RIL, SBI, and Infosys Lead SBI Mutual Fund’s Top Holdings in January 2026

SBI Mutual Fund, the country’s largest fund house by assets, reported an AUM of about ₹12.84 lakh crore in January. The fund house managed 126 schemes across equity, debt, and hybrid categories, as per the Motilal Oswal Financial Services report. 

Banking Stocks Dominate 

Banking names formed the largest portion of the portfolio. HDFC Bank remained the top holding with an allocation of 8.6%, though its weight declined by 0.4% points from the previous month.  

ICICI Bank was the 2nd-largest position at 5.6%, with the fund house adding around 67.11 lakh shares. Its weight rose by 0.3% points during the month. 

Exposure to Large-Cap Companies 

Reliance Industries accounted for 5.4% of the portfolio in January. Its allocation declined by 0.5% points compared to December. State Bank of India (SBI) held a weight of 3.7%, after the fund house added about 62.47 lakh shares, increasing its allocation by 0.5% points. 

Infosys formed 3.4% of the portfolio. The fund house added around 38.20 lakh shares during the month, which raised its weight by 0.2% points. 

Telecom, Infrastructure, and Private Banks 

Bharti Airtel had a portfolio allocation of 3.2%, with a marginal decline of 0.1% points. Larsen & Toubro (L&T) and Axis Bank were held at 2.8% each. The weight in L&T remained unchanged, while the fund house added about 1.39 crore shares of Axis Bank, pushing its allocation up by 0.5% points. 

Other Holdings 

Kotak Mahindra Bank and Tata Consultancy Services (TCS) accounted for 2.7% and 1.6% of the portfolio respectively. The weights of both stocks remained unchanged compared to the previous month. 

Read More: BSE, Swiggy, and Eternal Among Key Stocks in Invesco India Mutual Fund’s January Holdings! 

Conclusion 

The January portfolio continued to be led by banking stocks, with selective additions in ICICI Bank, SBI, Infosys, and Axis Bank, while some positions saw minor reductions in allocation. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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