4 Largecap SBI Mutual Fund Stocks to Watch for Future Multibagger Potential: TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
TCS Rs 2,460. Bajaj Auto Rs 10,485. Avenue Supermarts Rs 3,133.90. Tech Mahindra Rs 1,776.60. Market caps from Rs 1.58 lakh crore to Rs 8.17 lakh crore. Data as of 28 Oct 2026.
Quick Answer
TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra are the 4 picks in this SBI mutual fund stocks watchlist, with market caps between Rs 1.58 lakh crore and Rs 8.17 lakh crore. TCS stands out for the highest return on equity at 43.37%, while Bajaj Auto offers the biggest five-year price gain at 165.89%. PE ratios run from 15.76 to 67.03, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
SBI mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra meet that test, with market caps from Rs 1.58 lakh crore to Rs 8.17 lakh crore and TCS offering the highest return on equity at 43.37%. Each of these companies has SBI Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with SBI Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening SBI mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are SBI Mutual Fund Stocks and Why Do They Attract Multibagger Interest?
SBI mutual fund stocks are shares of large companies in which SBI Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover IT services, two wheelers, supermarkets and digital engineering.
When a leading fund house like SBI Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For SBI mutual fund stocks, both FY26 and the latest quarter showed growth. Investors researching SBI mutual fund stocks get a fuller picture by reading growth and valuation together. The table below lines up SBI mutual fund stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use SBI mutual fund stocks as a starting point for your own research.
SBI Mutual Fund Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 28 October 2026. TCS combines the lowest PE of the group, 15.76, with the highest return on equity, 43.37%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Tata Consultancy Services | 2,460 | 8,17,302 | 15.76 | 18.27 | 43.37% | 0.10 | 1,976.80 to 3,350.00 |
| Bajaj Auto | 10,485 | 2,90,518 | 25.15 | 23.82 | 27.67% | 0.58 | 8,605.00 to 12,470.00 |
| Avenue Supermarts | 3,133.90 | 2,08,820 | 67.03 | 64.73 | 11.94% | 0.16 | 3,133.90 to 4,644.00 |
| Tech Mahindra | 1,776.60 | 1,58,259 | 30.65 | 18.49 | 16.24% | 0.07 | 1,304.10 to 1,854.00 |
TCS: Return on Equity of 43.37%
TCS is India’s largest IT services company by market capitalisation and runs large AI and data practices for global clients. It reported FY26 revenue of Rs 2,71,423 crore, up 4.68% year on year, and net profit of Rs 49,454 crore, up 1.35%. Net profit has compounded at 6.49% a year since FY22, while revenue has grown 8.51% a year. Operating margin was 27.07% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the September 2026 quarter, revenue rose 11.79% to Rs 74,525 crore and net profit grew 14.86% to Rs 13,934 crore. Domestic institutions raised their holding from 12.01% in June 2025 to 13.47% in June 2026. The stock trades at a PE of 15.76 against an industry PE of 18.27, below the sector average, with a return on equity of 43.37%. The dividend yield is 4.87%.
Bajaj Auto: Revenue Up 24.05% in FY26
Bajaj Auto makes motorcycles, three-wheelers and electric two-wheelers, and has a large export business. It reported FY26 revenue of Rs 65,087.22 crore, up 24.05% year on year, and net profit of Rs 10,574.50 crore, up 44.37%. Net profit has compounded at 14.44% a year since FY22, while revenue has grown 17.26% a year. Operating margin was 25.06% in FY26.
The stock trades at a PE of 25.15 against an industry PE of 23.82, with a return on equity of 27.67%. In the June 2026 quarter, revenue rose 64.02% to Rs 22,376.69 crore and net profit grew 44.26% to Rs 3,188.75 crore. The share price has gained 165.89% over five years and 13.76% over the past year. Domestic institutions raised their holding from 12.09% in June 2025 to 13.54% in June 2026.
Avenue Supermarts: Profit Compounding at 18.77% a Year
Avenue Supermarts runs the DMart chain of stores that sell groceries and everyday products at low prices. It reported FY26 revenue of Rs 68,894.84 crore, up 15.82% year on year, and net profit of Rs 2,969.86 crore, up 9.69%. Net profit has compounded at 18.77% a year since FY22, while revenue has grown 22.01% a year. Operating margin was 7.07% in FY26. The debt-to-equity ratio is 0.16.
In the September 2026 quarter, revenue rose 17.74% to Rs 19,657.54 crore and net profit grew 8.49% to Rs 742.98 crore. Foreign investors raised their holding from 8.25% in June 2025 to 9.23% in June 2026. The stock trades at a PE of 67.03 against an industry PE of 64.73.
Tech Mahindra: Debt-to-Equity of 0.07
Tech Mahindra, part of the Mahindra Group, provides IT and business services to telecom and other global clients. It reported FY26 revenue of Rs 56,847.30 crore, up 5.58% year on year, and net profit of Rs 4,805.50 crore, up 12.99%. Revenue has compounded at 5.57% a year since FY22. Operating margin was 15.47% in FY26. The debt-to-equity ratio is 0.07, which keeps interest costs low.
The stock trades at a PE of 30.65 against an industry PE of 18.49, with a return on equity of 16.24%. The dividend yield is 3.16%. In the September 2026 quarter, revenue rose 15.23% to Rs 16,172.80 crore and net profit grew 33.95% to Rs 1,609.70 crore. The share price is up 16.96% over the past year. Domestic institutions raised their holding from 32.13% in June 2025 to 36.92% in June 2026.
SBI Mutual Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these SBI mutual fund stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| TCS | 2,71,423 | 49,454 | 4.68% | 8.51% | 11.79% | 27.53% |
| Bajaj Auto | 65,087.22 | 10,574.50 | 24.05% | 17.26% | 64.02% | 24.99% |
| Avenue Supermarts | 68,894.84 | 2,969.86 | 15.82% | 22.01% | 17.74% | 7.16% |
| Tech Mahindra | 56,847.30 | 4,805.50 | 5.58% | 5.57% | 15.23% | 17.74% |
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Institutional Holding in TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra
Institutional holding shows who is backing these SBI mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. Tech Mahindra has the deepest institutional backing, with FII and DII together holding 55.58% as of June 2026. Domestic institutions increased their holding over the past year in TCS (from 12.01% to 13.47%), Bajaj Auto (from 12.09% to 13.54%) and Tech Mahindra (from 32.13% to 36.92%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| TCS | 71.77% | 9.06% | 13.47% | 5.70% | June 2026 |
| Bajaj Auto | 55.01% | 9.01% | 13.54% | 22.44% | June 2026 |
| Avenue Supermarts | 74.48% | 9.23% | 8.74% | 7.55% | June 2026 |
| Tech Mahindra | 34.97% | 18.66% | 36.92% | 9.45% | June 2026 |
Risks to Weigh in SBI Mutual Fund Stocks
Being careful with SBI mutual fund stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Tech Mahindra trades at a PE of 30.65 against an industry PE of 18.49, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between SBI Mutual Fund Stocks
Picking from SBI mutual fund stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (18.27 to 64.73) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among SBI mutual fund stocks, TCS stands out for the highest return on equity at 43.37%, Bajaj Auto for the biggest five-year price gain at 165.89%, Avenue Supermarts for the fastest profit growth, 18.77% a year since FY22 and Tech Mahindra for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. 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 mutual fund 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 Mutual Fund Stocks to Watch
Which are the best SBI mutual fund stocks to watch for multibagger potential?
Ans. TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra are the 4 names this list highlights, with market caps of Rs 8,17,302 crore, Rs 2,90,518 crore, Rs 2,08,820 crore and Rs 1,58,259 crore respectively. TCS is notable for the highest return on equity at 43.37%. Bajaj Auto stands out for the biggest five-year price gain at 165.89%. Avenue Supermarts offers the fastest profit growth, 18.77% a year since FY22. Tech Mahindra brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. These are watchlist names for SBI mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is TCS a good stock for long-term investors?
Ans. TCS has a return on equity of 43.37%, a PE of 15.76 against an industry PE of 18.27 and a market cap of Rs 8,17,302 crore. Net profit has compounded at 6.49% a year since FY22, and FY26 revenue rose 4.68% while September 2026 quarter net profit grew 14.86%. Long-term returns in SBI mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Avenue Supermarts become a multibagger from here?
Ans. Avenue Supermarts has a market cap of Rs 2,08,820 crore. A multibagger outcome in SBI mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 18.77% a year since FY22, and FY26 revenue rose 15.82%. At a PE of 67.03 against an industry PE of 64.73, valuation should be checked against that growth before investing.
What is the market cap of TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra?
Ans. As of 28 October 2026, TCS has a market cap of Rs 8,17,302 crore, Bajaj Auto has a market cap of Rs 2,90,518 crore, Avenue Supermarts has a market cap of Rs 2,08,820 crore and Tech Mahindra has a market cap of Rs 1,58,259 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 SBI mutual fund stocks.
What are the risks of investing in SBI mutual fund stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Tech Mahindra trades at a PE of 30.65 against an industry PE of 18.49, so earnings growth needs to hold up.
Why is Tech Mahindra trading at a PE of 30.65?
Ans. Tech Mahindra’s PE of 30.65 compares with an industry PE of 18.49. The market is paying a premium for a return on equity of 16.24% and latest-quarter profit growth of 33.95%, which also means the stock is more sensitive if growth slows. Investors in SBI mutual fund 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 TCS, Bajaj Auto, Avenue Supermarts and Tech Mahindra?
Ans. As of the latest reported quarter, FII and DII together hold 22.53% of TCS (9.06% and 13.47%), 22.55% of Bajaj Auto (9.01% and 13.54%), 17.97% of Avenue Supermarts (9.23% and 8.74%) and 55.58% of Tech Mahindra (18.66% and 36.92%). Rising institutional holding is a useful signal in SBI mutual fund stocks, though it should be read with earnings trends rather than on its own.
