SBI Arbitrage Fund

SBI Mutual FundHybridPortfolio as of 30 September 2026

SBI Arbitrage Fund holds 203 instruments (77.15% equity), led by Reliance Industries Limited (5.58%), HDFC Bank Limited (4.92%) and State Bank of India (3.68%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings
203
Equity Allocation
77.15%
AMC
SBI Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of SBI Arbitrage Fund, managed by SBI Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 203 instruments with an equity allocation of 77.15%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

SBI Arbitrage Fund's top 10 holdings account for 27.78% of its portfolio, in line with the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 28.03% of net assets, spread across 12 sectors in total. Since its 31 August 2026 disclosure, the fund added 4 new positions and exited 7 positions, with Reliance Industries Limited seeing the largest move (+1.28pp to 5.58%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services
28.03%
Other
22.85%
Materials
8.29%
Energy
7.46%
Consumer Discretionary
6.66%
Industrials
6.56%
Utilities
4.41%
Telecommunication
4.1%
Healthcare
3.81%
Consumer Staples
3.66%
Information Technology
2.31%
Services
1.22%
Real Estate
0.64%

Top 10 Equity Holdings

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

4 new entries7 exits10 increased10 reduced

Biggest Weight Increases

StockWeightChange
Reliance Industries Limited4.3% → 5.58%▲ +1.28
Tata Steel Limited1.05% → 1.59%▲ +0.54
Samvardhana Motherson International Limited0.33% → 0.71%▲ +0.38
IndusInd Bank Limited0.06% → 0.43%▲ +0.37
ICICI Bank Limited2.46% → 2.75%▲ +0.29
Divi's Laboratories Limited0.8% → 1.09%▲ +0.29
Bajaj Finance Limited1.31% → 1.57%▲ +0.26
Adani Power Limited0.78% → 1.03%▲ +0.25
Tech Mahindra Limited0.39% → 0.64%▲ +0.25
Coforge Limited0.09% → 0.32%▲ +0.23

Biggest Weight Reductions

StockWeightChange
DLF Limited0.37% → 0.05%▼ -0.32
Bharat Electronics Limited1.67% → 1.36%▼ -0.31
Max Financial Services Limited0.34% → 0.09%▼ -0.25
TVS Motor Company Limited0.4% → 0.17%▼ -0.23
Larsen & Toubro Limited1.09% → 0.87%▼ -0.22
BSE Limited0.29% → 0.07%▼ -0.22
HDFC Bank Limited5.14% → 4.92%▼ -0.22
Grasim Industries Limited0.23% → 0.03%▼ -0.2
InterGlobe Aviation Limited0.3% → 0.1%▼ -0.2
Godrej Consumer Products Limited0.33% → 0.14%▼ -0.19

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 2 monthly disclosures (Aug – Sept 2026).

Aug: 4.3%, Sept: 5.58%
5.58%
Aug: 5.14%, Sept: 4.92%
4.92%
Aug: 3.75%, Sept: 3.68%
3.68%
Aug: 2.46%, Sept: 2.75%
2.75%
Aug: 2.37%, Sept: 2.39%
2.39%

Full Portfolio (203 holdings)

#HoldingSector% to NAV
1SBI Liquid Fund - DIRECT PLAN -Growthmf—7.25%
2SBI SAVINGS FUND - DIRECT PLAN - GROWTHmf—7.06%
3Reliance Industries LimitedEnergy5.58%
4HDFC Bank LimitedFinancial Services4.92%
5State Bank of IndiaFinancial Services3.68%
6ICICI Bank LimitedFinancial Services2.75%
7HDFC Bank Ltdbond—2.54%
8TREPStreps—2.4%
9Bharti Airtel LimitedTelecommunication2.39%
10Axis Bank LimitedFinancial Services2.31%
11Tata Steel LimitedMaterials1.59%
12JSW Steel LimitedMaterials1.58%
13Bajaj Finance LimitedFinancial Services1.57%
14Adani Enterprises LimitedMaterials1.41%
15Bharat Electronics LimitedIndustrials1.36%
16Hindustan Aeronautics LimitedIndustrials1.16%
17Vodafone Idea LimitedTelecommunication1.1%
18Divi's Laboratories LimitedHealthcare1.09%
19Union Bank of Indiabond—1.06%
20Bank of Barodabond—1.06%
21Adani Power LimitedUtilities1.03%
22Adani Green Energy LimitedUtilities0.99%
23ITC LimitedConsumer Staples0.93%
24Coal India LimitedEnergy0.9%
25Canara BankFinancial Services0.89%
26Power Finance Corporation LimitedFinancial Services0.88%
27Larsen & Toubro LimitedIndustrials0.87%
28Kotak Mahindra Bank LimitedFinancial Services0.85%
29Adani Energy Solutions LimitedUtilities0.81%
30Bank of BarodaFinancial Services0.78%
31Punjab National BankFinancial Services0.78%
32Jio Financial Services LimitedFinancial Services0.77%
33Varun Beverages LimitedConsumer Staples0.76%
34The Federal Bank LimitedFinancial Services0.74%
35IDFC First Bank LimitedFinancial Services0.73%
36Bharat Heavy Electricals LimitedIndustrials0.72%
37Samvardhana Motherson International LimitedConsumer Discretionary0.71%
38The Indian Hotels Company LimitedConsumer Discretionary0.7%
39Tech Mahindra LimitedInformation Technology0.64%
40Tata Power Company LimitedUtilities0.64%
41TATA CONSUMER PRODUCTS LIMITEDConsumer Staples0.62%
42Indus Towers LimitedTelecommunication0.61%
43Maruti Suzuki India LimitedConsumer Discretionary0.6%
44Ambuja Cements LimitedMaterials0.59%
45Infosys LimitedInformation Technology0.59%
46Indian Oil Corporation LimitedEnergy0.56%
47Hindustan Unilever LimitedConsumer Staples0.56%
48NTPC LimitedUtilities0.55%
49Hindalco Industries LimitedMaterials0.54%
50Tata Motors Passenger Vehicles LimitedConsumer Discretionary0.52%
51Cholamandalam Investment and Finance Company LimitedFinancial Services0.49%
52Glenmark Pharmaceuticals LimitedHealthcare0.48%
53Punjab National Bank 2027bond—0.47%
54Adani Ports and Special Economic Zone LimitedServices0.46%
55Kalyan Jewellers India LimitedConsumer Discretionary0.46%
56Steel Authority of India LimitedMaterials0.46%
57Manappuram Finance LimitedFinancial Services0.45%
58Shriram Finance LimitedFinancial Services0.45%
59Mahindra & Mahindra LimitedConsumer Discretionary0.44%
60IndusInd Bank LimitedFinancial Services0.43%
61NMDC LimitedMaterials0.42%
62UltraTech Cement LimitedMaterials0.42%
63Union Bank of Indiabond—0.42%
64Cummins India LimitedIndustrials0.41%
65Multi Commodity Exchange of India LimitedFinancial Services0.41%
66GMR AIRPORTS LIMITEDServices0.4%
67Info Edge (India) LimitedConsumer Discretionary0.39%
68Solar Industries India LimitedMaterials0.38%
69APL Apollo Tubes LimitedIndustrials0.38%
70Life Insurance Corporation Of IndiaFinancial Services0.38%
71Biocon LimitedHealthcare0.37%
72Union Bank of IndiaFinancial Services0.37%
73HDFC Asset Management Company LimitedFinancial Services0.36%
74Eicher Motors LimitedConsumer Discretionary0.35%
75Aurobindo Pharma LimitedHealthcare0.34%
76Torrent Pharmaceuticals LimitedHealthcare0.32%
77Crompton Greaves Consumer Electricals LimitedConsumer Discretionary0.32%
78Coforge LimitedInformation Technology0.32%
79Titan Company LimitedConsumer Discretionary0.32%
80Aditya Birla Capital LimitedFinancial Services0.31%
81Avenue Supermarts LimitedConsumer Discretionary0.3%
82HCL Technologies LimitedInformation Technology0.27%
83Bajaj Auto LimitedConsumer Discretionary0.27%
84Hitachi Energy India LimitedIndustrials0.27%
85Apollo Hospitals Enterprise LimitedHealthcare0.27%
86Godrej Properties LimitedReal Estate0.24%
87Bank of IndiaFinancial Services0.22%
88Sun Pharmaceutical Industries LimitedHealthcare0.22%
89Canara Bankbond—0.22%
90Bank of Barodabond—0.22%
91Swiggy LimitedConsumer Discretionary0.21%
92One 97 Communications LimitedFinancial Services0.21%
93Patanjali Foods LimitedConsumer Staples0.21%
94AU Small Finance Bank LimitedFinancial Services0.21%
95CD - ICICI BANK LTDbond—0.21%
96Small Industries Development Bank of Indiabond—0.21%
97KEI Industries LimitedIndustrials0.2%
98Tata Consultancy Services LimitedInformation Technology0.2%
99SRF LimitedMaterials0.19%
100Bandhan Bank LimitedFinancial Services0.19%
101HDFC Life Insurance Company LimitedFinancial Services0.19%
102Laurus Labs LimitedHealthcare0.18%
103Dabur India LimitedConsumer Staples0.18%
104Hindustan Zinc LimitedMaterials0.17%
105NBCC (India) LimitedIndustrials0.17%
106Lodha Developers LimitedReal Estate0.17%
107TVS Motor Company LimitedConsumer Discretionary0.17%
108GE Vernova T&D India LimitedIndustrials0.17%
109ETERNAL LIMITEDConsumer Discretionary0.16%
110Fortis Healthcare LimitedHealthcare0.16%
111Muthoot Finance LimitedFinancial Services0.16%
112JINDAL STEEL LIMITEDMaterials0.16%
113Container Corporation of India LimitedServices0.15%
114MphasiS LimitedInformation Technology0.15%
115Suzlon Energy LimitedIndustrials0.15%
116Oil & Natural Gas Corporation LimitedEnergy0.14%
117RBL Bank LimitedFinancial Services0.14%
118L&T Finance LimitedFinancial Services0.14%
119JSW Energy LimitedUtilities0.14%
120Ashok Leyland LimitedIndustrials0.14%
121Central Depository Services (India) LimitedFinancial Services0.14%
122Godrej Consumer Products LimitedConsumer Staples0.14%
123Cipla LimitedHealthcare0.13%
124Power Grid Corporation of India LimitedUtilities0.13%
125Astral LimitedIndustrials0.13%
126LIC Housing Finance LimitedFinancial Services0.12%
127PNB Housing Finance LimitedFinancial Services0.12%
128Hindustan Petroleum Corporation LimitedEnergy0.12%
129ICICI Lombard General Insurance Company LimitedFinancial Services0.11%
130Bharat Forge LimitedConsumer Discretionary0.11%
131Vedanta LimitedMaterials0.11%
132Delhivery LimitedServices0.11%
133Lupin LimitedHealthcare0.1%
134InterGlobe Aviation LimitedServices0.1%
135Bharat Petroleum Corporation LimitedEnergy0.09%
136Max Financial Services LimitedFinancial Services0.09%
137National Aluminium Company LimitedMaterials0.09%
138Polycab India LimitedIndustrials0.09%
139The Phoenix Mills LimitedReal Estate0.09%
140Alkem Laboratories LimitedHealthcare0.09%
141Inox Wind LimitedIndustrials0.09%
142UPL LimitedMaterials0.09%
143Voltas LimitedConsumer Discretionary0.09%
144Marico LimitedConsumer Staples0.09%
145Asian Paints LimitedConsumer Discretionary0.09%
146Bajaj Finserv LimitedFinancial Services0.08%
147Persistent Systems LimitedInformation Technology0.08%
148Supreme Industries LimitedIndustrials0.08%
149BSE LimitedFinancial Services0.07%
150Amber Enterprises India LimitedConsumer Discretionary0.07%
151SBI Life Insurance Company LimitedFinancial Services0.07%
152Oberoi Realty LimitedReal Estate0.07%
153PB Fintech LimitedFinancial Services0.07%
154Oil India LimitedEnergy0.07%
155Bajaj Holdings & Investment LimitedFinancial Services0.06%
156Tube Investments of India LimitedConsumer Discretionary0.06%
157Bosch LimitedConsumer Discretionary0.06%
158Hero MotoCorp LimitedConsumer Discretionary0.06%
159GAIL (India) LimitedUtilities0.06%
160United Spirits LimitedConsumer Staples0.06%
161Indian BankFinancial Services0.05%
162NHPC LimitedUtilities0.05%
163Premier Energies LimitedIndustrials0.05%
164Indian Energy Exchange LimitedFinancial Services0.05%
165Trent LimitedConsumer Discretionary0.05%
166REC LimitedFinancial Services0.05%
167360 ONE WAM LIMITEDFinancial Services0.05%
168DLF LimitedReal Estate0.05%
169364 Days Treasury Billstbill—0.05%
170Radico Khaitan LimitedConsumer Staples0.04%
171Colgate Palmolive (India) LimitedConsumer Staples0.04%
172PG Electroplast LimitedConsumer Discretionary0.04%
173ABB India LimitedIndustrials0.04%
174FSN E-Commerce Ventures LimitedConsumer Discretionary0.04%
175Rail Vikas Nigam LimitedIndustrials0.04%
176ICICI Prudential Life Insurance Company LimitedFinancial Services0.04%
177SHREE CEMENT LIMITEDMaterials0.04%
178Angel One LimitedFinancial Services0.04%
179KPIT Technologies LimitedInformation Technology0.03%
180Sona BLW Precision Forgings LimitedConsumer Discretionary0.03%
181SBI Cards and Payment Services LimitedFinancial Services0.03%
182Nestle India LimitedConsumer Staples0.03%
183Mankind Pharma LimitedHealthcare0.03%
184CG Power and Industrial Solutions LimitedIndustrials0.03%
185Grasim Industries LimitedMaterials0.03%
186Vishal Mega Mart LimitedConsumer Discretionary0.02%
187SAGILITY LIMITEDInformation Technology0.02%
188Computer Age Management Services LimitedFinancial Services0.02%
189Pidilite Industries LimitedMaterials0.02%
190FORCE MOTORS LTDConsumer Discretionary0.02%
191Zydus Lifesciences LimitedHealthcare0.02%
192Prestige Estates Projects LimitedReal Estate0.02%
193Max Healthcare Institute LimitedHealthcare0.01%
194Tata Elxsi LimitedInformation Technology0.01%
195Petronet LNG LimitedUtilities0.01%
196Motilal Oswal Financial Services LimitedFinancial Services0.01%
197Mazagon Dock Shipbuilders LimitedIndustrials0.01%
198Britannia Industries LimitedConsumer Staples0%
199Bank of MaharashtraFinancial Services0%
200UNO Minda LimitedConsumer Discretionary0%
201Godfrey Phillips India LimitedConsumer Staples0%
202Margin amount for Derivative positionsother—0%
203Net Receivable / Payableother—-0.32%

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Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 5.58% of SBI Arbitrage Fund's net assets — its number 1 holding.
Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 4.92% of SBI Arbitrage Fund's net assets — its number 2 holding.
Yes. As of its 30 September 2026 disclosure, State Bank of India is 3.68% of SBI Arbitrage Fund's net assets — its number 3 holding.
Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 2.75% of SBI Arbitrage Fund's net assets — its number 4 holding.
Yes. As of its 30 September 2026 disclosure, Bharti Airtel Limited is 2.39% of SBI Arbitrage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: SBI Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.