ICICI Prudential Multicap Fund
The fund is positioned for industrial and infrastructure-led growth, with meaningful overweight to capital equipment, metals, and power sectors that benefit from capex cycles and commodity strength. The manager has refreshed the portfolio by trimming defensive financials and telecom while adding energy and metals plays, signaling conviction in cyclical recovery. The broad 163-stock base with modest top-10 concentration suggests a balanced approach to capturing multicap opportunities without excessive single-name risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹930.2000 | +2.69% | — | — | — |
| Regular Growth | ₹828.2000 | +2.63% | +5.90% | +19.63% | +17.81% |
| Direct IDCW | ₹62.1900 | +2.69% | — | — | — |
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 |
|---|---|
| Vedanta Aluminium Metal Ltd. | 0.81% |
| Vedanta Iron And Steel Ltd. | 0.81% |
| Malco Energy Ltd. | 0.81% |
| Talwandi Sabo Power Ltd. | 0.81% |
| Larsen & Toubro Ltd. | 0.66% |
| Shriram Finance Ltd. | 0.44% |
| Coromandel International Ltd. | 0.29% |
| Eicher Motors Ltd. | 0.28% |
| Welspun Corp Ltd. | 0.26% |
| Bandhan Bank Ltd. | 0.18% |
| Steel Authority Of India Ltd. | 0.16% |
| UNO Minda Ltd. | 0.15% |
| ZF Commercial Vehicle Control Systems India Ltd | 0.15% |
| Minda Corporation Ltd. | 0.12% |
| SIEMENS ENERGY INDIA LTD | 0.12% |
| Balkrishna Industries Ltd. | 0.10% |
| CEAT Ltd. | 0.10% |
| Tata Motors Ltd. | 0.10% |
| AMI Organics Ltd. | 0.07% |
| Escorts Kubota Ltd | 0.07% |
| Clean Max Enviro Energy Solutions Ltd. | 0.01% |
| Sundaram Finance Ltd. | 0.01% |
| Alkyl Amines Chemicals Ltd. | 0.01% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | BSE Ltd. INE118H01025 | 3.31% |
| 2 | Ultratech Cement Ltd. INE481G01011 | 2.85% |
| 3 | Jindal Steel Ltd. INE749A01030 | 2.73% |
| 4 | Multi Commodity Exchange Of India Ltd. INE745G01043 | 2.11% |
| 5 | TREPS | 2.08% |
| 6 | ABB India Ltd. INE117A01022 | 2.06% |
| 7 | Interglobe Aviation Ltd. INE646L01027 | 2.06% |
| 8 | Apar Industries Ltd. INE372A01015 | 1.82% |
| 9 | Vedanta Ltd. INE205A01025 | 1.81% |
| 10 | Samvardhana Motherson International Ltd. INE775A01035 | 1.78% |
| 11 | PB Fintech Ltd. INE417T01026 | 1.76% |
| 12 | Bharat Forge Ltd. INE465A01025 | 1.74% |
| 13 | K.P.R. Mill Ltd. INE930H01031 | 1.73% |
| 14 | Hindustan Aeronautics Ltd. INE066F01020 | 1.69% |
| 15 | JSW Steel Ltd. INE019A01038 | 1.68% |
| 16 | CG Power and Industrial Solutions Ltd. INE067A01029 | 1.55% |
| 17 | APL Apollo Tubes Ltd. INE702C01027 | 1.51% |
| 18 | Paradeep Phosphates Ltd. INE088F01024 | 1.48% |
| 19 | Bharat Petroleum Corporation Ltd. INE029A01011 | 1.28% |
| 20 | KEI Industries Ltd. INE878B01027 | 1.24% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Multicap Fund hold?
ICICI Prudential Multicap Fund holds 160 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 13.06% of NAV.
What is the largest holding in ICICI Prudential Multicap Fund?
The largest position in ICICI Prudential Multicap Fund is BSE Ltd., accounting for 3.31% of NAV in the Capital Markets sector.
Is ICICI Prudential Multicap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.493, ICICI Prudential Multicap Fund is moderately concentrated. The HHI concentration index is 11,652 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 13.06% of the portfolio.
What is the market cap allocation of ICICI Prudential Multicap Fund?
Based on SEBI's AMFI classification, ICICI Prudential Multicap Fund's equity portfolio is split as: Large Cap: 31.88%, Mid Cap: 33.20%, Small Cap: 27.54%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Multicap Fund invest in most?
ICICI Prudential Multicap Fund has the highest allocation to Electrical Equipment (8.08%), Industrial Products (7.43%), Capital Markets (7.40%). The fund is invested across 32 sectors in total.
How actively managed is ICICI Prudential Multicap Fund compared to other Multi Cap Fund funds?
ICICI Prudential Multicap Fund has an Active Share of 73.80%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in ICICI Prudential Multicap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Multicap Fund added 23 new stocks (including Vedanta Aluminium Metal Ltd.) and exited 6 stocks (including Axis Bank Ltd.). Total holding count increased from 146 to 163 stocks.