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Sectoral / Thematic · SBI Mutual Fund · AMFI code 146641SBI Equity Minimum Variance Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹223 Cr
down ₹1.7 Cr vs Aug 2025
- Stocks held
- 50
- unchanged
- Top 10 weight
- 54.8%
- of the portfolio in its ten largest
- Cash & debt
- <0.1%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 22
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In September 2025 it disclosed 50 stocks worth ₹223 Cr, down ₹1.7 Cr from Aug 2025. Its largest positions were Hindustan Unilever Limited (8.9%), Nestle India Limited (7.9%), Sun Pharmaceutical Industries Limited (7.3%); the ten largest together made up 54.8% of the portfolio, and Diversified FMCG was the biggest sector at 15.1% of its equity. Cash and debt stood at <0.1%. Compared with Aug 2025 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
73%
Top-10 weight is higher than 73% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
1%
Holds more cash than 1% of peers
Holdings in September 2025
Download CSVEvery line the fund disclosed, with the change against Aug 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.87%
- Δ weight
- down 0.47 pts
- Value
- ₹19.7 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 7.86%
- Δ weight
- up 0.01 pts
- Value
- ₹17.5 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 7.30%
- Δ weight
- up 0.03 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹5 L
- Status
- Held
- Weight
- 6.53%
- Δ weight
- down 0.15 pts
- Value
- ₹14.5 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 6.22%
- Δ weight
- down 0.10 pts
- Value
- ₹13.9 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 4.12%
- Δ weight
- down 0.26 pts
- Value
- ₹9.2 Cr
- Δ value
- down ₹65 L
- Status
- Trimmed
- Weight
- 3.99%
- Δ weight
- up 0.24 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹48 L
- Status
- Added
- Weight
- 3.63%
- Δ weight
- down 0.19 pts
- Value
- ₹8.1 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 3.36%
- Δ weight
- down 0.11 pts
- Value
- ₹7.5 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 2.94%
- Δ weight
- down <0.01 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 2.92%
- Δ weight
- down 0.20 pts
- Value
- ₹6.5 Cr
- Δ value
- down ₹49 L
- Status
- Trimmed
- Weight
- 2.14%
- Δ weight
- up 0.01 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹2 L
- Status
- Held
- Weight
- 1.91%
- Δ weight
- down 0.05 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 1.77%
- Δ weight
- down 0.03 pts
- Value
- ₹3.9 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 1.31%
- Δ weight
- up 0.10 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 1.29%
- Δ weight
- up 0.10 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 1.27%
- Δ weight
- up 0.05 pts
- Value
- ₹2.8 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 1.25%
- Δ weight
- up 0.16 pts
- Value
- ₹2.8 Cr
- Δ value
- up ₹35 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.09 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.08 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.14 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.12 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.09 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 1.04%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.09 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.02 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.05 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.03 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.03 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.07 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹14 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- down <0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down <0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.08 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.10 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.09 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 0.93%
- Δ weight
- up 0.06 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 0.92%
- Δ weight
- down 0.07 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- up 0.01 pts
- Value
- ₹2 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.91%
- Δ weight
- down 0.05 pts
- Value
- ₹2 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.03 pts
- Value
- ₹2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down <0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.05 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.04 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- down 0.10 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- <0.01%
- Δ weight
- down 0.05 pts
- Value
- ₹1 L
- Δ value
- down ₹11 L
- Status
- Trimmed
What changed, Aug 2025 to Sep 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Tata Consumer Products Limitedup ₹48 L (+0.24% pts)
- Eicher Motors Limitedup ₹35 L (+0.16% pts)
- Bajaj Finance Limitedup ₹29 L (+0.14% pts)
- JSW Steel Limitedup ₹24 L (+0.12% pts)
- Adani Enterprises Limitedup ₹22 L (+0.10% 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 2025, the weight rose most in Automobiles (+0.5 pts) and Agricultural Food & Other Products (+0.2 pts), and fell most in Diversified FMCG (−0.6 pts) and IT - Software (−0.4 pts).
- Automobiles6.5% → 7.0%+0.5 pts
- Agricultural Food & Other Products3.7% → 4.0%+0.2 pts
- Ferrous Metals1.9% → 2.1%+0.2 pts
- Finance3.8% → 4.0%+0.2 pts
- Metals & Minerals Trading0.9% → 1.0%+0.1 pts
- Diversified FMCG15.7% → 15.1%−0.6 pts
- IT - Software8.0% → 7.6%−0.4 pts
- Consumer Durables4.1% → 3.8%−0.3 pts
- Pharmaceuticals & Biotechnology13.1% → 12.8%−0.2 pts
- Healthcare Services6.7% → 6.5%−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 2024 | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 |
|---|---|---|---|---|---|
| Diversified FMCG | 10.4% | 11.6% | 13.2% | 15.7% | 15.1% |
| Pharmaceuticals & Biotechnology | 14.9% | 15.4% | 15.1% | 13.1% | 12.8% |
| Banks | 6.2% | 7.4% | 11.3% | 9.3% | 9.4% |
| Food Products | 16.0% | 15.8% | 8.2% | 7.8% | 7.9% |
| IT - Software | 9.5% | 11.1% | 12.1% | 8.0% | 7.6% |
| Automobiles | 5.9% | 5.7% | 6.1% | 6.5% | 7.0% |
| Healthcare Services | 5.2% | 5.5% | 2.2% | 6.7% | 6.5% |
| Agricultural Food & Other Products | 5.2% | 1.1% | 2.7% | 3.7% | 4.0% |
| Finance | 3.0% | 3.6% | 4.3% | 3.8% | 4.0% |
| Consumer Durables | 4.1% | 2.0% | 2.8% | 4.1% | 3.8% |
Allocation in Sep 2025change vs Aug 2025
- Diversified FMCG (2)
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 2025
<0.1%
unchanged vs Aug 2025
- Cash alone
- <0.1%
- cash and net receivables
- A year earlier
- −<0.1%
- Sep 2024
- Last 12 months
- −0.1% – 0.3%
- lowest to highest · record 0.3% in Jun 2025
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.