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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
up ₹38 L vs May 2026
- Stocks held
- 50
- unchanged
- Top 10 weight
- 54.2%
- of the portfolio in its ten largest
- Cash & debt
- 1.4%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 25
SBI Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from SBI Mutual Fund. In June 2026 it disclosed 50 stocks worth ₹209 Cr, up ₹38 L from May 2026. Its largest positions were Nestle India Limited (8.6%), Sun Pharmaceutical Industries Limited (8.0%), Hindustan Unilever Limited (7.5%); the ten largest together made up 54.2% of the portfolio, and Pharmaceuticals & Biotechnology was the biggest sector at 17.2% of its equity. Cash and debt stood at 1.4%. Compared with May 2026 the fund entered 0 new stocks and exited 0.
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
19%
Holds more cash than 19% of peers
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.63%
- Δ weight
- down 0.12 pts
- Value
- ₹18.1 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 8.04%
- Δ weight
- up 0.26 pts
- Value
- ₹16.8 Cr
- Δ value
- up ₹57 L
- Status
- Added
- Weight
- 7.50%
- Δ weight
- down 0.14 pts
- Value
- ₹15.7 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 6.12%
- Δ weight
- down 0.01 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 5.98%
- Δ weight
- down 0.58 pts
- Value
- ₹12.5 Cr
- Δ value
- down ₹1.2 Cr
- Status
- Trimmed
- Weight
- 5.49%
- Δ weight
- up 0.23 pts
- Value
- ₹11.5 Cr
- Δ value
- up ₹51 L
- Status
- Added
- Weight
- 3.59%
- Δ weight
- up 0.20 pts
- Value
- ₹7.5 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 3.43%
- Δ weight
- up 0.13 pts
- Value
- ₹7.2 Cr
- Δ value
- up ₹28 L
- Status
- Added
- Weight
- 2.76%
- Δ weight
- up 0.23 pts
- Value
- ₹5.8 Cr
- Δ value
- up ₹50 L
- Status
- Added
- Weight
- 2.70%
- Δ weight
- down 0.04 pts
- Value
- ₹5.7 Cr
- Δ value
- down ₹8 L
- Status
- Trimmed
- Weight
- 2.06%
- Δ weight
- down 0.12 pts
- Value
- ₹4.3 Cr
- Δ value
- down ₹24 L
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- up 0.02 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹5 L
- Status
- Added
- Weight
- 1.86%
- Δ weight
- down 0.08 pts
- Value
- ₹3.9 Cr
- Δ value
- down ₹17 L
- Status
- Trimmed
- Weight
- 1.76%
- Δ weight
- down 0.07 pts
- Value
- ₹3.7 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 1.55%
- Δ weight
- down 0.18 pts
- Value
- ₹3.2 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- up 0.05 pts
- Value
- ₹3.2 Cr
- Δ value
- up ₹10 L
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 1.37%
- Δ weight
- up 0.30 pts
- Value
- ₹2.9 Cr
- Δ value
- up ₹63 L
- Status
- Added
- Weight
- 1.27%
- Δ weight
- up 0.18 pts
- Value
- ₹2.7 Cr
- Δ value
- up ₹38 L
- Status
- Added
- Weight
- 1.21%
- Δ weight
- down 0.13 pts
- Value
- ₹2.5 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- up <0.01 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 1.17%
- Δ weight
- up 0.21 pts
- Value
- ₹2.4 Cr
- Δ value
- up ₹44 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.10 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹22 L
- Status
- Added
- Weight
- 1.11%
- Δ weight
- down 0.01 pts
- Value
- ₹2.3 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 0.16 pts
- Value
- ₹2.3 Cr
- Δ value
- up ₹33 L
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 1.07%
- Δ weight
- up 0.10 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹20 L
- Status
- Added
- Weight
- 1.06%
- Δ weight
- down 0.13 pts
- Value
- ₹2.2 Cr
- Δ value
- down ₹26 L
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- up 0.02 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 1.04%
- Δ weight
- up 0.05 pts
- Value
- ₹2.2 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 1.03%
- Δ weight
- up 0.04 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹9 L
- Status
- Added
- Weight
- 1.02%
- Δ weight
- up 0.07 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 1.01%
- Δ weight
- down 0.08 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.02 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down <0.01 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹0 L
- Status
- Held
- Weight
- 0.98%
- Δ weight
- up 0.07 pts
- Value
- ₹2.1 Cr
- Δ value
- up ₹15 L
- Status
- Added
- Weight
- 0.98%
- Δ weight
- down 0.04 pts
- Value
- ₹2.1 Cr
- Δ value
- down ₹9 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- down 0.02 pts
- Value
- ₹2 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.97%
- Δ weight
- up 0.06 pts
- Value
- ₹2 Cr
- Δ value
- up ₹14 L
- Status
- Added
- Weight
- 0.97%
- Δ weight
- down 0.02 pts
- Value
- ₹2 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.17 pts
- Value
- ₹2 Cr
- Δ value
- down ₹36 L
- Status
- Trimmed
- Weight
- 0.94%
- Δ weight
- down 0.01 pts
- Value
- ₹2 Cr
- Δ value
- down ₹2 L
- Status
- Trimmed
- Weight
- 0.93%
- Δ weight
- up 0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹1 L
- Status
- Added
- Weight
- 0.93%
- Δ weight
- down 0.03 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹6 L
- Status
- Trimmed
- Weight
- 0.92%
- Δ weight
- up 0.05 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹12 L
- Status
- Added
- Weight
- 0.91%
- Δ weight
- down 0.08 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- Weight
- 0.90%
- Δ weight
- down 0.02 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹3 L
- Status
- Trimmed
- Weight
- 0.89%
- Δ weight
- up <0.01 pts
- Value
- ₹1.9 Cr
- Δ value
- up ₹0 L
- Status
- Held
- Weight
- 0.89%
- Δ weight
- down 0.10 pts
- Value
- ₹1.9 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 0.88%
- Δ weight
- down 0.02 pts
- Value
- ₹1.8 Cr
- Δ value
- down ₹4 L
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- down 0.16 pts
- Value
- ₹1.7 Cr
- Δ value
- down ₹33 L
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- down 0.10 pts
- Value
- ₹1.6 Cr
- Δ value
- down ₹20 L
- Status
- Trimmed
- Weight
- 0.70%
- Δ weight
- down 0.11 pts
- Value
- ₹1.5 Cr
- Δ value
- down ₹24 L
- Status
- Trimmed
What changed, May 2026 to Jun 2026
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Sun Pharmaceutical Industries Limitedup ₹57 L (+0.26% pts)
- Cipla Limitedup ₹51 L (+0.23% pts)
- ICICI Bank Limitedup ₹50 L (+0.23% pts)
- InterGlobe Aviation Limitedup ₹44 L (+0.21% pts)
- Apollo Hospitals Enterprise Limitedup ₹44 L (+0.20% 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 May 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.7 pts) and Banks (+0.4 pts), and fell most in IT - Software (−0.7 pts) and Agricultural Food & Other Products (−0.6 pts).
- Pharmaceuticals & Biotechnology16.5% → 17.2%+0.7 pts
- Banks6.3% → 6.8%+0.4 pts
- Healthcare Services4.4% → 4.8%+0.4 pts
- Retailing2.1% → 2.3%+0.2 pts
- Transport Services1.0% → 1.2%+0.2 pts
- Finance4.0% → 4.2%+0.2 pts
- IT - Software7.1% → 6.4%−0.7 pts
- Agricultural Food & Other Products6.6% → 6.1%−0.6 pts
- Non - Ferrous Metals1.1% → 1.0%−0.2 pts
- Ferrous Metals2.0% → 1.9%−0.1 pts
- Automobiles5.2% → 5.1%−0.1 pts
- Diversified FMCG13.9% → 13.8%−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 | Jun 2023 | Jun 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Pharmaceuticals & Biotechnology | 20.9% | 15.1% | 14.7% | 16.0% | 16.5% | 17.2% |
| Diversified FMCG | 9.0% | 13.2% | 14.7% | 15.5% | 13.9% | 13.8% |
| Food Products | 16.5% | 8.2% | 8.7% | 8.4% | 8.8% | 8.7% |
| Banks | 5.9% | 11.3% | 9.9% | 9.3% | 6.3% | 6.8% |
| IT - Software | 10.5% | 12.1% | 7.2% | 6.0% | 7.1% | 6.4% |
| Agricultural Food & Other Products | 1.1% | 2.7% | 4.6% | 5.0% | 6.6% | 6.1% |
| Automobiles | 6.5% | 6.1% | 4.6% | 4.7% | 5.2% | 5.1% |
| Healthcare Services | 1.1% | 2.2% | 3.0% | 4.7% | 4.4% | 4.8% |
| Finance | 3.1% | 4.3% | 4.4% | 3.7% | 4.0% | 4.2% |
| Consumer Durables | 2.1% | 2.8% | 6.0% | 3.6% | 3.7% | 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, Jun 2026
1.4%
▲ 0.3 pts vs May 2026
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 0.3%
- Jun 2025 · now ▲ 1.1 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.