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Sectoral / Thematic · ICICI Prudential Mutual Fund · AMFI code 153068ICICI Prudential Equity Minimum Variance Fund
Disclosed for 21 months, Jan 2025 to Sep 2026.
Portfolio value
₹3,770 Cr
up ₹124 Cr vs May 2025
- Stocks held
- 34
- up 2 vs May 2025
- Top 10 weight
- 43.9%
- of the portfolio in its ten largest
- Cash & debt
- 10.7%
- cash, money market and debt
- Moves this month
- 2 in · 0 out
- added to 10, trimmed 12
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In June 2025 it disclosed 34 stocks worth ₹3,770 Cr, up ₹124 Cr from May 2025. Its largest positions were ICICI Bank Limited (7.0%), Reliance Industries Limited (5.4%), Tata Consultancy Services Limited (4.9%); the ten largest together made up 43.9% of the portfolio, and Banks was the biggest sector at 19.1% of its equity. Cash and debt stood at 10.7%. Compared with May 2025 the fund entered 2 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
44%
Top-10 weight is higher than 44% of peers
Breadth
21%
Holds more stocks than 21% of peers
Cash
96%
Holds more cash than 96% of peers
Holdings in June 2025
Download CSVEvery line the fund disclosed, with the change against May 2025. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 7.13%
- Δ weight
- down 2.68 pts
- Value
- ₹269 Cr
- Δ value
- down ₹88.9 Cr
- Status
- Trimmed
- Weight
- 6.98%
- Δ weight
- up 1.29 pts
- Value
- ₹263 Cr
- Δ value
- up ₹55.7 Cr
- Status
- Added
- Weight
- 5.41%
- Δ weight
- down 1.45 pts
- Value
- ₹204 Cr
- Δ value
- down ₹46 Cr
- Status
- Trimmed
- Weight
- 4.94%
- Δ weight
- down 0.17 pts
- Value
- ₹186 Cr
- Δ value
- down ₹8 L
- Status
- Held
- Weight
- 4.42%
- Δ weight
- down 0.63 pts
- Value
- ₹167 Cr
- Δ value
- down ₹17.4 Cr
- Status
- Trimmed
- Weight
- 4.04%
- Δ weight
- down 0.04 pts
- Value
- ₹152 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 4.02%
- Δ weight
- up 4.02 pts
- Value
- ₹152 Cr
- Δ value
- up ₹152 Cr
- Status
- New
- Weight
- 3.74%
- Δ weight
- down 1.19 pts
- Value
- ₹141 Cr
- Δ value
- down ₹38.8 Cr
- Status
- Trimmed
- Weight
- 3.68%
- Δ weight
- down 0.13 pts
- Value
- ₹139 Cr
- Δ value
- down ₹16 L
- Status
- Held
- Weight
- 3.42%
- Δ weight
- up 0.04 pts
- Value
- ₹129 Cr
- Δ value
- up ₹5.7 Cr
- Status
- Added
- Weight
- 3.23%
- Δ weight
- down 0.85 pts
- Value
- ₹122 Cr
- Δ value
- down ₹26.9 Cr
- Status
- Trimmed
- Weight
- 3.14%
- Δ weight
- down 0.11 pts
- Value
- ₹118 Cr
- Δ value
- down ₹17 L
- Status
- Held
- Weight
- 3.09%
- Δ weight
- down 0.83 pts
- Value
- ₹117 Cr
- Δ value
- down ₹26.4 Cr
- Status
- Trimmed
- Weight
- 2.97%
- Δ weight
- up 0.17 pts
- Value
- ₹112 Cr
- Δ value
- up ₹9.7 Cr
- Status
- Added
- Weight
- 2.93%
- Δ weight
- down 0.49 pts
- Value
- ₹110 Cr
- Δ value
- down ₹14.4 Cr
- Status
- Trimmed
- Weight
- 2.74%
- Δ weight
- up 0.04 pts
- Value
- ₹103 Cr
- Δ value
- up ₹5 Cr
- Status
- Added
- Weight
- 2.66%
- Δ weight
- up 1.02 pts
- Value
- ₹100 Cr
- Δ value
- up ₹40.6 Cr
- Status
- Added
- Weight
- 2.36%
- Δ weight
- up <0.01 pts
- Value
- ₹88.9 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 2.24%
- Δ weight
- down 0.12 pts
- Value
- ₹84.6 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- up 0.03 pts
- Value
- ₹83.9 Cr
- Δ value
- up ₹3.9 Cr
- Status
- Added
- Weight
- 2.11%
- Δ weight
- down 0.13 pts
- Value
- ₹79.4 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 2.02%
- Δ weight
- up 0.88 pts
- Value
- ₹76.3 Cr
- Δ value
- up ₹34.6 Cr
- Status
- Added
- Weight
- 1.87%
- Δ weight
- up 0.05 pts
- Value
- ₹70.4 Cr
- Δ value
- up ₹4 Cr
- Status
- Added
- Weight
- 1.82%
- Δ weight
- up 1.82 pts
- Value
- ₹68.5 Cr
- Δ value
- up ₹68.5 Cr
- Status
- New
- Weight
- 1.80%
- Δ weight
- up <0.01 pts
- Value
- ₹67.9 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 1.79%
- Δ weight
- down 0.03 pts
- Value
- ₹67.4 Cr
- Δ value
- up ₹96 L
- Status
- Added
- Weight
- 1.75%
- Δ weight
- down 0.49 pts
- Value
- ₹65.8 Cr
- Δ value
- down ₹15.8 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.03 pts
- Value
- ₹52.6 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 1.20%
- Δ weight
- down 0.87 pts
- Value
- ₹45.3 Cr
- Δ value
- down ₹30.1 Cr
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- down 0.10 pts
- Value
- ₹41 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.02%
- Δ weight
- down 0.12 pts
- Value
- ₹38.4 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- 91 Days Treasury BillsDebt
- Weight
- 0.95%
- Δ weight
- down 0.03 pts
- Value
- ₹35.9 Cr
- Δ value
- up ₹17 L
- Status
- Held
- Weight
- 0.88%
- Δ weight
- up 0.03 pts
- Value
- ₹33.2 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- 91 Days Treasury BillsDebt
- Weight
- 0.80%
- Δ weight
- down 0.02 pts
- Value
- ₹30 Cr
- Δ value
- up ₹14 L
- Status
- Held
- Weight
- 0.78%
- Δ weight
- up 0.02 pts
- Value
- ₹29.6 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- 364 Days Treasury BillsDebt
- Weight
- 0.71%
- Δ weight
- down 0.02 pts
- Value
- ₹26.9 Cr
- Δ value
- up ₹13 L
- Status
- Held
- Weight
- 0.67%
- Δ weight
- down <0.01 pts
- Value
- ₹25.4 Cr
- Δ value
- up ₹71 L
- Status
- Added
- Weight
- 0.62%
- Δ weight
- up <0.01 pts
- Value
- ₹23.3 Cr
- Δ value
- up ₹85 L
- Status
- Added
- 182 Days TbillDebt
- Weight
- 0.52%
- Δ weight
- up 0.52 pts
- Value
- ₹19.8 Cr
- Δ value
- up ₹19.8 Cr
- Status
- New
- Weight
- 0.32%
- Δ weight
- down <0.01 pts
- Value
- ₹12.2 Cr
- Δ value
- up ₹24 L
- Status
- Added
- 364 Days Treasury BillsDebt
- Weight
- 0.26%
- Δ weight
- up 0.26 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹9.9 Cr
- Status
- New
- 91 Days Treasury BillsDebt
- Weight
- 0.13%
- Δ weight
- up 0.13 pts
- Value
- ₹5 Cr
- Δ value
- up ₹5 Cr
- Status
- New
- 91 Days Treasury BillsDebt
- Weight
- 0.13%
- Δ weight
- up 0.13 pts
- Value
- ₹4.9 Cr
- Δ value
- up ₹4.9 Cr
- Status
- New
- 91 Days Treasury BillsDebt
- Weight
- 0.07%
- Δ weight
- up 0.07 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹2.5 Cr
- Status
- New
- Unidentified holdings
- Weight
- −0.07%
- Δ weight
- down 0.07 pts
- Value
- −₹2.7 Cr
- Δ value
- down ₹2.7 Cr
- Status
- New
What changed, May 2025 to Jun 2025
New New positions (2)
- Bajaj Finserv Limited4.0% · ₹152 Cr
- Life Insurance Corporation Of India1.8% · ₹68.5 Cr
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹55.7 Cr (+1.29% pts)
- Hindustan Unilever Limitedup ₹40.6 Cr (+1.02% pts)
- Wipro Limitedup ₹34.6 Cr (+0.88% pts)
- State Bank of India
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since May 2025, the weight rose most in Finance (+4.5 pts) and Insurance (+1.9 pts), and fell most in Pharmaceuticals & Biotechnology (−1.8 pts) and Petroleum Products (−1.8 pts).
- Finance0.0% → 4.5%new+4.5 pts
- Insurance4.6% → 6.5%+1.9 pts
- IT - Software14.3% → 14.9%+0.6 pts
- Diversified FMCG7.6% → 7.9%+0.3 pts
- Pharmaceuticals & Biotechnology9.3% → 7.4%−1.8 pts
- Petroleum Products7.8% → 6.1%−1.8 pts
- Automobiles12.0% → 10.6%−1.4 pts
- Telecom - Services4.5% → 3.5%−1.0 pts
- Cement & Cement Products3.9% → 3.3%−0.6 pts
- Construction3.7% → 3.5%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2025 | May 2025 | Jun 2025 |
|---|---|---|---|
| Banks | 26.7% | 19.2% | 19.1% |
| IT - Software | 10.2% | 14.3% | 14.9% |
| Automobiles | 6.5% | 12.0% | 10.6% |
| Diversified FMCG | 7.7% | 7.6% | 7.9% |
| Pharmaceuticals & Biotechnology | 8.6% | 9.3% | 7.4% |
| Insurance | 5.4% | 4.6% | 6.5% |
| Petroleum Products | 6.7% | 7.8% | 6.1% |
| Power | 5.9% | 5.8% | 5.7% |
| Finance | — | — | 4.5% |
| Construction | 4.1% | 3.7% | 3.5% |
Allocation in Jun 2025change vs May 2025
- Banks (4)19.1%
- IT - Software (5)14.9%▲ 0.6 pts
- Automobiles (4)10.6%▼ 1.4 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Jun 2025
10.7%
▼ 1.6 pts vs May 2025
- Cash alone
- 7.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 8.8% – 15.9%
- lowest to highest · record 15.9% in Apr 2025
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.