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 #60 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹9.93 (as of 2026-10-01) |
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| AUM | ₹2,672 Cr |
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| Expense ratio | 1.69% |
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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 | 98.7% |
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| Mid cap | 1.3% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 41.5% |
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| Top 10 holdings | 63.0% |
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| Total holdings | 29 |
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Top holdings
- Reliance Industries Ltd — 9.6%
- AXIS Bank Ltd. — 9.2%
- Kotak Mahindra Bank Ltd. — 8.9%
- TREPS — 8.3%
- State Bank Of India — 7.1%
- HDFC Bank Ltd. — 6.6%
- Larsen & Toubro Limited — 5.1%
- ITC Ltd — 4.3%
- Asian Paints Ltd. — 4.2%
- Hindustan Unilever Ltd. — 4.2%
Top sectors
- Banking & Financial — 35.2%
- Petroleum Products — 9.6%
- FMCG — 8.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −10.4% | Q4 (Bottom) | #148 of 167 |
| 2025 | 12.9% | Q1 (Top) | #13 of 132 |