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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
₹3,513 Cr
down ₹172 Cr vs Jan 2026
- Stocks held
- 35
- unchanged
- Top 10 weight
- 45.7%
- of the portfolio in its ten largest
- Cash & debt
- 4.7%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 20
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In February 2026 it disclosed 35 stocks worth ₹3,513 Cr, down ₹172 Cr from Jan 2026. Its largest positions were ICICI Bank Limited (7.8%), Reliance Industries Limited (6.0%), HDFC Bank Limited (4.7%); the ten largest together made up 45.7% of the portfolio, and Banks was the biggest sector at 20.7% of its equity. Cash and debt stood at 4.7%. Compared with Jan 2026 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
48%
Top-10 weight is higher than 48% of peers
Breadth
25%
Holds more stocks than 25% of peers
Cash
69%
Holds more cash than 69% of peers
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 7.85%
- Δ weight
- down 1.00 pts
- Value
- ₹276 Cr
- Δ value
- down ₹50.4 Cr
- Status
- Trimmed
- Weight
- 5.95%
- Δ weight
- up 0.48 pts
- Value
- ₹209 Cr
- Δ value
- up ₹7.4 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 4.75%
- Δ weight
- up 1.08 pts
- Value
- ₹167 Cr
- Δ value
- up ₹31.7 Cr
- Status
- Added
- Weight
- 4.68%
- Δ weight
- up 0.26 pts
- Value
- ₹164 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 4.42%
- Δ weight
- up 0.17 pts
- Value
- ₹155 Cr
- Δ value
- down ₹1.3 Cr
- Status
- Trimmed
- Weight
- 4.10%
- Δ weight
- up 0.13 pts
- Value
- ₹144 Cr
- Δ value
- down ₹2.1 Cr
- Status
- Trimmed
- Weight
- 3.96%
- Δ weight
- up 0.33 pts
- Value
- ₹139 Cr
- Δ value
- up ₹5.2 Cr
- Status
- Added
- Weight
- 3.74%
- Δ weight
- down 0.16 pts
- Value
- ₹132 Cr
- Δ value
- down ₹12.3 Cr
- Status
- Trimmed
- Weight
- 3.74%
- Δ weight
- up 1.31 pts
- Value
- ₹131 Cr
- Δ value
- up ₹42 Cr
- Status
- Added
- Weight
- 3.62%
- Δ weight
- up 0.45 pts
- Value
- ₹127 Cr
- Δ value
- up ₹10.4 Cr
- Status
- Added
- Weight
- 3.61%
- Δ weight
- down 0.14 pts
- Value
- ₹127 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Weight
- 3.55%
- Δ weight
- down 0.11 pts
- Value
- ₹125 Cr
- Δ value
- down ₹10.2 Cr
- Status
- Trimmed
- Weight
- 3.40%
- Δ weight
- up 0.07 pts
- Value
- ₹119 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 3.00%
- Δ weight
- up 0.46 pts
- Value
- ₹105 Cr
- Δ value
- up ₹11.8 Cr
- Status
- Added
- Weight
- 2.99%
- Δ weight
- down 0.60 pts
- Value
- ₹105 Cr
- Δ value
- down ₹27.4 Cr
- Status
- Trimmed
- Weight
- 2.88%
- Δ weight
- up 2.88 pts
- Value
- ₹101 Cr
- Δ value
- up ₹101 Cr
- Status
- New
- Weight
- 2.78%
- Δ weight
- down 0.14 pts
- Value
- ₹97.5 Cr
- Δ value
- down ₹10.1 Cr
- Status
- Trimmed
- Weight
- 2.76%
- Δ weight
- up 0.27 pts
- Value
- ₹97.1 Cr
- Δ value
- up ₹5.3 Cr
- Status
- Added
- Weight
- 2.44%
- Δ weight
- down 1.11 pts
- Value
- ₹85.8 Cr
- Δ value
- down ₹45.1 Cr
- Status
- Trimmed
- Weight
- 2.42%
- Δ weight
- up 0.17 pts
- Value
- ₹85 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 2.06%
- Δ weight
- down 0.19 pts
- Value
- ₹72.3 Cr
- Δ value
- down ₹10.7 Cr
- Status
- Trimmed
- Weight
- 1.97%
- Δ weight
- down 1.37 pts
- Value
- ₹69.1 Cr
- Δ value
- down ₹54 Cr
- Status
- Trimmed
- Weight
- 1.75%
- Δ weight
- down 0.38 pts
- Value
- ₹61.4 Cr
- Δ value
- down ₹17.1 Cr
- Status
- Trimmed
- Weight
- 1.70%
- Δ weight
- up 0.13 pts
- Value
- ₹59.8 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 1.68%
- Δ weight
- up 0.22 pts
- Value
- ₹59.1 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.68%
- Δ weight
- down 1.11 pts
- Value
- ₹59.1 Cr
- Δ value
- down ₹43.8 Cr
- Status
- Trimmed
- Weight
- 1.68%
- Δ weight
- down 0.56 pts
- Value
- ₹58.9 Cr
- Δ value
- down ₹23.4 Cr
- Status
- Trimmed
- Weight
- 1.63%
- Δ weight
- up 0.12 pts
- Value
- ₹57.4 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 1.61%
- Δ weight
- down 0.45 pts
- Value
- ₹56.6 Cr
- Δ value
- down ₹19.3 Cr
- Status
- Trimmed
- Weight
- 1.56%
- Δ weight
- up 0.14 pts
- Value
- ₹54.9 Cr
- Δ value
- up ₹2.6 Cr
- Status
- Added
- Weight
- 1.24%
- Δ weight
- down 0.99 pts
- Value
- ₹43.6 Cr
- Δ value
- down ₹38.4 Cr
- Status
- Trimmed
- Brookfield India Real Estate TrustREIT / InvIT
- Weight
- 1.23%
- Δ weight
- up 0.11 pts
- Value
- ₹43.2 Cr
- Δ value
- up ₹1.9 Cr
- Status
- Added
- Weight
- 1.23%
- Δ weight
- up 0.15 pts
- Value
- ₹43.1 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 1.11%
- Δ weight
- up 0.17 pts
- Value
- ₹39.1 Cr
- Δ value
- up ₹4.3 Cr
- Status
- Added
- Weight
- 0.86%
- Δ weight
- down 0.19 pts
- Value
- ₹30.2 Cr
- Δ value
- down ₹8.6 Cr
- Status
- Trimmed
- Weight
- 0.30%
- Δ weight
- down 0.46 pts
- Value
- ₹10.6 Cr
- Δ value
- down ₹17.6 Cr
- Status
- Trimmed
- Weight
- 0.17%
- Δ weight
- up <0.01 pts
- Value
- ₹6 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Unidentified holdings
- Weight
- −0.10%
- Δ weight
- down 0.10 pts
- Value
- −₹3.3 Cr
- Δ value
- down ₹3.3 Cr
- Status
- New
What changed, Jan 2026 to Feb 2026
New New positions (1)
- Grasim Industries Limited2.9% · ₹101 Cr
Exited Exited (1)
- Kwality Walls (India) Limitedwas <0.1% · ₹1.8 Cr
Added Biggest additions
- Bajaj Finserv Limitedup ₹42 Cr (+1.31% pts)
- Tata Consultancy Services Limitedup ₹11.8 Cr (+0.46% pts)
- Sun Pharmaceutical Industries Limitedup ₹10.4 Cr (+0.45% 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 Jan 2026, the weight rose most in Cement & Cement Products (+2.5 pts) and Finance (+1.4 pts), and fell most in Power (−2.3 pts) and Banks (−1.9 pts).
- Cement & Cement Products6.0% → 8.5%+2.5 pts
- Finance2.5% → 3.9%+1.4 pts
- Petroleum Products5.7% → 6.2%+0.6 pts
- Diversified FMCG7.6% → 7.9%+0.3 pts
- Healthcare Services1.0% → 1.2%+0.2 pts
- Consumer Durables1.3% → 1.5%+0.2 pts
- Power6.6% → 4.3%−2.3 pts
- Banks22.6% → 20.7%−1.9 pts
- Automobiles9.8% → 9.0%−0.8 pts
- Construction2.2% → 1.8%−0.4 pts
- Pharmaceuticals & Biotechnology8.2% → 8.0%−0.2 pts
- Telecom - Services4.1% → 3.9%−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 | Feb 2025 | Aug 2025 | Nov 2025 | Jan 2026 | Feb 2026 |
|---|---|---|---|---|---|
| Banks | 29.8% | 18.1% | 23.2% | 22.6% | 20.7% |
| IT - Software | 10.2% | 16.9% | 15.3% | 9.1% | 9.1% |
| Automobiles | 6.3% | 9.2% | 10.1% | 9.8% | 9.0% |
| Cement & Cement Products | 3.3% | 2.4% | 2.8% | 6.0% | 8.5% |
| Pharmaceuticals & Biotechnology | 8.6% | 8.2% | 7.6% | 8.2% | 8.0% |
| Diversified FMCG | 7.5% | 7.6% | 6.3% | 7.6% | 7.9% |
| Insurance | 5.6% | 7.2% | 8.4% | 6.8% | 6.7% |
| Petroleum Products | 5.1% | 6.2% | 5.3% | 5.7% | 6.2% |
| Power | 5.8% | 5.0% | 3.4% | 6.6% | 4.3% |
| Telecom - Services | 4.4% | 5.0% | 5.1% | 4.1% | 3.9% |
Allocation in Feb 2026change vs Jan 2026
- Banks (5)20.7%▼ 1.9 pts
- IT - Software (4)9.1%
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, Feb 2026
4.7%
▲ 1.1 pts vs Jan 2026
- Cash alone
- 4.7%
- cash and net receivables
- A year earlier
- 11.4%
- Feb 2025 · now ▼ 6.7 pts
- 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.