SBI Mutual Funds July Portfolio Update: Swiggy, HDFC Bank, Eternal Among Key Stock Moves
The July portfolio update of SBI Mutual Funds has revealed some significant movements in its holdings, signaling changing strategies in line with evolving market conditions. With India’s stock market showing strong momentum in 2025, the portfolio changes highlight how the country’s largest mutual fund house is positioning itself for growth, especially with a keen focus on technology, financial services, and consumer-facing businesses.
SBI Mutual Funds’ Strategic Approach in July 2025
SBI Mutual Funds manages some of the largest equity and debt portfolios in the Indian market, catering to both retail and institutional investors. The July reshuffle shows a balance between growth-oriented companies and defensive stocks, reflecting a cautious yet opportunistic investment style.
The biggest takeaway is the fund’s participation in Swiggy’s pre-IPO growth, along with adjustments in major banking and infrastructure stocks. These moves suggest confidence in India’s digital economy and the resilience of core financial services.
Swiggy Joins the Portfolio Spotlight
One of the most notable inclusions in the July update is Swiggy, the food delivery giant, preparing for its much-anticipated IPO. SBI Mutual Funds’ entry into Swiggy highlights its interest in new-age tech platforms, which are gaining investor trust despite earlier volatility in Indian startups.
Swiggy’s growing customer base, expansion into quick commerce through Instamart, and improving revenue metrics make it an attractive bet. The company has reduced cash burn compared to previous years, making it more appealing to institutional investors. For SBI Mutual Funds, this move aligns with the rising global appetite for AI-driven platforms and tech-enabled consumer businesses.
HDFC Bank: Banking Strength in a Volatile Market
Another strong move in the portfolio is the fund’s continued exposure to HDFC Bank, India’s largest private sector lender. HDFC Bank has been a consistent performer with steady loan growth, robust asset quality, and rising digital adoption.
The bank’s merger with HDFC Ltd., completed last year, has created a financial powerhouse that dominates retail lending, housing finance, and digital payments. For SBI Mutual Funds, increasing or maintaining weight in HDFC Bank is a sign of confidence in the long-term strength of India’s financial sector.
As India’s credit demand grows, particularly in the housing and SME sectors, HDFC Bank remains a cornerstone holding. This aligns with a broader strategy of balancing exposure to high-growth startups like Swiggy with reliable blue-chip banking stocks.
Eternal and Other Key Infrastructure Bets
Alongside financials and technology, Eternal has emerged as a stock of interest. Eternal is involved in engineering and infrastructure projects, sectors that are witnessing renewed demand as India ramps up spending on roads, railways, and energy transition.
The government’s continued emphasis on infrastructure growth has made companies like Eternal attractive long-term plays. For SBI Mutual Funds, this provides portfolio diversification beyond tech and finance, ensuring exposure to India’s physical growth story.
Shifts in Other Notable Sectors
While Swiggy, HDFC Bank, and Eternal dominate the headlines, there have been other subtle yet significant portfolio changes:
- IT and AI stocks: Increased exposure to technology firms working with AI-driven solutions, signaling that SBI Mutual Funds is betting on India’s participation in the global AI revolution.
- Pharmaceuticals: Some reallocation toward healthcare stocks, reflecting defensive positioning amid global uncertainties.
- Consumer stocks: Select additions in fast-moving consumer goods (FMCG), balancing out cyclical bets with steady earners.
This diversified allocation reflects strong stock research by SBI Mutual Funds, blending innovation-driven growth with stability from traditional sectors.
Why Swiggy’s Entry Matters for SBI Mutual Funds
Swiggy’s inclusion goes beyond financials. It highlights a strategic shift toward digitally scalable businesses that can deliver exponential growth in the coming years.
With the Indian food delivery market expanding rapidly, coupled with rising disposable incomes and urban lifestyle changes, Swiggy is positioned as a market leader. Institutional backing from SBI Mutual Funds gives confidence to retail investors who follow large fund houses’ movements closely.
This also shows that SBI Mutual Funds is willing to embrace new-age businesses, a shift from its earlier reliance primarily on banking, IT, and infrastructure.
Balancing Growth and Stability
The July update makes it clear that SBI Mutual Funds is striking a fine balance. On one hand, it is investing in high-growth startups like Swiggy. On the other hand, it continues to hold strong blue-chip stocks like HDFC Bank and infrastructure names like Eternal.
This strategy ensures risk-adjusted returns while aligning with broader market themes such as:
- Digital transformation
- AI-driven growth in tech companies
- Banking sector consolidation
- Government-led infrastructure push
The result is a portfolio that is both resilient and growth-oriented, appealing to a wide range of investors.
Investor Takeaways from the July Update
For retail and institutional investors alike, the July reshuffle provides several key lessons:
- Follow the leaders: SBI Mutual Funds’ entry into Swiggy ahead of its IPO could be a cue for retail investors to consider similar opportunities in pre-IPO or newly listed companies.
- Banking remains core: Exposure to HDFC Bank highlights the continuing importance of strong financial institutions in long-term wealth building.
- Diversification matters: The presence of Eternal and other infrastructure bets shows the importance of spreading investments across multiple growth engines.
- AI stocks rising: The increasing weight in AI and tech-focused companies confirms the growing importance of staying ahead in global technological shifts.
Future Outlook for SBI Mutual Funds’ Portfolio
Looking ahead, we expect SBI Mutual Funds to continue its dual strategy of backing innovative new-age companies while maintaining its position in established sector leaders. With India’s GDP growth forecast to remain robust, both consumer-driven startups and banking institutions stand to benefit.
The potential listing of Swiggy could unlock significant value in the portfolio, while long-term bets like Eternal will likely benefit from sustained infrastructure spending. In parallel, exposure to AI stocks may add a global growth flavor to the fund’s Indian-heavy allocation.
Overall, SBI Mutual Funds appears well-positioned to deliver sustainable growth for investors while effectively managing market risks.
FAQs
SBI Mutual Funds invested in Swiggy to gain exposure to India’s fast-growing food delivery and quick commerce market ahead of its IPO, highlighting confidence in digital-first businesses.
HDFC Bank remains a core holding due to its strong fundamentals, merger synergies with HDFC Ltd., and its position as India’s leading private sector bank.
Yes, SBI Mutual Funds has increased exposure to AI-focused technology companies, reflecting the growing importance of artificial intelligence in global and Indian markets.
Disclaimer:
This content is made for learning only. It is not meant to give financial advice. Always check the facts yourself. Financial decisions need detailed research.