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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
₹3,791 Cr
up ₹113 Cr vs Sep 2025
- Stocks held
- 34
- unchanged
- Top 10 weight
- 49.9%
- of the portfolio in its ten largest
- Cash & debt
- 2.8%
- cash, money market and debt
- Moves this month
- 0 in · 0 out
- added to 10, trimmed 7
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In October 2025 it disclosed 34 stocks worth ₹3,791 Cr, up ₹113 Cr from Sep 2025. Its largest positions were ICICI Bank Limited (7.7%), Infosys Limited (6.6%), Reliance Industries Limited (6.1%); the ten largest together made up 49.9% of the portfolio, and Banks was the biggest sector at 21.9% of its equity. Cash and debt stood at 2.8%. Compared with Sep 2025 the fund entered 0 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
59%
Top-10 weight is higher than 59% of peers
Breadth
21%
Holds more stocks than 21% of peers
Cash
41%
Holds more cash than 41% of peers
Holdings in October 2025
Download CSVEvery line the fund disclosed, with the change against Sep 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 7.68%
- Δ weight
- up 2.68 pts
- Value
- ₹291 Cr
- Δ value
- up ₹107 Cr
- Status
- Added
- Weight
- 6.56%
- Δ weight
- down 0.02 pts
- Value
- ₹249 Cr
- Δ value
- up ₹6.8 Cr
- Status
- Added
- Weight
- 6.11%
- Δ weight
- up 0.33 pts
- Value
- ₹232 Cr
- Δ value
- up ₹19.1 Cr
- Status
- Added
- Weight
- 4.88%
- Δ weight
- up 0.28 pts
- Value
- ₹185 Cr
- Δ value
- up ₹15.9 Cr
- Status
- Added
- Weight
- 4.76%
- Δ weight
- down 0.10 pts
- Value
- ₹181 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 4.44%
- Δ weight
- up 0.07 pts
- Value
- ₹168 Cr
- Δ value
- up ₹7.5 Cr
- Status
- Added
- Weight
- 4.34%
- Δ weight
- up 0.11 pts
- Value
- ₹164 Cr
- Δ value
- up ₹9.1 Cr
- Status
- Added
- Weight
- 4.03%
- Δ weight
- up 0.11 pts
- Value
- ₹153 Cr
- Δ value
- up ₹8.7 Cr
- Status
- Added
- Weight
- 3.66%
- Δ weight
- up 0.03 pts
- Value
- ₹139 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 3.48%
- Δ weight
- up 0.08 pts
- Value
- ₹132 Cr
- Δ value
- up ₹6.9 Cr
- Status
- Added
- Weight
- 3.37%
- Δ weight
- up 0.14 pts
- Value
- ₹128 Cr
- Δ value
- up ₹8.8 Cr
- Status
- Added
- Weight
- 3.24%
- Δ weight
- up 0.03 pts
- Value
- ₹123 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 3.05%
- Δ weight
- down 0.25 pts
- Value
- ₹116 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 3.01%
- Δ weight
- down 0.20 pts
- Value
- ₹114 Cr
- Δ value
- down ₹3.8 Cr
- Status
- Trimmed
- Weight
- 2.97%
- Δ weight
- up 0.53 pts
- Value
- ₹112 Cr
- Δ value
- up ₹22.9 Cr
- Status
- Added
- Weight
- 2.95%
- Δ weight
- up 0.41 pts
- Value
- ₹112 Cr
- Δ value
- up ₹18.6 Cr
- Status
- Added
- Weight
- 2.92%
- Δ weight
- down 0.05 pts
- Value
- ₹111 Cr
- Δ value
- up ₹1.4 Cr
- Status
- Added
- Weight
- 2.91%
- Δ weight
- up 0.10 pts
- Value
- ₹110 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 2.26%
- Δ weight
- up 0.48 pts
- Value
- ₹85.8 Cr
- Δ value
- up ₹20.1 Cr
- Status
- Added
- Weight
- 2.13%
- Δ weight
- up 0.23 pts
- Value
- ₹80.7 Cr
- Δ value
- up ₹10.9 Cr
- Status
- Added
- Weight
- 2.12%
- Δ weight
- down 0.16 pts
- Value
- ₹80.4 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 2.09%
- Δ weight
- down 0.11 pts
- Value
- ₹79.2 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- up 0.31 pts
- Value
- ₹74.9 Cr
- Δ value
- up ₹13.7 Cr
- Status
- Added
- Weight
- 1.92%
- Δ weight
- down 0.05 pts
- Value
- ₹72.7 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 1.66%
- Δ weight
- down 0.06 pts
- Value
- ₹63 Cr
- Δ value
- down ₹40 L
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- down 0.05 pts
- Value
- ₹61.9 Cr
- Δ value
- down ₹8 L
- Status
- Held
- Cash, TREPS & receivables
- Weight
- 1.62%
- Δ weight
- down 3.23 pts
- Value
- ₹61.5 Cr
- Δ value
- down ₹117 Cr
- Status
- Trimmed
- Weight
- 1.24%
- Δ weight
- up 0.09 pts
- Value
- ₹46.9 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 1.19%
- Δ weight
- down 0.02 pts
- Value
- ₹45.1 Cr
- Δ value
- up ₹76 L
- Status
- Added
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.06%
- Δ weight
- down 0.03 pts
- Value
- ₹40.2 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.73%
- Δ weight
- down 0.04 pts
- Value
- ₹27.7 Cr
- Δ value
- down ₹73 L
- Status
- Trimmed
- Weight
- 0.69%
- Δ weight
- up 0.05 pts
- Value
- ₹26.2 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- 364 Days Tbill (MDDebt
- Weight
- 0.66%
- Δ weight
- down 0.02 pts
- Value
- ₹24.9 Cr
- Δ value
- up ₹11 L
- Status
- Held
- Weight
- 0.63%
- Δ weight
- down 0.02 pts
- Value
- ₹23.8 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 0.62%
- Δ weight
- up 0.05 pts
- Value
- ₹23.6 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 0.56%
- Δ weight
- down 1.70 pts
- Value
- ₹21.1 Cr
- Δ value
- down ₹62 Cr
- Status
- Trimmed
- Weight
- 0.34%
- Δ weight
- up 0.01 pts
- Value
- ₹12.8 Cr
- Δ value
- up ₹80 L
- Status
- Added
- 91 Days Treasury BillsDebt
- Weight
- 0.16%
- Δ weight
- down <0.01 pts
- Value
- ₹6 Cr
- Δ value
- up ₹3 L
- Status
- Held
- 91 Days Treasury BillsDebt
- Weight
- 0.13%
- Δ weight
- up 0.13 pts
- Value
- ₹5 Cr
- Δ value
- up ₹5 Cr
- Status
- New
- 364 DAYS T-BILL 2025Debt
- Weight
- 0.11%
- Δ weight
- down <0.01 pts
- Value
- ₹4 Cr
- Δ value
- up ₹2 L
- Status
- Held
- 182 Days Treasury BillsDebt
- Weight
- 0.08%
- Δ weight
- up 0.08 pts
- Value
- ₹3 Cr
- Δ value
- up ₹3 Cr
- Status
- New
- 91 Days TbillDebt
- Weight
- 0.05%
- Δ weight
- up 0.05 pts
- Value
- ₹2 Cr
- Δ value
- up ₹2 Cr
- Status
- New
What changed, Sep 2025 to Oct 2025
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- ICICI Bank Limitedup ₹107 Cr (+2.68% pts)
- Hindustan Unilever Limitedup ₹22.9 Cr (+0.53% pts)
- SBI Life Insurance Company Limitedup ₹20.1 Cr (+0.48% pts)
- Reliance Industries Limitedup ₹19.1 Cr (+0.33% pts)
- NTPC Limitedup ₹18.6 Cr (+0.41% 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 Sep 2025, the weight rose most in Banks (+2.1 pts) and Diversified FMCG (+0.4 pts), and fell most in Power (−1.5 pts) and IT - Software (−0.4 pts).
- Banks19.8% → 21.9%+2.1 pts
- Diversified FMCG7.2% → 7.6%+0.4 pts
- Petroleum Products6.2% → 6.3%+0.1 pts
- Telecom - Services4.9% → 5.0%+0.1 pts
- Power5.1% → 3.6%−1.5 pts
- IT - Software16.1% → 15.7%−0.4 pts
- Construction2.4% → 2.2%−0.2 pts
- Cement & Cement Products2.3% → 2.1%−0.2 pts
- Automobiles10.1% → 9.9%−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 | Apr 2025 | Jul 2025 | Sep 2025 | Oct 2025 |
|---|---|---|---|---|
| Banks | 22.2% | 17.5% | 19.8% | 21.9% |
| IT - Software | 11.7% | 16.1% | 16.1% | 15.7% |
| Automobiles | 8.0% | 8.3% | 10.1% | 9.9% |
| Pharmaceuticals & Biotechnology | 9.8% | 8.9% | 8.0% | 8.0% |
| Diversified FMCG | 7.8% | 9.0% | 7.2% | 7.6% |
| Insurance | 5.5% | 6.4% | 7.1% | 7.1% |
| Petroleum Products | 11.3% | 5.8% | 6.2% | 6.3% |
| Telecom - Services | 3.8% | 3.4% | 4.9% | 5.0% |
| Consumer Durables | 1.8% | 3.9% | 3.6% | 3.6% |
| Power | 4.9% | 5.8% | 5.1% | 3.6% |
Allocation in Oct 2025change vs Sep 2025
- Banks (5)21.9%▲ 2.1 pts
- IT - Software (5)15.7%▼ 0.4 pts
- Automobiles (3)9.9%▼ 0.2 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, Oct 2025
2.8%
▼ 3.3 pts vs Sep 2025
- Cash alone
- 1.6%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.8% – 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.