ICICI Pru Equity Minimum Variance Fund
The scheme seeks to generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility.
Growthvine rating: 3/5 — ranked #61 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹9.89 (as of 2026-10-23) |
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| AUM | ₹2,451 Cr |
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| Expense ratio | 1.71% |
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| Riskometer | Very High |
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| Fund manager | Aatur Shah |
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| Exit load | 1% for redemption within 1 month |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −14.20% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 77.2% of Nifty 500's upside and 72.8% of its downside.
Market cap allocation
| Large cap | 100.0% |
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| Mid cap | 0.0% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 38.5% |
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| Top 10 holdings | 59.6% |
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| Total holdings | 30 |
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Top holdings
- Kotak Mahindra Bank Ltd. — 9.7%
- Reliance Industries Ltd — 9.7%
- HDFC Bank Ltd. — 7.2%
- AXIS Bank Ltd. — 7.0%
- NTPC Limited — 4.9%
- ITC Ltd — 4.8%
- Hindustan Unilever Ltd. — 4.6%
- TREPS — 4.5%
- State Bank Of India — 4.3%
- Asian Paints Ltd. — 4.1%
Top sectors
- Banking & Financial — 31.5%
- FMCG — 11.3%
- Petroleum Products — 10.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −10.7% | Q3 | #126 of 167 |
| 2025 | 12.9% | Q1 (Top) | #13 of 132 |