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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹881.3407 | +0.13% | — | — | — | — | — |
| Regular Growth | ₹796.4981 | +0.08% | -2.83% | -1.18% | +7.54% | +17.01% | +17.94% |
| Direct IDCW | ₹58.7696 | -0.14% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.