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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
₹211 Cr
up ₹17.1 Cr vs Mar 2026
- Stocks held
- 50
- unchanged
- Top 10 weight
- 53.9%
- of the portfolio in its ten largest
- Cash & debt
- 1.5%
- cash, money market and debt
- Moves this month
- 0 in · 0 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 April 2026 it disclosed 50 stocks worth ₹211 Cr, up ₹17.1 Cr from Mar 2026. Its largest positions were Nestle India Limited (8.9%), Hindustan Unilever Limited (7.9%), Sun Pharmaceutical Industries Limited (7.8%); the ten largest together made up 53.9% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 16.2% of its equity. Cash and debt stood at 1.5%. Compared with Mar 2026 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
69%
Top-10 weight is higher than 69% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
22%
Holds more cash than 22% of peers
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.90%
- Δ weight
- up 0.67 pts
- Value
- ₹18.7 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 7.92%
- Δ weight
- up 0.08 pts
- Value
- ₹16.7 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 7.76%
- Δ weight
- down 0.84 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹30 L
- Status
- Trimmed
- Weight
- 6.68%
- Δ weight
- down 0.68 pts
- Value
- ₹14.1 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 6.32%
- Δ weight
- up 1.46 pts
- Value
- ₹13.3 Cr
- Δ value
- up ₹3.9 Cr
- Status
- Added
- Weight
- 4.88%
- Δ weight
- down 0.09 pts
- Value
- ₹10.3 Cr
- Δ value
- up ₹66 L
- Status
- Added
- Weight
- 3.32%
- Δ weight
- up 1.22 pts
- Value
- ₹7 Cr
- Δ value
- up ₹2.9 Cr
- Status
- Added
- Weight
- 3.14%
- Δ weight
- down 0.46 pts
- Value
- ₹6.6 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
- Weight
- 2.52%
- Δ weight
- down 0.66 pts
- Value
- ₹5.3 Cr
- Δ value
- down ₹85 L
- Status
- Trimmed
- Weight
- 2.49%
- Δ weight
- up 0.09 pts
- Value
- ₹5.2 Cr
- Δ value
- up ₹60 L
- Status
- Added
- Weight
- 2.15%
- Δ weight
- up 1.19 pts
- Value
- ₹4.5 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 2.03%
- Δ weight
- up 0.79 pts
- Value
- ₹4.3 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.97%
- Δ weight
- down 0.03 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹27 L
- Status
- Added
- Weight
- 1.88%
- Δ weight
- down 0.47 pts
- Value
- ₹4 Cr
- Δ value
- down ₹60 L
- Status
- Trimmed
- Weight
- 1.81%
- Δ weight
- up 0.16 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.48%
- Δ weight
- down 0.33 pts
- Value
- ₹3.1 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 1.34%
- Δ weight
- up 0.42 pts
- Value
- ₹2.8 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.19%
- Δ weight
- up 0.33 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹84 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.11 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- up 0.22 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹61 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up <0.01 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹18 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.12 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹41 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- down 0.04 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.13 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹42 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- up 0.07 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- down 0.17 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 1.01%
- Δ weight
- down 0.06 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹6 L
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.23 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹27 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- down 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹13 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.19 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹19 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.14 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.07 pts
- Value
- ₹2 Cr
- Δ value
- up ₹31 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.12 pts
- Value
- ₹2 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.03 pts
- Value
- ₹2 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.07 pts
- Value
- ₹2 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- up 0.07 pts
- Value
- ₹2 Cr
- Δ value
- up ₹30 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- down 0.06 pts
- Value
- ₹2 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.15 pts
- Value
- ₹2 Cr
- Δ value
- up ₹45 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 0.96%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- up ₹14 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- down 0.06 pts
- Value
- ₹2 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.14 pts
- Value
- ₹2 Cr
- Δ value
- down ₹12 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.37 pts
- Value
- ₹2 Cr
- Δ value
- down ₹56 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.54 pts
- Value
- ₹2 Cr
- Δ value
- down ₹88 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- up 0.09 pts
- Value
- ₹2 Cr
- Δ value
- up ₹34 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- up 0.06 pts
- Value
- ₹2 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- down 1.94 pts
- Value
- ₹2 Cr
- Δ value
- down ₹3.6 Cr
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- up 0.07 pts
- Value
- ₹2 Cr
- Δ value
- up ₹29 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- down 0.18 pts
- Value
- ₹2 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 0.83%
- Δ weight
- down 0.03 pts
- Value
- ₹1.7 Cr
- Δ value
- up ₹9 L
- Status
- Added
What changed, Mar 2026 to Apr 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Tata Consumer Products Limitedup ₹3.9 Cr (+1.46% pts)
- Dr. Reddy's Laboratories Limitedup ₹2.9 Cr (+1.22% pts)
- Nestle India Limitedup ₹2.8 Cr (+0.67% pts)
- Tech Mahindra Limitedup ₹2.7 Cr (+1.19% pts)
- Coal India Limitedup ₹1.9 Cr (+0.79% 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 Mar 2026, the weight rose most in Agricultural Food & Other Products (+1.5 pts) and IT - Software (+1.2 pts), and fell most in Banks (−2.8 pts) and Diversified FMCG (−0.7 pts).
- Agricultural Food & Other Products5.0% → 6.4%+1.5 pts
- IT - Software6.0% → 7.2%+1.2 pts
- Consumable Fuels1.3% → 2.1%+0.8 pts
- Food Products8.4% → 9.0%+0.7 pts
- Metals & Minerals Trading0.9% → 1.2%+0.3 pts
- Finance3.7% → 4.0%+0.3 pts
- Banks9.3% → 6.4%−2.8 pts
- Diversified FMCG15.5% → 14.8%−0.7 pts
- Healthcare Services4.7% → 4.2%−0.5 pts
- Power2.4% → 2.0%−0.4 pts
- Insurance3.2% → 2.8%−0.4 pts
- Oil1.3% → 1.0%−0.4 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 | Apr 2023 | Apr 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 21.0% | 16.1% | 14.4% | 14.1% | 16.0% | 16.2% |
| Diversified FMCG | 9.0% | 13.8% | 15.6% | 16.0% | 15.5% | 14.8% |
| Food Products | 16.5% | 8.2% | 8.5% | 8.8% | 8.4% | 9.0% |
| IT - Software | 10.9% | 11.7% | 6.7% | 7.1% | 6.0% | 7.2% |
| Banks | 6.1% | 11.4% | 9.8% | 9.9% | 9.3% | 6.4% |
| Agricultural Food & Other Products | 1.0% | 3.0% | 4.5% | 5.0% | 5.0% | 6.4% |
| Automobiles | 6.2% | 6.0% | 4.5% | 4.9% | 4.7% | 5.0% |
| Healthcare Services | 1.0% | 2.2% | 3.3% | 4.1% | 4.7% | 4.2% |
| Finance | 3.1% | 3.9% | 4.2% | 3.9% | 3.7% | 4.0% |
| Consumer Durables | 2.0% | 2.9% | 5.4% | 3.5% | 3.6% | 3.5% |
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, Apr 2026
1.5%
▼ 0.3 pts vs Mar 2026
- Cash alone
- 1.5%
- cash and net receivables
- A year earlier
- −<0.1%
- Apr 2025 · now ▲ 1.5 pts
- Last 12 months
- −<0.1% – 1.8%
- lowest to highest · record 1.8% in Mar 2026
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.