Loading…
Sectoral / Thematic · SBI Mutual Fund · AMFI code 146641SBI Equity Minimum Variance Fund
Disclosed for 41 months, Jan 2023 to Sep 2026.
Portfolio value
₹221 Cr
down ₹2 Cr vs Nov 2025
- Stocks held
- 51
- up 1 vs Nov 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
- 1 in · 0 out
- added to 10, trimmed 21
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In December 2025 it disclosed 51 stocks worth ₹221 Cr, down ₹2 Cr from Nov 2025. Its largest positions were Nestle India Limited (8.6%), ITC Limited (7.7%), Sun Pharmaceutical Industries Limited (7.5%); the ten largest together made up 55.3% of the portfolio, and Diversified FMCG was the biggest sector at 14.7% of its equity. Cash and debt stood at −<0.1%. Compared with Nov 2025 the fund entered 1 new stock and exited 0.
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 December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.56%
- Δ weight
- up 0.24 pts
- Value
- ₹19 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 7.69%
- Δ weight
- up 0.03 pts
- Value
- ₹17 Cr
- Δ value
- down ₹8 L
- Status
- Held
- Weight
- 7.47%
- Δ weight
- down 0.43 pts
- Value
- ₹16.5 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 7.06%
- Δ weight
- down 0.41 pts
- Value
- ₹15.6 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 5.29%
- Δ weight
- down 0.03 pts
- Value
- ₹11.7 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 4.80%
- Δ weight
- down 0.15 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹42 L
- Status
- Trimmed
- Weight
- 4.59%
- Δ weight
- up 0.11 pts
- Value
- ₹10.2 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 3.59%
- Δ weight
- down 0.10 pts
- Value
- ₹8 Cr
- Δ value
- down ₹29 L
- Status
- Trimmed
- Weight
- 3.16%
- Δ weight
- up 0.03 pts
- Value
- ₹7 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 3.09%
- Δ weight
- down 0.03 pts
- Value
- ₹6.8 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 2.82%
- Δ weight
- up 0.08 pts
- Value
- ₹6.2 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 2.15%
- Δ weight
- down 0.07 pts
- Value
- ₹4.8 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 1.90%
- Δ weight
- up 0.03 pts
- Value
- ₹4.2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.68%
- Δ weight
- down 0.02 pts
- Value
- ₹3.7 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.55%
- Δ weight
- up 0.23 pts
- Value
- ₹3.4 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 1.15%
- Δ weight
- up 0.05 pts
- Value
- ₹2.6 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.01 pts
- Value
- ₹2.5 Cr
- Δ value
- down ₹1 L
- Status
- Held
- Weight
- 1.11%
- Δ weight
- up 0.11 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 1.09%
- Δ weight
- up 0.04 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.06 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.08%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 1.07%
- Δ weight
- down <0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 1.07%
- Δ weight
- up 0.04 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 1.06%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.06 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- down 0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.08 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.04 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- up 0.05 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.04 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.06 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.97%
- Δ weight
- down 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down 0.03 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- down <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.04 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹11 L
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.92%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.90%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.09 pts
- Value
- ₹2 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- up 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.87%
- Δ weight
- down 0.14 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹32 L
- Status
- Trimmed
- Weight
- 0.86%
- Δ weight
- down 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.06 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- up 0.02 pts
- Value
- ₹1.1 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.12%
- Δ weight
- up 0.12 pts
- Value
- ₹27 L
- Δ value
- up ₹27 L
- Status
- New
- Cash, TREPS & receivables
- Weight
- −<0.01%
- Δ weight
- down 0.02 pts
- Value
- −₹0 L
- Δ value
- down ₹4 L
- Status
- Trimmed
What changed, Nov 2025 to Dec 2025
New New positions (1)
- Kwality Walls (India) Limited0.1% · ₹27 L
Exited Exited (0)
None.
Added Biggest additions
- Shriram Transport Finance Company Limitedup ₹49 L (+0.23% pts)
- Nestle India Limitedup ₹36 L (+0.24% pts)
- Hindalco Industries Limitedup ₹21 L (+0.11% pts)
- Tata Consumer Products Limitedup ₹15 L (+0.11% 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 Nov 2025, the weight rose most in Food Products (+0.4 pts) and IT - Software (+0.2 pts), and fell most in Pharmaceuticals & Biotechnology (−0.4 pts) and Diversified FMCG (−0.4 pts).
- Food Products8.3% → 8.7%+0.4 pts
- IT - Software6.9% → 7.2%+0.2 pts
- Automobiles4.4% → 4.6%+0.1 pts
- Finance4.3% → 4.4%+0.1 pts
- Agricultural Food & Other Products4.5% → 4.6%+0.1 pts
- Non - Ferrous Metals1.0% → 1.1%+0.1 pts
- Pharmaceuticals & Biotechnology15.1% → 14.7%−0.4 pts
- Diversified FMCG15.1% → 14.7%−0.4 pts
- Healthcare Services3.2% → 3.0%−0.2 pts
- Transport Services1.0% → 0.9%−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 | Dec 2024 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|
| Diversified FMCG | 9.8% | 13.2% | 15.1% | 15.1% | 14.7% |
| Pharmaceuticals & Biotechnology | 16.8% | 15.1% | 12.8% | 15.1% | 14.7% |
| Banks | 6.5% | 11.3% | 9.4% | 10.0% | 9.9% |
| Food Products | 14.3% | 8.2% | 7.9% | 8.3% | 8.7% |
| IT - Software | 11.0% | 12.1% | 7.6% | 6.9% | 7.2% |
| Consumer Durables | 3.4% | 2.8% | 3.8% | 6.1% | 6.0% |
| Agricultural Food & Other Products | 4.6% | 2.7% | 4.0% | 4.5% | 4.6% |
| Automobiles | 5.6% | 6.1% | 7.0% | 4.4% | 4.6% |
| Finance | 2.8% | 4.3% | 4.0% | 4.3% | 4.4% |
| Telecom - Services | 1.6% | 3.1% | 2.9% | 3.1% | 3.2% |
Allocation in Dec 2025change vs Nov 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, Dec 2025
−<0.1%
unchanged vs Nov 2025
- Cash alone
- 0.0%
- cash and net receivables
- A year earlier
- −0.1%
- Dec 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.