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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹192.76 Cr

Equity only, excl. debt & cash

AAUM

₹205.32 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

35.1%

Moderate

Top 10 Weight

57.7%

Moderate

Changes

0 new · 0 exits

Top Sector

Pharmaceuticals & Biotechnology

16.6% 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, Coal India Limited saw the biggest increase — now at 4.89% of the portfolio. Nestle India Limited was trimmed the most, now at 7.70%. Sun Pharmaceutical Industries Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 16.6%. ↓ 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

-4.21%

-7.19%

-2.01%

-7.92%

Latest NAV

₹22.79

09 Oct 2026

52W High

₹25.57

-11% from High

52W Low

₹22.26

+2% 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

16.6%

+ve in 86% windows

85.5% / -17.4%

3Y Rolling Avg

17.1% p.a.

+ve in 100% windows

33.5% / 7.0%

5Y Rolling Avg

17.2% p.a.

+ve in 100% windows

27.5% / 9.1%

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)

0.02

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.03

Penalises downside volatility only.

Std Deviation (3Y)

11.5%

Lower = more consistent returns.

NAV Chart ₹22.79 09 Oct 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: ₹22.79

Sector Shift Industry allocation month-over-month

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%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	16.3%	16.6%	▲ +0.3%
Diversified FMCG	10.6%	11.2%	▲ +0.6%
Healthcare Services	9.1%	8.9%	▼ -0.2%
IT - Software	9.1%	8.8%	▼ -0.3%
Food Products	8.3%	7.7%	▼ -0.6%
Banks	4.9%	5.0%	● +0.1%
Automobiles	5.2%	5.0%	▼ -0.2%
Consumable Fuels	4.4%	4.9%	▲ +0.5%
Agricultural Food & other Products	4.9%	4.8%	▼ -0.1%
Finance	4.2%	3.9%	▼ -0.3%

↑

Biggest Add

Coal India Limited

+0.54% · now 4.89%

↓

Biggest Trim

Nestle India Limited

-0.57% · now 7.70%

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

↑ 21 Increased ↓ 29 Decreased

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Coal India Limited ₹9.50 Cr	Consumable Fuels	4.35%	4.89%	+0.54%
2	ITC Limited ₹10.41 Cr	Diversified FMCG	4.90%	5.36%	+0.46%
3	Dr. Reddy's Laboratories Limited ₹6.89 Cr	Pharmaceuticals & Biotechnology	3.12%	3.55%	+0.43%
4	Adani Ports and Special Economic Zone Limited ₹1.97 Cr	Transport Infrastructure	0.85%	1.01%	+0.16%
5	Hindustan Unilever Limited ₹11.26 Cr	Diversified FMCG	5.71%	5.80%	+0.09%
6	Cipla Limited ₹9.36 Cr	Pharmaceuticals & Biotechnology	4.74%	4.82%	+0.08%
7	Adani Enterprises Limited ₹1.89 Cr	Metals & Minerals Trading	0.90%	0.97%	+0.07%
8	HDFC Bank Limited ₹1.84 Cr	Banks	0.89%	0.95%	+0.06%
9	Bharti Airtel Limited ₹3.79 Cr	Telecom - Services	1.89%	1.95%	+0.06%
10	Kotak Mahindra Bank Limited ₹2.16 Cr	Banks	1.05%	1.11%	+0.06%
11	Tata Steel Limited ₹2.03 Cr	Ferrous Metals	0.98%	1.04%	+0.06%
12	Eternal Limited ₹2.36 Cr	Retailing	1.17%	1.22%	+0.05%
13	NTPC Limited ₹1.86 Cr	Power	0.91%	0.96%	+0.05%
14	Power Grid Corporation of India Limited ₹1.87 Cr	Power	0.91%	0.96%	+0.05%
15	Oil & Natural Gas Corporation Limited ₹1.98 Cr	Oil	0.98%	1.02%	+0.04%
16	SBI Life Insurance Company Limited ₹1.96 Cr	Insurance	0.97%	1.01%	+0.04%
17	UltraTech Cement Limited ₹1.96 Cr	Cement & Cement Products	0.99%	1.01%	+0.02%
18	JSW Steel Limited ₹2.11 Cr	Ferrous Metals	1.07%	1.09%	+0.02%
19	HDFC Life Insurance Company Limited ₹1.88 Cr	Insurance	0.95%	0.97%	+0.02%
20	Axis Bank Limited ₹1.86 Cr	Banks	0.95%	0.96%	+0.01%
21	InterGlobe Aviation Limited ₹1.89 Cr	Transport Services	0.96%	0.97%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Nestle India Limited ₹14.96 Cr	Food Products	8.27%	7.70%	-0.57%
2	Sun Pharmaceutical Industries Limited ₹16.03 Cr	Pharmaceuticals & Biotechnology	8.48%	8.25%	-0.23%
3	Apollo Hospitals Enterprise Limited ₹15.50 Cr	Healthcare Services	8.18%	7.98%	-0.20%
4	Tata Consumer Products Limited ₹9.27 Cr	Agricultural Food & other Products	4.91%	4.77%	-0.14%
5	Tata Consultancy Services Limited ₹2.05 Cr	IT - Software	1.16%	1.05%	-0.11%
6	Bajaj Finserv Limited ₹1.93 Cr	Finance	1.09%	0.99%	-0.10%
7	Wipro Limited ₹1.88 Cr	IT - Software	1.06%	0.97%	-0.09%
8	Infosys Limited ₹1.97 Cr	IT - Software	1.09%	1.01%	-0.08%
9	Shriram Finance Limited ₹1.90 Cr	Finance	1.04%	0.98%	-0.06%
10	Asian Paints Limited ₹2.71 Cr	Consumer Durables	1.45%	1.39%	-0.06%
11	Bajaj Auto Limited ₹2.28 Cr	Automobiles	1.23%	1.17%	-0.06%
12	Maruti Suzuki India Limited ₹1.72 Cr	Automobiles	0.94%	0.89%	-0.05%
13	Titan Company Limited ₹2.11 Cr	Consumer Durables	1.14%	1.09%	-0.05%
14	Eicher Motors Limited ₹2.04 Cr	Automobiles	1.10%	1.05%	-0.05%
15	Jio Financial Services Limited ₹1.87 Cr	Finance	1.01%	0.96%	-0.05%
16	ICICI Bank Limited ₹1.95 Cr	Banks	1.04%	1.00%	-0.04%
17	State Bank of India ₹1.88 Cr	Banks	1.01%	0.97%	-0.04%
18	Mahindra & Mahindra Limited ₹1.92 Cr	Automobiles	1.03%	0.99%	-0.04%
19	Bajaj Finance Limited ₹1.94 Cr	Finance	1.04%	1.00%	-0.04%
20	Max Healthcare Institute Limited ₹1.70 Cr	Healthcare Services	0.92%	0.88%	-0.04%
21	Grasim Industries Limited ₹1.99 Cr	Cement & Cement Products	1.06%	1.03%	-0.03%
22	Trent Limited ₹1.63 Cr	Retailing	0.87%	0.84%	-0.03%
23	Larsen & Toubro Limited ₹1.91 Cr	Construction	1.00%	0.98%	-0.02%
24	Hindalco Industries Limited ₹2.05 Cr	Non - Ferrous Metals	1.07%	1.05%	-0.02%
25	Tech Mahindra Limited ₹8.89 Cr	IT - Software	4.60%	4.58%	-0.02%
26	Tata Motors Passenger Vehicles Limited ₹1.69 Cr	Automobiles	0.89%	0.87%	-0.02%
27	Reliance Industries Limited ₹1.88 Cr	Petroleum Products	0.98%	0.97%	-0.01%
28	HCL Technologies Limited ₹2.35 Cr	IT - Software	1.22%	1.21%	-0.01%
29	Bharat Electronics Limited ₹1.93 Cr	Aerospace & Defense	1.00%	0.99%	-0.01%

What Stocks Does This Fund Hold?

50 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Sun Pharmaceutical Industries Limited ₹16.03 Cr	Pharmaceuticals & Biotechnology	8.25%
2	Apollo Hospitals Enterprise Limited ₹15.50 Cr	Healthcare Services	7.98%
3	Nestle India Limited ₹14.96 Cr	Food Products	7.70%
4	Hindustan Unilever Limited ₹11.26 Cr	Diversified FMCG	5.80%
5	ITC Limited ₹10.41 Cr	Diversified FMCG	5.36%
6	Coal India Limited ₹9.50 Cr	Consumable Fuels	4.89%
7	Cipla Limited ₹9.36 Cr	Pharmaceuticals & Biotechnology	4.82%
8	Tata Consumer Products Limited ₹9.27 Cr	Agricultural Food & other Products	4.77%
9	Tech Mahindra Limited ₹8.89 Cr	IT - Software	4.58%
10	Dr. Reddy's Laboratories Limited ₹6.89 Cr	Pharmaceuticals & Biotechnology	3.55%
11	Bharti Airtel Limited ₹3.79 Cr	Telecom - Services	1.95%
12	Asian Paints Limited ₹2.71 Cr	Consumer Durables	1.39%
13	Eternal Limited ₹2.36 Cr	Retailing	1.22%
14	HCL Technologies Limited ₹2.35 Cr	IT - Software	1.21%
15	Bajaj Auto Limited ₹2.28 Cr	Automobiles	1.17%
16	Kotak Mahindra Bank Limited ₹2.16 Cr	Banks	1.11%
17	Titan Company Limited ₹2.11 Cr	Consumer Durables	1.09%
18	JSW Steel Limited ₹2.11 Cr	Ferrous Metals	1.09%
19	Hindalco Industries Limited ₹2.05 Cr	Non - Ferrous Metals	1.05%
20	Tata Consultancy Services Limited ₹2.05 Cr	IT - Software	1.05%
21	Eicher Motors Limited ₹2.04 Cr	Automobiles	1.05%
22	Tata Steel Limited ₹2.03 Cr	Ferrous Metals	1.04%
23	Grasim Industries Limited ₹1.99 Cr	Cement & Cement Products	1.03%
24	Oil & Natural Gas Corporation Limited ₹1.98 Cr	Oil	1.02%
25	Infosys Limited ₹1.97 Cr	IT - Software	1.01%
26	Adani Ports and Special Economic Zone Limited ₹1.97 Cr	Transport Infrastructure	1.01%
27	UltraTech Cement Limited ₹1.96 Cr	Cement & Cement Products	1.01%
28	SBI Life Insurance Company Limited ₹1.96 Cr	Insurance	1.01%
29	Bajaj Finance Limited ₹1.94 Cr	Finance	1.00%
30	ICICI Bank Limited ₹1.95 Cr	Banks	1.00%
31	Bajaj Finserv Limited ₹1.93 Cr	Finance	0.99%
32	Mahindra & Mahindra Limited ₹1.92 Cr	Automobiles	0.99%
33	Bharat Electronics Limited ₹1.93 Cr	Aerospace & Defense	0.99%
34	Shriram Finance Limited ₹1.90 Cr	Finance	0.98%
35	Larsen & Toubro Limited ₹1.91 Cr	Construction	0.98%
36	Reliance Industries Limited ₹1.88 Cr	Petroleum Products	0.97%
37	State Bank of India ₹1.88 Cr	Banks	0.97%
38	Adani Enterprises Limited ₹1.89 Cr	Metals & Minerals Trading	0.97%
39	Wipro Limited ₹1.88 Cr	IT - Software	0.97%
40	HDFC Life Insurance Company Limited ₹1.88 Cr	Insurance	0.97%
41	InterGlobe Aviation Limited ₹1.89 Cr	Transport Services	0.97%
42	NTPC Limited ₹1.86 Cr	Power	0.96%
43	Jio Financial Services Limited ₹1.87 Cr	Finance	0.96%
44	Power Grid Corporation of India Limited ₹1.87 Cr	Power	0.96%
45	Axis Bank Limited ₹1.86 Cr	Banks	0.96%
46	HDFC Bank Limited ₹1.84 Cr	Banks	0.95%
47	Maruti Suzuki India Limited ₹1.72 Cr	Automobiles	0.89%
48	Max Healthcare Institute Limited ₹1.70 Cr	Healthcare Services	0.88%
49	Tata Motors Passenger Vehicles Limited ₹1.69 Cr	Automobiles	0.87%
50	Trent Limited ₹1.63 Cr	Retailing	0.84%