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ELSS (tax saving) · SBI Mutual Fund · AMFI code 103883SBI ELSS Tax Saver Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹31,862 Cr
down ₹747 Cr vs Dec 2025
- Stocks held
- 74
- up 4 vs Dec 2025
- Top 10 weight
- 41.2%
- of the portfolio in its ten largest
- Cash & debt
- 3.8%
- cash, money market and debt
- Moves this month
- 4 in · 0 out
- added to 10, trimmed 47
SBI ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from SBI Mutual Fund. In January 2026 it disclosed 74 stocks worth ₹31,862 Cr, down ₹747 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (8.3%), Reliance Industries Limited (4.9%), Axis Bank Limited (4.3%); the ten largest together made up 41.2% of the portfolio, and Banks was the biggest sector at 29.2% of its equity. Cash and debt stood at 3.8%. Compared with Dec 2025 the fund entered 4 new stocks and exited 0.
Against 46 other ELSS (tax saving) funds
Concentration
52%
Top-10 weight is higher than 52% of peers
Breadth
83%
Holds more stocks than 83% of peers
Cash
70%
Holds more cash than 70% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 8.34% | down 0.35 pts | ₹2,656 Cr | down ₹177 Cr | Trimmed |
| Reliance Industries Limited | 4.94% | down 0.49 pts | ₹1,573 Cr | down ₹197 Cr | Trimmed |
| Axis Bank Limited | 4.29% | up 1.77 pts | ₹1,367 Cr | up ₹545 Cr | Added |
| Kotak Mahindra Bank Limited | 4.19% | up 1.73 pts | ₹1,336 Cr | up ₹533 Cr | Added |
| State Bank of India | 4.17% | up 1.36 pts | ₹1,329 Cr | up ₹412 Cr | Added |
| Tata Steel Limited | 3.76% | up 0.33 pts | ₹1,197 Cr | up ₹80.9 Cr | Added |
| Cash, TREPS & receivables | 3.68% | down 4.15 pts | ₹1,173 Cr | down ₹1,379 Cr | Trimmed |
| ICICI Bank Limited | 3.64% | up 0.58 pts | ₹1,159 Cr | up ₹163 Cr | Added |
| Mahindra & Mahindra Limited | 2.71% | down 0.15 pts | ₹863 Cr | down ₹69.8 Cr | Trimmed |
| Infosys Limited | 2.61% | up 1.09 pts | ₹832 Cr | up ₹336 Cr | Added |
| Cipla Limited | 2.53% | down 0.29 pts | ₹807 Cr | down ₹114 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 2.49% | down 0.12 pts | ₹792 Cr | down ₹57.9 Cr | Trimmed |
| Torrent Power Limited | 2.44% | up 0.20 pts | ₹779 Cr | up ₹45.4 Cr | Added |
| Tech Mahindra Limited | 2.07% | up 0.22 pts | ₹659 Cr | up ₹57.5 Cr | Added |
| Bharti Airtel Limited | 1.89% | down 0.09 pts | ₹603 Cr | down ₹41.9 Cr | Trimmed |
| AIA Engineering Limited | 1.86% | up 0.03 pts | ₹592 Cr | down ₹4.2 Cr | Trimmed |
| Lupin Limited | 1.82% | up 0.08 pts | ₹579 Cr | up ₹11.6 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.64% | down 0.15 pts | ₹523 Cr | down ₹60.8 Cr | Trimmed |
| Hindalco Industries Limited | 1.50% | up 0.15 pts | ₹476 Cr | up ₹37.6 Cr | Added |
| Bharat Petroleum Corporation Limited | 1.48% | down 0.04 pts | ₹472 Cr | down ₹25.2 Cr | Trimmed |
| Tata Consultancy Services Limited | 1.47% | down <0.01 pts | ₹469 Cr | down ₹12.3 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.44% | up 0.18 pts | ₹457 Cr | up ₹48.6 Cr | Added |
| GAIL (India) Limited | 1.39% | down 0.01 pts | ₹443 Cr | down ₹12.9 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.38% | down 0.03 pts | ₹440 Cr | down ₹21.7 Cr | Trimmed |
| Sundaram Clayton Limited | 1.27% | up 0.13 pts | ₹404 Cr | up ₹34.3 Cr | Added |
| Asian Paints Limited | 1.21% | down 0.14 pts | ₹386 Cr | down ₹54.3 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.19% | up 1.19 pts | ₹379 Cr | up ₹379 Cr | New |
| Tata Communications Limited | 1.19% | down 0.16 pts | ₹379 Cr | down ₹61.4 Cr | Trimmed |
| Hexaware Technologies Limited | 1.18% | down 0.09 pts | ₹377 Cr | down ₹36.8 Cr | Trimmed |
| Tata Motors Ltd | 1.15% | up 0.13 pts | ₹366 Cr | up ₹34.4 Cr | Added |
| Swiggy Limited | 1.11% | down 0.24 pts | ₹355 Cr | down ₹87.6 Cr | Trimmed |
| MedPlus Health Services Limited | 1.09% | up 0.01 pts | ₹349 Cr | down ₹3.6 Cr | Trimmed |
| Punjab National Bank | 1.06% | down <0.01 pts | ₹337 Cr | down ₹8 Cr | Trimmed |
| Petronet LNG Limited | 1.04% | up 0.04 pts | ₹330 Cr | up ₹6.4 Cr | Added |
| MAHINDRA LIFESPACE DEVELOPERS LTD | 1.03% | down 0.05 pts | ₹330 Cr | down ₹24.5 Cr | Trimmed |
| Wipro Limited | 1.02% | down 0.30 pts | ₹324 Cr | down ₹105 Cr | Trimmed |
| Equitas Small Finance Bank Limited | 0.98% | up 0.12 pts | ₹312 Cr | up ₹31.7 Cr | Added |
| Grindwell Norton Ltd. | 0.93% | up 0.01 pts | ₹295 Cr | down ₹4 Cr | Trimmed |
| The Federal Bank Limited | 0.90% | down 0.33 pts | ₹288 Cr | down ₹113 Cr | Trimmed |
| Tata Motors Limited | 0.88% | down 0.02 pts | ₹280 Cr | down ₹13.8 Cr | Trimmed |
| Delhivery Limited | 0.80% | up 0.05 pts | ₹256 Cr | up ₹11.5 Cr | Added |
| Prism Johnson Limited | 0.80% | down 0.04 pts | ₹255 Cr | down ₹19.1 Cr | Trimmed |
| Sundaram Clayton Limited | 0.75% | up 0.03 pts | ₹238 Cr | up ₹3.3 Cr | Added |
| Rallis India Limited | 0.75% | up <0.01 pts | ₹238 Cr | down ₹4.6 Cr | Trimmed |
| Godrej Consumer Products Limited | 0.72% | down 0.03 pts | ₹231 Cr | down ₹13.6 Cr | Trimmed |
| Sheela Foam Limited | 0.67% | down 0.07 pts | ₹214 Cr | down ₹27 Cr | Trimmed |
| ITC Limited | 0.65% | down 2.00 pts | ₹207 Cr | down ₹656 Cr | Trimmed |
| Life Insurance Corporation Of India | 0.61% | down 0.01 pts | ₹194 Cr | down ₹7.1 Cr | Trimmed |
| United Breweries Limited | 0.56% | down 0.04 pts | ₹179 Cr | down ₹18.7 Cr | Trimmed |
| Shree Cement Limited | 0.55% | up 0.02 pts | ₹175 Cr | up ₹2.7 Cr | Added |
What changed, Dec 2025 to Jan 2026
New New positions (4)
- HDFC Life Insurance Company Limited1.2% · ₹379 Cr
- Bank of Baroda0.5% · ₹150 Cr
- Biocon Limited0.5% · ₹149 Cr
- Bank of India<0.1% · ₹4.4 Cr
Exited Exited (0)
None.
Added Biggest additions
- Axis Bank Limitedup ₹545 Cr (+1.77% pts)
- Kotak Mahindra Bank Limitedup ₹533 Cr (+1.73% 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 Dec 2025, the weight rose most in Banks (+4.5 pts) and Insurance (+1.1 pts), and fell most in Diversified FMCG (−2.2 pts) and Capital Markets (−1.0 pts).
- Banks24.6% → 29.2%+4.5 pts
- Insurance2.6% → 3.7%+1.1 pts
- IT - Software8.1% → 8.7%+0.6 pts
- Ferrous Metals3.7% → 3.9%+0.2 pts
- Oil1.4% → 1.5%+0.1 pts
- Diversified FMCG2.9% → 0.7%−2.2 pts
- Capital Markets1.4% → 0.5%−1.0 pts
- Petroleum Products7.6% → 6.7%−0.9 pts
- Retailing4.6% → 4.0%−0.6 pts
- Consumer Durables3.3% → 2.9%−0.4 pts
- Telecom - Services3.6% → 3.2%−0.4 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 | Jan 2023 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|---|
| Banks | 20.3% | 21.5% | 24.7% | 24.3% | 24.6% | 29.2% |
| IT - Software | 7.3% | 11.7% | 8.4% | 7.6% | 8.1% | 8.7% |
| Petroleum Products | 6.9% | 5.6% | 7.0% | 7.2% | 7.6% | 6.7% |
| Pharmaceuticals & Biotechnology | 5.6% | 5.8% | 6.3% | 5.9% | 5.9% | 5.9% |
| Retailing | <0.1% | 2.6% | 3.3% | 4.5% | 4.6% | 4.0% |
| Ferrous Metals | 1.5% | 2.8% | 3.5% | 3.8% | 3.7% | 3.9% |
| Automobiles | 5.3% | 5.4% | 4.7% | 4.1% | 4.1% | 3.7% |
| Insurance | 3.9% | 2.5% | 2.7% | 2.5% | 2.6% | 3.7% |
| Industrial Products | 6.2% | 5.3% | 4.9% | 4.0% | 3.7% | 3.6% |
| Telecom - Services | 3.6% | 3.7% | 2.1% | 3.6% | 3.6% | 3.2% |
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, Jan 2026
3.8%
▼ 4.1 pts vs Dec 2025
- Cash alone
- 3.7%
- cash and net receivables
- A year earlier
- 9.8%
- Jan 2025 · now ▼ 6.0 pts
- Last 12 months
- 3.8% – 9.7%
- lowest to highest · record 10.0% in Feb 2023
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.