ICICI Prudential Equity Minimum Variance Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (21-Feb-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,446 Cr
Expense Ratio
0.72%
ISIN
INF109KC10Y6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
06 Dec 2024
About this fund
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹9.57, Assets Under Management (AUM) of 2445.79 Crores, and an expense ratio of 0.72%.
- ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of -4.30% since inception.
- The fund's asset allocation comprises around 85.72% in equities, 2.70% in debts, and 11.58% in cash & cash equivalents.
- You can start investing in ICICI Prudential Equity Minimum Variance Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
-4.30%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2025
| Equity | ₹2,096.64 Cr | 85.72% |
| Debt | ₹65.99 Cr | 2.70% |
| Others | ₹283.17 Cr | 11.58% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹271.02 Cr | 8.05% |
| ICICI Bank Ltd | Equity | ₹250.01 Cr | 7.42% |
| Treps | Cash - Repurchase Agreement | ₹195.35 Cr | 5.80% |
| Tata Consultancy Services Ltd | Equity | ₹160.58 Cr | 4.77% |
| State Bank of India | Equity | ₹154.24 Cr | 4.58% |
| Axis Bank Ltd | Equity | ₹153.65 Cr | 4.56% |
| Reliance Industries Ltd | Equity | ₹153.02 Cr | 4.54% |
| Infosys Ltd | Equity | ₹146.86 Cr | 4.36% |
| ITC Ltd | Equity | ₹140.88 Cr | 4.18% |
| Bharti Airtel Ltd | Equity | ₹131.21 Cr | 3.90% |
| UltraTech Cement Ltd | Equity | ₹106.54 Cr | 3.16% |
| Hindustan Unilever Ltd | Equity | ₹102.32 Cr | 3.04% |
| 91 DTB 28032025 | Bond - Gov't/Treasury | ₹99.04 Cr | 2.94% |
| Larsen & Toubro Ltd | Equity | ₹97.45 Cr | 2.89% |
| Power Grid Corp Of India Ltd | Equity | ₹95.49 Cr | 2.84% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹90.85 Cr | 2.70% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹88.87 Cr | 2.64% |
| NTPC Ltd | Equity | ₹84.48 Cr | 2.51% |
| HDFC Life Insurance Co Ltd | Equity | ₹81.21 Cr | 2.41% |
| Cipla Ltd | Equity | ₹80.18 Cr | 2.38% |
| Wipro Ltd | Equity | ₹67.67 Cr | 2.01% |
| Dr Reddy's Laboratories Ltd | Equity | ₹65.78 Cr | 1.95% |
| Eicher Motors Ltd | Equity | ₹65.3 Cr | 1.94% |
| SBI Life Insurance Co Ltd | Equity | ₹61.83 Cr | 1.84% |
| HCL Technologies Ltd | Equity | ₹52.54 Cr | 1.56% |
| Hero MotoCorp Ltd | Equity | ₹50.75 Cr | 1.51% |
| Cash Margin - Derivatives | Cash - Collateral | ₹50 Cr | 1.48% |
| Maruti Suzuki India Ltd | Equity | ₹48.54 Cr | 1.44% |
| Britannia Industries Ltd | Equity | ₹43.62 Cr | 1.30% |
| Asian Paints Ltd | Equity | ₹37.45 Cr | 1.11% |
| Titan Co Ltd | Equity | ₹34.31 Cr | 1.02% |
| Nestle India Ltd | Equity | ₹27.76 Cr | 0.82% |
| 91 Days Tbill Red 24-04-2025 | Bond - Gov't/Treasury | ₹24.64 Cr | 0.73% |
| 91 DTB 17042025 | Bond - Gov't/Treasury | ₹19.74 Cr | 0.59% |
| Bajaj Auto Ltd | Equity | ₹17.32 Cr | 0.51% |
| Tech Mahindra Ltd | Equity | ₹16.21 Cr | 0.48% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.99 Cr | 0.03% |
| Hero Motocorp Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.25 Cr | 0.01% |
| Reliance Industries Ltd. (Covered Call) $$ | Equity - Future | ₹-0.16 Cr | 0.00% |
| Net Current Assets | Cash | ₹0.12 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
85.74%
Mid Cap Stocks
--
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹971.96 Cr | 28.86% |
| Technology | ₹443.86 Cr | 13.18% |
| Consumer Defensive | ₹314.58 Cr | 9.34% |
| Healthcare | ₹234.83 Cr | 6.97% |
| Consumer Cyclical | ₹216.22 Cr | 6.42% |
| Utilities | ₹179.97 Cr | 5.34% |
| Energy | ₹153.02 Cr | 4.54% |
| Basic Materials | ₹143.99 Cr | 4.28% |
| Communication Services | ₹131.21 Cr | 3.90% |
| Industrials | ₹97.45 Cr | 2.89% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Vaibhav Dusad
Since December 2024
Nitya Mishra
Since December 2024
Additional Scheme Detailsas of 31st January 2025
ISIN INF109KC10Y6 | Expense Ratio 0.72% | Exit Load 1.00% | Fund Size ₹2,446 Cr | Age 2 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹214.12 Cr | -0.6% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹214.12 Cr | -1.0% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹524.52 Cr | 3.1% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹524.52 Cr | 1.5% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3040.04 Cr | 9.6% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3040.04 Cr | 8.3% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹411.67 Cr | -5.0% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹93.15 Cr | 4.3% |
Risk Level
Your principal amount will be at Very High Risk
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Related Articles
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What is the current NAV of ICICI Prudential Equity Minimum Variance Fund Direct Growth?
What is the portfolio composition of ICICI Prudential Equity Minimum Variance Fund Direct Growth?
Who manages the ICICI Prudential Equity Minimum Variance Fund Direct Growth?
- Vaibhav Dusad
- Nitya Mishra
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
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ICICI Prudential Equity Minimum Variance Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (21-Feb-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,446 Cr
Expense Ratio
0.72%
ISIN
INF109KC10Y6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
06 Dec 2024
Risk Level
Your principal amount will be at Very High Risk
About this fund
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹9.57, Assets Under Management (AUM) of 2445.79 Crores, and an expense ratio of 0.72%.
- ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of -4.30% since inception.
- The fund's asset allocation comprises around 85.72% in equities, 2.70% in debts, and 11.58% in cash & cash equivalents.
- You can start investing in ICICI Prudential Equity Minimum Variance Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
-4.30%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2025
| Equity | ₹2,096.64 Cr | 85.72% |
| Debt | ₹65.99 Cr | 2.70% |
| Others | ₹283.17 Cr | 11.58% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹271.02 Cr | 8.05% |
| ICICI Bank Ltd | Equity | ₹250.01 Cr | 7.42% |
| Treps | Cash - Repurchase Agreement | ₹195.35 Cr | 5.80% |
| Tata Consultancy Services Ltd | Equity | ₹160.58 Cr | 4.77% |
| State Bank of India | Equity | ₹154.24 Cr | 4.58% |
| Axis Bank Ltd | Equity | ₹153.65 Cr | 4.56% |
| Reliance Industries Ltd | Equity | ₹153.02 Cr | 4.54% |
| Infosys Ltd | Equity | ₹146.86 Cr | 4.36% |
| ITC Ltd | Equity | ₹140.88 Cr | 4.18% |
| Bharti Airtel Ltd | Equity | ₹131.21 Cr | 3.90% |
| UltraTech Cement Ltd | Equity | ₹106.54 Cr | 3.16% |
| Hindustan Unilever Ltd | Equity | ₹102.32 Cr | 3.04% |
| 91 DTB 28032025 | Bond - Gov't/Treasury | ₹99.04 Cr | 2.94% |
| Larsen & Toubro Ltd | Equity | ₹97.45 Cr | 2.89% |
| Power Grid Corp Of India Ltd | Equity | ₹95.49 Cr | 2.84% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹90.85 Cr | 2.70% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹88.87 Cr | 2.64% |
| NTPC Ltd | Equity | ₹84.48 Cr | 2.51% |
| HDFC Life Insurance Co Ltd | Equity | ₹81.21 Cr | 2.41% |
| Cipla Ltd | Equity | ₹80.18 Cr | 2.38% |
| Wipro Ltd | Equity | ₹67.67 Cr | 2.01% |
| Dr Reddy's Laboratories Ltd | Equity | ₹65.78 Cr | 1.95% |
| Eicher Motors Ltd | Equity | ₹65.3 Cr | 1.94% |
| SBI Life Insurance Co Ltd | Equity | ₹61.83 Cr | 1.84% |
| HCL Technologies Ltd | Equity | ₹52.54 Cr | 1.56% |
| Hero MotoCorp Ltd | Equity | ₹50.75 Cr | 1.51% |
| Cash Margin - Derivatives | Cash - Collateral | ₹50 Cr | 1.48% |
| Maruti Suzuki India Ltd | Equity | ₹48.54 Cr | 1.44% |
| Britannia Industries Ltd | Equity | ₹43.62 Cr | 1.30% |
| Asian Paints Ltd | Equity | ₹37.45 Cr | 1.11% |
| Titan Co Ltd | Equity | ₹34.31 Cr | 1.02% |
| Nestle India Ltd | Equity | ₹27.76 Cr | 0.82% |
| 91 Days Tbill Red 24-04-2025 | Bond - Gov't/Treasury | ₹24.64 Cr | 0.73% |
| 91 DTB 17042025 | Bond - Gov't/Treasury | ₹19.74 Cr | 0.59% |
| Bajaj Auto Ltd | Equity | ₹17.32 Cr | 0.51% |
| Tech Mahindra Ltd | Equity | ₹16.21 Cr | 0.48% |
| India (Republic of) | Bond - Short-term Government Bills | ₹0.99 Cr | 0.03% |
| Hero Motocorp Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.25 Cr | 0.01% |
| Reliance Industries Ltd. (Covered Call) $$ | Equity - Future | ₹-0.16 Cr | 0.00% |
| Net Current Assets | Cash | ₹0.12 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
85.74%
Mid Cap Stocks
--
Small Cap Stocks
--
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹971.96 Cr | 28.86% |
| Technology | ₹443.86 Cr | 13.18% |
| Consumer Defensive | ₹314.58 Cr | 9.34% |
| Healthcare | ₹234.83 Cr | 6.97% |
| Consumer Cyclical | ₹216.22 Cr | 6.42% |
| Utilities | ₹179.97 Cr | 5.34% |
| Energy | ₹153.02 Cr | 4.54% |
| Basic Materials | ₹143.99 Cr | 4.28% |
| Communication Services | ₹131.21 Cr | 3.90% |
| Industrials | ₹97.45 Cr | 2.89% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Vaibhav Dusad
Since December 2024
Nitya Mishra
Since December 2024
Additional Scheme Detailsas of 31st January 2025
ISIN INF109KC10Y6 | Expense Ratio 0.72% | Exit Load 1.00% | Fund Size ₹2,446 Cr | Age 2 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Equity - Other Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y |
|---|---|---|---|---|
| SBI Equity Minimum Variance Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹214.12 Cr | -0.6% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹214.12 Cr | -1.0% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹524.52 Cr | 3.1% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹524.52 Cr | 1.5% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹3040.04 Cr | 9.6% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3040.04 Cr | 8.3% |
| HDFC NIFTY200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹11.35 Cr | 63.0% |
| HDFC NIFTY100 Low Volatility 30 ETF Very High Risk | 0.3% | - | ₹5.95 Cr | 34.7% |
| ICICI Prudential Nifty 200 Momentum 30 ETF Very High Risk | 0.3% | - | ₹411.67 Cr | -5.0% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹93.15 Cr | 4.3% |
Related Articles
Still got questions?
We're here to help.
What is the current NAV of ICICI Prudential Equity Minimum Variance Fund Direct Growth?
What is the portfolio composition of ICICI Prudential Equity Minimum Variance Fund Direct Growth?
Who manages the ICICI Prudential Equity Minimum Variance Fund Direct Growth?
- Vaibhav Dusad
- Nitya Mishra
Track & Analyse all your investments in one place
Compare your portfolio's performance with benchmarks
Identify potential risks in your portfolio and learn to fix them
Track all your family's investments in one place
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