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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
₹2,925 Cr
down ₹59.5 Cr vs Apr 2026
- Stocks held
- 36
- up 3 vs Apr 2026
- Top 10 weight
- 55.8%
- of the portfolio in its ten largest
- Cash & debt
- 5.9%
- cash, money market and debt
- Moves this month
- 6 in · 3 out
- added to 10, trimmed 17
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In May 2026 it disclosed 36 stocks worth ₹2,925 Cr, down ₹59.5 Cr from Apr 2026. Its largest positions were Reliance Industries Limited (9.5%), HDFC Bank Limited (7.0%), State Bank of India (6.6%); the ten largest together made up 55.8% of the portfolio, and Banks was the biggest sector at 30.1% of its equity. Cash and debt stood at 5.9%. Compared with Apr 2026 the fund entered 6 new stocks and exited 3.
Against 226 other Sectoral / Thematic funds
Concentration
74%
Top-10 weight is higher than 74% of peers
Breadth
31%
Holds more stocks than 31% of peers
Cash
80%
Holds more cash than 80% of peers
Holdings in May 2026
Download CSVEvery line the fund disclosed, with the change against Apr 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 9.53%
- Δ weight
- down 0.58 pts
- Value
- ₹279 Cr
- Δ value
- down ₹23.1 Cr
- Status
- Trimmed
- Weight
- 7.00%
- Δ weight
- down 0.50 pts
- Value
- ₹205 Cr
- Δ value
- down ₹19 Cr
- Status
- Trimmed
- Weight
- 6.59%
- Δ weight
- up 6.59 pts
- Value
- ₹193 Cr
- Δ value
- up ₹193 Cr
- Status
- New
- Cash, TREPS & receivables
- Weight
- 5.92%
- Δ weight
- down 2.45 pts
- Value
- ₹173 Cr
- Δ value
- down ₹76.8 Cr
- Status
- Trimmed
- Weight
- 5.56%
- Δ weight
- up 0.61 pts
- Value
- ₹163 Cr
- Δ value
- up ₹14.8 Cr
- Status
- Added
- Weight
- 5.32%
- Δ weight
- up 2.10 pts
- Value
- ₹156 Cr
- Δ value
- up ₹59.6 Cr
- Status
- Added
- Weight
- 4.72%
- Δ weight
- up 0.07 pts
- Value
- ₹138 Cr
- Δ value
- down ₹77 L
- Status
- Trimmed
- Weight
- 4.67%
- Δ weight
- up 1.49 pts
- Value
- ₹137 Cr
- Δ value
- up ₹41.6 Cr
- Status
- Added
- Weight
- 4.47%
- Δ weight
- up 0.18 pts
- Value
- ₹131 Cr
- Δ value
- up ₹2.7 Cr
- Status
- Added
- Weight
- 4.35%
- Δ weight
- up 0.60 pts
- Value
- ₹127 Cr
- Δ value
- up ₹15.4 Cr
- Status
- Added
- Weight
- 3.58%
- Δ weight
- down 1.95 pts
- Value
- ₹105 Cr
- Δ value
- down ₹60.3 Cr
- Status
- Trimmed
- Weight
- 3.53%
- Δ weight
- up 1.63 pts
- Value
- ₹103 Cr
- Δ value
- up ₹46.6 Cr
- Status
- Added
- Weight
- 3.25%
- Δ weight
- up 0.82 pts
- Value
- ₹95.2 Cr
- Δ value
- up ₹22.6 Cr
- Status
- Added
- Weight
- 3.14%
- Δ weight
- up 0.99 pts
- Value
- ₹91.7 Cr
- Δ value
- up ₹27.6 Cr
- Status
- Added
- Weight
- 2.67%
- Δ weight
- up 0.60 pts
- Value
- ₹78.2 Cr
- Δ value
- up ₹16.4 Cr
- Status
- Added
- Weight
- 2.49%
- Δ weight
- down 0.40 pts
- Value
- ₹72.9 Cr
- Δ value
- down ₹13.3 Cr
- Status
- Trimmed
- Weight
- 2.36%
- Δ weight
- up 0.03 pts
- Value
- ₹68.9 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 2.21%
- Δ weight
- down 0.27 pts
- Value
- ₹64.7 Cr
- Δ value
- down ₹9.5 Cr
- Status
- Trimmed
- Weight
- 2.18%
- Δ weight
- up 0.57 pts
- Value
- ₹63.7 Cr
- Δ value
- up ₹15.8 Cr
- Status
- Added
- Weight
- 2.15%
- Δ weight
- down 2.12 pts
- Value
- ₹62.9 Cr
- Δ value
- down ₹64.6 Cr
- Status
- Trimmed
- Weight
- 1.98%
- Δ weight
- up 0.11 pts
- Value
- ₹58 Cr
- Δ value
- up ₹2.2 Cr
- Status
- Added
- Weight
- 1.78%
- Δ weight
- down 0.18 pts
- Value
- ₹52.1 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 1.69%
- Δ weight
- down 0.05 pts
- Value
- ₹49.4 Cr
- Δ value
- down ₹2.5 Cr
- Status
- Trimmed
- Weight
- 1.51%
- Δ weight
- up 0.07 pts
- Value
- ₹44.1 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 1.25%
- Δ weight
- down 3.28 pts
- Value
- ₹36.6 Cr
- Δ value
- down ₹98.8 Cr
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- up 1.04 pts
- Value
- ₹30.5 Cr
- Δ value
- up ₹30.5 Cr
- Status
- New
- Weight
- 0.79%
- Δ weight
- down 0.38 pts
- Value
- ₹23.2 Cr
- Δ value
- down ₹11.8 Cr
- Status
- Trimmed
- Weight
- 0.68%
- Δ weight
- down 0.02 pts
- Value
- ₹19.9 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.62%
- Δ weight
- down 0.34 pts
- Value
- ₹18.1 Cr
- Δ value
- down ₹10.5 Cr
- Status
- Trimmed
- Weight
- 0.57%
- Δ weight
- down 0.01 pts
- Value
- ₹16.8 Cr
- Δ value
- down ₹69 L
- Status
- Trimmed
- Weight
- 0.50%
- Δ weight
- down 0.82 pts
- Value
- ₹14.7 Cr
- Δ value
- down ₹24.8 Cr
- Status
- Trimmed
- Weight
- 0.49%
- Δ weight
- up 0.49 pts
- Value
- ₹14.2 Cr
- Δ value
- up ₹14.2 Cr
- Status
- New
- Weight
- 0.48%
- Δ weight
- down 2.59 pts
- Value
- ₹14 Cr
- Δ value
- down ₹77.7 Cr
- Status
- Trimmed
- Weight
- 0.40%
- Δ weight
- up 0.40 pts
- Value
- ₹11.6 Cr
- Δ value
- up ₹11.6 Cr
- Status
- New
- Weight
- 0.20%
- Δ weight
- up 0.20 pts
- Value
- ₹5.9 Cr
- Δ value
- up ₹5.9 Cr
- Status
- New
- Weight
- 0.17%
- Δ weight
- up <0.01 pts
- Value
- ₹5.1 Cr
- Δ value
- up ₹4 L
- Status
- Added
- Weight
- 0.14%
- Δ weight
- up 0.14 pts
- Value
- ₹4.1 Cr
- Δ value
- up ₹4.1 Cr
- Status
- New
What changed, Apr 2026 to May 2026
New New positions (6)
- State Bank of India6.6% · ₹193 Cr
- Bajaj Holdings & Investment Limited1.0% · ₹30.5 Cr
- Avenue Supermarts Limited0.5% · ₹14.2 Cr
- ICICI Lombard General Insurance Company Limited0.4% · ₹11.6 Cr
- DLF Limited0.2% · ₹5.9 Cr
- Titan Company Limited0.1% · ₹4.1 Cr
Exited Exited (3)
- Maruti Suzuki India Limitedwas 2.4% · ₹71.4 Cr
- Marico Limitedwas 0.3% · ₹8.9 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 Apr 2026, the weight rose most in Banks (+9.8 pts) and IT - Software (+1.7 pts), and fell most in Automobiles (−4.9 pts) and Telecom - Services (−3.6 pts).
- Banks20.2% → 30.1%+9.8 pts
- IT - Software9.4% → 11.1%+1.7 pts
- Diversified FMCG4.8% → 6.1%+1.3 pts
- Finance4.7% → 5.9%+1.2 pts
- Construction2.3% → 3.3%+1.0 pts
- Healthcare Services2.7% → 3.5%+0.8 pts
- Automobiles9.3% → 4.4%−4.9 pts
- Telecom - Services4.9% → 1.3%−3.6 pts
- Pharmaceuticals & Biotechnology6.5% → 3.1%−3.5 pts
- Insurance6.6% → 4.5%−2.1 pts
- Industrial Products1.4% → 0.5%−0.9 pts
- Petroleum Products11.0% → 10.1%−0.9 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 | May 2025 | Nov 2025 | Feb 2026 | Apr 2026 | May 2026 |
|---|---|---|---|---|---|
| Banks | 19.2% | 23.2% | 20.7% | 20.2% | 30.1% |
| IT - Software | 14.3% | 15.3% | 9.1% | 9.4% | 11.1% |
| Petroleum Products | 7.8% | 5.3% | 6.2% | 11.0% | 10.1% |
| Cement & Cement Products | 3.9% | 2.8% | 8.5% | 6.6% | 7.1% |
| Diversified FMCG | 7.6% | 6.3% | 7.9% | 4.8% | 6.1% |
| Finance | — | 2.6% | 3.9% | 4.7% | 5.9% |
| Insurance | 4.6% | 8.4% | 6.7% | 6.6% | 4.5% |
| Automobiles | 12.0% | 10.1% | 9.0% | 9.3% | 4.4% |
| Healthcare Services | — | — | 1.2% | 2.7% | 3.5% |
| Construction | 3.7% | 2.2% | 1.8% | 2.3% | 3.3% |
Allocation in May 2026change vs Apr 2026
- Banks (5)30.1%▲ 9.8 pts
- IT - Software (3)11.1%▲ 1.7 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, May 2026
5.9%
▼ 2.5 pts vs Apr 2026
- Cash alone
- 5.9%
- cash and net receivables
- A year earlier
- 12.3%
- May 2025 · now ▼ 6.4 pts
- Last 12 months
- 2.6% – 11.9%
- 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.