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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
₹5,526 Cr
up ₹11.9 Cr vs Jan 2026
- Stocks held
- 41
- down 1 vs Jan 2026
- Top 10 weight
- 53.5%
- of the portfolio in its ten largest
SBI ESG Exclusionary Strategy Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In February 2026 it disclosed 41 stocks worth ₹5,526 Cr, up ₹11.9 Cr from Jan 2026. Its largest positions were HDFC Bank Limited (8.7%), ICICI Bank Limited (8.5%), State Bank of India (5.6%); the ten largest together made up 53.5% of the portfolio, and Banks was the biggest sector at 32.2% of its equity. Cash and debt stood at 1.1%. Compared with Jan 2026 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
45%
Holds more stocks than 45% of peers
Cash
13%
Holds more cash than 13% of peers
What these mean: concentration · cash
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. 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 | 8.66% | down 0.42 pts | ₹478 Cr | down ₹22.4 Cr | Trimmed |
| ICICI Bank Limited | 8.46% | up 0.13 pts | ₹467 Cr | up ₹8.1 Cr | Added |
| State Bank of India | 5.61% | up 0.57 pts | ₹310 Cr | up ₹32.1 Cr | Added |
| Axis Bank Limited | 5.17% | up 0.04 pts | ₹286 Cr | up ₹2.8 Cr | Added |
| Larsen & Toubro Limited | 5.06% | up 0.40 pts | ₹280 Cr | up ₹22.6 Cr | Added |
| Infosys Limited | 4.96% | down 1.31 pts | ₹274 Cr | down ₹71.8 Cr | Trimmed |
| Maruti Suzuki India Limited | 4.14% | up 0.06 pts | ₹229 Cr | up ₹4 Cr | Added |
| Kotak Mahindra Bank Limited | 3.88% | up 0.06 pts | ₹214 Cr | up ₹3.7 Cr | Added |
| Bajaj Finance Limited | 3.78% | up 0.24 pts | ₹209 Cr | up ₹13.9 Cr | Added |
| UltraTech Cement Limited | 3.74% | down 0.01 pts | ₹207 Cr | down ₹28 L | Held |
| Hindalco Industries Limited | 2.81% | down 0.12 pts | ₹156 Cr | down ₹6.4 Cr | Trimmed |
| TVS Motor Company Limited | 2.72% | up 0.13 pts | ₹151 Cr | up ₹7.5 Cr | Added |
| Asian Paints Limited | 2.58% | down 0.06 pts | ₹143 Cr | down ₹3.1 Cr | Trimmed |
| Reliance Industries Limited | 2.54% | down 0.01 pts | ₹140 Cr | down ₹15 L | Held |
| Eicher Motors Limited | 2.19% | up 0.24 pts | ₹121 Cr | up ₹13.4 Cr | Added |
| LTIMindtree Limited | 2.18% | down 0.75 pts | ₹120 Cr | down ₹40.8 Cr | Trimmed |
| ABB India Limited | 2.01% | up 0.16 pts | ₹111 Cr | up ₹9 Cr | Added |
| Pidilite Industries Limited | 1.89% | up 0.07 pts | ₹104 Cr | up ₹4.3 Cr | Added |
| Timken India Limited | 1.73% | up 0.26 pts | ₹95.9 Cr | up ₹14.7 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 1.60% | up 0.04 pts | ₹88.4 Cr | up ₹2.4 Cr | Added |
| Siemens Limited | 1.55% | up 0.14 pts | ₹85.5 Cr | up ₹7.9 Cr | Added |
| Divi's Laboratories Limited | 1.51% | up 0.08 pts | ₹83.3 Cr | up ₹4.6 Cr | Added |
| Britannia Industries Limited | 1.47% | up 0.03 pts | ₹81 Cr | up ₹1.9 Cr | Added |
| Schaeffler India Limited | 1.46% | up 0.24 pts | ₹80.6 Cr | up ₹13.6 Cr | Added |
| The Indian Hotels Company Limited | 1.45% | down 0.02 pts | ₹80.4 Cr | down ₹86 L | Trimmed |
| Thermax Limited | 1.36% | up 0.10 pts | ₹75 Cr | up ₹5.8 Cr | Added |
| Sona BLW Precision Forgings Limited | 1.35% | up 0.10 pts | ₹74.8 Cr | up ₹5.4 Cr | Added |
| Page Industries Limited | 1.30% | down 0.04 pts | ₹71.9 Cr | down ₹2 Cr | Trimmed |
| Oberoi Realty Limited | 1.19% | up 0.02 pts | ₹65.8 Cr | up ₹1.4 Cr | Added |
| Voltas Limited | 1.19% | up 0.18 pts | ₹65.6 Cr | up ₹9.8 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.18% | up 0.12 pts | ₹65.2 Cr | up ₹6.9 Cr | Added |
| Kajaria Ceramics Limited | 1.17% | up 0.06 pts | ₹64.6 Cr | up ₹3.7 Cr | Added |
| Godrej Properties Limited | 1.08% | up 0.09 pts | ₹59.7 Cr | up ₹5.3 Cr | Added |
| Jubilant Foodworks Limited | 1.07% | up 0.04 pts | ₹59.1 Cr | up ₹2.6 Cr | Added |
| Cash, TREPS & receivables | 1.06% | down 0.75 pts | ₹58.6 Cr | down ₹41 Cr | Trimmed |
| L&T Technology Services Limited | 1.05% | down 0.07 pts | ₹58 Cr | down ₹3.5 Cr | Trimmed |
| Dr. Lal Path Labs Limited | 1.04% | down 0.01 pts | ₹57.4 Cr | down ₹39 L | Trimmed |
| Honeywell Automation India Limited | 0.95% | down 0.08 pts | ₹52.7 Cr | down ₹4.1 Cr | Trimmed |
| Berger Paints (I) Limited | 0.91% | down 0.02 pts | ₹50.2 Cr | down ₹75 L | Trimmed |
| Colgate Palmolive (India) Limited | 0.84% | up 0.05 pts | ₹46.4 Cr | up ₹2.9 Cr | Added |
| 364 DAY T-BILL Debt | 0.09% | up <0.01 pts | ₹4.8 Cr | up ₹3 L | Added |
| TVS Motor Company Ltd. Other | 0.03% | up <0.01 pts | ₹1.8 Cr | up ₹1 L | Held |
| Numero Uno International Ltd. | 0.00% | — | ₹0 L | — | Held |
| Jadoonet.Com | 0.00% | — | ₹0 L | — | Held |
What changed, Jan 2026 to Feb 2026
New New positions (0)
None.
Exited Exited (1)
- Kwality Walls (India) Limitedwas <0.1% · ₹94 L
Added Biggest additions
- State Bank of Indiaup ₹32.1 Cr (+0.57% pts)
- Larsen & Toubro Limitedup ₹22.6 Cr (+0.40% pts)
- Timken India Limitedup ₹14.7 Cr (+0.26% pts)
- Bajaj Finance Limitedup ₹13.9 Cr (+0.24% 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 Jan 2026, the weight rose most in Electrical Equipment (+0.4 pts) and Automobiles (+0.4 pts), and fell most in IT - Software (−2.2 pts) and Non - Ferrous Metals (−0.1 pts).
- Electrical Equipment4.6% → 5.0%+0.4 pts
- Automobiles8.8% → 9.2%+0.4 pts
- Construction4.8% → 5.1%+0.4 pts
- Auto Components2.5% → 2.8%+0.3 pts
- Industrial Products1.5% → 1.8%+0.3 pts
- Finance3.6% → 3.8%+0.2 pts
- IT - Software9.4% → 7.2%−2.2 pts
- Non - Ferrous Metals3.0% → 2.8%−0.1 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 | Feb 2023 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|---|
| Banks | 20.0% | 30.6% | 29.7% | 31.7% | 32.0% | 32.2% |
| Automobiles | 9.2% | 8.2% | 9.3% | 8.7% | 8.8% | 9.2% |
| IT - Software | 17.7% | 15.0% | 10.9% | 8.1% | 9.4% | 7.2% |
| Consumer Durables | 3.8% | 1.9% | 4.3% | 6.5% | 5.8% | 5.9% |
| Construction | 4.4% | 4.6% | 4.8% | 4.7% | 4.8% | 5.1% |
| Electrical Equipment | 3.0% | 3.5% | 4.5% | 4.4% | 4.6% | 5.0% |
| Finance | 9.4% | 3.0% | 2.5% | 2.8% | 3.6% | 3.8% |
| Cement & Cement Products | 3.9% | 3.5% | 4.0% | 3.4% | 3.8% | 3.8% |
| Non - Ferrous Metals | 1.7% | 2.1% | 2.2% | 2.4% | 3.0% | 2.8% |
| Auto Components | 2.8% | 2.5% | 2.4% | 2.6% | 2.5% | 2.8% |
Allocation in Feb 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, Feb 2026
1.1%
▼ 0.7 pts vs Jan 2026
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- 2.0%
- Feb 2025 · now ▼ 0.9 pts
- Last 12 months
- 1.1% – 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.