EquitySectoral/ ThematicDirectGrowthVery High

SBI MNC Fund

Q: What is the NAV of SBI MNC Fund?

As of 05 Oct 2026, the NAV of SBI MNC Fund is ₹438.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI MNC Fund delivered?

SBI MNC Fund has returned +13.30% over 1 year, +6.57% per year over 3 years, +7.65% per year over 5 years and +14.40% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI MNC Fund?

SBI MNC Fund charges an expense ratio of 1.39% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI MNC Fund?

SBI MNC Fund's largest holdings are Divi's Laboratories Ltd. (5.6%), Cummins India Ltd. (4.6%), Bosch Ltd. (4.0%), Vedanta Aluminium Metal Ltd. (3.9%) and Sona Blw Precision Forgings Ltd. (3.6%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI MNC Fund?

SBI MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -27.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.01 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI MNC Fund's 0.01 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI MNC Fund?

SBI MNC Fund is benchmarked against the Nifty MNC. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI MNC Fund?

SBI MNC Fund is managed by Tanmaya Desai at SBI.

Q: How is SBI MNC Fund taxed?

SBI MNC Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹438.20

-0.51% 1D

as of 05 Oct 2026

This is the Direct plan of SBI MNC Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

+13.56%absolute

52-week rangePrev NAV ₹440.46

Latest ₹438.20

Low ₹363.7573rd percentile of its 52-week rangeHigh ₹466.16

Scorecard

★★☆☆☆2/5 vs 142 of 255 Sectoral/ Thematic peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.57% · ranks 127 of 142 Sectoral/ Thematic funds

RiskLow

Volatility 11.8% vs 15.7% category avg

CostAverage

1.4% expense vs 1.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 9.96pp
Ranks #36 of 229 on 1-year return in its Sectoral/ Thematic cohort
Less volatile than its Sectoral/ Thematic peers (11.8% vs 15.7%)
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+6.57%) trails the Sectoral/ Thematic average (+13.85%)
5-year return (+7.65%) trails the Sectoral/ Thematic average (+12.08%)
Weaker risk-adjusted returns — Sharpe 0.01 below the Sectoral/ Thematic average of 0.45

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.39%

Category 1.27%▲0.12%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

36.50

Category 28.63▲7.87

Excess return per unit of total volatility (rf = 6.5%)

0.01

Category 0.45▼0.44

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty MNC

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.44%

Absolute return over the last 3 months (not annualized)

+0.28%

Absolute return over the last 6 months (not annualized)

+18.72%

Absolute return since 1 Jan of this year (not annualized)

+12.26%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+13.30%

3-year annualized return (CAGR)

+6.57%

5-year annualized return (CAGR)

+7.65%

10-year annualized return (CAGR)

+10.89%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+14.40%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

11.77%

Excess return per unit of total volatility (rf = 6.5%)

0.01

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.01

Largest peak-to-trough decline over full history

-27.53%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-1.95%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.76

How much of the fund's movement Nifty 500 TRI explains

73.9%

Excess return per unit of beta (market risk)

0.43

Active return over the benchmark per unit of tracking error

-0.36

Annualized std dev of fund-minus-benchmark returns

8.07%

Fund's share of benchmark gains in up months (100 = matches index)

79.1%

Fund's share of benchmark losses in down months (lower is better)

84.2%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-4.44%	-4.47%	+0.03%
3M abs	+0.28%	-2.34%	+2.62%
6M abs	+18.72%	+12.04%	+6.68%
1Y CAGR	+13.30%	+3.34%	+9.96%
3Y CAGR	+6.57%	+13.85%	-7.28%
5Y CAGR	+7.65%	+12.08%	-4.43%

Category average across peers in Sectoral/ Thematic (up to 255 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 255 peers in Sectoral/ Thematic

1Y return

+13.30%

Beats 84.6% · rank #36

3Y return

+6.57%

Beats 10.6% · rank #127

5Y return

+7.65%

Beats 17.8% · rank #84

Sharpe

0.01

Beats 11.3% · rank #126

Sortino

0.01

Beats 11.3% · rank #126

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.37L

Absolute

+22.76%

XIRR

+8.40%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI MNC Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+12.26%	-7.18%	+19.44%
2025	-4.98%	+7.94%	-12.92%
2024	+8.94%	+16.43%	-7.49%
2023	+24.36%	+27.43%	-3.07%
2022	-5.02%	+4.34%	-9.36%
2021	+40.71%	+31.59%	+9.12%
2020	+20.81%	+18.33%	+2.48%
2019	+6.32%	+8.95%	-2.63%
2018	-9.20%	-2.33%	-6.87%
2017	+43.23%	+37.35%	+5.88%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 1.44% → 1.39%
01 Oct 2026

History points

3,392

Expense ratio

1.39%

AUM

₹5,534Cr

Portfolio turnover

61%

P/E ratio

36.5

P/B ratio

7.8

Avg market cap

₹1,10,102Cr

P/E & P/B are portfolio-weighted harmonic means across 36 of 45 equity holdings (85% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


SBI MNC FundThis fund SBI · Direct · Growth	★★☆☆☆	+13.30%	+6.57%	+7.65%	36.50	1.39%	₹5,534Cr
Nippon India Taiwan Equity Fund Nippon India · Direct · Growth	★★★★☆	+128.11%	+63.78%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · Growth	★★★★☆	+20.18%	+36.05%	—	57.59	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · Growth	★★★★★	+25.57%	+29.81%	—	44.12	1.03%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Direct · Growth	★★★☆☆	+32.46%	+25.00%	+9.83%	26.07	1.21%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Direct · Growth	★★★☆☆	+30.50%	+24.42%	+12.14%	—	1.37%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap42.7%
Mid cap28.7%
Small cap28.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.27%
Cash & Equivalents1.44%
Debt0.29%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Divi's Laboratories Ltd.

5.64%

Cummins India Ltd.

4.56%

Bosch Ltd.

4.02%

Vedanta Aluminium Metal Ltd.

3.89%

Sona Blw Precision Forgings Ltd.

3.63%

Navin Fluorine International Ltd.

3.62%

Sun Pharmaceutical Industries Ltd.

3.55%

Aether Industries Ltd.

3.32%

ABB India Ltd.

3.18%

Anthem Biosciences Ltd.

3.08%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Kotak MNC Fund Kotak Mahindra · Sectoral/ Thematic	37.0%	★★★★★	0.91%	—
HDFC MNC Fund HDFC · Sectoral/ Thematic	36.6%	★☆☆☆☆	1.87%	+6.80%
ICICI Prudential MNC Fund ICICI Prudential · Sectoral/ Thematic	34.5%	★★★★☆	1.21%	+9.17%
UTI - MNC Fund UTI · Sectoral/ Thematic	33.4%	★★☆☆☆	1.52%	+7.75%
Aditya Birla Sun Life MNC Fund Aditya Birla Sun Life · Sectoral/ Thematic	31.2%	★☆☆☆☆	1.47%	+4.97%
Baroda BNP Paribas Manufacturing Fund Baroda BNP Paribas · Sectoral/ Thematic	30.6%	★★★★☆	1.31%	—
SBI Healthcare Opportunities Fund SBI · Sectoral/ Thematic	30.5%	★★★★★	1.01%	+22.92%
Nippon India MNC Fund Nippon India · Sectoral/ Thematic	27.7%	★★☆☆☆	1.31%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.73% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Aequs LimitedLong-term · Stage I0.73%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-27.5%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 18 Aug 2020 — 5 months under water after the low.
-18.8%04 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 11 May 2023 — 11 months under water after the low.
-17.7%08 Jan 2018 → 26 Oct 2018
Fell over 10 months, back to the old high on 13 Feb 2020 — 16 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹5,534Cr

April - June 2026

-3%

since January - March 2026

−₹474.10Cr

est. net flow, last quarter

At or near its largest, ₹5,680Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

TDTanmaya DesaiStart date not disclosed

Role

Fund Manager

Education

Qualificatio B.E (Electronics), MBA (Finance), C.F.A(USA) Level III candidate

Experience

Mr. Desai has close to 15years of work experience with over 6 years of experience in Indian capital markets. Past experiences: • From May 2008 till date - as Research Analyst - Investments with SBI Funds Management Limited. • From August 2004 to June 2006 - as Lecturer, Electronics Department with D J Sanghvi College of Engineering, Mumbai. • From Sept 2003 – April 2004 – as Software Engineer with Patni Computer Systems Ltd, Mumbai. He is currently managing SBI Healthcare Opportunities Fund

Funds managed (3)

All schemes Tanmaya Desai runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Tanmaya Desai

Top holdings

Divi's Laboratories Ltd.Cummins India Ltd.Bosch Ltd.Vedanta Aluminium Metal Ltd.Sona Blw Precision Forgings Ltd.Navin Fluorine International Ltd.Sun Pharmaceutical Industries Ltd.Aether Industries Ltd.ABB India Ltd.Anthem Biosciences Ltd.Aurobindo Pharma Ltd.Siemens Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of SBI MNC Fund?

As of 05 Oct 2026, the NAV of SBI MNC Fund is ₹438.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI MNC Fund delivered?

SBI MNC Fund has returned +13.30% over 1 year, +6.57% per year over 3 years, +7.65% per year over 5 years and +14.40% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI MNC Fund?

SBI MNC Fund charges an expense ratio of 1.39% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI MNC Fund?

SBI MNC Fund's largest holdings are Divi's Laboratories Ltd. (5.6%), Cummins India Ltd. (4.6%), Bosch Ltd. (4.0%), Vedanta Aluminium Metal Ltd. (3.9%) and Sona Blw Precision Forgings Ltd. (3.6%). Holdings are disclosed monthly and change over time.

How risky is SBI MNC Fund?

SBI MNC Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -27.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.01 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI MNC Fund's 0.01 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI MNC Fund?

SBI MNC Fund is benchmarked against the Nifty MNC. Its alpha and beta on this page are measured against that index.

Who manages SBI MNC Fund?

SBI MNC Fund is managed by Tanmaya Desai at SBI.

How is SBI MNC Fund taxed?

SBI MNC Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.