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Sectoral / Thematic · ICICI Prudential Mutual Fund · AMFI code 145896ICICI Prudential India Opportunities Fund
Disclosed for 21 months, Jan 2025 to Sep 2026.
Portfolio value
₹36,469 Cr
down ₹1,869 Cr vs Aug 2026
- Stocks held
- 68
- down 5 vs Aug 2026
- Top 10 weight
- 43.2%
- of the portfolio in its ten largest
- Cash & debt
- 4.1%
- cash, money market and debt
- Moves this month
- 1 in · 6 out
- added to 10, trimmed 48
ICICI Prudential India Opportunities Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In September 2026 it disclosed 68 stocks worth ₹36,469 Cr, down ₹1,869 Cr from Aug 2026. Its largest positions were HDFC Bank Limited (9.0%), ICICI Bank Limited (5.6%), Axis Bank Limited (5.1%); the ten largest together made up 43.2% of the portfolio, and Banks was the biggest sector at 23.1% of its equity. Cash and debt stood at 4.1%. Compared with Aug 2026 the fund entered 1 new stock and exited 6.
Against 226 other Sectoral / Thematic funds
Concentration
43%
Top-10 weight is higher than 43% of peers
Breadth
88%
Holds more stocks than 88% of peers
Cash
62%
Holds more cash than 62% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 9.00% | up 0.44 pts | ₹3,281 Cr | down ₹1.4 Cr | Held |
| ICICI Bank Limited | 5.61% | down 0.26 pts | ₹2,046 Cr | down ₹205 Cr | Trimmed |
| Axis Bank Limited | 5.12% | down 0.04 pts | ₹1,867 Cr | down ₹113 Cr | Trimmed |
| Infosys Limited | 4.51% | down 0.38 pts | ₹1,645 Cr | down ₹231 Cr | Trimmed |
| Life Insurance Corporation Of India | 4.22% | down 0.03 pts | ₹1,539 Cr | down ₹88.8 Cr | Trimmed |
| Reliance Industries Limited | 3.45% | down 0.08 pts | ₹1,259 Cr | down ₹95.5 Cr | Trimmed |
| Cash, TREPS & receivables | 3.17% | up 0.34 pts | ₹1,155 Cr | up ₹70.7 Cr | Added |
| SBI Life Insurance Company Limited | 3.02% | up 0.23 pts | ₹1,100 Cr | up ₹32.2 Cr | Added |
| Bharti Airtel Limited | 2.98% | up 0.10 pts | ₹1,088 Cr | down ₹15.9 Cr | Trimmed |
| Info Edge (India) Limited | 2.69% | up 0.21 pts | ₹979 Cr | up ₹29.7 Cr | Added |
| Dr. Reddy's Laboratories Limited | 2.65% | up 0.29 pts | ₹967 Cr | up ₹61.7 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 2.60% | up 0.16 pts | ₹950 Cr | up ₹14.5 Cr | Added |
| Larsen & Toubro Limited | 2.55% | down 0.40 pts | ₹931 Cr | down ₹200 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 2.47% | up 0.02 pts | ₹901 Cr | down ₹38.3 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.35% | down 0.14 pts | ₹857 Cr | down ₹96.4 Cr | Trimmed |
| Tata Motors Ltd | 2.30% | down 0.29 pts | ₹840 Cr | down ₹153 Cr | Trimmed |
| InterGlobe Aviation Limited | 2.07% | up 0.31 pts | ₹757 Cr | up ₹79.8 Cr | Added |
| Britannia Industries Limited | 2.03% | down 0.02 pts | ₹739 Cr | down ₹43.7 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 1.87% | down 0.15 pts | ₹682 Cr | down ₹93.5 Cr | Trimmed |
| Hindustan Unilever Limited | 1.85% | up 0.01 pts | ₹673 Cr | down ₹31.6 Cr | Trimmed |
| NTPC Limited | 1.83% | up 0.11 pts | ₹666 Cr | up ₹6.8 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.69% | down 0.19 pts | ₹617 Cr | down ₹103 Cr | Trimmed |
| PI Industries Limited | 1.27% | up 0.03 pts | ₹465 Cr | down ₹12.1 Cr | Trimmed |
| UPL Limited | 1.24% | up 0.01 pts | ₹451 Cr | down ₹18.8 Cr | Trimmed |
| SBI Cards and Payment Services Limited | 1.21% | down 0.07 pts | ₹441 Cr | down ₹48.9 Cr | Trimmed |
| Tata Motors Limited | 1.21% | down 0.04 pts | ₹440 Cr | down ₹39.4 Cr | Trimmed |
| Tata Communications Limited | 1.03% | up 0.01 pts | ₹374 Cr | down ₹15.2 Cr | Trimmed |
| Gland Pharma Limited | 1.00% | down 0.01 pts | ₹366 Cr | down ₹20.9 Cr | Trimmed |
| Trent Limited | 1.00% | up 0.14 pts | ₹363 Cr | up ₹36.2 Cr | Added |
| KPIT Technologies Limited | 0.99% | down 0.11 pts | ₹362 Cr | down ₹62.2 Cr | Trimmed |
| UltraTech Cement Limited | 0.99% | up 0.24 pts | ₹361 Cr | up ₹73.9 Cr | Added |
| Vedanta Aluminium Metal Limited | 0.98% | down <0.01 pts | ₹357 Cr | down ₹19.2 Cr | Trimmed |
| TBO Tek Limited | 0.97% | up 0.01 pts | ₹352 Cr | down ₹12.5 Cr | Trimmed |
| Avenue Supermarts Limited | 0.96% | up 0.03 pts | ₹350 Cr | down ₹4.7 Cr | Trimmed |
| Swiggy Limited | 0.95% | up 0.15 pts | ₹348 Cr | up ₹39.5 Cr | Added |
| Affle (India) Limited | 0.95% | up 0.06 pts | ₹345 Cr | up ₹5.8 Cr | Added |
| Tata Consultancy Services Limited | 0.90% | down 0.10 pts | ₹327 Cr | down ₹55.6 Cr | Trimmed |
| Kalpataru Projects International Limited | 0.78% | up 0.03 pts | ₹286 Cr | down ₹4.2 Cr | Trimmed |
| Sona BLW Precision Forgings Limited | 0.77% | up 0.05 pts | ₹280 Cr | up ₹5.7 Cr | Added |
| ICICI Prudential Life Insurance Company Limited | 0.73% | down 0.08 pts | ₹267 Cr | down ₹44 Cr | Trimmed |
| Cipla Limited | 0.63% | up <0.01 pts | ₹229 Cr | down ₹10.7 Cr | Trimmed |
| Hindustan Aeronautics Limited | 0.59% | down 0.15 pts | ₹213 Cr | down ₹69.4 Cr | Trimmed |
| Aditya Birla Lifestyle Brands Limited | 0.56% | down 0.04 pts | ₹205 Cr | down ₹27.3 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 0.55% | down 0.22 pts | ₹202 Cr | down ₹93.8 Cr | Trimmed |
| Indian Energy Exchange Limited | 0.54% | down 0.04 pts | ₹196 Cr | down ₹24.7 Cr | Trimmed |
| Shree Cement Limited | 0.54% | up 0.01 pts | ₹196 Cr | down ₹7.5 Cr | Trimmed |
| Jindal Steel & Power Limited | 0.54% | up 0.04 pts | ₹195 Cr | up ₹3.9 Cr | Added |
| Apollo Tyres Limited | 0.52% | up 0.03 pts | ₹189 Cr | up ₹46 L | Held |
| Aarti Industries Limited | 0.51% | down 0.04 pts | ₹188 Cr | down ₹24.9 Cr | Trimmed |
| Indian Oil Corporation Limited | 0.51% | up 0.11 pts | ₹188 Cr | up ₹32.8 Cr | Added |
What changed, Aug 2026 to Sep 2026
New New positions (1)
- Delhivery Limited0.5% · ₹186 Cr
Exited Exited (6)
- Titan Company Limitedwas 0.3% · ₹130 Cr
- Maruti Suzuki India Limitedwas 0.2% · ₹80 Cr
- PVR Limitedwas 0.1% · ₹55.8 Cr
- AIA Engineering Limitedwas 0.1% · ₹40.8 Cr
- Gujarat Gas Limitedwas <0.1% · ₹5.6 Cr
- MedPlus Health Services Limitedwas <0.1% · ₹1.3 Cr
Added Biggest additions
- InterGlobe Aviation Limitedup ₹79.8 Cr (+0.31% pts)
- UltraTech Cement Limitedup ₹73.9 Cr (+0.24% pts)
- Dr. Reddy's Laboratories Limitedup ₹61.7 Cr (+0.29% pts)
- Brainbees Solutions Ltd.up ₹49.1 Cr (+0.15% pts)
- Swiggy Limitedup ₹39.5 Cr (+0.15% pts)
- Trent Limitedup ₹36.2 Cr (+0.14% pts)
- Indian Oil Corporation Limitedup ₹32.8 Cr (+0.11% pts)
- SBI Life Insurance Company Limitedup ₹32.2 Cr (+0.23% pts)
- Info Edge (India) Limitedup ₹29.7 Cr (+0.21% pts)
- ICICI Lombard General Insurance Company Limitedup ₹14.5 Cr (+0.16% pts)
Trimmed Biggest reductions
- Infosys Limiteddown ₹231 Cr (−0.38% pts)
- ICICI Bank Limiteddown ₹205 Cr (−0.26% pts)
- Larsen & Toubro Limiteddown ₹200 Cr (−0.40% pts)
- Tata Motors Ltddown ₹153 Cr (−0.29% pts)
- Axis Bank Limiteddown ₹113 Cr (−0.04% pts)
- Sun Pharmaceutical Industries Limiteddown ₹103 Cr (−0.19% pts)
- Mahindra & Mahindra Limiteddown ₹96.4 Cr (−0.14% pts)
- Reliance Industries Limiteddown ₹95.5 Cr (−0.08% pts)
- Oil & Natural Gas Corporation Limiteddown ₹93.8 Cr (−0.22% pts)
- Kotak Mahindra Bank Limiteddown ₹93.5 Cr (−0.15% 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 2026, the weight rose most in Transport Services (+0.9 pts) and Retailing (+0.7 pts), and fell most in IT - Software (−0.6 pts) and Automobiles (−0.4 pts).
- Transport Services1.8% → 2.7%+0.9 pts
- Retailing6.6% → 7.3%+0.7 pts
- Insurance13.2% → 13.6%+0.4 pts
- Cement & Cement Products1.3% → 1.6%+0.3 pts
- Pharmaceuticals & Biotechnology6.3% → 6.5%+0.1 pts
- Telecom - Services4.0% → 4.2%+0.1 pts
- IT - Software7.6% → 7.0%−0.6 pts
- Automobiles4.1% → 3.7%−0.4 pts
- Construction4.1% → 3.7%−0.4 pts
- Consumer Durables0.4% → 0.1%−0.4 pts
- Agricultural, Commercial & Construction Vehicles2.7% → 2.4%−0.3 pts
- Oil1.3% → 1.1%−0.3 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 | Sep 2025 | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|---|
| Banks | 20.7% | 18.6% | 23.7% | 23.3% | 23.1% |
| Insurance | 9.0% | 9.6% | 9.3% | 13.2% | 13.6% |
| Retailing | 3.6% | 5.5% | 5.5% | 6.6% | 7.3% |
| IT - Software | 8.6% | 10.2% | 9.8% | 7.6% | 7.0% |
| Pharmaceuticals & Biotechnology | 10.6% | 8.8% | 7.7% | 6.3% | 6.5% |
| Petroleum Products | 6.0% | 4.5% | 3.9% | 4.6% | 4.7% |
| Telecom - Services | 4.4% | 4.9% | 4.5% | 4.0% | 4.2% |
| Construction | 5.8% | 4.6% | 4.5% | 4.1% | 3.7% |
| Automobiles | 5.1% | 5.2% | 4.4% | 4.1% | 3.7% |
| Fertilizers & Agrochemicals | 2.2% | 2.3% | 2.9% | 2.8% | 2.9% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)23.1%▼ 0.1 pts
- Insurance (5)13.6%▲ 0.4 pts
- Retailing (7)7.3%▲ 0.7 pts
- IT - Software (4)7.0%▼ 0.6 pts
- Pharmaceuticals & Biotechnology (5)6.5%▲ 0.1 pts
- Petroleum Products (3)4.7%▲ 0.1 pts
- Telecom - Services (2)4.2%▲ 0.1 pts
- Construction (3)3.7%▼ 0.4 pts
- Automobiles (2)3.7%▼ 0.4 pts
- Fertilizers & Agrochemicals (3)2.9%▲ 0.1 pts
- Transport Services (2)2.7%▲ 0.9 pts
- Agricultural, Commercial & Construction Vehicles (1)2.4%▼ 0.3 pts
- Food Products (1)2.1%
- Diversified FMCG (1)1.9%
- Power (1)1.9%▲ 0.1 pts
- Finance (3)1.9%▼ 0.1 pts
- Cement & Cement Products (2)1.6%▲ 0.3 pts
- Auto Components (3)1.6%▲ 0.1 pts
- Chemicals & Petrochemicals (3)1.1%
- Oil (2)1.1%▼ 0.3 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, Sep 2026
4.1%
▲ 0.6 pts vs Aug 2026
- Cash alone
- 3.2%
- cash and net receivables
- A year earlier
- 5.6%
- Sep 2025 · now ▼ 1.5 pts
- Last 12 months
- 3.5% – 7.5%
- lowest to highest · record 10.8% 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.
All 21 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹36,469 Cr | 68 | 1 | 6 | 3.2% | 4.1% | 69% |
| Aug 2026 | ₹38,338 Cr | 73 | 4 | 5 | 2.8% | 3.5% | 70% |
| Jul 2026 | ₹38,299 Cr | 74 | 2 | 6 | 6.5% | 7.3% | 70% |
| Jun 2026 | ₹37,257 Cr | 78 | 3 | 5 | 4.6% | 5.2% | 68% |
| May 2026 | ₹36,478 Cr | 80 | 5 | 6 | 4.2% | 4.9% | 73% |
| Apr 2026 | ₹36,083 Cr | 81 | 5 | 3 | 6.3% | 7.1% | 73% |
| Mar 2026 | ₹32,925 Cr | 79 | 1 | 4 | 5.0% | 6.0% | — |
| Feb 2026 | ₹35,666 Cr | 82 | 4 | 1 | 6.6% | 7.5% | — |
| Jan 2026 | ₹35,143 Cr | 79 | 2 | 0 | 6.3% | 7.0% | — |
| Dec 2025 | ₹34,779 Cr | 77 | 8 | 4 | 5.4% | 6.1% | — |
| Nov 2025 | ₹33,946 Cr | 73 | 6 | 3 | 5.5% | 6.2% | — |
| Oct 2025 | ₹32,669 Cr | 70 | 2 | 4 | 4.1% | 4.9% | — |
| Sep 2025 | ₹30,802 Cr | 72 | 4 | 4 | 4.6% | 5.6% | — |
| Aug 2025 | ₹29,871 Cr | 72 | 3 | 3 | 5.0% | 6.2% | — |
| Jul 2025 | ₹29,718 Cr | 72 | 6 | 4 | 4.4% | 6.3% | — |
| Jun 2025 | ₹29,463 Cr | 70 | 3 | 2 | 7.7% | 9.5% | — |
| May 2025 | ₹28,204 Cr | 69 | 5 | 4 | 7.5% | 8.4% | — |
| Apr 2025 | ₹27,197 Cr | 68 | 0 | 2 | 9.6% | 10.8% | — |
| Mar 2025 | ₹25,696 Cr | 70 | 4 | 2 | 6.9% | 8.5% | — |
| Feb 2025 | ₹23,860 Cr | 68 | 4 | 5 | 3.8% | 6.1% | — |
| Jan 2025 | ₹24,747 Cr | 69 | 5.3% | 7.5% | — |