ICICI Prudential Arbitrage Fund

ICICI Prudential Mutual FundHybridPortfolio as of 31 July 2026

ICICI Prudential Arbitrage Fund holds 199 instruments (71.18% equity), led by Bharti Airtel Limited (4.31%), Reliance Industries Limited (3.61%) and Vodafone Idea Limited (3.28%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings
199
Equity Allocation
71.18%
AMC
ICICI Prudential Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of ICICI Prudential Arbitrage Fund, managed by ICICI Prudential Mutual Fund, based on its monthly portfolio disclosure dated 31 July 2026. The fund holds 199 instruments with an equity allocation of 71.18%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

ICICI Prudential Arbitrage Fund's top 10 holdings account for 25.15% of its portfolio, more diversified than the Hybrid category average of 28.9%. Financial Services is its largest sector exposure at 21.53% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 16 new positions and exited 10 positions, with Axis Bank Limited seeing the largest move (+1.8pp to 3.05%).

Top 10 Equity Holdings

What Changed: June 2026 → July 2026

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.

16 new entries10 exits10 increased10 reduced

Biggest Weight Increases

StockWeightChange
Axis Bank Limited1.25% → 3.05%▲ +1.8
Bharat Heavy Electricals Limited0.8% → 1.63%▲ +0.83
ITC Limited0.49% → 1.01%▲ +0.52
State Bank of India1.24% → 1.75%▲ +0.51
Kotak Mahindra Bank Limited1.22% → 1.71%▲ +0.49
Coal India Limited0.72% → 1.2%▲ +0.48
Muthoot Finance Limited0% → 0.47%▲ +0.47
Hindustan Unilever Limited0.29% → 0.74%▲ +0.45
Adani Power Limited0.67% → 1.04%▲ +0.37
Hitachi Energy India Limited0.01% → 0.37%▲ +0.36

Biggest Weight Reductions

StockWeightChange
HDFC Bank Limited3.83% → 2.35%▼ -1.48
ETERNAL LIMITED1.39% → 0.3%▼ -1.09
Bajaj Finserv Limited1.13% → 0.24%▼ -0.89
Mahindra & Mahindra Limited1.11% → 0.25%▼ -0.86
Maruti Suzuki India Limited0.75% → 0.11%▼ -0.64
Titan Company Limited0.63% → 0.02%▼ -0.61
Vodafone Idea Limited3.84% → 3.28%▼ -0.56
Shriram Finance Limited0.69% → 0.13%▼ -0.56
Bajaj Finance Limited1.12% → 0.62%▼ -0.5
TVS Motor Company Limited1.17% → 0.68%▼ -0.49

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

Feb: 3.13%, Mar: 5.4%, Apr: 5.85%, May: 5.15%, Jun: 3.96%, Jul: 4.31%
4.31%
Feb: 1.86%, Mar: 1.24%, Apr: 2.55%, May: 3.5%, Jun: 3.98%, Jul: 3.61%
3.61%
Feb: 3.19%, Mar: 2.37%, Apr: 2.71%, May: 3.7%, Jun: 3.84%, Jul: 3.28%
3.28%
Feb: 1.47%, Mar: 1.88%, Apr: 0.88%, May: 0.99%, Jun: 1.25%, Jul: 3.05%
3.05%
Feb: 5.33%, Mar: 5.43%, Apr: 3.5%, May: 3.9%, Jun: 3.83%, Jul: 2.35%
2.35%

Full Portfolio (199 holdings)

#HoldingSector% to NAV
1ICICI Prudential Money Market Fund Option - Direct Plan - Growthmf15.41%
2Bharti Airtel LimitedTelecommunication4.31%
3Reliance Industries LimitedEnergy3.61%
4TREPStreps3.54%
5Vodafone Idea LimitedTelecommunication3.28%
6Axis Bank LimitedFinancial Services3.05%
7HDFC Bank LimitedFinancial Services2.35%
8CD - Union Bank Of Indiabond1.83%
9Bharat Electronics LimitedIndustrials1.77%
10State Bank of IndiaFinancial Services1.75%
11Kotak Mahindra Bank LimitedFinancial Services1.71%
12Jio Financial Services LimitedFinancial Services1.69%
13Bharat Heavy Electricals LimitedIndustrials1.63%
14Canara BankFinancial Services1.46%
15HDFC BANK LTD - CDbond1.41%
16Coal India LimitedEnergy1.2%
17JSW Steel LimitedMaterials1.16%
18Small Industries Development Bank of India (MD )bond1.13%
19Adani Energy Solutions LimitedUtilities1.08%
20Adani Power LimitedUtilities1.04%
21Adani Green Energy LimitedUtilities1.01%
22ITC LimitedConsumer Staples1.01%
23Punjab National BankFinancial Services0.98%
24Hindalco Industries LimitedMaterials0.97%
25Ambuja Cements LimitedMaterials0.95%
26DLF LimitedReal Estate0.92%
27NTPC LimitedUtilities0.87%
28NMDC LimitedMaterials0.87%
29NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENTbond0.84%
30The Indian Hotels Company LimitedConsumer Discretionary0.81%
31Glenmark Pharmaceuticals LimitedHealthcare0.81%
32Tata Steel LimitedMaterials0.79%
33Steel Authority of India LimitedMaterials0.77%
34Hindustan Unilever LimitedConsumer Staples0.74%
35Small Industries Development Bank of India (MD )bond0.7%
36Eicher Motors LimitedConsumer Discretionary0.7%
37IDFC First Bank LimitedFinancial Services0.69%
38TVS Motor Company LimitedConsumer Discretionary0.68%
39Indus Towers LimitedTelecommunication0.64%
40Divi's Laboratories LimitedHealthcare0.63%
41Grasim Industries LimitedMaterials0.63%
42Bajaj Finance LimitedFinancial Services0.62%
43Laurus Labs LimitedHealthcare0.61%
44Tata Motors Passenger Vehicles LimitedConsumer Discretionary0.59%
45Small Industries Development Bank Of Indiabond0.58%
46Power Finance Corporation LimitedFinancial Services0.57%
47Apollo Hospitals Enterprise LimitedHealthcare0.57%
48Union Bank of India (MD )bond0.57%
49Tata Power Company LimitedUtilities0.56%
50Larsen & Toubro LimitedIndustrials0.55%
51ICICI Bank LimitedFinancial Services0.54%
52Adani Enterprises LimitedMaterials0.54%
53APL Apollo Tubes LimitedIndustrials0.49%
54UltraTech Cement LimitedMaterials0.49%
55Yes Bank LimitedFinancial Services0.48%
56Muthoot Finance LimitedFinancial Services0.47%
57AU Small Finance Bank LimitedFinancial Services0.47%
58Crompton Greaves Consumer Electricals LimitedConsumer Discretionary0.47%
59Manappuram Finance LimitedFinancial Services0.43%
60CD - Axis Bank Ltdbond0.43%
61HDFC Bank Limited 2027bond0.42%
62IndusInd Bank Ltdbond0.42%
63Punjab National Bank^bond0.42%
64One 97 Communications LimitedFinancial Services0.4%
65Dabur India LimitedConsumer Staples0.39%
66Bandhan Bank LimitedFinancial Services0.39%
67Hitachi Energy India LimitedIndustrials0.37%
68Cipla LimitedHealthcare0.36%
69REC LimitedFinancial Services0.35%
70Container Corporation of India LimitedServices0.35%
71Oil & Natural Gas Corporation LimitedEnergy0.34%
72GMR AIRPORTS LIMITEDServices0.34%
73Solar Industries India LimitedMaterials0.33%
74Biocon LimitedHealthcare0.33%
75UPL LimitedMaterials0.33%
76Adani Ports and Special Economic Zone LimitedServices0.32%
77Fortis Healthcare LimitedHealthcare0.31%
78Power Grid Corporation of India LimitedUtilities0.31%
79Zydus Lifesciences LimitedHealthcare0.3%
80ETERNAL LIMITEDConsumer Discretionary0.3%
81Max Financial Services LimitedFinancial Services0.3%
82Bank of BarodaFinancial Services0.3%
83JINDAL STEEL LIMITEDMaterials0.29%
84Bank of Baroda (MD )bond0.29%
85Lupin LimitedHealthcare0.29%
86National Bank For Agriculture and Rural Developmentbond0.28%
87National Bank For Agriculture and Rural Developmentbond0.28%
88Indian Overseas Bankbond0.28%
89CG Power and Industrial Solutions LimitedIndustrials0.28%
90Sun Pharmaceutical Industries LimitedHealthcare0.28%
91Tata Consultancy Services LimitedInformation Technology0.26%
92Mahindra & Mahindra LimitedConsumer Discretionary0.25%
93Hero MotoCorp LimitedConsumer Discretionary0.25%
94Havells India LimitedConsumer Discretionary0.25%
95Bajaj Finserv LimitedFinancial Services0.24%
96InterGlobe Aviation LimitedServices0.23%
97Pidilite Industries LimitedMaterials0.23%
98BSE LimitedFinancial Services0.21%
99Canara Bankbond0.21%
100The Federal Bank LimitedFinancial Services0.2%
101Infosys LimitedInformation Technology0.2%
102Indian Oil Corporation LimitedEnergy0.19%
103Cummins India LimitedIndustrials0.19%
104Alkem Laboratories LimitedHealthcare0.18%
105PB Fintech LimitedFinancial Services0.18%
106Coforge LimitedInformation Technology0.18%
107Ashok Leyland LimitedIndustrials0.18%
108Samvardhana Motherson International LimitedConsumer Discretionary0.17%
109Torrent Pharmaceuticals LimitedHealthcare0.17%
110GAIL (India) LimitedUtilities0.17%
111JSW Energy LimitedUtilities0.16%
112GE Vernova T&D India LimitedIndustrials0.16%
113Patanjali Foods LimitedConsumer Staples0.16%
114IndusInd Bank LimitedFinancial Services0.15%
115Hindustan Petroleum Corporation LimitedEnergy0.15%
116Canara Bankbond0.14%
117Aditya Birla Capital LimitedFinancial Services0.14%
118Punjab National Bank^bond0.14%
119Punjab National Bank^bond0.14%
120TATA CONSUMER PRODUCTS LIMITEDConsumer Staples0.14%
121Godrej Consumer Products LimitedConsumer Staples0.14%
122Axis Bank Ltdbond0.14%
123HDFC Asset Management Company LimitedFinancial Services0.14%
124Asian Paints LimitedConsumer Discretionary0.14%
125Varun Beverages LimitedConsumer Staples0.13%
126Shriram Finance LimitedFinancial Services0.13%
127Vedanta LimitedMaterials0.13%
128Marico LimitedConsumer Staples0.13%
129Bank of IndiaFinancial Services0.12%
130LIC Housing Finance LimitedFinancial Services0.12%
131360 ONE WAM LIMITEDFinancial Services0.11%
132Maruti Suzuki India LimitedConsumer Discretionary0.11%
133HDFC Life Insurance Company LimitedFinancial Services0.11%
134Multi Commodity Exchange of India LimitedFinancial Services0.1%
135Dalmia Bharat LimitedMaterials0.09%
136The Phoenix Mills LimitedReal Estate0.09%
137Indian Energy Exchange LimitedFinancial Services0.09%
138Aurobindo Pharma LimitedHealthcare0.09%
139RBL Bank LimitedFinancial Services0.08%
140Hindustan Aeronautics LimitedIndustrials0.08%
141Inox Wind LimitedIndustrials0.08%
142Small Industries Development Bank Of Indiabond0.07%
143Punjab National Bank 2027bond0.07%
144Punjab National Bankbond0.07%
145Godrej Properties LimitedReal Estate0.07%
146SBI Life Insurance Company LimitedFinancial Services0.07%
147Tube Investments of India LimitedConsumer Discretionary0.06%
148Hindustan Zinc LimitedMaterials0.06%
149Petronet LNG LimitedUtilities0.06%
150Persistent Systems LimitedInformation Technology0.06%
151ICICI Prudential Life Insurance Company LimitedFinancial Services0.06%
152Union Bank of IndiaFinancial Services0.06%
153Bajaj Holdings & Investment LimitedFinancial Services0.05%
154Nestle India LimitedConsumer Staples0.05%
155ABB India LimitedIndustrials0.05%
156Britannia Industries LimitedConsumer Staples0.05%
157PNB Housing Finance LimitedFinancial Services0.05%
158Bharat Petroleum Corporation LimitedEnergy0.04%
159Indian BankFinancial Services0.04%
160Colgate Palmolive (India) LimitedConsumer Staples0.04%
161Cholamandalam Investment and Finance Company LimitedFinancial Services0.04%
162Polycab India LimitedIndustrials0.04%
163NBCC (India) LimitedIndustrials0.04%
164National Aluminium Company LimitedMaterials0.03%
165Info Edge (India) LimitedConsumer Discretionary0.03%
166Central Depository Services (India) LimitedFinancial Services0.03%
167Kaynes Technology India LimitedIndustrials0.03%
168Voltas LimitedConsumer Discretionary0.03%
169Mankind Pharma LimitedHealthcare0.03%
170Cochin Shipyard LimitedIndustrials0.03%
171Kalyan Jewellers India LimitedConsumer Discretionary0.03%
172Supreme Industries LimitedIndustrials0.02%
173Bharat Forge LimitedConsumer Discretionary0.02%
174Oracle Financial Services Software LimitedInformation Technology0.02%
175UNO Minda LimitedConsumer Discretionary0.02%
176Titan Company LimitedConsumer Discretionary0.02%
177SRF LimitedMaterials0.01%
17891 Days Treasury Billstbill0.01%
179Suzlon Energy LimitedIndustrials0.01%
180Bajaj Auto LimitedConsumer Discretionary0.01%
181Jubilant Foodworks LimitedConsumer Discretionary0.01%
182Dr. Reddy's Laboratories LimitedHealthcare0.01%
183PG Electroplast LimitedConsumer Discretionary0.01%
184Computer Age Management Services LimitedFinancial Services0.01%
185Rail Vikas Nigam LimitedIndustrials0.01%
186Delhivery LimitedServices0%
187Max Healthcare Institute LimitedHealthcare0%
188Amber Enterprises India LimitedConsumer Discretionary0%
189Prestige Estates Projects LimitedReal Estate0%
190Motilal Oswal Financial Services LimitedFinancial Services0%
191KPIT Technologies LimitedInformation Technology0%
192NHPC LimitedUtilities0%
193ICICI Lombard General Insurance Company LimitedFinancial Services0%
194MphasiS LimitedInformation Technology0%
195Angel One LimitedFinancial Services0%
196TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond0%
197United Spirits LimitedConsumer Staples0%
198FSN E-Commerce Ventures LimitedConsumer Discretionary0%
199Net Current Assetsother-1.01%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 4.31% of ICICI Prudential Arbitrage Fund's net assets — its number 1 holding.
Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 3.61% of ICICI Prudential Arbitrage Fund's net assets — its number 2 holding.
Yes. As of its 31 July 2026 disclosure, Vodafone Idea Limited is 3.28% of ICICI Prudential Arbitrage Fund's net assets — its number 3 holding.
Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.05% of ICICI Prudential Arbitrage Fund's net assets — its number 4 holding.
Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 2.35% of ICICI Prudential Arbitrage Fund's net assets — its number 5 holding.

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.