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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹10.0500 | — | — | — | — |
| Regular Growth | ₹9.9800 | +0.50% | — | — | — |
| Direct IDCW | ₹10.0500 | — | — | — | — |
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. | 0.51% |
| 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.
Frequently Asked Questions
How many stocks does ICICI Prudential Conglomerate Fund hold?
ICICI Prudential Conglomerate Fund holds 45 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.51% of NAV.
What is the largest holding in ICICI Prudential Conglomerate Fund?
The largest position in ICICI Prudential Conglomerate Fund is Mahindra & Mahindra Ltd., accounting for 7.56% of NAV in the Automobiles sector.
Is ICICI Prudential Conglomerate Fund a concentrated or diversified fund?
With a Gini coefficient of 0.423, ICICI Prudential Conglomerate Fund is well-diversified. The HHI concentration index is 34,469 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.51% of the portfolio.
What is the market cap allocation of ICICI Prudential Conglomerate Fund?
Based on SEBI's AMFI classification, ICICI Prudential Conglomerate Fund's equity portfolio is split as: Large Cap: 58.57%, Mid Cap: 23.33%, Small Cap: 13.09%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Conglomerate Fund invest in most?
ICICI Prudential Conglomerate Fund has the highest allocation to Automobiles (15.30%), Cement & Cement Products (14.75%), Ferrous Metals (12.03%). The fund is invested across 24 sectors in total.
How actively managed is ICICI Prudential Conglomerate Fund compared to other Sectoral / Thematic funds?
ICICI Prudential Conglomerate Fund has an Active Share of 86.28%, 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 Conglomerate Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Conglomerate Fund added 5 new stocks (including Vedanta Aluminium Metal Ltd.). Total holding count increased from 43 to 48 stocks.