ICICI Prudential Manufacturing Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹21.4900 | +2.87% | +0.70% | +12.76% | +9.87% |
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 |
|---|---|
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Manufacturing Fund hold?
ICICI Prudential Manufacturing Fund holds 96 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.43% of NAV.
What is the largest holding in ICICI Prudential Manufacturing Fund?
The largest position in ICICI Prudential Manufacturing Fund is TREPS, accounting for 5.26% of NAV.
Is ICICI Prudential Manufacturing Fund a concentrated or diversified fund?
With a Gini coefficient of 0.513, ICICI Prudential Manufacturing Fund is moderately concentrated. The HHI concentration index is 19,135 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.43% of the portfolio.
What is the market cap allocation of ICICI Prudential Manufacturing Fund?
Based on SEBI's AMFI classification, ICICI Prudential Manufacturing Fund's equity portfolio is split as: Large Cap: 52.86%, Mid Cap: 17.61%, Small Cap: 22.06%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Manufacturing Fund invest in most?
ICICI Prudential Manufacturing Fund has the highest allocation to Automobiles (14.36%), Industrial Products (11.83%), Auto Components (9.70%). The fund is invested across 26 sectors in total.
How actively managed is ICICI Prudential Manufacturing Fund compared to other Sectoral / Thematic funds?
ICICI Prudential Manufacturing Fund has an Active Share of 77.12%, 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 Manufacturing Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Manufacturing Fund added 8 new stocks (including Cipla Ltd.) and exited 12 stocks (including Page Industries Ltd.). Total holding count decreased from 103 to 99 stocks.