ICICI Prudential Banking and Financial Services Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund remains heavily concentrated in banking—over half the portfolio—with a defensive tilt toward large-cap lenders and financial services firms that benefit from a stable, regulated environment. The substantial increase in TREPS (short-term repo instruments) alongside new positions in smaller public-sector banks signals the manager is preparing for near-term volatility while selectively adding lower-valuations plays. With just 0.3% monthly returns despite equity exposure above 95%, conviction appears cautious rather than aggressive right now.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹143.1700 | -1.23% | — | — | — | — | — |
| Regular Growth | ₹126.3500 | -1.30% | -8.04% | -8.89% | -3.06% | +10.77% | +11.61% |
| Direct IDCW | ₹65.7800 | -1.25% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
44
Top 5 Weight
47.23%
Top 10 Weight
63.77%
Active Share
—
Large Cap
54.88%
Gini
0.599
What Changed2026-03-31 → 2026-04-30
Holdings: 45 → 47+3 added−1 removed19 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Union Bank Of India | 0.51% |
| Bank Of India | 0.46% |
| Credit Analysis And Research Ltd. | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 13.88% |
| 2 | ICICI Bank Ltd. INE090A01021 | 13.24% |
| 3 | Axis Bank Ltd. INE238A01034 | 9.54% |
| 4 | TREPS | 7.51% |
| 5 | Kotak Mahindra Bank Ltd. INE237A01036 | 6.07% |
| 6 | State Bank Of India INE062A01020 | 4.51% |
| 7 | SBI Life Insurance Company Ltd. INE123W01016 | 3.93% |
| 8 | LIC Housing Finance Ltd. INE115A01026 | 3.56% |
| 9 | SBI Cards & Payment Services Ltd. INE018E01016 | 3.18% |
| 10 | ICICI Lombard General Insurance Company Ltd. INE765G01017 | 2.97% |
| 11 | HDFC Life Insurance Company Ltd. INE795G01014 | 2.91% |
| 12 | PNB Housing Finance Ltd. INE572E01012 | 2.40% |
| 13 | HDB Financial Services Ltd. INE756I01012 | 2.38% |
| 14 | Bajaj Finance Ltd. INE296A01032 | 2.08% |
| 15 | Aptus Value Housing Finance INE852O01025 | 2.07% |
| 16 | Can Fin Homes Ltd. INE477A01020 | 1.94% |
| 17 | Max Financial Services Ltd. INE180A01020 | 1.89% |
| 18 | Bajaj Finserv Ltd. INE918I01026 | 1.88% |
| 19 | Bandhan Bank Ltd. INE545U01014 | 1.86% |
| 20 | Aavas Financiers Ltd. INE216P01012 | 1.53% |
Sector Allocation
Banks50.8%
Finance25.4%
Insurance15.3%
Capital Markets3.7%
Commercial Services & Supplies0.3%
Financial Technology (Fintech)0.2%
SOV0.1%
Top 10 sectors by % to NAV. Excludes derivatives.