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 Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹206.07 Cr

Equity only, excl. debt & cash

AAUM

₹205.32 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

35.6%

Moderate

Top 10 Weight

57.3%

Moderate

Changes

0 new · 0 exits

Top Sector

Pharmaceuticals & Biotechnology

16.3% of portfolio

Launch Date

02 Mar 2019

7 years old

AAUM (Average Assets Under Management) of ₹205.32 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Among existing holdings, Sun Pharmaceutical Industries Limited saw the biggest increase — now at 8.48% of the portfolio. ITC Limited was trimmed the most, now at 4.90%. Sun Pharmaceutical Industries 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

-4.36%

-1.95%

+1.98%

-4.34%

Latest NAV

₹23.79

11 Sep 2026

52W High

₹25.57

-7% from High

52W Low

₹21.96

+8% 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

16.8%

+ve in 87% windows

85.5% / -17.4%

3Y Rolling Avg

17.2% p.a.

+ve in 100% windows

33.5% / 8.0%

5Y Rolling Avg

17.4% p.a.

+ve in 100% windows

27.5% / 10.0%

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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.13

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.18

Penalises downside volatility only.

Std Deviation (3Y)

11.4%

Lower = more consistent returns.

NAV Chart ₹23.79 11 Sep 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: ₹23.79

Sector Shift Industry allocation month-over-month

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	17.0%	16.2%	▼ -0.8%
Diversified FMCG	13.6%	11.2%	▼ -2.4%
Healthcare Services	4.7%	9.0%	▲ +4.3%
IT - Software	6.3%	9.0%	▲ +2.7%
Food Products	8.6%	8.1%	▼ -0.5%
Automobiles	5.0%	5.2%	▲ +0.2%
Agricultural Food & other Products	6.0%	5.0%	▼ -1.0%
Banks	6.7%	4.7%	▼ -2.0%
Consumable Fuels	1.9%	4.4%	▲ +2.5%
Finance	4.1%	4.2%	● +0.1%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	16.2%	16.3%	▲ +0.2%
Diversified FMCG	11.2%	10.6%	▼ -0.6%
IT - Software	9.0%	9.1%	▲ +0.2%
Healthcare Services	9.0%	9.1%	▲ +0.1%
Food Products	8.1%	8.3%	▲ +0.1%
Automobiles	5.2%	5.2%	● +0.0%
Banks	4.7%	4.9%	▲ +0.2%
Agricultural Food & other Products	5.0%	4.9%	● -0.1%
Consumable Fuels	4.4%	4.4%	● 0.0%
Finance	4.2%	4.2%	● +0.0%

↑

Biggest Add

Sun Pharmaceutical Industries Limited

+0.18% · now 8.48%

↓

Biggest Trim

ITC Limited

-0.36% · now 4.90%

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

↑ 25 Increased ↓ 23 Decreased

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Sun Pharmaceutical Industries Limited ₹17.63 Cr	Pharmaceuticals & Biotechnology	8.30%	8.48%	+0.18%
2	Apollo Hospitals Enterprise Limited ₹17.01 Cr	Healthcare Services	8.03%	8.18%	+0.15%
3	Nestle India Limited ₹17.20 Cr	Food Products	8.14%	8.27%	+0.13%
4	Eternal Limited ₹2.44 Cr	Retailing	1.05%	1.17%	+0.12%
5	Grasim Industries Limited ₹2.21 Cr	Cement & Cement Products	0.95%	1.06%	+0.11%
6	Kotak Mahindra Bank Limited ₹2.18 Cr	Banks	0.95%	1.05%	+0.10%
7	Dr. Reddy's Laboratories Limited ₹6.49 Cr	Pharmaceuticals & Biotechnology	3.03%	3.12%	+0.09%
8	Bajaj Auto Limited ₹2.56 Cr	Automobiles	1.14%	1.23%	+0.09%
9	Bharat Electronics Limited ₹2.07 Cr	Aerospace & Defense	0.91%	1.00%	+0.09%
10	Titan Company Limited ₹2.37 Cr	Consumer Durables	1.06%	1.14%	+0.08%
11	Shriram Finance Limited ₹2.16 Cr	Finance	0.96%	1.04%	+0.08%
12	Hindalco Industries Limited ₹2.22 Cr	Non - Ferrous Metals	1.00%	1.07%	+0.07%
13	Axis Bank Limited ₹1.98 Cr	Banks	0.88%	0.95%	+0.07%
14	JSW Steel Limited ₹2.22 Cr	Ferrous Metals	1.01%	1.07%	+0.06%
15	State Bank of India ₹2.09 Cr	Banks	0.95%	1.01%	+0.06%
16	Tech Mahindra Limited ₹9.56 Cr	IT - Software	4.55%	4.60%	+0.05%
17	Tata Consultancy Services Limited ₹2.41 Cr	IT - Software	1.11%	1.16%	+0.05%
18	Eicher Motors Limited ₹2.28 Cr	Automobiles	1.05%	1.10%	+0.05%
19	Larsen & Toubro Limited ₹2.07 Cr	Construction	0.95%	1.00%	+0.05%
20	ICICI Bank Limited ₹2.16 Cr	Banks	1.00%	1.04%	+0.04%
21	Infosys Limited ₹2.26 Cr	IT - Software	1.06%	1.09%	+0.03%
22	Wipro Limited ₹2.20 Cr	IT - Software	1.03%	1.06%	+0.03%
23	InterGlobe Aviation Limited ₹2.00 Cr	Transport Services	0.93%	0.96%	+0.03%
24	Bajaj Finserv Limited ₹2.26 Cr	Finance	1.07%	1.09%	+0.02%
25	HDFC Life Insurance Company Limited ₹1.98 Cr	Insurance	0.94%	0.95%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	ITC Limited ₹10.19 Cr	Diversified FMCG	5.26%	4.90%	-0.36%
2	Hindustan Unilever Limited ₹11.87 Cr	Diversified FMCG	5.95%	5.71%	-0.24%
3	Bharti Airtel Limited ₹3.94 Cr	Telecom - Services	2.01%	1.89%	-0.12%
4	Cipla Limited ₹9.86 Cr	Pharmaceuticals & Biotechnology	4.84%	4.74%	-0.10%
5	Tata Consumer Products Limited ₹10.20 Cr	Agricultural Food & other Products	5.00%	4.91%	-0.09%
6	Tata Motors Passenger Vehicles Limited ₹1.85 Cr	Automobiles	0.96%	0.89%	-0.07%
7	SBI Life Insurance Company Limited ₹2.03 Cr	Insurance	1.03%	0.97%	-0.06%
8	Bajaj Finance Limited ₹2.16 Cr	Finance	1.09%	1.04%	-0.05%
9	Power Grid Corporation of India Limited ₹1.90 Cr	Power	0.96%	0.91%	-0.05%
10	Jio Financial Services Limited ₹2.09 Cr	Finance	1.04%	1.01%	-0.03%
11	Maruti Suzuki India Limited ₹1.96 Cr	Automobiles	0.97%	0.94%	-0.03%
12	Max Healthcare Institute Limited ₹1.92 Cr	Healthcare Services	0.95%	0.92%	-0.03%
13	NTPC Limited ₹1.90 Cr	Power	0.94%	0.91%	-0.03%
14	HDFC Bank Limited ₹1.85 Cr	Banks	0.92%	0.89%	-0.03%
15	Adani Ports and Special Economic Zone Limited ₹1.76 Cr	Transport Infrastructure	0.88%	0.85%	-0.03%
16	Coal India Limited ₹9.04 Cr	Consumable Fuels	4.37%	4.35%	-0.02%
17	UltraTech Cement Limited ₹2.06 Cr	Cement & Cement Products	1.01%	0.99%	-0.02%
18	Oil & Natural Gas Corporation Limited ₹2.04 Cr	Oil	1.00%	0.98%	-0.02%
19	Adani Enterprises Limited ₹1.87 Cr	Metals & Minerals Trading	0.92%	0.90%	-0.02%
20	Asian Paints Limited ₹3.01 Cr	Consumer Durables	1.46%	1.45%	-0.01%
21	Mahindra & Mahindra Limited ₹2.15 Cr	Automobiles	1.04%	1.03%	-0.01%
22	Tata Steel Limited ₹2.04 Cr	Ferrous Metals	0.99%	0.98%	-0.01%
23	Trent Limited ₹1.80 Cr	Retailing	0.88%	0.87%	-0.01%

What Stocks Does This Fund Hold?

50 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	Sun Pharmaceutical Industries Limited ₹17.63 Cr	Pharmaceuticals & Biotechnology	8.48%
2	Nestle India Limited ₹17.20 Cr	Food Products	8.27%
3	Apollo Hospitals Enterprise Limited ₹17.01 Cr	Healthcare Services	8.18%
4	Hindustan Unilever Limited ₹11.87 Cr	Diversified FMCG	5.71%
5	Tata Consumer Products Limited ₹10.20 Cr	Agricultural Food & other Products	4.91%
6	ITC Limited ₹10.19 Cr	Diversified FMCG	4.90%
7	Cipla Limited ₹9.86 Cr	Pharmaceuticals & Biotechnology	4.74%
8	Tech Mahindra Limited ₹9.56 Cr	IT - Software	4.60%
9	Coal India Limited ₹9.04 Cr	Consumable Fuels	4.35%
10	Dr. Reddy's Laboratories Limited ₹6.49 Cr	Pharmaceuticals & Biotechnology	3.12%
11	Bharti Airtel Limited ₹3.94 Cr	Telecom - Services	1.89%
12	Asian Paints Limited ₹3.01 Cr	Consumer Durables	1.45%
13	Bajaj Auto Limited ₹2.56 Cr	Automobiles	1.23%
14	HCL Technologies Limited ₹2.53 Cr	IT - Software	1.22%
15	Eternal Limited ₹2.44 Cr	Retailing	1.17%
16	Tata Consultancy Services Limited ₹2.41 Cr	IT - Software	1.16%
17	Titan Company Limited ₹2.37 Cr	Consumer Durables	1.14%
18	Eicher Motors Limited ₹2.28 Cr	Automobiles	1.10%
19	Infosys Limited ₹2.26 Cr	IT - Software	1.09%
20	Bajaj Finserv Limited ₹2.26 Cr	Finance	1.09%
21	JSW Steel Limited ₹2.22 Cr	Ferrous Metals	1.07%
22	Hindalco Industries Limited ₹2.22 Cr	Non - Ferrous Metals	1.07%
23	Grasim Industries Limited ₹2.21 Cr	Cement & Cement Products	1.06%
24	Wipro Limited ₹2.20 Cr	IT - Software	1.06%
25	Kotak Mahindra Bank Limited ₹2.18 Cr	Banks	1.05%
26	Bajaj Finance Limited ₹2.16 Cr	Finance	1.04%
27	ICICI Bank Limited ₹2.16 Cr	Banks	1.04%
28	Shriram Finance Limited ₹2.16 Cr	Finance	1.04%
29	Mahindra & Mahindra Limited ₹2.15 Cr	Automobiles	1.03%
30	State Bank of India ₹2.09 Cr	Banks	1.01%
31	Jio Financial Services Limited ₹2.09 Cr	Finance	1.01%
32	Larsen & Toubro Limited ₹2.07 Cr	Construction	1.00%
33	Bharat Electronics Limited ₹2.07 Cr	Aerospace & Defense	1.00%
34	UltraTech Cement Limited ₹2.06 Cr	Cement & Cement Products	0.99%
35	Oil & Natural Gas Corporation Limited ₹2.04 Cr	Oil	0.98%
36	Tata Steel Limited ₹2.04 Cr	Ferrous Metals	0.98%
37	Reliance Industries Limited ₹2.04 Cr	Petroleum Products	0.98%
38	SBI Life Insurance Company Limited ₹2.03 Cr	Insurance	0.97%
39	InterGlobe Aviation Limited ₹2.00 Cr	Transport Services	0.96%
40	Axis Bank Limited ₹1.98 Cr	Banks	0.95%
41	HDFC Life Insurance Company Limited ₹1.98 Cr	Insurance	0.95%
42	Maruti Suzuki India Limited ₹1.96 Cr	Automobiles	0.94%
43	Max Healthcare Institute Limited ₹1.92 Cr	Healthcare Services	0.92%
44	NTPC Limited ₹1.90 Cr	Power	0.91%
45	Power Grid Corporation of India Limited ₹1.90 Cr	Power	0.91%
46	Adani Enterprises Limited ₹1.87 Cr	Metals & Minerals Trading	0.90%
47	Tata Motors Passenger Vehicles Limited ₹1.85 Cr	Automobiles	0.89%
48	HDFC Bank Limited ₹1.85 Cr	Banks	0.89%
49	Trent Limited ₹1.80 Cr	Retailing	0.87%
50	Adani Ports and Special Economic Zone Limited ₹1.76 Cr	Transport Infrastructure	0.85%