SBI Mutual Fund’s October Portfolio: RIL & ITC Lead Top Holdings
For investors tracking India’s stock markets, the monthly portfolio disclosures of major fund houses like SBI Mutual Fund offer valuable insights. As India’s largest asset manager, SBI MF’s investment choices often reflect broader market trends. In October 2023, the fund continued favoring India’s blue-chip giants, with Reliance Industries (RIL) and ITC standing out in its top 10 holdings.
Why RIL & ITC Remain Key Holdings
SBI Mutual Fund’s top holdings showcase a strong preference for large-cap leaders, with financial heavyweights like HDFC Bank and ICICI Bank at the forefront. However, RIL and ITC hold strategic positions, reinforcing confidence in India’s economic expansion across sectors.
Reliance Industries (RIL): A Diversified Powerhouse
- Dominates energy, telecom (Jio), and retail sectors
- Massive green energy and 5G investments driving future growth
- High liquidity and stability make it a core holding for large funds
ITC’s Remarkable Transformation
- Strong FMCG growth beyond cigarettes
- Recovering hospitality & stable agri-business
- Attractive dividend yield and defensive appeal in volatile markets
Other Key Holdings & Investor Takeaways
The top 10 also includes Infosys, L&T, and State Bank of India, reflecting a focus on diversified leadership.
What Should Investors Learn?
✅ Blue-chip validation – SBI MF’s holdings reinforce trust in market leaders.
✅ Economic optimism – Heavyweight financials and consumption stocks signal confidence in India’s growth.
⚠️ Avoid blind copying – Use fund insights for research, not direct replication.
