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Sectoral / Thematic · Aditya Birla Sun Life Mutual Fund · AMFI code 147844Aditya Birla Sun Life PSU Equity Fund
Disclosed for 81 months, Dec 2019 to Sep 2026.Published as: ADITYA BIRLA SUN LIFE PSU EQUITY FUND
Portfolio value
₹5,334 Cr
down ₹752 Cr vs Feb 2026
Aditya Birla Sun Life PSU Equity Fund is an active equity fund in the Sectoral / Thematic category from Aditya Birla Sun Life Mutual Fund. In March 2026 it disclosed 32 stocks worth ₹5,334 Cr, down ₹752 Cr from Feb 2026. Its largest positions were State Bank of India (18.8%), NTPC Limited (9.2%), Power Grid Corporation of India Limited (6.8%); the ten largest together made up 64.5% of the portfolio, and Banks was the biggest sector at 31.6% of its equity. Cash and debt stood at 2.9%. Compared with Feb 2026 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
89%
Top-10 weight is higher than 89% of peers
Breadth
19%
Holds more stocks than 19% of peers
Cash
41%
Holds more cash than 41% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| State Bank of India | 18.77% | down 1.42 pts | ₹1,001 Cr | down ₹227 Cr | Trimmed |
| NTPC Limited | 9.17% | up 0.89 pts | ₹489 Cr | down ₹14.8 Cr | Trimmed |
| Power Grid Corporation of India Limited | 6.85% | up 0.79 pts | ₹365 Cr | down ₹3.1 Cr | Trimmed |
| Bharat Electronics Limited | 5.37% | up 0.15 pts | ₹286 Cr | down ₹31.5 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 4.51% | up 0.24 pts | ₹240 Cr | down ₹19.1 Cr | Trimmed |
| GAIL (India) Limited | 4.36% | down 0.34 pts | ₹233 Cr | down ₹53.7 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 4.20% | down 0.67 pts | ₹224 Cr | down ₹72.6 Cr | Trimmed |
| Bank of Maharashtra | 3.82% | down 0.26 pts | ₹204 Cr | down ₹44.6 Cr | Trimmed |
| Bank of Baroda | 3.78% | down 0.53 pts | ₹202 Cr | down ₹60.6 Cr | Trimmed |
| Bank of India | 3.65% | down 0.46 pts | ₹194 Cr | down ₹55.5 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 3.47% | down 0.70 pts | ₹185 Cr | down ₹68.7 Cr | Trimmed |
| Coal India Limited | 3.45% | up 0.56 pts | ₹184 Cr | up ₹8.1 Cr | Added |
| NMDC Limited | 3.31% | up 0.20 pts | ₹177 Cr | down ₹12.7 Cr | Trimmed |
| Cash, TREPS & receivables | 2.93% | up 0.70 pts | ₹156 Cr | up ₹20.8 Cr | Added |
| PNB Housing Finance Limited | 2.77% | up 0.12 pts | ₹148 Cr | down ₹13.6 Cr | Trimmed |
| Hindustan Aeronautics Limited | 2.18% | up 0.04 pts | ₹116 Cr | down ₹14.2 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 2.13% | up 1.04 pts | ₹114 Cr | up ₹47.5 Cr | Added |
| Indian Oil Corporation Limited | 1.94% | down 0.42 pts | ₹104 Cr | down ₹39.9 Cr | Trimmed |
| Oil India Limited | 1.72% | up 0.19 pts | ₹91.9 Cr | down ₹1.6 Cr | Trimmed |
| Life Insurance Corporation Of India | 1.43% | down 0.04 pts | ₹76 Cr | down ₹13 Cr | Trimmed |
| National Aluminium Company Limited | 1.27% | up 0.25 pts | ₹68 Cr | up ₹5.5 Cr | Added |
| Mahanagar Gas Limited | 1.23% | down 0.19 pts | ₹65.6 Cr | down ₹20.7 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.18% | down 0.01 pts | ₹63 Cr | down ₹9.2 Cr | Trimmed |
| Steel Authority of India Limited | 1.13% | up 0.05 pts | ₹60.4 Cr | down ₹5.7 Cr | Trimmed |
| Power Finance Corporation Limited | 1.03% | up 0.05 pts | ₹54.8 Cr | down ₹5 Cr | Trimmed |
| Indraprastha Gas Limited | 0.85% | down 0.02 pts | ₹45.4 Cr | down ₹7.9 Cr | Trimmed |
| Canara Robeco Mutual Fund | 0.68% | down 0.01 pts | ₹36.1 Cr | down ₹5.7 Cr | Trimmed |
| Punjab National Bank | 0.61% | down 0.08 pts | ₹32.7 Cr | down ₹9.4 Cr | Trimmed |
| BEML Limited | 0.54% | down 0.04 pts | ₹28.7 Cr | down ₹6.5 Cr | Trimmed |
| Container Corporation of India Limited | 0.47% | down 0.01 pts | ₹24.8 Cr | down ₹4.1 Cr | Trimmed |
| Indian Railway Catering And Tourism Corporation Limited | 0.44% | down <0.01 pts | ₹23.2 Cr | down ₹3.5 Cr | Trimmed |
| REC Limited | 0.42% | down <0.01 pts | ₹22.3 Cr | down ₹3.3 Cr | Trimmed |
| Gujarat Gas Limited | 0.35% | down 0.06 pts | ₹18.9 Cr | down ₹6.1 Cr | Trimmed |
What changed, Feb 2026 to Mar 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Hindustan Petroleum Corporation Limitedup ₹47.5 Cr (+1.04% pts)
- Coal India Limitedup ₹8.1 Cr (+0.56% pts)
- National Aluminium Company Limitedup ₹5.5 Cr (+0.25% pts)
Trimmed Biggest reductions
- State Bank of Indiadown ₹227 Cr (−1.42% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Feb 2026, the weight rose most in Power (+1.8 pts) and Consumable Fuels (+0.6 pts), and fell most in Banks (−2.6 pts) and Gas (−0.6 pts).
- Power14.7% → 16.5%+1.8 pts
- Consumable Fuels3.0% → 3.6%+0.6 pts
- Electrical Equipment4.4% → 4.6%+0.3 pts
- Non - Ferrous Metals1.0% → 1.3%+0.3 pts
- Aerospace & Defense7.5% → 7.8%+0.2 pts
- Minerals & Mining3.2% → 3.4%+0.2 pts
- Banks34.1% → 31.6%−2.6 pts
- Gas7.6% → 7.0%−0.6 pts
- Oil6.6% → 6.1%−0.5 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2023 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|---|
| Banks | 29.1% | 21.5% | 24.2% | 30.9% | 34.1% | 31.6% |
| Power | 19.6% | 18.7% | 15.8% | 13.9% | 14.7% | 16.5% |
| Aerospace & Defense | 5.2% | 6.8% | 8.3% | 7.9% | 7.5% | 7.8% |
| Petroleum Products | 5.5% | 7.7% | 8.0% | 8.3% | 7.8% | 7.8% |
| Gas | 7.4% | 9.1% | 9.4% | 8.8% | 7.6% | 7.0% |
| Oil | 4.4% | 7.8% | 7.0% | 5.4% | 6.6% | 6.1% |
| Electrical Equipment | — | 2.8% | 3.4% | 4.1% | 4.4% | 4.6% |
| Finance | 1.9% | 10.6% | 9.1% | 4.8% | 4.1% | 4.3% |
| Consumable Fuels | 8.4% | 3.7% | 3.3% | 3.0% | 3.0% | 3.6% |
| Minerals & Mining | 3.4% | 3.8% | 3.3% | 3.5% | 3.2% | 3.4% |
Allocation in Mar 2026change vs Feb 2026
- Banks (5)31.6%▼ 2.6 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Mar 2026
2.9%
▲ 0.7 pts vs Feb 2026
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- 2.3%
- Mar 2025 · now ▲ 0.6 pts
- Last 12 months
- 1.9% – 5.3%
- lowest to highest · record 43.2% in Dec 2019
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.