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Value / Contra · SBI Mutual Fund · AMFI code 100915SBI Contra Fund
Disclosed for 46 months, Nov 2013 to Oct 2026.
Portfolio value
₹44,443 Cr
down ₹624 Cr vs Sep 2026
- Stocks held
- 87
- unchanged
- Top 10 weight
- 31.0%
- of the portfolio in its ten largest
- Cash & debt
- 11.8%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 61
Holdings as of the end of October 2026, from SBI Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
SBI Contra Fund is an active equity fund in the Value / Contra category from SBI Mutual Fund. In October 2026 it disclosed 87 stocks worth ₹44,443 Cr, down ₹624 Cr from Sep 2026. Its largest positions were HDFC Bank Limited (5.4%), ICICI Bank Limited (4.7%), Reliance Industries Limited (4.6%); the ten largest together made up 31.0% of the portfolio, and Banks was the biggest sector at 20.8% of its equity. Cash and debt stood at 11.8%. Compared with Sep 2026 the fund entered 1 new stock and exited 1.
Against 27 other Value / Contra funds
Concentration
22%
Top-10 weight is higher than 22% of peers
Breadth
93%
Holds more stocks than 93% of peers
Cash
89%
Holds more cash than 89% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 9.54% | up 3.63 pts | ₹4,239 Cr | up ₹1,576 Cr | Added |
| HDFC Bank Limited | 5.36% | up 0.57 pts | ₹2,383 Cr | up ₹225 Cr | Added |
| ICICI Bank Limited | 4.68% | up 0.32 pts | ₹2,080 Cr | up ₹114 Cr | Added |
| Reliance Industries Limited | 4.64% | down 0.02 pts | ₹2,064 Cr | down ₹39.2 Cr | Trimmed |
| Biocon Limited | 3.17% | down 0.12 pts | ₹1,410 Cr | down ₹74.1 Cr | Trimmed |
| Indus Towers Limited | 2.73% | up 0.07 pts | ₹1,215 Cr | up ₹16.4 Cr | Added |
| Torrent Power Limited | 2.37% | down 0.11 pts | ₹1,054 Cr | down ₹65.6 Cr | Trimmed |
| GAIL (India) Limited | 2.32% | down <0.01 pts | ₹1,033 Cr | down ₹16.2 Cr | Trimmed |
| Tata Steel Limited | 1.96% | down 0.17 pts | ₹873 Cr | down ₹87 Cr | Trimmed |
| Punjab National Bank | 1.88% | down 1.02 pts | ₹837 Cr | down ₹472 Cr | Trimmed |
| Infosys Limited | 1.86% | up 1.25 pts | ₹826 Cr | up ₹551 Cr | Added |
| ITC Limited | 1.85% | up 0.05 pts | ₹824 Cr | up ₹8.8 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.74% | up 0.17 pts | ₹775 Cr | up ₹65.1 Cr | Added |
| Kotak Mahindra Bank Limited | 1.72% | down 1.43 pts | ₹763 Cr | down ₹656 Cr | Trimmed |
| State Bank of India | 1.62% | up 0.03 pts | ₹721 Cr | up ₹1.8 Cr | Held |
| Mahindra & Mahindra Financial Services Limited | 1.59% | down 0.36 pts | ₹707 Cr | down ₹171 Cr | Trimmed |
| Dabur India Limited | 1.55% | down 0.04 pts | ₹689 Cr | down ₹27.3 Cr | Trimmed |
| Cognizant Technology Solutions Corporation | 1.51% | up 0.19 pts | ₹669 Cr | up ₹74.3 Cr | Added |
| Tech Mahindra Limited | 1.49% | down 0.30 pts | ₹664 Cr | down ₹143 Cr | Trimmed |
| JSW Infrastructure Ltd | 1.42% | down 0.16 pts | ₹632 Cr | down ₹81 Cr | Trimmed |
| Aster DM Healthcare Limited | 1.41% | down 0.01 pts | ₹627 Cr | down ₹14.7 Cr | Trimmed |
| Bharti Airtel Limited | 1.40% | up 0.17 pts | ₹622 Cr | up ₹68.3 Cr | Added |
| Epam Systems Inc | 1.37% | up 0.32 pts | ₹608 Cr | up ₹136 Cr | Added |
| Axis Bank Limited | 1.34% | up 0.01 pts | ₹597 Cr | down ₹4.4 Cr | Trimmed |
| Bajaj Auto Limited | 1.30% | down 0.05 pts | ₹577 Cr | down ₹29.2 Cr | Trimmed |
| Bandhan Bank Limited | 1.28% | down 0.18 pts | ₹569 Cr | down ₹88.1 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.21% | up 0.01 pts | ₹539 Cr | down ₹98 L | Held |
| Delhivery Limited | 1.21% | down 0.06 pts | ₹536 Cr | down ₹32.9 Cr | Trimmed |
| Cipla Limited | 1.19% | up 0.04 pts | ₹529 Cr | up ₹12.6 Cr | Added |
| NHPC Limited | 1.17% | up 0.09 pts | ₹521 Cr | up ₹33 Cr | Added |
| Hindalco Industries Limited | 1.12% | down 0.06 pts | ₹499 Cr | down ₹32.2 Cr | Trimmed |
| Tata Motors Ltd | 1.11% | down 0.05 pts | ₹491 Cr | down ₹31.4 Cr | Trimmed |
| Indian Oil Corporation Limited | 1.06% | down 0.02 pts | ₹469 Cr | down ₹17.2 Cr | Trimmed |
| UPL Limited | 1.01% | down 0.04 pts | ₹449 Cr | down ₹23.1 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.01% | down 0.04 pts | ₹448 Cr | down ₹22.4 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.01% | down 0.07 pts | ₹448 Cr | down ₹37 Cr | Trimmed |
| Embassy Office Parks REIT REIT / InvIT | 0.98% | down 0.03 pts | ₹436 Cr | down ₹21.2 Cr | Trimmed |
| Tata Motors Limited | 0.98% | down 0.05 pts | ₹435 Cr | down ₹29.7 Cr | Trimmed |
| 364 Days Tbill (MD Debt | 0.96% | up 0.02 pts | ₹425 Cr | up ₹1.9 Cr | Held |
| United Spirits Limited | 0.88% | down <0.01 pts | ₹392 Cr | down ₹6 Cr | Trimmed |
| Larsen & Toubro Limited | 0.88% | up 0.04 pts | ₹389 Cr | up ₹11.2 Cr | Added |
| JSW Energy Limited | 0.85% | up 0.02 pts | ₹376 Cr | up ₹4.3 Cr | Added |
| JSW Steel Limited | 0.81% | up 0.01 pts | ₹361 Cr | down ₹2.1 Cr | Trimmed |
| Gland Pharma Limited | 0.78% | up 0.06 pts | ₹345 Cr | up ₹21.9 Cr | Added |
| Grasim Industries Limited | 0.75% | down 0.01 pts | ₹333 Cr | down ₹9 Cr | Trimmed |
| Mankind Pharma Limited | 0.74% | up 0.01 pts | ₹331 Cr | down ₹1.5 Cr | Held |
| Whirlpool of India Limited | 0.74% | down 0.06 pts | ₹329 Cr | down ₹30.6 Cr | Trimmed |
| Swiggy Limited | 0.71% | down 0.28 pts | ₹318 Cr | down ₹132 Cr | Trimmed |
| Samvardhana Motherson International Limited | 0.70% | down 0.51 pts | ₹310 Cr | down ₹233 Cr | Trimmed |
| 91 Days Treasury Bill 19-Nov-2026 Debt | 0.67% | up 0.01 pts | ₹299 Cr | up ₹1.3 Cr | Held |
What changed, Sep 2026 to Oct 2026
New New positions (1)
- Jio Platforms Limited<0.1% · ₹13 Cr
Exited Exited (1)
- One 97 Communications Limitedwas 1.0% · ₹461 Cr
Added Biggest additions
- Infosys Limitedup ₹551 Cr (+1.25% pts)
- HDFC Bank Limitedup ₹225 Cr (+0.57% pts)
- Epam Systems Incup ₹136 Cr (+0.32% pts)
- ICICI Bank Limitedup ₹114 Cr (+0.32% pts)
- Cognizant Technology Solutions Corporationup ₹74.3 Cr (+0.19% pts)
- Bharti Airtel Limitedup ₹68.3 Cr (+0.17% pts)
- FSN E-Commerce Ventures Limitedup ₹65.1 Cr (+0.17% pts)
- Wipro Limitedup ₹59.7 Cr (+0.14% pts)
- NHPC Limitedup ₹33 Cr (+0.09% pts)
- Gland Pharma Limitedup ₹21.9 Cr (+0.06% pts)
Trimmed Biggest reductions
- Kotak Mahindra Bank Limiteddown ₹656 Cr (−1.43% pts)
- Punjab National Bankdown ₹472 Cr (−1.02% pts)
- Samvardhana Motherson International Limiteddown ₹233 Cr (−0.51% pts)
- Mahindra & Mahindra Financial Services Limiteddown ₹171 Cr (−0.36% pts)
- Tech Mahindra Limiteddown ₹143 Cr (−0.30% pts)
- Swiggy Limiteddown ₹132 Cr (−0.28% pts)
- Apar Industries Limiteddown ₹97.4 Cr (−0.21% pts)
- Bandhan Bank Limiteddown ₹88.1 Cr (−0.18% pts)
- Tata Steel Limiteddown ₹87 Cr (−0.17% pts)
- JSW Infrastructure Ltddown ₹81 Cr (−0.16% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2026, the weight rose most in IT - Software (+1.4 pts) and IT - Services (+0.7 pts), and fell most in Banks (−1.1 pts) and Financial Technology (fintech) (−1.1 pts).
- IT - Software3.9% → 5.3%+1.4 pts
- IT - Services2.6% → 3.3%+0.7 pts
- Telecom - Services4.2% → 4.7%+0.5 pts
- Pharmaceuticals & Biotechnology7.3% → 7.5%+0.3 pts
- Petroleum Products6.3% → 6.5%+0.2 pts
- Power5.5% → 5.7%+0.2 pts
- Banks22.0% → 20.8%−1.1 pts
- Financial Technology (fintech)1.1% → 0.0%exited−1.1 pts
- Auto Components1.4% → 0.9%−0.5 pts
- Finance2.1% → 1.8%−0.3 pts
- Electrical Equipment0.7% → 0.5%−0.2 pts
- Industrial Products2.1% → 2.0%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Oct 2023 | Oct 2025 | Apr 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|---|---|
| Banks | 18.8% | 22.5% | 21.9% | 21.9% | 22.0% | 20.8% |
| Pharmaceuticals & Biotechnology | 9.1% | 7.7% | 8.7% | 8.1% | 7.3% | 7.5% |
| Petroleum Products | 4.1% | 8.9% | 7.6% | 6.6% | 6.3% | 6.5% |
| Power | 6.2% | 3.1% | 4.1% | 6.1% | 5.5% | 5.7% |
| IT - Software | 3.7% | 4.9% | 5.2% | 3.6% | 3.9% | 5.3% |
| Telecom - Services | 1.1% | 3.4% | 4.4% | 4.4% | 4.2% | 4.7% |
| Automobiles | 4.5% | 5.0% | 4.6% | 4.4% | 4.3% | 4.3% |
| Gas | 4.3% | 3.6% | 3.7% | 3.8% | 3.2% | 3.3% |
| IT - Services | 4.6% | 3.0% | 2.6% | 2.4% | 2.6% | 3.3% |
| Ferrous Metals | 1.9% | 3.8% | 4.0% | 3.4% | 3.2% | 3.2% |
Allocation in Oct 2026change vs Sep 2026
- Banks (9)20.8%▼ 1.1 pts
- Pharmaceuticals & Biotechnology (7)7.5%▲ 0.3 pts
- Petroleum Products (2)6.5%▲ 0.2 pts
- Power (4)5.7%▲ 0.2 pts
- IT - Software (5)5.3%▲ 1.4 pts
- Telecom - Services (3)4.7%▲ 0.5 pts
- Automobiles (4)4.3%
- Gas (2)3.3%▲ 0.2 pts
- IT - Services (2)3.3%▲ 0.7 pts
- Ferrous Metals (3)3.2%
- Cement & Cement Products (5)3.0%▼ 0.1 pts
- Retailing (2)2.8%
- Diversified FMCG (1)2.1%▲ 0.1 pts
- Industrial Products (5)2.0%▼ 0.1 pts
- Healthcare Services (2)1.9%▲ 0.1 pts
- Finance (1)1.8%▼ 0.3 pts
- Personal Products (1)1.8%
- Insurance (2)1.8%
- Realty (2)1.7%
- Transport Infrastructure (1)1.6%▼ 0.1 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2026
11.8%
▲ 3.7 pts vs Sep 2026
- Cash alone
- 9.6%
- cash and net receivables
- A year earlier
- 19.3%
- Oct 2025 · now ▼ 7.5 pts
- Last 12 months
- 8.1% – 19.0%
- lowest to highest · record 26.1% in Mar 2023
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹44,443 Cr | 87 | 1 | 1 | 9.6% | 11.8% | 143% |
| Sep 2026 | ₹45,068 Cr | 87 | 2 | 0 | 5.9% | 8.1% | 146% |
| Aug 2026 | ₹47,589 Cr | 85 | 2 | 1 | 7.1% | 9.8% | 152% |
| Jul 2026 | ₹48,266 Cr | 84 | 1 | 1 | 9.8% | 12.0% | 154% |
| Jun 2026 | ₹47,362 Cr | 84 | 2 | 1 | 8.6% | 12.4% | 155% |
| May 2026 | ₹47,263 Cr | 83 | 2 | 1 | 10.5% | 14.5% | 158% |
| Apr 2026 | ₹47,352 Cr | 82 | 0 | 0 | 10.5% | 15.8% | 162% |
| Mar 2026 | ₹43,754 Cr | 82 | 0 | 0 | 9.6% | 15.3% | — |
| Feb 2026 | ₹49,111 Cr | 82 | 1 | 1 | 10.4% | 15.7% | — |
| Jan 2026 | ₹48,729 Cr | 82 | 0 | 1 | 12.0% | 16.3% | — |
| Dec 2025 | ₹49,967 Cr | 83 | 2 | 0 | 12.1% | 17.1% | — |
| Nov 2025 | ₹49,838 Cr | 81 | 0 | 0 | 14.4% | 19.0% | — |
| Oct 2025 | ₹49,218 Cr | 81 | 1 | 0 | 14.4% | 19.3% | — |
| Sep 2025 | ₹47,205 Cr | 80 | 0 | 0 | 13.6% | 19.1% | — |
| Aug 2025 | ₹46,654 Cr | 80 | 0 | 0 | 15.9% | 20.7% | — |
| Jul 2025 | ₹46,947 Cr | 80 | 1 | 0 | 14.6% | 19.0% | — |
| Jun 2025 | ₹47,390 Cr | 79 | 1 | 0 | 15.1% | 18.4% | — |
| May 2025 | ₹45,496 Cr | 78 | 1 | 2 | 14.9% | 21.2% | — |
| Apr 2025 | ₹44,069 Cr | 79 | 1 | 4 | 15.9% | 22.3% | — |
| Mar 2025 | ₹42,220 Cr | 82 | 0 | 4 | 10.4% | 23.1% | — |
| Feb 2025 | ₹39,590 Cr | 86 | 1 | 3 | 16.6% | 24.0% | — |
| Jan 2025 | ₹41,634 Cr | 88 | 1 | 1 | 14.7% | 22.6% | — |
| Dec 2024 | ₹42,181 Cr | 88 | 0 | 0 | 14.3% | 19.6% | — |
| Nov 2024 | ₹41,907 Cr | 88 | 0 | 2 | 13.1% | 18.3% | — |
For any of the 22 earlier months, choose it in “Portfolio as of” at the top of the page.