ICICI Prudential Innovation Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
This innovation-focused fund maintains a broadly diversified yet moderately concentrated positioning, with pharma, retail, and autos collectively representing nearly 30% of the portfolio. The manager's recent moves—trimming defensive Pidilite and HDFC Life while adding cyclical plays like Suzlon and infrastructure names such as CCIL—suggest confidence in economic momentum and appetite for higher-beta exposure. The tight top-10 concentration of 31% alongside 64 holdings indicates selective stock-picking conviction rather than thematic sprawl.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹18.8200 | — | — | — | — | — | — |
| Regular Growth | ₹18.1700 | +2.83% | -2.89% | -5.32% | +2.60% | +21.66% | — |
| Direct IDCW | ₹15.9300 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
61
Top 5 Weight
18.29%
Top 10 Weight
31.25%
Active Share
—
Large Cap
43.45%
Gini
0.320
What Changed2026-03-31 → 2026-04-30
Holdings: 63 → 64+5 added−4 removed38 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Medplus Health Services Ltd | 0.98% |
| Container Corporation Of India Ltd. | 0.87% |
| Multi Commodity Exchange Of India Ltd. | 0.85% |
| ITC Hotels Ltd | 0.80% |
| Suzlon Energy Ltd. | 0.55% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 4.74% |
| 2 | Maruti Suzuki India Ltd. INE585B01010 | 4.51% |
| 3 | Axis Bank Ltd. INE238A01034 | 3.09% |
| 4 | Mankind Pharma Ltd. INE634S01028 | 3.05% |
| 5 | Computer Age Management Services Ltd. INE596I01020 | 2.90% |
| 6 | NTPC Ltd. INE733E01010 | 2.75% |
| 7 | Tata Motors Passenger Vehicles Ltd. INE155A01022 | 2.60% |
| 8 | Eternal Ltd. INE758T01015 | 2.56% |
| 9 | 360 One Wam Ltd. INE466L01038 | 2.53% |
| 10 | Supreme Industries Ltd. INE195A01028 | 2.51% |
| 11 | TVS Motor Company Ltd. INE494B01023 | 2.47% |
| 12 | Apollo Hospitals Enterprise Ltd. INE437A01024 | 2.37% |
| 13 | ZF Commercial Vehicle Control Systems India Ltd INE342J01019 | 2.36% |
| 14 | Sagility India Ltd INE0W2G01015 | 2.19% |
| 15 | Bharti Airtel Ltd. INE397D01024 | 2.13% |
| 16 | Swiggy Ltd INE00H001014 | 2.13% |
| 17 | Vijaya Diagnostic Centre Ltd. INE043W01024 | 2.10% |
| 18 | COFORGE Ltd. INE591G01025 | 2.02% |
| 19 | Blue Star Ltd. INE472A01039 | 1.94% |
| 20 | Bharti Hexacom Ltd. INE343G01021 | 1.90% |
Sector Allocation
Pharmaceuticals & Biotechnology10.6%
Retailing9.7%
Automobiles9.6%
Banks7.8%
It - Software7.5%
Healthcare Services7.1%
Capital Markets6.3%
Industrial Products4.6%
Telecom - Services4.0%
Consumer Durables3.4%
Top 10 sectors by % to NAV. Excludes derivatives.