ICICI Prudential Equity Minimum Variance Fund holds 37 instruments (92.17% equity), led by Reliance Industries Limited (9.91%), Axis Bank Limited (8.02%) and Kotak Mahindra Bank Limited (6.92%), as of its 31 July 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of ICICI Prudential Equity Minimum Variance Fund, managed by ICICI Prudential Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 37 instruments with an equity allocation of 92.17%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
ICICI Prudential Equity Minimum Variance Fund's top 10 holdings account for 57.81% of its portfolio, more concentrated than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 36.92% of net assets, spread across 9 sectors in total. Since its 30 June 2026 disclosure, the fund added 6 new positions and exited 8 positions, with Larsen & Toubro Limited seeing the largest move (+4.27pp to 5.56%).
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| Larsen & Toubro Limited | 1.29% → 5.56% | ▲ +4.27 |
| Axis Bank Limited | 5.28% → 8.02% | ▲ +2.74 |
| State Bank of India | 4.45% → 6.52% | ▲ +2.07 |
| Godrej Consumer Products Limited | 0.35% → 1.95% | ▲ +1.6 |
| UltraTech Cement Limited | 1.83% → 3.02% | ▲ +1.19 |
| Mahindra & Mahindra Limited | 1.33% → 2.42% | ▲ +1.09 |
| Kotak Mahindra Bank Limited | 5.85% → 6.92% | ▲ +1.07 |
| Reliance Industries Limited | 9.65% → 9.91% | ▲ +0.26 |
| Hindustan Unilever Limited | 3.13% → 3.34% | ▲ +0.21 |
| ICICI Bank Limited | 3.32% → 3.52% | ▲ +0.2 |
| Stock | Weight | Change |
|---|---|---|
| Sun Pharmaceutical Industries Limited | 6.2% → 3.16% | ▼ -3.04 |
| Bajaj Auto Limited | 4.05% → 1.71% | ▼ -2.34 |
| Tata Consultancy Services Limited | 2.6% → 0.57% | ▼ -2.03 |
| Grasim Industries Limited | 3.55% → 1.81% | ▼ -1.74 |
| Infosys Limited | 2.08% → 0.8% | ▼ -1.28 |
| Bajaj Finserv Limited | 3.86% → 2.86% | ▼ -1 |
| ITC Limited | 4.58% → 4.03% | ▼ -0.55 |
| HDFC Bank Limited | 6.92% → 6.59% | ▼ -0.33 |
| Dr. Reddy's Laboratories Limited | 1.41% → 1.09% | ▼ -0.32 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Reliance Industries Limited | Energy | 9.91% |
| 2 | Axis Bank Limited | Financial Services | 8.02% |
| 3 | Kotak Mahindra Bank Limited | Financial Services | 6.92% |
| 4 | HDFC Bank Limited | Financial Services | 6.59% |
| 5 | State Bank of India | Financial Services | 6.52% |
| 6 | Larsen & Toubro Limited | Industrials | 5.56% |
| 7 | TREPStreps | — | 4.63% |
| 8 | ITC Limited | Consumer Staples | 4.03% |
| 9 | ICICI Bank Limited | Financial Services | 3.52% |
| 10 | Asian Paints Limited | Consumer Discretionary | 3.4% |
| 11 | Hindustan Unilever Limited | Consumer Staples | 3.34% |
| 12 | Sun Pharmaceutical Industries Limited | Healthcare | 3.16% |
| 13 | UltraTech Cement Limited | Materials | 3.02% |
| 14 | Bajaj Finserv Limited | Financial Services | 2.86% |
| 15 | Britannia Industries Limited | Consumer Staples | 2.67% |
| 16 | JSW Steel Limited | Materials | 2.58% |
| 17 | NTPC Limited | Utilities | 2.5% |
| 18 | 91 Days Treasury Billsbond | — | 2.45% |
| 19 | Mahindra & Mahindra Limited | Consumer Discretionary | 2.42% |
| 20 | Godrej Consumer Products Limited | Consumer Staples | 1.95% |
| 21 | Grasim Industries Limited | Materials | 1.81% |
| 22 | Bajaj Auto Limited | Consumer Discretionary | 1.71% |
| 23 | Eicher Motors Limited | Consumer Discretionary | 1.47% |
| 24 | HDFC Life Insurance Company Limited | Financial Services | 1.31% |
| 25 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 1.2% |
| 26 | Bajaj Holdings & Investment Limited | Financial Services | 1.18% |
| 27 | Coal India Limited | Energy | 1.13% |
| 28 | Dr. Reddy's Laboratories Limited | Healthcare | 1.09% |
| 29 | Cash Margin - Derivativesother | — | 0.92% |
| 30 | Infosys Limited | Information Technology | 0.8% |
| 31 | GAIL (India) Limited | Utilities | 0.68% |
| 32 | Tata Consultancy Services Limited | Information Technology | 0.57% |
| 33 | Maruti Suzuki India Limited | Consumer Discretionary | 0.25% |
| 34 | Infosys Ltdother | — | 0% |
| 35 | ITC Ltdother | — | -0.01% |
| 36 | Larsen & Toubro Ltdother | — | -0.02% |
| 37 | Net Current Assetsother | — | -0.13% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: ICICI Prudential Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.