Loading…
Sectoral / Thematic · SBI Mutual Fund · AMFI code 146641SBI Equity Minimum Variance Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹194 Cr
down ₹13.7 Cr vs Aug 2026
- Stocks held
- 50
- unchanged
- Top 10 weight
- 57.7%
- of the portfolio in its ten largest
- Cash & debt
- 0.8%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 5, trimmed 45
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In September 2026 it disclosed 50 stocks worth ₹194 Cr, down ₹13.7 Cr from Aug 2026. Its largest positions were Sun Pharmaceutical Industries Limited (8.3%), Apollo Hospitals Enterprise Limited (8.0%), Nestle India Limited (7.7%); the ten largest together made up 57.7% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 16.7% of its equity. Cash and debt stood at 0.8%. Compared with Aug 2026 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
77%
Top-10 weight is higher than 77% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
10%
Holds more cash than 10% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.25%
- Δ weight
- down 0.23 pts
- Value
- ₹16 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 7.98%
- Δ weight
- down 0.20 pts
- Value
- ₹15.5 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 7.70%
- Δ weight
- down 0.57 pts
- Value
- ₹15 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 5.80%
- Δ weight
- up 0.09 pts
- Value
- ₹11.3 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 5.36%
- Δ weight
- up 0.46 pts
- Value
- ₹10.4 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 4.89%
- Δ weight
- up 0.54 pts
- Value
- ₹9.5 Cr
- Δ value
- up ₹46 L
- Status
- Added
- Weight
- 4.82%
- Δ weight
- up 0.07 pts
- Value
- ₹9.4 Cr
- Δ value
- down ₹50 L
- Status
- Trimmed
- Weight
- 4.77%
- Δ weight
- down 0.13 pts
- Value
- ₹9.3 Cr
- Δ value
- down ₹93 L
- Status
- Trimmed
- Weight
- 4.58%
- Δ weight
- down 0.02 pts
- Value
- ₹8.9 Cr
- Δ value
- down ₹67 L
- Status
- Trimmed
- Weight
- 3.55%
- Δ weight
- up 0.42 pts
- Value
- ₹6.9 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 1.95%
- Δ weight
- up 0.06 pts
- Value
- ₹3.8 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.39%
- Δ weight
- down 0.05 pts
- Value
- ₹2.7 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- up 0.04 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 1.21%
- Δ weight
- down <0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 1.17%
- Δ weight
- down 0.06 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹28 L
- Status
- Trimmed
- Weight
- 1.11%
- Δ weight
- up 0.06 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- down 0.05 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.11 pts
- Value
- ₹2 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.05 pts
- Value
- ₹2 Cr
- Δ value
- down ₹24 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.06 pts
- Value
- ₹2 Cr
- Δ value
- down ₹1 L
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- down 0.04 pts
- Value
- ₹2 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 0.04 pts
- Value
- ₹2 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.07 pts
- Value
- ₹2 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- up 0.17 pts
- Value
- ₹2 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.04 pts
- Value
- ₹2 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.03 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.04 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down <0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.10 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.05 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 0.98%
- Δ weight
- down 0.06 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.07 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.04 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.02 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.09 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹32 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.04 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.05 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.04 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up <0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- up 0.06 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹1 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down 0.06 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹24 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.05 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.02 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.84%
- Δ weight
- down 0.03 pts
- Value
- ₹1.6 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.77%
- Δ weight
- down 0.13 pts
- Value
- ₹1.5 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
What changed, Aug 2026 to Sep 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Coal India Limitedup ₹46 L (+0.54% pts)
- Dr. Reddy's Laboratories Limitedup ₹40 L (+0.42% pts)
- ITC Limitedup ₹22 L (+0.46% pts)
- Adani Ports and Special Economic Zone Limitedup ₹21 L (+0.17% pts)
- Adani Enterprises Limitedup ₹2 L (+0.07% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Consumable Fuels (+0.5 pts) and Diversified FMCG (+0.5 pts), and fell most in Food Products (−0.6 pts) and IT - Software (−0.3 pts).
- Consumable Fuels4.4% → 4.9%+0.5 pts
- Diversified FMCG10.7% → 11.2%+0.5 pts
- Pharmaceuticals & Biotechnology16.5% → 16.7%+0.3 pts
- Transport Infrastructure0.9% → 1.0%+0.2 pts
- Food Products8.3% → 7.8%−0.6 pts
- IT - Software9.2% → 8.9%−0.3 pts
- Healthcare Services9.2% → 8.9%−0.3 pts
- Finance4.2% → 4.0%−0.2 pts
- Automobiles5.2% → 5.0%−0.2 pts
- Agricultural Food & Other Products4.9% → 4.8%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2023 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 21.7% | 12.8% | 16.0% | 17.2% | 16.5% | 16.7% |
| Diversified FMCG | 8.8% | 15.1% | 15.5% | 13.8% | 10.7% | 11.2% |
| Healthcare Services | 1.0% | 6.5% | 4.7% | 4.8% | 9.2% | 8.9% |
| IT - Software | 12.5% | 7.6% | 6.0% | 6.4% | 9.2% | 8.9% |
| Food Products | 14.6% | 7.9% | 8.4% | 8.7% | 8.3% | 7.8% |
| Banks | 5.8% | 9.4% | 9.3% | 6.8% | 5.0% | 5.0% |
| Automobiles | 6.0% | 7.0% | 4.7% | 5.1% | 5.2% | 5.0% |
| Consumable Fuels | 1.2% | 1.0% | 1.3% | 1.9% | 4.4% | 4.9% |
| Agricultural Food & Other Products | 1.0% | 4.0% | 5.0% | 6.1% | 4.9% | 4.8% |
| Finance | 2.0% | 4.0% | 3.7% | 4.2% | 4.2% | 4.0% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
0.8%
▼ 0.1 pts vs Aug 2026
- Cash alone
- 0.8%
- cash and net receivables
- A year earlier
- <0.1%
- Sep 2025 · now ▲ 0.8 pts
- Last 12 months
- −<0.1% – 1.8%
- lowest to highest · record 1.8% in Mar 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.