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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
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.
- Weight
- 8.34%
- Δ weight
- down 0.35 pts
- Value
- ₹2,656 Cr
- Δ value
- down ₹177 Cr
- Status
- Trimmed
- Weight
- 4.94%
- Δ weight
- down 0.49 pts
- Value
- ₹1,573 Cr
- Δ value
- down ₹197 Cr
- Status
- Trimmed
- Weight
- 4.29%
- Δ weight
- up 1.77 pts
- Value
- ₹1,367 Cr
- Δ value
- up ₹545 Cr
- Status
- Added
- Weight
- 4.19%
- Δ weight
- up 1.73 pts
- Value
- ₹1,336 Cr
- Δ value
- up ₹533 Cr
- Status
- Added
- Weight
- 4.17%
- Δ weight
- up 1.36 pts
- Value
- ₹1,329 Cr
- Δ value
- up ₹412 Cr
- Status
- Added
- Weight
- 3.76%
- Δ weight
- up 0.33 pts
- Value
- ₹1,197 Cr
- Δ value
- up ₹80.9 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 3.68%
- Δ weight
- down 4.15 pts
- Value
- ₹1,173 Cr
- Δ value
- down ₹1,379 Cr
- Status
- Trimmed
- Weight
- 3.64%
- Δ weight
- up 0.58 pts
- Value
- ₹1,159 Cr
- Δ value
- up ₹163 Cr
- Status
- Added
- Weight
- 2.71%
- Δ weight
- down 0.15 pts
- Value
- ₹863 Cr
- Δ value
- down ₹69.8 Cr
- Status
- Trimmed
- Weight
- 2.61%
- Δ weight
- up 1.09 pts
- Value
- ₹832 Cr
- Δ value
- up ₹336 Cr
- Status
- Added
- Weight
- 2.53%
- Δ weight
- down 0.29 pts
- Value
- ₹807 Cr
- Δ value
- down ₹114 Cr
- Status
- Trimmed
- Weight
- 2.49%
- Δ weight
- down 0.12 pts
- Value
- ₹792 Cr
- Δ value
- down ₹57.9 Cr
- Status
- Trimmed
- Weight
- 2.44%
- Δ weight
- up 0.20 pts
- Value
- ₹779 Cr
- Δ value
- up ₹45.4 Cr
- Status
- Added
- Weight
- 2.07%
- Δ weight
- up 0.22 pts
- Value
- ₹659 Cr
- Δ value
- up ₹57.5 Cr
- Status
- Added
- Weight
- 1.89%
- Δ weight
- down 0.09 pts
- Value
- ₹603 Cr
- Δ value
- down ₹41.9 Cr
- Status
- Trimmed
- Weight
- 1.86%
- Δ weight
- up 0.03 pts
- Value
- ₹592 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 1.82%
- Δ weight
- up 0.08 pts
- Value
- ₹579 Cr
- Δ value
- up ₹11.6 Cr
- Status
- Added
- Weight
- 1.64%
- Δ weight
- down 0.15 pts
- Value
- ₹523 Cr
- Δ value
- down ₹60.8 Cr
- Status
- Trimmed
- Weight
- 1.50%
- Δ weight
- up 0.15 pts
- Value
- ₹476 Cr
- Δ value
- up ₹37.6 Cr
- Status
- Added
- Weight
- 1.48%
- Δ weight
- down 0.04 pts
- Value
- ₹472 Cr
- Δ value
- down ₹25.2 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- down <0.01 pts
- Value
- ₹469 Cr
- Δ value
- down ₹12.3 Cr
- Status
- Trimmed
- Weight
- 1.44%
- Δ weight
- up 0.18 pts
- Value
- ₹457 Cr
- Δ value
- up ₹48.6 Cr
- Status
- Added
- Weight
- 1.39%
- Δ weight
- down 0.01 pts
- Value
- ₹443 Cr
- Δ value
- down ₹12.9 Cr
- Status
- Trimmed
- Weight
- 1.38%
- Δ weight
- down 0.03 pts
- Value
- ₹440 Cr
- Δ value
- down ₹21.7 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.13 pts
- Value
- ₹404 Cr
- Δ value
- up ₹34.3 Cr
- Status
- Added
- Weight
- 1.21%
- Δ weight
- down 0.14 pts
- Value
- ₹386 Cr
- Δ value
- down ₹54.3 Cr
- Status
- Trimmed
- Weight
- 1.19%
- Δ weight
- up 1.19 pts
- Value
- ₹379 Cr
- Δ value
- up ₹379 Cr
- Status
- New
- Weight
- 1.19%
- Δ weight
- down 0.16 pts
- Value
- ₹379 Cr
- Δ value
- down ₹61.4 Cr
- Status
- Trimmed
- Weight
- 1.18%
- Δ weight
- down 0.09 pts
- Value
- ₹377 Cr
- Δ value
- down ₹36.8 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.13 pts
- Value
- ₹366 Cr
- Δ value
- up ₹34.4 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- down 0.24 pts
- Value
- ₹355 Cr
- Δ value
- down ₹87.6 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 0.01 pts
- Value
- ₹349 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 1.06%
- Δ weight
- down <0.01 pts
- Value
- ₹337 Cr
- Δ value
- down ₹8 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.04 pts
- Value
- ₹330 Cr
- Δ value
- up ₹6.4 Cr
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.05 pts
- Value
- ₹330 Cr
- Δ value
- down ₹24.5 Cr
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- down 0.30 pts
- Value
- ₹324 Cr
- Δ value
- down ₹105 Cr
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.12 pts
- Value
- ₹312 Cr
- Δ value
- up ₹31.7 Cr
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.01 pts
- Value
- ₹295 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.33 pts
- Value
- ₹288 Cr
- Δ value
- down ₹113 Cr
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.02 pts
- Value
- ₹280 Cr
- Δ value
- down ₹13.8 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- up 0.05 pts
- Value
- ₹256 Cr
- Δ value
- up ₹11.5 Cr
- Status
- Added
- Weight
- 0.80%
- Δ weight
- down 0.04 pts
- Value
- ₹255 Cr
- Δ value
- down ₹19.1 Cr
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- up 0.03 pts
- Value
- ₹238 Cr
- Δ value
- up ₹3.3 Cr
- Status
- Added
- Weight
- 0.75%
- Δ weight
- up <0.01 pts
- Value
- ₹238 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 0.72%
- Δ weight
- down 0.03 pts
- Value
- ₹231 Cr
- Δ value
- down ₹13.6 Cr
- Status
- Trimmed
- Weight
- 0.67%
- Δ weight
- down 0.07 pts
- Value
- ₹214 Cr
- Δ value
- down ₹27 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 2.00 pts
- Value
- ₹207 Cr
- Δ value
- down ₹656 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- down 0.01 pts
- Value
- ₹194 Cr
- Δ value
- down ₹7.1 Cr
- Status
- Trimmed
- Weight
- 0.56%
- Δ weight
- down 0.04 pts
- Value
- ₹179 Cr
- Δ value
- down ₹18.7 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- up 0.02 pts
- Value
- ₹175 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 0.54%
- Δ weight
- down 0.01 pts
- Value
- ₹173 Cr
- Δ value
- down ₹8.7 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- down 0.03 pts
- Value
- ₹158 Cr
- Δ value
- down ₹12.3 Cr
- Status
- Trimmed
- Weight
- 0.48%
- Δ weight
- down 0.03 pts
- Value
- ₹152 Cr
- Δ value
- down ₹11.9 Cr
- Status
- Trimmed
- Weight
- 0.47%
- Δ weight
- up 0.47 pts
- Value
- ₹150 Cr
- Δ value
- up ₹150 Cr
- Status
- New
- Weight
- 0.47%
- Δ weight
- up 0.47 pts
- Value
- ₹149 Cr
- Δ value
- up ₹149 Cr
- Status
- New
- Weight
- 0.47%
- Δ weight
- down 0.05 pts
- Value
- ₹149 Cr
- Δ value
- down ₹18.5 Cr
- Status
- Trimmed
- Weight
- 0.46%
- Δ weight
- down 0.06 pts
- Value
- ₹148 Cr
- Δ value
- down ₹23.5 Cr
- Status
- Trimmed
- Weight
- 0.45%
- Δ weight
- up 0.01 pts
- Value
- ₹142 Cr
- Δ value
- down ₹77 L
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- down 0.01 pts
- Value
- ₹133 Cr
- Δ value
- down ₹5.4 Cr
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- up 0.01 pts
- Value
- ₹132 Cr
- Δ value
- down ₹79 L
- Status
- Trimmed
- Weight
- 0.41%
- Δ weight
- down <0.01 pts
- Value
- ₹130 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 0.40%
- Δ weight
- up 0.03 pts
- Value
- ₹127 Cr
- Δ value
- up ₹5.6 Cr
- Status
- Added
- Weight
- 0.40%
- Δ weight
- down 0.02 pts
- Value
- ₹126 Cr
- Δ value
- down ₹9.2 Cr
- Status
- Trimmed
- Weight
- 0.38%
- Δ weight
- down 0.87 pts
- Value
- ₹122 Cr
- Δ value
- down ₹287 Cr
- Status
- Trimmed
- Weight
- 0.30%
- Δ weight
- up 0.01 pts
- Value
- ₹96.7 Cr
- Δ value
- down ₹35 L
- Status
- Held
- Weight
- 0.30%
- Δ weight
- up 0.01 pts
- Value
- ₹94.8 Cr
- Δ value
- down ₹18 L
- Status
- Held
- Weight
- 0.27%
- Δ weight
- down 0.01 pts
- Value
- ₹86.4 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 0.26%
- Δ weight
- down 0.01 pts
- Value
- ₹83.1 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 0.20%
- Δ weight
- down 0.01 pts
- Value
- ₹62.8 Cr
- Δ value
- down ₹4 Cr
- Status
- Trimmed
- Weight
- 0.19%
- Δ weight
- up <0.01 pts
- Value
- ₹59.5 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.15%
- Δ weight
- up <0.01 pts
- Value
- ₹47.7 Cr
- Δ value
- down ₹100 L
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.12%
- Δ weight
- up <0.01 pts
- Value
- ₹38.3 Cr
- Δ value
- up ₹12 L
- Status
- Held
- Weight
- 0.08%
- Δ weight
- up 0.01 pts
- Value
- ₹24.7 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 0.07%
- Δ weight
- down <0.01 pts
- Value
- ₹21 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- up 0.01 pts
- Value
- ₹4.4 Cr
- Δ value
- up ₹4.4 Cr
- Status
- New
- Weight
- 0.00%
- Δ weight
- —
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
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.
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.