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 #58 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.58 (as of 2026-08-21) |
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| AUM | ₹2,836 Cr |
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| Expense ratio | 1.68% |
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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 79.4% of Nifty 500's upside and 70.6% of its downside.
Market cap allocation
| Large cap | 98.8% |
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| Mid cap | 1.2% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 38.0% |
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| Top 10 holdings | 57.8% |
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| Total holdings | 32 |
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Top holdings
- Reliance Industries Ltd — 9.9%
- AXIS Bank Ltd. — 8.0%
- Kotak Mahindra Bank Ltd. — 6.9%
- HDFC Bank Ltd. — 6.6%
- State Bank Of India — 6.5%
- Larsen & Toubro Limited — 5.6%
- TREPS — 4.6%
- ITC Ltd — 4.0%
- ICICI Bank Ltd. — 3.5%
- Asian Paints Ltd. — 3.4%
Top sectors
- Banking & Financial — 32.9%
- Construction — 10.4%
- Petroleum Products — 9.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | -4.5% | Q4 (Bottom) | #156 of 167 |
| 2025 | 12.9% | Q1 (Top) | #13 of 132 |