SBI Multicap Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹17.0949 | — | — | — | — |
| Regular Growth | ₹16.4553 | +0.62% | -0.69% | +15.04% | — |
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 | |
|---|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Multicap Fund hold?
SBI Multicap Fund holds 61 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.16% of NAV.
What is the largest holding in SBI Multicap Fund?
The largest position in SBI Multicap Fund is TREPS, accounting for 6.29% of NAV.
Is SBI Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.400, SBI Multicap Fund is well-diversified. The HHI concentration index is 22,145 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.16% of the portfolio.
What is the market cap allocation of SBI Multicap Fund?
Based on SEBI's AMFI classification, SBI Multicap Fund's equity portfolio is split as: Large Cap: 32.17%, Mid Cap: 28.89%, Small Cap: 28.37%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Multicap Fund invest in most?
SBI Multicap Fund has the highest allocation to Banks (15.44%), Consumer Durables (9.87%), Power (8.22%). The fund is invested across 27 sectors in total.
How actively managed is SBI Multicap Fund compared to other Multi Cap Fund funds?
SBI Multicap Fund has an Active Share of 77.18%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.