ICICI Prudential Conglomerate Fund
The fund maintains a pronounced tilt toward cyclical industrials—autos, cement, and steel together account for over 42 percent of the portfolio—signaling conviction that infrastructure capex and economic momentum will sustain. The recent addition of Vedanta's aluminium and iron ore subsidiaries, paired with reductions in the holding company itself, suggests the manager is rotating toward operational assets over conglomerate structures. With nearly 47 percent concentrated in the top ten names, the fund is making a high-conviction bet on large-cap cyclical recovery rather than broad diversification.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.9600 | — | — | — | — | — | — |
| Regular Growth | ₹9.9000 | +2.06% | -2.75% | -1.10% | — | — | — |
| Direct IDCW | ₹9.9600 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Ltd. | 0.51% |
| Vedanta Iron And Steel Ltd. | 0.51% |
| Malco Energy Ltd. | 0.51% |
| Talwandi Sabo Power Ltd. | 0.51% |
| Cash Margin - Derivatives | 0.85% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Mahindra & Mahindra Ltd. INE101A01026 | 7.56% |
| 2 | CG Power and Industrial Solutions Ltd. INE067A01029 | 6.87% |
| 3 | Ultratech Cement Ltd. INE481G01011 | 6.61% |
| 4 | Grasim Industries Ltd. INE047A01021 | 4.75% |
| 5 | JSW Steel Ltd. INE019A01038 | 3.73% |
| 6 | Voltas Ltd. INE226A01021 | 3.58% |
| 7 | TVS Motor Company Ltd. INE494B01023 | 3.52% |
| 8 | Cholamandalam Investment And Finance Company Ltd. INE121A01024 | 3.41% |
| 9 | Bajaj Finance Ltd. INE296A01032 | 3.41% |
| 10 | Ambuja Cements Ltd. INE079A01024 | 3.40% |
| 11 | Coromandel International Ltd. INE169A01031 | 3.38% |
| 12 | APL Apollo Tubes Ltd. INE702C01027 | 3.05% |
| 13 | Jindal Steel Ltd. INE749A01030 | 2.90% |
| 14 | Jindal Stainless Ltd. INE220G01021 | 2.69% |
| 15 | JSW Energy Ltd INE121E01018 | 2.57% |
| 16 | Samvardhana Motherson International Ltd. INE775A01035 | 2.50% |
| 17 | TREPS | 2.34% |
| 18 | Bajaj Electricals Ltd. INE193E01025 | 2.25% |
| 19 | JSW Infrastructure Ltd INE880J01026 | 2.24% |
| 20 | Tata Steel Ltd. INE081A01020 | 2.18% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.