ICICI Prudential PSU Equity Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹23.2700 | — | — | — | — | — | — |
| Regular Growth | ₹22.1300 | +1.93% | -0.81% | +2.93% | +9.77% | +25.86% | — |
| Direct IDCW | ₹19.7400 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
44
Top 5 Weight
38.46%
Top 10 Weight
56.11%
Active Share
—
Large Cap
61.99%
Gini
0.534
What Changed2026-03-31 → 2026-04-30
Holdings: 45 → 47+4 added−2 removed29 weight shifts ≥ 0.1%
| 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
Power18.9%
Banks17.7%
Aerospace & Defense9.5%
Oil9.2%
Insurance7.4%
Petroleum Products7.1%
Gas5.0%
Consumable Fuels3.2%
Finance3.1%
Leisure Services2.8%
Top 10 sectors by % to NAV. Excludes derivatives.