SBI Equity Minimum Variance Fund
SBI Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹24.2074 | — | — | — | — | — | — |
| Regular Growth | ₹23.5925 | +4.06% | -1.53% | -4.91% | +0.76% | +11.27% | +11.34% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
50
Top 5 Weight
37.58%
Top 10 Weight
53.93%
Active Share
—
Large Cap
97.56%
Gini
0.418
What Changed2026-03-31 → 2026-04-30
Holdings: 52 → 52+0 added−0 removed29 weight shifts ≥ 0.1%
| 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
Pharmaceuticals & Biotechnology16.0%
Diversified FMCG14.6%
Food Products8.9%
IT - Software7.1%
Banks6.3%
Agricultural Food & other Products6.3%
Automobiles4.9%
Healthcare Services4.1%
Finance3.9%
Consumer Durables3.5%
Top 10 sectors by % to NAV. Excludes derivatives.