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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
₹5,602 Cr
down ₹226 Cr vs Dec 2025
- Stocks held
- 37
- up 1 vs Dec 2025
- Top 10 weight
- 44.6%
- of the portfolio in its ten largest
- Cash & debt
- 1.8%
- cash, money market and debt
- Moves this month
- 2 in · 1 out
- added to 8, trimmed 25
SBI MNC Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In January 2026 it disclosed 37 stocks worth ₹5,602 Cr, down ₹226 Cr from Dec 2025. Its largest positions were Vedanta Limited (6.1%), Britannia Industries Limited (5.2%), Divi's Laboratories Limited (5.2%); the ten largest together made up 44.6% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 19.0% of its equity. Cash and debt stood at 1.8%. Compared with Dec 2025 the fund entered 2 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
45%
Top-10 weight is higher than 45% of peers
Breadth
34%
Holds more stocks than 34% of peers
Cash
28%
Holds more cash than 28% 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
- 6.08%
- Δ weight
- up 6.08 pts
- Value
- ₹341 Cr
- Δ value
- up ₹341 Cr
- Status
- New
- Weight
- 5.23%
- Δ weight
- up 0.06 pts
- Value
- ₹293 Cr
- Δ value
- down ₹8.5 Cr
- Status
- Trimmed
- Weight
- 5.18%
- Δ weight
- down 0.52 pts
- Value
- ₹290 Cr
- Δ value
- down ₹42 Cr
- Status
- Trimmed
- Weight
- 5.08%
- Δ weight
- down 0.48 pts
- Value
- ₹285 Cr
- Δ value
- down ₹39.5 Cr
- Status
- Trimmed
- Weight
- 4.61%
- Δ weight
- up 0.04 pts
- Value
- ₹259 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 4.17%
- Δ weight
- down 2.99 pts
- Value
- ₹234 Cr
- Δ value
- down ₹184 Cr
- Status
- Trimmed
- Weight
- 3.77%
- Δ weight
- up 0.92 pts
- Value
- ₹211 Cr
- Δ value
- up ₹45.4 Cr
- Status
- Added
- Weight
- 3.64%
- Δ weight
- down 0.25 pts
- Value
- ₹204 Cr
- Δ value
- down ₹22.8 Cr
- Status
- Trimmed
- Weight
- 3.51%
- Δ weight
- down 0.08 pts
- Value
- ₹196 Cr
- Δ value
- down ₹12.9 Cr
- Status
- Trimmed
- Weight
- 3.34%
- Δ weight
- up 0.15 pts
- Value
- ₹187 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 3.19%
- Δ weight
- up 0.22 pts
- Value
- ₹178 Cr
- Δ value
- up ₹5.9 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- up 0.20 pts
- Value
- ₹171 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 3.01%
- Δ weight
- up 0.65 pts
- Value
- ₹169 Cr
- Δ value
- up ₹30.9 Cr
- Status
- Added
- Weight
- 2.95%
- Δ weight
- down 0.78 pts
- Value
- ₹165 Cr
- Δ value
- down ₹52.3 Cr
- Status
- Trimmed
- Weight
- 2.80%
- Δ weight
- up 0.18 pts
- Value
- ₹157 Cr
- Δ value
- up ₹4.3 Cr
- Status
- Added
- Weight
- 2.77%
- Δ weight
- down 0.39 pts
- Value
- ₹155 Cr
- Δ value
- down ₹28.7 Cr
- Status
- Trimmed
- Weight
- 2.75%
- Δ weight
- up 0.07 pts
- Value
- ₹154 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- up 0.11 pts
- Value
- ₹152 Cr
- Δ value
- up ₹45 L
- Status
- Held
- Weight
- 2.56%
- Δ weight
- down 0.39 pts
- Value
- ₹144 Cr
- Δ value
- down ₹28.4 Cr
- Status
- Trimmed
- Weight
- 2.49%
- Δ weight
- down 0.13 pts
- Value
- ₹139 Cr
- Δ value
- down ₹13 Cr
- Status
- Trimmed
- Weight
- 2.45%
- Δ weight
- down 1.11 pts
- Value
- ₹138 Cr
- Δ value
- down ₹70.3 Cr
- Status
- Trimmed
- Weight
- 2.31%
- Δ weight
- up 0.13 pts
- Value
- ₹129 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- up 0.54 pts
- Value
- ₹115 Cr
- Δ value
- up ₹27.1 Cr
- Status
- Added
- Weight
- 2.05%
- Δ weight
- down 0.24 pts
- Value
- ₹115 Cr
- Δ value
- down ₹18.4 Cr
- Status
- Trimmed
- Weight
- 2.02%
- Δ weight
- down 0.04 pts
- Value
- ₹113 Cr
- Δ value
- down ₹7 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- down 0.54 pts
- Value
- ₹110 Cr
- Δ value
- down ₹35.8 Cr
- Status
- Trimmed
- Weight
- 1.93%
- Δ weight
- up 0.03 pts
- Value
- ₹108 Cr
- Δ value
- down ₹2.9 Cr
- Status
- Trimmed
- Weight
- 1.76%
- Δ weight
- up 1.76 pts
- Value
- ₹98.4 Cr
- Δ value
- up ₹98.4 Cr
- Status
- New
- Weight
- 1.54%
- Δ weight
- up 0.03 pts
- Value
- ₹86.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down <0.01 pts
- Value
- ₹85.2 Cr
- Δ value
- down ₹3.5 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- down 0.05 pts
- Value
- ₹83.7 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 1.44%
- Δ weight
- up 0.51 pts
- Value
- ₹80.6 Cr
- Δ value
- up ₹26.7 Cr
- Status
- Added
- Weight
- 1.31%
- Δ weight
- up 0.02 pts
- Value
- ₹73.5 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- down 0.41 pts
- Value
- ₹48.3 Cr
- Δ value
- down ₹25.9 Cr
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- down 0.33 pts
- Value
- ₹38.9 Cr
- Δ value
- down ₹20.8 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- down 0.23 pts
- Value
- ₹38.1 Cr
- Δ value
- down ₹14.7 Cr
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- up 0.01 pts
- Value
- ₹32.8 Cr
- Δ value
- down ₹51 L
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.34%
- Δ weight
- up 0.01 pts
- Value
- ₹19.1 Cr
- Δ value
- up ₹6 L
- Status
- Held
- Weight
- 0.10%
- Δ weight
- up <0.01 pts
- Value
- ₹5.6 Cr
- Δ value
- —
- Status
- Held
What changed, Dec 2025 to Jan 2026
New New positions (2)
- Vedanta Limited6.1% · ₹341 Cr
- Amagi Media Labs Ltd.1.8% · ₹98.4 Cr
Exited Exited (1)
- Honeywell Automation India Limitedwas 2.8% · ₹164 Cr
Added Biggest additions
- Colgate Palmolive (India) Limitedup ₹45.4 Cr (+0.92% pts)
- Biocon Limitedup ₹30.9 Cr (+0.65% pts)
- Bharat Forge Limitedup ₹27.1 Cr (+0.54% 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 Diversified Metals (+6.2 pts) and IT - Services (+1.8 pts), and fell most in Automobiles (−3.0 pts) and Industrial Manufacturing (−2.8 pts).
- Diversified Metals0.0% → 6.2%new+6.2 pts
- IT - Services0.0% → 1.8%new+1.8 pts
- Personal Products2.9% → 3.8%+1.0 pts
- Industrial Products8.2% → 8.8%+0.6 pts
- Chemicals & Petrochemicals11.7% → 12.1%+0.5 pts
- Auto Components12.3% → 12.4%+0.2 pts
- Automobiles7.3% → 4.2%−3.0 pts
- Industrial Manufacturing2.8% → 0.0%exited−2.8 pts
- Textiles & Apparels7.2% → 6.1%−1.2 pts
- Pharmaceuticals & Biotechnology20.0% → 19.0%−1.0 pts
- Beverages2.5% → 2.0%−0.5 pts
- Diversified FMCG5.6% → 5.2%−0.5 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 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 10.6% | 15.4% | 20.1% | 20.4% | 20.0% | 19.0% |
| Auto Components | 7.8% | 7.6% | 10.1% | 8.9% | 12.3% | 12.4% |
| Chemicals & Petrochemicals | 5.0% | 4.3% | 7.1% | 9.5% | 11.7% | 12.1% |
| Industrial Products | 17.1% | 9.9% | 10.0% | 7.9% | 8.2% | 8.8% |
| Diversified Metals | — | — | — | — | — | 6.2% |
| Textiles & Apparels | 4.3% | 9.1% | 8.8% | 7.9% | 7.2% | 6.1% |
| Food Products | 1.2% | 2.9% | 4.8% | 5.0% | 5.3% | 5.4% |
| Diversified FMCG | 8.1% | 5.8% | 5.6% | 6.8% | 5.6% | 5.2% |
| Automobiles | 10.9% | 8.4% | 4.8% | 9.2% | 7.3% | 4.2% |
| Personal Products | 8.4% | 9.8% | 4.7% | 3.1% | 2.9% | 3.8% |
Allocation in Jan 2026change vs Dec 2025
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
1.8%
▲ 0.5 pts vs Dec 2025
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 6.3%
- Jan 2025 · now ▼ 4.5 pts
- Last 12 months
- 1.3% – 5.1%
- 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.