SBI PSU Fund
SBI PSU Fund maintains a heavily concentrated bet on state-owned enterprises, with nearly 54% anchored in just five holdings dominated by financials and energy majors. The portfolio's extreme sector concentration—banks, power, and gas collectively account for 58%—reflects a thesis on PSU dividend yield and infrastructure upside, though this narrow positioning amplifies idiosyncratic risk. The addition of SBI Life signals the manager is building deeper financial services exposure while keeping dry powder at 4.5% cash, suggesting cautious optimism amid modest monthly underperformance.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹39.2547 | -1.30% | — | — | — |
| Regular Growth | ₹35.3572 | -1.38% | +11.99% | +29.83% | +25.17% |
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 |
|---|---|
| SBI Life Insurance Co. Ltd. | 0.93% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | State Bank of India INE062A01020 | 16.87% |
| 2 | Power Grid Corporation of India Ltd. INE752E01010 | 9.52% |
| 3 | GAIL (India) Ltd. INE129A01019 | 9.34% |
| 4 | NTPC Ltd. INE733E01010 | 9.24% |
| 5 | Bharat Electronics Ltd. INE263A01024 | 8.66% |
| 6 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 6.58% |
| 7 | Bank of Baroda INE028A01039 | 5.17% |
| 8 | TREPS | 4.78% |
| 9 | Bharat Petroleum Corporation Ltd. INE029A01011 | 4.37% |
| 10 | NMDC Ltd. INE584A01023 | 3.78% |
| 11 | Bharat Heavy Electricals Ltd. INE257A01026 | 3.43% |
| 12 | Indian Bank INE562A01011 | 3.10% |
| 13 | National Aluminium Company Ltd. INE139A01034 | 2.99% |
| 14 | General Insurance Corporation of India INE481Y01014 | 2.45% |
| 15 | Petronet LNG Ltd. INE347G01014 | 1.70% |
| 16 | Life Insurance Corporation of India INE0J1Y01017 | 1.57% |
| 17 | Canara Robeco Asset Management Company Ltd. INE218I01013 | 1.35% |
| 18 | Indraprastha Gas Ltd. INE203G01027 | 1.24% |
| 19 | Engineers India Ltd. INE510A01028 | 1.21% |
| 20 | Gujarat State Petronet Ltd. INE246F01010 | 1.13% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI PSU Fund hold?
SBI PSU Fund holds 22 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 53.63% of NAV.
What is the largest holding in SBI PSU Fund?
The largest position in SBI PSU Fund is State Bank of India, accounting for 16.87% of NAV in the Banks sector.
Is SBI PSU Fund a concentrated or diversified fund?
With a Gini coefficient of 0.479, SBI PSU Fund is moderately concentrated. The HHI concentration index is 77,554 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 53.63% of the portfolio.
What is the market cap allocation of SBI PSU Fund?
Based on SEBI's AMFI classification, SBI PSU Fund's equity portfolio is split as: Large Cap: 72.25%, Mid Cap: 17.45%, Small Cap: 5.74%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI PSU Fund invest in most?
SBI PSU Fund has the highest allocation to Banks (25.14%), Power (18.76%), Gas (14.22%). The fund is invested across 13 sectors in total.
How actively managed is SBI PSU Fund compared to other Sectoral / Thematic funds?
SBI PSU Fund has an Active Share of 89.81%, 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 PSU Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI PSU Fund added 1 new stock (including SBI Life Insurance Co. Ltd.). Total holding count increased from 23 to 24 stocks.