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Sectoral / Thematic · SBI Mutual Fund · AMFI code 103034SBI MNC Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹5,829 Cr
down ₹167 Cr vs Nov 2025
- Stocks held
- 36
- unchanged
- Top 10 weight
- 46.1%
- of the portfolio in its ten largest
- Cash & debt
- 1.3%
- cash, money market and debt
- Moves this month
- 2 in · 2 out
- added to 10, trimmed 22
SBI MNC Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In December 2025 it disclosed 36 stocks worth ₹5,829 Cr, down ₹167 Cr from Nov 2025. Its largest positions were Maruti Suzuki India Limited (7.2%), Divi's Laboratories Limited (5.7%), Hindustan Unilever Limited (5.6%); the ten largest together made up 46.1% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 20.0% of its equity. Cash and debt stood at 1.3%. Compared with Nov 2025 the fund entered 2 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
50%
Top-10 weight is higher than 50% of peers
Breadth
31%
Holds more stocks than 31% of peers
Cash
15%
Holds more cash than 15% of peers
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 7.16%
- Δ weight
- up <0.01 pts
- Value
- ₹417 Cr
- Δ value
- down ₹11.9 Cr
- Status
- Trimmed
- Weight
- 5.70%
- Δ weight
- up 0.09 pts
- Value
- ₹332 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 5.56%
- Δ weight
- down 0.61 pts
- Value
- ₹324 Cr
- Δ value
- down ₹45.8 Cr
- Status
- Trimmed
- Weight
- 5.17%
- Δ weight
- up 1.27 pts
- Value
- ₹302 Cr
- Δ value
- up ₹67.7 Cr
- Status
- Added
- Weight
- 4.57%
- Δ weight
- up 0.04 pts
- Value
- ₹267 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 3.89%
- Δ weight
- down 0.17 pts
- Value
- ₹227 Cr
- Δ value
- down ₹16.5 Cr
- Status
- Trimmed
- Weight
- 3.73%
- Δ weight
- down 0.28 pts
- Value
- ₹218 Cr
- Δ value
- down ₹22.9 Cr
- Status
- Trimmed
- Weight
- 3.59%
- Δ weight
- up 0.08 pts
- Value
- ₹209 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 3.56%
- Δ weight
- down 0.77 pts
- Value
- ₹208 Cr
- Δ value
- down ₹51.9 Cr
- Status
- Trimmed
- Weight
- 3.19%
- Δ weight
- up 0.44 pts
- Value
- ₹186 Cr
- Δ value
- up ₹20.9 Cr
- Status
- Added
- Weight
- 3.15%
- Δ weight
- down 0.15 pts
- Value
- ₹184 Cr
- Δ value
- down ₹14 Cr
- Status
- Trimmed
- Weight
- 2.96%
- Δ weight
- down 0.11 pts
- Value
- ₹173 Cr
- Δ value
- down ₹11.6 Cr
- Status
- Trimmed
- Weight
- 2.95%
- Δ weight
- down 0.10 pts
- Value
- ₹172 Cr
- Δ value
- down ₹11.2 Cr
- Status
- Trimmed
- Weight
- 2.85%
- Δ weight
- down 0.04 pts
- Value
- ₹166 Cr
- Δ value
- down ₹7.4 Cr
- Status
- Trimmed
- Weight
- 2.84%
- Δ weight
- up 0.17 pts
- Value
- ₹166 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 2.81%
- Δ weight
- down 0.14 pts
- Value
- ₹164 Cr
- Δ value
- down ₹12.9 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up 0.09 pts
- Value
- ₹156 Cr
- Δ value
- up ₹85 L
- Status
- Added
- Weight
- 2.61%
- Δ weight
- up 0.33 pts
- Value
- ₹152 Cr
- Δ value
- up ₹15.2 Cr
- Status
- Added
- Weight
- 2.61%
- Δ weight
- up 0.25 pts
- Value
- ₹152 Cr
- Δ value
- up ₹10.8 Cr
- Status
- Added
- Weight
- 2.60%
- Δ weight
- up 1.55 pts
- Value
- ₹151 Cr
- Δ value
- up ₹88.4 Cr
- Status
- Added
- Weight
- 2.50%
- Δ weight
- down 0.03 pts
- Value
- ₹146 Cr
- Δ value
- down ₹6.2 Cr
- Status
- Trimmed
- Weight
- 2.37%
- Δ weight
- up 0.04 pts
- Value
- ₹138 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 2.29%
- Δ weight
- up 0.01 pts
- Value
- ₹133 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 2.17%
- Δ weight
- up 0.09 pts
- Value
- ₹127 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- up 0.12 pts
- Value
- ₹120 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 1.90%
- Δ weight
- up 0.10 pts
- Value
- ₹111 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 1.54%
- Δ weight
- down 0.03 pts
- Value
- ₹89.7 Cr
- Δ value
- down ₹4.3 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 0.10 pts
- Value
- ₹88.7 Cr
- Δ value
- down ₹8.3 Cr
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- up 0.08 pts
- Value
- ₹88.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.50%
- Δ weight
- down 0.02 pts
- Value
- ₹87.6 Cr
- Δ value
- down ₹3.7 Cr
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.03 pts
- Value
- ₹75.1 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.04 pts
- Value
- ₹74.2 Cr
- Δ value
- up ₹35 L
- Status
- Held
- Weight
- 1.02%
- Δ weight
- down 0.16 pts
- Value
- ₹59.7 Cr
- Δ value
- down ₹11.5 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.93%
- Δ weight
- down 0.26 pts
- Value
- ₹53.9 Cr
- Δ value
- down ₹17.2 Cr
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.03 pts
- Value
- ₹52.9 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up 0.57 pts
- Value
- ₹33.3 Cr
- Δ value
- up ₹33.3 Cr
- Status
- New
- 364 DAY T-BILLDebt
- Weight
- 0.33%
- Δ weight
- up 0.01 pts
- Value
- ₹19.1 Cr
- Δ value
- up ₹8 L
- Status
- Held
- Weight
- 0.10%
- Δ weight
- up 0.10 pts
- Value
- ₹5.6 Cr
- Δ value
- up ₹5.6 Cr
- Status
- New
What changed, Nov 2025 to Dec 2025
New New positions (2)
- Aequs Limited0.6% · ₹33.3 Cr
- Kwality Walls (India) Limited0.1% · ₹5.6 Cr
Exited Exited (2)
- Hyundai Motor India Ltdwas 1.4% · ₹83.7 Cr
- Nazara Technologies Limitedwas 1.0% · ₹61.3 Cr
Added Biggest additions
- Privi Speciality Chemicals Limitedup ₹88.4 Cr (+1.55% pts)
- Britannia Industries Limitedup ₹67.7 Cr (+1.27% 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 Nov 2025, the weight rose most in Chemicals & Petrochemicals (+1.7 pts) and Food Products (+1.4 pts), and fell most in Automobiles (−1.4 pts) and Entertainment (−1.0 pts).
- Chemicals & Petrochemicals9.9% → 11.7%+1.7 pts
- Food Products4.0% → 5.3%+1.4 pts
- Auto Components11.5% → 12.3%+0.8 pts
- Aerospace & Defense0.0% → 0.6%new+0.6 pts
- Industrial Products7.8% → 8.2%+0.4 pts
- Automobiles8.7% → 7.3%−1.4 pts
- Entertainment1.0% → 0.0%exited−1.0 pts
- Textiles & Apparels8.0% → 7.2%−0.7 pts
- Diversified FMCG6.3% → 5.6%−0.6 pts
- Agricultural Food & Other Products4.1% → 3.9%−0.2 pts
- Consumer Durables1.2% → 1.0%−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 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 14.6% | 18.1% | 19.6% | 20.1% | 20.0% |
| Auto Components | 7.1% | 10.0% | 9.5% | 11.5% | 12.3% |
| Chemicals & Petrochemicals | 4.3% | 6.0% | 9.0% | 9.9% | 11.7% |
| Industrial Products | 8.3% | 9.9% | 8.4% | 7.8% | 8.2% |
| Automobiles | 2.5% | 6.3% | 9.3% | 8.7% | 7.3% |
| Textiles & Apparels | 15.8% | 8.9% | 7.5% | 8.0% | 7.2% |
| Diversified FMCG | 2.8% | 4.9% | 7.0% | 6.3% | 5.6% |
| Food Products | 1.0% | 4.8% | 5.2% | 4.0% | 5.3% |
| Agricultural Food & Other Products | 5.1% | 4.2% | 3.7% | 4.1% | 3.9% |
| Electrical Equipment | — | 2.6% | 3.2% | 3.3% | 3.2% |
Allocation in Dec 2025change vs Nov 2025
- Pharmaceuticals & Biotechnology (7)20.0%▼ 0.2 pts
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, Dec 2025
1.3%
▼ 0.3 pts vs Nov 2025
- Cash alone
- 1.0%
- cash and net receivables
- A year earlier
- 4.4%
- Dec 2024 · now ▼ 3.1 pts
- Last 12 months
- 1.3% – 6.3%
- lowest to highest · record 16.8% in Mar 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.