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InvestVerdict

ICICI Prudential Equity Minimum Variance Fund

Regular Plan · Growth · Sectoral / Thematic · Scheme code 153069

NAV₹10.0500as on 30 Oct 2026
Fund houseICICI Prudential Mutual Fund
CategorySectoral / Thematic
Plan & optionRegular · Growth
History1.7 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.092.03-2.31 1.05—— ——3.16
Nifty 500
benchmark		 0.874.312.15 5.2012.4911.41 ——15.49
Sectoral / Thematic
category median		 ——— -6.5811.548.85 —12.68—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 14.4% -0.23 -0.31 0.81 0.00% -14.2% 90.34
Nifty 500
benchmark		 15.2%0.39 0.58—— -37.3%—

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the 20 months this scheme and its benchmark share.

Growth of ₹100 since launch

91981061132026InvestVerdict

Drawdown from peak (%)

0%-5%-11%-16%2026

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
179 -3.2% 2.7% 15.9% 25%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

How it behaves against its benchmark

Up captureDown captureCorrelation Tracking errorInformation ratioTreynor
77% 71% 0.95 5.5% 0.08 -2.44

Up capture is how much of the benchmark's gain this scheme kept in the months the benchmark rose; down capture, how much of its fall it took. Below 100 on the down side and above it on the up side is the combination every fund is trying for and few reach. Measured over the 20 months this scheme and Nifty 500 share.

InvestVerdict

ICICI Prudential Equity Minimum Variance Fund

Regular Plan · Growth

Allocation

By asset

Equity88.97%
Debt6.49%
Cash & Equivalents4.54%

By market cap

Large Cap88.97%
Unclassified6.49%

Concentration

Number of stocks35
Top 5 stocks38.49%
Top 10 stocks59.58%
Top 20 stocks81.76%
Lines in the filing38
Largest holding9.70%
Largest sectorBanks 31.48%
Effective stocks21.4
Sectors held19
Cash4.54%

Effective stocks is what the concentration works out to: a fund holding 35 names but most of its money in a few behaves like a fund of 21. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 31.5%Petroleum Products — 9.7%Diversified Fmcg — 9.4%SOV — 6.5%Power — 6.0%Cash & Equivalents — 4.5%Insurance — 4.2%Consumer Durables — 4.1%Finance — 3.6%Other — 20.5%Banks31.5%Petroleum Products9.7%Diversified Fmcg9.4%SOV6.5%Power6.0%Cash & Equivalents4.5%Insurance4.2%Consumer Durables4.1%Finance3.6%Other20.5%
Banks31.48%
Petroleum Products9.69%
Diversified Fmcg9.43%
SOV6.49%
Power6.03%
Cash & Equivalents4.54%
Insurance4.16%
Consumer Durables4.12%
Finance3.57%
Healthcare Services2.50%
Agricultural Food & Other Products2.31%
Construction2.30%
Cement & Cement Products2.28%
It - Software2.28%
Automobiles2.02%
Personal Products1.91%
Food Products1.86%
Consumable Fuels1.26%
Retailing1.07%
Telecom - Services0.72%
InvestVerdict

ICICI Prudential Equity Minimum Variance Fund

Regular Plan · Growth · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Kotak Mahindra Bank Ltd. Banks 5,700,000 238 9.70%
2 Reliance Industries Ltd. Petroleum Products 2,000,000 237 9.69%
3 HDFC Bank Ltd. Banks 2,500,000 177 7.23%
4 Axis Bank Ltd. Banks 1,400,000 172 7.00%
5 NTPC Ltd. Power 3,700,000 119 4.87%
6 ITC Ltd. Diversified Fmcg 4,500,000 118 4.82%
7 Hindustan Unilever Ltd. Diversified Fmcg 600,000 113 4.60%
8 TREPS Unclassified — 110 4.49%
9 State Bank Of India Banks 1,100,000 106 4.31%
10 Asian Paints Ltd. Consumer Durables 420,000 101 4.12%
11 ICICI Bank Ltd. Banks 600,000 79 3.24%
12 91 Days Treasury Bills SOV 7,000,000 70 2.86%
13 HDFC Life Insurance Company Ltd. Insurance 1,200,000 63 2.55%
14 Apollo Hospitals Enterprise Ltd. Healthcare Services 75,000 61 2.50%
15 Bajaj Finserv Ltd. Finance 350,000 61 2.47%
16 Tata Consumer Products Ltd. Agricultural Food & Other Products 596,170 57 2.31%
17 Larsen & Toubro Ltd. Construction 150,000 56 2.30%
18 Godrej Consumer Products Ltd. Personal Products 550,000 47 1.91%
19 91 Days Treasury Bills SOV 4,700,000 46 1.90%
20 Bajaj Auto Ltd. Automobiles 40,000 44 1.77%
21 Life Insurance Corporation of India Insurance 1,000,000 40 1.61%
22 Tata Consultancy Services Ltd. It - Software 175,000 36 1.46%
23 Coal India Ltd. Consumable Fuels 725,341 31 1.26%
24 Grasim Industries Ltd. Cement & Cement Products 92,971 28 1.16%
25 Power Grid Corporation Of India Ltd. Power 1,088,535 28 1.16%
26 Ultratech Cement Ltd. Cement & Cement Products 25,000 27 1.12%
27 Bajaj Holdings & Investment Ltd. Finance 25,000 27 1.10%
28 Trent Ltd. Retailing 100,000 26 1.07%
29 Nestle India Ltd. Food Products 200,000 26 1.07%
30 364 Days Treasury Bills SOV 2,000,000 20 0.81%
InvestVerdict

ICICI Prudential Equity Minimum Variance Fund

Regular Plan · Growth · where the money sits

What the manager did last month

Between the filings of 31 Mar 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹724 cr ₹967 cr 10 16 +7.04%
StockShares tradedShares PriceValue
₹ cr
New position
Sun Pharmaceutical Industries Ltd. 450,000 entered — 89.6
JSW Steel Ltd. 575,916 entered — 73.1
Mahindra & Mahindra Ltd. 201,987 entered — 68.7
Godrej Consumer Products Ltd. 515,633 entered — 55.2
Eicher Motors Ltd. 53,057 entered — 41.6
Tata Consumer Products Ltd. 315,000 entered — 34.1
Bajaj Holdings & Investment Ltd. 29,443 entered — 33.4
Coal India Ltd. 775,341 entered — 32.1
Added to
Reliance Industries Ltd. 1,400,000 +186.7% -2.7% 183
State Bank Of India 1,400,000 +350.0% +4.9% 144
Kotak Mahindra Bank Ltd. 3,606,586 +253.2% +10.4% 141
Asian Paints Ltd. 325,798 +1,295.4% +26.9% 89.5
Axis Bank Ltd. 656,810 +55.1% +5.9% 80.8
Larsen & Toubro Ltd. 200,000 +100.0% +12.4% 78.8
ITC Ltd. 261,924 +6.9% -2.3% 7.4
Trimmed
ICICI Bank Ltd. 1,305,000 -65.3% +19.0% 187
Bajaj Auto Ltd. 140,411 -76.9% +31.2% 162
Maruti Suzuki India Ltd. 70,740 -93.5% +15.7% 101
HDFC Life Insurance Company Ltd. 1,493,921 -68.9% -7.1% 81.9
Tata Consultancy Services Ltd. 331,113 -82.8% +0.3% 78.3
Grasim Industries Ltd. 234,218 -58.6% +21.2% 72.6
HDFC Bank Ltd. 930,000 -27.1% +2.3% 69.6
Bajaj Finserv Ltd. 333,605 -45.5% +24.4% 67.7
Sold out of
Bharti Airtel Ltd. 650,000 exited — 116
Cipla Ltd. 720,000 exited — 88.1
Wipro Ltd. 3,700,000 exited — 69.4
Life Insurance Corporation of India 703,800 exited — 51.1
Trent Ltd. 147,306 exited — 48.6
Interglobe Aviation Ltd. 113,755 exited — 44.9
Titan Company Ltd. 78,120 exited — 30.9
Tech Mahindra Ltd. 222,430 exited — 30.8
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹0 cr ₹69 cr +₹69 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 31 Oct 2026.