SBI Multi Asset Allocation Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹74.4716 | +1.55% | — | — | — |
| Regular Growth | ₹66.7190 | +1.49% | +15.57% | +17.63% | +14.36% |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Multi Asset Allocation Fund hold?
SBI Multi Asset Allocation Fund holds 121 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.71% of NAV.
What is the largest holding in SBI Multi Asset Allocation Fund?
The largest position in SBI Multi Asset Allocation Fund is TREPS, accounting for 8.34% of NAV.
Is SBI Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.452, SBI Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 14,489 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.71% of the portfolio.
What is the market cap allocation of SBI Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, SBI Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 15.36%, Mid Cap: 13.32%, Small Cap: 15.04%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Multi Asset Allocation Fund invest in most?
SBI Multi Asset Allocation Fund has the highest allocation to Mutual Fund/ETF (10.43%), Banks (9.77%), CRISIL AA (7.39%). The fund is invested across 41 sectors in total.
How actively managed is SBI Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
SBI Multi Asset Allocation Fund has an Active Share of 78.66%, classifying it as "Highly Differentiated" among 32 Multi Asset Allocation peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in SBI Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Multi Asset Allocation Fund added 8 new stocks (including Kotak Mahindra Bank Ltd.) and exited 3 stocks (including PB Fintech Ltd.). Total holding count increased from 118 to 123 stocks.