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 Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹207.43 Cr

Equity only, excl. debt & cash

Top 5 Weight

37.6%

Moderate

Top 10 Weight

53.9%

Moderate

Changes

0 new · 0 exits

Top Sector

Pharmaceuticals & Biotechnology

16.0% of portfolio

📋 What Happened This Month Among existing holdings, Tata Consumer Products Limited saw the biggest increase — now at 6.32% of the portfolio. HDFC Bank Limited was trimmed the most, now at 0.93%. Nestle India Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 16.0%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-2.76%

-0.10%

-5.94%

-0.27%

Latest NAV

₹23.96

04 Jun 2026

52W High

₹25.57

-6% from High

52W Low

₹21.69

+10% 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

17.5%

+ve in 88% windows

85.5% / -17.4%

3Y Rolling Avg

17.7% p.a.

+ve in 100% windows

33.5% / 10.7%

5Y Rolling Avg

18.2% 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)

0.44

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.64

Penalises downside volatility only.

Std Deviation (3Y)

11.4%

Lower = more consistent returns.

NAV Chart ₹23.96 04 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: ₹23.96

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	14.9%	15.7%	▲ +0.8%
Diversified FMCG	15.6%	15.2%	▼ -0.4%
Banks	9.9%	9.1%	▼ -0.8%
Food Products	8.3%	8.2%	● -0.1%
IT - Software	5.8%	5.9%	▲ +0.1%
Agricultural Food & other Products	5.0%	4.9%	▼ -0.2%
Automobiles	5.1%	4.6%	▼ -0.5%
Healthcare Services	4.6%	4.6%	● +0.1%
Finance	4.0%	3.6%	▼ -0.4%
Consumer Durables	3.5%	3.5%	● 0.0%

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%

↑

Biggest Add

Tata Consumer Products Limited

+1.46% · now 6.32%

↓

Biggest Trim

HDFC Bank Limited

-1.95% · now 0.93%

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

↑ 24 Increased ↓ 25 Decreased

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Tata Consumer Products Limited ₹13.31 Cr	Agricultural Food & other Products	4.86%	6.32%	+1.46%
2	Dr. Reddy's Laboratories Limited ₹6.99 Cr	Pharmaceuticals & Biotechnology	2.10%	3.32%	+1.22%
3	Tech Mahindra Limited ₹4.52 Cr	IT - Software	0.96%	2.15%	+1.19%
4	Coal India Limited ₹4.28 Cr	Consumable Fuels	1.24%	2.03%	+0.79%
5	Nestle India Limited ₹18.74 Cr	Food Products	8.23%	8.90%	+0.67%
6	HCL Technologies Limited ₹2.82 Cr	IT - Software	0.92%	1.34%	+0.42%
7	Adani Enterprises Limited ₹2.51 Cr	Metals & Minerals Trading	0.86%	1.19%	+0.33%
8	Trent Limited ₹2.23 Cr	Retailing	0.84%	1.06%	+0.22%
9	SBI Life Insurance Company Limited ₹3.80 Cr	Insurance	1.65%	1.81%	+0.16%
10	Jio Financial Services Limited ₹2.05 Cr	Finance	0.83%	0.98%	+0.15%
11	Maruti Suzuki India Limited ₹2.02 Cr	Automobiles	0.81%	0.96%	+0.15%
12	Bajaj Finance Limited ₹2.17 Cr	Finance	0.91%	1.03%	+0.12%
13	Tata Motors Passenger Vehicles Limited ₹2.15 Cr	Automobiles	0.90%	1.02%	+0.12%
14	Adani Ports and Special Economic Zone Limited ₹2.30 Cr	Transport Infrastructure	0.99%	1.09%	+0.10%
15	Wipro Limited ₹1.97 Cr	IT - Software	0.84%	0.94%	+0.10%
16	Asian Paints Limited ₹5.24 Cr	Consumer Durables	2.40%	2.49%	+0.09%
17	Hindustan Unilever Limited ₹16.68 Cr	Diversified FMCG	7.84%	7.92%	+0.08%
18	Larsen & Toubro Limited ₹2.13 Cr	Construction	0.94%	1.01%	+0.07%
19	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	0.90%	0.97%	+0.07%
20	Eternal Limited ₹2.04 Cr	Retailing	0.90%	0.97%	+0.07%
21	Bajaj Finserv Limited ₹2.04 Cr	Finance	0.90%	0.97%	+0.07%
22	InterGlobe Aviation Limited ₹1.96 Cr	Transport Services	0.86%	0.93%	+0.07%
23	Mahindra & Mahindra Limited ₹1.97 Cr	Automobiles	0.87%	0.93%	+0.06%
24	Reliance Industries Limited ₹2.03 Cr	Petroleum Products	0.95%	0.96%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	HDFC Bank Limited ₹1.97 Cr	Banks	2.88%	0.93%	-1.95%
2	Sun Pharmaceutical Industries Limited ₹16.34 Cr	Pharmaceuticals & Biotechnology	8.60%	7.76%	-0.84%
3	ITC Limited ₹14.07 Cr	Diversified FMCG	7.36%	6.68%	-0.68%
4	ICICI Bank Limited ₹5.30 Cr	Banks	3.18%	2.52%	-0.66%
5	HDFC Life Insurance Company Limited ₹1.98 Cr	Insurance	1.48%	0.94%	-0.54%
6	Tata Consultancy Services Limited ₹3.95 Cr	IT - Software	2.35%	1.88%	-0.47%
7	Apollo Hospitals Enterprise Limited ₹6.62 Cr	Healthcare Services	3.60%	3.14%	-0.46%
8	Oil & Natural Gas Corporation Limited ₹2.00 Cr	Oil	1.32%	0.95%	-0.37%
9	Power Grid Corporation of India Limited ₹2.10 Cr	Power	1.22%	1.00%	-0.22%
10	Tata Steel Limited ₹2.08 Cr	Ferrous Metals	1.18%	0.99%	-0.19%
11	Bharat Electronics Limited ₹1.96 Cr	Aerospace & Defense	1.11%	0.93%	-0.18%
12	NTPC Limited ₹2.12 Cr	Power	1.18%	1.01%	-0.17%
13	State Bank of India ₹2.01 Cr	Banks	1.10%	0.95%	-0.15%
14	Titan Company Limited ₹2.05 Cr	Consumer Durables	1.09%	0.97%	-0.12%
15	Cipla Limited ₹10.27 Cr	Pharmaceuticals & Biotechnology	4.97%	4.88%	-0.09%
16	Axis Bank Limited ₹2.03 Cr	Banks	1.03%	0.96%	-0.07%
17	JSW Steel Limited ₹2.12 Cr	Ferrous Metals	1.06%	1.01%	-0.05%
18	Max Healthcare Institute Limited ₹2.01 Cr	Healthcare Services	1.01%	0.96%	-0.05%
19	Hindalco Industries Limited ₹2.17 Cr	Non - Ferrous Metals	1.07%	1.03%	-0.04%
20	Eicher Motors Limited ₹2.05 Cr	Automobiles	1.01%	0.97%	-0.04%
21	Bharti Airtel Limited ₹4.14 Cr	Telecom - Services	2.00%	1.97%	-0.03%
22	UltraTech Cement Limited ₹2.09 Cr	Cement & Cement Products	1.01%	0.99%	-0.02%
23	Infosys Limited ₹1.74 Cr	IT - Software	0.85%	0.83%	-0.02%
24	Grasim Industries Limited ₹2.09 Cr	Cement & Cement Products	1.00%	0.99%	-0.01%
25	Shriram Finance Limited ₹2.01 Cr	Finance	0.97%	0.96%	-0.01%

Full Portfolio

50 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Nestle India Limited ₹18.74 Cr	Food Products	8.90%
2	Hindustan Unilever Limited ₹16.68 Cr	Diversified FMCG	7.92%
3	Sun Pharmaceutical Industries Limited ₹16.34 Cr	Pharmaceuticals & Biotechnology	7.76%
4	ITC Limited ₹14.07 Cr	Diversified FMCG	6.68%
5	Tata Consumer Products Limited ₹13.31 Cr	Agricultural Food & other Products	6.32%
6	Cipla Limited ₹10.27 Cr	Pharmaceuticals & Biotechnology	4.88%
7	Dr. Reddy's Laboratories Limited ₹6.99 Cr	Pharmaceuticals & Biotechnology	3.32%
8	Apollo Hospitals Enterprise Limited ₹6.62 Cr	Healthcare Services	3.14%
9	ICICI Bank Limited ₹5.30 Cr	Banks	2.52%
10	Asian Paints Limited ₹5.24 Cr	Consumer Durables	2.49%
11	Tech Mahindra Limited ₹4.52 Cr	IT - Software	2.15%
12	Coal India Limited ₹4.28 Cr	Consumable Fuels	2.03%
13	Bharti Airtel Limited ₹4.14 Cr	Telecom - Services	1.97%
14	Tata Consultancy Services Limited ₹3.95 Cr	IT - Software	1.88%
15	SBI Life Insurance Company Limited ₹3.80 Cr	Insurance	1.81%
16	HCL Technologies Limited ₹2.82 Cr	IT - Software	1.34%
17	Adani Enterprises Limited ₹2.51 Cr	Metals & Minerals Trading	1.19%
18	Adani Ports and Special Economic Zone Limited ₹2.30 Cr	Transport Infrastructure	1.09%
19	Trent Limited ₹2.23 Cr	Retailing	1.06%
20	Bajaj Auto Limited ₹2.18 Cr	Automobiles	1.04%
21	Bajaj Finance Limited ₹2.17 Cr	Finance	1.03%
22	Hindalco Industries Limited ₹2.17 Cr	Non - Ferrous Metals	1.03%
23	Tata Motors Passenger Vehicles Limited ₹2.15 Cr	Automobiles	1.02%
24	JSW Steel Limited ₹2.12 Cr	Ferrous Metals	1.01%
25	Larsen & Toubro Limited ₹2.13 Cr	Construction	1.01%
26	NTPC Limited ₹2.12 Cr	Power	1.01%
27	Power Grid Corporation of India Limited ₹2.10 Cr	Power	1.00%
28	UltraTech Cement Limited ₹2.09 Cr	Cement & Cement Products	0.99%
29	Grasim Industries Limited ₹2.09 Cr	Cement & Cement Products	0.99%
30	Tata Steel Limited ₹2.08 Cr	Ferrous Metals	0.99%
31	Jio Financial Services Limited ₹2.05 Cr	Finance	0.98%
32	Kotak Mahindra Bank Limited ₹2.05 Cr	Banks	0.97%
33	Titan Company Limited ₹2.05 Cr	Consumer Durables	0.97%
34	Eicher Motors Limited ₹2.05 Cr	Automobiles	0.97%
35	Eternal Limited ₹2.04 Cr	Retailing	0.97%
36	Bajaj Finserv Limited ₹2.04 Cr	Finance	0.97%
37	Axis Bank Limited ₹2.03 Cr	Banks	0.96%
38	Max Healthcare Institute Limited ₹2.01 Cr	Healthcare Services	0.96%
39	Shriram Finance Limited ₹2.01 Cr	Finance	0.96%
40	Maruti Suzuki India Limited ₹2.02 Cr	Automobiles	0.96%
41	Reliance Industries Limited ₹2.03 Cr	Petroleum Products	0.96%
42	State Bank of India ₹2.01 Cr	Banks	0.95%
43	Oil & Natural Gas Corporation Limited ₹2.00 Cr	Oil	0.95%
44	HDFC Life Insurance Company Limited ₹1.98 Cr	Insurance	0.94%
45	Wipro Limited ₹1.97 Cr	IT - Software	0.94%
46	Mahindra & Mahindra Limited ₹1.97 Cr	Automobiles	0.93%
47	HDFC Bank Limited ₹1.97 Cr	Banks	0.93%
48	InterGlobe Aviation Limited ₹1.96 Cr	Transport Services	0.93%
49	Bharat Electronics Limited ₹1.96 Cr	Aerospace & Defense	0.93%
50	Infosys Limited ₹1.74 Cr	IT - Software	0.83%