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ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth

Equity Data as of Aug 2026 Comparing Jul 2026 → Aug 2026
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Stocks Held
28
Aug 2026
Equity Holdings
₹2,361.98 Cr
Equity only, excl. debt & cash
AAUM
₹2,951.53 Cr
Apr-Jun 2026 · Direct + Regular
Top 5 Weight
41.5%
High concentration
Top 10 Weight
63.0%
High concentration
Changes
33
4 new · 6 exits
Top Sector
Banks
35.2% of portfolio
Launch Date
18 Nov 2024
2 years old

AAUM (Average Assets Under Management) of ₹2,951.53 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month ICICI Prudential Equity Minimum Variance Fund made 4 new additions and exited 6 stocks this month. The biggest new buy was Life Insurance Corporation Of India (Insurance) at 1.56% weight. Sun Pharmaceutical Industries Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 3.16%. Among existing holdings, Kotak Mahindra Bank Limited saw the biggest increase — now at 8.95% of the portfolio. Britannia Industries Limited was trimmed the most, now at 0.79%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 35.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Jun 2026 Jul 2026
Sector Prev Curr Delta
Banks 25.8% 31.6% +5.8%
Petroleum Products 9.7% 9.9% +0.3%
Diversified FMCG 7.7% 7.4% -0.3%
Automobiles 5.4% 5.9% +0.5%
Construction 1.3% 5.6% +4.3%
Cement & Cement Products 5.4% 4.8% -0.6%
Pharmaceuticals & Biotechnology 8.1% 4.3% -3.9%
Finance 4.9% 4.0% -0.9%
Consumer Durables 0.1% 3.4% +3.3%
Food Products 2.5% 2.7% +0.2%
Jul 2026 Aug 2026
Sector Prev Curr Delta
Banks 31.6% 35.2% +3.7%
Petroleum Products 9.9% 9.6% -0.4%
Diversified FMCG 7.4% 8.5% +1.1%
Construction 5.6% 5.1% -0.5%
Insurance 1.3% 4.6% +3.3%
Consumer Durables 3.4% 4.2% +0.8%
Power 2.5% 3.8% +1.3%
Finance 4.0% 3.7% -0.3%
Cement & Cement Products 4.8% 2.4% -2.5%
Agricultural Food & other Products 1.2% 2.1% +0.9%
🟢
Biggest New Buy
Life Insurance Corporation Of India
1.56% weight · Insurance
🔴
Biggest Exit
Sun Pharmaceutical Industries Limited
3.16% was held · Pharmaceuticals & Biotechnology
Biggest Add
Kotak Mahindra Bank Limited
+2.03% · now 8.95%
Biggest Trim
Britannia Industries Limited
-1.88% · now 0.79%
🤝 Other funds also bought this month
Life Insurance Corporation Of India 87 funds
Life Insurance Corporation Of India
quant PSU Fund - Growth Option - Direct Plan
quant BFSI Fund - Growth Option - Direct Plan
ICICI Prudential BSE Insurance ETF + more
Apollo Hospitals Enterprise Limited 28 funds
Apollo Hospitals Enterprise Limited
Mirae Asset Nifty 500 Healthcare ETF
Bandhan Nifty Alpha Low Volatility 30 Index Fund
Invesco India ESG Integration Strategy Fund (An open ended equity scheme investing in companies following Environmental, Social and Governance (ESG) theme following integration strategy) + more
Trent Limited 28 funds
Trent Limited
Axis Quant Fund - Direct Plan - Growth
Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Invesco India Multicap Fund - Direct Plan - Growth Option + more
Tata Motors Passenger Vehicles Limited 23 funds
Tata Motors Passenger Vehicles Limited
Mirae Asset Nifty 500 Value 50 ETF
Bandhan Nifty 500 Value 50 Index Fund
ICICI Prudential Focused Fund + more
👋 Other funds also exited
Sun Pharmaceutical Industries Limited 68 funds
Sun Pharmaceutical Industries Limited
Kotak Healthcare Fund - Direct Plan - Growth Option
ITI Pharma and Healthcare Fund - Direct Plan - Growth Option
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund + more
Mahindra & Mahindra Limited 61 funds
Mahindra & Mahindra Limited
HDFC Nifty Growth Sectors 15 ETF
Kotak Nifty India Consumption ETF
Kotak Rural Opportunities Fund - Direct Plan - Growth + more
Bajaj Auto Limited 39 funds
Bajaj Auto Limited
Kotak Transportation & Logistics Fund-Direct Growth
Kotak Nifty200 Quality 30 ETF
KOTAK NIFTY 200 QUALITY 30 INDEX FUND - DIRECT PLAN - GROWTH + more
Grasim Industries Limited 37 funds
Grasim Industries Limited
Kotak Nifty Commodities Index Fund-Direct Growth
Kotak BSE Housing Index Fund - Direct Plan - Growth Option
Kotak Nifty200 Value 30 Index Fund - Direct - Growth + more
GAIL (India) Limited 23 funds
GAIL (India) Limited
Kotak Energy Opportunities Fund-Direct-Growth
quant Commodities Fund - Growth Option - Direct Plan
quant PSU Fund - Growth Option - Direct Plan + more
JSW Steel Limited 22 funds
JSW Steel Limited
Kotak Nifty Commodities Index Fund-Direct Growth
KOTAK NIFTY ALPHA LOW VOLATILITY 30 INDEX FUND
Kotak Quant Fund - Direct Plan - Growth Option + more

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 Aug 2026
🟢 4 New Entries 🔴 6 Exits ↑ 14 Increased ↓ 9 Decreased
#StockSectorWeight (Aug 2026)
1
Life Insurance Corporation Of India
₹41.80 Cr
Insurance 1.56%
2
Trent Limited
₹28.80 Cr
Retailing 1.08%
3
Tata Motors Passenger Vehicles Limited
₹15.44 Cr
Automobiles 0.58%
4
Apollo Hospitals Enterprise Limited
₹13.35 Cr
Healthcare Services 0.50%
#StockSectorLast Weight (Jul 2026)
1
Sun Pharmaceutical Industries Limited
₹89.57 Cr
Pharmaceuticals & Biotechnology 3.16%
2
JSW Steel Limited
₹73.14 Cr
Ferrous Metals 2.58%
3
Mahindra & Mahindra Limited
₹68.65 Cr
Automobiles 2.42%
4
Grasim Industries Limited
₹51.41 Cr
Cement & Cement Products 1.81%
5
Bajaj Auto Limited
₹48.53 Cr
Automobiles 1.71%
6
GAIL (India) Limited
₹19.16 Cr
Gas 0.68%
#StockSectorJul 2026Aug 2026Change
1
Kotak Mahindra Bank Limited
₹239.06 Cr
Banks 6.92% 8.95% +2.03%
2
HDFC Life Insurance Company Limited
₹80.89 Cr
Insurance 1.31% 3.03% +1.72%
3
NTPC Limited
₹100.45 Cr
Power 2.50% 3.76% +1.26%
4
Axis Bank Limited
₹247.00 Cr
Banks 8.02% 9.24% +1.22%
5
Tata Consumer Products Limited
₹56.67 Cr
Agricultural Food & other Products 1.20% 2.12% +0.92%
6
Hindustan Unilever Limited
₹111.25 Cr
Diversified FMCG 3.34% 4.16% +0.82%
7
Asian Paints Limited
₹111.45 Cr
Consumer Durables 3.40% 4.17% +0.77%
8
State Bank of India
₹190.80 Cr
Banks 6.52% 7.14% +0.62%
9
ITC Limited
₹114.98 Cr
Diversified FMCG 4.03% 4.30% +0.27%
10
Dr. Reddy's Laboratories Limited
₹31.16 Cr
Pharmaceuticals & Biotechnology 1.09% 1.17% +0.08%
#StockSectorJul 2026Aug 2026Change
1
Britannia Industries Limited
₹21.00 Cr
Food Products 2.67% 0.79% -1.88%
2
Eicher Motors Limited
₹15.91 Cr
Automobiles 1.47% 0.60% -0.87%
3
UltraTech Cement Limited
₹62.98 Cr
Cement & Cement Products 3.02% 2.36% -0.66%
4
Larsen & Toubro Limited
₹135.73 Cr
Construction 5.56% 5.08% -0.48%
5
Reliance Industries Limited
₹255.40 Cr
Petroleum Products 9.91% 9.56% -0.35%
6
ICICI Bank Limited
₹87.24 Cr
Banks 3.52% 3.27% -0.25%
7
Bajaj Finserv Limited
₹70.74 Cr
Finance 2.86% 2.65% -0.21%
8
Godrej Consumer Products Limited
₹46.47 Cr
Personal Products 1.95% 1.74% -0.21%
9
Bajaj Holdings & Investment Limited
₹29.11 Cr
Finance 1.18% 1.09% -0.09%

What Stocks Does This Fund Hold?

28 stocks — Aug 2026

# Stock Sector Cap Weight & Value
1
₹255.40 Cr
Petroleum Products
9.56%
2
₹247.00 Cr
Banks
9.24%
3
₹239.06 Cr
Banks
8.95%
4
₹190.80 Cr
Banks
7.14%
5
₹177.25 Cr
Banks
6.63%
6
₹135.73 Cr
Construction
5.08%
7
₹114.98 Cr
Diversified FMCG
4.30%
8
₹111.45 Cr
Consumer Durables
4.17%
9
₹111.25 Cr
Diversified FMCG
4.16%
10
₹100.45 Cr
Power
3.76%
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🏦 ICICI Prudential Mutual Fund — Portfolio & Holdings
See all funds managed by ICICI Prudential Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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