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ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth

Equity Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
33
Apr 2026
Equity Holdings
₹2,735.58 Cr
Equity only, excl. debt & cash
Top 5 Weight
32.8%
Moderate
Top 10 Weight
52.8%
Moderate
Changes
44
12 new · 11 exits
Top Sector
Banks
18.6% of portfolio
📋 What Happened This Month ICICI Prudential Equity Minimum Variance Fund made 12 new additions and exited 11 stocks this month. The biggest new buy was Bajaj Finserv Limited (Finance) at 4.29% weight. Sun Pharmaceutical Industries Limited was the biggest exit (Pharmaceuticals & Biotechnology), which was held at 3.90%. Among existing holdings, Bajaj Auto Limited saw the biggest increase — now at 5.53% of the portfolio. ICICI Bank Limited was trimmed the most, now at 4.66%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 18.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 19.7% 24.4% +4.6%
IT - Software 8.7% 9.3% +0.6%
Pharmaceuticals & Biotechnology 7.6% 7.9% +0.2%
Diversified FMCG 7.5% 7.0% -0.5%
Petroleum Products 6.0% 6.1% +0.1%
Automobiles 8.6% 5.9% -2.7%
Power 4.1% 5.4% +1.3%
Insurance 6.4% 4.9% -1.5%
Telecom - Services 3.7% 4.0% +0.3%
Construction 1.8% 3.7% +2.0%
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 24.4% 18.6% -5.8%
Petroleum Products 6.1% 10.1% +4.0%
IT - Software 9.3% 8.6% -0.7%
Automobiles 5.9% 8.5% +2.6%
Cement & Cement Products 3.1% 6.1% +3.0%
Insurance 4.9% 6.0% +1.1%
Pharmaceuticals & Biotechnology 7.9% 6.0% -1.9%
Telecom - Services 4.0% 4.5% +0.5%
Diversified FMCG 7.0% 4.4% -2.6%
Finance 0.0% 4.3% +4.3%
🟢
Biggest New Buy
Bajaj Finserv Limited
4.29% weight · Finance
🔴
Biggest Exit
Sun Pharmaceutical Industries Limited
3.90% was held · Pharmaceuticals & Biotechnology
Biggest Add
Bajaj Auto Limited
+4.59% · now 5.53%
Biggest Trim
ICICI Bank Limited
-3.08% · now 4.66%
🤝 Other funds also bought this month
Kotak Mahindra Bank Limited 88 funds
Kotak Mahindra Bank Limited
ICICI Prudential Nifty Private Bank ETF
HDFC NIFTY Private Bank ETF - Growth Option
TATA NIFTY PRIVATE BANK EXCHANGE TRADED FUND + more
InterGlobe Aviation Limited 83 funds
InterGlobe Aviation Limited
Invesco India Large & Mid Cap Fund - Direct Plan - Growth
Mirae Asset Nifty India New Age Consumption ETF
Invesco India Midcap Fund - Direct Plan - Growth Option + more
TVS Motor Company Limited 48 funds
TVS Motor Company Limited
ICICI Prudential Long Term Wealth Enhancement Fund
ICICI Prudential Nifty 200 Momentum 30 ETF
Bandhan Nifty200 Momentum 30 Index Fund + more
Oil & Natural Gas Corporation Limited 43 funds
Oil & Natural Gas Corporation Limited
Bandhan Nifty 500 Value 50 Index Fund
Mirae Asset Nifty 500 Value 50 ETF
SBI Quant Fund- Direct Plan- Growth + more
Cummins India Limited 40 funds
Cummins India Limited
ICICI Prudential Manufacturing Fund
ICICI Prudential Nifty200 Quality 30 Index Fund - Direct Plan - Growth
Bandhan Nifty200 Momentum 30 Index Fund + more
Bajaj Finserv Limited 38 funds
Bajaj Finserv Limited
BAJAJ FINSERV MULTI CAP FUND - DIRECT - GROWTH
Mirae Asset Nifty Financial Services ETF
Axis Quant Fund - Direct Plan - Growth + more
👋 Other funds also exited
Hero MotoCorp Limited 33 funds
Hero MotoCorp Limited
ICICI Prudential Nifty Auto Index Fund - Direct Plan - Growth
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF
Bandhan Multi-Factor Fund - Direct Plan - Growth + more
Sun Pharmaceutical Industries Limited 33 funds
Sun Pharmaceutical Industries Limited
ICICI Prudential Long Term Bond Fund - Direct Plan - Growth
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth + more
Tech Mahindra Limited 30 funds
Tech Mahindra Limited
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth + more
State Bank of India 28 funds
State Bank of India
SBI BSE PSU BANK INDEX FUND- Direct Plan- Growth
ICICI Prudential Nifty Bank Index Fund - Direct Plan Growth
Bajaj Finserv Banking and Financial Services Fund - Direct - Growth + more
Trent Limited 21 funds
Trent Limited
ICICI Prudential Nifty 200 Momentum 30 ETF
ICICI Prudential Nifty 200 Momentum 30 Index Fund - Direct Plan - Growth
ICICI Prudential Long Term Bond Fund - Direct Plan - Growth + more
SBI Life Insurance Company Limited 19 funds
SBI Life Insurance Company Limited
ICICI Prudential Banking and Financial Services Fund - Direct Plan - Growth
Bandhan Multi-Factor Fund - Direct Plan - Growth
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND - Direct Plan Growth + more

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 12 New Entries 🔴 11 Exits ↑ 11 Increased ↓ 10 Decreased
#StockSectorWeight (Apr 2026)
1
Bajaj Finserv Limited
₹128.18 Cr
Finance 4.29%
2
Grasim Industries Limited
₹111.78 Cr
Cement & Cement Products 3.75%
3
Kotak Mahindra Bank Limited
₹95.96 Cr
Banks 3.22%
4
Life Insurance Corporation Of India
₹51.86 Cr
Insurance 1.74%
5
InterGlobe Aviation Limited
₹42.95 Cr
Transport Services 1.44%
6
Cummins India Limited
₹39.50 Cr
Industrial Products 1.32%
7
Lupin Limited
₹28.61 Cr
Pharmaceuticals & Biotechnology 0.96%
8
Oil & Natural Gas Corporation Limited
₹20.97 Cr
Oil 0.70%
9
TVS Motor Company Limited
₹17.46 Cr
Automobiles 0.59%
10
Marico Limited
₹8.91 Cr
Agricultural Food & other Products 0.30%
#StockSectorLast Weight (Mar 2026)
1
Sun Pharmaceutical Industries Limited
₹135.43 Cr
Pharmaceuticals & Biotechnology 3.90%
2
State Bank of India
₹114.37 Cr
Banks 3.29%
3
Eicher Motors Limited
₹67.23 Cr
Automobiles 1.93%
4
SBI Life Insurance Company Limited
₹64.51 Cr
Insurance 1.86%
5
Titan Company Limited
₹48.80 Cr
Consumer Durables 1.40%
6
Hero MotoCorp Limited
₹43.54 Cr
Automobiles 1.25%
7
Asian Paints Limited
₹38.10 Cr
Consumer Durables 1.10%
8
Wipro Limited
₹30.67 Cr
IT - Software 0.88%
9
Tech Mahindra Limited
₹27.91 Cr
IT - Software 0.80%
10
Trent Limited
₹27.48 Cr
Retailing 0.79%
#StockSectorMar 2026Apr 2026Change
1
Bajaj Auto Limited
₹164.90 Cr
Automobiles 0.94% 5.53% +4.59%
2
Reliance Industries Limited
₹301.90 Cr
Petroleum Products 6.09% 10.12% +4.03%
3
Infosys Limited
₹147.73 Cr
IT - Software 1.95% 4.95% +3.00%
4
Apollo Hospitals Enterprise Limited
₹72.55 Cr
Healthcare Services 0.59% 2.43% +1.84%
5
HDFC Life Insurance Company Limited
₹127.46 Cr
Insurance 3.08% 4.27% +1.19%
6
Cipla Limited
₹91.67 Cr
Pharmaceuticals & Biotechnology 2.02% 3.07% +1.05%
7
Maruti Suzuki India Limited
₹71.44 Cr
Automobiles 1.78% 2.39% +0.61%
8
Bharti Airtel Limited
₹135.36 Cr
Telecom - Services 4.02% 4.54% +0.52%
9
HCL Technologies Limited
₹47.96 Cr
IT - Software 1.39% 1.61% +0.22%
10
Britannia Industries Limited
₹86.15 Cr
Food Products 2.70% 2.89% +0.19%
#StockSectorMar 2026Apr 2026Change
1
ICICI Bank Limited
₹138.97 Cr
Banks 7.74% 4.66% -3.08%
2
ITC Limited
₹56.68 Cr
Diversified FMCG 4.19% 1.90% -2.29%
3
Tata Consultancy Services Limited
₹61.85 Cr
IT - Software 4.31% 2.07% -2.24%
4
HDFC Bank Limited
₹223.79 Cr
Banks 9.18% 7.50% -1.68%
5
Larsen & Toubro Limited
₹64.08 Cr
Construction 3.73% 2.15% -1.58%
6
Power Grid Corporation of India Limited
₹35.02 Cr
Power 2.46% 1.17% -1.29%
7
NTPC Limited
₹55.88 Cr
Power 2.94% 1.87% -1.07%
8
Axis Bank Limited
₹95.12 Cr
Banks 4.15% 3.19% -0.96%
9
UltraTech Cement Limited
₹69.52 Cr
Cement & Cement Products 3.07% 2.33% -0.74%
10
Hindustan Unilever Limited
₹74.15 Cr
Diversified FMCG 2.80% 2.48% -0.32%

Full Portfolio

33 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹301.90 Cr
Petroleum Products
10.12%
2
₹223.79 Cr
Banks
7.50%
3
₹164.90 Cr
Automobiles
5.53%
4
₹147.73 Cr
IT - Software
4.95%
5
₹138.97 Cr
Banks
4.66%
6
₹135.36 Cr
Telecom - Services
4.54%
7
₹128.18 Cr
Finance
4.29%
8
₹127.46 Cr
Insurance
4.27%
9
₹111.78 Cr
Cement & Cement Products
3.75%
10
₹95.96 Cr
Banks
3.22%
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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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