SBI Equity Minimum Variance Fund
SBI Equity Minimum Variance is heavily tilted toward defensive, low-volatility stocks in FMCG, pharma, and consumer staples—sectors that cushion downturns but may cap upside in rallies. The concentrated portfolio of 52 holdings with over half the weight in just ten stocks signals conviction in quality stability over diversification. Recent rebalancing away from banking toward consumer and pharma suggests the manager favors resilient demand drivers over cyclical plays, betting on steady earnings rather than economic acceleration.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹24.4743 | — | — | — | — |
| Regular Growth | ₹23.8524 | +3.41% | +0.29% | +11.68% | +11.58% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Nestle India Ltd. INE239A01024 | 8.90% |
| 2 | Hindustan Unilever Ltd. INE030A01027 | 7.92% |
| 3 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 7.76% |
| 4 | ITC Ltd. INE154A01025 | 6.68% |
| 5 | Tata Consumer Products Ltd. INE192A01025 | 6.32% |
| 6 | Cipla Ltd. INE059A01026 | 4.88% |
| 7 | Dr. Reddy's Laboratories Ltd. INE089A01031 | 3.32% |
| 8 | Apollo Hospitals Enterprise Ltd. INE437A01024 | 3.14% |
| 9 | ICICI Bank Ltd. INE090A01021 | 2.52% |
| 10 | Asian Paints Ltd. INE021A01026 | 2.49% |
| 11 | Tech Mahindra Ltd. INE669C01036 | 2.15% |
| 12 | Coal India Ltd. INE522F01014 | 2.03% |
| 13 | Bharti Airtel Ltd. INE397D01024 | 1.97% |
| 14 | Tata Consultancy Services Ltd. INE467B01029 | 1.88% |
| 15 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.81% |
| 16 | TREPS | 1.57% |
| 17 | HCL Technologies Ltd. INE860A01027 | 1.34% |
| 18 | Adani Enterprises Ltd. INE423A01024 | 1.19% |
| 19 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | 1.09% |
| 20 | Trent Ltd. INE849A01020 | 1.06% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Equity Minimum Variance Fund hold?
SBI Equity Minimum Variance Fund holds 50 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 37.58% of NAV.
What is the largest holding in SBI Equity Minimum Variance Fund?
The largest position in SBI Equity Minimum Variance Fund is Nestle India Ltd., accounting for 8.90% of NAV in the Food Products sector.
Is SBI Equity Minimum Variance Fund a concentrated or diversified fund?
With a Gini coefficient of 0.418, SBI Equity Minimum Variance Fund is well-diversified. The HHI concentration index is 39,816 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 37.58% of the portfolio.
What is the market cap allocation of SBI Equity Minimum Variance Fund?
Based on SEBI's AMFI classification, SBI Equity Minimum Variance Fund's equity portfolio is split as: Large Cap: 97.56%, Mid Cap: 0.00%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Equity Minimum Variance Fund invest in most?
SBI Equity Minimum Variance Fund has the highest allocation to Pharmaceuticals & Biotechnology (15.96%), Diversified FMCG (14.60%), Food Products (8.90%). The fund is invested across 25 sectors in total.
How actively managed is SBI Equity Minimum Variance Fund compared to other Sectoral / Thematic funds?
SBI Equity Minimum Variance Fund has an Active Share of 66.79%, classifying it as "Active Stock Picker" among 237 Sectoral / Thematic peers. This indicates a moderate level of differentiation from category peers.