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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
₹3,843 Cr
down ₹37 Cr vs Nov 2025
- Stocks held
- 37
- up 3 vs Nov 2025
- Top 10 weight
- 46.1%
- of the portfolio in its ten largest
- Cash & debt
- 2.6%
- cash, money market and debt
- Moves this month
- 3 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 December 2025 it disclosed 37 stocks worth ₹3,843 Cr, down ₹37 Cr from Nov 2025. Its largest positions were ICICI Bank Limited (8.4%), Reliance Industries Limited (5.1%), Bharti Airtel Limited (4.9%); the ten largest together made up 46.1% of the portfolio, and Banks was the biggest sector at 21.5% of its equity. Cash and debt stood at 2.6%. Compared with Nov 2025 the fund entered 3 new stocks and exited 0.
Against 226 other Sectoral / Thematic funds
Concentration
50%
Top-10 weight is higher than 50% of peers
Breadth
34%
Holds more stocks than 34% of peers
Cash
38%
Holds more cash than 38% of peers
Holdings in December 2025
Download CSVEvery line the fund disclosed, with the change against Nov 2025. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.41%
- Δ weight
- down 0.20 pts
- Value
- ₹323 Cr
- Δ value
- down ₹11 Cr
- Status
- Trimmed
- Weight
- 5.15%
- Δ weight
- up 0.06 pts
- Value
- ₹198 Cr
- Δ value
- up ₹37 L
- Status
- Held
- Weight
- 4.93%
- Δ weight
- up 0.06 pts
- Value
- ₹190 Cr
- Δ value
- up ₹36 L
- Status
- Held
- Weight
- 4.29%
- Δ weight
- up 1.56 pts
- Value
- ₹165 Cr
- Δ value
- up ₹58.9 Cr
- Status
- Added
- Weight
- 4.26%
- Δ weight
- down 0.03 pts
- Value
- ₹164 Cr
- Δ value
- down ₹2.7 Cr
- Status
- Trimmed
- Weight
- 4.17%
- Δ weight
- down 0.04 pts
- Value
- ₹160 Cr
- Δ value
- down ₹3.1 Cr
- Status
- Trimmed
- Weight
- 4.17%
- Δ weight
- down 0.40 pts
- Value
- ₹160 Cr
- Δ value
- down ₹17.2 Cr
- Status
- Trimmed
- Weight
- 3.71%
- Δ weight
- up 0.81 pts
- Value
- ₹143 Cr
- Δ value
- up ₹30.1 Cr
- Status
- Added
- Weight
- 3.53%
- Δ weight
- up 0.13 pts
- Value
- ₹136 Cr
- Δ value
- up ₹3.9 Cr
- Status
- Added
- Weight
- 3.48%
- Δ weight
- up 0.04 pts
- Value
- ₹134 Cr
- Δ value
- up ₹44 L
- Status
- Held
- Weight
- 3.31%
- Δ weight
- up 0.53 pts
- Value
- ₹127 Cr
- Δ value
- up ₹19.2 Cr
- Status
- Added
- Weight
- 3.27%
- Δ weight
- up 0.19 pts
- Value
- ₹126 Cr
- Δ value
- up ₹6.1 Cr
- Status
- Added
- Weight
- 3.25%
- Δ weight
- up 0.15 pts
- Value
- ₹125 Cr
- Δ value
- up ₹4.7 Cr
- Status
- Added
- Weight
- 3.15%
- Δ weight
- up 0.02 pts
- Value
- ₹121 Cr
- Δ value
- down ₹38 L
- Status
- Held
- Weight
- 3.06%
- Δ weight
- down 3.18 pts
- Value
- ₹118 Cr
- Δ value
- down ₹124 Cr
- Status
- Trimmed
- Weight
- 2.92%
- Δ weight
- down 1.09 pts
- Value
- ₹112 Cr
- Δ value
- down ₹43.4 Cr
- Status
- Trimmed
- Weight
- 2.73%
- Δ weight
- up 0.70 pts
- Value
- ₹105 Cr
- Δ value
- up ₹26.1 Cr
- Status
- Added
- Weight
- 2.43%
- Δ weight
- down 0.04 pts
- Value
- ₹93.3 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 2.40%
- Δ weight
- up 0.46 pts
- Value
- ₹92.3 Cr
- Δ value
- up ₹16.9 Cr
- Status
- Added
- Weight
- 2.35%
- Δ weight
- up 0.10 pts
- Value
- ₹90.5 Cr
- Δ value
- up ₹3.1 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 2.24%
- Δ weight
- down 1.40 pts
- Value
- ₹86.2 Cr
- Δ value
- down ₹55.2 Cr
- Status
- Trimmed
- Weight
- 2.23%
- Δ weight
- up 0.48 pts
- Value
- ₹85.9 Cr
- Δ value
- up ₹17.8 Cr
- Status
- Added
- Weight
- 2.23%
- Δ weight
- up 0.04 pts
- Value
- ₹85.6 Cr
- Δ value
- up ₹77 L
- Status
- Added
- Weight
- 2.22%
- Δ weight
- up 0.56 pts
- Value
- ₹85.4 Cr
- Δ value
- up ₹20.9 Cr
- Status
- Added
- Weight
- 2.12%
- Δ weight
- up 0.03 pts
- Value
- ₹81.5 Cr
- Δ value
- up ₹28 L
- Status
- Held
- Weight
- 1.76%
- Δ weight
- up 1.76 pts
- Value
- ₹67.7 Cr
- Δ value
- up ₹67.7 Cr
- Status
- New
- Weight
- 1.64%
- Δ weight
- up 0.38 pts
- Value
- ₹63 Cr
- Δ value
- up ₹14 Cr
- Status
- Added
- Weight
- 1.57%
- Δ weight
- down 0.06 pts
- Value
- ₹60.2 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 1.52%
- Δ weight
- down 1.26 pts
- Value
- ₹58.3 Cr
- Δ value
- down ₹49.4 Cr
- Status
- Trimmed
- Weight
- 1.50%
- Δ weight
- up 1.50 pts
- Value
- ₹57.6 Cr
- Δ value
- up ₹57.6 Cr
- Status
- New
- Weight
- 1.31%
- Δ weight
- up 0.07 pts
- Value
- ₹50.4 Cr
- Δ value
- up ₹2.3 Cr
- Status
- Added
- Weight
- 1.05%
- Δ weight
- up 0.42 pts
- Value
- ₹40.4 Cr
- Δ value
- up ₹15.8 Cr
- Status
- Added
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.01%
- Δ weight
- up 0.01 pts
- Value
- ₹38.9 Cr
- Δ value
- down ₹10 L
- Status
- Held
- Weight
- 0.99%
- Δ weight
- up 0.48 pts
- Value
- ₹38.2 Cr
- Δ value
- up ₹18.5 Cr
- Status
- Added
- Weight
- 0.69%
- Δ weight
- up 0.02 pts
- Value
- ₹26.6 Cr
- Δ value
- up ₹55 L
- Status
- Added
- Weight
- 0.31%
- Δ weight
- down <0.01 pts
- Value
- ₹12.1 Cr
- Δ value
- down ₹14 L
- Status
- Trimmed
- 91 Days Treasury BillsDebt
- Weight
- 0.26%
- Δ weight
- up <0.01 pts
- Value
- ₹10 Cr
- Δ value
- up ₹5 L
- Status
- Held
- Weight
- 0.18%
- Δ weight
- down 1.56 pts
- Value
- ₹7 Cr
- Δ value
- down ₹60.5 Cr
- Status
- Trimmed
- 91 Days Treasury BillsDebt
- Weight
- 0.13%
- Δ weight
- up <0.01 pts
- Value
- ₹5 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 0.05%
- Δ weight
- up 0.05 pts
- Value
- ₹1.8 Cr
- Δ value
- up ₹1.8 Cr
- Status
- New
- Weight
- 0.01%
- Δ weight
- down 1.27 pts
- Value
- ₹23 L
- Δ value
- down ₹49.2 Cr
- Status
- Trimmed
What changed, Nov 2025 to Dec 2025
New New positions (3)
- JK Cement Limited1.8% · ₹67.7 Cr
- InterGlobe Aviation Limited1.5% · ₹57.6 Cr
- Kwality Walls (India) Limited<0.1% · ₹1.8 Cr
Exited Exited (0)
None.
Added Biggest additions
- UltraTech Cement Limitedup ₹58.9 Cr (+1.56% pts)
- Hindustan Unilever Limitedup ₹30.1 Cr (+0.81% pts)
- Cipla Limited ₹26.1 Cr (+0.70% 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 Nov 2025, the weight rose most in Cement & Cement Products (+3.4 pts) and Transport Services (+1.5 pts), and fell most in IT - Software (−5.4 pts) and Banks (−1.7 pts).
- Cement & Cement Products2.8% → 6.2%+3.4 pts
- Transport Services0.0% → 1.5%new+1.5 pts
- Power3.4% → 4.4%+1.0 pts
- Pharmaceuticals & Biotechnology7.6% → 8.4%+0.8 pts
- Diversified FMCG6.3% → 7.0%+0.8 pts
- Food Products2.4% → 3.0%+0.6 pts
- IT - Software15.3% → 10.0%−5.4 pts
- Banks23.2% → 21.5%−1.7 pts
- Consumer Durables2.5% → 1.3%−1.2 pts
- Insurance8.4% → 8.3%−0.1 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 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|
| Banks | 19.1% | 19.8% | 23.2% | 21.5% |
| Automobiles | 10.6% | 10.1% | 10.1% | 10.2% |
| IT - Software | 14.9% | 16.1% | 15.3% | 10.0% |
| Pharmaceuticals & Biotechnology | 7.4% | 8.0% | 7.6% | 8.4% |
| Insurance | 6.5% | 7.1% | 8.4% | 8.3% |
| Diversified FMCG | 7.9% | 7.2% | 6.3% | 7.0% |
| Cement & Cement Products | 3.3% | 2.3% | 2.8% | 6.2% |
| Petroleum Products | 6.1% | 6.2% | 5.3% | 5.3% |
| Telecom - Services | 3.5% | 4.9% | 5.1% | 5.1% |
| Power | 5.7% | 5.1% | 3.4% | 4.4% |
Allocation in Dec 2025change vs Nov 2025
- Banks (5)21.5%▼ 1.7 pts
- Automobiles (3)10.2%▲ 0.1 pts
- IT - Software (5)10.0%▼ 5.4 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, Dec 2025
2.6%
▼ 1.5 pts vs Nov 2025
- Cash alone
- 2.2%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.6% – 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.