ICICI Prudential PSU Equity Fund
The fund maintains a heavily concentrated bet on PSU heavyweights across power, banking, and energy, with just 47 holdings where the top five command over 38 percent. Recent additions of smaller banks and insurance plays alongside TREPS accumulation suggest the manager is rotating toward liquidity and diversifying banking exposure within the PSU universe rather than broadening beyond it. This positioning reflects conviction in the PSU recovery narrative while prudently reducing single-stock dependency on legacy energy plays.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹23.4400 | — | — | — | — |
| Regular Growth | ₹22.2900 | +0.41% | +8.73% | +25.75% | — |
| Direct IDCW | ₹19.8800 | — | — | — | — |
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 |
|---|---|
| Bank Of India | 1.48% |
| SBI Life Insurance Company Ltd. | 1.11% |
| Repco Home Finance Ltd. | 0.39% |
| Union Bank Of India | 0.14% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | State Bank Of India INE062A01020 | 13.05% |
| 2 | NTPC Ltd. INE733E01010 | 8.51% |
| 3 | Power Grid Corporation Of India Ltd. INE752E01010 | 6.20% |
| 4 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 5.82% |
| 5 | TREPS | 5.05% |
| 6 | Life Insurance Corporation of India INE0J1Y01017 | 4.88% |
| 7 | Hindustan Aeronautics Ltd. INE066F01020 | 4.64% |
| 8 | Oil India Ltd. INE274J01014 | 3.37% |
| 9 | GAIL (India) Ltd. INE129A01019 | 3.27% |
| 10 | Coal India Ltd. INE522F01014 | 3.19% |
| 11 | Bharat Electronics Ltd. INE263A01024 | 3.18% |
| 12 | Indian Oil Corporation Ltd. INE242A01010 | 2.94% |
| 13 | Indian Railway Catering and Tourism Corporation Ltd. INE335Y01020 | 2.84% |
| 14 | NHPC Ltd. INE848E01016 | 2.67% |
| 15 | Bank Of Baroda INE028A01039 | 2.54% |
| 16 | Cash Margin - Derivatives | 2.46% |
| 17 | Bharat Petroleum Corporation Ltd. INE029A01011 | 2.42% |
| 18 | Rural Electrification Corporation Ltd. INE020B01018 | 2.00% |
| 19 | NLC India Ltd. INE589A01014 | 1.49% |
| 20 | Bank Of India INE084A01016 | 1.48% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential PSU Equity Fund hold?
ICICI Prudential PSU Equity Fund holds 44 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 38.46% of NAV.
What is the largest holding in ICICI Prudential PSU Equity Fund?
The largest position in ICICI Prudential PSU Equity Fund is State Bank Of India, accounting for 13.05% of NAV in the Banks sector.
Is ICICI Prudential PSU Equity Fund a concentrated or diversified fund?
With a Gini coefficient of 0.534, ICICI Prudential PSU Equity Fund is moderately concentrated. The HHI concentration index is 46,489 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 38.46% of the portfolio.
What is the market cap allocation of ICICI Prudential PSU Equity Fund?
Based on SEBI's AMFI classification, ICICI Prudential PSU Equity Fund's equity portfolio is split as: Large Cap: 61.99%, Mid Cap: 18.76%, Small Cap: 10.19%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential PSU Equity Fund invest in most?
ICICI Prudential PSU Equity Fund has the highest allocation to Power (18.88%), Banks (17.66%), Aerospace & Defense (9.46%). The fund is invested across 20 sectors in total.
How actively managed is ICICI Prudential PSU Equity Fund compared to other Sectoral / Thematic funds?
ICICI Prudential PSU Equity Fund has an Active Share of 86.41%, 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 PSU Equity Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential PSU Equity Fund added 4 new stocks (including Bank Of India) and exited 2 stocks (including Canara Bank). Total holding count increased from 45 to 47 stocks.