ICICI Prudential Large & Mid Cap Fund
The fund maintains a defensively tilted large-cap bias with nearly 27% committed to banking and financial services, signaling conviction in resilient sectors during uncertain markets. Recent portfolio churn—adding consumer staples like Britannia and materials plays while trimming auto and industrials—suggests the manager is rotating toward stability and domestic consumption themes. The elevated cash position of 4.8% alongside modest monthly returns indicates a cautious stance, preferring optionality over full deployment in the current environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹1116.3600 | -2.15% | — | — | — |
| Regular Growth | ₹992.2300 | -2.21% | -0.06% | +18.16% | +18.51% |
| Direct IDCW | ₹52.1500 | -2.16% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Havells India Ltd. | 0.29% |
| Britannia Industries Ltd. | 0.19% |
| Vedanta Aluminium Metal Ltd. | 0.15% |
| Vedanta Iron And Steel Ltd. | 0.15% |
| Malco Energy Ltd. | 0.15% |
| Talwandi Sabo Power Ltd. | 0.15% |
| Nifty 50 Index Put option $$ | 0.01% |
| 182 Days Treasury Bills | 0.06% |
| 91 Days Treasury Bills | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.41% |
| 2 | TREPS | 5.13% |
| 3 | SBI Cards & Payment Services Ltd. INE018E01016 | 4.70% |
| 4 | Bajaj Finserv Ltd. INE918I01026 | 3.63% |
| 5 | Page Industries Ltd. INE761H01022 | 3.62% |
| 6 | Axis Bank Ltd. INE238A01034 | 3.55% |
| 7 | IndusInd Bank Ltd. INE095A01012 | 3.19% |
| 8 | Interglobe Aviation Ltd. INE646L01027 | 3.15% |
| 9 | FSN E-Commerce Ventures Ltd. INE388Y01029 | 2.99% |
| 10 | Sona Blw Precision Forgings Ltd. INE073K01018 | 2.87% |
| 11 | Info Edge (India) Ltd. INE663F01032 | 2.80% |
| 12 | ICICI Bank Ltd. INE090A01021 | 2.50% |
| 13 | Maruti Suzuki India Ltd. INE585B01010 | 2.43% |
| 14 | Oberoi Realty Ltd. INE093I01010 | 2.30% |
| 15 | Infosys Ltd. INE009A01021 | 2.19% |
| 16 | United Breweries Ltd. INE686F01025 | 1.99% |
| 17 | Alkem Laboratories Ltd. INE540L01014 | 1.96% |
| 18 | Shree Cements Ltd. INE070A01015 | 1.90% |
| 19 | ICICI Prudential Life Insurance Company Ltd. INE726G01019 | 1.84% |
| 20 | HDB Financial Services Ltd. INE756I01012 | 1.74% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Large & Mid Cap Fund hold?
ICICI Prudential Large & Mid Cap Fund holds 90 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 20.91% of NAV.
What is the largest holding in ICICI Prudential Large & Mid Cap Fund?
The largest position in ICICI Prudential Large & Mid Cap Fund is HDFC Bank Ltd., accounting for 5.41% of NAV in the Banks sector.
Is ICICI Prudential Large & Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.525, ICICI Prudential Large & Mid Cap Fund is moderately concentrated. The HHI concentration index is 21,168 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 20.91% of the portfolio.
What is the market cap allocation of ICICI Prudential Large & Mid Cap Fund?
Based on SEBI's AMFI classification, ICICI Prudential Large & Mid Cap Fund's equity portfolio is split as: Large Cap: 36.74%, Mid Cap: 38.08%, Small Cap: 17.78%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Large & Mid Cap Fund invest in most?
ICICI Prudential Large & Mid Cap Fund has the highest allocation to Banks (15.58%), Finance (11.30%), Retailing (9.01%). The fund is invested across 36 sectors in total.
How actively managed is ICICI Prudential Large & Mid Cap Fund compared to other Large & Mid Cap Fund funds?
ICICI Prudential Large & Mid Cap Fund has an Active Share of 71.54%, classifying it as "Highly Differentiated" among 33 Large & Mid Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ICICI Prudential Large & Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Large & Mid Cap Fund added 9 new stocks (including Havells India Ltd.) and exited 11 stocks (including Tube Investments of India Ltd.). Total holding count decreased from 95 to 93 stocks.