Funds/Sectoral / Thematic/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

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Primary	₹48.0900	+4.70%	+3.31%	+9.20%	+21.10%	+20.92%	+17.90%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

31.48%

Top 10 Weight

49.86%

Active Share

—

Large Cap

26.16%

Gini

0.508

What Changed2026-03-31 → 2026-04-30

Holdings: 51 → 54+4 added−1 removed25 weight shifts ≥ 0.1%

Stock	Sector	Weight
Vedanta Aluminium Metal Ltd.	Non - Ferrous Metals	1.47%
Vedanta Iron And Steel Ltd.	Ferrous Metals	1.47%
Malco Energy Ltd.	Power	1.47%
Talwandi Sabo Power Ltd.	Power	1.47%

Full Holdings

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