SBI MF Bets Big: Top 10 Stocks for August Revealed

As of August, SBI Mutual Fund, India's largest asset manager by AUM, managed a substantial Rs 13.42 lakh crore. The fund's top stock holding was ICICI Bank, representing 7% of its portfolio, with its weight remaining unchanged from July. HDFC Bank followed closely at 6.5%, though its portfolio weight saw a slight decrease of 0.4%. Reliance Industries Limited (RIL) held the third position with a 4.6% portfolio weight, which declined by 0.2% in August. SBI and Bharti Airtel constituted 3.4% and 3.2% of the portfolio, respectively. SBI's weight remained stable, while Bharti Airtel's decreased by 0.2%. Kotak Mahindra Bank and L&T held weights of 2.9% and 2.8%. Notably, SBI Mutual Fund acquired approximately 1.13 crore shares of Kotak Mahindra Bank, increasing its weight by 0.2%, and L&T's weight saw a 0.1% rise. Axis Bank accounted for 2.2% of the portfolio, with an addition of around 3.46 lakh shares, boosting its weight by 0.1%. Finally, Bajaj Finance and Infosys each represented 2.1% of the portfolio, with their respective weights declining by 0.2% and 0.1%.