SBI Small Cap Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Small Cap Fund

Portfolio Turnover Ratio : 112.00%. Category average turnover ratio is 83.69%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 85.55% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 85.55%

No of Stocks : 68 (Category Avg - 88.25) | Large Cap Investments : 0%| Mid Cap Investments : 8.9% | Small Cap Investments : 35.96% | Other : 40.69%

Portfolio Summary (as on 30th Nov,2025)

Particulars	This Scheme	Category
No. of Stocks	68	88.12
Top 5 Stock Weight	15.02%	14.95%
Top 10 Stock Weight	26.66%	25.76%
Top 3 Sector Weight	17.78%	20.31%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	2927.01	10068.26
Holdings in large cap stocks	0%	3.02%
Holdings in mid cap stocks	8.9%	9.66%
Holdings in small cap stocks	35.96%	43.98%

Category - Small Cap Fund

Top 10 Stocks holding in Portfolio (as on 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity
Ather Energy Ltd.	2/3 wheelers	14428.6	3.98%	0.22%	3.98% (Nov 2025)	0% (Dec 2024)	2.01 Cr
City Union Bank Ltd.	Private sector bank	11294.6	3.11%	0.53%	3.11% (Nov 2025)	2.12% (Mar 2025)	4.17 Cr
SBFC Finance Ltd.	Non banking financial company (nbfc)	9680.3	2.67%	-0.09%	2.96% (May 2025)	2.42% (Dec 2024)	8.93 Cr
EID-Parry (India) Ltd.	Other agricultural products	9612.2	2.65%	-0.06%	3.23% (Jul 2025)	2.18% (Feb 2025)	93.24 L
Kalpataru Power Transmission Ltd.	Civil construction	9477.6	2.61%	-0.08%	3.06% (Dec 2024)	2.42% (Apr 2025)	79.00 L
Chalet Hotels Ltd.	Hotels & resorts	8613.1	2.37%	-0.13%	2.83% (Dec 2024)	2.37% (Nov 2025)	97.17 L
Navin Flourine International Ltd.	Commodity chemicals	8603.3	2.37%	0.06%	2.37% (Nov 2025)	0.68% (Dec 2024)	15.00 L
Krishna Institute of Medical Sciences Ltd.	Hospital	8443.2	2.33%	-0.08%	2.6% (Jul 2025)	2.2% (Dec 2024)	1.23 Cr
K.P.R. Mill Ltd.	Other textile products	8312.2	2.29%	0.06%	2.55% (May 2025)	2.16% (Aug 2025)	77.00 L
Doms Industries Ltd.	Stationary	8283	2.28%	-0.02%	3.08% (Mar 2025)	2.17% (Jul 2025)	33.00 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 30th Nov,2025)

None
Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Ather Energy Ltd.	2/3 wheelers	3.98	14428.6	3.98%	0.22%	3.98% (Nov 2025)	0% (Dec 2024)	2.01 Cr	0.00	Other	40.69
City Union Bank Ltd.	Private sector bank	5.04	11294.6	3.11%	0.53%	3.11% (Nov 2025)	2.12% (Mar 2025)	4.17 Cr	0.00	Mid Cap	8.9
SBFC Finance Ltd.	Non banking financial company (nbfc)	2.67	9680.3	2.67%	-0.09%	2.96% (May 2025)	2.42% (Dec 2024)	8.93 Cr	0.00	Other	40.69
EID-Parry (India) Ltd.	Other agricultural products	2.65	9612.2	2.65%	-0.06%	3.23% (Jul 2025)	2.18% (Feb 2025)	93.24 L	0.00	Small Cap	35.96
Kalpataru Power Transmission Ltd.	Civil construction	6.92	9477.6	2.61%	-0.08%	3.06% (Dec 2024)	2.42% (Apr 2025)	79.00 L	0.00	Small Cap	35.96
Chalet Hotels Ltd.	Hotels & resorts	3.89	8613.1	2.37%	-0.13%	2.83% (Dec 2024)	2.37% (Nov 2025)	97.17 L	0.00	Other	40.69
Navin Flourine International Ltd.	Commodity chemicals	5.77	8603.3	2.37%	0.06%	2.37% (Nov 2025)	0.68% (Dec 2024)	15.00 L	0.00	Small Cap	35.96
Krishna Institute of Medical Sciences Ltd.	Hospital	2.33	8443.2	2.33%	-0.08%	2.6% (Jul 2025)	2.2% (Dec 2024)	1.23 Cr	0.00	Other	40.69
K.P.R. Mill Ltd.	Other textile products	2.29	8312.2	2.29%	0.06%	2.55% (May 2025)	2.16% (Aug 2025)	77.00 L	0.00	Other	40.69
Doms Industries Ltd.	Stationary	2.28	8283	2.28%	-0.02%	3.08% (Mar 2025)	2.17% (Jul 2025)	33.00 L	0.00	Other	40.69
Kajaria Ceramics Ltd.	Ceramics	2.06	7470.4	2.06%	-0.23%	2.4% (Aug 2025)	0% (Dec 2024)	70.00 L	0.00	Small Cap	35.96
Cholamandalam Financial Holdings Ltd.	Investment company	2	7252.3	2.00%	-0.03%	2.38% (Jun 2025)	1.64% (Dec 2024)	39.28 L	0.00	Small Cap	35.96
Sundram Fasteners Ltd.	Auto components & equipments	4.23	7232.7	1.99%	0.26%	2.03% (May 2025)	0% (Dec 2024)	77.38 L	10.00 L	Mid Cap	8.9
Deepak Fertilisers & Petrochemicals Corp. Ltd.	Commodity chemicals	5.77	7201	1.99%	-0.13%	2.52% (Jun 2025)	0% (Dec 2024)	52.61 L	0.00	Small Cap	35.96
Afcons Infrastructure Ltd.	Civil construction	6.92	6443.5	1.78%	0.16%	1.78% (Nov 2025)	0% (Dec 2024)	1.59 Cr	25.81 L	Other	40.69
Finolex Industries Ltd.	Plastic products - industrial	1.7	6183.3	1.70%	-0.06%	2.6% (Dec 2024)	1.7% (Nov 2025)	3.46 Cr	0.00	Other	40.69
V-Guard Industries Ltd.	Household appliances	5.09	5853.1	1.61%	-0.06%	2.14% (Dec 2024)	1.61% (Nov 2025)	1.70 Cr	0.00	Small Cap	35.96
Blue Star Ltd.	Household appliances	5.09	5825.8	1.61%	-0.12%	3.53% (Dec 2024)	1.49% (May 2025)	33.00 L	0.00	Small Cap	35.96
Lemon Tree Hotels Ltd.	Hotels & resorts	3.89	5522.9	1.52%	-0.04%	2.28% (Dec 2024)	1.37% (Jun 2025)	3.49 Cr	0.00	Small Cap	35.96
Aptus Value Housing Finance India Ltd.	Housing finance company	1.5	5451.6	1.50%	-0.18%	2.11% (Feb 2025)	1.5% (Nov 2025)	1.95 Cr	0.00	Other	40.69
Cms Info Systems Ltd.	Diversified commercial services	1.47	5324.3	1.47%	-0.04%	2.41% (Feb 2025)	1.47% (Nov 2025)	1.50 Cr	0.00	Other	40.69
Triveni Turbine Ltd.	Heavy electrical equipment	1.46	5291.4	1.46%	0.03%	2.18% (Dec 2024)	1.43% (Oct 2025)	98.55 L	0.00	Small Cap	35.96
Elgi Equipments Ltd.	Compressors, pumps & diesel engines	1.41	5105	1.41%	0.06%	1.73% (Jan 2025)	1.34% (Aug 2025)	1.00 Cr	0.00	Small Cap	35.96
Esab India Ltd.	Other industrial products	1.4	5094.1	1.40%	0.20%	1.58% (Dec 2024)	1.2% (Oct 2025)	9.00 L	0.00	Small Cap	35.96
Ratnamani Metals & Tubes Ltd.	Iron & steel products	1.39	5059.8	1.39%	-0.01%	2.02% (Dec 2024)	1.39% (Nov 2025)	21.33 L	0.00	Small Cap	35.96
# Pine Labs Ltd.	Financial technology (fintech)	1.39	5026.8	1.39%	1.39%	1.39% (Nov 2025)	0% (Dec 2024)	2.01 Cr	2.01 Cr	Other	40.69
Balrampur Chini Mills Ltd.	Sugar	1.36	4923.6	1.36%	-0.01%	1.95% (Mar 2025)	1.36% (Nov 2025)	1.10 Cr	0.00	Small Cap	35.96
Relaxo Footwears Ltd.	Footwear	1.33	4829.2	1.33%	-0.06%	1.39% (Oct 2025)	0.22% (Jun 2025)	1.18 Cr	0.00	Mid Cap	8.9
- Star Health and Allied Insurance Co Ltd.	General insurance	1.3	4733.1	1.30%	0.00%	1.3% (Nov 2025)	0% (Dec 2024)	97.00 L	0.00	Other	40.69
Dodla Dairy Ltd.	Dairy products	2.15	4699.9	1.30%	0.02%	1.48% (Jun 2025)	1.2% (Apr 2025)	36.72 L	0.00	Other	40.69
CSB Bank Ltd.	Private sector bank	5.04	4534.2	1.25%	0.02%	1.3% (Jul 2025)	1.03% (Dec 2024)	1.10 Cr	0.00	Other	40.69
Ahluwalia Contracts (India) Ltd.	Civil construction	6.92	4478.6	1.23%	0.07%	1.38% (Dec 2024)	1.02% (Feb 2025)	45.00 L	0.00	Small Cap	35.96
Anand Rathi Wealth Services Ltd.	Financial products distributor	1.19	4325	1.19%	-0.06%	1.25% (Oct 2025)	0.8% (Apr 2025)	14.97 L	0.00	Other	40.69
Carborundum Universal Ltd.	Abrasives & bearings	1.17	4232.7	1.17%	-0.03%	1.89% (Dec 2024)	1.17% (Nov 2025)	49.40 L	0.00	Small Cap	35.96
Thangamayil Jewellery Ltd.	Gems, jewellery and watches	1.16	4204.2	1.16%	0.40%	1.16% (Nov 2025)	0.67% (Dec 2024)	12.92 L	0.00	Small Cap	35.96
Westlife Development Ltd.	Restaurants	1.09	3970.4	1.09%	-0.03%	1.68% (Feb 2025)	1.09% (Nov 2025)	70.00 L	0.00	Small Cap	35.96
Brigade Enterprises Ltd.	Residential, commercial projects	1.09	3969.7	1.09%	-0.16%	1.66% (Jan 2025)	1.09% (Nov 2025)	44.35 L	0.00	Small Cap	35.96
Happy Forgings Ltd.	Castings & forgings	1.06	3835.8	1.06%	0.04%	1.22% (Jan 2025)	0% (Dec 2024)	37.00 L	0.00	Other	40.69
TTK Prestige Ltd.	Household appliances	5.09	3758.2	1.04%	-0.02%	1.41% (Dec 2024)	1.02% (Jun 2025)	58.38 L	0.00	Other	40.69
HEG Ltd.	Electrodes & refractories	1.01	3657.6	1.01%	-0.10%	1.12% (Jul 2025)	0.87% (Feb 2025)	69.31 L	0.00	Other	40.69
Happiest Minds Technologies Ltd.	Computers - software & consulting	0.96	3492	0.96%	-0.02%	1.35% (Mar 2025)	0% (Dec 2024)	70.00 L	0.00	Other	40.69
WABCO India Ltd.	Auto components & equipments	4.23	3422.5	0.94%	0.07%	1.09% (Mar 2025)	0.87% (Oct 2025)	2.59 L	0.00	Mid Cap	8.9
Indiamart Intermesh Ltd.	Internet & catalogue retail	0.91	3315.1	0.91%	-0.04%	1.14% (Dec 2024)	0.91% (Nov 2025)	14.35 L	0.00	Other	40.69
Chemplast Sanmar Ltd.	Commodity chemicals	5.77	3126.2	0.86%	-0.33%	1.67% (Jan 2025)	0.86% (Nov 2025)	1.10 Cr	0.00	Other	40.69
Sansera Engineering Ltd.	Auto components & equipments	4.23	3095.3	0.85%	0.12%	0.85% (Nov 2025)	0.6% (Apr 2025)	17.70 L	0.00	Other	40.69
Hatsun Agro Products Ltd.	Dairy products	2.15	3093.6	0.85%	-0.03%	1.01% (Feb 2025)	0.74% (Aug 2025)	29.42 L	0.00	Mid Cap	8.9
Hawkins Cookers Ltd.	Household appliances	5.09	3023.1	0.83%	-0.05%	1% (Dec 2024)	0.83% (Nov 2025)	3.70 L	0.00	Small Cap	35.96
Indian Energy Exchange Ltd.	Exchange and data platform	0.83	2996	0.83%	0.02%	1.29% (Apr 2025)	0.81% (Oct 2025)	2.15 Cr	0.00	Small Cap	35.96
Fine Organic Industries Ltd.	Specialty chemicals	1.76	2943.6	0.81%	0.01%	0.99% (Jan 2025)	0.8% (Oct 2025)	6.66 L	0.00	Small Cap	35.96
G R Infraprojects Ltd.	Civil construction	6.92	2902.2	0.80%	-0.05%	1.19% (Dec 2024)	0.8% (Nov 2025)	27.00 L	0.00	Other	40.69
# RBL Bank Ltd.	Private sector bank	5.04	2465.5	0.68%	0.68%	0.68% (Nov 2025)	0% (Dec 2024)	78.92 L	78.92 L	Mid Cap	8.9
Electronics Mart lndia Ltd.	Speciality retail	1.77	2454.2	0.68%	-0.14%	0.99% (Dec 2024)	0.68% (Nov 2025)	2.01 Cr	0.00	Other	40.69
Archean Chemical Industries Ltd.	Specialty chemicals	1.76	2253.2	0.62%	-0.17%	0.88% (Dec 2024)	0.62% (Nov 2025)	44.00 L	0.00	Other	40.69
Vedant Fashions Ltd.	Speciality retail	1.77	2128.5	0.59%	-0.02%	1.35% (Dec 2024)	0.59% (Nov 2025)	35.00 L	0.00	Other	40.69
Clean Science and Technology Ltd.	Commodity chemicals	5.77	2001.1	0.55%	-0.05%	0.73% (Aug 2025)	0% (Dec 2024)	21.91 L	0.00	Other	40.69
Sheela Foam Ltd.	Furniture, home furnishing	0.52	1884.2	0.52%	-0.07%	0.93% (Dec 2024)	0.52% (Nov 2025)	31.40 L	0.00	Small Cap	35.96
Go Fashion (India) Ltd.	Speciality retail	1.77	1814.1	0.50%	-0.11%	1% (Jan 2025)	0.5% (Nov 2025)	35.00 L	0.00	Other	40.69
KNR Constructions	Civil construction	6.92	1810.2	0.50%	-0.05%	1.17% (Dec 2024)	0.5% (Nov 2025)	1.13 Cr	0.00	Small Cap	35.96
Star Cement Ltd.	Cement & cement products	0.46	1663.5	0.46%	-0.05%	0.6% (Aug 2025)	0.44% (Jun 2025)	73.80 L	0.00	Small Cap	35.96
Rajratan Global Wire Ltd.	Auto components & equipments	4.23	1628.9	0.45%	0.01%	0.54% (Dec 2024)	0.33% (Sep 2025)	37.54 L	0.00	Other	40.69
PVR Inox Ltd.	Film production, distribution & exhibition	0.42	1513.5	0.42%	-0.04%	0.55% (Dec 2024)	0.39% (Jun 2025)	14.17 L	0.00	Small Cap	35.96
- Vst Industries Ltd.	Cigarettes & tobacco products	0.35	1256.6	0.35%	0.00%	0.74% (Jan 2025)	0.35% (Nov 2025)	49.34 L	0.00	Small Cap	35.96
Rossari Biotech Ltd.	Specialty chemicals	1.76	1210.1	0.33%	-0.02%	0.47% (Dec 2024)	0.33% (Nov 2025)	20.16 L	0.00	Other	40.69
# Billionbrains Garage Ventures Ltd.	Stockbroking & allied	0.28	1028.1	0.28%	0.28%	0.28% (Nov 2025)	0% (Dec 2024)	64.71 L	64.71 L	Other	40.69
Ajax Engineering Ltd.	Construction vehicles	0.21	747.2	0.21%	0.01%	0.25% (Aug 2025)	0% (Dec 2024)	12.04 L	0.00	Other	40.69
Acme Solar Holdings Ltd.	Holding company	0.19	688	0.19%	-0.04%	0.24% (Aug 2025)	0% (Dec 2024)	29.89 L	0.00	Other	40.69
- V-Mart Retail Ltd.	Diversified retail	0.05	170.6	0.05%	0.00%	0.88% (Dec 2024)	0.04% (Sep 2025)	2.18 L	0.00	Small Cap	35.96
- CCL Products (India) Ltd.	Tea & coffee	0.01	37.9	0.01%	0.00%	0.01% (Nov 2025)	0% (Dec 2024)	37.54 k	0.00	Small Cap	35.96

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Pine Labs Ltd.	Financial technology (fintech)	5026.8	1.39%	1.39%	1.39% (Nov 2025)	0% (Dec 2024)	2.01 Cr	20126606
# Billionbrains Garage Ventures Ltd.	Stockbroking & allied	1028.1	0.28%	0.28%	0.28% (Nov 2025)	0% (Dec 2024)	64.71 L	6471092
# RBL Bank Ltd.	Private sector bank	2465.5	0.68%	0.68%	0.68% (Nov 2025)	0% (Dec 2024)	78.92 L	7892021

Stocks removed from Portfolio (in 1 month period ending 30th Nov,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No complete exits in the portfolio in the last month.

Trend in stock holdings (Top 15 Holding)

Stock	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024
Kalpataru Power Transmission Ltd.	2.61%	2.69%	2.79%	2.80%	2.55%	2.72%	2.64%	2.42%	2.50%	2.44%	2.68%	3.06%	2.71%
SBFC Finance Ltd.	2.67%	2.76%	2.66%	2.68%	2.63%	2.81%	2.96%	2.87%	2.56%	2.77%	2.44%	2.42%	2.33%
EID-Parry (India) Ltd.	2.65%	2.71%	2.69%	2.98%	3.23%	2.90%	2.60%	2.40%	2.38%	2.18%	2.45%	2.49%	2.40%
Chalet Hotels Ltd.	2.37%	2.50%	2.60%	2.79%	2.49%	2.51%	2.62%	2.42%	2.58%	2.52%	2.40%	2.83%	2.60%
Doms Industries Ltd.	2.28%	2.30%	2.31%	2.28%	2.17%	2.33%	2.37%	2.85%	3.08%	2.79%	2.62%	2.58%	2.97%
Ather Energy Ltd.	3.98%	3.76%	3.19%	2.57%	1.98%	1.87%	1.85%	0.75%	-	-	-	-	-
City Union Bank Ltd.	3.11%	2.58%	2.50%	2.32%	2.51%	2.55%	2.40%	2.31%	2.12%	2.16%	2.39%	2.21%	2.32%
Krishna Institute of Medical Sciences Ltd.	2.33%	2.41%	2.42%	2.53%	2.60%	2.33%	2.48%	2.55%	2.56%	2.26%	2.40%	2.20%	2.18%
K.P.R. Mill Ltd.	2.29%	2.23%	2.30%	2.16%	2.47%	2.46%	2.55%	2.42%	2.26%	2.17%	2.30%	2.29%	2.26%
Finolex Industries Ltd.	1.70%	1.76%	1.95%	2.08%	2.01%	2.11%	2.22%	1.90%	2.02%	2.08%	2.27%	2.60%	2.79%
Blue Star Ltd.	1.61%	1.73%	1.74%	1.76%	1.61%	1.51%	1.49%	1.77%	2.29%	2.28%	2.91%	3.53%	3.08%
Aavas Financiers Ltd.	-	-	-	-	-	-	-	-	-	2.31%	2.14%	1.96%	1.96%
Cholamandalam Financial Holdings Ltd.	2.00%	2.03%	2.08%	1.92%	2.09%	2.38%	2.15%	2.30%	2.23%	2.27%	1.91%	1.64%	1.44%
Cms Info Systems Ltd.	1.47%	1.51%	1.57%	1.75%	1.93%	2.10%	2.17%	2.08%	2.25%	2.41%	2.08%	2.20%	2.23%
Deepak Fertilisers & Petrochemicals Corp. Ltd.	1.99%	2.12%	2.22%	2.07%	2.37%	2.52%	2.29%	2.12%	1.87%	1.45%	0.61%	-	-

No of Debt Holding 6 (Category Avg - 0.84) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
CD	0.00%	0.05%
T-Bills	5.03%	0.25%
CP	0.00%	0.03%

Category - Small Cap Fund

Security Type	% Weight	Category Average
Government Backed	5.03%	0.25%
Low Risk	0.00%	0.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Small Cap Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Value (Mn)	% of Total Holding	Quantity
Bond - T-Bill	T-Bills	Other	8885.78	2.45%	9.00 Cr
Bond - T-Bill	T-Bills	Other	4285.07	1.18%	4.40 Cr
Bond - T-Bill	T-Bills	Other	2047.19	0.56%	2.10 Cr
Bond - T-Bill	T-Bills	Other	1941.81	0.54%	2.00 Cr
Bond - T-Bill	T-Bills	Other	617.15	0.17%	65.00 L
Bond - T-Bill	T-Bills	Other	485.94	0.13%	50.00 L