SBI Equity Savings Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹26.9456 | — | — | — | — |
| Regular Growth | ₹24.3231 | -0.38% | +2.85% | +10.06% | +8.88% |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Equity Savings Fund hold?
SBI Equity Savings Fund holds 122 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.51% of NAV.
What is the largest holding in SBI Equity Savings Fund?
The largest position in SBI Equity Savings Fund is ICICI Bank Ltd., accounting for 5.29% of NAV in the Banks sector.
Is SBI Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.600, SBI Equity Savings Fund is moderately concentrated. The HHI concentration index is 20,200 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.51% of the portfolio.
What is the market cap allocation of SBI Equity Savings Fund?
Based on SEBI's AMFI classification, SBI Equity Savings Fund's equity portfolio is split as: Large Cap: 52.99%, Mid Cap: 7.79%, Small Cap: 2.57%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Equity Savings Fund invest in most?
SBI Equity Savings Fund has the highest allocation to Banks (22.52%), Sovereign (5.40%), Finance (5.38%). The fund is invested across 46 sectors in total.
How actively managed is SBI Equity Savings Fund compared to other Equity Savings funds?
SBI Equity Savings Fund has an Active Share of 55.02%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in SBI Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Equity Savings Fund added 1 new stock (including The Federal Bank Ltd.) and exited 7 stocks (including Vedanta Ltd.). Total holding count decreased from 130 to 124 stocks.