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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
₹3,624 Cr
up ₹148 Cr vs Mar 2025
- Stocks held
- 32
- unchanged
- Top 10 weight
- 49.3%
- of the portfolio in its ten largest
- Cash & debt
- 15.9%
- cash, money market and debt
- Moves this month
- 1 in · 1 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 April 2025 it disclosed 32 stocks worth ₹3,624 Cr, up ₹148 Cr from Mar 2025. Its largest positions were Reliance Industries Limited (9.5%), HDFC Bank Limited (6.9%), ICICI Bank Limited (5.7%); the ten largest together made up 49.3% of the portfolio, and Banks was the biggest sector at 22.2% of its equity. Cash and debt stood at 15.9%. Compared with Mar 2025 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
58%
Top-10 weight is higher than 58% of peers
Breadth
17%
Holds more stocks than 17% of peers
Cash
99%
Holds more cash than 99% of peers
Holdings in April 2025
Download CSVEvery line the fund disclosed, with the change against Mar 2025. Click a column to sort; click a company to see every fund that owns it.
| Cash, TREPS & receivables | 13.34% | up 5.88 pts | ₹483 Cr | up ₹224 Cr | Added |
| Reliance Industries Limited | 9.53% | up 3.45 pts | ₹346 Cr | up ₹134 Cr | Added |
| HDFC Bank Limited | 6.91% | down 2.27 pts | ₹250 Cr | down ₹68.8 Cr | Trimmed |
| ICICI Bank Limited | 5.65% | down 2.09 pts | ₹205 Cr | down ₹64.2 Cr | Trimmed |
| Tata Consultancy Services Limited | 5.12% | up 0.81 pts | ₹186 Cr | up ₹35.8 Cr | Added |
| ITC Limited | 4.25% | up 0.05 pts | ₹154 Cr | up ₹8.1 Cr | Added |
| Larsen & Toubro Limited | 4.18% | up 0.45 pts | ₹151 Cr | up ₹22 Cr | Added |
| Sun Pharmaceutical Industries Limited | 4.04% | up 0.14 pts | ₹146 Cr | up ₹11 Cr | Added |
| Axis Bank Limited | 3.38% | down 0.77 pts | ₹122 Cr | down ₹21.7 Cr | Trimmed |
| Bharti Airtel Limited | 3.16% | down 0.86 pts | ₹114 Cr | down ₹25.4 Cr | Trimmed |
| Maruti Suzuki India Limited | 3.07% | up 1.29 pts | ₹111 Cr | up ₹49.2 Cr | Added |
| UltraTech Cement Limited | 2.82% | down 0.25 pts | ₹102 Cr | down ₹4.6 Cr | Trimmed |
| State Bank of India | 2.74% | down 0.55 pts | ₹99.2 Cr | down ₹15.2 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 2.62% | down 0.47 pts | ₹94.9 Cr | down ₹12.3 Cr | Trimmed |
| Hindustan Unilever Limited | 2.31% | down 0.48 pts | ₹83.8 Cr | down ₹13.4 Cr | Trimmed |
| Cipla Limited | 2.22% | up 0.20 pts | ₹80.4 Cr | up ₹10.3 Cr | Added |
| Power Grid Corporation of India Limited | 2.09% | down 0.37 pts | ₹75.7 Cr | down ₹9.8 Cr | Trimmed |
| NTPC Limited | 2.05% | down 0.89 pts | ₹74.3 Cr | down ₹27.7 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.03% | up 0.17 pts | ₹73.6 Cr | up ₹9.1 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.97% | up 0.03 pts | ₹71.4 Cr | up ₹3.8 Cr | Added |
| Infosys Limited | 1.79% | down 0.16 pts | ₹64.7 Cr | down ₹3 Cr | Trimmed |
| Hero MotoCorp Limited | 1.71% | up 0.46 pts | ₹62.1 Cr | up ₹18.5 Cr | Added |
| Britannia Industries Limited | 1.59% | down 1.11 pts | ₹57.6 Cr | down ₹36.1 Cr | Trimmed |
| HCL Technologies Limited | 1.32% | down 0.08 pts | ₹47.7 Cr | down ₹76 L | Trimmed |
| Brookfield India Real Estate Trust REIT / InvIT | 1.08% | down 1.46 pts | ₹39.2 Cr | down ₹49.1 Cr | Trimmed |
| Eicher Motors Limited | 1.02% | down 0.91 pts | ₹37.1 Cr | down ₹30.1 Cr | Trimmed |
| 91 Days Treasury Bills Debt | 0.98% | up 0.98 pts | ₹35.6 Cr | up ₹35.6 Cr | New |
| Asian Paints Limited | 0.94% | down 0.16 pts | ₹34 Cr | down ₹4.1 Cr | Trimmed |
| Bajaj Auto Limited | 0.92% | down 0.02 pts | ₹33.4 Cr | up ₹63 L | Added |
| 91 Days Treasury Bills Debt | 0.82% | up 0.82 pts | ₹29.7 Cr | up ₹29.7 Cr | New |
| Tech Mahindra Limited | 0.82% | up 0.01 pts | ₹29.6 Cr | up ₹1.7 Cr | Added |
| Wipro Limited | 0.78% | down 0.10 pts | ₹28.2 Cr | down ₹2.4 Cr | Trimmed |
| Trent Limited | 0.74% | down 0.05 pts | ₹26.7 Cr | down ₹79 L | Trimmed |
| 364 Days Treasury Bills Debt | 0.74% | up 0.74 pts | ₹26.7 Cr | up ₹26.7 Cr | New |
| Titan Company Limited | 0.59% | down 0.82 pts | ₹21.3 Cr | down ₹27.5 Cr | Trimmed |
| Nestle India Limited | 0.42% | up 0.01 pts | ₹15 Cr | up ₹87 L | Added |
| Oil & Natural Gas Corporation Limited | 0.34% | up 0.34 pts | ₹12.3 Cr | up ₹12.3 Cr | New |
| 91 Days Treasury Bills Debt | 0.03% | up 0.03 pts | ₹100 L | up ₹100 L | New |
| Unidentified holdings | −0.07% | down 0.07 pts | −₹2.6 Cr | down ₹2.6 Cr | New |
What changed, Mar 2025 to Apr 2025
New New positions (1)
- Oil & Natural Gas Corporation Limited0.3% · ₹12.3 Cr
Exited Exited (1)
- Apollo Hospitals Enterprise Limitedwas 0.6% · ₹20.7 Cr
Added Biggest additions
- Reliance Industries Limitedup ₹134 Cr (+3.45% pts)
- Maruti Suzuki India Limitedup ₹49.2 Cr (+1.29% pts)
- Tata Consultancy Services Limitedup ₹35.8 Cr (+0.81% 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 Mar 2025, the weight rose most in Petroleum Products (+4.7 pts) and Automobiles (+1.5 pts), and fell most in Banks (−4.5 pts) and Realty (−1.5 pts).
- Petroleum Products6.7% → 11.3%+4.7 pts
- Automobiles6.5% → 8.0%+1.5 pts
- IT - Software10.2% → 11.7%+1.4 pts
- Pharmaceuticals & Biotechnology8.6% → 9.8%+1.2 pts
- Construction4.1% → 5.0%+0.9 pts
- Oil0.0% → 0.4%new+0.4 pts
- Banks26.7% → 22.2%−4.5 pts
- Realty2.8% → 1.3%−1.5 pts
- Food Products3.4% → 2.4%−1.0 pts
- Power5.9% → 4.9%−1.0 pts
- Consumer Durables2.7% → 1.8%−0.9 pts
- Telecom - Services4.4% → 3.8%−0.7 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 | Mar 2025 | Apr 2025 |
|---|---|---|---|
| Banks | 27.8% | 26.7% | 22.2% |
| IT - Software | 14.9% | 10.2% | 11.7% |
| Petroleum Products | 5.1% | 6.7% | 11.3% |
| Pharmaceuticals & Biotechnology | 7.9% | 8.6% | 9.8% |
| Automobiles | 6.1% | 6.5% | 8.0% |
| Diversified FMCG | 8.2% | 7.7% | 7.8% |
| Insurance | 4.8% | 5.4% | 5.5% |
| Construction | 3.3% | 4.1% | 5.0% |
| Power | 6.0% | 5.9% | 4.9% |
| Telecom - Services | 4.4% | 4.4% | 3.8% |
Allocation in Apr 2025change vs Mar 2025
- Banks (4)22.2%▼ 4.5 pts
- IT - Software (5)11.7%▲ 1.4 pts
- Petroleum Products (1)11.3%▲ 4.7 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, Apr 2025
15.9%
▲ 7.1 pts vs Mar 2025
- Cash alone
- 13.3%
- 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.