ICICI Prudential Manufacturing Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund is heavily tilted toward capital-intensive manufacturing—autos and industrials account for over a quarter of assets—positioning it to benefit from India's infrastructure and domestic consumption tailwinds. Recent moves suggest the manager is rotating toward pharma and cement while trimming consumer discretionary, signaling conviction that cyclical industrial recovery will outpace consumption-led growth near term. The concentrated top-10 (37% weight) and elevated cash position indicate selective conviction rather than broad-based optimism.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹21.2900 | +4.52% | -7.15% | -6.79% | +2.11% | +12.46% | +9.67% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
96
Top 5 Weight
19.43%
Top 10 Weight
33.96%
Active Share
—
Large Cap
52.86%
Gini
0.513
What Changed2026-03-31 → 2026-04-30
Holdings: 103 → 99+8 added−12 removed26 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Cipla Ltd. | 0.48% |
| Vedanta Aluminium Metal Ltd. | 0.39% |
| Vedanta Iron And Steel Ltd. | 0.39% |
| Malco Energy Ltd. | 0.39% |
| Talwandi Sabo Power Ltd. | 0.39% |
| Kalpataru Projects International Ltd | 0.27% |
| Pg Electroplast Ltd. | 0.15% |
| Cohance Lifesciences Ltd. | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 5.26% |
| 2 | Mahindra & Mahindra Ltd. INE101A01026 | 5.08% |
| 3 | Cummins India Ltd. INE298A01020 | 4.09% |
| 4 | Larsen & Toubro Ltd. INE018A01030 | 3.58% |
| 5 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 3.42% |
| 6 | Bajaj Auto Ltd. INE917I01010 | 3.26% |
| 7 | JSW Steel Ltd. INE019A01038 | 3.20% |
| 8 | Ultratech Cement Ltd. INE481G01011 | 3.15% |
| 9 | SIEMENS ENERGY INDIA LTD INE1NPP01017 | 3.11% |
| 10 | Hyundai Motor India Ltd. INE0V6F01027 | 2.71% |
| 11 | Maruti Suzuki India Ltd. INE585B01010 | 2.36% |
| 12 | Samvardhana Motherson International Ltd. INE775A01035 | 2.32% |
| 13 | Jindal Stainless Ltd. INE220G01021 | 2.28% |
| 14 | Reliance Industries Ltd. INE002A01018 | 2.23% |
| 15 | Bharat Forge Ltd. INE465A01025 | 2.11% |
| 16 | Siemens Ltd. INE003A01024 | 2.05% |
| 17 | Atul Ltd. INE100A01010 | 1.84% |
| 18 | Hindustan Aeronautics Ltd. INE066F01020 | 1.76% |
| 19 | Supreme Industries Ltd. INE195A01028 | 1.68% |
| 20 | Schaeffler India Ltd. INE513A01022 | 1.65% |
Sector Allocation
Automobiles14.4%
Industrial Products11.8%
Auto Components9.7%
Consumer Durables7.0%
Chemicals & Petrochemicals6.6%
Ferrous Metals6.4%
Electrical Equipment6.3%
Cement & Cement Products6.2%
Pharmaceuticals & Biotechnology5.3%
Construction4.2%
Top 10 sectors by % to NAV. Excludes derivatives.