ICICI Prudential Equity Minimum Variance Fund holds 38 instruments (88.96% equity), led by Kotak Mahindra Bank Limited (9.7%), Reliance Industries Limited (9.69%) and HDFC Bank Limited (7.23%), as of its 30 September 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 30 September 2026. The fund holds 38 instruments with an equity allocation of 88.96%. 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 59.58% of its portfolio, more concentrated than the Equity category average of 37%. Financial Services is its largest sector exposure at 39.21% of net assets, spread across 10 sectors in total. Since its 31 August 2026 disclosure, the fund added 5 new positions and exited 3 positions, with State Bank of India seeing the largest move (-2.83pp to 4.31%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
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 |
|---|---|---|
| Apollo Hospitals Enterprise Limited | 0.5% → 2.5% | ▲ +2 |
| NTPC Limited | 3.76% → 4.87% | ▲ +1.11 |
| Tata Consultancy Services Limited | 0.62% → 1.46% | ▲ +0.84 |
| Kotak Mahindra Bank Limited | 8.95% → 9.7% | ▲ +0.75 |
| HDFC Bank Limited | 6.63% → 7.23% | ▲ +0.6 |
| ITC Limited | 4.3% → 4.82% | ▲ +0.52 |
| Hindustan Unilever Limited | 4.16% → 4.6% | ▲ +0.44 |
| TATA CONSUMER PRODUCTS LIMITED | 2.12% → 2.31% | ▲ +0.19 |
| Godrej Consumer Products Limited | 1.74% → 1.91% | ▲ +0.17 |
| Reliance Industries Limited | 9.56% → 9.69% | ▲ +0.13 |
| Stock | Weight | Change |
|---|---|---|
| State Bank of India | 7.14% → 4.31% | ▼ -2.83 |
| Larsen & Toubro Limited | 5.08% → 2.3% | ▼ -2.78 |
| Axis Bank Limited | 9.24% → 7% | ▼ -2.24 |
| UltraTech Cement Limited | 2.36% → 1.12% | ▼ -1.24 |
| HDFC Life Insurance Company Limited | 3.03% → 2.55% | ▼ -0.48 |
| Bajaj Finserv Limited | 2.65% → 2.47% | ▼ -0.18 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | Kotak Mahindra Bank Limited | Financial Services | 9.7% |
| 2 | Reliance Industries Limited | Energy | 9.69% |
| 3 | HDFC Bank Limited | Financial Services | 7.23% |
| 4 | Axis Bank Limited | Financial Services | 7% |
| 5 | NTPC Limited | Utilities | 4.87% |
| 6 | ITC Limited | Consumer Staples | 4.82% |
| 7 | Hindustan Unilever Limited | Consumer Staples | 4.6% |
| 8 | TREPStreps | — | 4.49% |
| 9 | State Bank of India | Financial Services | 4.31% |
| 10 | Asian Paints Limited | Consumer Discretionary | 4.12% |
| 11 | ICICI Bank Limited | Financial Services | 3.24% |
| 12 | 91 Days Treasury Billstbill | — | 2.86% |
| 13 | HDFC Life Insurance Company Limited | Financial Services | 2.55% |
| 14 | Apollo Hospitals Enterprise Limited | Healthcare | 2.5% |
| 15 | Bajaj Finserv Limited | Financial Services | 2.47% |
| 16 | TATA CONSUMER PRODUCTS LIMITED | Consumer Staples | 2.31% |
| 17 | Larsen & Toubro Limited | Industrials | 2.3% |
| 18 | Godrej Consumer Products Limited | Consumer Staples | 1.91% |
| 19 | 91 Days Treasury Billsbond | — | 1.9% |
| 20 | Bajaj Auto Limited | Consumer Discretionary | 1.77% |
| 21 | Life Insurance Corporation Of India | Financial Services | 1.61% |
| 22 | Tata Consultancy Services Limited | Information Technology | 1.46% |
| 23 | Coal India Limited | Energy | 1.26% |
| 24 | Grasim Industries Limited | Materials | 1.16% |
| 25 | Power Grid Corporation of India Limited | Utilities | 1.16% |
| 26 | UltraTech Cement Limited | Materials | 1.12% |
| 27 | Bajaj Holdings & Investment Limited | Financial Services | 1.1% |
| 28 | Trent Limited | Consumer Discretionary | 1.07% |
| 29 | Nestle India Limited | Consumer Staples | 1.07% |
| 30 | 364 Days Treasury Billstbill | — | 0.81% |
| 31 | Infosys Limited | Information Technology | 0.81% |
| 32 | Britannia Industries Limited | Consumer Staples | 0.79% |
| 33 | Bharti Airtel Limited | Telecommunication | 0.72% |
| 34 | 364 Days Treasury Billstbill | — | 0.48% |
| 35 | 91 Days Treasury Billsbond | — | 0.44% |
| 36 | Cash Margin - Derivativesother | — | 0.24% |
| 37 | Maruti Suzuki India Limited | Consumer Discretionary | 0.24% |
| 38 | Net Current Assetsother | — | -0.19% |
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 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.