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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹1002.6300 | -2.14% | — | — | — |
| Regular Growth | ₹898.6300 | -2.18% | -2.23% | +13.76% | +13.09% |
| Direct IDCW | ₹43.7700 | -2.12% | — | — | — |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does ICICI Prudential ELSS Tax Saver Fund hold?
ICICI Prudential ELSS Tax Saver Fund holds 92 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.81% of NAV.
What is the largest holding in ICICI Prudential ELSS Tax Saver Fund?
The largest position in ICICI Prudential ELSS Tax Saver Fund is ICICI Bank Ltd., accounting for 7.32% of NAV in the Banks sector.
Is ICICI Prudential ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.657, ICICI Prudential ELSS Tax Saver Fund is highly concentrated. The HHI concentration index is 34,759 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.81% of the portfolio.
What is the market cap allocation of ICICI Prudential ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, ICICI Prudential ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 73.34%, Mid Cap: 6.42%, Small Cap: 17.03%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential ELSS Tax Saver Fund invest in most?
ICICI Prudential ELSS Tax Saver Fund has the highest allocation to Banks (22.58%), Retailing (9.17%), Pharmaceuticals & Biotechnology (8.92%). The fund is invested across 34 sectors in total.
How actively managed is ICICI Prudential ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
ICICI Prudential ELSS Tax Saver Fund has an Active Share of 58.04%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential ELSS Tax Saver Fund added 4 new stocks (including UPL Ltd.) and exited 2 stocks (including Bharat Heavy Electricals Ltd.). Total holding count increased from 92 to 94 stocks.