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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
₹216 Cr
up ₹3.2 Cr vs Jan 2026
- Stocks held
- 50
- down 1 vs Jan 2026
- Top 10 weight
- 54.3%
- 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 14
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In February 2026 it disclosed 50 stocks worth ₹216 Cr, up ₹3.2 Cr from Jan 2026. Its largest positions were Nestle India Limited (8.3%), Hindustan Unilever Limited (8.2%), Sun Pharmaceutical Industries Limited (7.8%); the ten largest together made up 54.3% 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 Jan 2026 the fund entered 0 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
70%
Top-10 weight is higher than 70% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
1%
Holds more cash than 1% of peers
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.32%
- Δ weight
- down 0.29 pts
- Value
- ₹18 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 8.21%
- Δ weight
- down 0.15 pts
- Value
- ₹17.8 Cr
- Δ value
- down ₹6 L
- Status
- Held
- Weight
- 7.83%
- Δ weight
- up 0.61 pts
- Value
- ₹16.9 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 7.39%
- Δ weight
- down 0.23 pts
- Value
- ₹16 Cr
- Δ value
- down ₹25 L
- Status
- Trimmed
- Weight
- 5.04%
- Δ weight
- up 0.07 pts
- Value
- ₹10.9 Cr
- Δ value
- up ₹32 L
- Status
- Added
- Weight
- 5.03%
- Δ weight
- up 0.01 pts
- Value
- ₹10.9 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 3.49%
- Δ weight
- up 0.37 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹91 L
- Status
- Added
- Weight
- 3.35%
- Δ weight
- up 0.05 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 3.21%
- Δ weight
- down 0.16 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹24 L
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- down 0.06 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 2.42%
- Δ weight
- down 0.46 pts
- Value
- ₹5.2 Cr
- Δ value
- down ₹90 L
- Status
- Trimmed
- Weight
- 1.98%
- Δ weight
- up 0.10 pts
- Value
- ₹4.3 Cr
- Δ value
- up ₹27 L
- Status
- Added
- Weight
- 1.94%
- Δ weight
- down 0.10 pts
- Value
- ₹4.2 Cr
- Δ value
- down ₹15 L
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- up 0.03 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.65%
- Δ weight
- down 0.04 pts
- Value
- ₹3.6 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.12 pts
- Value
- ₹2.7 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.20%
- Δ weight
- up 0.10 pts
- Value
- ₹2.6 Cr
- Δ value
- up ₹26 L
- Status
- Added
- Weight
- 1.19%
- Δ weight
- up 0.04 pts
- Value
- ₹2.6 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 1.14%
- Δ weight
- down 0.02 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 1.14%
- Δ weight
- up 0.16 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹37 L
- Status
- Added
- Weight
- 1.13%
- Δ weight
- up 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 1.13%
- Δ weight
- up 0.12 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.07 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.04 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- up 0.09 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.10%
- Δ weight
- up 0.06 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 1.10%
- Δ weight
- down 0.01 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- down 0.03 pts
- Value
- ₹2.4 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- up 0.04 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹11 L
- Status
- Added
- Weight
- 1.07%
- Δ weight
- up 0.09 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.13 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.08 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹21 L
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.07 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.07 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹17 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.05 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 1.01%
- Δ weight
- up 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹7 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.06 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹16 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.04 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.92%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.91%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹8 L
- Status
- Added
- Weight
- 0.90%
- Δ weight
- up 0.01 pts
- Value
- ₹2 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 0.90%
- Δ weight
- down 0.00 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- down 0.10 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.20 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹39 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.00 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.87%
- Δ weight
- down 0.25 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹51 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- down 0.15 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.22 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 0.07%
- Δ weight
- down 0.00 pts
- Value
- ₹16 L
- Δ value
- down ₹0 L
- Status
- Trimmed
What changed, Jan 2026 to Feb 2026
New New positions (0)
None.
Exited Exited (1)
- Kwality Walls (India) Limitedwas 0.1% · ₹27 L
Added Biggest additions
- Sun Pharmaceutical Industries Limitedup ₹1.6 Cr (+0.61% pts)
- Apollo Hospitals Enterprise Limitedup ₹91 L (+0.37% pts)
- Power Grid Corporation of India Limitedup ₹37 L (+0.16% pts)
- Cipla Limitedup ₹32 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 Jan 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.8 pts) and Healthcare Services (+0.5 pts), and fell most in IT - Software (−1.3 pts) and Food Products (−0.4 pts).
- Pharmaceuticals & Biotechnology14.1% → 14.9%+0.8 pts
- Healthcare Services4.1% → 4.6%+0.5 pts
- Automobiles4.9% → 5.1%+0.2 pts
- Power2.0% → 2.3%+0.2 pts
- Ferrous Metals2.2% → 2.3%+0.1 pts
- Finance3.9% → 4.0%+0.1 pts
- IT - Software7.1% → 5.8%−1.3 pts
- Food Products8.8% → 8.3%−0.4 pts
- Diversified FMCG16.0% → 15.6%−0.4 pts
- Telecom - Services2.0% → 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 | Feb 2023 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|---|
| Diversified FMCG | 9.5% | 11.8% | 15.7% | 15.1% | 16.0% | 15.6% |
| Pharmaceuticals & Biotechnology | 19.1% | 15.4% | 13.1% | 15.1% | 14.1% | 14.9% |
| Banks | 5.8% | 7.5% | 9.3% | 10.0% | 9.9% | 9.9% |
| Food Products | 16.7% | 15.9% | 7.8% | 8.3% | 8.8% | 8.3% |
| IT - Software | 10.8% | 11.8% | 8.0% | 6.9% | 7.1% | 5.8% |
| Automobiles | 6.2% | 5.8% | 6.5% | 4.4% | 4.9% | 5.1% |
| Agricultural Food & Other Products | 1.0% | 1.2% | 3.7% | 4.5% | 5.0% | 5.0% |
| Healthcare Services | 1.0% | 5.3% | 6.7% | 3.2% | 4.1% | 4.6% |
| Finance | 2.9% | 3.6% | 3.8% | 4.3% | 3.9% | 4.0% |
| Consumer Durables | 1.9% | 2.0% | 4.1% | 6.1% | 3.5% | 3.5% |
Allocation in Feb 2026
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, Feb 2026
0.1%
unchanged vs Jan 2026
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- 0.0%
- Feb 2025
- Last 12 months
- −0.0% – 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.