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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 ₹6 Cr vs Oct 2025
- Stocks held
- 50
- down 1 vs Oct 2025
- Top 10 weight
- 56.0%
- of the portfolio in its ten largest
- Cash & debt
- <0.1%
- cash, money market and debt
- Moves this month
- 0 in · 1 out
- added to 10, trimmed 33
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In November 2025 it disclosed 50 stocks worth ₹223 Cr, down ₹6 Cr from Oct 2025. Its largest positions were Nestle India Limited (8.3%), Sun Pharmaceutical Industries Limited (7.9%), ITC Limited (7.7%); the ten largest together made up 56.0% 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 Oct 2025 the fund entered 0 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
74%
Top-10 weight is higher than 74% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
1%
Holds more cash than 1% of peers
Holdings in November 2025
Download CSVEvery line the fund disclosed, with the change against Oct 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.32%
- Δ weight
- down 0.15 pts
- Value
- ₹18.6 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 7.90%
- Δ weight
- up 0.54 pts
- Value
- ₹17.7 Cr
- Δ value
- up ₹76 L
- Status
- Added
- Weight
- 7.66%
- Δ weight
- down 0.38 pts
- Value
- ₹17.1 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 7.46%
- Δ weight
- down 0.07 pts
- Value
- ₹16.7 Cr
- Δ value
- down ₹61 L
- Status
- Trimmed
- Weight
- 5.32%
- Δ weight
- up 0.05 pts
- Value
- ₹11.9 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 4.95%
- Δ weight
- up 0.58 pts
- Value
- ₹11.1 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 4.48%
- Δ weight
- down 0.02 pts
- Value
- ₹10 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 3.69%
- Δ weight
- up 0.08 pts
- Value
- ₹8.2 Cr
- Δ value
- down ₹4 L
- Status
- Held
- Weight
- 3.13%
- Δ weight
- up 0.04 pts
- Value
- ₹7 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 3.12%
- Δ weight
- up 0.03 pts
- Value
- ₹7 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 2.74%
- Δ weight
- up 0.04 pts
- Value
- ₹6.1 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 2.22%
- Δ weight
- down 0.13 pts
- Value
- ₹5 Cr
- Δ value
- down ₹43 L
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- up 0.07 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.70%
- Δ weight
- up 0.06 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.31%
- Δ weight
- up 0.15 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.05 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.04 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹1 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.05 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- up 0.03 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 1.07%
- Δ weight
- up 0.04 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- down <0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down <0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 0.07 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.05 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.03 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up <0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.06 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.04 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up <0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹5 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.03 pts
- Value
- ₹2.2 Cr
- Δ value
- —
- Status
- Held
- Weight
- 0.99%
- Δ weight
- down 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.04 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.06 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.05 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.09 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹27 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.06 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.03 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.04 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.07 pts
- Value
- ₹2 Cr
- Δ value
- down ₹22 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.04 pts
- Value
- ₹2 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.04 pts
- Value
- ₹2 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.06 pts
- Value
- ₹2 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.09 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- down 0.10 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹28 L
- Status
- Trimmed
- Weight
- 0.50%
- Δ weight
- down 0.08 pts
- Value
- ₹1.1 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.02%
- Δ weight
- down 0.05 pts
- Value
- ₹4 L
- Δ value
- down ₹11 L
- Status
- Trimmed
What changed, Oct 2025 to Nov 2025
New New positions (0)
None.
Exited Exited (1)
- Tata Motors Ltdwas 0.4% · ₹85 L
Added Biggest additions
- Asian Paints Limitedup ₹1 Cr (+0.58% pts)
- Sun Pharmaceutical Industries Limitedup ₹76 L (+0.54% pts)
- Shriram Transport Finance Company Limitedup ₹26 L (+0.15% pts)
- Mahindra & Mahindra Limitedup ₹9 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 Oct 2025, the weight rose most in Pharmaceuticals & Biotechnology (+0.7 pts) and Consumer Durables (+0.6 pts), and fell most in Diversified FMCG (−0.5 pts) and Agricultural, Commercial & Construction Vehicles (−0.4 pts).
- Pharmaceuticals & Biotechnology14.4% → 15.1%+0.7 pts
- Consumer Durables5.4% → 6.1%+0.6 pts
- IT - Software6.7% → 6.9%+0.2 pts
- Banks9.8% → 10.0%+0.2 pts
- Finance4.2% → 4.3%+0.1 pts
- Diversified FMCG15.6% → 15.1%−0.5 pts
- Agricultural, Commercial & Construction Vehicles0.4% → 0.0%exited−0.4 pts
- Retailing1.9% → 1.7%−0.2 pts
- Food Products8.5% → 8.3%−0.2 pts
- Ferrous Metals2.1% → 1.9%−0.1 pts
- Healthcare Services3.3% → 3.2%−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 | Nov 2024 | May 2025 | Aug 2025 | Oct 2025 | Nov 2025 |
|---|---|---|---|---|---|
| Diversified FMCG | 10.2% | 13.7% | 15.7% | 15.6% | 15.1% |
| Pharmaceuticals & Biotechnology | 15.4% | 15.3% | 13.1% | 14.4% | 15.1% |
| Banks | 6.6% | 11.3% | 9.3% | 9.8% | 10.0% |
| Food Products | 14.6% | 8.2% | 7.8% | 8.5% | 8.3% |
| IT - Software | 11.0% | 12.0% | 8.0% | 6.7% | 6.9% |
| Consumer Durables | 3.6% | 2.8% | 4.1% | 5.4% | 6.1% |
| Agricultural Food & Other Products | 4.7% | 2.8% | 3.7% | 4.5% | 4.5% |
| Automobiles | 5.7% | 6.2% | 6.5% | 4.5% | 4.4% |
| Finance | 2.8% | 4.1% | 3.8% | 4.2% | 4.3% |
| Healthcare Services | 5.6% | 2.1% | 6.7% | 3.3% | 3.2% |
Allocation in Nov 2025change vs Oct 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, Nov 2025
<0.1%
unchanged vs Oct 2025
- Cash alone
- <0.1%
- cash and net receivables
- A year earlier
- <0.1%
- Nov 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.