SBI COMMA Fund
SBI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹128.0995 | +5.05% | — | — | — | — | — |
| Regular Growth | ₹117.7802 | +5.00% | +4.51% | +9.02% | +16.44% | +21.57% | +13.53% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
40
Top 5 Weight
28.95%
Top 10 Weight
46.09%
Active Share
—
Large Cap
42.05%
Gini
0.361
What Changed2026-03-31 → 2026-04-30
Holdings: 38 → 43+5 added−0 removed24 weight shifts ≥ 0.1%
| 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
Ferrous Metals18.5%
Power12.8%
Oil10.2%
Cement & Cement Products9.8%
Petroleum Products8.8%
Chemicals & Petrochemicals5.1%
Textiles & Apparels4.8%
Agricultural Food & other Products3.6%
Fertilizers & Agrochemicals3.6%
Minerals & Mining3.5%
Top 10 sectors by % to NAV. Excludes derivatives.