Two funds walk into a table. Only the numbers talk.
SBI Equity Minimum Variance Fund vs Nippon India Taiwan Equity Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- ASBI Equity Minimum Variance Fund
SBI Mutual Fund- Sectoral / Thematic Fund
- Direct plan
- Very High Risk
NAV ₹24.63 on 13 Nov 2026
- BNippon India Taiwan Equity Fund
Nippon India Mutual Fund- Sectoral / Thematic Fund
- Direct plan
- Very High Risk
NAV ₹28.76 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 3 years all of them have been around.
Grew faster
BNippon India Taiwan Equity Fund
Nippon India Taiwan Equity Fund returned 46.5% a year over 3 years, against 7.9% for SBI Equity Minimum Variance Fund. ₹1 lakh invested 3 years ago would be about ₹3.15 Lakh today, against ₹1.26 Lakh.
Smoother ride
ASBI Equity Minimum Variance Fund
SBI Equity Minimum Variance Fund swung the least: about 11.7% a year either way, against 38.1% for Nippon India Taiwan Equity Fund. Lower means fewer scary days.
Fell less in a crash
No fair winner yet
At its worst, SBI Equity Minimum Variance Fund fell 33% from its peak, against 44.8% for Nippon India Taiwan Equity Fund. On ₹1 lakh, that's a dip to ₹55,225 at the bottom for Nippon India Taiwan Equity Fund. Could you have held on?
Not a fair fight: we only have data for Nippon India Taiwan Equity Fund (from Dec 2021), so it has not been through the 2020 crash the others fell in.
Costs less
ASBI Equity Minimum Variance Fund
SBI Equity Minimum Variance Fund charges 0.53% a year, against 1.06% for Nippon India Taiwan Equity Fund. On ₹1 lakh that's ₹530 a year against ₹1,060, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- ASBI Equity Minimum Variance Fund₹12,332 from ₹10,000(7.3% a year)
- BNippon India Taiwan Equity Fund₹30,587 from ₹10,000(45.3% a year)
A one-time ₹10,000 put in 3 years ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
ASBI Equity Minimum Variance Fund
- Strength: Beat a 5-year SBI FD: 8.9% a year over 5 years, against 6.05%
- Strength: Swings less than most funds in its category
- Watch out: Behind its category: 8.9% a year over 5 years, against a category average of 12.5%
- Watch out: In the bottom quarter of its category over 5 years (#78 of 100)
- Watch out: Fell harder than its category in the worst crash
- Watch out: Small fund (₹194 Cr), often newer or less tested
BNippon India Taiwan Equity Fund
- Strength: Ahead of its category: 46.5% a year over 3 years, against a category average of 15%
- Strength: In the top quarter of its category over 3 years (#1 of 139)
- Strength: Beat a 5-year SBI FD: 46.5% a year over 3 years, against 6.05%
- Watch out: Swings more than most funds in its category
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | ASBI Equity Minimum Variance Fund | BNippon India Taiwan Equity Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | -2.8%#197 of 226 · avg 6.1% | 60.6%Best#1 of 226 · avg 6.1% |
| 3 yearsPer year, over a full market mood swing | 7.9%#128 of 139 · avg 15% | 46.5%Best#1 of 139 · avg 15% |
| 5 yearsPer year, the fairest single test | 8.9%#78 of 100 · avg 12.5% | – |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 11.7%Bestcategory avg 15.8% | 38.1%category avg 15.8% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −33%category avg −25.5% | −44.8%data from 14 Dec 2021 only |
| Best 12 monthsIts strongest year | 88.5% | 279.5%data from 14 Dec 2021 only |
| Worst 12 monthsIts weakest year | -25.7% | -33.6%data from 14 Dec 2021 only |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 84% | 86%data from 14 Dec 2021 only |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 0.53%Best | 1.06% |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹194 Cr | ₹1,147 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | – |
| Lock-inTime before you can withdraw | None | None |
| What it holdsWhere the money sits. Equity is shares, debt is bonds, cash is waiting to be invested. | ||
| In sharesEquity | 99.2% | – |
| In cashNot yet invested | 0.8% | – |
| HoldingsNumber of investments | 50 | – |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Top 10 holdings
Marked Both where another fund here holds it too.
ASBI Equity Minimum Variance Fund
- Apollo Hospitals Enterprise Ltd8.1%
- Sun Pharmaceutical Industries Ltd7.7%
- Cipla Ltd6.2%
- Nestle India Ltd5.8%
- ITC Ltd5.4%
- Tech Mahindra Ltd5.3%
- Coal India Ltd5.2%
- Tata Consumer Products Ltd5.1%
- Hindustan Unilever Ltd4.8%
- Dr. Reddy's Laboratories Ltd3.5%
As on 31 Oct 2026
BNippon India Taiwan Equity Fund
Holdings are not available for this fund yet.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
ASBI Equity Minimum Variance Fund
Might suit you if…
- a smoother ride matters more to you than the top return
- you care about keeping costs low, which adds up over decades
BNippon India Taiwan Equity Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls