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Sectoral / Thematic · SBI Mutual Fund · AMFI code 101295SBI ESG Exclusionary Strategy Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹5,514 Cr
down ₹193 Cr vs Dec 2025
- Stocks held
- 42
- down 1 vs Dec 2025
- Top 10 weight
- 53.7%
- of the portfolio in its ten largest
- Cash & debt
SBI ESG Exclusionary Strategy Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In January 2026 it disclosed 42 stocks worth ₹5,514 Cr, down ₹193 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (9.1%), ICICI Bank Limited (8.3%), Infosys Limited (6.3%); the ten largest together made up 53.7% of the portfolio, and Banks was the biggest sector at 32.0% of its equity. Cash and debt stood at 1.9%. Compared with Dec 2025 the fund entered 0 new stocks and exited 1.
Against 229 other Sectoral / Thematic funds
Concentration
67%
Top-10 weight is higher than 67% of peers
Breadth
47%
Holds more stocks than 47% of peers
Cash
28%
Holds more cash than 28% 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 | 9.08% | down 0.28 pts | ₹501 Cr | down ₹33.4 Cr | Trimmed |
| ICICI Bank Limited | 8.33% | up 0.35 pts | ₹459 Cr | up ₹4.1 Cr | Added |
| Infosys Limited | 6.27% | up 1.30 pts | ₹346 Cr | up ₹61.9 Cr | Added |
| Axis Bank Limited | 5.13% | up 0.04 pts | ₹283 Cr | down ₹7.7 Cr | Trimmed |
| State Bank of India | 5.04% | up 0.60 pts | ₹278 Cr | up ₹24.5 Cr | Added |
| Larsen & Toubro Limited | 4.66% | down 0.02 pts | ₹257 Cr | down ₹9.9 Cr | Trimmed |
| Maruti Suzuki India Limited | 4.08% | down 0.43 pts | ₹225 Cr | down ₹32.3 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 3.82% | down 0.16 pts | ₹211 Cr | down ₹16.6 Cr | Trimmed |
| UltraTech Cement Limited | 3.75% | up 0.39 pts | ₹207 Cr | up ₹14.8 Cr | Added |
| Bajaj Finance Limited | 3.54% | up 0.95 pts | ₹195 Cr | up ₹47.2 Cr | Added |
| Hindalco Industries Limited | 2.94% | up 0.32 pts | ₹162 Cr | up ₹12.8 Cr | Added |
| LTIMindtree Limited | 2.93% | up 0.06 pts | ₹161 Cr | down ₹2.4 Cr | Trimmed |
| Asian Paints Limited | 2.64% | down 0.27 pts | ₹146 Cr | down ₹20.5 Cr | Trimmed |
| TVS Motor Company Limited | 2.59% | up 0.06 pts | ₹143 Cr | down ₹1.6 Cr | Trimmed |
| Reliance Industries Limited | 2.54% | down 0.22 pts | ₹140 Cr | down ₹17.6 Cr | Trimmed |
| Eicher Motors Limited | 1.95% | up 0.02 pts | ₹107 Cr | down ₹2.9 Cr | Trimmed |
| ABB India Limited | 1.85% | up 0.19 pts | ₹102 Cr | up ₹7.5 Cr | Added |
| Pidilite Industries Limited | 1.81% | up 0.19 pts | ₹100 Cr | up ₹7.5 Cr | Added |
| Cash, TREPS & receivables | 1.81% | down 1.31 pts | ₹99.5 Cr | down ₹78.1 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.56% | down 0.02 pts | ₹86 Cr | down ₹4.2 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.47% | down 0.09 pts | ₹81.2 Cr | down ₹7.8 Cr | Trimmed |
| Timken India Limited | 1.47% | up 0.02 pts | ₹81.2 Cr | down ₹1.7 Cr | Trimmed |
| Britannia Industries Limited | 1.43% | up 0.01 pts | ₹79.1 Cr | down ₹2.3 Cr | Trimmed |
| Divi's Laboratories Limited | 1.43% | down 0.03 pts | ₹78.7 Cr | down ₹4.4 Cr | Trimmed |
| Siemens Limited | 1.41% | up 0.06 pts | ₹77.5 Cr | up ₹95 L | Added |
| Page Industries Limited | 1.34% | down 0.07 pts | ₹73.9 Cr | down ₹6.8 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 1.26% | up 0.08 pts | ₹69.4 Cr | up ₹2.3 Cr | Added |
| Thermax Limited | 1.25% | down 0.02 pts | ₹69.2 Cr | down ₹3.5 Cr | Trimmed |
| Schaeffler India Limited | 1.22% | down 0.04 pts | ₹67 Cr | down ₹4.8 Cr | Trimmed |
| Oberoi Realty Limited | 1.17% | down 0.10 pts | ₹64.4 Cr | down ₹7.8 Cr | Trimmed |
| L&T Technology Services Limited | 1.11% | down 0.18 pts | ₹61.4 Cr | down ₹12.2 Cr | Trimmed |
| Kajaria Ceramics Limited | 1.10% | down 0.04 pts | ₹60.9 Cr | down ₹4.5 Cr | Trimmed |
| FSN E-Commerce Ventures Limited | 1.06% | down 0.08 pts | ₹58.4 Cr | down ₹6.8 Cr | Trimmed |
| Dr. Lal Path Labs Limited | 1.05% | down 0.02 pts | ₹57.8 Cr | down ₹3 Cr | Trimmed |
| Honeywell Automation India Limited | 1.03% | up 0.05 pts | ₹56.7 Cr | up ₹97 L | Added |
| Jubilant Foodworks Limited | 1.02% | down 0.09 pts | ₹56.5 Cr | down ₹7 Cr | Trimmed |
| Voltas Limited | 1.01% | up 0.01 pts | ₹55.8 Cr | down ₹1.4 Cr | Trimmed |
| Godrej Properties Limited | 0.99% | down 0.23 pts | ₹54.4 Cr | down ₹14.8 Cr | Trimmed |
| Berger Paints (I) Limited | 0.92% | down 0.11 pts | ₹50.9 Cr | down ₹8.1 Cr | Trimmed |
| Colgate Palmolive (India) Limited | 0.79% | up 0.04 pts | ₹43.5 Cr | up ₹79 L | Added |
| 364 DAY T-BILL Debt | 0.09% | up <0.01 pts | ₹4.8 Cr | up ₹2 L | Held |
| TVS Motor Company Ltd. Other | 0.03% | up <0.01 pts | ₹1.8 Cr | up ₹1 L | Held |
| Kwality Walls (India) Limited | 0.02% | up <0.01 pts | ₹94 L | — | Held |
| Numero Uno International Ltd. | 0.00% | — | ₹0 L | — | Held |
| Jadoonet.Com | 0.00% | — | ₹0 L | — | Held |
What changed, Dec 2025 to Jan 2026
New New positions (0)
None.
Exited Exited (1)
- Hindustan Unilever Limitedwas 0.9% · ₹54 Cr
Added Biggest additions
- Infosys Limitedup ₹61.9 Cr (+1.30% pts)
- Bajaj Finance Limitedup ₹47.2 Cr (+0.95% pts)
- State Bank of Indiaup ₹24.5 Cr (+0.60% pts)
- UltraTech Cement Limitedup ₹14.8 Cr (+0.39% 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 IT - Software (+1.3 pts) and Finance (+0.9 pts), and fell most in Diversified FMCG (−1.0 pts) and Consumer Durables (−0.5 pts).
- IT - Software8.1% → 9.4%+1.3 pts
- Finance2.7% → 3.6%+0.9 pts
- Cement & Cement Products3.5% → 3.8%+0.3 pts
- Non - Ferrous Metals2.7% → 3.0%+0.3 pts
- Electrical Equipment4.4% → 4.6%+0.2 pts
- Chemicals & Petrochemicals1.7% → 1.8%+0.2 pts
- Diversified FMCG1.0% → 0.0%exited−1.0 pts
- Consumer Durables6.3% → 5.8%−0.5 pts
- Automobiles9.3% → 8.8%−0.5 pts
- Realty2.6% → 2.2%−0.4 pts
- Petroleum Products2.9% → 2.6%−0.3 pts
- Leisure Services2.8% → 2.5%−0.2 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 | 20.0% | 28.7% | 31.1% | 30.6% | 31.9% | 32.0% |
| IT - Software | 17.8% | 17.7% | 11.1% | 9.9% | 8.1% | 9.4% |
| Automobiles | 9.4% | 8.1% | 8.1% | 8.8% | 9.3% | 8.8% |
| Consumer Durables | 3.7% | 2.0% | 1.5% | 6.2% | 6.3% | 5.8% |
| Construction | 4.4% | 4.8% | 4.9% | 4.7% | 4.8% | 4.8% |
| Electrical Equipment | 2.6% | 3.8% | 5.0% | 4.5% | 4.4% | 4.6% |
| Cement & Cement Products | 3.8% | 3.7% | 3.9% | 3.5% | 3.5% | 3.8% |
| Finance | 9.1% | 2.5% | 2.6% | 2.5% | 2.7% | 3.6% |
| Non - Ferrous Metals | 2.0% | 1.8% | 2.1% | 2.5% | 2.7% | 3.0% |
| Petroleum Products | 1.7% | 3.3% | 3.6% | 2.9% | 2.9% | 2.6% |
Allocation in Jan 2026
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
1.9%
▼ 1.3 pts vs Dec 2025
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- 1.4%
- Jan 2025 · now ▲ 0.5 pts
- Last 12 months
- 1.4% – 4.2%
- lowest to highest · record 4.2% in Jul 2025
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.