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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
₹5,265 Cr
up ₹455 Cr vs Mar 2026
- Stocks held
- 42
- unchanged
- Top 10 weight
- 49.2%
- of the portfolio in its ten largest
- Cash & debt
- 2.3%
SBI ESG Exclusionary Strategy Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In April 2026 it disclosed 42 stocks worth ₹5,265 Cr, up ₹455 Cr from Mar 2026. Its largest positions were ICICI Bank Limited (8.1%), HDFC Bank Limited (7.9%), Axis Bank Limited (5.0%); the ten largest together made up 49.2% of the portfolio, and Banks was the biggest sector at 29.5% of its equity. Cash and debt stood at 2.3%. Compared with Mar 2026 the fund entered 0 new stocks and exited 0.
Against 229 other Sectoral / Thematic funds
Concentration
56%
Top-10 weight is higher than 56% of peers
Breadth
47%
Holds more stocks than 47% of peers
Cash
31%
Holds more cash than 31% of peers
What these mean: concentration · cash
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 8.13% | down 0.36 pts | ₹428 Cr | up ₹19.5 Cr | Added |
| HDFC Bank Limited | 7.90% | down 0.30 pts | ₹416 Cr | up ₹21.6 Cr | Added |
| Axis Bank Limited | 4.97% | down 0.01 pts | ₹262 Cr | up ₹22.1 Cr | Added |
| Larsen & Toubro Limited | 4.73% | down 0.03 pts | ₹249 Cr | up ₹20.1 Cr | Added |
| Infosys Limited | 4.73% | down 0.75 pts | ₹249 Cr | down ₹14.5 Cr | Trimmed |
| State Bank of India | 4.06% | down 0.01 pts | ₹214 Cr | up ₹17.8 Cr | Added |
| Maruti Suzuki India Limited | 3.89% | down 0.05 pts | ₹205 Cr | up ₹15.5 Cr | Added |
| Kotak Mahindra Bank Limited | 3.76% | down 0.03 pts | ₹198 Cr | up ₹15.4 Cr | Added |
| Bajaj Finance Limited | 3.74% | up 0.24 pts | ₹197 Cr | up ₹28.4 Cr | Added |
| UltraTech Cement Limited | 3.32% | down 0.05 pts | ₹175 Cr | up ₹12.7 Cr | Added |
| Hindalco Industries Limited | 3.32% | up 0.22 pts | ₹175 Cr | up ₹25.8 Cr | Added |
| Asian Paints Limited | 2.79% | up 0.09 pts | ₹147 Cr | up ₹16.8 Cr | Added |
| Reliance Industries Limited | 2.73% | down 0.08 pts | ₹144 Cr | up ₹8.7 Cr | Added |
| TVS Motor Company Limited | 2.58% | down 0.14 pts | ₹136 Cr | up ₹5 Cr | Added |
| LTIMindtree Limited | 2.19% | down 0.06 pts | ₹115 Cr | up ₹6.9 Cr | Added |
| Cash, TREPS & receivables | 2.17% | up 0.81 pts | ₹114 Cr | up ₹48.8 Cr | Added |
| Siemens Limited | 2.11% | up 0.33 pts | ₹111 Cr | up ₹25.5 Cr | Added |
| Eicher Motors Limited | 2.04% | down 0.03 pts | ₹107 Cr | up ₹7.9 Cr | Added |
| ABB India Limited | 1.99% | down 0.27 pts | ₹105 Cr | down ₹3.9 Cr | Trimmed |
| Thermax Limited | 1.86% | up 0.23 pts | ₹98 Cr | up ₹19.6 Cr | Added |
| Pidilite Industries Limited | 1.83% | down 0.04 pts | ₹96.1 Cr | up ₹6.3 Cr | Added |
| Timken India Limited | 1.80% | down 0.05 pts | ₹94.6 Cr | up ₹5.6 Cr | Added |
| Divi's Laboratories Limited | 1.61% | down <0.01 pts | ₹84.5 Cr | up ₹7.2 Cr | Added |
| Britannia Industries Limited | 1.47% | down 0.05 pts | ₹77.3 Cr | up ₹4.1 Cr | Added |
| The Indian Hotels Company Limited | 1.46% | up 0.03 pts | ₹76.6 Cr | up ₹7.8 Cr | Added |
| Schaeffler India Limited | 1.45% | down 0.03 pts | ₹76.3 Cr | up ₹5.2 Cr | Added |
| Oberoi Realty Limited | 1.37% | up 0.10 pts | ₹72.1 Cr | up ₹10.8 Cr | Added |
| Page Industries Limited | 1.32% | down 0.16 pts | ₹69.5 Cr | down ₹1.7 Cr | Trimmed |
| ICICI Prudential Life Insurance Company Limited | 1.32% | down 0.11 pts | ₹69.4 Cr | up ₹58 L | Added |
| Sona BLW Precision Forgings Limited | 1.31% | up 0.17 pts | ₹69.2 Cr | up ₹14.3 Cr | Added |
| Kajaria Ceramics Limited | 1.27% | down 0.02 pts | ₹67.1 Cr | up ₹5 Cr | Added |
| FSN E-Commerce Ventures Limited | 1.24% | up 0.04 pts | ₹65.1 Cr | up ₹7.3 Cr | Added |
| Godrej Properties Limited | 1.20% | up 0.15 pts | ₹63.3 Cr | up ₹12.6 Cr | Added |
| Voltas Limited | 1.14% | up 0.03 pts | ₹60.1 Cr | up ₹6.6 Cr | Added |
| L&T Technology Services Limited | 1.14% | up 0.07 pts | ₹59.8 Cr | up ₹8.3 Cr | Added |
| Mankind Pharma Limited | 1.07% | up 0.02 pts | ₹56.2 Cr | up ₹6 Cr | Added |
| Dr. Lal Path Labs Limited | 1.06% | down 0.05 pts | ₹56.1 Cr | up ₹2.3 Cr | Added |
| Jubilant Foodworks Limited | 1.03% | up 0.01 pts | ₹54.4 Cr | up ₹5.1 Cr | Added |
| Honeywell Automation India Limited | 1.00% | up 0.07 pts | ₹52.8 Cr | up ₹8 Cr | Added |
| Berger Paints (I) Limited | 0.99% | up 0.05 pts | ₹52 Cr | up ₹6.9 Cr | Added |
| Colgate Palmolive (India) Limited | 0.82% | up 0.05 pts | ₹43.1 Cr | up ₹6.3 Cr | Added |
| 364 DAY T-BILL Debt | 0.09% | down 0.01 pts | ₹4.9 Cr | up ₹2 L | Held |
| Numero Uno International Ltd. | 0.00% | — | ₹0 L | — | Held |
| Jadoonet.Com | 0.00% | — | ₹0 L | — | Held |
What changed, Mar 2026 to Apr 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Bajaj Finance Limitedup ₹28.4 Cr (+0.24% pts)
- Hindalco Industries Limitedup ₹25.8 Cr (+0.22% pts)
- Siemens Limitedup ₹25.5 Cr (+0.33% pts)
- Axis Bank Limitedup ₹22.1 Cr (−0.01% pts)
- HDFC Bank Limitedup ₹21.6 Cr (−0.30% 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 Mar 2026, the weight rose most in Electrical Equipment (+0.3 pts) and Finance (+0.3 pts), and fell most in IT - Software (−0.8 pts) and Banks (−0.5 pts).
- Electrical Equipment5.8% → 6.1%+0.3 pts
- Finance3.6% → 3.8%+0.3 pts
- Realty2.4% → 2.6%+0.3 pts
- Non - Ferrous Metals3.1% → 3.4%+0.3 pts
- Consumer Durables6.1% → 6.3%+0.2 pts
- Auto Components2.7% → 2.8%+0.2 pts
- IT - Software7.8% → 7.1%−0.8 pts
- Banks30.0% → 29.5%−0.5 pts
- Textiles & Apparels1.5% → 1.4%−0.2 pts
- Automobiles8.9% → 8.7%−0.1 pts
- Insurance1.5% → 1.3%−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 | Apr 2023 | Apr 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Banks | 19.8% | 31.4% | 30.6% | 32.0% | 30.0% | 29.5% |
| Automobiles | 9.0% | 8.6% | 8.8% | 8.8% | 8.9% | 8.7% |
| IT - Software | 17.4% | 12.3% | 9.9% | 9.4% | 7.8% | 7.1% |
| Consumer Durables | 4.0% | 1.0% | 6.2% | 5.8% | 6.1% | 6.3% |
| Electrical Equipment | 3.1% | 5.0% | 4.5% | 4.6% | 5.8% | 6.1% |
| Construction | 4.8% | 4.5% | 4.7% | 4.8% | 4.8% | 4.8% |
| Finance | 9.8% | 3.0% | 2.5% | 3.6% | 3.6% | 3.8% |
| Cement & Cement Products | 4.0% | 3.8% | 3.5% | 3.8% | 3.4% | 3.4% |
| Non - Ferrous Metals | 1.9% | 2.0% | 2.5% | 3.0% | 3.1% | 3.4% |
| Auto Components | 2.8% | 2.4% | 2.5% | 2.5% | 2.7% | 2.8% |
Allocation in Apr 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, Apr 2026
2.3%
▲ 0.8 pts vs Mar 2026
- Cash alone
- 2.2%
- cash and net receivables
- A year earlier
- 3.1%
- Apr 2025 · now ▼ 0.8 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.