ICICI Prudential Equity Minimum Variance Fund Direct Growth

Fund Overview

Fund Size

₹3,624 Cr

Expense Ratio

0.60%

ISIN

INF109KC10Y6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

06 Dec 2024

About this fund

This fund has been in existence for 6 months and 3 days, having been launched on 06-Dec-24.
As of 06-Jun-25, it has a Net Asset Value (NAV) of ₹10.52, Assets Under Management (AUM) of 3624.25 Crores, and an expense ratio of 0.6%.

ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of 5.20% since inception.
The fund's asset allocation comprises around 84.10% in equities, 0.00% in debts, and 15.90% in cash & cash equivalents.
You can start investing in ICICI Prudential Equity Minimum Variance Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

Since Inception

+5.20%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2025

Equity	₹3,047.85 Cr	84.10%
Others	₹576.4 Cr	15.90%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Treps	Cash - Repurchase Agreement	₹401.21 Cr	11.07%
Reliance Industries Ltd	Equity	₹345.57 Cr	9.53%
HDFC Bank Ltd	Equity	₹250.32 Cr	6.91%
ICICI Bank Ltd	Equity	₹204.86 Cr	5.65%
Tata Consultancy Services Ltd	Equity	₹185.63 Cr	5.12%
ITC Ltd	Equity	₹153.94 Cr	4.25%
Larsen & Toubro Ltd	Equity	₹151.49 Cr	4.18%
Sun Pharmaceuticals Industries Ltd	Equity	₹146.45 Cr	4.04%
Axis Bank Ltd	Equity	₹122.43 Cr	3.38%
Bharti Airtel Ltd	Equity	₹114.48 Cr	3.16%
Maruti Suzuki India Ltd	Equity	₹111.12 Cr	3.07%
UltraTech Cement Ltd	Equity	₹102.15 Cr	2.82%
State Bank of India	Equity	₹99.17 Cr	2.74%
HDFC Life Insurance Co Ltd	Equity	₹94.88 Cr	2.62%
Cash Margin - Derivatives	Cash - Collateral	₹88 Cr	2.43%
Hindustan Unilever Ltd	Equity	₹83.82 Cr	2.31%
Cipla Ltd	Equity	₹80.39 Cr	2.22%
Power Grid Corp Of India Ltd	Equity	₹75.72 Cr	2.09%
NTPC Ltd	Equity	₹74.31 Cr	2.05%
SBI Life Insurance Co Ltd	Equity	₹73.59 Cr	2.03%
Dr Reddy's Laboratories Ltd	Equity	₹71.37 Cr	1.97%
Infosys Ltd	Equity	₹64.69 Cr	1.79%
Hero MotoCorp Ltd	Equity	₹62.06 Cr	1.71%
Britannia Industries Ltd	Equity	₹57.58 Cr	1.59%
HCL Technologies Ltd	Equity	₹47.73 Cr	1.32%
Brookfield India Real Estate Trust	Equity - REIT	₹39.16 Cr	1.08%
Eicher Motors Ltd	Equity	₹37.1 Cr	1.02%
India (Republic of)	Bond - Short-term Government Bills	₹35.59 Cr	0.98%
Asian Paints Ltd	Equity	₹33.95 Cr	0.94%
Bajaj Auto Ltd	Equity	₹33.38 Cr	0.92%
India (Republic of)	Bond - Short-term Government Bills	₹29.7 Cr	0.82%
Tech Mahindra Ltd	Equity	₹29.58 Cr	0.82%
Wipro Ltd	Equity	₹28.25 Cr	0.78%
Trent Ltd	Equity	₹26.69 Cr	0.74%
364 DTB 18072025	Bond - Gov't/Treasury	₹26.66 Cr	0.74%
Titan Co Ltd	Equity	₹21.31 Cr	0.59%
Nestle India Ltd	Equity	₹15.05 Cr	0.42%
Oil & Natural Gas Corp Ltd	Equity	₹12.26 Cr	0.34%
Net Current Assets	Cash	₹-5.76 Cr	0.16%
Reliance Industries Ltd.	Equity - Future	₹-2.63 Cr	0.07%
91 Days Tbill	Bond - Gov't/Treasury	₹1 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹845.25 Cr	23.32%
Energy	₹357.83 Cr	9.87%
Technology	₹355.88 Cr	9.82%
Consumer Defensive	₹310.39 Cr	8.56%
Healthcare	₹298.21 Cr	8.23%
Consumer Cyclical	₹291.67 Cr	8.05%
Industrials	₹151.49 Cr	4.18%
Utilities	₹150.03 Cr	4.14%
Basic Materials	₹136.1 Cr	3.76%
Communication Services	₹114.48 Cr	3.16%

Risk & Performance Ratios

Fund Managers

Vaibhav Dusad

Since December 2024

Nitya Mishra

Since December 2024

Additional Scheme Detailsas of 30th April 2025

ISIN

INF109KC10Y6

Expense Ratio

0.60%

Exit Load

1.00%

Fund Size

₹3,624 Cr

Age

6 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 50 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Motilal Oswal Nifty India Manufacturing ETF Very High Risk	-	-	-	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	-	1.0%	-	-
ICICI Prudential Quality Fund Regular Growth Very High Risk	-	1.0%	-	-
Motilal Oswal Nifty Capital Market ETF Very High Risk	0.3%	-	₹5.60 Cr	-
Mirae Asset BSE Select IPO ETF Very High Risk	0.2%	-	₹15.79 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹8.34 Cr	-
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹8.34 Cr	-
Motilal Oswal Active Momentum Fund Direct Growth Very High Risk	2.6%	1.0%	₹53.12 Cr	-
Motilal Oswal Active Momentum Fund Regular Growth Very High Risk	2.7%	1.0%	₹53.12 Cr	-
Nippon India Active Momentum Fund Regular Growth Very High Risk	1.7%	1.0%	₹150.24 Cr	-
Nippon India Active Momentum Fund Direct Growth Very High Risk	0.7%	1.0%	₹150.24 Cr	-
Groww Nifty 200 ETF Very High Risk	0.3%	-	₹10.72 Cr	-
Groww Nifty 200 ETF FoF Direct Growth Very High Risk	0.1%	1.0%	₹3.47 Cr	-
Groww Nifty 200 ETF FoF Regular Growth Very High Risk	0.7%	1.0%	₹3.47 Cr	-
Invesco India Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹300.27 Cr	-
Invesco India Business Cycle Fund Regular Growth Very High Risk	2.4%	0.0%	₹300.27 Cr	-
Kotak MSCI India ETF Very High Risk	0.4%	-	₹1055.92 Cr	-
Motilal Oswal Innovation Opportunities Fund Direct Growth Very High Risk	1.3%	1.0%	₹158.61 Cr	-
Motilal Oswal Innovation Opportunities Fund Regular Growth Very High Risk	2.5%	1.0%	₹158.61 Cr	-
Groww Nifty India Railways PSU ETF Very High Risk	0.5%	-	₹29.04 Cr	-
ICICI Prudential Rural Opportunities Fund Regular Growth Moderate Risk	2.1%	1.0%	₹1359.86 Cr	-
ICICI Prudential Rural Opportunities Fund Direct Growth Moderate Risk	0.9%	1.0%	₹1359.86 Cr	-
WhiteOak Capital Quality Equity Fund Direct Growth Very High Risk	0.6%	1.0%	₹413.16 Cr	-
WhiteOak Capital Quality Equity Fund Regular Growth Very High Risk	2.4%	1.0%	₹413.16 Cr	-
UTI Quant Fund Regular Growth Very High Risk	2.0%	1.0%	₹1562.68 Cr	-
UTI Quant Fund Direct Growth Very High Risk	0.3%	1.0%	₹1562.68 Cr	-
ICICI Prudential Nifty Auto ETF Very High Risk	0.2%	-	₹121.22 Cr	-2.3%
ICICI Prudential Nifty 200 Quality 30 ETF Very High Risk	0.3%	-	₹175.70 Cr	4.5%
ICICI Prudential Nifty Alpha Low Volatility 30 ETF Very High Risk	0.4%	-	₹1749.86 Cr	-0.8%
Mirae Asset Nifty India New Age Consumption ETF Very High Risk	0.3%	-	₹25.49 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Regular Growth Very High Risk	0.9%	0.0%	₹12.94 Cr	-
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹12.94 Cr	-
Edelweiss BSE Capital Markets & Insurance ETF Very High Risk	0.2%	-	₹11.83 Cr	-
Aditya Birla Sun Life Conglomerate Fund Regular Growth Very High Risk	2.1%	0.0%	₹1494.29 Cr	-
Aditya Birla Sun Life Conglomerate Fund Direct Growth Very High Risk	0.6%	0.0%	₹1494.29 Cr	-
SBI Quant Fund Regular Growth Very High Risk	1.9%	0.0%	₹3698.49 Cr	-
SBI Quant Fund Direct Growth Very High Risk	0.7%	0.0%	₹3698.49 Cr	-
Quantum Ethical Fund Direct Growth Very High Risk	0.8%	1.0%	₹51.25 Cr	-
Quantum Ethical Fund Regular Growth Very High Risk	2.1%	1.0%	₹51.25 Cr	-
Union Active Momentum Fund Direct Growth Very High Risk	1.1%	1.0%	₹420.62 Cr	-
Union Active Momentum Fund Regular Growth Very High Risk	2.4%	1.0%	₹420.62 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.7%	0.0%	₹1028.85 Cr	-
DSP Business Cycle Fund Regular Growth Very High Risk	2.2%	0.0%	₹1028.85 Cr	-
Axis Momentum Fund Regular Growth Very High Risk	2.1%	1.0%	₹1293.21 Cr	-
Axis Momentum Fund Direct Growth Very High Risk	0.5%	1.0%	₹1293.21 Cr	-
Kotak Transportation & Logistics Fund Direct Growth Very High Risk	0.8%	0.0%	₹364.98 Cr	-
Kotak Transportation & Logistics Fund Regular Growth Very High Risk	2.4%	0.0%	₹364.98 Cr	-
ICICI Prudential Equity Minimum Variance Fund Regular Growth Very High Risk	1.9%	1.0%	₹3624.25 Cr	-
ICICI Prudential Equity Minimum Variance Fund Direct Growth Very High Risk	0.6%	1.0%	₹3624.25 Cr	-
Shriram Multi Sector Rotation Fund Regular Growth Very High Risk	2.4%	1.0%	₹194.63 Cr	-

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of ICICI Prudential Equity Minimum Variance Fund Direct Growth?

The NAV of ICICI Prudential Equity Minimum Variance Fund Direct Growth, as of 06-Jun-2025, is ₹10.52.

What is the portfolio composition of ICICI Prudential Equity Minimum Variance Fund Direct Growth?

The fund's allocation of assets is distributed as 84.10% in equities, 0.00% in bonds, and 15.90% in cash and cash equivalents.

Who manages the ICICI Prudential Equity Minimum Variance Fund Direct Growth?

The fund managers responsible for ICICI Prudential Equity Minimum Variance Fund Direct Growth are:-

Vaibhav Dusad
Nitya Mishra

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹3,624 Cr

Expense Ratio

0.60%

ISIN

INF109KC10Y6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

06 Dec 2024

Risk Level

Your principal amount will be at Very High Risk