RIL, SBI, and ITC Lead SBI Mutual Fund’s Top 10 Picks for November 2025

SBI Mutual Fund remained the country’s largest asset manager in November 2025, with assets under management of ₹12.76 lakh crore. The fund house ran 125 schemes during the month as per Motilal Oswal Financial Services report. 

Top Holding Remains HDFC Bank 

HDFC Bank continued to be SBI Mutual Fund’s largest equity holding in November, with an allocation of about 9.3%.  

During the month, the fund house sold around 10.11 lakh shares of the bank. Despite the sale, the stock’s portfolio weight stayed unchanged compared with October. 

Reliance Industries Exposure 

Reliance Industries Limited was among the key holdings, accounting for roughly 6% of the portfolio. SBI Mutual Fund sold nearly 9.78 lakh shares of the company in November.  

Even with the reduction in shares, the stock’s weight increased by 0.2% from the previous month. 

Banking Stocks Feature Prominently 

ICICI Bank made up about 5.6% of the portfolio in November. The fund house added around 33.30 lakh shares during the month, resulting in a 0.1% increase in the stock’s weight. 

State Bank of India, Infosys, and Bharti Airtel each had an allocation of close to 3.2%. In SBI’s case, around 19.48 lakh shares were sold, while about 28.02 lakh shares were added, leading to a net rise of 0.1% in weight. Infosys also recorded a 0.1% increase in weight. Bharti Airtel’s allocation remained unchanged. 

Other Major Stocks 

Larsen & Toubro accounted for nearly 2.8% of the portfolio in November, with no change in its weight on a month-on-month basis. Kotak Mahindra Bank stood at around 2.6%, with its weight declining by 0.1%. 

Axis Bank had a portfolio allocation of about 2.3%, which remained stable during the month. ITC completed the list of top holdings with an allocation of roughly 1.9%, down 0.1% from October. 

Read More: Bhavish Aggarwal Sells Ola Electric Shares to Repay ₹260 Crore Promoter Loan! 

Conclusion 

SBI Mutual Fund’s November portfolio showed limited changes in allocation, with banking stocks continuing to account for a large share of its equity exposure. 

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.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.