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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
₹5,329 Cr
down ₹512 Cr vs Feb 2026
- Stocks held
- 38
- up 2 vs Feb 2026
- Top 10 weight
- 40.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.6%
- cash, money market and debt
- Moves this month
- 3 in · 1 out
- added to 6, trimmed 28
SBI MNC Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In March 2026 it disclosed 38 stocks worth ₹5,329 Cr, down ₹512 Cr from Feb 2026. Its largest positions were Vedanta Limited (6.9%), Cummins India Limited (5.1%), Divi's Laboratories Limited (5.0%); the ten largest together made up 40.9% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 20.8% of its equity. Cash and debt stood at 1.6%. Compared with Feb 2026 the fund entered 3 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
37%
Top-10 weight is higher than 37% of peers
Breadth
38%
Holds more stocks than 38% of peers
Cash
25%
Holds more cash than 25% of peers
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.88%
- Δ weight
- up 0.73 pts
- Value
- ₹367 Cr
- Δ value
- up ₹7.5 Cr
- Status
- Added
- Weight
- 5.07%
- Δ weight
- up 0.87 pts
- Value
- ₹270 Cr
- Δ value
- up ₹25.1 Cr
- Status
- Added
- Weight
- 5.02%
- Δ weight
- down 0.24 pts
- Value
- ₹268 Cr
- Δ value
- down ₹40 Cr
- Status
- Trimmed
- Weight
- 4.31%
- Δ weight
- up 0.35 pts
- Value
- ₹230 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 3.42%
- Δ weight
- up 0.29 pts
- Value
- ₹182 Cr
- Δ value
- down ₹48 L
- Status
- Held
- Weight
- 3.30%
- Δ weight
- up 0.32 pts
- Value
- ₹176 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 3.25%
- Δ weight
- down 0.04 pts
- Value
- ₹173 Cr
- Δ value
- down ₹19.1 Cr
- Status
- Trimmed
- Weight
- 3.24%
- Δ weight
- up 0.24 pts
- Value
- ₹173 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 3.23%
- Δ weight
- down 0.02 pts
- Value
- ₹172 Cr
- Δ value
- down ₹17.5 Cr
- Status
- Trimmed
- Weight
- 3.14%
- Δ weight
- down 0.13 pts
- Value
- ₹167 Cr
- Δ value
- down ₹23.7 Cr
- Status
- Trimmed
- Weight
- 3.12%
- Δ weight
- up 0.05 pts
- Value
- ₹166 Cr
- Δ value
- down ₹13.3 Cr
- Status
- Trimmed
- Weight
- 3.05%
- Δ weight
- down 2.09 pts
- Value
- ₹163 Cr
- Δ value
- down ₹137 Cr
- Status
- Trimmed
- Weight
- 2.91%
- Δ weight
- up 0.51 pts
- Value
- ₹155 Cr
- Δ value
- up ₹14.8 Cr
- Status
- Added
- Weight
- 2.90%
- Δ weight
- down 0.09 pts
- Value
- ₹155 Cr
- Δ value
- down ₹19.9 Cr
- Status
- Trimmed
- Weight
- 2.81%
- Δ weight
- down <0.01 pts
- Value
- ₹150 Cr
- Δ value
- down ₹14.5 Cr
- Status
- Trimmed
- Weight
- 2.80%
- Δ weight
- down 1.06 pts
- Value
- ₹149 Cr
- Δ value
- down ₹76 Cr
- Status
- Trimmed
- Weight
- 2.79%
- Δ weight
- up 2.79 pts
- Value
- ₹149 Cr
- Δ value
- up ₹149 Cr
- Status
- New
- Weight
- 2.77%
- Δ weight
- down 0.41 pts
- Value
- ₹148 Cr
- Δ value
- down ₹38 Cr
- Status
- Trimmed
- Weight
- 2.75%
- Δ weight
- down 0.17 pts
- Value
- ₹147 Cr
- Δ value
- down ₹24.2 Cr
- Status
- Trimmed
- Weight
- 2.70%
- Δ weight
- down 1.30 pts
- Value
- ₹144 Cr
- Δ value
- down ₹89.9 Cr
- Status
- Trimmed
- Weight
- 2.68%
- Δ weight
- up <0.01 pts
- Value
- ₹143 Cr
- Δ value
- down ₹13.6 Cr
- Status
- Trimmed
- Weight
- 2.54%
- Δ weight
- down 0.31 pts
- Value
- ₹135 Cr
- Δ value
- down ₹30.9 Cr
- Status
- Trimmed
- Weight
- 2.17%
- Δ weight
- up 0.20 pts
- Value
- ₹116 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 2.02%
- Δ weight
- down 0.04 pts
- Value
- ₹108 Cr
- Δ value
- down ₹12.6 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- down 0.31 pts
- Value
- ₹105 Cr
- Δ value
- down ₹28.3 Cr
- Status
- Trimmed
- Weight
- 1.95%
- Δ weight
- down 0.10 pts
- Value
- ₹104 Cr
- Δ value
- down ₹15.7 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 1.16 pts
- Value
- ₹92.5 Cr
- Δ value
- up ₹58.8 Cr
- Status
- Added
- Weight
- 1.71%
- Δ weight
- down 0.09 pts
- Value
- ₹91.3 Cr
- Δ value
- down ₹14.2 Cr
- Status
- Trimmed
- Weight
- 1.66%
- Δ weight
- down 0.11 pts
- Value
- ₹88.7 Cr
- Δ value
- down ₹14.9 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.05 pts
- Value
- ₹87 Cr
- Δ value
- down ₹11.5 Cr
- Status
- Trimmed
- Weight
- 1.54%
- Δ weight
- up 0.06 pts
- Value
- ₹82.1 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- up 1.51 pts
- Value
- ₹80.4 Cr
- Δ value
- up ₹80.4 Cr
- Status
- New
- Weight
- 1.47%
- Δ weight
- up 1.47 pts
- Value
- ₹78.3 Cr
- Δ value
- up ₹78.3 Cr
- Status
- New
- Weight
- 1.25%
- Δ weight
- up 0.05 pts
- Value
- ₹66.7 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 1.24%
- Δ weight
- down 3.97 pts
- Value
- ₹66.3 Cr
- Δ value
- down ₹238 Cr
- Status
- Trimmed
- Weight
- 1.23%
- Δ weight
- down 0.03 pts
- Value
- ₹65.6 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- down 0.05 pts
- Value
- ₹39.5 Cr
- Δ value
- down ₹6.6 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- up 0.04 pts
- Value
- ₹30.1 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- down 0.04 pts
- Value
- ₹29 Cr
- Δ value
- down ₹5.2 Cr
- Status
- Trimmed
- 364 DAY T-BILLDebt
- Weight
- 0.36%
- Δ weight
- up 0.03 pts
- Value
- ₹19.3 Cr
- Δ value
- up ₹8 L
- Status
- Held
What changed, Feb 2026 to Mar 2026
New New positions (3)
- ABB India Limited2.8% · ₹149 Cr
- Aster DM Healthcare Limited1.5% · ₹80.4 Cr
- Aurobindo Pharma Limited1.5% · ₹78.3 Cr
Exited Exited (1)
- Balkrishna Industries Limitedwas <0.1% · ₹1.3 Cr
Added Biggest additions
- Ashok Leyland Limitedup ₹58.8 Cr (+1.16% pts)
- Cummins India Limitedup ₹25.1 Cr (+0.87% 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 Feb 2026, the weight rose most in Electrical Equipment (+2.5 pts) and Healthcare Services (+1.5 pts), and fell most in Food Products (−2.3 pts) and Diversified FMCG (−1.5 pts).
- Electrical Equipment3.1% → 5.6%+2.5 pts
- Healthcare Services0.0% → 1.5%new+1.5 pts
- Pharmaceuticals & Biotechnology19.3% → 20.8%+1.5 pts
- Agricultural, Commercial & Construction Vehicles0.6% → 1.8%+1.2 pts
- Diversified Metals6.5% → 7.0%+0.5 pts
- Agricultural Food & Other Products3.3% → 3.5%+0.2 pts
- Food Products5.4% → 3.1%−2.3 pts
- Diversified FMCG4.2% → 2.7%−1.5 pts
- Personal Products4.1% → 2.9%−1.2 pts
- Auto Components12.5% → 11.5%−1.0 pts
- Automobiles3.4% → 2.8%−0.5 pts
- Textiles & Apparels4.6% → 4.4%−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 | Mar 2023 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 13.4% | 16.7% | 19.6% | 20.0% | 19.3% | 20.8% |
| Industrial Products | 15.6% | 11.8% | 8.4% | 8.2% | 12.5% | 12.5% |
| Chemicals & Petrochemicals | 5.7% | 4.9% | 9.0% | 11.7% | 11.7% | 11.8% |
| Auto Components | 8.4% | 7.8% | 9.5% | 12.3% | 12.5% | 11.5% |
| Diversified Metals | — | — | — | — | 6.5% | 7.0% |
| Electrical Equipment | — | — | 3.2% | 3.2% | 3.1% | 5.6% |
| Textiles & Apparels | 6.2% | 8.8% | 7.5% | 7.2% | 4.6% | 4.4% |
| Agricultural Food & Other Products | 5.1% | 4.0% | 3.7% | 3.9% | 3.3% | 3.5% |
| Food Products | 1.3% | 3.3% | 5.2% | 5.3% | 5.4% | 3.1% |
| Personal Products | 9.0% | 9.0% | 3.1% | 2.9% | 4.1% | 2.9% |
Allocation in Mar 2026change vs Feb 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, Mar 2026
1.6%
▼ 3.9 pts vs Feb 2026
- Cash alone
- 1.3%
- cash and net receivables
- A year earlier
- 3.8%
- Mar 2025 · now ▼ 2.2 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.