SBI Banking & Financial Services Fund
The fund maintains a fortress position in large-cap banks, which command over half the portfolio, signaling conviction in financial sector resilience and dividend potential. The recent rebalancing—trimming ICICI while raising State Bank exposure and adding smaller housing finance players—suggests a shift toward undervalued, domestically-focused lenders as rate cycles normalize. With 70% concentrated in just ten holdings and cash near 8%, the manager is calibrated for selective opportunity rather than broad financial sector rotation.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹47.8978 | — | — | — | — |
| Regular Growth | ₹42.5402 | -3.08% | +4.25% | +16.56% | +14.08% |
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 |
|---|---|
| Computer Age Management Services Ltd. | 1.27% |
| Aavas Financiers Ltd. | 0.18% |
| RBL Bank Ltd. | 0.14% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 12.87% |
| 2 | Kotak Mahindra Bank Ltd. INE237A01036 | 9.96% |
| 3 | State Bank of India INE062A01020 | 9.61% |
| 4 | Axis Bank Ltd. INE238A01034 | 7.35% |
| 5 | TREPS | 7.12% |
| 6 | HDFC Bank Ltd. INE040A01034 | 6.11% |
| 7 | Bajaj Finserv Ltd. INE918I01026 | 5.75% |
| 8 | Muthoot Finance Ltd. INE414G01012 | 4.54% |
| 9 | HDFC Life Insurance Company Ltd. INE795G01014 | 3.51% |
| 10 | SBI Life Insurance Co. Ltd. INE123W01016 | 3.20% |
| 11 | Bajaj Finance Ltd. INE296A01032 | 2.54% |
| 12 | Angel One Ltd. INE732I01021 | 2.41% |
| 13 | ICICI Prudential Life Insurance Company Ltd. INE726G01019 | 2.25% |
| 14 | Cholamandalam Investment & Finance Co. Ltd. INE121A01024 | 2.11% |
| 15 | Aptus Value Housing Finance India Ltd. INE852O01025 | 1.86% |
| 16 | Margin amount for Derivative positions | 1.72% |
| 17 | Star Health & Allied Insurance Co. Ltd. INE575P01011 | 1.68% |
| 18 | Cholamandalam Financial Holdings Ltd. INE149A01033 | 1.63% |
| 19 | Bank of Baroda INE028A01039 | 1.63% |
| 20 | Canara Bank INE476A01022 | 1.60% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Banking & Financial Services Fund hold?
SBI Banking & Financial Services Fund holds 35 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 45.90% of NAV.
What is the largest holding in SBI Banking & Financial Services Fund?
The largest position in SBI Banking & Financial Services Fund is ICICI Bank Ltd., accounting for 12.87% of NAV in the Banks sector.
Is SBI Banking & Financial Services Fund a concentrated or diversified fund?
With a Gini coefficient of 0.541, SBI Banking & Financial Services Fund is moderately concentrated. The HHI concentration index is 57,404 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 45.90% of the portfolio.
What is the market cap allocation of SBI Banking & Financial Services Fund?
Based on SEBI's AMFI classification, SBI Banking & Financial Services Fund's equity portfolio is split as: Large Cap: 60.82%, Mid Cap: 8.57%, Small Cap: 10.05%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Banking & Financial Services Fund invest in most?
SBI Banking & Financial Services Fund has the highest allocation to Banks (51.15%), Finance (22.64%), Insurance (11.33%). The fund is invested across 7 sectors in total.
How actively managed is SBI Banking & Financial Services Fund compared to other Sectoral / Thematic funds?
SBI Banking & Financial Services Fund has an Active Share of 81.71%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in SBI Banking & Financial Services Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Banking & Financial Services Fund added 3 new stocks (including Computer Age Management Services Ltd.) and exited 2 stocks (including BSE Ltd.). Total holding count increased from 36 to 37 stocks.