SBI Mutual Fund managed assets worth ₹12.80 lakh crore as of May 31, 2026, making it the country's largest fund house by assets under management.
Data compiled by Motilal Oswal Financial Services shows that the portfolio remained concentrated in large-cap companies across banking, financial services, technology, and infrastructure sectors.
HDFC Bank remained the fund house's biggest holding with a portfolio allocation of 6.8% in May 2026. During the month, around 94.53 lakh shares were sold, reducing its weight by 0.4 percentage points from April.
ICICI Bank ranked 2nd with a 6.4% allocation. The fund house added nearly 1.89 crore shares, resulting in a 0.2 percentage point increase in its portfolio weight over the previous month.
Reliance Industries accounted for 5.3% of the portfolio in May. Around 1.10 crore shares were added during the month, although its portfolio weight declined by 0.3 percentage points.
Bharti Airtel had a 3.4% allocation after the addition of 35.11 lakh shares, while Larsen & Toubro held a 3% allocation with 9.86 lakh shares added during the period.
State Bank of India represented 3.5% of the portfolio after the sale of around 97.70 lakh shares, reducing its weight by 0.5 percentage points.
Kotak Mahindra Bank and Axis Bank accounted for 2.8% and 2.5% of the portfolio, respectively, with their overall weights remaining unchanged despite changes in shareholding.
Infosys had a portfolio allocation of 2.3% after 11.68 lakh shares were sold, while Bajaj Finance stood at 1.6% following the addition of around 40.16 lakh shares during May.
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The latest portfolio data indicates that SBI Mutual Fund continued to maintain significant exposure to large-cap banking stocks, alongside holdings in technology, telecom, industrial and diversified businesses.
Several positions saw changes in share count during May, while portfolio allocations across most top holdings remained broadly stable.
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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: Jun 17, 2026, 3:29 PM IST
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