SBI MNC Fund
SBI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
SBI MNC Fund maintains a concentrated bet on export-oriented businesses through heavy pharma and auto-component positions, signaling conviction in rupee depreciation tailwinds and global demand recovery. Recent additions of Vedanta's metal and steel subsidiaries alongside reduced parent-company exposure suggest the manager is tactical in capturing commodity upside while managing regulatory or valuation concerns. The strong April performance and minimal cash buffer indicate aggressive positioning for sustained cyclical momentum.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹413.6058 | +6.34% | — | — | — | — | — |
| Regular Growth | ₹373.3667 | +6.28% | +5.44% | +3.28% | +3.91% | +7.80% | +9.44% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
43
Top 5 Weight
20.65%
Top 10 Weight
36.06%
Active Share
—
Large Cap
31.80%
Gini
0.266
What Changed2026-03-31 → 2026-04-30
Holdings: 41 → 45+4 added−0 removed28 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Ltd. | 1.14% |
| Vedanta Iron and Steel Ltd. | 1.14% |
| Talwandi Sabo Power Ltd. | 1.14% |
| Malco Energy Ltd. | 1.14% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Cummins India Ltd. INE298A01020 | 5.30% |
| 2 | Divi's Laboratories Ltd. INE361B01024 | 4.91% |
| 3 | TREPS | 4.42% |
| 4 | Aether Industries Ltd. INE0BWX01014 | 3.97% |
| 5 | Sona Blw Precision Forgings Ltd. INE073K01018 | 3.26% |
| 6 | Navin Fluorine International Ltd. INE048G01026 | 3.21% |
| 7 | Siemens Ltd. INE003A01024 | 3.20% |
| 8 | Bharat Forge Ltd. INE465A01025 | 3.10% |
| 9 | CCL Products (India) Ltd. INE421D01022 | 3.05% |
| 10 | ABB India Ltd. INE117A01022 | 3.03% |
| 11 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 3.03% |
| 12 | Anthem Biosciences Ltd. INE0CZ201020 | 3.01% |
| 13 | Tenneco Clean Air India Ltd. INE19RI01016 | 2.92% |
| 14 | Britannia Industries Ltd. INE216A01030 | 2.88% |
| 15 | Colgate Palmolive (India) Ltd. INE259A01022 | 2.81% |
| 16 | Biocon Ltd. INE376G01013 | 2.78% |
| 17 | Hindustan Unilever Ltd. INE030A01027 | 2.64% |
| 18 | Grindwell Norton Ltd. INE536A01023 | 2.64% |
| 19 | Vedanta Ltd. INE205A01025 | 2.55% |
| 20 | ZF Commercial Vehicle Control Systems India Ltd. INE342J01019 | 2.47% |
Sector Allocation
Pharmaceuticals & Biotechnology19.6%
Auto Components13.8%
Chemicals & Petrochemicals10.6%
Industrial Products9.4%
Electrical Equipment6.2%
Textiles & Apparels4.0%
Agricultural Food & other Products3.0%
Food Products2.9%
Personal Products2.8%
Diversified FMCG2.6%
Top 10 sectors by % to NAV. Excludes derivatives.