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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
₹5,841 Cr
up ₹239 Cr vs Jan 2026
- Stocks held
- 36
- down 1 vs Jan 2026
- Top 10 weight
- 42.4%
- of the portfolio in its ten largest
- Cash & debt
- 5.5%
- cash, money market and debt
- Moves this month
- 2 in · 3 out
- added to 10, trimmed 12
SBI MNC Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In February 2026 it disclosed 36 stocks worth ₹5,841 Cr, up ₹239 Cr from Jan 2026. Its largest positions were Vedanta Limited (6.1%), Divi's Laboratories Limited (5.3%), Britannia Industries Limited (5.1%); the ten largest together made up 42.4% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 19.3% of its equity. Cash and debt stood at 5.5%. Compared with Jan 2026 the fund entered 2 new stocks and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
31%
Holds more stocks than 31% of peers
Cash
76%
Holds more cash than 76% of peers
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.
- Weight
- 6.15%
- Δ weight
- up 0.07 pts
- Value
- ₹359 Cr
- Δ value
- up ₹18.4 Cr
- Status
- Added
- Weight
- 5.27%
- Δ weight
- up 0.08 pts
- Value
- ₹308 Cr
- Δ value
- up ₹17.2 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 5.21%
- Δ weight
- up 3.77 pts
- Value
- ₹304 Cr
- Δ value
- up ₹224 Cr
- Status
- Added
- Weight
- 5.14%
- Δ weight
- down 0.09 pts
- Value
- ₹300 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 4.19%
- Δ weight
- up 4.19 pts
- Value
- ₹245 Cr
- Δ value
- up ₹245 Cr
- Status
- New
- Weight
- 4.00%
- Δ weight
- down 1.08 pts
- Value
- ₹234 Cr
- Δ value
- down ₹50.9 Cr
- Status
- Trimmed
- Weight
- 3.96%
- Δ weight
- down 0.65 pts
- Value
- ₹231 Cr
- Δ value
- down ₹27.1 Cr
- Status
- Trimmed
- Weight
- 3.86%
- Δ weight
- up 0.09 pts
- Value
- ₹225 Cr
- Δ value
- up ₹14 Cr
- Status
- Added
- Weight
- 3.29%
- Δ weight
- up 0.11 pts
- Value
- ₹192 Cr
- Δ value
- up ₹13.9 Cr
- Status
- Added
- Weight
- 3.27%
- Δ weight
- up 1.21 pts
- Value
- ₹191 Cr
- Δ value
- up ₹75.8 Cr
- Status
- Added
- Weight
- 3.25%
- Δ weight
- down 0.10 pts
- Value
- ₹190 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 3.18%
- Δ weight
- down 0.99 pts
- Value
- ₹186 Cr
- Δ value
- down ₹47.9 Cr
- Status
- Trimmed
- Weight
- 3.13%
- Δ weight
- down 0.51 pts
- Value
- ₹183 Cr
- Δ value
- down ₹21.1 Cr
- Status
- Trimmed
- Weight
- 3.07%
- Δ weight
- up 0.06 pts
- Value
- ₹179 Cr
- Δ value
- up ₹10.6 Cr
- Status
- Added
- Weight
- 3.00%
- Δ weight
- down 0.05 pts
- Value
- ₹175 Cr
- Δ value
- up ₹4.4 Cr
- Status
- Added
- Weight
- 2.99%
- Δ weight
- up 0.19 pts
- Value
- ₹174 Cr
- Δ value
- up ₹17.7 Cr
- Status
- Added
- Weight
- 2.97%
- Δ weight
- up 0.41 pts
- Value
- ₹174 Cr
- Δ value
- up ₹30.1 Cr
- Status
- Added
- Weight
- 2.93%
- Δ weight
- up 0.16 pts
- Value
- ₹171 Cr
- Δ value
- up ₹15.9 Cr
- Status
- Added
- Weight
- 2.85%
- Δ weight
- up 0.09 pts
- Value
- ₹166 Cr
- Δ value
- up ₹11.9 Cr
- Status
- Added
- Weight
- 2.81%
- Δ weight
- up 0.10 pts
- Value
- ₹164 Cr
- Δ value
- up ₹12.3 Cr
- Status
- Added
- Weight
- 2.68%
- Δ weight
- down 0.83 pts
- Value
- ₹156 Cr
- Δ value
- down ₹40.1 Cr
- Status
- Trimmed
- Weight
- 2.40%
- Δ weight
- up 0.48 pts
- Value
- ₹140 Cr
- Δ value
- up ₹32.4 Cr
- Status
- Added
- Weight
- 2.28%
- Δ weight
- up 0.27 pts
- Value
- ₹133 Cr
- Δ value
- up ₹20.4 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- up 0.09 pts
- Value
- ₹120 Cr
- Δ value
- up ₹10.2 Cr
- Status
- Added
- Weight
- 2.04%
- Δ weight
- down 0.91 pts
- Value
- ₹119 Cr
- Δ value
- down ₹46 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- down 0.34 pts
- Value
- ₹115 Cr
- Δ value
- down ₹14.1 Cr
- Status
- Trimmed
- Weight
- 1.81%
- Δ weight
- up 0.05 pts
- Value
- ₹105 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 1.77%
- Δ weight
- up 0.28 pts
- Value
- ₹104 Cr
- Δ value
- up ₹19.9 Cr
- Status
- Added
- Weight
- 1.69%
- Δ weight
- down 0.77 pts
- Value
- ₹98.5 Cr
- Δ value
- down ₹39 Cr
- Status
- Trimmed
- Weight
- 1.49%
- Δ weight
- up 0.17 pts
- Value
- ₹86.8 Cr
- Δ value
- up ₹13.3 Cr
- Status
- Added
- Weight
- 1.26%
- Δ weight
- down 0.28 pts
- Value
- ₹73.5 Cr
- Δ value
- down ₹12.6 Cr
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- down 0.32 pts
- Value
- ₹70.3 Cr
- Δ value
- down ₹14.8 Cr
- Status
- Trimmed
- Weight
- 0.79%
- Δ weight
- up 0.09 pts
- Value
- ₹46.1 Cr
- Δ value
- up ₹7.2 Cr
- Status
- Added
- Weight
- 0.59%
- Δ weight
- up <0.01 pts
- Value
- ₹34.2 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 0.58%
- Δ weight
- up 0.58 pts
- Value
- ₹33.7 Cr
- Δ value
- up ₹33.7 Cr
- Status
- New
- Weight
- 0.53%
- Δ weight
- down 0.15 pts
- Value
- ₹31 Cr
- Δ value
- down ₹7.1 Cr
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.33%
- Δ weight
- down 0.01 pts
- Value
- ₹19.2 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 0.02%
- Δ weight
- down 0.84 pts
- Value
- ₹1.3 Cr
- Δ value
- down ₹47 Cr
- Status
- Trimmed
What changed, Jan 2026 to Feb 2026
New New positions (2)
- Cummins India Limited4.2% · ₹245 Cr
- Ashok Leyland Limited0.6% · ₹33.7 Cr
Exited Exited (3)
- ESAB India Ltd.was 2.5% · ₹139 Cr
- Infosys Limitedwas 2.1% · ₹115 Cr
- Kwality Walls (India) Limitedwas 0.1% · ₹5.6 Cr
Added Biggest additions
- Bharat Forge Limitedup ₹75.8 Cr (+1.21% pts)
- Anthem Biosciences Limited
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 Industrial Products (+3.7 pts) and Agricultural, Commercial & Construction Vehicles (+0.6 pts), and fell most in IT - Software (−2.1 pts) and Textiles & Apparels (−1.4 pts).
- Industrial Products8.8% → 12.5%+3.7 pts
- Agricultural, Commercial & Construction Vehicles0.0% → 0.6%new+0.6 pts
- Pharmaceuticals & Biotechnology19.0% → 19.3%+0.4 pts
- Industrial Capital Goods1.5% → 1.9%+0.4 pts
- Diversified Metals6.2% → 6.5%+0.3 pts
- Electrical Equipment2.8% → 3.1%+0.3 pts
- IT - Software2.1% → 0.0%exited−2.1 pts
- Textiles & Apparels6.1% → 4.6%−1.4 pts
- Diversified FMCG5.2% → 4.2%−0.9 pts
- Automobiles4.2% → 3.4%−0.9 pts
- Chemicals & Petrochemicals12.1% → 11.7%−0.4 pts
- Agricultural Food & Other Products3.7% → 3.3%−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 | Feb 2023 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 10.2% | 16.3% | 19.2% | 20.1% | 19.0% | 19.3% |
| Auto Components | 8.2% | 7.5% | 9.9% | 11.5% | 12.4% | 12.5% |
| Industrial Products | 16.0% | 11.0% | 9.2% | 7.8% | 8.8% | 12.5% |
| Chemicals & Petrochemicals | 4.9% | 4.7% | 9.0% | 9.9% | 12.1% | 11.7% |
| Diversified Metals | — | — | — | — | 6.2% | 6.5% |
| Food Products | 1.1% | 3.2% | 5.0% | 4.0% | 5.4% | 5.4% |
| Textiles & Apparels | 5.6% | 8.5% | 7.4% | 8.0% | 6.1% | 4.6% |
| Diversified FMCG | 7.7% | 5.5% | 7.3% | 6.3% | 5.2% | 4.2% |
| Personal Products | 8.7% | 9.4% | 3.2% | 2.9% | 3.8% | 4.1% |
| Automobiles | 10.7% | 8.7% | 7.0% | 8.7% | 4.2% | 3.4% |
Allocation in Feb 2026change vs Jan 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.
Cash & debt, Feb 2026
5.5%
▲ 3.8 pts vs Jan 2026
- Cash alone
- 5.2%
- cash and net receivables
- A year earlier
- 3.6%
- Feb 2025 · now ▲ 1.9 pts
- Last 12 months
- 1.3% – 5.5%
- 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.