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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹439.2400 | -0.35% | — | — | — | — | — |
| Regular Growth | ₹393.9800 | -0.40% | -3.45% | -3.61% | +2.87% | +16.56% | +17.15% |
Portfolio Metrics(latest month)
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.