Asset Sadhu
Funds/ICICI Prudential Commodities Fund

ICICI Prudential Commodities Fund

ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The fund remains heavily exposed to commodity-linked industries—metals, chemicals, and cement dominate with 68% combined weight—betting on cyclical recovery and infrastructure demand. The concentrated portfolio (top-10 at half of assets) signals high conviction in steel and aluminum plays, reinforced by recent Vedanta subsidiary additions that deepen positioning in raw material extraction. This month's strategic moves suggest the manager expects sustained commodity price momentum and is willing to consolidate exposure around core holdings rather than diversify.

Portfolio analysis · April 2026

NAV & Returns

PlanNAV1M1Y3Y CAGR5Y CAGR
Primary₹48.4200+2.63%+19.85%+21.24%+18.06%
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings
51
Top 5 Weight
31.48%
Top 10 Weight
49.86%
Max Position
8.37%
Conviction Bets
19
Gini
0.508
Large Cap
26.16%
Mid Cap
34.26%
Small Cap
23.52%
Top Sector
Ferrous Metals
Sector Count
12
HHI (bps)
36,710

vs Category Peers

Highly Differentiated
Active Share
92.56%
vs peer portfolio
Weight Overlap
4.71%
with avg peer
Cosine Similarity
0.108
portfolio angle
Peer Count
237
funds in category

Active Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.

Similar Funds in Category

UTI Quant Fund
UTI Mutual Fund
Holdings
90
Top 5
19.83%
Gini
0.504
Kotak Technology Fund
Kotak Mutual Fund
Holdings
25
Top 5
55.99%
Gini
0.504
Aditya Birla Sun Life PSU Equity Fund
Aditya Birla Sun Life Mutual Fund
Holdings
35
Top 5
44.75%
Gini
0.504
ICICI Prudential Manufacturing Fund
ICICI Prudential Mutual Fund
Holdings
96
Top 5
19.43%
Gini
0.513
ICICI Prudential Infrastructure Fund
ICICI Prudential Mutual Fund
Holdings
64
Top 5
27.32%
Gini
0.504
ICICI Prudential Energy Opportunities Fund
ICICI Prudential Mutual Fund
Holdings
68
Top 5
32.72%
Gini
0.502

What Changed2026-03-31 → 2026-04-30

Holdings: 51 → 54+4 added−1 removed25 weight shifts ≥ 0.1%
StockWeight
Vedanta Aluminium Metal Ltd.1.47%
Vedanta Iron And Steel Ltd.1.47%
Malco Energy Ltd.1.47%
Talwandi Sabo Power Ltd.1.47%

Full Holdings

#Holding% to NAV
1
Jindal Steel Ltd.
INE749A01030
8.37%
2
JSW Steel Ltd.
INE019A01038
7.29%
3
Jindal Stainless Ltd.
INE220G01021
5.62%
4
Hindalco Industries Ltd.
INE038A01020
5.14%
5
UPL Ltd.
INE628A01036
5.06%
6
Ultratech Cement Ltd.
INE481G01011
4.49%
7
Usha Martin Ltd.
INE228A01035
3.74%
8
Freeport-McMoRan Inc
US35671D8570
3.54%
9
Hindustan Petroleum Corporation Ltd.
INE094A01015
3.31%
10
Vedanta Ltd.
INE205A01025
3.30%
11
National Aluminium Company Ltd.
INE139A01034
3.06%
12
Navin Fluorine International Ltd.
INE048G01026
3.04%
13
Aarti Industries Ltd.
INE769A01020
3.02%
14
APL Apollo Tubes Ltd.
INE702C01027
2.71%
15
Ambuja Cements Ltd.
INE079A01024
2.48%
16
TREPS
2.46%
17
Steel Authority Of India Ltd.
INE114A01011
2.38%
18
Tata Steel Ltd.
INE081A01020
2.38%
19
Southern Copper Corp
US84265V1052
2.22%
20
Cameco Corp
CA13321L1085
2.16%

Sector Allocation

Ferrous Metals27.5%
Chemicals & Petrochemicals17.7%
Non - Ferrous Metals13.7%
Cement & Cement Products8.5%
Fertilizers & Agrochemicals7.9%
Industrial Products7.1%
Petroleum Products4.0%
Power3.6%
Diversified Metals3.3%
Metals & Mining2.2%

Top 10 sectors by % to NAV. Excludes derivatives.

Frequently Asked Questions

How many stocks does ICICI Prudential Commodities Fund hold?

ICICI Prudential Commodities Fund holds 51 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.48% of NAV.

What is the largest holding in ICICI Prudential Commodities Fund?

The largest position in ICICI Prudential Commodities Fund is Jindal Steel Ltd., accounting for 8.37% of NAV in the Ferrous Metals sector.

Is ICICI Prudential Commodities Fund a concentrated or diversified fund?

With a Gini coefficient of 0.508, ICICI Prudential Commodities Fund is moderately concentrated. The HHI concentration index is 36,710 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.48% of the portfolio.

What is the market cap allocation of ICICI Prudential Commodities Fund?

Based on SEBI's AMFI classification, ICICI Prudential Commodities Fund's equity portfolio is split as: Large Cap: 26.16%, Mid Cap: 34.26%, Small Cap: 23.52%. This reflects the fund's positioning within the market cap spectrum.

Which sectors does ICICI Prudential Commodities Fund invest in most?

ICICI Prudential Commodities Fund has the highest allocation to Ferrous Metals (27.50%), Chemicals & Petrochemicals (17.67%), Non - Ferrous Metals (13.66%). The fund is invested across 12 sectors in total.

How actively managed is ICICI Prudential Commodities Fund compared to other Sectoral / Thematic funds?

ICICI Prudential Commodities Fund has an Active Share of 92.56%, classifying it as "Highly Differentiated" among 237 Sectoral / Thematic peers. This means the fund takes significantly different stock positions compared to its category peers.

What changed in ICICI Prudential Commodities Fund's portfolio in the latest month?

Between 2026-03-31 and 2026-04-30, ICICI Prudential Commodities Fund added 4 new stocks (including Vedanta Aluminium Metal Ltd.) and exited 1 stock (including 91 Days Treasury Bills). Total holding count increased from 51 to 54 stocks.