SBI Equity Minimum Variance Fund
QuantVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹24.00+0.05%1 day
- Return since launch
- 12.2%
- 52-week range
- ₹21.71 — ₹24.96
- AUM
- ₹196 Cr
SBI Equity Minimum Variance Fund is a Quant equity fund from SBI Mutual Fund with ₹196 Cr under management, launched in 2019. Over three years it has returned 2.2% a year, against 10.8% for its category. The expense ratio is 0.85% and the SEBI riskometer reading is Very High.
Performance
SBI Equity Minimum Variance Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.1% against -0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.3% | +0.5 pts | 1.8% | 2.0% |
| 2Y | 2.0% | −1.8 pts | 3.7% | 2.0% |
| 3Y | 2.2% | −8.7 pts | 10.8% | 2.0% |
| 5Y | 7.3% | −2.3 pts | 9.6% | 7.7% |
| 7Y | 10.6% | −0.6 pts | 11.2% | 10.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.1% | +4.6 pts | 4.5% | 5.4% |
| 3M | -1.8% | +0.8 pts | -2.6% | -2.5% |
| 6M | 0.2% | −2.3 pts | 2.5% | 1.6% |
| 1Y | -1.5% | −3.4 pts | 1.8% | -0.1% |
| 2Y | 0.2% | −0.8 pts | 1.0% | -0.5% |
| 3Y | 7.7% | −3.2 pts | 10.8% | 8.6% |
| 5Y | 8.6% | −0.9 pts | 9.6% | 8.0% |
| 7Y | 12.9% | −0.3 pts | 13.2% | 13.1% |
Since launch (2 Mar 2019): 12.2%
Calendar-year returns
Category average24.2%
23.8%
6.2%
28.0%
8.1%
7.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | +4.4 pts | 2.7% |
| 2024 | 8.1% | −10.5 pts | 18.5% |
| 2023 | 28.0% | −4.9 pts | 32.9% |
| 2022 | 6.2% | +0.2 pts | 5.9% |
| 2021 | 23.8% | −8.8 pts | 32.6% |
| 2020 | 24.2% | +1.2 pts | 23.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.82%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.62%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.19%
- Exit load
- Exit load of 0.5% if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 50 Total Return
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -2.69 | 2.27 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.89 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.13 | 0.43 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.17 | 0.67 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.91 | 16.75 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Equity Minimum Variance Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.2%
- Other0.8%
Market cap split
- Large95.5%
- Mid4.5%
- P/E
- 21.32
- P/B
- 3.73
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries Ltd. | Healthcare | 8.25% | ₹16.03 Cr | +8.04% | +8.60% | +7.30% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 7.98% | ₹15.50 Cr | +3.59% | +3.60% | +6.53% |
| Nestle India Ltd. | Consumer Staples | 7.70% | ₹14.96 Cr | +8.63% | +8.23% | +7.86% |
| Hindustan Unilever Ltd. | Consumer Staples | 5.80% | ₹11.26 Cr | +7.50% | +7.84% | +8.87% |
| ITC Ltd. | Consumer Staples | 5.36% | ₹10.41 Cr | +6.12% | +7.36% | +6.22% |
| Coal India Ltd. | Materials | 4.89% | ₹9.50 Cr | +1.86% | +1.24% | +1.03% |
| Cipla Ltd. | Healthcare | 4.82% | ₹9.36 Cr | +5.49% | +4.97% | +3.63% |
| Tata Consumer Products Ltd. | Consumer Staples | 4.77% | ₹9.27 Cr | +5.98% | +4.86% | +3.99% |
| Tech Mahindra Ltd. | Technology | 4.58% | ₹8.89 Cr | +2.06% | +0.96% | +0.85% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 3.55% | ₹6.89 Cr | +3.43% | +2.10% | +1.91% |
| Bharti Airtel Ltd. | Communication | 1.95% | ₹3.79 Cr | +1.94% | +2.00% | +2.94% |
| Asian Paints Ltd. | Materials | 1.39% | ₹2.71 Cr | +2.70% | +2.40% | +2.92% |
| Eternal Ltd. | Services | 1.22% | ₹2.36 Cr | +1.04% | +0.90% | +1.27% |
| HCL Technologies Ltd. | Technology | 1.21% | ₹2.35 Cr | +1.21% | +0.92% | +0.82% |
| Bajaj Auto Ltd. | Automobile | 1.17% | ₹2.28 Cr | +1.01% | +1.04% | +1.06% |
| Kotak Mahindra Bank Ltd. | Financial | 1.11% | ₹2.16 Cr | +1.00% | +0.90% | +0.93% |
| JSW Steel Ltd. | Metals & Mining | 1.09% | ₹2.11 Cr | +0.98% | +1.06% | +1.10% |
| Titan Company Ltd. | Consumer Discretionary | 1.09% | ₹2.11 Cr | +0.98% | +1.09% | +0.92% |
| Hindalco Industries Ltd. | Metals & Mining | 1.05% | ₹2.05 Cr | +0.95% | +1.07% | +1.11% |
| Tata Consultancy Services Ltd. | Technology | 1.05% | ₹2.05 Cr | +1.55% | +2.35% | +4.12% |
| Eicher Motors Ltd. | Automobile | 1.05% | ₹2.04 Cr | +0.97% | +1.01% | +1.25% |
| Tata Steel Ltd. | Metals & Mining | 1.04% | ₹2.03 Cr | +0.89% | +1.18% | +1.04% |
| Grasim Industries Ltd. | Materials | 1.03% | ₹1.99 Cr | +1.11% | +1.00% | +0.98% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.02% | ₹1.98 Cr | +0.75% | +1.32% | +1.01% |
| Infosys Ltd. | Technology | 1.01% | ₹1.97 Cr | +0.70% | +0.85% | +0.91% |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.01% | ₹1.97 Cr | +1.20% | +0.99% | +0.99% |
| SBI Life Insurance Company Ltd. | Insurance | 1.01% | ₹1.96 Cr | +1.76% | +1.65% | +0.98% |
| Ultratech Cement Ltd. | Materials | 1.01% | ₹1.96 Cr | +0.97% | +1.01% | +1.00% |
| ICICI Bank Ltd. | Financial | 1.00% | ₹1.95 Cr | +2.76% | +3.18% | +3.36% |
| Bajaj Finance Ltd. | Financial | 1.00% | ₹1.94 Cr | +1.11% | +0.91% | +1.10% |
| Bharat Electronics Ltd. | Capital Goods | 0.99% | ₹1.93 Cr | +0.89% | +1.11% | +0.96% |
| Bajaj Finserv Ltd. | Financial | 0.99% | ₹1.93 Cr | +0.99% | +0.90% | +1.02% |
| Mahindra & Mahindra Ltd. | Automobile | 0.99% | ₹1.92 Cr | +0.93% | +0.87% | +1.10% |
| Larsen & Toubro Ltd. | Construction | 0.98% | ₹1.91 Cr | +1.05% | +0.94% | +1.04% |
| Shriram Finance Ltd | Financial | 0.98% | ₹1.90 Cr | +1.07% | +0.97% | +0.93% |
| Interglobe Aviation Ltd. | Services | 0.97% | ₹1.89 Cr | +1.17% | +0.86% | — |
| Adani Enterprises Ltd. | Services | 0.97% | ₹1.89 Cr | +1.51% | +0.86% | +0.97% |
| State Bank of India | Financial | 0.97% | ₹1.88 Cr | +0.92% | +1.10% | +1.09% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.97% | ₹1.88 Cr | +0.93% | +1.48% | +1.77% |
| Wipro Ltd. | Technology | 0.97% | ₹1.88 Cr | +0.80% | +0.84% | +0.91% |
| Reliance Industries Ltd. | Energy | 0.97% | ₹1.88 Cr | +0.88% | +0.95% | +0.91% |
| JIO Financial Services Ltd. | Financial | 0.96% | ₹1.87 Cr | +0.94% | +0.83% | +0.91% |
| Power Grid Corporation Of India Ltd. | Energy | 0.96% | ₹1.87 Cr | +0.90% | +1.22% | +0.97% |
| NTPC Ltd. | Energy | 0.96% | ₹1.86 Cr | +0.91% | +1.18% | +1.04% |
| Axis Bank Ltd. | Financial | 0.96% | ₹1.86 Cr | +1.03% | +1.03% | +0.98% |
| HDFC Bank Ltd. | Financial | 0.95% | ₹1.84 Cr | +0.97% | +2.88% | +2.14% |
| Maruti Suzuki India Ltd. | Automobile | 0.89% | ₹1.72 Cr | +1.02% | +0.81% | +1.29% |
| Max Healthcare Institute Ltd. | Healthcare | 0.88% | ₹1.70 Cr | +1.09% | +1.01% | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.87% | ₹1.69 Cr | +1.06% | +0.90% | +1.01% |
| Trent Ltd. | Services | 0.84% | ₹1.63 Cr | +1.27% | +0.84% | +0.77% |
| Others | Others | 0.77% | ₹1.50 Cr | +0.36% | -0.24% | -0.24% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Nestle India Ltd. | 8.27% | 7.70% | -0.57% |
| Coal India Ltd. | 4.35% | 4.89% | +0.54% |
| ITC Ltd. | 4.90% | 5.36% | +0.46% |
| Dr. Reddy's Laboratories Ltd. | 3.12% | 3.55% | +0.43% |
| Sun Pharmaceutical Industries Ltd. | 8.48% | 8.25% | -0.23% |
| Apollo Hospitals Enterprise Ltd. | 8.18% | 7.98% | -0.20% |
| Adani Ports and Special Economic Zone Ltd. | 0.85% | 1.01% | +0.16% |
| Tata Consumer Products Ltd. | 4.91% | 4.77% | -0.14% |
| Tata Consultancy Services Ltd. | 1.16% | 1.05% | -0.11% |
| Bajaj Finserv Ltd. | 1.09% | 0.99% | -0.10% |
| Wipro Ltd. | 1.06% | 0.97% | -0.09% |
| Hindustan Unilever Ltd. | 5.71% | 5.80% | +0.09% |
| Cipla Ltd. | 4.74% | 4.82% | +0.08% |
| Infosys Ltd. | 1.09% | 1.01% | -0.08% |
| Adani Enterprises Ltd. | 0.90% | 0.97% | +0.07% |
| Tata Steel Ltd. | 0.98% | 1.04% | +0.06% |
| Bharti Airtel Ltd. | 1.89% | 1.95% | +0.06% |
| Shriram Finance Ltd | 1.04% | 0.98% | -0.06% |
| Kotak Mahindra Bank Ltd. | 1.05% | 1.11% | +0.06% |
| Bajaj Auto Ltd. | 1.23% | 1.17% | -0.06% |
| HDFC Bank Ltd. | 0.89% | 0.95% | +0.06% |
| Asian Paints Ltd. | 1.45% | 1.39% | -0.06% |
| Maruti Suzuki India Ltd. | 0.94% | 0.89% | -0.05% |
| Titan Company Ltd. | 1.14% | 1.09% | -0.05% |
| Eicher Motors Ltd. | 1.10% | 1.05% | -0.05% |
| Power Grid Corporation Of India Ltd. | 0.91% | 0.96% | +0.05% |
| JIO Financial Services Ltd. | 1.01% | 0.96% | -0.05% |
| NTPC Ltd. | 0.91% | 0.96% | +0.05% |
| Eternal Ltd. | 1.17% | 1.22% | +0.05% |
| Max Healthcare Institute Ltd. | 0.92% | 0.88% | -0.04% |
| Mahindra & Mahindra Ltd. | 1.03% | 0.99% | -0.04% |
| State Bank of India | 1.01% | 0.97% | -0.04% |
| SBI Life Insurance Company Ltd. | 0.97% | 1.01% | +0.04% |
| Bajaj Finance Ltd. | 1.04% | 1.00% | -0.04% |
| ICICI Bank Ltd. | 1.04% | 1.00% | -0.04% |
| Oil And Natural Gas Corporation Ltd. | 0.98% | 1.02% | +0.04% |
| Grasim Industries Ltd. | 1.06% | 1.03% | -0.03% |
| Trent Ltd. | 0.87% | 0.84% | -0.03% |
| Tech Mahindra Ltd. | 4.60% | 4.58% | -0.02% |
| Tata Motors Passenger Vehicles Ltd. | 0.89% | 0.87% | -0.02% |
| HDFC Life Insurance Co Ltd. | 0.95% | 0.97% | +0.02% |
| Ultratech Cement Ltd. | 0.99% | 1.01% | +0.02% |
| JSW Steel Ltd. | 1.07% | 1.09% | +0.02% |
| Others | -0.13% | -0.11% | +0.02% |
| Hindalco Industries Ltd. | 1.07% | 1.05% | -0.02% |
| Larsen & Toubro Ltd. | 1.00% | 0.98% | -0.02% |
| Interglobe Aviation Ltd. | 0.96% | 0.97% | +0.01% |
| Reliance Industries Ltd. | 0.98% | 0.97% | -0.01% |
| HCL Technologies Ltd. | 1.22% | 1.21% | -0.01% |
| Axis Bank Ltd. | 0.95% | 0.96% | +0.01% |
| Bharat Electronics Ltd. | 1.00% | 0.99% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹669 Cr | 2.54% | 7.8% | 5.6% | 12.3% |
 Quant Quantamental Fund | ₹1,547 Cr | 2.75% | 8.6% | 6.5% | 14.1% |
 Samco Active Momentum Fund | ₹775 Cr | 3.40% | 21.2% | 6.8% | — |
 360 ONE Quant Fund | ₹751 Cr | 2.45% | -1.8% | 2.6% | — |
 ICICI Prudential Quant Fund | ₹164 Cr | 2.83% | 6.3% | 5.9% | 10.4% |
 Nippon India Quant Fund | ₹108 Cr | 1.27% | 4.8% | 6.1% | 12.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long term capital appreciation by investing in a diversified basket of companies in Nifty 50 Index while aiming for minimizing the portfolio volatility.
Fund managers
- Sukanya GhoshMs. Ghosh is a Commerce Graduate and holds a CA degree.Prior to this, she had worked as Asst. Manager-Product Development with ABN AMRO AMC and with Birla Sun Life AMC and in the intercompany team of ABN AMRO Central Enterprises Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months0.21% absolute | ₹60,000 | ₹60,126 | 0.21% | |
| 1 year−1.54% annualised | ₹1,20,000 | ₹1,19,004 | −0.83% | |
| 3 years7.66% annualised | ₹3,60,000 | ₹4,05,858 | 12.74% | |
| 5 years8.64% annualised | ₹6,00,000 | ₹7,52,536 | 25.42% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Equity Minimum Variance Fund?
The NAV of SBI Equity Minimum Variance Fund is ₹24.00 as on 9 Nov 2026.
What is the expense ratio of SBI Equity Minimum Variance Fund?
The expense ratio of SBI Equity Minimum Variance Fund is 0.85% per year.
What is the minimum SIP amount for SBI Equity Minimum Variance Fund?
You can start a SIP in SBI Equity Minimum Variance Fund with ₹3,000 a month.
What returns has SBI Equity Minimum Variance Fund given?
SBI Equity Minimum Variance Fund has returned 2.3% over 1 year, 2.2% over 3 years and 7.3% over 5 years (annualised).
Is there a lock-in or exit load on SBI Equity Minimum Variance Fund?
Lock-in: None. Exit load: Exit load of 0.5% if redeemed within 15 days..
How risky is SBI Equity Minimum Variance Fund?
SBI Equity Minimum Variance Fund is rated Very High on the SEBI riskometer and belongs to the Quant category.
Which fund house manages SBI Equity Minimum Variance Fund?
SBI Equity Minimum Variance Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹13,34,527 Cr under management.