ICICI Prudential Rural Opportunities Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
Despite its rural-focused mandate, the fund is heavily concentrated in large-cap defensive names like Bharti Airtel, HUL, and banks, which dilutes its thematic positioning. The recent exits of smaller-cap plays like Marico and TVS Motor, coupled with increased cash positioning, suggest the manager is trimming exposure to genuinely rural-linked businesses in favour of stability. This shift signals either caution on rural demand or a strategic retreat toward index-hugging, raising questions about conviction in the fund's core theme.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹10.9000 | — | — | — | — | — | — |
| Regular Growth | ₹10.7300 | -0.09% | -7.10% | -7.82% | +0.09% | — | — |
| Direct IDCW | ₹10.8900 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
48
Top 5 Weight
31.89%
Top 10 Weight
51.03%
Active Share
—
Large Cap
73.60%
Gini
0.478
What Changed2026-03-31 → 2026-04-30
Holdings: 56 → 51+0 added−5 removed30 weight shifts ≥ 0.1%
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. INE397D01024 | 9.54% |
| 2 | Hindustan Unilever Ltd. INE030A01027 | 7.39% |
| 3 | Mahindra & Mahindra Ltd. INE101A01026 | 5.04% |
| 4 | HDFC Bank Ltd. INE040A01034 | 4.99% |
| 5 | State Bank Of India INE062A01020 | 4.93% |
| 6 | Maruti Suzuki India Ltd. INE585B01010 | 4.01% |
| 7 | ITC Ltd. INE154A01025 | 3.92% |
| 8 | NTPC Ltd. INE733E01010 | 3.84% |
| 9 | Ultratech Cement Ltd. INE481G01011 | 3.70% |
| 10 | Bajaj Auto Ltd. INE917I01010 | 3.68% |
| 11 | Life Insurance Corporation of India INE0J1Y01017 | 3.31% |
| 12 | TREPS | 2.97% |
| 13 | Britannia Industries Ltd. INE216A01030 | 2.81% |
| 14 | TVS Motor Company Ltd. INE494B01023 | 2.56% |
| 15 | Colgate - Palmolive (India) Ltd. INE259A01022 | 2.46% |
| 16 | Havells India Ltd. INE176B01034 | 2.10% |
| 17 | Godrej Consumer Products Ltd. INE102D01028 | 2.10% |
| 18 | LIC Housing Finance Ltd. INE115A01026 | 1.88% |
| 19 | Nestle India Ltd. INE239A01024 | 1.85% |
| 20 | Indian Railway Catering and Tourism Corporation Ltd. INE335Y01020 | 1.84% |
Sector Allocation
Automobiles16.8%
Banks11.8%
Diversified Fmcg11.3%
Telecom - Services9.5%
Insurance6.9%
Finance6.2%
Personal Products5.7%
Consumer Durables5.2%
Cement & Cement Products5.0%
Food Products4.7%
Top 10 sectors by % to NAV. Excludes derivatives.