SBI Arbitrage Opportunities Fund

SBI Mutual FundHybridPortfolio as of 31 July 2026

SBI Arbitrage Opportunities Fund holds 201 instruments (73.64% equity), led by HDFC Bank Limited (4.54%), Reliance Industries Limited (3.63%) and State Bank of India (3.3%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

201

Equity Allocation

73.64%

AMC

SBI Mutual Fund

Portfolio Analysis

SBI Arbitrage Opportunities Fund's top 10 holdings account for 24.01% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 28.66% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 12 new positions and exited 15 positions, with ICICI Bank Limited seeing the largest move (-1.49pp to 2.74%).

Top 10 Equity Holdings

HDFC Bank Limited · 4.54%Reliance Industries Limited · 3.63%State Bank of India · 3.3%ICICI Bank Limited · 2.74%Axis Bank Limited · 1.8%Bajaj Finance Limited · 1.79%Bharti Airtel Limited · 1.78%JSW Steel Limited · 1.57%Adani Enterprises Limited · 1.51%Bharat Electronics Limited · 1.35%

What Changed: June 2026 → July 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.

12 new entries15 exits10 increased10 reduced

New Entries

Infosys Limited · 0.33%Bajaj Auto Limited · 0.23%Oracle Financial Services Software Limited · 0.09%Coforge Limited · 0.08%KPIT Technologies Limited · 0.04%Tata Elxsi Limited · 0.03%HCL Technologies Limited · 0.02%ABB India Limited · 0.02%FORCE MOTORS LTD · 0.01%Kaynes Technology India Limited · 0.01%Cochin Shipyard Limited · 0%SBI Cards and Payment Services Limited · 0%

Complete Exits

Lodha Developers Limited · was 0.27%Swiggy Limited · was 0.22%Dixon Technologies (India) Limited · was 0.16%Torrent Pharmaceuticals Limited · was 0.14%Exide Industries Limited · was 0.12%Avenue Supermarts Limited · was 0.04%Hyundai Motor India Limited · was 0.03%SHREE CEMENT LIMITED · was 0.03%L&T Finance Limited · was 0.03%Kfin Technologies Limited · was 0.03%Nippon Life India Asset Management Limited · was 0.02%Mazagon Dock Shipbuilders Limited · was 0.01%NHPC Limited · was 0%PI Industries Limited · was 0%Godfrey Phillips India Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
Bajaj Finance Limited	0.85% → 1.79%	▲ +0.94
Axis Bank Limited	1.4% → 1.8%	▲ +0.4
Kotak Mahindra Bank Limited	0.8% → 1.11%	▲ +0.31
Hindustan Unilever Limited	0.3% → 0.6%	▲ +0.3
Bharti Airtel Limited	1.5% → 1.78%	▲ +0.28
Reliance Industries Limited	3.35% → 3.63%	▲ +0.28
Bharat Heavy Electricals Limited	0.64% → 0.89%	▲ +0.25
Divi's Laboratories Limited	0.57% → 0.8%	▲ +0.23
Adani Power Limited	0.47% → 0.7%	▲ +0.23
Union Bank of India	0.18% → 0.39%	▲ +0.21

Biggest Weight Reductions

Stock	Weight	Change
ICICI Bank Limited	4.23% → 2.74%	▼ -1.49
HDFC Bank Limited	5.53% → 4.54%	▼ -0.99
ETERNAL LIMITED	0.77% → 0.16%	▼ -0.61
Shriram Finance Limited	1.33% → 0.91%	▼ -0.42
Grasim Industries Limited	0.59% → 0.27%	▼ -0.32
NMDC Limited	0.68% → 0.37%	▼ -0.31
Bandhan Bank Limited	0.52% → 0.32%	▼ -0.2
Bharat Electronics Limited	1.53% → 1.35%	▼ -0.18
Sun Pharmaceutical Industries Limited	0.29% → 0.13%	▼ -0.16
Maruti Suzuki India Limited	0.86% → 0.7%	▼ -0.16

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

HDFC Bank Limited

4.54%

Reliance Industries Limited

3.63%

State Bank of India

3.3%

ICICI Bank Limited

2.74%

Axis Bank Limited

1.8%

Full Portfolio (201 holdings)

#	Holding	Sector	% to NAV
1	SBI SAVINGS FUND - DIRECT PLAN - GROWTHmf	—	12.56%
2	HDFC Bank Limited	Financial Services	4.54%
3	Reliance Industries Limited	Energy	3.63%
4	State Bank of India	Financial Services	3.3%
5	SBI LOW DURATION FUND - DIRECT PLAN - GROWTHmf	—	2.76%
6	ICICI Bank Limited	Financial Services	2.74%
7	SBI Liquid Fund - DIRECT PLAN -Growthmf	—	2.74%
8	Axis Bank Limited	Financial Services	1.8%
9	Bajaj Finance Limited	Financial Services	1.79%
10	Bharti Airtel Limited	Telecommunication	1.78%
11	Bank of Barodabond	—	1.61%
12	Canara Bankbond	—	1.61%
13	JSW Steel Limited	Materials	1.57%
14	Adani Enterprises Limited	Materials	1.51%
15	TREPStreps	—	1.44%
16	Bharat Electronics Limited	Industrials	1.35%
17	Vodafone Idea Limited	Telecommunication	1.11%
18	Kotak Mahindra Bank Limited	Financial Services	1.11%
19	Bank of Barodabond	—	1.03%
20	TVS Motor Company Limited	Consumer Discretionary	1.02%
21	Adani Energy Solutions Limited	Utilities	1%
22	ITC Limited	Consumer Staples	1%
23	Adani Green Energy Limited	Utilities	0.97%
24	Jio Financial Services Limited	Financial Services	0.93%
25	Canara Bank	Financial Services	0.92%
26	Power Finance Corporation Limited	Financial Services	0.92%
27	Shriram Finance Limited	Financial Services	0.91%
28	Small Industries Development Bank of Indiabond	—	0.91%
29	Bharat Heavy Electricals Limited	Industrials	0.89%
30	Larsen & Toubro Limited	Industrials	0.87%
31	REC Limited	Financial Services	0.85%
32	Punjab National Bank	Financial Services	0.81%
33	Divi's Laboratories Limited	Healthcare	0.8%
34	Mahindra & Mahindra Limited	Consumer Discretionary	0.79%
35	Hindustan Aeronautics Limited	Industrials	0.79%
36	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0.72%
37	Cholamandalam Investment and Finance Company Limited	Financial Services	0.71%
38	Adani Power Limited	Utilities	0.7%
39	Coal India Limited	Energy	0.7%
40	Maruti Suzuki India Limited	Consumer Discretionary	0.7%
41	Hindalco Industries Limited	Materials	0.67%
42	Indus Towers Limited	Telecommunication	0.65%
43	Tata Power Company Limited	Utilities	0.64%
44	The Indian Hotels Company Limited	Consumer Discretionary	0.63%
45	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.62%
46	NTPC Limited	Utilities	0.61%
47	Laurus Labs Limited	Healthcare	0.61%
48	Hindustan Unilever Limited	Consumer Staples	0.6%
49	Glenmark Pharmaceuticals Limited	Healthcare	0.56%
50	Info Edge (India) Limited	Consumer Discretionary	0.54%
51	IDFC First Bank Limited	Financial Services	0.54%
52	GMR AIRPORTS LIMITED	Services	0.53%
53	Manappuram Finance Limited	Financial Services	0.53%
54	Varun Beverages Limited	Consumer Staples	0.52%
55	UltraTech Cement Limited	Materials	0.51%
56	HDFC Bank Limited^bond	—	0.51%
57	Small Industries Development Bank of Indiabond	—	0.51%
58	Ambuja Cements Limited	Materials	0.5%
59	Bank of Baroda	Financial Services	0.49%
60	Steel Authority of India Limited	Materials	0.48%
61	Eicher Motors Limited	Consumer Discretionary	0.48%
62	Indian Oil Corporation Limited	Energy	0.47%
63	Tata Steel Limited	Materials	0.47%
64	Kalyan Jewellers India Limited	Consumer Discretionary	0.47%
65	One 97 Communications Limited	Financial Services	0.46%
66	Punjab National Bank 2027bond	—	0.46%
67	DLF Limited	Real Estate	0.42%
68	Crompton Greaves Consumer Electricals Limited	Consumer Discretionary	0.41%
69	Union Bank of Indiabond	—	0.41%
70	Biocon Limited	Healthcare	0.39%
71	HDFC Life Insurance Company Limited	Financial Services	0.39%
72	Union Bank of India	Financial Services	0.39%
73	Apollo Hospitals Enterprise Limited	Healthcare	0.38%
74	NMDC Limited	Materials	0.37%
75	Adani Ports and Special Economic Zone Limited	Services	0.37%
76	Titan Company Limited	Consumer Discretionary	0.37%
77	HDFC Asset Management Company Limited	Financial Services	0.36%
78	Aditya Birla Capital Limited	Financial Services	0.35%
79	Max Financial Services Limited	Financial Services	0.35%
80	Solar Industries India Limited	Materials	0.34%
81	Infosys Limited	Information Technology	0.33%
82	The Federal Bank Limited	Financial Services	0.32%
83	Aurobindo Pharma Limited	Healthcare	0.32%
84	Bandhan Bank Limited	Financial Services	0.32%
85	BSE Limited	Financial Services	0.32%
86	Equitas Small Finance Bank Ltdbond	—	0.32%
87	Power Grid Corporation of India Limited	Utilities	0.31%
88	Godrej Consumer Products Limited	Consumer Staples	0.3%
89	InterGlobe Aviation Limited	Services	0.3%
90	Bank of India	Financial Services	0.29%
91	Dabur India Limited	Consumer Staples	0.27%
92	Ashok Leyland Limited	Industrials	0.27%
93	Grasim Industries Limited	Materials	0.27%
94	Oil & Natural Gas Corporation Limited	Energy	0.26%
95	RBL Bank Limited	Financial Services	0.25%
96	Hindustan Zinc Limited	Materials	0.24%
97	Hero MotoCorp Limited	Consumer Discretionary	0.24%
98	AU Small Finance Bank Limited	Financial Services	0.24%
99	Hitachi Energy India Limited	Industrials	0.24%
100	ICICI Prudential Life Insurance Company Limited	Financial Services	0.23%
101	Bajaj Auto Limited	Consumer Discretionary	0.23%
102	NBCC (India) Limited	Industrials	0.23%
103	Punjab National Bank^bond	—	0.21%
104	CD - ICICI BANK LTDbond	—	0.2%
105	Indian Bank	Financial Services	0.18%
106	National Aluminium Company Limited	Materials	0.18%
107	Multi Commodity Exchange of India Limited	Financial Services	0.18%
108	Delhivery Limited	Services	0.18%
109	Samvardhana Motherson International Limited	Consumer Discretionary	0.18%
110	PB Fintech Limited	Financial Services	0.18%
111	Nestle India Limited	Consumer Staples	0.17%
112	UPL Limited	Materials	0.17%
113	JINDAL STEEL LIMITED	Materials	0.17%
114	Asian Paints Limited	Consumer Discretionary	0.16%
115	Bosch Limited	Consumer Discretionary	0.16%
116	Cummins India Limited	Industrials	0.16%
117	ETERNAL LIMITED	Consumer Discretionary	0.16%
118	SBI Life Insurance Company Limited	Financial Services	0.15%
119	Container Corporation of India Limited	Services	0.15%
120	Bajaj Finserv Limited	Financial Services	0.15%
121	Godrej Properties Limited	Real Estate	0.14%
122	Cipla Limited	Healthcare	0.14%
123	Fortis Healthcare Limited	Healthcare	0.14%
124	CG Power and Industrial Solutions Limited	Industrials	0.13%
125	Havells India Limited	Consumer Discretionary	0.13%
126	Sun Pharmaceutical Industries Limited	Healthcare	0.13%
127	Inox Wind Limited	Industrials	0.13%
128	Hindustan Petroleum Corporation Limited	Energy	0.12%
129	Amber Enterprises India Limited	Consumer Discretionary	0.12%
130	IndusInd Bank Limited	Financial Services	0.12%
131	Tata Consultancy Services Limited	Information Technology	0.12%
132	LIC Housing Finance Limited	Financial Services	0.11%
133	UNO Minda Limited	Consumer Discretionary	0.11%
134	Marico Limited	Consumer Staples	0.11%
135	Pidilite Industries Limited	Materials	0.1%
136	Bharat Petroleum Corporation Limited	Energy	0.1%
137	GAIL (India) Limited	Utilities	0.1%
138	The Phoenix Mills Limited	Real Estate	0.1%
139	Oracle Financial Services Software Limited	Information Technology	0.09%
140	Mankind Pharma Limited	Healthcare	0.08%
141	Coforge Limited	Information Technology	0.08%
142	Polycab India Limited	Industrials	0.08%
143	Suzlon Energy Limited	Industrials	0.08%
144	Zydus Lifesciences Limited	Healthcare	0.08%
145	FSN E-Commerce Ventures Limited	Consumer Discretionary	0.07%
146	JSW Energy Limited	Utilities	0.07%
147	LTM Limited	Information Technology	0.07%
148	Britannia Industries Limited	Consumer Staples	0.07%
149	Voltas Limited	Consumer Discretionary	0.07%
150	PNB Housing Finance Limited	Financial Services	0.07%
151	Indian Energy Exchange Limited	Financial Services	0.07%
152	Supreme Industries Limited	Industrials	0.07%
153	Bajaj Holdings & Investment Limited	Financial Services	0.07%
154	Muthoot Finance Limited	Financial Services	0.07%
155	Patanjali Foods Limited	Consumer Staples	0.06%
156	Rail Vikas Nigam Limited	Industrials	0.06%
157	GE Vernova T&D India Limited	Industrials	0.06%
158	Alkem Laboratories Limited	Healthcare	0.06%
159	ICICI Lombard General Insurance Company Limited	Financial Services	0.06%
160	APL Apollo Tubes Limited	Industrials	0.05%
161	Dalmia Bharat Limited	Materials	0.05%
162	United Spirits Limited	Consumer Staples	0.05%
163	National Bank for Agriculture and Rural Developmentbond	—	0.05%
164	National Bank for Agriculture and Rural Developmentbond	—	0.05%
165	364 DAY T-BILLtbill	—	0.05%
166	Vedanta Limited	Materials	0.04%
167	Lupin Limited	Healthcare	0.04%
168	Max Healthcare Institute Limited	Healthcare	0.04%
169	Oberoi Realty Limited	Real Estate	0.04%
170	KPIT Technologies Limited	Information Technology	0.04%
171	Premier Energies Limited	Industrials	0.04%
172	Bharat Forge Limited	Consumer Discretionary	0.03%
173	Petronet LNG Limited	Utilities	0.03%
174	Prestige Estates Projects Limited	Real Estate	0.03%
175	Tata Elxsi Limited	Information Technology	0.03%
176	Sona BLW Precision Forgings Limited	Consumer Discretionary	0.03%
177	Colgate Palmolive (India) Limited	Consumer Staples	0.03%
178	Central Depository Services (India) Limited	Financial Services	0.03%
179	MphasiS Limited	Information Technology	0.03%
180	PG Electroplast Limited	Consumer Discretionary	0.02%
181	Vishal Mega Mart Limited	Consumer Discretionary	0.02%
182	ABB India Limited	Industrials	0.02%
183	360 ONE WAM LIMITED	Financial Services	0.02%
184	HCL Technologies Limited	Information Technology	0.02%
185	Persistent Systems Limited	Information Technology	0.02%
186	Computer Age Management Services Limited	Financial Services	0.02%
187	Tube Investments of India Limited	Consumer Discretionary	0.01%
188	SRF Limited	Materials	0.01%
189	FORCE MOTORS LTD	Consumer Discretionary	0.01%
190	Indian Railway Finance Corporation Limited	Financial Services	0.01%
191	Radico Khaitan Limited	Consumer Staples	0.01%
192	Kaynes Technology India Limited	Industrials	0.01%
193	Motilal Oswal Financial Services Limited	Financial Services	0.01%
194	TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond	—	0.01%
195	Cochin Shipyard Limited	Industrials	0%
196	Angel One Limited	Financial Services	0%
197	Oil India Limited	Energy	0%
198	Trent Limited	Consumer Discretionary	0%
199	SBI Cards and Payment Services Limited	Financial Services	0%
200	Margin amount for Derivative positionsother	—	0%
201	Net Receivable / Payableother	—	-1.08%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 4.54% of SBI Arbitrage Opportunities Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 3.63% of SBI Arbitrage Opportunities Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, State Bank of India is 3.3% of SBI Arbitrage Opportunities Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 2.74% of SBI Arbitrage Opportunities Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 1.8% of SBI Arbitrage Opportunities 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 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.