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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
₹209 Cr
down ₹1.6 Cr vs Apr 2026
- Stocks held
- 50
- unchanged
- Top 10 weight
- 54.1%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 26
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In May 2026 it disclosed 50 stocks worth ₹209 Cr, down ₹1.6 Cr from Apr 2026. Its largest positions were Nestle India Limited (8.7%), Sun Pharmaceutical Industries Limited (7.8%), Hindustan Unilever Limited (7.6%); the ten largest together made up 54.1% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 16.5% of its equity. Cash and debt stood at 1.1%. Compared with Apr 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
13%
Holds more cash than 13% of peers
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.74%
- Δ weight
- down 0.16 pts
- Value
- ₹18.3 Cr
- Δ value
- down ₹48 L
- Status
- Trimmed
- Weight
- 7.78%
- Δ weight
- up 0.02 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 7.64%
- Δ weight
- down 0.28 pts
- Value
- ₹16 Cr
- Δ value
- down ₹72 L
- Status
- Trimmed
- Weight
- 6.56%
- Δ weight
- up 0.24 pts
- Value
- ₹13.7 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 6.13%
- Δ weight
- down 0.55 pts
- Value
- ₹12.8 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 5.26%
- Δ weight
- up 0.38 pts
- Value
- ₹11 Cr
- Δ value
- up ₹72 L
- Status
- Added
- Weight
- 3.39%
- Δ weight
- up 0.25 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹47 L
- Status
- Added
- Weight
- 3.30%
- Δ weight
- down 0.02 pts
- Value
- ₹6.9 Cr
- Δ value
- down ₹10 L
- Status
- Trimmed
- Weight
- 2.74%
- Δ weight
- up 0.25 pts
- Value
- ₹5.7 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 2.52%
- Δ weight
- up 0.01 pts
- Value
- ₹5.3 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 2.18%
- Δ weight
- up 0.03 pts
- Value
- ₹4.6 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.95%
- Δ weight
- down 0.08 pts
- Value
- ₹4.1 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- down 0.05 pts
- Value
- ₹4 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 1.83%
- Δ weight
- up 0.03 pts
- Value
- ₹3.8 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 1.73%
- Δ weight
- down 0.15 pts
- Value
- ₹3.6 Cr
- Δ value
- down ₹34 L
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- up 0.27 pts
- Value
- ₹3.1 Cr
- Δ value
- up ₹55 L
- Status
- Added
- Weight
- 1.33%
- Δ weight
- down 0.01 pts
- Value
- ₹2.8 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- up 0.11 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 1.19%
- Δ weight
- up 0.17 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Weight
- 1.13%
- Δ weight
- up 0.10 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹19 L
- Status
- Added
- Weight
- 1.12%
- Δ weight
- up 0.12 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.06 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Weight
- 1.09%
- Δ weight
- up 0.03 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.07%
- Δ weight
- down 0.41 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹88 L
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- up 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- down 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.03 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 0.99%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- up 0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.98%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 0.97%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹3 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.03 pts
- Value
- ₹2 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.02 pts
- Value
- ₹2 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.95%
- Δ weight
- down 0.02 pts
- Value
- ₹2 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.02 pts
- Value
- ₹2 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- down 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- down 0.08 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹18 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.06 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- Weight
- 0.91%
- Δ weight
- down 0.03 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹7 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.07 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- down 0.04 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.87%
- Δ weight
- down 0.09 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 0.85%
- Δ weight
- down 0.10 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹23 L
- Status
- Trimmed
- Weight
- 0.82%
- Δ weight
- down 0.01 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
What changed, Apr 2026 to May 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Cipla Limitedup ₹72 L (+0.38% pts)
- Adani Enterprises Limitedup ₹55 L (+0.27% pts)
- Asian Paints Limitedup ₹49 L (+0.25% pts)
- Apollo Hospitals Enterprise Limitedup ₹47 L (+0.25% pts)
- Tata Consumer Products Limitedup ₹39 L (+0.24% 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 Apr 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.3 pts) and Metals & Minerals Trading (+0.3 pts), and fell most in Diversified FMCG (−0.9 pts) and Food Products (−0.2 pts).
- Pharmaceuticals & Biotechnology16.2% → 16.5%+0.3 pts
- Metals & Minerals Trading1.2% → 1.5%+0.3 pts
- Healthcare Services4.2% → 4.4%+0.2 pts
- Agricultural Food & Other Products6.4% → 6.6%+0.2 pts
- Automobiles5.0% → 5.2%+0.2 pts
- Consumer Durables3.5% → 3.7%+0.2 pts
- Diversified FMCG14.8% → 13.9%−0.9 pts
- Food Products9.0% → 8.8%−0.2 pts
- IT - Software7.2% → 7.1%−0.1 pts
- Power2.0% → 1.9%−0.1 pts
- Oil1.0% → 0.9%−0.1 pts
- Banks6.4% → 6.3%−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 | May 2023 | May 2025 | Nov 2025 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 20.1% | 15.3% | 15.1% | 14.9% | 16.2% | 16.5% |
| Diversified FMCG | 9.4% | 13.7% | 15.1% | 15.6% | 14.8% | 13.9% |
| Food Products | 16.3% | 8.2% | 8.3% | 8.3% | 9.0% | 8.8% |
| IT - Software | 11.0% | 12.0% | 6.9% | 5.8% | 7.2% | 7.1% |
| Agricultural Food & Other Products | 1.0% | 2.8% | 4.5% | 5.0% | 6.4% | 6.6% |
| Banks | 6.2% | 11.3% | 10.0% | 9.9% | 6.4% | 6.3% |
| Automobiles | 6.5% | 6.2% | 4.4% | 5.1% | 5.0% | 5.2% |
| Healthcare Services | 1.0% | 2.1% | 3.2% | 4.6% | 4.2% | 4.4% |
| Finance | 3.1% | 4.1% | 4.3% | 4.0% | 4.0% | 4.0% |
| Consumer Durables | 2.1% | 2.8% | 6.1% | 3.5% | 3.5% | 3.7% |
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, May 2026
1.1%
▼ 0.4 pts vs Apr 2026
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- 0.2%
- May 2025 · now ▲ 0.9 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.