SBI Mutual Fund August 2026 Holdings: ICICI Bank Leads Portfolio, HDFC Bank and RIL Follow

Written by: Team Angel OneUpdated on: 19 Sept 2026, 10:59 pm IST

SBI Mutual Fund held ICICI Bank, HDFC Bank and RIL as its three largest stocks in August, while several portfolio weights changed.

SBI Mutual Fund had ₹13.42 lakh crore in Assets Under Management (AUM) as of August 2026. According to a report by Motilal Oswal Financial Services, ICICI Bank, HDFC Bank and Reliance Industries were the three largest stock holdings during the month.

The top 10 list also included State Bank of India (SBI), Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Axis Bank, Bajaj Finance and Infosys. The weights of several stocks changed from July, 2026.

ICICI Bank at 7%

ICICI Bank remained the largest stock holding, with a 7% share of the portfolio. Its weight was unchanged from July.

HDFC Bank was next at 6.5%. Its portfolio weight fell by 0.4% during August. RIL had a 4.6% weight, down 0.2% from the previous month.

SBI and Bharti Airtel

SBI accounted for 3.4% of the portfolio in August, with no change in its weight from July. Bharti Airtel had a 3.2% allocation, which was 0.2% lower than the previous month.

Kotak Mahindra Bank accounted for 2.9%. SBI Mutual Fund added around 1.13 crore shares of the bank during the month, increasing its portfolio weight by 0.2%.

L&T and Axis Bank

L&T had a 2.8% portfolio weight in August, up 0.1% from July. Axis Bank accounted for 2.2% of the portfolio.

The fund house added around 3.46 lakh shares of Axis Bank during the month. Its portfolio weight increased by 0.1%.

Bajaj Finance and Infosys

Bajaj Finance and Infosys each had a 2.1% share of the portfolio. The allocation to Bajaj Finance declined by 0.2%, while Infosys saw a 0.1% fall.

Conclusion

The August data showed changes in the allocation to several of SBI Mutual Fund’s largest stock holdings. HDFC Bank recorded the biggest fall in weight, while Kotak Mahindra Bank saw the largest increase among the listed stocks.

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.

Published on: Sep 19, 2026, 5:29 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More