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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
₹229 Cr
up ₹6.8 Cr vs Sep 2025
- Stocks held
- 51
- up 1 vs Sep 2025
- Top 10 weight
- 55.3%
- of the portfolio in its ten largest
- Cash & debt
- 0.1%
- cash, money market and debt
- Moves this month
- 3 in · 2 out
- added to 10, trimmed 18
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In October 2025 it disclosed 51 stocks worth ₹229 Cr, up ₹6.8 Cr from Sep 2025. Its largest positions were Nestle India Limited (8.5%), ITC Limited (8.0%), Hindustan Unilever Limited (7.5%); the ten largest together made up 55.3% of the portfolio, and Diversified FMCG was the biggest sector at 15.6% of its equity. Cash and debt stood at 0.1%. Compared with Sep 2025 the fund entered 3 new stocks and exited 2.
Against 226 other Sectoral / Thematic funds
Concentration
73%
Top-10 weight is higher than 73% of peers
Breadth
67%
Holds more stocks than 67% of peers
Cash
1%
Holds more cash than 1% of peers
Holdings in October 2025
Download CSVEvery line the fund disclosed, with the change against Sep 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.47%
- Δ weight
- up 0.62 pts
- Value
- ₹19.4 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 8.04%
- Δ weight
- up 1.82 pts
- Value
- ₹18.5 Cr
- Δ value
- up ₹4.6 Cr
- Status
- Added
- Weight
- 7.53%
- Δ weight
- down 1.34 pts
- Value
- ₹17.3 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 7.36%
- Δ weight
- up 0.06 pts
- Value
- ₹16.9 Cr
- Δ value
- up ₹64 L
- Status
- Added
- Weight
- 5.27%
- Δ weight
- up 1.64 pts
- Value
- ₹12.1 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 4.49%
- Δ weight
- up 0.51 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 4.36%
- Δ weight
- up 1.44 pts
- Value
- ₹10 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 3.61%
- Δ weight
- up 0.25 pts
- Value
- ₹8.3 Cr
- Δ value
- up ₹80 L
- Status
- Added
- Weight
- 3.09%
- Δ weight
- up 0.15 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 3.09%
- Δ weight
- up 0.95 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 2.69%
- Δ weight
- down 1.43 pts
- Value
- ₹6.2 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 2.35%
- Δ weight
- down 4.18 pts
- Value
- ₹5.4 Cr
- Δ value
- down ₹9.2 Cr
- Status
- Trimmed
- Weight
- 1.80%
- Δ weight
- down 0.11 pts
- Value
- ₹4.1 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 1.64%
- Δ weight
- down 0.13 pts
- Value
- ₹3.8 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.17%
- Δ weight
- up 0.24 pts
- Value
- ₹2.7 Cr
- Δ value
- up ₹62 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.25 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- down 0.04 pts
- Value
- ₹2.5 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- up 0.14 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹40 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.02 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.07 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.13 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹37 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.07 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.06 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 1.02%
- Δ weight
- up 0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- down 0.08 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- up 0.08 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.05 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.02 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.09 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹27 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.10 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- down 0.02 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up <0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.99 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹2.3 Cr
- Status
- New
- Weight
- 0.99%
- Δ weight
- up 0.02 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.08 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- down 0.07 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down 0.12 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.13 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹35 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.32 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹65 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.97 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- New
- Weight
- 0.97%
- Δ weight
- up 0.05 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.20 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- down 0.28 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹57 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.07 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.09 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.06 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.34 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹69 L
- Status
- Trimmed
- Weight
- 0.58%
- Δ weight
- down 0.43 pts
- Value
- ₹1.3 Cr
- Δ value
- down ₹92 L
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- up 0.37 pts
- Value
- ₹85 L
- Δ value
- up ₹85 L
- Status
- New
- Cash, TREPS & receivables
- Weight
- 0.06%
- Δ weight
- up 0.06 pts
- Value
- ₹15 L
- Δ value
- up ₹14 L
- Status
- Added
What changed, Sep 2025 to Oct 2025
New New positions (3)
- Max Healthcare Institute Limited1.0% · ₹2.3 Cr
- InterGlobe Aviation Limited1.0% · ₹2.2 Cr
- Tata Motors Ltd0.4% · ₹85 L
Exited Exited (2)
- Hero MotoCorp Limitedwas 1.3% · ₹2.9 Cr
- IndusInd Bank Limitedwas 0.9% · ₹1.9 Cr
Added Biggest additions
- ITC Limitedup ₹4.6 Cr (+1.82% pts)
- Cipla Limited
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 Sep 2025, the weight rose most in Pharmaceuticals & Biotechnology (+1.6 pts) and Consumer Durables (+1.6 pts), and fell most in Healthcare Services (−3.2 pts) and Automobiles (−2.5 pts).
- Pharmaceuticals & Biotechnology12.8% → 14.4%+1.6 pts
- Consumer Durables3.8% → 5.4%+1.6 pts
- Transport Services0.0% → 1.0%new+1.0 pts
- Food Products7.9% → 8.5%+0.6 pts
- Agricultural Food & Other Products4.0% → 4.5%+0.5 pts
- Diversified FMCG15.1% → 15.6%+0.5 pts
- Healthcare Services6.5% → 3.3%−3.2 pts
- Automobiles7.0% → 4.5%−2.5 pts
- IT - Software7.6% → 6.7%−0.9 pts
- Retailing2.0% → 1.9%−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 | Oct 2024 | Apr 2025 | Jul 2025 | Sep 2025 | Oct 2025 |
|---|---|---|---|---|---|
| Diversified FMCG | 10.0% | 13.8% | 15.3% | 15.1% | 15.6% |
| Pharmaceuticals & Biotechnology | 15.5% | 16.1% | 13.6% | 12.8% | 14.4% |
| Banks | 6.4% | 11.4% | 9.8% | 9.4% | 9.8% |
| Food Products | 15.4% | 8.2% | 7.7% | 7.9% | 8.5% |
| IT - Software | 10.0% | 11.7% | 8.0% | 7.6% | 6.7% |
| Consumer Durables | 3.9% | 2.9% | 3.9% | 3.8% | 5.4% |
| Agricultural Food & Other Products | 4.8% | 3.0% | 3.8% | 4.0% | 4.5% |
| Automobiles | 5.6% | 6.0% | 6.0% | 7.0% | 4.5% |
| Finance | 2.9% | 3.9% | 3.9% | 4.0% | 4.2% |
| Healthcare Services | 5.5% | 2.2% | 6.6% | 6.5% | 3.3% |
Allocation in Oct 2025change vs Sep 2025
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, Oct 2025
0.1%
▲ 0.1 pts vs Sep 2025
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- −<0.1%
- Oct 2024 · now ▲ 0.1 pts
- 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.