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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
₹2,836 Cr
down ₹45.4 Cr vs Jun 2026
- Stocks held
- 30
- down 2 vs Jun 2026
- Top 10 weight
- 57.8%
- of the portfolio in its ten largest
- Cash & debt
- 7.9%
- cash, money market and debt
- Moves this month
- 6 in · 8 out
- added to 10, trimmed 11
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In July 2026 it disclosed 30 stocks worth ₹2,836 Cr, down ₹45.4 Cr from Jun 2026. Its largest positions were Reliance Industries Limited (9.9%), Axis Bank Limited (8.0%), Kotak Mahindra Bank Limited (6.9%); the ten largest together made up 57.8% of the portfolio, and Banks was the biggest sector at 34.3% of its equity. Cash and debt stood at 7.9%. Compared with Jun 2026 the fund entered 6 new stocks and exited 8.
Against 226 other Sectoral / Thematic funds
Concentration
79%
Top-10 weight is higher than 79% of peers
Breadth
13%
Holds more stocks than 13% of peers
Cash
89%
Holds more cash than 89% of peers
Holdings in July 2026
Download CSVEvery line the fund disclosed, with the change against Jun 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 9.91%
- Δ weight
- up 0.26 pts
- Value
- ₹281 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 8.02%
- Δ weight
- up 2.74 pts
- Value
- ₹227 Cr
- Δ value
- up ₹75.2 Cr
- Status
- Added
- Weight
- 6.92%
- Δ weight
- up 1.07 pts
- Value
- ₹196 Cr
- Δ value
- up ₹27.7 Cr
- Status
- Added
- Weight
- 6.59%
- Δ weight
- down 0.33 pts
- Value
- ₹187 Cr
- Δ value
- down ₹12.5 Cr
- Status
- Trimmed
- Weight
- 6.52%
- Δ weight
- up 2.07 pts
- Value
- ₹185 Cr
- Δ value
- up ₹56.6 Cr
- Status
- Added
- Weight
- 5.56%
- Δ weight
- up 4.26 pts
- Value
- ₹158 Cr
- Δ value
- up ₹120 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 5.42%
- Δ weight
- down 4.94 pts
- Value
- ₹154 Cr
- Δ value
- down ₹145 Cr
- Status
- Trimmed
- Weight
- 4.03%
- Δ weight
- down 0.55 pts
- Value
- ₹114 Cr
- Δ value
- down ₹17.7 Cr
- Status
- Trimmed
- Weight
- 3.52%
- Δ weight
- up 0.20 pts
- Value
- ₹99.8 Cr
- Δ value
- up ₹4.2 Cr
- Status
- Added
- Weight
- 3.40%
- Δ weight
- up 3.40 pts
- Value
- ₹96.4 Cr
- Δ value
- up ₹96.4 Cr
- Status
- New
- Weight
- 3.34%
- Δ weight
- up 0.21 pts
- Value
- ₹94.6 Cr
- Δ value
- up ₹4.5 Cr
- Status
- Added
- Weight
- 3.16%
- Δ weight
- down 3.04 pts
- Value
- ₹89.6 Cr
- Δ value
- down ₹89 Cr
- Status
- Trimmed
- Weight
- 3.02%
- Δ weight
- up 1.19 pts
- Value
- ₹85.7 Cr
- Δ value
- up ₹32.8 Cr
- Status
- Added
- Weight
- 2.86%
- Δ weight
- down 1.00 pts
- Value
- ₹81.2 Cr
- Δ value
- down ₹30.1 Cr
- Status
- Trimmed
- Weight
- 2.67%
- Δ weight
- up 0.17 pts
- Value
- ₹75.8 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 2.58%
- Δ weight
- up 2.58 pts
- Value
- ₹73.1 Cr
- Δ value
- up ₹73.1 Cr
- Status
- New
- Weight
- 2.50%
- Δ weight
- down 0.03 pts
- Value
- ₹70.8 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- 91 Day Treasury BillsDebt
- Weight
- 2.45%
- Δ weight
- up 2.45 pts
- Value
- ₹69.4 Cr
- Δ value
- up ₹69.4 Cr
- Status
- New
- Weight
- 2.42%
- Δ weight
- up 1.09 pts
- Value
- ₹68.6 Cr
- Δ value
- up ₹30.3 Cr
- Status
- Added
- Weight
- 1.95%
- Δ weight
- up 1.60 pts
- Value
- ₹55.2 Cr
- Δ value
- up ₹45.1 Cr
- Status
- Added
- Weight
- 1.81%
- Δ weight
- down 1.74 pts
- Value
- ₹51.4 Cr
- Δ value
- down ₹50.9 Cr
- Status
- Trimmed
- Weight
- 1.71%
- Δ weight
- down 2.34 pts
- Value
- ₹48.5 Cr
- Δ value
- down ₹68.1 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- up 1.47 pts
- Value
- ₹41.6 Cr
- Δ value
- up ₹41.6 Cr
- Status
- New
- Weight
- 1.31%
- Δ weight
- down 0.04 pts
- Value
- ₹37 Cr
- Δ value
- down ₹1.8 Cr
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- up 0.03 pts
- Value
- ₹34.1 Cr
- Δ value
- up ₹24 L
- Status
- Added
- Weight
- 1.18%
- Δ weight
- up 0.09 pts
- Value
- ₹33.4 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.13%
- Δ weight
- up 1.13 pts
- Value
- ₹32.1 Cr
- Δ value
- up ₹32.1 Cr
- Status
- New
- Weight
- 1.09%
- Δ weight
- down 0.32 pts
- Value
- ₹31 Cr
- Δ value
- down ₹9.8 Cr
- Status
- Trimmed
- Weight
- 0.80%
- Δ weight
- down 1.29 pts
- Value
- ₹22.6 Cr
- Δ value
- down ₹37.4 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- up 0.68 pts
- Value
- ₹19.2 Cr
- Δ value
- up ₹19.2 Cr
- Status
- New
- Weight
- 0.57%
- Δ weight
- down 2.02 pts
- Value
- ₹16.3 Cr
- Δ value
- down ₹58.6 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- up 0.25 pts
- Value
- ₹7.1 Cr
- Δ value
- up ₹7.1 Cr
- Status
- New
- Unidentified holdings
- Weight
- −0.03%
- Δ weight
- down 0.03 pts
- Value
- −₹74 L
- Δ value
- down ₹74 L
- Status
- New
What changed, Jun 2026 to Jul 2026
New New positions (6)
- Asian Paints Limited3.4% · ₹96.4 Cr
- JSW Steel Limited2.6% · ₹73.1 Cr
- Eicher Motors Limited1.5% · ₹41.6 Cr
- Coal India Limited1.1% · ₹32.1 Cr
- GAIL (India) Limited0.7% · ₹19.2 Cr
- Maruti Suzuki India Limited0.2% · ₹7.1 Cr
Exited Exited (8)
- Bharti Airtel Limitedwas 4.3% · ₹125 Cr
- HCL Technologies Limitedwas 2.0% · ₹57.7 Cr
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 2026, the weight rose most in Banks (+5.4 pts) and Construction (+4.6 pts), and fell most in IT - Software (−6.3 pts) and Telecom - Services (−4.8 pts).
- Banks28.8% → 34.3%+5.4 pts
- Construction1.4% → 6.0%+4.6 pts
- Consumer Durables0.1% → 3.7%+3.5 pts
- Ferrous Metals0.0% → 2.8%new+2.8 pts
- Personal Products0.4% → 2.1%+1.7 pts
- Consumable Fuels0.0% → 1.2%new+1.2 pts
- IT - Software7.7% → 1.5%−6.3 pts
- Telecom - Services4.8% → 0.0%exited−4.8 pts
- Pharmaceuticals & Biotechnology9.1% → 4.6%−4.4 pts
- Oil1.4% → 0.0%exited−1.4 pts
- Finance5.5% → 4.4%−1.1 pts
- Power3.7% → 2.7%−1.0 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 | Jul 2025 | Jan 2026 | Apr 2026 | Jun 2026 | Jul 2026 |
|---|---|---|---|---|---|
| Banks | 17.5% | 22.6% | 20.2% | 28.8% | 34.3% |
| Petroleum Products | 5.8% | 5.7% | 11.0% | 10.8% | 10.8% |
| Diversified FMCG | 9.0% | 7.6% | 4.8% | 8.6% | 8.0% |
| Automobiles | 8.3% | 9.8% | 9.3% | 6.0% | 6.3% |
| Construction | 3.6% | 2.2% | 2.3% | 1.4% | 6.0% |
| Cement & Cement Products | 3.5% | 6.0% | 6.6% | 6.0% | 5.2% |
| Pharmaceuticals & Biotechnology | 8.9% | 8.2% | 6.5% | 9.1% | 4.6% |
| Finance | 3.5% | 2.5% | 4.7% | 5.5% | 4.4% |
| Consumer Durables | 3.9% | 1.3% | — | 0.1% | 3.7% |
| Food Products | 1.6% | 2.4% | 3.1% | 2.8% | 2.9% |
Allocation in Jul 2026change vs Jun 2026
- Banks (5)34.3%▲ 5.4 pts
- Petroleum Products (1)10.8%
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 2026
7.9%
▼ 2.5 pts vs Jun 2026
- Cash alone
- 5.4%
- cash and net receivables
- A year earlier
- 11.9%
- Jul 2025 · now ▼ 4.1 pts
- Last 12 months
- 2.6% – 10.4%
- 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.