SBI Multicap Fund
SBI Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
The fund maintains a defensive positioning with substantial cash reserves and a concentrated bet on financial services, particularly banks at over 15% exposure. The manager is signaling renewed conviction in power stocks, notably Adani Power, while trimming its largest money market position—suggesting a tactical shift toward equity deployment in beaten-down cyclical segments. This multicap portfolio leans toward quality incumbents across banks and telecom rather than exploring deeper value or high-growth micro-caps.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹16.9314 | — | — | — | — | — | — |
| Regular Growth | ₹16.2983 | +1.64% | -1.63% | -6.01% | -1.26% | +14.84% | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
61
Top 5 Weight
20.16%
Top 10 Weight
34.43%
Active Share
—
Large Cap
32.17%
Gini
0.400
What Changed2026-03-31 → 2026-04-30
Holdings: 63 → 63+0 added−0 removed25 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 6.29% |
| 2 | Adani Power Ltd. INE814H01029 | 4.97% |
| 3 | HDFC Bank Ltd. INE040A01034 | 4.86% |
| 4 | Kotak Mahindra Bank Ltd. INE237A01036 | 3.88% |
| 5 | Torrent Power Ltd. INE813H01021 | 3.25% |
| 6 | K.P.R. Mill Ltd. INE930H01031 | 3.20% |
| 7 | ICICI Bank Ltd. INE090A01021 | 2.97% |
| 8 | Indus Towers Ltd. INE121J01017 | 2.91% |
| 9 | Bajaj Finserv Ltd. INE918I01026 | 2.83% |
| 10 | Bharti Airtel Ltd. INE397D01024 | 2.81% |
| 11 | Asian Paints Ltd. INE021A01026 | 2.75% |
| 12 | Divi's Laboratories Ltd. INE361B01024 | 2.59% |
| 13 | Dalmia Bharat Ltd. INE00R701025 | 2.59% |
| 14 | Paradeep Phosphates Ltd. INE088F01024 | 2.29% |
| 15 | Jubilant Foodworks Ltd. INE797F01020 | 2.28% |
| 16 | Berger Paints India Ltd. INE463A01038 | 2.25% |
| 17 | Jupiter Life Line Hospitals Ltd. INE682M01012 | 2.23% |
| 18 | Elgi Equipments Ltd. INE285A01027 | 2.16% |
| 19 | Hindalco Industries Ltd. INE038A01020 | 2.11% |
| 20 | Aether Industries Ltd. INE0BWX01014 | 2.03% |
Sector Allocation
Banks15.4%
Consumer Durables9.9%
Power8.2%
Telecom - Services5.7%
Retailing4.5%
Textiles & Apparels4.4%
Pharmaceuticals & Biotechnology4.3%
Healthcare Services4.1%
Leisure Services4.0%
Finance4.0%
Top 10 sectors by % to NAV. Excludes derivatives.