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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
₹2,985 Cr
up ₹64.7 Cr vs Mar 2026
- Stocks held
- 33
- down 2 vs Mar 2026
- Top 10 weight
- 52.8%
- of the portfolio in its ten largest
- Cash & debt
- 8.4%
- cash, money market and debt
- Moves this month
- 6 in · 8 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 April 2026 it disclosed 33 stocks worth ₹2,985 Cr, up ₹64.7 Cr from Mar 2026. Its largest positions were Reliance Industries Limited (10.1%), HDFC Bank Limited (7.5%), Bajaj Auto Limited (5.5%); the ten largest together made up 52.8% of the portfolio, and Banks was the biggest sector at 20.2% of its equity. Cash and debt stood at 8.4%. Compared with Mar 2026 the fund entered 6 new stocks and exited 8.
Against 226 other Sectoral / Thematic funds
Concentration
67%
Top-10 weight is higher than 67% of peers
Breadth
18%
Holds more stocks than 18% of peers
Cash
90%
Holds more cash than 90% of peers
Holdings in April 2026
Download CSVEvery line the fund disclosed, with the change against Mar 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 10.12%
- Δ weight
- up 6.66 pts
- Value
- ₹302 Cr
- Δ value
- up ₹201 Cr
- Status
- Added
- Cash, TREPS & receivables
- Weight
- 8.38%
- Δ weight
- up 5.28 pts
- Value
- ₹250 Cr
- Δ value
- up ₹159 Cr
- Status
- Added
- Weight
- 7.50%
- Δ weight
- down 1.10 pts
- Value
- ₹224 Cr
- Δ value
- down ₹27.1 Cr
- Status
- Trimmed
- Weight
- 5.53%
- Δ weight
- up 0.04 pts
- Value
- ₹165 Cr
- Δ value
- up ₹4.6 Cr
- Status
- Added
- Weight
- 4.95%
- Δ weight
- up 1.74 pts
- Value
- ₹148 Cr
- Δ value
- up ₹53.9 Cr
- Status
- Added
- Weight
- 4.66%
- Δ weight
- down 3.60 pts
- Value
- ₹139 Cr
- Δ value
- down ₹102 Cr
- Status
- Trimmed
- Weight
- 4.54%
- Δ weight
- up 0.57 pts
- Value
- ₹135 Cr
- Δ value
- up ₹19.5 Cr
- Status
- Added
- Weight
- 4.29%
- Δ weight
- up 0.19 pts
- Value
- ₹128 Cr
- Δ value
- up ₹8.5 Cr
- Status
- Added
- Weight
- 4.27%
- Δ weight
- down 0.12 pts
- Value
- ₹127 Cr
- Δ value
- down ₹64 L
- Status
- Held
- Weight
- 3.75%
- Δ weight
- up 0.24 pts
- Value
- ₹112 Cr
- Δ value
- up ₹9.5 Cr
- Status
- Added
- Weight
- 3.22%
- Δ weight
- up 1.49 pts
- Value
- ₹96 Cr
- Δ value
- up ₹45.6 Cr
- Status
- Added
- Weight
- 3.19%
- Δ weight
- down 1.56 pts
- Value
- ₹95.1 Cr
- Δ value
- down ₹43.4 Cr
- Status
- Trimmed
- Weight
- 3.07%
- Δ weight
- up 0.05 pts
- Value
- ₹91.7 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 2.89%
- Δ weight
- up 0.09 pts
- Value
- ₹86.1 Cr
- Δ value
- up ₹4.6 Cr
- Status
- Added
- Weight
- 2.48%
- Δ weight
- down 1.85 pts
- Value
- ₹74.1 Cr
- Δ value
- down ₹52.4 Cr
- Status
- Trimmed
- Weight
- 2.43%
- Δ weight
- up 1.41 pts
- Value
- ₹72.5 Cr
- Δ value
- up ₹42.9 Cr
- Status
- Added
- Weight
- 2.39%
- Δ weight
- down 0.80 pts
- Value
- ₹71.4 Cr
- Δ value
- down ₹21.7 Cr
- Status
- Trimmed
- Weight
- 2.33%
- Δ weight
- down 1.53 pts
- Value
- ₹69.5 Cr
- Δ value
- down ₹43 Cr
- Status
- Trimmed
- Weight
- 2.15%
- Δ weight
- down 0.25 pts
- Value
- ₹64.1 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 2.07%
- Δ weight
- down 1.16 pts
- Value
- ₹61.8 Cr
- Δ value
- down ₹32.5 Cr
- Status
- Trimmed
- Weight
- 1.96%
- Δ weight
- up 1.96 pts
- Value
- ₹58.6 Cr
- Δ value
- up ₹58.6 Cr
- Status
- New
- Weight
- 1.90%
- Δ weight
- down 1.85 pts
- Value
- ₹56.7 Cr
- Δ value
- down ₹52.8 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- down 0.92 pts
- Value
- ₹55.9 Cr
- Δ value
- down ₹25.6 Cr
- Status
- Trimmed
- Weight
- 1.74%
- Δ weight
- down 0.01 pts
- Value
- ₹51.9 Cr
- Δ value
- up ₹79 L
- Status
- Added
- Weight
- 1.61%
- Δ weight
- up 0.69 pts
- Value
- ₹48 Cr
- Δ value
- up ₹21.1 Cr
- Status
- Added
- Weight
- 1.44%
- Δ weight
- down 0.10 pts
- Value
- ₹43 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 1.32%
- Δ weight
- up 1.32 pts
- Value
- ₹39.5 Cr
- Δ value
- up ₹39.5 Cr
- Status
- New
- Weight
- 1.17%
- Δ weight
- up 0.51 pts
- Value
- ₹35 Cr
- Δ value
- up ₹15.8 Cr
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.96 pts
- Value
- ₹28.6 Cr
- Δ value
- up ₹28.6 Cr
- Status
- New
- Weight
- 0.70%
- Δ weight
- up 0.02 pts
- Value
- ₹21 Cr
- Δ value
- up ₹1 Cr
- Status
- Added
- Weight
- 0.59%
- Δ weight
- up 0.59 pts
- Value
- ₹17.5 Cr
- Δ value
- up ₹17.5 Cr
- Status
- New
- Weight
- 0.30%
- Δ weight
- up 0.30 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹8.9 Cr
- Status
- New
- Weight
- 0.17%
- Δ weight
- up 0.17 pts
- Value
- ₹5 Cr
- Δ value
- up ₹5 Cr
- Status
- New
- Weight
- 0.12%
- Δ weight
- down 0.39 pts
- Value
- ₹3.6 Cr
- Δ value
- down ₹11.4 Cr
- Status
- Trimmed
- Unidentified holdings
- Weight
- −0.03%
- Δ weight
- down 0.01 pts
- Value
- −₹1 Cr
- Δ value
- down ₹35 L
- Status
- Trimmed
What changed, Mar 2026 to Apr 2026
New New positions (6)
- Dr. Reddy's Laboratories Limited2.0% · ₹58.6 Cr
- Cummins India Limited1.3% · ₹39.5 Cr
- Lupin Limited1.0% · ₹28.6 Cr
- TVS Motor Company Limited0.6% · ₹17.5 Cr
- Marico Limited0.3% · ₹8.9 Cr
- GAIL (India) Limited0.2% · ₹5 Cr
Exited Exited (8)
- Wipro Limitedwas 2.4% · ₹69.4 Cr
- Trent Limitedwas 1.7% · ₹48.5 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 Mar 2026, the weight rose most in Petroleum Products (+7.5 pts) and Pharmaceuticals & Biotechnology (+3.4 pts), and fell most in Banks (−5.2 pts) and Diversified FMCG (−3.6 pts).
- Petroleum Products3.6% → 11.0%+7.5 pts
- Pharmaceuticals & Biotechnology3.1% → 6.5%+3.4 pts
- Healthcare Services1.0% → 2.7%+1.6 pts
- Industrial Products0.0% → 1.4%new+1.4 pts
- Telecom - Services4.1% → 4.9%+0.9 pts
- Finance4.2% → 4.7%+0.5 pts
- Banks25.4% → 20.2%−5.2 pts
- Diversified FMCG8.3% → 4.8%−3.6 pts
- IT - Software11.1% → 9.4%−1.7 pts
- Retailing1.7% → 0.0%exited−1.7 pts
- Cement & Cement Products8.2% → 6.6%−1.6 pts
- Consumer Durables1.3% → 0.0%exited−1.3 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 | Apr 2025 | Oct 2025 | Jan 2026 | Mar 2026 | Apr 2026 |
|---|---|---|---|---|---|
| Banks | 22.2% | 21.9% | 22.6% | 25.4% | 20.2% |
| Petroleum Products | 11.3% | 6.3% | 5.7% | 3.6% | 11.0% |
| IT - Software | 11.7% | 15.7% | 9.1% | 11.1% | 9.4% |
| Automobiles | 8.0% | 9.9% | 9.8% | 9.0% | 9.3% |
| Cement & Cement Products | 3.3% | 2.1% | 6.0% | 8.2% | 6.6% |
| Insurance | 5.5% | 7.1% | 6.8% | 6.8% | 6.6% |
| Pharmaceuticals & Biotechnology | 9.8% | 8.0% | 8.2% | 3.1% | 6.5% |
| Telecom - Services | 3.8% | 5.0% | 4.1% | 4.1% | 4.9% |
| Diversified FMCG | 7.8% | 7.6% | 7.6% | 8.3% | 4.8% |
| Finance | — | 3.3% | 2.5% | 4.2% | 4.7% |
Allocation in Apr 2026change vs Mar 2026
- Banks (4)20.2%▼ 5.2 pts
- Petroleum Products (1)11.0%▲ 7.5 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 2026
8.4%
▲ 5.3 pts vs Mar 2026
- Cash alone
- 8.4%
- cash and net receivables
- A year earlier
- 15.9%
- Apr 2025 · now ▼ 7.5 pts
- Last 12 months
- 2.6% – 12.3%
- 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.