Asset Sadhu
Funds/Mid Cap Fund/SBI Midcap Fund

SBI Midcap Fund

SBI Mutual Fund·Mid Cap Fund·vs Nifty Midcap 150 TRI

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

PlanNAV1M3M6M1Y3Y CAGR5Y CAGR
Direct Growth₹262.2396+3.82%—————
Regular Growth₹232.4135+3.75%-0.25%-1.38%+1.11%+14.38%+16.45%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
53
Top 5 Weight
16.97%
Top 10 Weight
29.63%
Active Share
—
Large Cap
8.40%
Gini
0.234

What Changed2026-03-31 → 2026-04-30

Holdings: 56 → 55+2 added−3 removed28 weight shifts ≥ 0.1%
StockWeight
Aurobindo Pharma Ltd.0.99%
91 DAY T-BILL 30.07.260.42%

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

Finance9.6%
Industrial Products9.3%
Power8.7%
Pharmaceuticals & Biotechnology7.8%
Insurance7.3%
Electrical Equipment7.0%
Auto Components6.8%
Cement & Cement Products6.2%
Banks4.3%
Retailing4.0%

Top 10 sectors by % to NAV. Excludes derivatives.