What stocks does SBI Equity Minimum Variance Fund hold?

SBI Equity Minimum Variance Fund holds a portfolio of Indian equity stocks disclosed monthly by SBI Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages SBI Equity Minimum Variance Fund?

SBI Equity Minimum Variance Fund is managed by SBI Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is SBI Equity Minimum Variance Fund?

SBI Equity Minimum Variance Fund is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is SBI Equity Minimum Variance Fund portfolio data updated?

Portfolio holdings for SBI Equity Minimum Variance Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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SBI Equity Minimum Variance Fund - Direct Plan - Growth

Equity Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹206.69 Cr

Equity only, excl. debt & cash

Top 5 Weight

36.9%

Moderate

Top 10 Weight

54.1%

Moderate

Changes

0 new · 0 exits

Top Sector

Pharmaceuticals & Biotechnology

16.3% of portfolio

📋 What Happened This Month Among existing holdings, Cipla Limited saw the biggest increase — now at 5.26% of the portfolio. ITC Limited was trimmed the most, now at 6.13%. Nestle India Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 16.3%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · SBI Equity Minimum Variance Fund - Direct Plan - Growth

-0.72%

+7.34%

-3.51%

-0.33%

Latest NAV

₹24.37

24 Jun 2026

52W High

₹25.57

-5% from High

52W Low

₹21.69

+12% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+7.4%

2024

+8.4%

2023

+28.4%

2022

+6.5%

2021

+24.4%

2020

+24.8%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

17.4%

+ve in 87% windows

85.5% / -17.4%

3Y Rolling Avg

17.7% p.a.

+ve in 100% windows

33.5% / 10.7%

5Y Rolling Avg

18.1% p.a.

+ve in 100% windows

27.5% / 10.6%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-20.3%

Rec: not yet

COVID-19 Crash

-32.7%

Rec: Jul 2020 (6 mo)

2022 Rate Hike

-12.8%

Rec: Aug 2022 (2 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.40

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.58

Penalises downside volatility only.

Std Deviation (3Y)

11.5%

Lower = more consistent returns.

NAV Chart ₹24.37 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

SBI Equity Minimum Variance Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹24.37

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	15.7%	16.0%	▲ +0.3%
Diversified FMCG	15.2%	14.6%	▼ -0.6%
Food Products	8.2%	8.9%	▲ +0.7%
IT - Software	5.9%	7.1%	▲ +1.2%
Banks	9.1%	6.3%	▼ -2.8%
Agricultural Food & other Products	4.9%	6.3%	▲ +1.5%
Automobiles	4.6%	4.9%	▲ +0.3%
Healthcare Services	4.6%	4.1%	▼ -0.5%
Finance	3.6%	3.9%	▲ +0.3%
Consumer Durables	3.5%	3.5%	● 0.0%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	16.0%	16.3%	▲ +0.4%
Diversified FMCG	14.6%	13.8%	▼ -0.8%
Food Products	8.9%	8.7%	▼ -0.2%
IT - Software	7.1%	7.0%	▼ -0.1%
Agricultural Food & other Products	6.3%	6.6%	▲ +0.2%
Banks	6.3%	6.3%	● -0.1%
Automobiles	4.9%	5.2%	▲ +0.2%
Healthcare Services	4.1%	4.3%	▲ +0.2%
Finance	3.9%	3.9%	● 0.0%
Consumer Durables	3.5%	3.7%	▲ +0.2%

↑

Biggest Add

Cipla Limited

+0.38% · now 5.26%

↓

Biggest Trim

ITC Limited

-0.55% · now 6.13%

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

↑ 25 Increased ↓ 22 Decreased

#	Stock	Sector	Apr 2026	May 2026	Change
1	Cipla Limited ₹10.99 Cr	Pharmaceuticals & Biotechnology	4.88%	5.26%	+0.38%
2	Adani Enterprises Limited ₹3.06 Cr	Metals & Minerals Trading	1.19%	1.47%	+0.28%
3	Apollo Hospitals Enterprise Limited ₹7.08 Cr	Healthcare Services	3.14%	3.39%	+0.25%
4	Asian Paints Limited ₹5.73 Cr	Consumer Durables	2.49%	2.74%	+0.25%
5	Tata Consumer Products Limited ₹13.70 Cr	Agricultural Food & other Products	6.32%	6.56%	+0.24%
6	Tata Motors Passenger Vehicles Limited ₹2.48 Cr	Automobiles	1.02%	1.19%	+0.17%
7	Grasim Industries Limited ₹2.33 Cr	Cement & Cement Products	0.99%	1.12%	+0.13%
8	Adani Ports and Special Economic Zone Limited ₹2.51 Cr	Transport Infrastructure	1.09%	1.20%	+0.11%
9	Hindalco Industries Limited ₹2.35 Cr	Non - Ferrous Metals	1.03%	1.13%	+0.10%
10	Bajaj Auto Limited ₹2.28 Cr	Automobiles	1.04%	1.09%	+0.05%
11	Tech Mahindra Limited ₹4.55 Cr	IT - Software	2.15%	2.18%	+0.03%
12	Trent Limited ₹2.28 Cr	Retailing	1.06%	1.09%	+0.03%
13	Bajaj Finserv Limited ₹2.08 Cr	Finance	0.97%	1.00%	+0.03%
14	InterGlobe Aviation Limited ₹2.01 Cr	Transport Services	0.93%	0.96%	+0.03%
15	Sun Pharmaceutical Industries Limited ₹16.26 Cr	Pharmaceuticals & Biotechnology	7.76%	7.78%	+0.02%
16	SBI Life Insurance Company Limited ₹3.83 Cr	Insurance	1.81%	1.83%	+0.02%
17	Larsen & Toubro Limited ₹2.16 Cr	Construction	1.01%	1.03%	+0.02%
18	JSW Steel Limited ₹2.14 Cr	Ferrous Metals	1.01%	1.03%	+0.02%
19	Eternal Limited ₹2.07 Cr	Retailing	0.97%	0.99%	+0.02%
20	Eicher Motors Limited ₹2.06 Cr	Automobiles	0.97%	0.99%	+0.02%
21	Axis Bank Limited ₹2.05 Cr	Banks	0.96%	0.98%	+0.02%
22	HDFC Life Insurance Company Limited ₹2.01 Cr	Insurance	0.94%	0.96%	+0.02%
23	Wipro Limited ₹2.00 Cr	IT - Software	0.94%	0.96%	+0.02%
24	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	0.97%	0.98%	+0.01%
25	Shriram Finance Limited ₹2.03 Cr	Finance	0.96%	0.97%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	ITC Limited ₹12.82 Cr	Diversified FMCG	6.68%	6.13%	-0.55%
2	Hindustan Unilever Limited ₹15.96 Cr	Diversified FMCG	7.92%	7.64%	-0.28%
3	Nestle India Limited ₹18.26 Cr	Food Products	8.90%	8.74%	-0.16%
4	Tata Consultancy Services Limited ₹3.61 Cr	IT - Software	1.88%	1.73%	-0.15%
5	Oil & Natural Gas Corporation Limited ₹1.77 Cr	Oil	0.95%	0.85%	-0.10%
6	Coal India Limited ₹4.07 Cr	Consumable Fuels	2.03%	1.95%	-0.08%
7	Power Grid Corporation of India Limited ₹1.92 Cr	Power	1.00%	0.92%	-0.08%
8	State Bank of India ₹1.81 Cr	Banks	0.95%	0.87%	-0.08%
9	Titan Company Limited ₹1.90 Cr	Consumer Durables	0.97%	0.91%	-0.06%
10	Reliance Industries Limited ₹1.87 Cr	Petroleum Products	0.96%	0.90%	-0.06%
11	Bharti Airtel Limited ₹4.01 Cr	Telecom - Services	1.97%	1.92%	-0.05%
12	Bharat Electronics Limited ₹1.86 Cr	Aerospace & Defense	0.93%	0.89%	-0.04%
13	Jio Financial Services Limited ₹1.99 Cr	Finance	0.98%	0.95%	-0.03%
14	Dr. Reddy's Laboratories Limited ₹6.89 Cr	Pharmaceuticals & Biotechnology	3.32%	3.30%	-0.02%
15	Bajaj Finance Limited ₹2.10 Cr	Finance	1.03%	1.01%	-0.02%
16	NTPC Limited ₹2.06 Cr	Power	1.01%	0.99%	-0.02%
17	Max Healthcare Institute Limited ₹1.95 Cr	Healthcare Services	0.96%	0.94%	-0.02%
18	HDFC Bank Limited ₹1.90 Cr	Banks	0.93%	0.91%	-0.02%
19	HCL Technologies Limited ₹2.79 Cr	IT - Software	1.34%	1.33%	-0.01%
20	Tata Steel Limited ₹2.05 Cr	Ferrous Metals	0.99%	0.98%	-0.01%
21	Maruti Suzuki India Limited ₹1.99 Cr	Automobiles	0.96%	0.95%	-0.01%
22	Infosys Limited ₹1.71 Cr	IT - Software	0.83%	0.82%	-0.01%

What Stocks Does This Fund Hold?

50 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Nestle India Limited ₹18.26 Cr	Food Products	8.74%
2	Sun Pharmaceutical Industries Limited ₹16.26 Cr	Pharmaceuticals & Biotechnology	7.78%
3	Hindustan Unilever Limited ₹15.96 Cr	Diversified FMCG	7.64%
4	Tata Consumer Products Limited ₹13.70 Cr	Agricultural Food & other Products	6.56%
5	ITC Limited ₹12.82 Cr	Diversified FMCG	6.13%
6	Cipla Limited ₹10.99 Cr	Pharmaceuticals & Biotechnology	5.26%
7	Apollo Hospitals Enterprise Limited ₹7.08 Cr	Healthcare Services	3.39%
8	Dr. Reddy's Laboratories Limited ₹6.89 Cr	Pharmaceuticals & Biotechnology	3.30%
9	Asian Paints Limited ₹5.73 Cr	Consumer Durables	2.74%
10	ICICI Bank Limited ₹5.27 Cr	Banks	2.52%
11	Tech Mahindra Limited ₹4.55 Cr	IT - Software	2.18%
12	Coal India Limited ₹4.07 Cr	Consumable Fuels	1.95%
13	Bharti Airtel Limited ₹4.01 Cr	Telecom - Services	1.92%
14	SBI Life Insurance Company Limited ₹3.83 Cr	Insurance	1.83%
15	Tata Consultancy Services Limited ₹3.61 Cr	IT - Software	1.73%
16	Adani Enterprises Limited ₹3.06 Cr	Metals & Minerals Trading	1.47%
17	HCL Technologies Limited ₹2.79 Cr	IT - Software	1.33%
18	Adani Ports and Special Economic Zone Limited ₹2.51 Cr	Transport Infrastructure	1.20%
19	Tata Motors Passenger Vehicles Limited ₹2.48 Cr	Automobiles	1.19%
20	Hindalco Industries Limited ₹2.35 Cr	Non - Ferrous Metals	1.13%
21	Grasim Industries Limited ₹2.33 Cr	Cement & Cement Products	1.12%
22	Bajaj Auto Limited ₹2.28 Cr	Automobiles	1.09%
23	Trent Limited ₹2.28 Cr	Retailing	1.09%
24	Larsen & Toubro Limited ₹2.16 Cr	Construction	1.03%
25	JSW Steel Limited ₹2.14 Cr	Ferrous Metals	1.03%
26	Bajaj Finance Limited ₹2.10 Cr	Finance	1.01%
27	Bajaj Finserv Limited ₹2.08 Cr	Finance	1.00%
28	Eternal Limited ₹2.07 Cr	Retailing	0.99%
29	UltraTech Cement Limited ₹2.07 Cr	Cement & Cement Products	0.99%
30	Eicher Motors Limited ₹2.06 Cr	Automobiles	0.99%
31	NTPC Limited ₹2.06 Cr	Power	0.99%
32	Axis Bank Limited ₹2.05 Cr	Banks	0.98%
33	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	0.98%
34	Tata Steel Limited ₹2.05 Cr	Ferrous Metals	0.98%
35	Shriram Finance Limited ₹2.03 Cr	Finance	0.97%
36	HDFC Life Insurance Company Limited ₹2.01 Cr	Insurance	0.96%
37	InterGlobe Aviation Limited ₹2.01 Cr	Transport Services	0.96%
38	Wipro Limited ₹2.00 Cr	IT - Software	0.96%
39	Jio Financial Services Limited ₹1.99 Cr	Finance	0.95%
40	Maruti Suzuki India Limited ₹1.99 Cr	Automobiles	0.95%
41	Max Healthcare Institute Limited ₹1.95 Cr	Healthcare Services	0.94%
42	Mahindra & Mahindra Limited ₹1.93 Cr	Automobiles	0.93%
43	Power Grid Corporation of India Limited ₹1.92 Cr	Power	0.92%
44	Titan Company Limited ₹1.90 Cr	Consumer Durables	0.91%
45	HDFC Bank Limited ₹1.90 Cr	Banks	0.91%
46	Reliance Industries Limited ₹1.87 Cr	Petroleum Products	0.90%
47	Bharat Electronics Limited ₹1.86 Cr	Aerospace & Defense	0.89%
48	State Bank of India ₹1.81 Cr	Banks	0.87%
49	Oil & Natural Gas Corporation Limited ₹1.77 Cr	Oil	0.85%
50	Infosys Limited ₹1.71 Cr	IT - Software	0.82%