SBI Equity Minimum Variance Fund vs SBI Nifty50 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
SBI Equity Minimum Variance Fund is a Thematic fund and SBI Nifty50 Equal Weight ETF is a mutual fund. In the year to 30-10-2026, SBI Equity Minimum Variance Fund (Direct) returned −7.9% and SBI Nifty50 Equal Weight ETF (Regular) returned −5.0%. SBI Equity Minimum Variance Fund charges 0.51% a year and SBI Nifty50 Equal Weight ETF 0.22%. Their portfolios overlap 60.5%: they hold 49 of the same securities.
SBI Equity Minimum Variance Fund
Thematic
- 1 year return
- −7.9%
- Expense ratio
- 0.51%
- NAV
- ₹23.31
SBI Nifty50 Equal Weight ETF
- 1 year return
- −5.0%
- Expense ratio
- 0.22%
- NAV
- ₹31.71
Which is better, SBI Equity Minimum Variance or SBI Nifty50 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty50 Equal Weight ETF returned more over 1 year: −5.0% against −7.9%.
- SBI Nifty50 Equal Weight ETF costs less: 0.22% a year against 0.51%.
- SBI Nifty50 Equal Weight ETF fell less in its worst fall since 22-07-2024: −18.0% against −20.3%.
- SBI Equity Minimum Variance is the larger fund: ₹194 Cr against ₹38 Cr.
- Their portfolios overlap 60.5%: 49 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | SBI Equity Minimum Variance Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹194 Cr (30-09-2026) | ₹38 Cr (30-09-2026) |
| NAV | ₹23.31 (Direct) | ₹31.71 (Regular) |
| Expense ratio (Direct) | 0.51% | Not available |
| Expense ratio (Regular) | 0.85% | 0.22% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty 50 TRI | Not available |
| Launch date | 19-03-2019 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Raviprakash Sharma | Not available |
| Exit load | Exit load of 0.5% if redeemed within 15 days. | Not available |
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| SBI Equity Minimum Variance Fund (Direct) | +0.96% | −6.84% | −3.97% | −7.93% | +6.88% | +8.10% | -- |
| SBI Nifty50 Equal Weight ETF (Regular) | +0.99% | −6.16% | −2.76% | −5.04% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 235 Thematic funds, same plan type.
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Year-wise Returns
| Year | Equity Minimum VarianceSBI Equity Minimum Variance | Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF |
|---|---|---|
| 2026to date | −8.13% | −5.78% |
| 2025 | +7.43% | +14.41% |
| 2024 | +8.40% | -- |
| 2023 | +28.44% | -- |
| 2022 | +6.52% | -- |
| 2021 | +24.35% | -- |
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against Nifty 50 TRI, the benchmark of SBI Equity Minimum Variance Fund
Rolling returns
Every 1-year holding period, 318 of them, one for each trading day from 22-07-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
SBI Equity Minimum Variance Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
Nifty 50 TRI
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Equity Minimum Variance | 41.2 | 33.6 | 22.6 | 2.5 | 0.0 | 0.0 | 0.0 | 0.6% | 0.8% | −11.3% | 13.1% | 42% |
| SBI Nifty50 Equal Weight ETF | 20.1 | 26.0 | 25.4 | 21.3 | 6.9 | 0.3 | 0.0 | 6.0% | 5.5% | −7.6% | 20.9% | 80% |
| Nifty 50 TRI | 43.4 | 22.0 | 17.6 | 16.7 | 0.3 | 0.0 | 0.0 | 2.0% | 0.9% | −11.8% | 15.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 50 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 22-07-2024. Past returns do not promise future returns.
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2024 to 30-10-2026: 28 instalments, ₹2,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Equity Minimum VarianceSBI Equity Minimum Variance Fund (Direct) | ₹2,80,000 | ₹2,68,975 | −₹11,025 | −3.3% |
| SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular) | ₹2,80,000 | ₹2,80,941 | ₹941 | 0.3% |
SBI Equity Minimum VarianceSBI Equity Minimum Variance Fund (Direct)
SBI Nifty50 Equal Weight ETFSBI Nifty50 Equal Weight ETF (Regular)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Equity Minimum Variance Fund (Direct) | SBI Nifty50 Equal Weight ETF (Regular) |
|---|---|---|
| Return (CAGR) | −7.93% | −5.04% |
| Standard deviation | 11.73% | 13.88% |
| Sharpe ratio | -1.12 | -0.74 |
| Sortino ratio | -1.44 | -0.98 |
| Maximum drawdown | −12.9% (31-03-2026) | −12.4% (31-03-2026) |
| Beta | 0.78 | 1.00 |
| Alpha | −1.24% | −0.28% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI Equity Minimum Variance Fund (Direct) | SBI Nifty50 Equal Weight ETF (Regular) |
|---|---|---|
| Return (CAGR) | +11.86% | +1.07% |
| Standard deviation | 14.87% | 13.55% |
| Sharpe ratio | 0.45 | -0.35 |
| Sortino ratio | 0.62 | -0.48 |
| Maximum drawdown | −33.0% (23-03-2020) | −18.0% (28-02-2025) |
| Beta | 0.79 | 1.00 |
| Alpha | +2.13% | −0.34% |
From daily NAVs, 27-03-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
SBI Equity Minimum Variance Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
Nifty 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Equity Minimum Variance Fund (Direct) | −20.3% | 27-09-2024 | 04-03-2025 | Not yet | -- | −14.4% |
| SBI Nifty50 Equal Weight ETF (Regular) | −18.0% | 27-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −8.1% |
| Nifty 50 TRI | −15.4% | 26-09-2024 | 04-03-2025 | 23-10-2025 | 8 months | −11.6% |
From daily values since 22-07-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI Equity Minimum Variance Fund (Direct)
SBI Nifty50 Equal Weight ETF (Regular)
Nifty 50 TRI
Against Nifty 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Equity Minimum Variance Fund (Direct) | 93% | 102% | 4.58% |
| SBI Nifty50 Equal Weight ETF (Regular) | 103% | 91% | 3.77% |
From month-end values since 22-07-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Equity Minimum Variance Fund, September 2026; SBI Nifty50 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 60.5%
- Held by both
- 49
- Only in SBI Equity Minimum Variance
- 1
- Only in SBI Nifty50 Equal Weight ETF
- 1
| Security | % of SBI Equity Minimum Variance | % of SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Dr. Reddy's Laboratories Ltd. | 3.55% | 2.10% |
| Coal India Ltd. | 4.89% | 2.04% |
| Tech Mahindra Ltd. | 4.58% | 2.02% |
| Sun Pharmaceutical Industries Ltd. | 8.25% | 2.01% |
| ITC Ltd. | 5.36% | 2.00% |
| Hindustan Unilever Ltd. | 5.80% | 1.98% |
| Tata Consumer Products Ltd. | 4.77% | 1.98% |
| Nestle India Ltd. | 7.70% | 1.97% |
| Cipla Ltd. | 4.82% | 1.97% |
| Bharti Airtel Ltd. | 1.95% | 2.02% |
| Apollo Hospitals Enterprise Ltd. | 7.98% | 1.88% |
| Asian Paints Ltd. | 1.39% | 2.01% |
| Eternal Ltd. | 1.22% | 1.96% |
| HCL Technologies Ltd. | 1.21% | 2.00% |
| Bajaj Auto Ltd. | 1.17% | 1.98% |
| Kotak Mahindra Bank Ltd. | 1.11% | 2.11% |
| Titan Company Ltd. | 1.09% | 1.92% |
| JSW Steel Ltd. | 1.09% | 2.01% |
| Hindalco Industries Ltd. | 1.05% | 1.97% |
| Eicher Motors Ltd. | 1.05% | 1.99% |
| Tata Consultancy Services Ltd. | 1.05% | 2.02% |
| Tata Steel Ltd. | 1.04% | 2.01% |
| Grasim Industries Ltd. | 1.03% | 1.96% |
| Oil & Natural Gas Corporation Ltd. | 1.02% | 1.96% |
| Ultratech Cement Ltd. | 1.01% | 2.01% |
| SBI Life Insurance Co. Ltd. | 1.01% | 1.99% |
| Adani Ports and Special Economic Zone Ltd. | 1.01% | 2.06% |
| Infosys Ltd. | 1.01% | 2.04% |
| ICICI Bank Ltd. | 1.00% | 2.04% |
| Bajaj Finance Ltd. | 1.00% | 1.97% |
| Bajaj Finserv Ltd. | 0.99% | 2.00% |
| Bharat Electronics Ltd. | 0.99% | 2.02% |
| Mahindra & Mahindra Ltd. | 0.99% | 1.99% |
| Larsen & Toubro Ltd. | 0.98% | 1.99% |
| Shriram Finance Ltd. | 0.98% | 2.02% |
| Reliance Industries Ltd. | 0.97% | 1.98% |
| Adani Enterprises Ltd. | 0.97% | 2.04% |
| HDFC Life Insurance Company Ltd. | 0.97% | 2.01% |
| State Bank of India | 0.97% | 2.00% |
| Interglobe Aviation Ltd. | 0.97% | 2.06% |
| NTPC Ltd. | 0.96% | 2.02% |
| Power Grid Corporation of India Ltd. | 0.96% | 1.98% |
| Jio Financial Services Ltd. | 0.96% | 1.96% |
| Axis Bank Ltd. | 0.96% | 2.05% |
| HDFC Bank Ltd. | 0.95% | 1.97% |
| Maruti Suzuki India Ltd. | 0.89% | 2.03% |
| Max Healthcare Institute Ltd. | 0.88% | 1.88% |
| Tata Motors Passenger Vehicles Ltd. | 0.87% | 2.00% |
| Trent Ltd. | 0.84% | 2.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.5% means 60.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in SBI Equity Minimum Variance Fund
| Security | % of fund |
|---|---|
| Wipro Ltd. | 0.97% |
Largest holdings only in SBI Nifty50 Equal Weight ETF
| Security | % of fund |
|---|---|
| BSE Ltd. | 1.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Equity Minimum Variance | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Equity | 99.2% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.8% | 0.0% |
Market cap of stocks
| Market cap | SBI Equity Minimum Variance | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Large Cap | 94.8% | 96.0% |
| Mid Cap | 4.4% | 4.0% |
| Small Cap | 0.0% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | SBI Equity Minimum Variance | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 16.6% | 6.1% |
| Diversified FMCG | 11.2% | 4.0% |
| Banks | 5.0% | 10.2% |
| Automobiles | 5.0% | 10.0% |
| Healthcare Services | 8.9% | 3.8% |
| IT - Software | 8.8% | 8.1% |
| Finance | 3.9% | 8.0% |
| Food Products | 7.7% | 2.0% |
| Ferrous Metals | 2.1% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Equity Minimum Variance vs SBI Nifty50 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Equity Minimum Variance Fund | SBI Nifty50 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.51% | Not available |
| Base expense ratio (Direct) | 0.36% | 0.00% |
| Total expense ratio (Regular) | 0.85% | 0.22% |
| Base expense ratio (Regular) | 0.65% | 0.15% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare SBI Equity Minimum Variance with
SBI Equity Minimum Variance Fund vs SBI Nifty50 Equal Weight ETF: Frequently Asked Questions
What is the difference between SBI Equity Minimum Variance Fund and SBI Nifty50 Equal Weight ETF?
SBI Equity Minimum Variance Fund is a Thematic fund, SBI Nifty50 Equal Weight ETF is a mutual fund, run by SBI Mutual Fund. Their portfolios overlap 60.5%. SBI Equity Minimum Variance Fund charges 0.51% a year and SBI Nifty50 Equal Weight ETF 0.22%.
Which has given higher returns, SBI Equity Minimum Variance Fund or SBI Nifty50 Equal Weight ETF?
Over 1 year: SBI Equity Minimum Variance Fund −7.93%, SBI Nifty50 Equal Weight ETF −5.04%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Equity Minimum Variance Fund or SBI Nifty50 Equal Weight ETF?
SBI Nifty50 Equal Weight ETF charges less: 0.22% a year against 0.51%. These are the total expense ratios reported to AMFI.
How much do SBI Equity Minimum Variance Fund and SBI Nifty50 Equal Weight ETF overlap?
60.5%. They hold 49 of the same securities, the largest shared ones being DRREDDY, COALINDIA, TECHM. From each fund's latest monthly portfolio.
Can I invest in both SBI Equity Minimum Variance Fund and SBI Nifty50 Equal Weight ETF?
Yes. 60.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.