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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
₹2,882 Cr
down ₹43.5 Cr vs May 2026
- Stocks held
- 32
- down 4 vs May 2026
- Top 10 weight
- 55.2%
- of the portfolio in its ten largest
- Cash & debt
- 10.4%
- cash, money market and debt
- Moves this month
ICICI Prudential Equity Minimum Variance Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In June 2026 it disclosed 32 stocks worth ₹2,882 Cr, down ₹43.5 Cr from May 2026. Its largest positions were Reliance Industries Limited (9.7%), HDFC Bank Limited (6.9%), Sun Pharmaceutical Industries Limited (6.2%); the ten largest together made up 55.2% of the portfolio, and Banks was the biggest sector at 28.8% of its equity. Cash and debt stood at 10.4%. Compared with May 2026 the fund entered 6 new stocks and exited 10.
Against 229 other Sectoral / Thematic funds
Concentration
72%
Top-10 weight is higher than 72% of peers
Breadth
18%
Holds more stocks than 18% of peers
Cash
95%
Holds more cash than 95% of peers
What these mean: concentration · cash
Holdings in June 2026
Download CSVEvery line the fund disclosed, with the change against May 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 10.36% | up 4.44 pts | ₹298 Cr | up ₹125 Cr | Added |
| Reliance Industries Limited | 9.65% | up 0.12 pts | ₹278 Cr | down ₹58 L | Held |
| HDFC Bank Limited | 6.92% | down 0.08 pts | ₹199 Cr | down ₹5.3 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 6.20% | up 6.20 pts | ₹179 Cr | up ₹179 Cr | New |
| Kotak Mahindra Bank Limited | 5.85% | up 0.53 pts | ₹169 Cr | up ₹13.1 Cr | Added |
| Axis Bank Limited | 5.28% | up 0.61 pts | ₹152 Cr | up ₹15.5 Cr | Added |
| ITC Limited | 4.58% | up 1.05 pts | ₹132 Cr | up ₹28.7 Cr | Added |
| State Bank of India | 4.45% | down 2.14 pts | ₹128 Cr | down ₹64.5 Cr | Trimmed |
| Bharti Airtel Limited | 4.33% | up 3.08 pts | ₹125 Cr | up ₹88.2 Cr | Added |
| Bajaj Auto Limited | 4.05% | up 0.47 pts | ₹117 Cr | up ₹12 Cr | Added |
| Bajaj Finserv Limited | 3.86% | down 0.61 pts | ₹111 Cr | down ₹19.6 Cr | Trimmed |
| Grasim Industries Limited | 3.55% | down 0.80 pts | ₹102 Cr | down ₹24.8 Cr | Trimmed |
| ICICI Bank Limited | 3.32% | down 1.41 pts | ₹95.6 Cr | down ₹42.6 Cr | Trimmed |
| Hindustan Unilever Limited | 3.13% | up 0.92 pts | ₹90.1 Cr | up ₹25.4 Cr | Added |
| Tata Consultancy Services Limited | 2.60% | down 0.08 pts | ₹74.8 Cr | down ₹3.4 Cr | Trimmed |
| NTPC Limited | 2.52% | up 0.54 pts | ₹72.7 Cr | up ₹14.7 Cr | Added |
| Britannia Industries Limited | 2.50% | up 0.01 pts | ₹72.1 Cr | down ₹81 L | Trimmed |
| Infosys Limited | 2.08% | down 3.47 pts | ₹60 Cr | down ₹103 Cr | Trimmed |
| HCL Technologies Limited | 2.00% | down 0.18 pts | ₹57.7 Cr | down ₹6 Cr | Trimmed |
| UltraTech Cement Limited | 1.83% | down 0.52 pts | ₹52.9 Cr | down ₹16 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 1.41% | down 0.37 pts | ₹40.7 Cr | down ₹11.4 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.35% | down 0.80 pts | ₹38.9 Cr | down ₹24 Cr | Trimmed |
| Mahindra & Mahindra Limited | 1.33% | up 1.33 pts | ₹38.4 Cr | up ₹38.4 Cr | New |
| Larsen & Toubro Limited | 1.29% | down 1.84 pts | ₹37.3 Cr | down ₹54.4 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.22% | up 0.54 pts | ₹35.2 Cr | up ₹15.3 Cr | Added |
| Tata Consumer Products Limited | 1.18% | up 1.18 pts | ₹33.9 Cr | up ₹33.9 Cr | New |
| Bajaj Holdings & Investment Limited | 1.08% | up 0.04 pts | ₹31.2 Cr | up ₹71 L | Added |
| Power Grid Corporation of India Limited | 0.79% | up <0.01 pts | ₹22.9 Cr | down ₹34 L | Trimmed |
| Cipla Limited | 0.51% | up 0.03 pts | ₹14.7 Cr | up ₹64 L | Added |
| Godrej Consumer Products Limited | 0.35% | up 0.35 pts | ₹10.1 Cr | up ₹10.1 Cr | New |
| Tech Mahindra Limited | 0.25% | up 0.25 pts | ₹7.3 Cr | up ₹7.3 Cr | New |
| Titan Company Limited | 0.13% | down 0.01 pts | ₹3.6 Cr | down ₹45 L | Trimmed |
| Nestle India Limited | 0.02% | up 0.02 pts | ₹58 L | up ₹58 L | New |
What changed, May 2026 to Jun 2026
New New positions (6)
- Sun Pharmaceutical Industries Limited6.2% · ₹179 Cr
- Mahindra & Mahindra Limited1.3% · ₹38.4 Cr
- Tata Consumer Products Limited1.2% · ₹33.9 Cr
- Godrej Consumer Products Limited0.4% · ₹10.1 Cr
- Tech Mahindra Limited0.3% · ₹7.3 Cr
- Nestle India Limited<0.1% · ₹58 L
Exited Exited (10)
- Apollo Hospitals Enterprise Limitedwas 3.3% · ₹95.2 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 May 2026, the weight rose most in Pharmaceuticals & Biotechnology (+6.0 pts) and Telecom - Services (+3.5 pts), and fell most in Healthcare Services (−3.5 pts) and IT - Software (−3.3 pts).
- Pharmaceuticals & Biotechnology3.1% → 9.1%+6.0 pts
- Telecom - Services1.3% → 4.8%+3.5 pts
- Diversified FMCG6.1% → 8.6%+2.5 pts
- Automobiles4.4% → 6.0%+1.6 pts
- Agricultural Food & Other Products0.0% → 1.3%new+1.3 pts
- Power3.0% → 3.7%+0.7 pts
- Healthcare Services3.5% → 0.0%exited−3.5 pts
- IT - Software11.1% → 7.7%−3.3 pts
- Insurance4.5% → 1.5%−3.0 pts
- Construction3.3% → 1.4%−1.9 pts
- Transport Services1.6% → 0.0%exited−1.6 pts
- Banks30.1% → 28.8%−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 | Jun 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Banks | 19.1% | 21.5% | 25.4% | 30.1% | 28.8% |
| Petroleum Products | 6.1% | 5.3% | 3.6% | 10.1% | 10.8% |
| Pharmaceuticals & Biotechnology | 7.4% | 8.4% | 3.1% | 3.1% | 9.1% |
| Diversified FMCG | 7.9% | 7.0% | 8.3% | 6.1% | 8.6% |
| IT - Software | 14.9% | 10.0% | 11.1% | 11.1% | 7.7% |
| Cement & Cement Products | 3.3% | 6.2% | 8.2% | 7.1% | 6.0% |
| Automobiles | 10.6% | 10.2% | 9.0% | 4.4% | 6.0% |
| Finance | 4.5% | 2.5% | 4.2% | 5.9% | 5.5% |
| Telecom - Services | 3.5% | 5.1% | 4.1% | 1.3% | 4.8% |
| Power | 5.7% | 4.4% | 3.6% | 3.0% | 3.7% |
Allocation in Jun 2026change vs May 2026
- Banks (5)28.8%▼ 1.3 pts
- Petroleum Products (1)10.8%▲ 0.6 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. More on reading cash.
Cash & debt, Jun 2026
10.4%
▲ 4.4 pts vs May 2026
- Cash alone
- 10.4%
- cash and net receivables
- A year earlier
- 10.7%
- Jun 2025 · now ▼ 0.4 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.