ICICI Prudential Equity Savings Fund
The fund is doubling down on quality blue-chip exposure with modest equity tilt, evidenced by the 2.8 percentage point surge in Sun Pharma and introduction of covered call strategies on large-caps. Banking concentration at 17 percent and self-referential mutual fund holdings at 17 percent signal confidence in rate stability and liquidity management rather than growth dynamism. The manager's disciplined pruning of smaller positions and shift toward defensive sectors like pharmaceuticals suggest positioning for modest returns in a moderating equity environment.
Portfolio analysis · April 2026
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 |
|---|---|
| Hero Motocorp Ltd. | 0.11% |
| Hindustan Petroleum Corporation Ltd. | 0.03% |
| HDFC Life Insurance Company Ltd (Covered call) $$ | -0.01% |
| Sun Pharmaceutical Industries Ltd. (Covered call) $$ | -0.01% |
| Sun Pharmaceutical Industries Ltd. (Covered call) $$ | -0.01% |
| Tata Consultancy Services Ltd. (Covered call) $$ | -0.01% |
| ITC Ltd. (Covered call) $$ | -0.01% |
| HDFC Bank Ltd. (Covered call) $$ | -0.01% |
| Infosys Ltd. (Covered call) $$ | -0.01% |
| Sun Pharmaceutical Industries Ltd. (Covered call) $$ | -0.02% |
| Reliance Industries Ltd. (Covered call) $$ | -0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Prudential Savings Fund - Direct - Growth INF109K01O82 | 9.32% |
| 2 | HDFC Bank Ltd. INE040A01034 | 7.97% |
| 3 | ICICI Prudential Money Market fund - Direct Plan - Growth Option INF109K01R14 | 7.89% |
| 4 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 5.90% |
| 5 | Reliance Industries Ltd. INE002A01018 | 5.86% |
| 6 | Kotak Mahindra Bank Ltd. INE237A01036 | 3.38% |
| 7 | TREPS | 3.21% |
| 8 | ITC Ltd. INE154A01025 | 2.92% |
| 9 | ICICI Bank Ltd. INE090A01021 | 2.91% |
| 10 | Mahindra & Mahindra Ltd. INE101A01026 | 2.50% |
| 11 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | 2.34% |
| 12 | NTPC Ltd. INE733E01010 | 2.25% |
| 13 | Tata Consultancy Services Ltd. INE467B01029 | 2.10% |
| 14 | Bajaj Finance Ltd. INE296A01032 | 2.06% |
| 15 | Hindustan Unilever Ltd. INE030A01027 | 2.04% |
| 16 | Larsen & Toubro Ltd. INE018A01030 | 1.89% |
| 17 | HDFC Life Insurance Company Ltd. INE795G01014 | 1.88% |
| 18 | Bharti Airtel Ltd. INE397D01024 | 1.80% |
| 19 | Tata Steel Ltd. INE081A01020 | 1.66% |
| 20 | Infosys Ltd. INE009A01021 | 1.64% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Equity Savings Fund hold?
ICICI Prudential Equity Savings Fund holds 119 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 36.93% of NAV.
What is the largest holding in ICICI Prudential Equity Savings Fund?
The largest position in ICICI Prudential Equity Savings Fund is ICICI Prudential Savings Fund - Direct - Growth, accounting for 9.32% of NAV in the Mutual Fund sector.
Is ICICI Prudential Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.712, ICICI Prudential Equity Savings Fund is highly concentrated. The HHI concentration index is 37,351 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 36.93% of the portfolio.
What is the market cap allocation of ICICI Prudential Equity Savings Fund?
Based on SEBI's AMFI classification, ICICI Prudential Equity Savings Fund's equity portfolio is split as: Large Cap: 63.45%, Mid Cap: 2.23%, Small Cap: 0.46%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Equity Savings Fund invest in most?
ICICI Prudential Equity Savings Fund has the highest allocation to Mutual Fund (17.21%), Banks (16.93%), Pharmaceuticals & Biotechnology (7.46%). The fund is invested across 38 sectors in total.
How actively managed is ICICI Prudential Equity Savings Fund compared to other Equity Savings funds?
ICICI Prudential Equity Savings Fund has an Active Share of 55.52%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Equity Savings Fund added 11 new stocks (including Hero Motocorp Ltd.) and exited 3 stocks (including Vedanta Ltd.). Total holding count increased from 122 to 130 stocks.