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Focused · SBI Mutual Fund · AMFI code 119725SBI Focused Fund
Disclosed for 46 months, Nov 2013 to Oct 2026.Formerly SBI Focused Equity Fund (Jan 2023 – May 2025); SBI Emerging Businesses Fund (Nov 2013 – May 2016)
Portfolio value
₹50,423 Cr
up ₹243 Cr vs Sep 2026
- Stocks held
- 27
- up 1 vs Sep 2026
- Top 10 weight
- 56.3%
- of the portfolio in its ten largest
- Cash & debt
- 8.3%
- cash, money market and debt
- Moves this month
- 2 in · 1 out
- added to 10, trimmed 14
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 Focused Fund is an active equity fund in the Focused category from SBI Mutual Fund. In October 2026 it disclosed 27 stocks worth ₹50,423 Cr, up ₹243 Cr from Sep 2026. Its largest positions were Bajaj Finance Limited (8.8%), ICICI Bank Limited (7.5%), Kotak Mahindra Bank Limited (6.4%); the ten largest together made up 56.3% of the portfolio, and Banks was the biggest sector at 20.8% of its equity. Cash and debt stood at 8.3%. Compared with Sep 2026 the fund entered 2 new stocks and exited 1.
Against 25 other Focused funds
Concentration
84%
Top-10 weight is higher than 84% of peers
Breadth
12%
Holds more stocks than 12% of peers
Cash
88%
Holds more cash than 88% 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.
| Bajaj Finance Limited | 8.75% | down 0.23 pts | ₹4,414 Cr | down ₹95.4 Cr | Trimmed |
| Cash, TREPS & receivables | 8.18% | up 0.81 pts | ₹4,124 Cr | up ₹427 Cr | Added |
| ICICI Bank Limited | 7.49% | up 0.37 pts | ₹3,775 Cr | up ₹206 Cr | Added |
| Kotak Mahindra Bank Limited | 6.41% | up 0.59 pts | ₹3,231 Cr | up ₹312 Cr | Added |
| Alphabet Inc. | 5.81% | down 1.42 pts | ₹2,932 Cr | down ₹701 Cr | Trimmed |
| Bharti Airtel Limited | 5.48% | up 0.58 pts | ₹2,763 Cr | up ₹303 Cr | Added |
| State Bank of India | 5.15% | down 0.01 pts | ₹2,597 Cr | up ₹6.3 Cr | Held |
| Muthoot Finance Limited | 4.78% | down 0.19 pts | ₹2,409 Cr | down ₹83.4 Cr | Trimmed |
| Epam Systems Inc | 4.22% | up 0.92 pts | ₹2,128 Cr | up ₹474 Cr | Added |
| Adani Power Limited | 4.12% | down 0.35 pts | ₹2,079 Cr | down ₹165 Cr | Trimmed |
| Solar Industries India Limited | 4.10% | down 0.22 pts | ₹2,068 Cr | down ₹99 Cr | Trimmed |
| Adani Energy Solutions Limited | 4.01% | up 0.08 pts | ₹2,024 Cr | up ₹52.3 Cr | Added |
| Sona BLW Precision Forgings Limited | 3.36% | up 0.21 pts | ₹1,692 Cr | up ₹115 Cr | Added |
| Life Insurance Corporation Of India | 3.19% | down 0.12 pts | ₹1,610 Cr | down ₹50.2 Cr | Trimmed |
| Adani Enterprises Limited | 2.81% | down 0.22 pts | ₹1,419 Cr | down ₹105 Cr | Trimmed |
| Meesho Ltd | 2.57% | down 0.07 pts | ₹1,295 Cr | down ₹27.5 Cr | Trimmed |
| Divi's Laboratories Limited | 2.52% | up 0.11 pts | ₹1,271 Cr | up ₹63.5 Cr | Added |
| Lenskart Solutions Limited | 2.39% | down 0.04 pts | ₹1,203 Cr | down ₹12.1 Cr | Trimmed |
| DLF Limited | 2.37% | up 0.05 pts | ₹1,197 Cr | up ₹30.4 Cr | Added |
| Jubilant Foodworks Limited | 2.09% | down 0.18 pts | ₹1,055 Cr | down ₹87 Cr | Trimmed |
| Eicher Motors Limited | 2.00% | up 0.01 pts | ₹1,011 Cr | up ₹9.8 Cr | Added |
| Hatsun Agro Product Limited | 1.82% | down 0.20 pts | ₹916 Cr | down ₹95.2 Cr | Trimmed |
| Torrent Power Limited | 1.63% | down 0.11 pts | ₹821 Cr | down ₹51.1 Cr | Trimmed |
| Procter & Gamble Hygiene and Health Care Limited | 1.22% | up <0.01 pts | ₹617 Cr | up ₹4.7 Cr | Added |
| Vishal Mega Mart Limited | 1.17% | down 0.24 pts | ₹591 Cr | down ₹116 Cr | Trimmed |
| Jio Platforms Limited | 0.95% | up 0.95 pts | ₹481 Cr | up ₹481 Cr | New |
| Samvardhana Motherson International Limited | 0.72% | up 0.72 pts | ₹365 Cr | up ₹365 Cr | New |
| Thermax Limited | 0.52% | down 0.83 pts | ₹263 Cr | down ₹414 Cr | Trimmed |
| 364 DAY T-BILL Debt | 0.15% | down <0.01 pts | ₹74.8 Cr | up ₹33 L | Held |
What changed, Sep 2026 to Oct 2026
New New positions (2)
- Jio Platforms Limited1.0% · ₹481 Cr
- Samvardhana Motherson International Limited0.7% · ₹365 Cr
Exited Exited (1)
- Bajaj Finserv Limitedwas 0.2% · ₹99 Cr
Added Biggest additions
- Epam Systems Incup ₹474 Cr (+0.92% pts)
- Kotak Mahindra Bank Limitedup ₹312 Cr (+0.59% pts)
- Bharti Airtel Limitedup ₹303 Cr (+0.58% pts)
- ICICI Bank Limitedup ₹206 Cr (+0.37% pts)
- Sona BLW Precision Forgings Limitedup ₹115 Cr (+0.21% pts)
- Divi's Laboratories Limitedup ₹63.5 Cr (+0.11% pts)
- Adani Energy Solutions Limitedup ₹52.3 Cr (+0.08% pts)
- DLF Limitedup ₹30.4 Cr (+0.05% pts)
- Eicher Motors Limitedup ₹9.8 Cr (+0.01% pts)
- Procter & Gamble Hygiene and Health Care Limitedup ₹4.7 Cr (+<0.01% pts)
Trimmed Biggest reductions
- Alphabet Inc.down ₹701 Cr (−1.42% pts)
- Thermax Limiteddown ₹414 Cr (−0.83% pts)
- Adani Power Limiteddown ₹165 Cr (−0.35% pts)
- Vishal Mega Mart Limiteddown ₹116 Cr (−0.24% pts)
- Adani Enterprises Limiteddown ₹105 Cr (−0.22% pts)
- Solar Industries India Limiteddown ₹99 Cr (−0.22% pts)
- Bajaj Finance Limiteddown ₹95.4 Cr (−0.23% pts)
- Hatsun Agro Product Limiteddown ₹95.2 Cr (−0.20% pts)
- Jubilant Foodworks Limiteddown ₹87 Cr (−0.18% pts)
- Muthoot Finance Limiteddown ₹83.4 Cr (−0.19% 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 Telecom - Services (+1.7 pts) and Banks (+1.0 pts), and fell most in IT - Software (−1.6 pts) and Electrical Equipment (−0.9 pts).
- Telecom - Services5.3% → 7.0%+1.7 pts
- Banks19.7% → 20.8%+1.0 pts
- Auto Components3.4% → 4.4%+1.0 pts
- IT - Services3.6% → 4.6%+1.0 pts
- Pharmaceuticals & Biotechnology2.6% → 2.8%+0.1 pts
- IT - Software7.9% → 6.3%−1.6 pts
- Electrical Equipment1.5% → 0.6%−0.9 pts
- Finance15.4% → 14.8%−0.7 pts
- Power11.1% → 10.7%−0.4 pts
- Retailing7.1% → 6.7%−0.4 pts
- Metals & Minerals Trading3.3% → 3.1%−0.2 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 | 23.6% | 17.3% | 20.3% | 20.9% | 19.7% | 20.8% |
| Finance | 12.7% | 15.7% | 15.6% | 17.1% | 15.4% | 14.8% |
| Power | — | 10.5% | 14.3% | 12.4% | 11.1% | 10.7% |
| Telecom - Services | 9.8% | 5.2% | 5.3% | 5.9% | 5.3% | 7.0% |
| Retailing | 2.8% | 4.5% | 6.9% | 6.0% | 7.1% | 6.7% |
| IT - Software | 7.4% | 8.2% | 12.2% | 8.0% | 7.9% | 6.3% |
| IT - Services | — | 4.0% | 4.1% | 3.4% | 3.6% | 4.6% |
| Chemicals & Petrochemicals | 4.5% | 3.9% | 4.1% | 4.4% | 4.7% | 4.5% |
| Auto Components | 4.1% | 6.0% | 2.7% | 3.1% | 3.4% | 4.4% |
| Insurance | 5.7% | — | — | — | 3.6% | 3.5% |
Allocation in Oct 2026change vs Sep 2026
- Banks (3)20.8%▲ 1.0 pts
- Finance (2)14.8%▼ 0.7 pts
- Power (3)10.7%▼ 0.4 pts
- Telecom - Services (2)7.0%▲ 1.7 pts
- Retailing (3)6.7%▼ 0.4 pts
- IT - Software (1)6.3%▼ 1.6 pts
- IT - Services (1)4.6%▲ 1.0 pts
- Chemicals & Petrochemicals (1)4.5%▼ 0.2 pts
- Auto Components (2)4.4%▲ 1.0 pts
- Insurance (1)3.5%▼ 0.1 pts
- Metals & Minerals Trading (1)3.1%▼ 0.2 pts
- Pharmaceuticals & Biotechnology (1)2.8%▲ 0.1 pts
- Realty (1)2.6%▲ 0.1 pts
- Leisure Services (1)2.3%▼ 0.2 pts
- Automobiles (1)2.2%
- Food Products (1)2.0%▼ 0.2 pts
- Personal Products (1)1.3%
- Electrical Equipment (1)0.6%▼ 0.9 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
8.3%
unchanged vs Sep 2026
- Cash alone
- 8.2%
- cash and net receivables
- A year earlier
- 3.3%
- Oct 2025 · now ▲ 5.0 pts
- Last 12 months
- 4.4% – 12.4%
- lowest to highest · record 12.4% in Feb 2026
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 | ₹50,423 Cr | 27 | 2 | 1 | 8.2% | 8.3% | 31% |
| Sep 2026 | ₹50,180 Cr | 26 | 0 | 0 | 7.3% | 8.3% | 37% |
| Aug 2026 | ₹51,248 Cr | 26 | 1 | 0 | 6.2% | 7.1% | 38% |
| Jul 2026 | ₹50,041 Cr | 25 | 0 | 0 | 6.2% | 7.1% | 36% |
| Jun 2026 | ₹47,274 Cr | 25 | 1 | 0 | 6.4% | 7.4% | 36% |
| May 2026 | ₹46,623 Cr | 24 | 0 | 0 | 7.7% | 8.8% | 40% |
| Apr 2026 | ₹46,042 Cr | 24 | 2 | 4 | 7.9% | 8.8% | 38% |
| Mar 2026 | ₹39,739 Cr | 26 | 2 | 1 | 9.6% | 10.6% | — |
| Feb 2026 | ₹43,311 Cr | 25 | 0 | 0 | 11.3% | 12.4% | — |
| Jan 2026 | ₹42,998 Cr | 25 | 0 | 2 | 10.5% | 11.4% | — |
| Dec 2025 | ₹43,173 Cr | 27 | 1 | 2 | 6.5% | 7.4% | — |
| Nov 2025 | ₹42,773 Cr | 28 | 0 | 0 | 3.5% | 4.4% | — |
| Oct 2025 | ₹40,824 Cr | 28 | 3 | 3 | 2.6% | 3.3% | — |
| Sep 2025 | ₹38,917 Cr | 28 | 0 | 0 | 3.5% | 4.6% | — |
| Aug 2025 | ₹37,764 Cr | 28 | 1 | 0 | 1.9% | 2.8% | — |
| Jul 2025 | ₹37,936 Cr | 27 | 0 | 0 | 5.0% | 5.9% | — |
| Jun 2025 | ₹38,610 Cr | 27 | 2 | 0 | 5.5% | 6.5% | — |
| May 2025 | ₹37,122 Cr | 25 | 0 | 0 | 7.1% | 8.1% | — |
| Apr 2025 | ₹36,041 Cr | 25 | 0 | 2 | 9.1% | 10.0% | — |
| Mar 2025 | ₹35,253 Cr | 27 | 1 | 1 | 7.8% | 8.7% | — |
| Feb 2025 | ₹32,929 Cr | 27 | 0 | 0 | 4.8% | 5.7% | — |
| Jan 2025 | ₹34,678 Cr | 27 | 1 | 1 | 5.0% | 6.0% | — |
| Dec 2024 | ₹34,680 Cr | 27 | 1 | 0 | 5.3% | 6.3% | — |
| Nov 2024 | ₹34,747 Cr | 26 | 0 | 2 | 7.8% | 8.7% | — |
For any of the 22 earlier months, choose it in “Portfolio as of” at the top of the page.