupin Ltd. INE326A01037 | 2.08% |
| 16 | State Bank of India INE062A01020 | 2.07% |
| 17 | FSN E-Commerce Ventures Ltd. INE388Y01029 | 2.05% |
| 18 | ICICI Lombard General Insurance Company Ltd. INE765G01017 | 2.05% |
| 19 | ICICI Prudential Life Insurance Company Ltd. INE726G01019 | 1.99% |
| 20 | Grindwell Norton Ltd. INE536A01023 | 1.99% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Midcap Fund hold?
SBI Midcap Fund holds 53 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 16.97% of NAV.
What is the largest holding in SBI Midcap Fund?
The largest position in SBI Midcap Fund is TREPS, accounting for 5.87% of NAV.
Is SBI Midcap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.234, SBI Midcap Fund is well-diversified. The HHI concentration index is 19,899 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 16.97% of the portfolio.
What is the market cap allocation of SBI Midcap Fund?
Based on SEBI's AMFI classification, SBI Midcap Fund's equity portfolio is split as: Large Cap: 8.40%, Mid Cap: 66.26%, Small Cap: 17.15%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Midcap Fund invest in most?
SBI Midcap Fund has the highest allocation to Finance (9.63%), Industrial Products (9.27%), Power (8.74%). The fund is invested across 24 sectors in total.
How actively managed is SBI Midcap Fund compared to other Mid Cap Fund funds?
SBI Midcap Fund has an Active Share of 74.92%, classifying it as "Highly Differentiated" among 30 Mid Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in SBI Midcap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Midcap Fund added 2 new stocks (including Aurobindo Pharma Ltd.) and exited 3 stocks (including Hexaware Technologies Ltd.). Total holding count decreased from 56 to 55 stocks.