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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
₹3,680 Cr
down ₹89.6 Cr vs Jun 2025
- Stocks held
- 34
- unchanged
- Top 10 weight
- 42.5%
- of the portfolio in its ten largest
- Cash & debt
- 11.9%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 22
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In July 2025 it disclosed 34 stocks worth ₹3,680 Cr, down ₹89.6 Cr from Jun 2025. Its largest positions were ICICI Bank Limited (5.5%), Infosys Limited (5.3%), Reliance Industries Limited (5.1%); the ten largest together made up 42.5% of the portfolio, and Banks was the biggest sector at 17.5% of its equity. Cash and debt stood at 11.9%. Compared with Jun 2025 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
42%
Top-10 weight is higher than 42% of peers
Breadth
21%
Holds more stocks than 21% of peers
Cash
98%
Holds more cash than 98% of peers
Holdings in July 2025
Download CSVEvery line the fund disclosed, with the change against Jun 2025. Click a column to sort; click a company to see every fund that owns it.
- Cash, TREPS & receivables
- Weight
- 9.96%
- Δ weight
- up 2.83 pts
- Value
- ₹367 Cr
- Δ value
- up ₹97.6 Cr
- Status
- Added
- Weight
- 5.50%
- Δ weight
- down 1.49 pts
- Value
- ₹202 Cr
- Δ value
- down ₹60.9 Cr
- Status
- Trimmed
- Weight
- 5.32%
- Δ weight
- up 1.29 pts
- Value
- ₹196 Cr
- Δ value
- up ₹43.8 Cr
- Status
- Added
- Weight
- 5.14%
- Δ weight
- down 0.28 pts
- Value
- ₹189 Cr
- Δ value
- down ₹15 Cr
- Status
- Trimmed
- Weight
- 4.48%
- Δ weight
- up 0.06 pts
- Value
- ₹165 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 4.43%
- Δ weight
- down 0.50 pts
- Value
- ₹163 Cr
- Δ value
- down ₹22.9 Cr
- Status
- Trimmed
- Weight
- 3.86%
- Δ weight
- up 0.12 pts
- Value
- ₹142 Cr
- Δ value
- up ₹1.2 Cr
- Status
- Added
- Weight
- 3.84%
- Δ weight
- up 0.16 pts
- Value
- ₹141 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 3.41%
- Δ weight
- up 0.74 pts
- Value
- ₹125 Cr
- Δ value
- up ₹25 Cr
- Status
- Added
- Weight
- 3.36%
- Δ weight
- up 0.13 pts
- Value
- ₹124 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 3.18%
- Δ weight
- up 0.05 pts
- Value
- ₹117 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 3.12%
- Δ weight
- down 0.30 pts
- Value
- ₹115 Cr
- Δ value
- down ₹14.1 Cr
- Status
- Trimmed
- Weight
- 3.11%
- Δ weight
- down 0.91 pts
- Value
- ₹114 Cr
- Δ value
- down ₹37.2 Cr
- Status
- Trimmed
- Weight
- 3.04%
- Δ weight
- up 0.11 pts
- Value
- ₹112 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 3.02%
- Δ weight
- down 0.07 pts
- Value
- ₹111 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 2.95%
- Δ weight
- down 0.02 pts
- Value
- ₹109 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 2.86%
- Δ weight
- up 1.06 pts
- Value
- ₹105 Cr
- Δ value
- up ₹37.5 Cr
- Status
- Added
- Weight
- 2.80%
- Δ weight
- up 0.06 pts
- Value
- ₹103 Cr
- Δ value
- down ₹20 L
- Status
- Held
- Weight
- 2.34%
- Δ weight
- down 0.01 pts
- Value
- ₹86.2 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 2.29%
- Δ weight
- up 0.54 pts
- Value
- ₹84.3 Cr
- Δ value
- up ₹18.5 Cr
- Status
- Added
- Weight
- 2.28%
- Δ weight
- up 0.03 pts
- Value
- ₹83.8 Cr
- Δ value
- down ₹81 L
- Status
- Trimmed
- Weight
- 2.12%
- Δ weight
- down 0.11 pts
- Value
- ₹77.8 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 1.94%
- Δ weight
- down 0.09 pts
- Value
- ₹71.3 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.83%
- Δ weight
- up 0.05 pts
- Value
- ₹67.5 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 1.74%
- Δ weight
- up 0.54 pts
- Value
- ₹64 Cr
- Δ value
- up ₹18.8 Cr
- Status
- Added
- Weight
- 1.71%
- Δ weight
- down 0.10 pts
- Value
- ₹63 Cr
- Δ value
- down ₹5.5 Cr
- Status
- Trimmed
- Weight
- 1.26%
- Δ weight
- up 0.38 pts
- Value
- ₹46.4 Cr
- Δ value
- up ₹13.2 Cr
- Status
- Added
- Weight
- 1.21%
- Δ weight
- down 0.18 pts
- Value
- ₹44.7 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 1.08%
- Δ weight
- down 1.02 pts
- Value
- ₹39.9 Cr
- Δ value
- down ₹39.5 Cr
- Status
- Trimmed
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.04%
- Δ weight
- up 0.02 pts
- Value
- ₹38.4 Cr
- Δ value
- down ₹3 L
- Status
- Held
- Weight
- 0.90%
- Δ weight
- down 0.19 pts
- Value
- ₹33.1 Cr
- Δ value
- down ₹7.9 Cr
- Status
- Trimmed
- Weight
- 0.77%
- Δ weight
- down 0.02 pts
- Value
- ₹28.3 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 0.63%
- Δ weight
- down 0.04 pts
- Value
- ₹23.2 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.61%
- Δ weight
- down 1.26 pts
- Value
- ₹22.4 Cr
- Δ value
- down ₹48 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- down 0.04 pts
- Value
- ₹21.1 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- 182 Days TbillDebt
- Weight
- 0.54%
- Δ weight
- up 0.02 pts
- Value
- ₹19.9 Cr
- Δ value
- up ₹9 L
- Status
- Held
- 364 Days Treasury BillsDebt
- Weight
- 0.51%
- Δ weight
- up 0.25 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹9 Cr
- Status
- Added
- Weight
- 0.33%
- Δ weight
- up <0.01 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹16 L
- Status
- Trimmed
- 364 Days Tbill (MDDebt
- Weight
- 0.22%
- Δ weight
- up 0.22 pts
- Value
- ₹8 Cr
- Δ value
- up ₹8 Cr
- Status
- New
- 182 Days Treasury BillsDebt
- Weight
- 0.22%
- Δ weight
- up 0.22 pts
- Value
- ₹7.9 Cr
- Δ value
- up ₹7.9 Cr
- Status
- New
- 364 Days Treasury BillsDebt
- Weight
- 0.14%
- Δ weight
- up 0.14 pts
- Value
- ₹5 Cr
- Δ value
- up ₹5 Cr
- Status
- New
- 91 Days Treasury BillsDebt
- Weight
- 0.14%
- Δ weight
- up <0.01 pts
- Value
- ₹5 Cr
- Δ value
- up ₹2 L
- Status
- Held
- 91 Days Treasury BillsDebt
- Weight
- 0.13%
- Δ weight
- up <0.01 pts
- Value
- ₹5 Cr
- Δ value
- up ₹2 L
- Status
- Held
- 91 Days Treasury BillsDebt
- Weight
- 0.07%
- Δ weight
- up <0.01 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
What changed, Jun 2025 to Jul 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- Infosys Limitedup ₹43.8 Cr (+1.29% pts)
- Asian Paints Limitedup ₹37.5 Cr (+1.06% pts)
- Hindustan Unilever Limitedup ₹25 Cr (+0.74% pts)
- Dr. Reddy's Laboratories Limitedup ₹18.8 Cr (+0.54% pts)
- Cipla Limitedup ₹18.5 Cr (+0.54% pts)
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 Jun 2025, the weight rose most in Pharmaceuticals & Biotechnology (+1.5 pts) and IT - Software (+1.2 pts), and fell most in Automobiles (−2.2 pts) and Banks (−1.6 pts).
- Pharmaceuticals & Biotechnology7.4% → 8.9%+1.5 pts
- IT - Software14.9% → 16.1%+1.2 pts
- Consumer Durables2.7% → 3.9%+1.2 pts
- Diversified FMCG7.9% → 9.0%+1.0 pts
- Cement & Cement Products3.3% → 3.5%+0.2 pts
- Power5.7% → 5.8%+0.1 pts
- Automobiles10.6% → 8.3%−2.2 pts
- Banks19.1% → 17.5%−1.6 pts
- Finance4.5% → 3.5%−1.0 pts
- Petroleum Products6.1% → 5.8%−0.2 pts
- Retailing1.2% → 1.0%−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 | Jan 2025 | Apr 2025 | Jun 2025 | Jul 2025 |
|---|---|---|---|---|
| Banks | 27.8% | 22.2% | 19.1% | 17.5% |
| IT - Software | 14.9% | 11.7% | 14.9% | 16.1% |
| Diversified FMCG | 8.2% | 7.8% | 7.9% | 9.0% |
| Pharmaceuticals & Biotechnology | 7.9% | 9.8% | 7.4% | 8.9% |
| Automobiles | 6.1% | 8.0% | 10.6% | 8.3% |
| Insurance | 4.8% | 5.5% | 6.5% | 6.4% |
| Power | 6.0% | 4.9% | 5.7% | 5.8% |
| Petroleum Products | 5.1% | 11.3% | 6.1% | 5.8% |
| Consumer Durables | 2.4% | 1.8% | 2.7% | 3.9% |
| Construction | 3.3% | 5.0% | 3.5% | 3.6% |
Allocation in Jul 2025change vs Jun 2025
- Banks (4)17.5%▼ 1.6 pts
- IT - Software (5)16.1%▲ 1.2 pts
- Diversified FMCG (2)9.0%▲ 1.0 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, Jul 2025
11.9%
▲ 1.2 pts vs Jun 2025
- Cash alone
- 10.0%
- 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.