SBI Equity Savings Fund
SBI Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI
The fund is heavily tilted toward large-cap financials, with banks commanding over 22% and the top three holdings alone representing 15% of the portfolio. The manager trimmed volatility by exiting cyclical names like Vedanta and TCS while adding Federal Bank, signaling a shift toward defensive, dividend-yielding banking plays. The uptick in receivables and scaling back of liquid instruments suggests conviction in equity positioning despite market headwinds, maintaining the fund's hybrid character for conservative growth seekers.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹26.8970 | — | — | — | — | — | — |
| Regular Growth | ₹24.2796 | -0.20% | -0.58% | -0.66% | +3.38% | +10.06% | +8.84% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
122
Top 5 Weight
22.51%
Top 10 Weight
34.88%
Active Share
—
Large Cap
52.99%
Gini
0.600
What Changed2026-03-31 → 2026-04-30
Holdings: 130 → 124+1 added−7 removed24 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| The Federal Bank Ltd. | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 5.29% |
| 2 | HDFC Bank Ltd. INE040A01034 | 5.14% |
| 3 | Reliance Industries Ltd. INE002A01018 | 5.04% |
| 4 | Kotak Mahindra Bank Ltd. INE237A01036 | 3.66% |
| 5 | State Bank of India INE062A01020 | 3.38% |
| 6 | SBI Liquid Fund - Direct Plan - Growth Option INF200K01UT4 | 2.70% |
| 7 | Larsen & Toubro Ltd. INE018A01030 | 2.58% |
| 8 | Axis Bank Ltd. INE238A01034 | 2.51% |
| 9 | TREPS | 2.40% |
| 10 | Bharti Airtel Ltd. INE397D01024 | 2.38% |
| 11 | 7.10% CGL 2034 IN0020240019 | 2.20% |
| 12 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 2.03% |
| 13 | Bajaj Finserv Ltd. INE918I01026 | 2.00% |
| 14 | Bank of Baroda INE028A01039 | 1.79% |
| 15 | SBI Savings Fund - Direct Plan - Growth Option INF200K01SZ5 | 1.78% |
| 16 | Infopark Properties Ltd. INE0KZX07023 | 1.76% |
| 17 | National Bank for Agriculture and Rural Development INE261F08EO7 | 1.75% |
| 18 | Mahindra & Mahindra Ltd. INE101A01026 | 1.66% |
| 19 | National Aluminium Company Ltd. INE139A01034 | 1.56% |
| 20 | Embassy Office Parks Reit INE041025011 | 1.42% |
Sector Allocation
Banks22.5%
Sovereign5.4%
Finance5.4%
Petroleum Products5.1%
Mutual Fund/ETF4.5%
CARE AA-4.4%
CRISIL AAA3.9%
Realty3.6%
CRISIL AA3.5%
Telecom - Services2.9%
Top 10 sectors by % to NAV. Excludes derivatives.