← ICICI Prudential Mutual Fund

ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth

Equity Data as of Jul 2026 Comparing Jun 2026 → Jul 2026
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Stocks Held
30
Jul 2026
Equity Holdings
₹2,613.92 Cr
Equity only, excl. debt & cash
AAUM
₹2,951.53 Cr
Apr-Jun 2026 · Direct + Regular
Top 5 Weight
38.0%
Moderate
Top 10 Weight
57.8%
Moderate
Changes
38
6 new · 8 exits
Top Sector
Banks
31.6% 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 6 new additions and exited 8 stocks this month. The biggest new buy was Asian Paints Limited (Consumer Durables) at 3.40% weight. Bharti Airtel Limited was the biggest exit (Telecom - Services), which was held at 4.33%. Among existing holdings, Larsen & Toubro Limited saw the biggest increase — now at 5.56% of the portfolio. Sun Pharmaceutical Industries Limited was trimmed the most, now at 3.16%. Reliance Industries Limited remains the top holding with Banks the dominant sector at 31.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Apr 2026 Jun 2026
Sector Prev Curr Delta
Banks 18.6% 25.8% +7.3%
Petroleum Products 10.1% 9.7% -0.5%
Pharmaceuticals & Biotechnology 6.0% 8.1% +2.1%
Diversified FMCG 4.4% 7.7% +3.3%
IT - Software 8.6% 6.9% -1.7%
Automobiles 8.5% 5.4% -3.1%
Cement & Cement Products 6.1% 5.4% -0.7%
Finance 4.3% 4.9% +0.7%
Telecom - Services 4.5% 4.3% -0.2%
Power 3.0% 3.3% +0.3%
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%
🟢
Biggest New Buy
Asian Paints Limited
3.40% weight · Consumer Durables
🔴
Biggest Exit
Bharti Airtel Limited
4.33% was held · Telecom - Services
Biggest Add
Larsen & Toubro Limited
+4.27% · now 5.56%
Biggest Trim
Sun Pharmaceutical Industries Limited
-3.04% · now 3.16%
🤝 Other funds also bought this month
Maruti Suzuki India Limited 33 funds
Maruti Suzuki India Limited
HDFC Nifty Auto Index Fund
Nippon India MNC Fund
Mirae Asset Nifty Top 20 Equal Weight ETF + more
Eicher Motors Limited 25 funds
Eicher Motors Limited
HDFC Nifty Auto Index Fund
Edelweiss Nifty 100 Quality 30 Index Fnd
SBI Quant Fund- Direct Plan- Growth + more
Asian Paints Limited 22 funds
Asian Paints Limited
Motilal Oswal Contra Fund
Motilal Oswal Manufacturing Fund - Direct Plan- Growth
Bandhan Nifty 200 Quality 30 Index Fund - Direct Plan - Growth + more
Coal India Limited 18 funds
Coal India Limited
Bandhan Nifty 200 Quality 30 Index Fund - Direct Plan - Growth
Edelweiss Nifty 100 Quality 30 Index Fnd
DSP Natural Resources & New Energy Fund + more
JSW Steel Limited 14 funds
JSW Steel Limited
Edel Nifty Alpha Low Volatility 30 Index Fund
SBI Resurgent India Opportunities Scheme
UTI Focused Fund - Direct Plan - Growth Option + more
GAIL (India) Limited 10 funds
GAIL (India) Limited
quant Commodities Fund - Growth Option - Direct Plan
quant PSU Fund - Growth Option - Direct Plan
DSP Natural Resources & New Energy Fund + more
👋 Other funds also exited
Bharti Airtel Limited 58 funds
Bharti Airtel Limited
Sundaram Equity Savings Fund
Mirae Asset BSE Sensex ETF
BANDHAN BSE Sensex ETF + more
Oil & Natural Gas Corporation Limited 46 funds
Oil & Natural Gas Corporation Limited
Groww Nifty 50 ETF
Mirae Asset Nifty Energy ETF
quant PSU Fund - Growth Option - Direct Plan + more
HCL Technologies Limited 42 funds
HCL Technologies Limited
Axis IT ETF
Navi NiftyIT Index Fund - Direct Plan- Growth
Edelweiss Nifty 100 Quality 30 Index Fund Direct Plan Growth + more
Power Grid Corporation of India Limited 39 funds
Power Grid Corporation of India Limited
Groww BSE Power ETF FOF
Groww Nifty PSE ETF FOF
Bandhan Nifty 500 Value 50 Index Fund + more
Tech Mahindra Limited 37 funds
Tech Mahindra Limited
Groww Nifty 50 ETF
Axis IT ETF
Navi NiftyIT Index Fund - Direct Plan- Growth + more
Titan Company Limited 35 funds
Titan Company Limited
Samco Large Cap Fund
Invesco India Consumption Fund - Direct Plan - Growth
Mirae Asset Nifty 100 Low Volatility 30 ETF + more

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 Jul 2026
🟢 6 New Entries 🔴 8 Exits ↑ 13 Increased ↓ 11 Decreased
#StockSectorWeight (Jul 2026)
1
Asian Paints Limited
₹96.42 Cr
Consumer Durables 3.40%
2
JSW Steel Limited
₹73.14 Cr
Ferrous Metals 2.58%
3
Eicher Motors Limited
₹41.56 Cr
Automobiles 1.47%
4
Coal India Limited
₹32.11 Cr
Consumable Fuels 1.13%
5
GAIL (India) Limited
₹19.16 Cr
Gas 0.68%
6
Maruti Suzuki India Limited
₹7.05 Cr
Automobiles 0.25%
#StockSectorLast Weight (Jun 2026)
1
Bharti Airtel Limited
₹124.82 Cr
Telecom - Services 4.33%
2
HCL Technologies Limited
₹57.70 Cr
IT - Software 2.00%
3
Oil & Natural Gas Corporation Limited
₹35.24 Cr
Oil 1.22%
4
Power Grid Corporation of India Limited
₹22.90 Cr
Power 0.79%
5
Cipla Limited
₹14.65 Cr
Pharmaceuticals & Biotechnology 0.51%
6
Tech Mahindra Limited
₹7.31 Cr
IT - Software 0.25%
7
Titan Company Limited
₹3.62 Cr
Consumer Durables 0.13%
8
Nestle India Limited
₹57.82 L
Food Products 0.02%
#StockSectorJun 2026Jul 2026Change
1
Larsen & Toubro Limited
₹157.56 Cr
Construction 1.29% 5.56% +4.27%
2
Axis Bank Limited
₹227.46 Cr
Banks 5.28% 8.02% +2.74%
3
State Bank of India
₹184.93 Cr
Banks 4.45% 6.52% +2.07%
4
Godrej Consumer Products Limited
₹55.19 Cr
Personal Products 0.35% 1.95% +1.60%
5
UltraTech Cement Limited
₹85.67 Cr
Cement & Cement Products 1.83% 3.02% +1.19%
6
Mahindra & Mahindra Limited
₹68.65 Cr
Automobiles 1.33% 2.42% +1.09%
7
Kotak Mahindra Bank Limited
₹196.37 Cr
Banks 5.85% 6.92% +1.07%
8
Reliance Industries Limited
₹281.18 Cr
Petroleum Products 9.65% 9.91% +0.26%
9
Hindustan Unilever Limited
₹94.64 Cr
Diversified FMCG 3.13% 3.34% +0.21%
10
ICICI Bank Limited
₹99.76 Cr
Banks 3.32% 3.52% +0.20%
#StockSectorJun 2026Jul 2026Change
1
Sun Pharmaceutical Industries Limited
₹89.57 Cr
Pharmaceuticals & Biotechnology 6.20% 3.16% -3.04%
2
Bajaj Auto Limited
₹48.53 Cr
Automobiles 4.05% 1.71% -2.34%
3
Tata Consultancy Services Limited
₹16.30 Cr
IT - Software 2.60% 0.57% -2.03%
4
Grasim Industries Limited
₹51.41 Cr
Cement & Cement Products 3.55% 1.81% -1.74%
5
Infosys Limited
₹22.60 Cr
IT - Software 2.08% 0.80% -1.28%
6
Bajaj Finserv Limited
₹81.16 Cr
Finance 3.86% 2.86% -1.00%
7
ITC Limited
₹114.34 Cr
Diversified FMCG 4.58% 4.03% -0.55%
8
HDFC Bank Limited
₹187.04 Cr
Banks 6.92% 6.59% -0.33%
9
Dr. Reddy's Laboratories Limited
₹30.99 Cr
Pharmaceuticals & Biotechnology 1.41% 1.09% -0.32%
10
HDFC Life Insurance Company Limited
₹37.02 Cr
Insurance 1.35% 1.31% -0.04%

What Stocks Does This Fund Hold?

30 stocks — Jul 2026

# Stock Sector Cap Weight & Value
1
₹281.18 Cr
Petroleum Products
9.91%
2
₹227.46 Cr
Banks
8.02%
3
₹196.37 Cr
Banks
6.92%
4
₹187.04 Cr
Banks
6.59%
5
₹184.93 Cr
Banks
6.52%
6
₹157.56 Cr
Construction
5.56%
7
₹114.34 Cr
Diversified FMCG
4.03%
8
₹99.76 Cr
Banks
3.52%
9
₹96.42 Cr
Consumer Durables
3.40%
10
₹94.64 Cr
Diversified FMCG
3.34%
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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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