SBI COMMA Fund
SBI Comma Fund is heavily tilted toward cyclical infrastructure and commodity plays, with nearly half its portfolio concentrated in just ten holdings. The manager is doubling down on metals and energy conviction, trimming Vedanta's holding while adding niche steel and power plays, signaling selective repositioning within the commodity complex rather than a sector shift. The fund's 3.9% monthly gain reflects broad commodity strength, though concentrated positioning amplifies both upside and downside risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹128.8533 | +3.60% | — | — | — |
| Regular Growth | ₹118.4713 | +3.56% | +16.06% | +21.74% | +13.67% |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Gokaldas Exports Ltd. | 1.95% |
| Vedanta Aluminium Metal Ltd. | 0.36% |
| Vedanta Iron and Steel Ltd. | 0.36% |
| Talwandi Sabo Power Ltd. | 0.36% |
| Malco Energy Ltd. | 0.36% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Tata Steel Ltd. INE081A01020 | 8.36% |
| 2 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 6.28% |
| 3 | CESC Ltd. INE486A01021 | 5.50% |
| 4 | Reliance Industries Ltd. INE002A01018 | 4.80% |
| 5 | TREPS | 4.64% |
| 6 | Steel Authority of India Ltd. INE114A01011 | 4.01% |
| 7 | Ultratech Cement Ltd. INE481G01011 | 3.64% |
| 8 | Oil India Ltd. INE274J01014 | 3.56% |
| 9 | JSW Steel Ltd. INE019A01038 | 3.51% |
| 10 | NMDC Ltd. INE584A01023 | 3.45% |
| 11 | Hindalco Industries Ltd. INE038A01020 | 2.98% |
| 12 | Coal India Ltd. INE522F01014 | 2.89% |
| 13 | Arvind Ltd. INE034A01011 | 2.80% |
| 14 | Clean Science & Technology Ltd. INE227W01023 | 2.79% |
| 15 | Power Grid Corporation of India Ltd. INE752E01010 | 2.74% |
| 16 | GAIL (India) Ltd. INE129A01019 | 2.72% |
| 17 | JSW Cement Ltd. INE718I01012 | 2.52% |
| 18 | Neogen Chemicals Ltd. INE136S01016 | 2.30% |
| 19 | Jindal Stainless Ltd. INE220G01021 | 2.25% |
| 20 | Balrampur Chini Mills Ltd. INE119A01028 | 2.17% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI COMMA Fund hold?
SBI COMMA Fund holds 40 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.95% of NAV.
What is the largest holding in SBI COMMA Fund?
The largest position in SBI COMMA Fund is Tata Steel Ltd., accounting for 8.36% of NAV in the Ferrous Metals sector.
Is SBI COMMA Fund a concentrated or diversified fund?
With a Gini coefficient of 0.361, SBI COMMA Fund is well-diversified. The HHI concentration index is 34,215 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.95% of the portfolio.
What is the market cap allocation of SBI COMMA Fund?
Based on SEBI's AMFI classification, SBI COMMA Fund's equity portfolio is split as: Large Cap: 42.05%, Mid Cap: 23.10%, Small Cap: 27.46%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI COMMA Fund invest in most?
SBI COMMA Fund has the highest allocation to Ferrous Metals (18.49%), Power (12.77%), Oil (10.20%). The fund is invested across 18 sectors in total.
How actively managed is SBI COMMA Fund compared to other Sectoral / Thematic funds?
SBI COMMA Fund has an Active Share of 89.26%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in SBI COMMA Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI COMMA Fund added 5 new stocks (including Gokaldas Exports Ltd.). Total holding count increased from 38 to 43 stocks.