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 Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹212.32 Cr

Equity only, excl. debt & cash

AAUM

₹205.32 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

35.7%

Moderate

Top 10 Weight

57.5%

Moderate

Changes

0 new · 0 exits

Top Sector

Pharmaceuticals & Biotechnology

16.2% 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, Apollo Hospitals Enterprise Limited saw the biggest increase — now at 8.03% of the portfolio. ICICI Bank Limited was trimmed the most, now at 1.00%. Sun Pharmaceutical Industries Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 16.2%. ↓ 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

+0.36%

-0.18%

-1.61%

-0.23%

Latest NAV

₹24.56

24 Aug 2026

52W High

₹25.57

-4% from High

52W Low

₹21.96

+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

16.9%

+ve in 87% windows

85.5% / -17.4%

3Y Rolling Avg

17.3% p.a.

+ve in 100% windows

33.5% / 8.5%

5Y Rolling Avg

17.5% 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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.18

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.26

Penalises downside volatility only.

Std Deviation (3Y)

11.4%

Lower = more consistent returns.

NAV Chart ₹24.56 24 Aug 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: ₹24.56

Sector Shift Industry allocation month-over-month

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	16.3%	17.0%	▲ +0.6%
Diversified FMCG	13.8%	13.6%	▼ -0.2%
Food Products	8.7%	8.6%	▼ -0.1%
Banks	6.3%	6.7%	▲ +0.4%
IT - Software	7.0%	6.3%	▼ -0.7%
Agricultural Food & other Products	6.6%	6.0%	▼ -0.6%
Automobiles	5.2%	5.0%	▼ -0.2%
Healthcare Services	4.3%	4.7%	▲ +0.4%
Finance	3.9%	4.1%	▲ +0.2%
Consumer Durables	3.7%	3.7%	● +0.0%

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%

↑

Biggest Add

Apollo Hospitals Enterprise Limited

+4.44% · now 8.03%

↓

Biggest Trim

ICICI Bank Limited

-1.76% · now 1.00%

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

↑ 26 Increased ↓ 24 Decreased

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Apollo Hospitals Enterprise Limited ₹17.28 Cr	Healthcare Services	3.59%	8.03%	+4.44%
2	Coal India Limited ₹9.40 Cr	Consumable Fuels	1.86%	4.37%	+2.51%
3	Tech Mahindra Limited ₹9.78 Cr	IT - Software	2.06%	4.55%	+2.49%
4	Infosys Limited ₹2.28 Cr	IT - Software	0.70%	1.06%	+0.36%
5	Sun Pharmaceutical Industries Limited ₹17.85 Cr	Pharmaceuticals & Biotechnology	8.04%	8.30%	+0.26%
6	Oil & Natural Gas Corporation Limited ₹2.16 Cr	Oil	0.75%	1.00%	+0.25%
7	Wipro Limited ₹2.21 Cr	IT - Software	0.80%	1.03%	+0.23%
8	Bajaj Auto Limited ₹2.45 Cr	Automobiles	1.01%	1.14%	+0.13%
9	Mahindra & Mahindra Limited ₹2.24 Cr	Automobiles	0.93%	1.04%	+0.11%
10	Jio Financial Services Limited ₹2.24 Cr	Finance	0.94%	1.04%	+0.10%
11	Tata Steel Limited ₹2.12 Cr	Ferrous Metals	0.89%	0.99%	+0.10%
12	Reliance Industries Limited ₹2.10 Cr	Petroleum Products	0.88%	0.98%	+0.10%
13	Bajaj Finserv Limited ₹2.29 Cr	Finance	0.99%	1.07%	+0.08%
14	Titan Company Limited ₹2.28 Cr	Consumer Durables	0.98%	1.06%	+0.08%
15	Eicher Motors Limited ₹2.27 Cr	Automobiles	0.97%	1.05%	+0.08%
16	Bharti Airtel Limited ₹4.33 Cr	Telecom - Services	1.94%	2.01%	+0.07%
17	Power Grid Corporation of India Limited ₹2.07 Cr	Power	0.90%	0.96%	+0.06%
18	Hindalco Industries Limited ₹2.15 Cr	Non - Ferrous Metals	0.95%	1.00%	+0.05%
19	UltraTech Cement Limited ₹2.16 Cr	Cement & Cement Products	0.97%	1.01%	+0.04%
20	JSW Steel Limited ₹2.18 Cr	Ferrous Metals	0.98%	1.01%	+0.03%
21	State Bank of India ₹2.05 Cr	Banks	0.92%	0.95%	+0.03%
22	NTPC Limited ₹2.03 Cr	Power	0.91%	0.94%	+0.03%
23	Bharat Electronics Limited ₹1.96 Cr	Aerospace & Defense	0.89%	0.91%	+0.02%
24	HCL Technologies Limited ₹2.62 Cr	IT - Software	1.21%	1.22%	+0.01%
25	Eternal Limited ₹2.27 Cr	Retailing	1.04%	1.05%	+0.01%
26	HDFC Life Insurance Company Limited ₹2.01 Cr	Insurance	0.93%	0.94%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	ICICI Bank Limited ₹2.15 Cr	Banks	2.76%	1.00%	-1.76%
2	Hindustan Unilever Limited ₹12.79 Cr	Diversified FMCG	7.50%	5.95%	-1.55%
3	Asian Paints Limited ₹3.15 Cr	Consumer Durables	2.70%	1.46%	-1.24%
4	Tata Consumer Products Limited ₹10.75 Cr	Agricultural Food & other Products	5.98%	5.00%	-0.98%
5	ITC Limited ₹11.31 Cr	Diversified FMCG	6.12%	5.26%	-0.86%
6	SBI Life Insurance Company Limited ₹2.21 Cr	Insurance	1.76%	1.03%	-0.73%
7	Cipla Limited ₹10.41 Cr	Pharmaceuticals & Biotechnology	5.49%	4.84%	-0.65%
8	Adani Enterprises Limited ₹1.99 Cr	Metals & Minerals Trading	1.51%	0.92%	-0.59%
9	Nestle India Limited ₹17.51 Cr	Food Products	8.63%	8.14%	-0.49%
10	Tata Consultancy Services Limited ₹2.40 Cr	IT - Software	1.55%	1.11%	-0.44%
11	Dr. Reddy's Laboratories Limited ₹6.52 Cr	Pharmaceuticals & Biotechnology	3.43%	3.03%	-0.40%
12	Trent Limited ₹1.90 Cr	Retailing	1.27%	0.88%	-0.39%
13	Adani Ports and Special Economic Zone Limited ₹1.89 Cr	Transport Infrastructure	1.20%	0.88%	-0.32%
14	InterGlobe Aviation Limited ₹1.99 Cr	Transport Services	1.17%	0.93%	-0.24%
15	Grasim Industries Limited ₹2.05 Cr	Cement & Cement Products	1.11%	0.95%	-0.16%
16	Axis Bank Limited ₹1.89 Cr	Banks	1.03%	0.88%	-0.15%
17	Max Healthcare Institute Limited ₹2.04 Cr	Healthcare Services	1.09%	0.95%	-0.14%
18	Shriram Finance Limited ₹2.06 Cr	Finance	1.07%	0.96%	-0.11%
19	Tata Motors Passenger Vehicles Limited ₹2.06 Cr	Automobiles	1.06%	0.96%	-0.10%
20	Larsen & Toubro Limited ₹2.03 Cr	Construction	1.05%	0.95%	-0.10%
21	Maruti Suzuki India Limited ₹2.08 Cr	Automobiles	1.02%	0.97%	-0.05%
22	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	1.00%	0.95%	-0.05%
23	HDFC Bank Limited ₹1.97 Cr	Banks	0.97%	0.92%	-0.05%
24	Bajaj Finance Limited ₹2.35 Cr	Finance	1.11%	1.09%	-0.02%

What Stocks Does This Fund Hold?

50 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	Sun Pharmaceutical Industries Limited ₹17.85 Cr	Pharmaceuticals & Biotechnology	8.30%
2	Nestle India Limited ₹17.51 Cr	Food Products	8.14%
3	Apollo Hospitals Enterprise Limited ₹17.28 Cr	Healthcare Services	8.03%
4	Hindustan Unilever Limited ₹12.79 Cr	Diversified FMCG	5.95%
5	ITC Limited ₹11.31 Cr	Diversified FMCG	5.26%
6	Tata Consumer Products Limited ₹10.75 Cr	Agricultural Food & other Products	5.00%
7	Cipla Limited ₹10.41 Cr	Pharmaceuticals & Biotechnology	4.84%
8	Tech Mahindra Limited ₹9.78 Cr	IT - Software	4.55%
9	Coal India Limited ₹9.40 Cr	Consumable Fuels	4.37%
10	Dr. Reddy's Laboratories Limited ₹6.52 Cr	Pharmaceuticals & Biotechnology	3.03%
11	Bharti Airtel Limited ₹4.33 Cr	Telecom - Services	2.01%
12	Asian Paints Limited ₹3.15 Cr	Consumer Durables	1.46%
13	HCL Technologies Limited ₹2.62 Cr	IT - Software	1.22%
14	Bajaj Auto Limited ₹2.45 Cr	Automobiles	1.14%
15	Tata Consultancy Services Limited ₹2.40 Cr	IT - Software	1.11%
16	Bajaj Finance Limited ₹2.35 Cr	Finance	1.09%
17	Bajaj Finserv Limited ₹2.29 Cr	Finance	1.07%
18	Titan Company Limited ₹2.28 Cr	Consumer Durables	1.06%
19	Infosys Limited ₹2.28 Cr	IT - Software	1.06%
20	Eicher Motors Limited ₹2.27 Cr	Automobiles	1.05%
21	Eternal Limited ₹2.27 Cr	Retailing	1.05%
22	Mahindra & Mahindra Limited ₹2.24 Cr	Automobiles	1.04%
23	Jio Financial Services Limited ₹2.24 Cr	Finance	1.04%
24	Wipro Limited ₹2.21 Cr	IT - Software	1.03%
25	SBI Life Insurance Company Limited ₹2.21 Cr	Insurance	1.03%
26	UltraTech Cement Limited ₹2.16 Cr	Cement & Cement Products	1.01%
27	JSW Steel Limited ₹2.18 Cr	Ferrous Metals	1.01%
28	Oil & Natural Gas Corporation Limited ₹2.16 Cr	Oil	1.00%
29	Hindalco Industries Limited ₹2.15 Cr	Non - Ferrous Metals	1.00%
30	ICICI Bank Limited ₹2.15 Cr	Banks	1.00%
31	Tata Steel Limited ₹2.12 Cr	Ferrous Metals	0.99%
32	Reliance Industries Limited ₹2.10 Cr	Petroleum Products	0.98%
33	Maruti Suzuki India Limited ₹2.08 Cr	Automobiles	0.97%
34	Power Grid Corporation of India Limited ₹2.07 Cr	Power	0.96%
35	Tata Motors Passenger Vehicles Limited ₹2.06 Cr	Automobiles	0.96%
36	Shriram Finance Limited ₹2.06 Cr	Finance	0.96%
37	Larsen & Toubro Limited ₹2.03 Cr	Construction	0.95%
38	Max Healthcare Institute Limited ₹2.04 Cr	Healthcare Services	0.95%
39	State Bank of India ₹2.05 Cr	Banks	0.95%
40	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	0.95%
41	Grasim Industries Limited ₹2.05 Cr	Cement & Cement Products	0.95%
42	NTPC Limited ₹2.03 Cr	Power	0.94%
43	HDFC Life Insurance Company Limited ₹2.01 Cr	Insurance	0.94%
44	InterGlobe Aviation Limited ₹1.99 Cr	Transport Services	0.93%
45	HDFC Bank Limited ₹1.97 Cr	Banks	0.92%
46	Adani Enterprises Limited ₹1.99 Cr	Metals & Minerals Trading	0.92%
47	Bharat Electronics Limited ₹1.96 Cr	Aerospace & Defense	0.91%
48	Trent Limited ₹1.90 Cr	Retailing	0.88%
49	Axis Bank Limited ₹1.89 Cr	Banks	0.88%
50	Adani Ports and Special Economic Zone Limited ₹1.89 Cr	Transport Infrastructure	0.88%