ICICI Prudential Equity & Debt Fund
The fund maintains a classic large-cap tilt with banking stocks anchoring 16% of equity exposure, positioning for steady dividend returns and economic resilience. However, the manager's recent churn—trimming energy names like JSW Energy and IT software while adding defensive plays like Gujarat Gas and insurance—suggests a tactical shift toward slower-growth but stable businesses. The material reduction in cash and pivot to money-market instruments indicate conviction in maintaining equity exposure while hedging near-term volatility through higher fixed-income allocation.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹442.0100 | -1.15% | — | — | — |
| Regular Growth | ₹396.4500 | -1.19% | +2.21% | +16.69% | +17.29% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Pidilite Industries Ltd. | 0.17% |
| Powerica Ltd | 0.15% |
| Gujarat Gas Ltd. | 0.13% |
| Canara HSBC Life Insurance Co Ltd | 0.12% |
| SIEMENS ENERGY INDIA LTD | 0.12% |
| Container Corporation Of India Ltd. | 0.11% |
| Mahanagar Gas Ltd. | 0.04% |
| Deepak Fertilizers and Petrochemicals Corporation Ltd. | 0.04% |
| Berger Paints India Ltd. | 0.03% |
| Hindustan Aeronautics Ltd. | 0.03% |
| Tata Consumer Products Ltd. | 0.01% |
| Muthoot Finance Ltd. ** | 0.55% |
| Manappuram Finance Ltd. ** | 0.30% |
| Union Bank Of India ** | 0.28% |
| 182 Days Treasury Bills | 0.15% |
| 182 Days Treasury Bills | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.62% |
| 2 | Reliance Industries Ltd. INE002A01018 | 5.07% |
| 3 | ICICI Bank Ltd. INE090A01021 | 4.87% |
| 4 | NTPC Ltd. INE733E01010 | 4.34% |
| 5 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 4.33% |
| 6 | Avenue Supermarts Ltd. INE192R01011 | 2.88% |
| 7 | Axis Bank Ltd. INE238A01034 | 2.83% |
| 8 | TREPS | 2.80% |
| 9 | TVS Motor Company Ltd. INE494B01023 | 2.76% |
| 10 | Interglobe Aviation Ltd. INE646L01027 | 2.23% |
| 11 | Tata Consultancy Services Ltd. INE467B01029 | 2.04% |
| 12 | Hindustan Unilever Ltd. INE030A01027 | 1.82% |
| 13 | Maruti Suzuki India Ltd. INE585B01010 | 1.74% |
| 14 | Bharti Airtel Ltd. INE397D01024 | 1.70% |
| 15 | Larsen & Toubro Ltd. INE018A01030 | 1.57% |
| 16 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 1.37% |
| 17 | ITC Ltd. INE154A01025 | 1.33% |
| 18 | Eternal Ltd. INE758T01015 | 1.24% |
| 19 | Government Securities IN0020250018 | 1.17% |
| 20 | SBI Life Insurance Company Ltd. INE123W01016 | 1.10% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Equity & Debt Fund hold?
ICICI Prudential Equity & Debt Fund holds 230 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.23% of NAV.
What is the largest holding in ICICI Prudential Equity & Debt Fund?
The largest position in ICICI Prudential Equity & Debt Fund is HDFC Bank Ltd., accounting for 5.62% of NAV in the Banks sector.
Is ICICI Prudential Equity & Debt Fund a concentrated or diversified fund?
With a Gini coefficient of 0.647, ICICI Prudential Equity & Debt Fund is moderately concentrated. The HHI concentration index is 19,023 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.23% of the portfolio.
What is the market cap allocation of ICICI Prudential Equity & Debt Fund?
Based on SEBI's AMFI classification, ICICI Prudential Equity & Debt Fund's equity portfolio is split as: Large Cap: 60.03%, Mid Cap: 6.57%, Small Cap: 6.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Equity & Debt Fund invest in most?
ICICI Prudential Equity & Debt Fund has the highest allocation to Banks (15.74%), SOV (8.38%), Pharmaceuticals & Biotechnology (5.84%). The fund is invested across 57 sectors in total.
How actively managed is ICICI Prudential Equity & Debt Fund compared to other Aggressive Hybrid Fund funds?
ICICI Prudential Equity & Debt Fund has an Active Share of 58.88%, classifying it as "Active Stock Picker" among 28 Aggressive Hybrid Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Equity & Debt Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Equity & Debt Fund added 16 new stocks (including Pidilite Industries Ltd.) and exited 19 stocks (including JSW Energy Ltd). Total holding count decreased from 236 to 233 stocks.