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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
₹3,694 Cr
up ₹13.2 Cr vs Jul 2025
- Stocks held
- 35
- up 1 vs Jul 2025
- Top 10 weight
- 46.6%
- of the portfolio in its ten largest
- Cash & debt
- 7.3%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 19
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In August 2025 it disclosed 35 stocks worth ₹3,694 Cr, up ₹13.2 Cr from Jul 2025. Its largest positions were Infosys Limited (6.7%), Reliance Industries Limited (5.7%), ICICI Bank Limited (5.2%); the ten largest together made up 46.6% of the portfolio, and Banks was the biggest sector at 18.1% of its equity. Cash and debt stood at 7.3%. Compared with Jul 2025 the fund entered 1 new stock and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
52%
Top-10 weight is higher than 52% of peers
Breadth
25%
Holds more stocks than 25% of peers
Cash
87%
Holds more cash than 87% of peers
Holdings in August 2025
Download CSVEvery line the fund disclosed, with the change against Jul 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.68%
- Δ weight
- up 1.35 pts
- Value
- ₹247 Cr
- Δ value
- up ₹50.8 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 5.97%
- Δ weight
- down 3.99 pts
- Value
- ₹221 Cr
- Δ value
- down ₹146 Cr
- Status
- Trimmed
- Weight
- 5.73%
- Δ weight
- up 0.60 pts
- Value
- ₹212 Cr
- Δ value
- up ₹22.7 Cr
- Status
- Added
- Weight
- 5.17%
- Δ weight
- down 0.33 pts
- Value
- ₹191 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 4.73%
- Δ weight
- up 1.36 pts
- Value
- ₹175 Cr
- Δ value
- up ₹50.9 Cr
- Status
- Added
- Weight
- 4.60%
- Δ weight
- up 1.59 pts
- Value
- ₹170 Cr
- Δ value
- up ₹59.1 Cr
- Status
- Added
- Weight
- 4.49%
- Δ weight
- up 0.05 pts
- Value
- ₹166 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 4.44%
- Δ weight
- down 0.04 pts
- Value
- ₹164 Cr
- Δ value
- down ₹88 L
- Status
- Trimmed
- Weight
- 3.90%
- Δ weight
- up 0.06 pts
- Value
- ₹144 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 3.63%
- Δ weight
- down 0.23 pts
- Value
- ₹134 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 3.25%
- Δ weight
- up 1.14 pts
- Value
- ₹120 Cr
- Δ value
- up ₹42.4 Cr
- Status
- Added
- Weight
- 3.14%
- Δ weight
- down 0.04 pts
- Value
- ₹116 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 3.04%
- Δ weight
- down 0.07 pts
- Value
- ₹112 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 3.04%
- Δ weight
- down 0.08 pts
- Value
- ₹112 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 3.00%
- Δ weight
- up 0.14 pts
- Value
- ₹111 Cr
- Δ value
- up ₹5.4 Cr
- Status
- Added
- Weight
- 2.96%
- Δ weight
- up 0.01 pts
- Value
- ₹109 Cr
- Δ value
- up ₹81 L
- Status
- Added
- Weight
- 2.57%
- Δ weight
- down 0.84 pts
- Value
- ₹94.7 Cr
- Δ value
- down ₹30.6 Cr
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- down 0.38 pts
- Value
- ₹89.6 Cr
- Δ value
- down ₹13.5 Cr
- Status
- Trimmed
- Weight
- 2.27%
- Δ weight
- down 0.77 pts
- Value
- ₹83.8 Cr
- Δ value
- down ₹28 Cr
- Status
- Trimmed
- Weight
- 2.21%
- Δ weight
- down 0.13 pts
- Value
- ₹81.6 Cr
- Δ value
- down ₹4.7 Cr
- Status
- Trimmed
- Weight
- 2.04%
- Δ weight
- up 0.10 pts
- Value
- ₹75.3 Cr
- Δ value
- up ₹4.1 Cr
- Status
- Added
- Weight
- 2.00%
- Δ weight
- up 2.00 pts
- Value
- ₹73.8 Cr
- Δ value
- up ₹73.8 Cr
- Status
- New
- Weight
- 1.95%
- Δ weight
- up 0.21 pts
- Value
- ₹71.8 Cr
- Δ value
- up ₹7.8 Cr
- Status
- Added
- Weight
- 1.92%
- Δ weight
- down 0.35 pts
- Value
- ₹71.1 Cr
- Δ value
- down ₹12.7 Cr
- Status
- Trimmed
- Weight
- 1.79%
- Δ weight
- down 0.04 pts
- Value
- ₹66.2 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 1.77%
- Δ weight
- down 0.52 pts
- Value
- ₹65.5 Cr
- Δ value
- down ₹18.8 Cr
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- down 0.09 pts
- Value
- ₹60 Cr
- Δ value
- down ₹3 Cr
- Status
- Trimmed
- Weight
- 1.27%
- Δ weight
- up 0.01 pts
- Value
- ₹46.9 Cr
- Δ value
- up ₹56 L
- Status
- Added
- Weight
- 1.20%
- Δ weight
- down 0.02 pts
- Value
- ₹44.3 Cr
- Δ value
- down ₹40 L
- Status
- Trimmed
- Weight
- 1.16%
- Δ weight
- up 0.08 pts
- Value
- ₹43 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.01%
- Δ weight
- down 0.03 pts
- Value
- ₹37.4 Cr
- Δ value
- down ₹94 L
- Status
- Trimmed
- Weight
- 0.75%
- Δ weight
- down 0.02 pts
- Value
- ₹27.6 Cr
- Δ value
- down ₹70 L
- Status
- Trimmed
- Weight
- 0.73%
- Δ weight
- down 0.17 pts
- Value
- ₹26.8 Cr
- Δ value
- down ₹6.3 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- up 0.07 pts
- Value
- ₹25 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 0.65%
- Δ weight
- up 0.02 pts
- Value
- ₹23.9 Cr
- Δ value
- up ₹67 L
- Status
- Added
- Weight
- 0.62%
- Δ weight
- up 0.05 pts
- Value
- ₹22.9 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- 182 Days TbillDebt
- Weight
- 0.54%
- Δ weight
- up <0.01 pts
- Value
- ₹19.9 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 0.32%
- Δ weight
- down 0.01 pts
- Value
- ₹11.7 Cr
- Δ value
- down ₹37 L
- Status
- Trimmed
- 182 Days Treasury BillsDebt
- Weight
- 0.22%
- Δ weight
- up <0.01 pts
- Value
- ₹8 Cr
- Δ value
- up ₹4 L
- Status
- Held
- 91 Days Treasury BillsDebt
- Weight
- 0.16%
- Δ weight
- up 0.16 pts
- Value
- ₹5.9 Cr
- Δ value
- up ₹5.9 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
- 364 DAYS T-BILL 2025Debt
- Weight
- 0.11%
- Δ weight
- up 0.11 pts
- Value
- ₹4 Cr
- Δ value
- up ₹4 Cr
- Status
- New
- 91 Days Treasury BillsDebt
- Weight
- 0.07%
- Δ weight
- up <0.01 pts
- Value
- ₹2.5 Cr
- Δ value
- up ₹1 L
- Status
- Held
- 91 Days Treasury BillsDebt
- Weight
- 0.05%
- Δ weight
- up 0.05 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 Cr
- Status
- New
What changed, Jul 2025 to Aug 2025
New New positions (1)
- Kotak Mahindra Bank Limited2.0% · ₹73.8 Cr
Exited Exited (0)
None.
Added Biggest additions
- Bharti Airtel Limitedup ₹59.1 Cr (+1.59% pts)
- Maruti Suzuki India Limitedup ₹50.9 Cr (+1.36% pts)
- Infosys Limitedup ₹50.8 Cr (+1.35% pts)
- HDFC Life Insurance Company Limitedup ₹42.4 Cr (+1.14% 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 Jul 2025, the weight rose most in Telecom - Services (+1.5 pts) and Automobiles (+0.8 pts), and fell most in Diversified FMCG (−1.4 pts) and Cement & Cement Products (−1.0 pts).
- Telecom - Services3.4% → 5.0%+1.5 pts
- Automobiles8.3% → 9.2%+0.8 pts
- IT - Software16.1% → 16.9%+0.8 pts
- Insurance6.4% → 7.2%+0.8 pts
- Banks17.5% → 18.1%+0.6 pts
- Petroleum Products5.8% → 6.2%+0.3 pts
- Diversified FMCG9.0% → 7.6%−1.4 pts
- Cement & Cement Products3.5% → 2.4%−1.0 pts
- Power5.8% → 5.0%−0.8 pts
- Pharmaceuticals & Biotechnology8.9% → 8.2%−0.7 pts
- Finance3.5% → 3.3%−0.2 pts
- Retailing1.0% → 0.8%−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 | Feb 2025 | May 2025 | Jul 2025 | Aug 2025 |
|---|---|---|---|---|
| Banks | 29.8% | 19.2% | 17.5% | 18.1% |
| IT - Software | 10.2% | 14.3% | 16.1% | 16.9% |
| Automobiles | 6.3% | 12.0% | 8.3% | 9.2% |
| Pharmaceuticals & Biotechnology | 8.6% | 9.3% | 8.9% | 8.2% |
| Diversified FMCG | 7.5% | 7.6% | 9.0% | 7.6% |
| Insurance | 5.6% | 4.6% | 6.4% | 7.2% |
| Petroleum Products | 5.1% | 7.8% | 5.8% | 6.2% |
| Power | 5.8% | 5.8% | 5.8% | 5.0% |
| Telecom - Services | 4.4% | 4.5% | 3.4% | 5.0% |
| Consumer Durables | 2.6% | 2.8% | 3.9% | 3.9% |
Allocation in Aug 2025change vs Jul 2025
- Banks (5)18.1%▲ 0.6 pts
- IT - Software (5)16.9%▲ 0.8 pts
- Automobiles (4)9.2%▲ 0.8 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, Aug 2025
7.3%
▼ 4.7 pts vs Jul 2025
- Cash alone
- 6.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 7.3% – 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.