SBI ELSS Tax Saver Fund
The portfolio remains heavily tilted toward financials, with banks alone representing over a quarter of holdings, reflecting conviction in India's banking cycle. The manager is recalibrating quality exposure by pruning defensive and niche positions while adding selective picks in specialty chemicals and renewable energy, signaling a shift toward cyclical growth over defensive stability. The modest monthly gain masks underlying portfolio churn as the manager fine-tunes sector positioning within the large-cap dominated Nifty 500 benchmark framework.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹461.9555 | -0.76% | — | — | — |
| Regular Growth | ₹425.2360 | -0.81% | -1.45% | +19.56% | +17.97% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Navin Fluorine International Ltd. | 0.15% |
| Britannia Industries Ltd. | 0.12% |
| Solar Industries India Ltd. | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 8.95% |
| 2 | Reliance Industries Ltd. INE002A01018 | 5.19% |
| 3 | Kotak Mahindra Bank Ltd. INE237A01036 | 4.90% |
| 4 | Tata Steel Ltd. INE081A01020 | 4.17% |
| 5 | Axis Bank Ltd. INE238A01034 | 4.07% |
| 6 | TREPS | 4.00% |
| 7 | HDFC Bank Ltd. INE040A01034 | 3.99% |
| 8 | State Bank of India INE062A01020 | 3.83% |
| 9 | Torrent Power Ltd. INE813H01021 | 3.13% |
| 10 | Larsen & Toubro Ltd. INE018A01030 | 2.93% |
| 11 | Tata Consultancy Services Ltd. INE467B01029 | 2.27% |
| 12 | Cipla Ltd. INE059A01026 | 2.00% |
| 13 | Lupin Ltd. INE326A01037 | 1.99% |
| 14 | AIA Engineering Ltd. INE212H01026 | 1.89% |
| 15 | FSN E-Commerce Ventures Ltd. INE388Y01029 | 1.87% |
| 16 | Bharti Airtel Ltd. INE397D01024 | 1.86% |
| 17 | Tech Mahindra Ltd. INE669C01036 | 1.79% |
| 18 | Hindalco Industries Ltd. INE038A01020 | 1.65% |
| 19 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.64% |
| 20 | HDFC Life Insurance Company Ltd. INE795G01014 | 1.54% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI ELSS Tax Saver Fund hold?
SBI ELSS Tax Saver Fund holds 74 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.28% of NAV.
What is the largest holding in SBI ELSS Tax Saver Fund?
The largest position in SBI ELSS Tax Saver Fund is ICICI Bank Ltd., accounting for 8.95% of NAV in the Banks sector.
Is SBI ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.497, SBI ELSS Tax Saver Fund is moderately concentrated. The HHI concentration index is 28,003 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.28% of the portfolio.
What is the market cap allocation of SBI ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, SBI ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 57.20%, Mid Cap: 19.21%, Small Cap: 14.74%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI ELSS Tax Saver Fund invest in most?
SBI ELSS Tax Saver Fund has the highest allocation to Banks (26.82%), Finance (6.41%), IT - Software (5.85%). The fund is invested across 31 sectors in total.
How actively managed is SBI ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
SBI ELSS Tax Saver Fund has an Active Share of 60.42%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in SBI ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI ELSS Tax Saver Fund added 3 new stocks (including Navin Fluorine International Ltd.) and exited 5 stocks (including ITC Ltd.). Total holding count decreased from 78 to 76 stocks.