Scheme

SBI Arbitrage Fund

Holds 188 companies worth ₹35,761 Cr in Sept 2026.

Fund house
SBIThe fund house that runs this scheme.
AUM
₹46,309 CrSBI Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.1% on Aug 2026, ₹47,283 Cr.
Largest holding
Reliance IndustriesReliance Industries is 5.6% of this scheme's NAV.
Fund manager
Neeraj KumarRuns it since 31 Jan 2024, as the fund house dates it. With Ardhendu Bhattacharya (fund manager).

Holdings^{(Jul 2018 – Sept 2026)}

Holdings in Sept 2026. Tick up to 2 to plot them.
Plot	188 companies ·	₹ Cr
	Reliance Industries	2,584
	HDFC Bank	2,276
	State Bank of India	1,705
	ICICI Bank	1,275
	Bharti Airtel Limited	1,105
	Axis Bank	1,072
	Tata Steel Limited	734
	JSW Steel	730
	Bajaj Finance Limited	728
	Adani Enterprises	654
	Bharat Electronics	629
	Hindustan Aeronautics Limited	539
	Idea Cellular	511
	Divi s Laboratories Limited	503
	Adani Power Limited	477
	Adani Green Energy Limited	457
	ITC	430
	Coal India	416
	Canara Bank	410
	Power Finance Corporation	409
	Larsen and Toubro	402
	Kotak Mahindra Bank Limited	391
	Adani Energy Solutions Limited	376
	Bank of Baroda	362
	Punjab National Bank	359
	Jio Financial Services Limited	356
	Varun Beverages Limited	351
	Federal Bank	342
	IDFC Bank Limited	338
	Bharat Heavy Electricals	334
	Motherson Sumi Systems	329
	Indian Hotels Co	324
	Tech Mahindra	295
	Tata Power Co	295
	Tata Consumer Products Limited	289
	Bharti Infratel	284
	MARUTI SUZUKI INDA LIMITED	277
	Ambuja Cement	276
	Infosys	272
	Indian Oil Corp Ltd	261
	Hindustan Unilever	261
	NTPC	253
	Hindalco Industries	248
	Tata Motors	239
	Cholamandalam DBS Finance	226
	Glenmark Pharmaceuticals	224
	ADANI PORT AND SPECIAL ECONOMIC ZONE LTD	214
	Kalyan Jewellers India Limited	213
	STEEL AUTHORITY INDIA LTD	213
	Manappuram Finance Limited	210

Reliance Industries
HDFC Bank

Market value of each ticked company in SBI Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	Reliance Industries	HDFC Bank
Sept 2025	₹1,063 Cr	₹2,560 Cr
Oct 2025	₹1,130 Cr	₹2,661 Cr
Nov 2025	₹884 Cr	₹2,534 Cr
Dec 2025	₹809 Cr	₹2,492 Cr
Jan 2026	₹919 Cr	₹2,417 Cr
Feb 2026	₹893 Cr	₹2,663 Cr
Mar 2026	₹667 Cr	₹2,246 Cr
Apr 2026	₹803 Cr	₹2,247 Cr
May 2026	₹1,082 Cr	₹2,463 Cr
Jun 2026	₹1,537 Cr	₹2,540 Cr
Jul 2026	₹1,701 Cr	₹2,125 Cr
Aug 2026	₹2,035 Cr	₹2,429 Cr
Sept 2026	₹2,584 Cr	₹2,276 Cr

Fig. 1.Market value of each ticked company in SBI Arbitrage Fund, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of NAV
Large Cap	89	60.21

Mid Cap	79	13.20

Small Cap	19	2.15

Other equity	1	1.59

Cash & others		22.85

Sectors

Companies

Fig. 2.This scheme's holdings, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

Buying and selling, month by month^{(Oct 2025 – Sept 2026)}

Buying and selling, month by month. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Portfolio^{(Sept 2026)}

Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures. Click a column's header to sort by it.

Reliance Industries	Equity	Petroleum Products	2.18Cr	2,584	5.58
HDFC Bank	Equity	Banks	3.21Cr	2,276	4.92
State Bank of India	Equity	Banks	1.78Cr	1,705	3.68
ICICI Bank	Equity	Banks	96.5L	1,275	2.75
Bharti Airtel Limited	Equity	Telecom - Services	62.9L	1,105	2.39
Axis Bank	Equity	Banks	87.4L	1,072	2.31
Tata Steel Limited	Rights	Ferrous Metals	3.98Cr	734	1.59
JSW Steel	Equity	Ferrous Metals	58.3L	730	1.58
Bajaj Finance Limited	Equity	Finance	75.9L	728	1.57
Adani Enterprises	Equity	Metals & Minerals Trading	22.5L	654	1.41
Bharat Electronics	Equity	Aerospace & Defense	1.62Cr	629	1.36
Hindustan Aeronautics Limited	Equity	Aerospace & Defense	11.6L	539	1.16
Idea Cellular	Equity	Telecom - Services	39.5Cr	511	1.10
Divi s Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	5.42L	503	1.09
Adani Power Limited	Equity	Power	2.34Cr	477	1.03
Adani Green Energy Limited	Equity	Power	35.8L	457	0.99
ITC	Equity	Diversified FMCG	1.64Cr	430	0.93
Coal India	Equity	Consumable Fuels	98L	416	0.90
Canara Bank	Equity	Banks	3.44Cr	410	0.89
Power Finance Corporation	Equity	Finance	1.26Cr	409	0.88
Larsen and Toubro	Equity	Construction	10.7L	402	0.87
Kotak Mahindra Bank Limited	Equity	Banks	93.8L	391	0.85
Adani Energy Solutions Limited	Equity	Power	28.6L	376	0.81
Bank of Baroda	Equity	Banks	1.57Cr	362	0.78
Punjab National Bank	Equity	Banks	3.18Cr	359	0.78
Jio Financial Services Limited	Equity	Finance	1.64Cr	356	0.77
Varun Beverages Limited	Equity	Beverages	81.4L	351	0.76
Federal Bank	Equity	Banks	1.08Cr	342	0.74
IDFC Bank Limited	Equity	Banks	4.15Cr	338	0.73
Bharat Heavy Electricals	Equity	Electrical Equipment	80.4L	334	0.72
Motherson Sumi Systems	Equity	Auto Components	2.02Cr	329	0.71
Indian Hotels Co	Equity	Leisure Services	44.5L	324	0.70
Tech Mahindra	Equity	IT - Software	19.4L	295	0.64
Tata Power Co	Equity	Power	82.2L	295	0.64
Tata Consumer Products Limited	Equity	Agricultural Food & other Products	30.5L	289	0.62
Bharti Infratel	Equity	Telecom - Services	76.1L	284	0.61
MARUTI SUZUKI INDA LIMITED	Equity	Automobiles	2.32L	277	0.60
Ambuja Cement	Equity	Cement & Cement Products	73.7L	276	0.59
Infosys	Equity	IT - Software	27.3L	272	0.59
Indian Oil Corp Ltd	Equity	Petroleum Products	1.93Cr	261	0.56
Hindustan Unilever	Equity	Diversified FMCG	13.9L	261	0.56
NTPC	Equity	Power	78.4L	253	0.55
Hindalco Industries	Equity	Non - Ferrous Metals	26.3L	248	0.54
Tata Motors	Equity	Automobiles	84.3L	239	0.52
Cholamandalam DBS Finance	Equity	Finance	14L	226	0.49
Glenmark Pharmaceuticals	Equity	Pharmaceuticals & Biotechnology	9.59L	224	0.48
ADANI PORT AND SPECIAL ECONOMIC ZONE LTD	Equity	Transport Infrastructure	11.9L	214	0.46
Kalyan Jewellers India Limited	Equity	Consumer Durables	38.6L	213	0.46
STEEL AUTHORITY INDIA LTD	Equity	Ferrous Metals	1.17Cr	213	0.46
Manappuram Finance Limited	Equity	Finance	66.5L	210	0.45
Shriram Finance Limited	Equity	Finance	21L	207	0.45
Mahindra and Mahindra Limited	Equity	Automobiles	6.83L	202	0.44
IndusInd Bank	Equity	Banks	22.1L	199	0.43
NMDC	Equity	Minerals & Mining	2.57Cr	197	0.42
UltraTech Cement Limited	Equity	Cement & Cement Products	1.76L	193	0.42
Cummins India	Equity	Industrial Products	4.03L	192	0.41
Multi Commodity Exchange of India Limited	Equity	Capital Markets	5.74L	189	0.41
GMR Airport Ltd	Equity	Transport Infrastructure	1.96Cr	186	0.40
Info Edge India Limited	Equity	Retailing	14.8L	181	0.39
Solar Industries India	Equity	Chemicals & Petrochemicals	90.1K	177	0.38
APL Apollo Tubes	Equity	Industrial Products	7.96L	174	0.38
LIC of India Ltd	Equity	Insurance	43.9L	174	0.38
Biocon	Equity	Pharmaceuticals & Biotechnology	46.7L	173	0.37
Union Bank of India	Equity	Banks	99.1L	170	0.37
HDFC Asset Management Co Ltd	Equity	Capital Markets	7.32L	167	0.36
Eicher Motors	Equity	Automobiles	2.28L	163	0.35
Aurobindo Pharma	Equity	Pharmaceuticals & Biotechnology	9.3L	155	0.34
Torrent Pharmaceuticals Limited	Equity	Pharmaceuticals & Biotechnology	3.1L	149	0.32
Crompton Greaves Cons Electrical Ltd	Equity	Consumer Durables	71.3L	149	0.32
Coforge Limited	Equity	IT - Software	8.47L	148	0.32
Titan Co Ltd	Equity	Consumer Durables	3.19L	146	0.32
Aditya Birla Capital Limited	Equity	Finance	38.1L	145	0.31
Avenue Supermarts Limited	Equity	Retailing	3.64L	138	0.30
HCL Technologies	Equity	IT - Software	10.3L	127	0.27
Bajaj Auto	Equity	Automobiles	1.16L	126	0.27
Hitachi Energy India Limited	Equity	Electrical Equipment	40.8K	125	0.27
Apollo Hospitals Enterprise Limited	Equity	Healthcare Services	1.53L	125	0.27
Godrej Properties	Equity	Realty	6.69L	109	0.24
Bank of India	Equity	Banks	79.8L	104	0.22
Sun Pharmaceutical Ind Ltd	Equity	Pharmaceuticals & Biotechnology	5.71L	104	0.22
Swiggy Limited	Equity	Retailing	39.3L	98.3	0.21
One 97 Communications Limited	Equity	Financial Technology (Fintech)	5.86L	98.3	0.21
Patanjali Foods Limited	Equity	Agricultural Food & other Products	26.9L	97.7	0.21
AU Small Finance Bank Limited	Equity	Banks	9.55L	96.5	0.21
KEI Industries Limited	Equity	Industrial Products	2.12L	94.7	0.20
Tata Consultancy Services	Equity	IT - Software	4.57L	93.7	0.20
SRF	Equity	Chemicals & Petrochemicals	3.57L	88.4	0.19
Bandhan Bank Limited	Equity	Banks	48.7L	86.8	0.19
HDFC Life Insurance Co Ltd	Equity	Insurance	16.5L	86	0.19
Laurus Labs Limited	Equity	Pharmaceuticals & Biotechnology	4.22L	83.7	0.18
Dabur India Ltd	Equity	Personal Products	21.8L	82.8	0.18
Hindustan Zinc	Equity	Non - Ferrous Metals	14.1L	80	0.17
National Building Construction Corp	Equity	Construction	1.02Cr	79.9	0.17
Lodha Developers Limited	Equity	Realty	7.03L	79.8	0.17
TVS Motor Co Ltd	Equity	Automobiles	1.88L	77.1	0.17
GE Vernova T D India Limited	Equity	Electrical Equipment	1.83L	76.9	0.17
Eternal Limited	Equity	Retailing	23.7L	75.8	0.16
Fortis Healthcare Limited	Equity	Healthcare Services	9.69L	74.6	0.16
Muthoot Finance Limited	Equity	Finance	2.71L	74.3	0.16
Jindal Steel and Power Limited	Equity	Ferrous Metals	6.48L	73.5	0.16
Container Corporation of India Limited	Equity	Transport Services	16L	71.6	0.15
MphasiS	Equity	IT - Software	3.31L	71.4	0.15
Suzlon Energy Limited	Equity	Electrical Equipment	1.78Cr	70.2	0.15
Oil and Natural Gas Corporation Limited	Equity	Oil	29.5L	66.7	0.14
Ratnakar Bank Limited	Equity	Banks	16.4L	66	0.14
LandT Finance Holdings Limited	Equity	Finance	24.9L	66	0.14
JSW Energy	Equity	Power	13.3L	65.8	0.14
Ashok Leyland	Equity	Agricultural, Commercial & Construction Vehicles	42.6L	65.6	0.14
Central Depository Services I Ltd	Equity	Capital Markets	5.15L	65.1	0.14
Godrej Consumer Products	Equity	Personal Products	7.6L	64.6	0.14
Cipla	Equity	Pharmaceuticals & Biotechnology	4.59L	61.8	0.13
Power Grid Corporation of India	Equity	Power	23.7L	61.7	0.13
Astral Limited	Equity	Industrial Products	4.28L	58.6	0.13
LIC Housing Finance	Equity	Finance	10.9L	57.7	0.12
PNB Housing Finance Limited	Equity	Finance	5.12L	57.3	0.12
Hindustan Petroleum Corp Ltd	Equity	Petroleum Products	16L	56	0.12
ICICI Lombard General Insurance Co	Equity	Insurance	3.26L	51.8	0.11
Bharat Forge	Equity	Auto Components	2.67L	51.4	0.11
Sesa Goa	Equity	Diversified Metals	19.2L	49.8	0.11
Delhivery Limited	Equity	Transport Services	12.1L	49.6	0.11
Lupin	Equity	Pharmaceuticals & Biotechnology	2.36L	48	0.10
Interglobe Aviation Limited	Equity	Transport Services	93.9K	46.8	0.10
Bharat Petroleum Corp Ltd	Equity	Petroleum Products	14.5L	44	0.090
Max Financial Services Limited	Equity	Insurance	3.18L	43.7	0.090
National Aluminium Co Ltd	Equity	Non - Ferrous Metals	12.8L	43.5	0.090
Polycab India Limited	Equity	Industrial Products	52.8K	42.3	0.090
Phoenix Mills Limited	Equity	Realty	2.17L	42.1	0.090
Alkem Laboratories Limited	Equity	Pharmaceuticals & Biotechnology	81.3K	42	0.090
Inox Wind Limited	Equity	Electrical Equipment	60.2L	41.9	0.090
United Phosphorous	Equity	Fertilizers & Agrochemicals	7.67L	41.4	0.090
Voltas	Equity	Consumer Durables	3.85L	41.2	0.090
Marico	Equity	Agricultural Food & other Products	5.22L	41	0.090
Asian Paints	Equity	Consumer Durables	1.66L	39.8	0.090
Bajaj Finserv Limited	Equity	Finance	2.18L	37.8	0.080
Persistent Systems	Equity	IT - Software	69.4K	36.6	0.080
SUPREME INDUSTIRES LTD	Equity	Industrial Products	1.02L	35.2	0.080
Bombay Stock Exchange Limited BSE	Equity	Capital Markets	1.11L	34.3	0.070
Amber Enterprises India Limited	Equity	Consumer Durables	51.2K	34.2	0.070
SBI Life Insurance Co Ltd	Equity	Insurance	1.99L	33.7	0.070
Oberoi Realty	Equity	Realty	1.89L	33.3	0.070
PB Fintech Limited	Equity	Financial Technology (Fintech)	2.99L	31.8	0.070
Oil India	Equity	Oil	6.96L	31.2	0.070
Bajaj Holdings and Investment Ltd	Equity	Finance	27.5K	29.7	0.060
Tube Investments of India Ltd	Equity	Auto Components	1.24L	29.5	0.060
Bosch	Equity	Auto Components	6.25K	29.4	0.060
Hero MotoCorp	Equity	Automobiles	54K	28.3	0.060
GAIL India	Equity	Gas	15.9L	27.2	0.060
United Spirits	Equity	Beverages	1.97L	26.7	0.060
Indian Bank	Equity	Banks	3.13L	25.2	0.050
NHPC	Equity	Power	34.1L	24.9	0.050
Premier Energies Limited	Equity	Electrical Equipment	2.85L	24.8	0.050
Indian Energy Exchange Limited	Equity	Capital Markets	22.1L	23.6	0.050
Trent	Equity	Retailing	90K	23.6	0.050
Rec Limited	Equity	Finance	7.25L	21.7	0.050
360 One Wam Limited	Equity	Capital Markets	2.03L	20.9	0.050
DLF	Equity	Realty	3.1L	20.9	0.050
Radico Khaitan Limited	Equity	Beverages	45.8K	20	0.040
Colgate Palmolive I Ltd	Equity	Personal Products	1.13L	19.9	0.040
PG Electroplast Limited	Equity	Consumer Durables	3.76L	18.6	0.040
ABB	Equity	Electrical Equipment	27.3K	18.5	0.040
FSN E Commerce Ventures Limited	Equity	Retailing	5.63L	18	0.040
Rail Vikas Nigam Limited	Equity	Construction	8.55L	17.2	0.040
ICICI Prudential Life Insurance Co Ltd	Equity	Insurance	3.84L	17	0.040
Shree Cement	Equity	Cement & Cement Products	7.53K	16.8	0.040
Angel One Limited	Equity	Capital Markets	6.05L	16.6	0.040
Birlasoft Limited	Equity	IT - Software	3.08L	15.4	0.030
Sona Blw Precision Forgings	Equity	Auto Components	1.74L	14.4	0.030
SBI Cards and Payment Services Limited	Equity	Finance	2.39L	13.8	0.030
Nestle India	Equity	Food Products	1.06L	13.8	0.030
Mankind Pharma Limited	Equity	Pharmaceuticals & Biotechnology	54.8K	13.7	0.030
CG Power and Industrial Solutions Limited	Equity	Electrical Equipment	1.6L	13.7	0.030
Grasim Industries	Equity	Cement & Cement Products	42K	12.9	0.030
Vishal Mega Mart Limited	Equity	Retailing	11.3L	11.4	0.020
Sagility India Limited	Equity	IT - Services	26L	11.1	0.020
Computer Age Management Services Limited	Equity	Capital Markets	1.58L	10.6	0.020
Pidilite Industries	Equity	Chemicals & Petrochemicals	71K	10.4	0.020
Force Motors Limited	Equity	Automobiles	5.43K	9.3	0.020
Cadila Healthcare	Equity	Pharmaceuticals & Biotechnology	67.5K	7.8	0.020
Prestige Estate Project	Equity	Realty	48.2K	7.1	0.020
Max Healthcare Institute Limited	Equity	Healthcare Services	58.8K	5.5	0.010
Tata Elxsi Limited	Equity	IT - Software	15.9K	4.9	0.010
Petronet LNG	Equity	Gas	1.69L	4.8	0.010
MOTILAL OSWAL FINANCIAL SERVICE LTD	Equity	Capital Markets	29.5K	2.9	0.010
Mazagon Dock Shipbuilders Limited	Equity	Industrial Manufacturing	12.8K	2.7	0.010
Britannia Industries	Equity	Food Products	4.75K	2.3	0.00
Bank of Maharashtra	Equity	Banks	2.41L	1.9	0.00
Minda Industries Limited	Equity	Auto Components	15.4K	1.8	0.00
Godfrey Philips Ltd	Equity	Cigarettes & Tobacco Products	6.6K	1.3	0.00

Fig. 4.Every holding in Sept 2026: its shares, market value (₹ crore) and % of NAV. Month end. Source: AMC monthly portfolio disclosures.