ICICI Prudential Multi-Asset Fund
The fund is defensively positioned with a 10.9% gold allocation and elevated cash cushion, signaling caution amid market uncertainty while maintaining 70% equity exposure for growth. Banking sector concentration at nearly 13% reflects a conviction in financial stability, though the manager reduced yield exposure by cutting short-term treasury bills in favor of gold and cash—a tilt toward preservation over income. Fresh positions in metals and power stocks hint at a tactical pivot toward cyclical recovery plays, suggesting the manager expects selective rebounds within a measured, balanced framework.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹885.1982 | -1.04% | — | — | — |
| Regular Growth | ₹799.9707 | -1.09% | +7.22% | +17.09% | +18.05% |
| Direct IDCW | ₹59.0268 | -1.31% | — | — | — |
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 |
|---|---|
| Vedanta Aluminium Metal Ltd. | 0.10% |
| Vedanta Iron And Steel Ltd. | 0.10% |
| Malco Energy Ltd. | 0.10% |
| Talwandi Sabo Power Ltd. | 0.10% |
| Britannia Industries Ltd. | 0.07% |
| Nifty 50 Index Put option $$ | 0.01% |
| Nifty 50 Index Put option $$ | 0.01% |
| Government Securities | 0.40% |
| Muthoot Finance Ltd. ** | 0.18% |
| Manappuram Finance Ltd. ** | 0.12% |
| Aditya Birla Housing Finance Ltd. ** | 0.18% |
| 91 Days Treasury Bills | 0.44% |
| 364 Days Treasury Bills | 0.19% |
| 182 Days Treasury Bills | 0.09% |
| 364 Days Treasury Bills | 0.04% |
| 91 Days Treasury Bills | 0.02% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Prudential Gold ETF INF109KC1NT3 | 10.28% |
| 2 | TREPS | 5.20% |
| 3 | HDFC Bank Ltd. INE040A01034 | 4.73% |
| 4 | ICICI Bank Ltd. INE090A01021 | 3.22% |
| 5 | Bajaj Finserv Ltd. INE918I01026 | 2.71% |
| 6 | Axis Bank Ltd. INE238A01034 | 2.53% |
| 7 | Infosys Ltd. INE009A01021 | 2.45% |
| 8 | Interglobe Aviation Ltd. INE646L01027 | 2.31% |
| 9 | ITC Ltd. INE154A01025 | 2.21% |
| 10 | Reliance Industries Ltd. INE002A01018 | 2.06% |
| 11 | Maruti Suzuki India Ltd. INE585B01010 | 1.83% |
| 12 | SBI Cards & Payment Services Ltd. INE018E01016 | 1.59% |
| 13 | HDFC Bank Ltd. INE040A16JC3 | 1.58% |
| 14 | NTPC Ltd. INE733E01010 | 1.54% |
| 15 | Larsen & Toubro Ltd. INE018A01030 | 1.47% |
| 16 | Bajaj Auto Ltd. INE917I01010 | 1.38% |
| 17 | IndusInd Bank Ltd. INE095A01012 | 1.30% |
| 18 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.21% |
| 19 | Tata Consultancy Services Ltd. INE467B01029 | 1.21% |
| 20 | Page Industries Ltd. INE761H01022 | 1.12% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Multi-Asset Fund hold?
ICICI Prudential Multi-Asset Fund holds 243 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.48% of NAV.
What is the largest holding in ICICI Prudential Multi-Asset Fund?
The largest position in ICICI Prudential Multi-Asset Fund is ICICI Prudential Gold ETF, accounting for 10.28% of NAV in the Mutual Fund sector.
Is ICICI Prudential Multi-Asset Fund a concentrated or diversified fund?
With a Gini coefficient of 0.670, ICICI Prudential Multi-Asset Fund is highly concentrated. The HHI concentration index is 21,458 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.48% of the portfolio.
What is the market cap allocation of ICICI Prudential Multi-Asset Fund?
Based on SEBI's AMFI classification, ICICI Prudential Multi-Asset Fund's equity portfolio is split as: Large Cap: 44.55%, Mid Cap: 14.73%, Small Cap: 8.67%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Multi-Asset Fund invest in most?
ICICI Prudential Multi-Asset Fund has the highest allocation to Banks (12.92%), Mutual Fund (10.28%), Finance (6.03%). The fund is invested across 64 sectors in total.
How actively managed is ICICI Prudential Multi-Asset Fund compared to other Multi Asset Allocation funds?
ICICI Prudential Multi-Asset Fund has an Active Share of 61.21%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Multi-Asset Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Multi-Asset Fund added 16 new stocks (including Vedanta Aluminium Metal Ltd.) and exited 17 stocks (including 91 Days Treasury Bills). Total holding count decreased from 247 to 246 stocks.