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Value / Contra · ICICI Prudential Mutual Fund · AMFI code 102594ICICI Prudential Value Discovery Fund
Disclosed for 15 months, Jan 2025 to Mar 2026. This scheme is no longer reporting.
Portfolio value
₹55,852 Cr
down ₹4,720 Cr vs Feb 2026
- Stocks held
- 66
- up 1 vs Feb 2026
- Top 10 weight
- 53.8%
- of the portfolio in its ten largest
- Cash & debt
- 4.8%
- cash, money market and debt
- Moves this month
- 1 in · 0 out
- added to 10, trimmed 49
ICICI Prudential Value Discovery Fund is an active equity fund in the Value / Contra category from ICICI Prudential Mutual Fund. In March 2026 it disclosed 66 stocks worth ₹55,852 Cr, down ₹4,720 Cr from Feb 2026. Its largest positions were HDFC Bank Limited (8.9%), ICICI Bank Limited (8.6%), Reliance Industries Limited (6.4%); the ten largest together made up 53.8% of the portfolio, and Banks was the biggest sector at 25.5% of its equity. Cash and debt stood at 4.8%. Compared with Feb 2026 the fund entered 1 new stock and exited 0.
Against 27 other Value / Contra funds
Concentration
96%
Top-10 weight is higher than 96% of peers
Breadth
56%
Holds more stocks than 56% of peers
Cash
59%
Holds more cash than 59% of peers
What these mean: concentration · cash
Holdings in March 2026
Download CSVEvery line the fund disclosed, with the change against Feb 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 | 8.88% | up 0.83 pts | ₹4,958 Cr | up ₹85.1 Cr | Added |
| ICICI Bank Limited | 8.60% | down 0.12 pts | ₹4,801 Cr | down ₹478 Cr | Trimmed |
| Reliance Industries Limited | 6.41% | up 0.28 pts | ₹3,582 Cr | down ₹133 Cr | Trimmed |
| Infosys Limited | 6.41% | up 0.48 pts | ₹3,582 Cr | down ₹10.1 Cr | Held |
| ITC Limited | 5.17% | down 0.02 pts | ₹2,885 Cr | down ₹259 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 4.87% | up 0.43 pts | ₹2,718 Cr | up ₹31.2 Cr | Added |
| Tata Consultancy Services Limited | 4.03% | up 0.01 pts | ₹2,248 Cr | down ₹183 Cr | Trimmed |
| Hindustan Unilever Limited | 3.33% | up 0.30 pts | ₹1,859 Cr | up ₹24.5 Cr | Added |
| NTPC Limited | 3.32% | up 0.17 pts | ₹1,852 Cr | down ₹56.2 Cr | Trimmed |
| Cash, TREPS & receivables | 3.12% | down 1.37 pts | ₹1,743 Cr | down ₹980 Cr | Trimmed |
| Axis Bank Limited | 2.85% | down 0.28 pts | ₹1,590 Cr | down ₹305 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.61% | down 0.15 pts | ₹1,456 Cr | down ₹213 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 2.19% | up 0.12 pts | ₹1,221 Cr | down ₹30.6 Cr | Trimmed |
| State Bank of India | 2.10% | down 0.28 pts | ₹1,171 Cr | down ₹266 Cr | Trimmed |
| Maruti Suzuki India Limited | 1.93% | down 0.22 pts | ₹1,079 Cr | down ₹224 Cr | Trimmed |
| Larsen & Toubro Limited | 1.70% | down 0.21 pts | ₹951 Cr | down ₹210 Cr | Trimmed |
| Bharti Airtel Limited | 1.70% | up 0.05 pts | ₹949 Cr | down ₹51.6 Cr | Trimmed |
| Oil & Natural Gas Corporation Limited | 1.68% | up 0.47 pts | ₹939 Cr | up ₹206 Cr | Added |
| Tata Motors Limited | 1.56% | down 0.13 pts | ₹871 Cr | down ₹149 Cr | Trimmed |
| Bajaj Finserv Limited | 1.49% | up 0.14 pts | ₹834 Cr | up ₹12.9 Cr | Added |
| Kotak Mahindra Bank Limited | 1.46% | down 0.07 pts | ₹816 Cr | down ₹112 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 1.33% | down 0.05 pts | ₹741 Cr | down ₹94.6 Cr | Trimmed |
| Cipla Limited | 1.25% | up 0.01 pts | ₹700 Cr | down ₹51.1 Cr | Trimmed |
| Tata Motors Ltd | 1.23% | down 0.22 pts | ₹686 Cr | down ₹192 Cr | Trimmed |
| Life Insurance Corporation Of India | 1.19% | down 0.01 pts | ₹663 Cr | down ₹61.7 Cr | Trimmed |
| Asian Paints Limited | 1.19% | up 0.41 pts | ₹662 Cr | up ₹190 Cr | Added |
| LIC Housing Finance Limited | 1.04% | down <0.01 pts | ₹579 Cr | down ₹49.7 Cr | Trimmed |
| Wipro Limited | 1.00% | up 0.03 pts | ₹560 Cr | down ₹29.7 Cr | Trimmed |
| Tata Steel Limited | 0.96% | up 0.02 pts | ₹539 Cr | down ₹36.3 Cr | Trimmed |
| Biocon Limited | 0.92% | up 0.02 pts | ₹516 Cr | down ₹28.8 Cr | Trimmed |
| Hyundai Motor India Ltd | 0.90% | up 0.30 pts | ₹502 Cr | up ₹140 Cr | Added |
| ICICI Lombard General Insurance Company Limited | 0.86% | up 0.07 pts | ₹482 Cr | up ₹3.9 Cr | Added |
| Lupin Limited | 0.76% | up 0.04 pts | ₹425 Cr | down ₹11.4 Cr | Trimmed |
| Aurobindo Pharma Limited | 0.75% | up 0.10 pts | ₹421 Cr | up ₹27.1 Cr | Added |
| 91 Days Treasury Bill 17-Apr-2026 Debt | 0.71% | up 0.06 pts | ₹399 Cr | up ₹1.7 Cr | Held |
| LG Electronics India Ltd | 0.66% | down 0.16 pts | ₹367 Cr | down ₹128 Cr | Trimmed |
| Hero MotoCorp Limited | 0.58% | down 0.02 pts | ₹324 Cr | down ₹41.4 Cr | Trimmed |
| Akzo Nobel India Limited | 0.57% | up 0.03 pts | ₹317 Cr | down ₹7.5 Cr | Trimmed |
| Pidilite Industries Limited | 0.49% | up 0.16 pts | ₹274 Cr | up ₹74.6 Cr | Added |
| Adani Wilmar Limited | 0.43% | up 0.01 pts | ₹242 Cr | down ₹12.7 Cr | Trimmed |
| HCL Technologies Limited | 0.42% | up 0.02 pts | ₹233 Cr | down ₹8.2 Cr | Trimmed |
| UltraTech Cement Limited | 0.41% | down <0.01 pts | ₹231 Cr | down ₹22.5 Cr | Trimmed |
| Gujarat State Petronet Limited | 0.40% | down 0.09 pts | ₹222 Cr | down ₹72.6 Cr | Trimmed |
| Tata Chemicals Limited | 0.39% | down 0.05 pts | ₹216 Cr | down ₹49.7 Cr | Trimmed |
| HDB Financial Services Limited | 0.37% | up 0.03 pts | ₹205 Cr | up ₹3.8 Cr | Added |
| MphasiS Limited | 0.37% | down 0.01 pts | ₹205 Cr | down ₹24.3 Cr | Trimmed |
| Container Corporation of India Limited | 0.35% | up 0.06 pts | ₹196 Cr | up ₹19.3 Cr | Added |
| Power Grid Corporation of India Limited | 0.34% | up 0.02 pts | ₹190 Cr | down ₹1.6 Cr | Trimmed |
| National Housing Bank Debt | 0.34% | up 0.34 pts | ₹190 Cr | up ₹190 Cr | New |
| V-Guard Industries Limited | 0.34% | up 0.03 pts | ₹189 Cr | up ₹4.1 Cr | Added |
What changed, Feb 2026 to Mar 2026
New New positions (1)
- Coal India Limited0.1% · ₹45 Cr
Exited Exited (0)
None.
Added Biggest additions
- Oil & Natural Gas Corporation Limitedup ₹206 Cr (+0.47% pts)
- Asian Paints Limitedup ₹190 Cr (+0.41% pts)
- Hyundai Motor India Ltdup ₹140 Cr (+0.30% pts)
- HDFC Bank Limitedup ₹85.1 Cr (+0.83% pts)
- Pidilite Industries Limitedup ₹74.6 Cr (+0.16% pts)
- Sun Pharmaceutical Industries Limitedup ₹31.2 Cr (+0.43% pts)
- Aurobindo Pharma Limitedup ₹27.1 Cr (+0.10% pts)
- Entero Healthcare Solutions Ltdup ₹24.6 Cr (+0.06% pts)
- Hindustan Unilever Limitedup ₹24.5 Cr (+0.30% pts)
- Container Corporation of India Limitedup ₹19.3 Cr (+0.06% pts)
Trimmed Biggest reductions
- ICICI Bank Limiteddown ₹478 Cr (−0.12% pts)
- Bharat Petroleum Corporation Limiteddown ₹434 Cr (−0.69% pts)
- Axis Bank Limiteddown ₹305 Cr (−0.28% pts)
- State Bank of Indiadown ₹266 Cr (−0.28% pts)
- ITC Limiteddown ₹259 Cr (−0.02% pts)
- IndusInd Bank Limiteddown ₹230 Cr (−0.36% pts)
- Maruti Suzuki India Limiteddown ₹224 Cr (−0.22% pts)
- SBI Life Insurance Company Limiteddown ₹213 Cr (−0.15% pts)
- Larsen & Toubro Limiteddown ₹210 Cr (−0.21% pts)
- Tata Motors Ltddown ₹192 Cr (−0.22% 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 Feb 2026, the weight rose most in Pharmaceuticals & Biotechnology (+0.6 pts) and Oil (+0.5 pts), and fell most in Banks (−0.7 pts) and Petroleum Products (−0.5 pts).
- Pharmaceuticals & Biotechnology11.2% → 11.8%+0.6 pts
- Oil1.3% → 1.8%+0.5 pts
- IT - Software12.5% → 12.8%+0.4 pts
- Consumer Durables2.9% → 3.1%+0.2 pts
- Diversified FMCG8.8% → 8.9%+0.2 pts
- Power3.7% → 3.8%+0.1 pts
- Banks26.2% → 25.5%−0.7 pts
- Petroleum Products7.6% → 7.1%−0.5 pts
- Construction2.0% → 1.8%−0.3 pts
- Agricultural, Commercial & Construction Vehicles1.5% → 1.3%−0.3 pts
- Insurance6.9% → 6.6%−0.2 pts
- Automobiles5.4% → 5.2%−0.2 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 | Mar 2025 | Sep 2025 | Dec 2025 | Feb 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Banks | 26.3% | 24.5% | 25.0% | 26.2% | 25.5% |
| IT - Software | 6.7% | 13.6% | 13.0% | 12.5% | 12.8% |
| Pharmaceuticals & Biotechnology | 10.6% | 9.7% | 10.8% | 11.2% | 11.8% |
| Diversified FMCG | 5.9% | 5.3% | 8.6% | 8.8% | 8.9% |
| Petroleum Products | 7.6% | 9.0% | 8.3% | 7.6% | 7.1% |
| Insurance | 7.4% | 7.3% | 8.1% | 6.9% | 6.6% |
| Automobiles | 8.1% | 6.1% | 4.5% | 5.4% | 5.2% |
| Power | 2.4% | 3.2% | 4.0% | 3.7% | 3.8% |
| Consumer Durables | 1.6% | 2.0% | 2.4% | 2.9% | 3.1% |
| Finance | 1.2% | 2.3% | 2.2% | 2.9% | 3.0% |
Allocation in Mar 2026change vs Feb 2026
- Banks (7)25.5%▼ 0.7 pts
- IT - Software (5)12.8%▲ 0.4 pts
- Pharmaceuticals & Biotechnology (8)11.8%▲ 0.6 pts
- Diversified FMCG (2)8.9%▲ 0.2 pts
- Petroleum Products (2)7.1%▼ 0.5 pts
- Insurance (6)6.6%▼ 0.2 pts
- Automobiles (4)5.2%▼ 0.2 pts
- Power (2)3.8%▲ 0.1 pts
- Consumer Durables (6)3.1%▲ 0.2 pts
- Finance (3)3.0%▲ 0.1 pts
- Construction (1)1.8%▼ 0.3 pts
- Telecom - Services (1)1.8%
- Oil (1)1.8%▲ 0.5 pts
- Agricultural, Commercial & Construction Vehicles (1)1.3%▼ 0.3 pts
- Chemicals & Petrochemicals (3)1.1%▲ 0.1 pts
- Ferrous Metals (1)1.0%
- Gas (3)0.8%▼ 0.1 pts
- Transport Services (2)0.5%
- Agricultural Food & Other Products (1)0.5%
- Cement & Cement Products (1)0.4%
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, Mar 2026
4.8%
▼ 1.5 pts vs Feb 2026
- Cash alone
- 3.1%
- cash and net receivables
- A year earlier
- 9.2%
- Mar 2025 · now ▼ 4.4 pts
- Last 12 months
- 4.1% – 11.2%
- lowest to highest · record 11.2% 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 15 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Mar 2026 | ₹55,852 Cr | 66 | 1 | 0 | 3.1% | 4.8% | — |
| Feb 2026 | ₹60,571 Cr | 65 | 1 | 3 | 4.5% | 6.3% | — |
| Jan 2026 | ₹60,353 Cr | 67 | 3 | 0 | 2.4% | 4.1% | — |
| Dec 2025 | ₹61,272 Cr | 64 | 5 | 5 | 4.2% | 5.8% | — |
| Nov 2025 | ₹60,391 Cr | 64 | 6 | 2 | 2.4% | 6.1% | — |
| Oct 2025 | ₹57,935 Cr | 60 | 4 | 6 | 5.0% | 6.8% | — |
| Sep 2025 | ₹55,445 Cr | 62 | 1 | 2 | 4.7% | 7.2% | — |
| Aug 2025 | ₹53,750 Cr | 63 | 3 | 3 | 5.9% | 7.2% | — |
| Jul 2025 | ₹53,716 Cr | 63 | 2 | 3 | 5.3% | 8.4% | — |
| Jun 2025 | ₹54,096 Cr | 64 | 1 | 4 | 7.0% | 8.6% | — |
| May 2025 | ₹52,598 Cr | 67 | 2 | 4 | 3.7% | 7.2% | — |
| Apr 2025 | ₹51,112 Cr | 69 | 2 | 1 | 8.5% | 11.2% | — |
| Mar 2025 | ₹49,131 Cr | 68 | 4 | 3 | 8.2% | 9.2% | — |
| Feb 2025 | ₹46,114 Cr | 67 | 2 | 3 | 5.9% | 7.3% | — |
| Jan 2025 | ₹48,400 Cr | 68 | 2.9% | 6.9% | — |