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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
₹3,678 Cr
down ₹15.5 Cr vs Aug 2025
- Stocks held
- 34
- down 1 vs Aug 2025
- Top 10 weight
- 46.4%
- of the portfolio in its ten largest
- Cash & debt
- 6.1%
- cash, money market and debt
- Moves this month
- 0 in · 1 out
- added to 10, trimmed 18
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In September 2025 it disclosed 34 stocks worth ₹3,678 Cr, down ₹15.5 Cr from Aug 2025. Its largest positions were Infosys Limited (6.6%), Reliance Industries Limited (5.8%), ICICI Bank Limited (5.0%); the ten largest together made up 46.4% of the portfolio, and Banks was the biggest sector at 19.8% of its equity. Cash and debt stood at 6.1%. Compared with Aug 2025 the fund entered 0 new stocks and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
51%
Top-10 weight is higher than 51% of peers
Breadth
21%
Holds more stocks than 21% of peers
Cash
80%
Holds more cash than 80% of peers
Holdings in September 2025
Download CSVEvery line the fund disclosed, with the change against Aug 2025. Click a column to sort; click a company to see every fund that owns it.
| Infosys Limited | 6.58% | down 0.10 pts | ₹242 Cr | down ₹4.7 Cr | Trimmed |
| Reliance Industries Limited | 5.78% | up 0.05 pts | ₹213 Cr | up ₹1.1 Cr | Added |
| ICICI Bank Limited | 5.00% | down 0.16 pts | ₹184 Cr | down ₹6.8 Cr | Trimmed |
| Maruti Suzuki India Limited | 4.86% | up 0.14 pts | ₹179 Cr | up ₹4.2 Cr | Added |
| Cash, TREPS & receivables | 4.85% | down 1.12 pts | ₹178 Cr | down ₹42.1 Cr | Trimmed |
| Bharti Airtel Limited | 4.60% | down 0.01 pts | ₹169 Cr | down ₹94 L | Trimmed |
| ITC Limited | 4.37% | down 0.07 pts | ₹161 Cr | down ₹3.3 Cr | Trimmed |
| Tata Consultancy Services Limited | 4.22% | down 0.27 pts | ₹155 Cr | down ₹10.6 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 3.92% | up 0.02 pts | ₹144 Cr | down ₹2 L | Held |
| HDFC Bank Limited | 3.64% | up 0.01 pts | ₹134 Cr | down ₹8 L | Held |
| Kotak Mahindra Bank Limited | 3.40% | up 1.40 pts | ₹125 Cr | up ₹51.2 Cr | Added |
| Axis Bank Limited | 3.31% | up 0.27 pts | ₹122 Cr | up ₹9.3 Cr | Added |
| State Bank of India | 3.23% | up 0.27 pts | ₹119 Cr | up ₹9.5 Cr | Added |
| Bajaj Finserv Limited | 3.20% | up 0.16 pts | ₹118 Cr | up ₹5.5 Cr | Added |
| HDFC Life Insurance Company Limited | 3.20% | down 0.05 pts | ₹118 Cr | down ₹2.4 Cr | Trimmed |
| Hero MotoCorp Limited | 2.97% | up 1.05 pts | ₹109 Cr | up ₹38.2 Cr | Added |
| Asian Paints Limited | 2.81% | down 0.19 pts | ₹103 Cr | down ₹7.4 Cr | Trimmed |
| NTPC Limited | 2.53% | up 0.11 pts | ₹93.1 Cr | up ₹3.5 Cr | Added |
| Hindustan Unilever Limited | 2.44% | down 0.13 pts | ₹89.6 Cr | down ₹5.2 Cr | Trimmed |
| Larsen & Toubro Limited | 2.28% | down 0.86 pts | ₹83.8 Cr | down ₹32.3 Cr | Trimmed |
| Power Grid Corporation of India Limited | 2.26% | up 0.05 pts | ₹83 Cr | up ₹1.5 Cr | Added |
| UltraTech Cement Limited | 2.20% | down 0.07 pts | ₹81 Cr | down ₹2.8 Cr | Trimmed |
| Wipro Limited | 1.97% | down 0.07 pts | ₹72.3 Cr | down ₹3 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 1.90% | down 0.05 pts | ₹69.8 Cr | down ₹2.1 Cr | Trimmed |
| SBI Life Insurance Company Limited | 1.79% | down 0.01 pts | ₹65.7 Cr | down ₹55 L | Trimmed |
| Life Insurance Corporation Of India | 1.72% | up 0.10 pts | ₹63.4 Cr | up ₹3.4 Cr | Added |
| Cipla Limited | 1.68% | down 0.09 pts | ₹62 Cr | down ₹3.5 Cr | Trimmed |
| Bajaj Auto Limited | 1.66% | up 0.50 pts | ₹61.1 Cr | up ₹18.1 Cr | Added |
| Tech Mahindra Limited | 1.21% | down 0.06 pts | ₹44.4 Cr | down ₹2.6 Cr | Trimmed |
| HCL Technologies Limited | 1.15% | down 0.05 pts | ₹42.2 Cr | down ₹2.1 Cr | Trimmed |
| Brookfield India Real Estate Trust REIT / InvIT | 1.09% | up 0.08 pts | ₹40.2 Cr | up ₹2.8 Cr | Added |
| Britannia Industries Limited | 0.77% | up 0.02 pts | ₹28.4 Cr | up ₹79 L | Added |
| 364 Days Tbill (MD Debt | 0.67% | up 0.67 pts | ₹24.8 Cr | up ₹24.8 Cr | New |
| Nestle India Limited | 0.65% | up <0.01 pts | ₹23.8 Cr | down ₹7 L | Held |
| Trent Limited | 0.64% | down 0.08 pts | ₹23.7 Cr | down ₹3.1 Cr | Trimmed |
| Titan Company Limited | 0.58% | down 0.04 pts | ₹21.2 Cr | down ₹1.7 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 0.33% | up 0.01 pts | ₹12 Cr | up ₹29 L | Added |
| 182 Days Treasury Bills Debt | 0.22% | up <0.01 pts | ₹8 Cr | up ₹4 L | Held |
| 91 Days Treasury Bills Debt | 0.16% | up <0.01 pts | ₹6 Cr | up ₹3 L | Held |
| 364 DAYS T-BILL 2025 Debt | 0.11% | up <0.01 pts | ₹4 Cr | up ₹2 L | Held |
| 91 Days Treasury Bills Debt | 0.05% | up <0.01 pts | ₹2 Cr | up ₹1 L | Held |
What changed, Aug 2025 to Sep 2025
New New positions (0)
None.
Exited Exited (1)
- Eicher Motors Limitedwas 0.7% · ₹25 Cr
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹51.2 Cr (+1.40% pts)
- Hero MotoCorp Limitedup ₹38.2 Cr (+1.05% pts)
- Bajaj Auto Limitedup ₹18.1 Cr (+0.50% pts)
- State Bank of Indiaup ₹9.5 Cr (+0.27% 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 Aug 2025, the weight rose most in Banks (+1.7 pts) and Automobiles (+1.0 pts), and fell most in Construction (−1.0 pts) and IT - Software (−0.8 pts).
- Banks18.1% → 19.8%+1.7 pts
- Automobiles9.2% → 10.1%+1.0 pts
- Finance3.3% → 3.4%+0.1 pts
- Power5.0% → 5.1%+0.1 pts
- Construction3.4% → 2.4%−1.0 pts
- IT - Software16.9% → 16.1%−0.8 pts
- Diversified FMCG7.6% → 7.2%−0.3 pts
- Consumer Durables3.9% → 3.6%−0.3 pts
- Pharmaceuticals & Biotechnology8.2% → 8.0%−0.2 pts
- Cement & Cement Products2.4% → 2.3%−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 | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 |
|---|---|---|---|---|
| Banks | 26.7% | 19.1% | 18.1% | 19.8% |
| IT - Software | 10.2% | 14.9% | 16.9% | 16.1% |
| Automobiles | 6.5% | 10.6% | 9.2% | 10.1% |
| Pharmaceuticals & Biotechnology | 8.6% | 7.4% | 8.2% | 8.0% |
| Diversified FMCG | 7.7% | 7.9% | 7.6% | 7.2% |
| Insurance | 5.4% | 6.5% | 7.2% | 7.1% |
| Petroleum Products | 6.7% | 6.1% | 6.2% | 6.2% |
| Power | 5.9% | 5.7% | 5.0% | 5.1% |
| Telecom - Services | 4.4% | 3.5% | 5.0% | 4.9% |
| Consumer Durables | 2.7% | 2.7% | 3.9% | 3.6% |
Allocation in Sep 2025change vs Aug 2025
- Banks (5)19.8%▲ 1.7 pts
- IT - Software (5)16.1%▼ 0.8 pts
- Automobiles (3)10.1%▲ 1.0 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, Sep 2025
6.1%
▼ 1.2 pts vs Aug 2025
- Cash alone
- 4.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 6.1% – 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.