2 Largecap SBI Group Stocks to Watch for Future Multibagger Potential: SBI and SBI Funds Management
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
SBI Rs 962.60. SBI Funds Management Rs 507.65. Market caps from Rs 1.06 lakh crore to Rs 8.81 lakh crore. Data as of 16 Oct 2026.
Quick Answer
SBI and SBI Funds Management are the 2 picks in this SBI Group stocks watchlist, with market caps between Rs 1.06 lakh crore and Rs 8.81 lakh crore. SBI stands out for the biggest five-year price gain at 92.86%, while SBI Funds Management offers the highest return on equity at 51.44%. PE ratios run from 9.82 to 34.47, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
SBI Group stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI and SBI Funds Management meet that test, with market caps from Rs 1.06 lakh crore to Rs 8.81 lakh crore and SBI offering the biggest five-year price gain at 92.86%. The SBI Group combines India’s largest bank with the country’s largest mutual fund house by assets.
This list covers listed SBI Group companies with complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening SBI Group stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are SBI Group Stocks and Why Do They Attract Multibagger Interest?
SBI Group stocks are shares of two listed companies in the State Bank of India Group. One is India’s largest lender, and the other manages one of the country’s biggest mutual fund businesses.
Bank credit and mutual fund investing both grow as savings and incomes rise. Companies with huge customer bases, steady returns and regular dividends are the ones investors compare in SBI Group stocks.
SBI Group Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 16 October 2026. SBI has the lowest PE of the group at 9.82, while SBI Funds Management posts the highest return on equity at 51.44%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| State Bank of India | 962.60 | 8,80,754 | 9.82 | 12.05 | 14.29% | 1.50 | 877.05 to 1,234.70 |
| SBI Funds Management | 507.65 | 1,05,732 | 34.47 | 17.97 | 51.44% | 17.73 | 494.00 to 624.95 |
SBI: 23.72% Profit CAGR Since FY22
State Bank of India is the country’s largest lender, with a branch network that reaches every part of India. It reported FY26 total income of Rs 7,12,643.53 crore, up 7.43% year on year, and net profit of Rs 85,168.47 crore, up 7.78%. Net profit has compounded at 23.72% a year since FY22, while total income has grown 15.03% a year.
In the June 2026 quarter, total income rose 7.83% to Rs 1,80,061.86 crore and net profit grew 13.65% to Rs 24,579.04 crore. The share price has gained 92.86% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026. The stock trades at a PE of 9.82 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.82%.
SBI Funds Management: 29.75% Profit CAGR Since FY22
SBI Funds Management is the asset management arm of the State Bank of India group and runs one of the largest mutual fund businesses in the country. It reported FY26 revenue of Rs 4,976.11 crore, up 17.47% year on year, and net profit of Rs 3,067.38 crore, up 20.76%. Net profit has compounded at 29.75% a year since FY22, while revenue has grown 25.59% a year. Operating margin was 81.61% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 34.47 against an industry PE of 17.97, with a return on equity of 51.44%. In the June 2026 quarter, revenue rose 4.64% to Rs 1,389.89 crore and net profit grew 3.70% to Rs 880.26 crore. Domestic institutions raised their holding from 0.00% in March 2026 to 2.97% in July 2026.
SBI Group Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these SBI Group stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| SBI | 7,12,643.53 | 85,168.47 | 7.43% | 15.03% | 23.72% |
| SBI Funds Management | 4,976.11 | 3,067.38 | 17.47% | 25.59% | 29.75% |
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Institutional Holding in SBI and SBI Funds Management
Institutional holding shows who is backing these SBI and SBI Funds Management shares alongside the promoter. The table uses the latest reported quarter for each. SBI has the deepest institutional backing, with FII and DII together holding 37.45% as of June 2026. Domestic institutions increased their holding over the past year in SBI Funds Management (from 0.00% to 2.97%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| SBI | 55.47% | 10.81% | 26.64% | 7.08% | June 2026 |
| SBI Funds Management | 88.19% | 1.43% | 2.97% | 7.41% | July 2026 |
Risks to Weigh in SBI Group Stocks
Being careful with SBI Group stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Bank earnings depend on credit quality and interest rates.
- Fund earnings follow market sentiment.
- Valuation: SBI Funds Management trades at a PE of 34.47 against an industry PE of 17.97, so earnings need to keep growing to support the price.
- Concentration: Holding both names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between SBI Group Stocks
Picking from SBI Group stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (12.05 to 17.97) and ask whether the growth rate justifies any gap.
- Track net profit growth, the return on equity and the dividend payout in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among SBI Group stocks, SBI stands out for the biggest five-year price gain at 92.86% and SBI Funds Management for the highest return on equity at 51.44%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing SBI Group stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on SBI Group Stocks to Watch
Which are the best SBI Group stocks to watch for multibagger potential?
Ans. SBI and SBI Funds Management are the 2 names this list highlights, with market caps of Rs 8,80,754 crore and Rs 1,05,732 crore respectively. SBI is notable for the biggest five-year price gain at 92.86%. SBI Funds Management stands out for the highest return on equity at 51.44%. These are watchlist names for SBI Group stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is SBI Funds Management a good stock for long-term investors?
Ans. SBI Funds Management has a return on equity of 51.44%, a PE of 34.47 against an industry PE of 17.97 and a market cap of Rs 1,05,732 crore. Net profit has compounded at 29.75% a year since FY22, and FY26 revenue rose 17.47% while June 2026 quarter net profit grew 3.70%. Long-term returns in SBI Group stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can SBI become a multibagger from here?
Ans. SBI has already gained 92.86% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in SBI Group stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 23.72% a year since FY22, and FY26 revenue rose 7.43%. At a PE of 9.82 against an industry PE of 12.05, valuation should be checked against that growth before investing.
What is the market cap of SBI and SBI Funds Management?
Ans. As of 16 October 2026, SBI has a market cap of Rs 8,80,754 crore and SBI Funds Management has a market cap of Rs 1,05,732 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on stocks of the SBI Group.
What are the risks of investing in SBI Group stocks?
Ans. The main risks are changes in interest rates, credit quality and market swings that affect fund flows. Companies with huge customer bases and diversified income handle these better. SBI Funds Management trades at a PE of 34.47 against an industry PE of 17.97, so earnings growth needs to hold up.
Why is SBI Funds Management trading at a PE of 34.47?
Ans. SBI Funds Management’s PE of 34.47 compares with an industry PE of 17.97. The market is paying a premium for a return on equity of 51.44%, profit growth of 29.75% a year since FY22 and FY26 revenue growth of 17.47%, which also means the stock is more sensitive if growth slows. Investors in SBI Group stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in SBI and SBI Funds Management?
Ans. As of the latest reported quarter, FII and DII together hold 37.45% of SBI (10.81% and 26.64%) and 4.40% of SBI Funds Management (1.43% and 2.97%). Rising institutional holding is a useful signal in SBI Group stocks, though it should be read with earnings trends rather than on its own.
