"Militants attacked the home of Peoples Democratic Party (PDP) Minister Farooq Andrabi in Dooru area of Anantnag district late last evening.
"Guards posted at the minister's ancestral home retaliated the militant fire. Firing exchanges continued for some time resulting in injuries to two security guards.
"Militants managed to decamp with four service rifles of the security guards," police said.
A massive manhunt was launched to trace the militants.
Injured security guards were shifted to hospital.
"The minister was not at his ancestral home when the attack took place," police added.
An AK-47 rifle was snatched by three persons from a police constable in Jammu on Saturday.
Police said two persons involved in the Jammu weapon snatching incident had been arrested while the third was still at large along with the snatched weapon.