SBI MNC Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹414.9594 | +4.45% | — | — | — |
| Regular Growth | ₹374.5819 | +4.40% | +2.74% | +7.89% | +9.51% |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI MNC Fund hold?
SBI MNC Fund holds 43 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.65% of NAV.
What is the largest holding in SBI MNC Fund?
The largest position in SBI MNC Fund is Cummins India Ltd., accounting for 5.30% of NAV in the Industrial Products sector.
Is SBI MNC Fund a concentrated or diversified fund?
With a Gini coefficient of 0.266, SBI MNC Fund is well-diversified. The HHI concentration index is 26,117 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.65% of the portfolio.
What is the market cap allocation of SBI MNC Fund?
Based on SEBI's AMFI classification, SBI MNC Fund's equity portfolio is split as: Large Cap: 31.80%, Mid Cap: 19.97%, Small Cap: 36.86%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI MNC Fund invest in most?
SBI MNC Fund has the highest allocation to Pharmaceuticals & Biotechnology (19.55%), Auto Components (13.78%), Chemicals & Petrochemicals (10.58%). The fund is invested across 25 sectors in total.
How actively managed is SBI MNC Fund compared to other Sectoral / Thematic funds?
SBI MNC Fund has an Active Share of 85.70%, 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 MNC Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI MNC Fund added 4 new stocks (including Vedanta Aluminium Metal Ltd.). Total holding count increased from 41 to 45 stocks.