Funds/Sectoral / Thematic/SBI ESG Exclusionary Strategy Fund

SBI ESG Exclusionary Strategy Fund

SBI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund maintains a heavily concentrated financial sector bet with banks comprising nearly 29% of the portfolio, signalling conviction in banking sector resilience amid ESG constraints. The top ten holdings account for nearly half the portfolio, reducing diversification but allowing meaningful exposure to quality franchises like ICICI and HDFC Bank. Stagnant monthly returns coupled with no portfolio adjustments suggest the manager is comfortable holding this structurally tilted positioning, betting on financial intermediation and infrastructure plays to drive near-term returns.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹249.7934	-1.12%	—	—	—	—	—
Regular Growth	₹226.8788	-1.16%	-6.31%	-7.38%	-3.10%	+10.51%	+10.92%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

30.46%

Top 10 Weight

49.23%

Active Share

—

Large Cap

71.59%

Gini

0.365

What Changed2026-03-31 → 2026-04-30

Holdings: 43 → 43+0 added−0 removed15 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	8.13%
2	HDFC Bank Ltd. INE040A01034	Banks	EQUITY	7.90%
3	Axis Bank Ltd. INE238A01034	Banks	EQUITY	4.97%
4	Larsen & Toubro Ltd. INE018A01030	Construction	EQUITY	4.73%
5	Infosys Ltd. INE009A01021	IT - Software	EQUITY	4.73%
6	State Bank of India INE062A01020	Banks	EQUITY	4.06%
7	Maruti Suzuki India Ltd. INE585B01010	Automobiles	EQUITY	3.89%
8	Kotak Mahindra Bank Ltd. INE237A01036	Banks	EQUITY	3.76%
9	Bajaj Finance Ltd. INE296A01032	Finance	EQUITY	3.74%
10	Ultratech Cement Ltd. INE481G01011	Cement & Cement Products	EQUITY	3.32%
11	Hindalco Industries Ltd. INE038A01020	Non - Ferrous Metals	EQUITY	3.32%
12	Asian Paints Ltd. INE021A01026	Consumer Durables	EQUITY	2.79%
13	Reliance Industries Ltd. INE002A01018	Petroleum Products	EQUITY	2.73%
14	TVS Motor Company Ltd. INE494B01023	Automobiles	EQUITY	2.58%
15	TREPS		CASH_EQUIVALENT	2.27%
16	LTM Ltd. INE214T01019	IT - Software	EQUITY	2.19%
17	Siemens Ltd. INE003A01024	Electrical Equipment	EQUITY	2.11%
18	Eicher Motors Ltd. INE066A01021	Automobiles	EQUITY	2.04%
19	ABB India Ltd. INE117A01022	Electrical Equipment	EQUITY	1.99%
20	Thermax Ltd. INE152A01029	Electrical Equipment	EQUITY	1.86%

Sector Allocation

Banks28.8%

Automobiles8.5%

IT - Software6.9%

Consumer Durables6.2%

Electrical Equipment6.0%

Construction4.7%

Finance3.7%

Cement & Cement Products3.3%

Non - Ferrous Metals3.3%

Auto Components2.8%

Top 10 sectors by % to NAV. Excludes derivatives.