SBI ELSS Tax Saver Fund
SBI Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹457.3342 | +0.08% | — | — | — | — | — |
| Regular Growth | ₹420.9895 | +0.02% | -5.44% | -6.01% | -0.99% | +19.36% | +17.74% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
74
Top 5 Weight
27.28%
Top 10 Weight
43.43%
Active Share
—
Large Cap
57.20%
Gini
0.497
What Changed2026-03-31 → 2026-04-30
Holdings: 78 → 76+3 added−5 removed23 weight shifts ≥ 0.1%
| 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
Banks26.8%
Finance6.4%
IT - Software5.8%
Pharmaceuticals & Biotechnology5.4%
Petroleum Products5.2%
Ferrous Metals4.2%
Retailing3.7%
Industrial Products3.7%
Power3.1%
Insurance3.1%
Top 10 sectors by % to NAV. Excludes derivatives.