SBI Multi Asset Allocation Fund
SBI Mutual Fund·Multi Asset Allocation·vs Nifty 200 TRI
The fund is tilted toward defensive positioning with over half its capital in equities focused on banking and energy, while substantial precious metals and debt holdings provide downside cushion. The manager's recent exit from HDFC Bank and reduction in cash-like TREPS suggests a tactical shift toward selective equity exposure, particularly financials beyond traditional banking. The modest monthly gain reflects a balanced approach prioritizing stability over growth, appropriate for risk-averse multi-asset investors seeking inflation hedges.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹74.2424 | +2.47% | — | — | — | — | — |
| Regular Growth | ₹66.5150 | +2.41% | -0.24% | +4.46% | +15.87% | +17.72% | +14.29% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
121
Top 5 Weight
17.71%
Top 10 Weight
26.06%
Active Share
—
Large Cap
15.36%
Gini
0.452
What Changed2026-03-31 → 2026-04-30
Holdings: 118 → 123+8 added−3 removed27 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Kotak Mahindra Bank Ltd. | 1.45% |
| Delhivery Ltd. | 1.07% |
| Samvardhana Motherson International Ltd. | 0.82% |
| Interglobe Aviation Ltd. | 0.12% |
| Muthoot Finance Ltd. | 0.85% |
| Indostar Capital Finance Ltd. | 0.71% |
| 182 DAY T-BILL 11.06.26 | 0.56% |
| 91 DAY T-BILL 16.07.26 | 0.56% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 8.34% |
| 2 | SBI Gold ETF INF200KA16D8 | 6.17% |
| 3 | SBI Silver ETF INF200KB1217 | 4.26% |
| 4 | Brookfield India Real Estate Trust INE0FDU25010 | 2.80% |
| 5 | Bandhan Bank Ltd. INE545U01014 | 2.32% |
| 6 | GAIL (India) Ltd. INE129A01019 | 2.16% |
| 7 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.95% |
| 8 | Adani Power Ltd. INE814H07190 | 1.69% |
| 9 | Mahindra & Mahindra Financial Services Ltd. INE774D01024 | 1.62% |
| 10 | Biocon Ltd. INE376G01013 | 1.61% |
| 11 | JTPM Metal Traders Ltd. INE02PE08036 | 1.48% |
| 12 | The Federal Bank Ltd. INE171A01029 | 1.46% |
| 13 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.45% |
| 14 | Indus Towers Ltd. INE121J01017 | 1.44% |
| 15 | JSW Kalinga Steel Ltd. INE2QI808033 | 1.41% |
| 16 | Reliance Industries Ltd. INE002A01018 | 1.39% |
| 17 | CESC Ltd. INE486A01021 | 1.38% |
| 18 | LIC Housing Finance Ltd. INE115A14FR4 | 1.34% |
| 19 | Syngene International Ltd. INE398R01022 | 1.32% |
| 20 | Punjab National Bank INE160A01022 | 1.30% |
Sector Allocation
Mutual Fund/ETF10.4%
Banks9.8%
CRISIL AA7.4%
CRISIL AAA6.2%
Realty4.7%
Sovereign3.9%
CARE AA-3.6%
CRISIL A1+3.6%
CRISIL AA+2.9%
Oil2.6%
Top 10 sectors by % to NAV. Excludes derivatives.