ICICI Prudential ELSS Tax Saver Fund
The fund remains heavily tilted toward large-cap financial services, with banking stocks commanding over a fifth of the portfolio—a defensive posture betting on steady dividend yields and economic stability. Recent portfolio tweaks, including exits from cyclical heavy equipment and entry into consumer staples alongside treasury bills, suggest the manager is cautiously trimming cyclical exposure while building a modest liquidity cushion ahead of potential market volatility. The flat monthly return reflects the fund's mature, quality-focused positioning rather than aggressive growth chasing.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹996.0000 | -1.06% | — | — | — | — | — |
| Regular Growth | ₹892.7000 | -1.11% | -5.71% | -7.55% | -1.19% | +13.53% | +12.94% |
| Direct IDCW | ₹43.4800 | -1.05% | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| UPL Ltd. | 0.30% |
| Havells India Ltd. | 0.15% |
| Kwality Walls India Ltd. | 0.01% |
| 91 Days Treasury Bills | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 7.32% |
| 2 | HDFC Bank Ltd. INE040A01034 | 6.94% |
| 3 | Axis Bank Ltd. INE238A01034 | 6.00% |
| 4 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 5.87% |
| 5 | Reliance Industries Ltd. INE002A01018 | 5.68% |
| 6 | Avenue Supermarts Ltd. INE192R01011 | 5.55% |
| 7 | Larsen & Toubro Ltd. INE018A01030 | 4.73% |
| 8 | NTPC Ltd. INE733E01010 | 3.97% |
| 9 | TVS Motor Company Ltd. INE494B01023 | 3.94% |
| 10 | Maruti Suzuki India Ltd. INE585B01010 | 3.56% |
| 11 | TREPS | 3.23% |
| 12 | Bharti Airtel Ltd. INE397D01024 | 2.66% |
| 13 | SBI Life Insurance Company Ltd. INE123W01016 | 1.86% |
| 14 | Infosys Ltd. INE009A01021 | 1.85% |
| 15 | Ultratech Cement Ltd. INE481G01011 | 1.79% |
| 16 | State Bank Of India INE062A01020 | 1.60% |
| 17 | Eternal Ltd. INE758T01015 | 1.53% |
| 18 | PVR INOX Ltd. INE191H01014 | 1.36% |
| 19 | SBI Cards & Payment Services Ltd. INE018E01016 | 1.30% |
| 20 | Syngene International Ltd. INE398R01022 | 1.27% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.