ICICI Prudential Equity Minimum Variance Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (21-Jan-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,446 Cr
Expense Ratio
0.79%
ISIN
INF109KC10Y6
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
06 Dec 2024
About this fund
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹9.65, Assets Under Management (AUM) of 2445.79 Crores, and an expense ratio of 0.79%.
- ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of -3.50% since inception.
- The fund's asset allocation comprises around 83.64% in equities, 3.42% in debts, and 4.76% 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
-3.50%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹2,045.65 Cr | 83.64% |
| Debt | ₹83.72 Cr | 3.42% |
| Others | ₹316.42 Cr | 12.94% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Margin - Derivatives | Other Assets And Liabilities | ₹200 Cr | 8.18% |
| HDFC Bank Ltd | Equity | ₹179.72 Cr | 7.35% |
| ICICI Bank Ltd | Equity | ₹172.45 Cr | 7.05% |
| Infosys Ltd | Equity | ₹168.99 Cr | 6.91% |
| Treps | Cash - Repurchase Agreement | ₹129.89 Cr | 5.31% |
| Reliance Industries Ltd | Equity | ₹121.73 Cr | 4.98% |
| ITC Ltd | Equity | ₹111.99 Cr | 4.58% |
| State Bank of India | Equity | ₹101.86 Cr | 4.16% |
| Axis Bank Ltd | Equity | ₹95.72 Cr | 3.91% |
| Tata Consultancy Services Ltd | Equity | ₹91.11 Cr | 3.73% |
| Bharti Airtel Ltd | Equity | ₹85.37 Cr | 3.49% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹83.72 Cr | 3.42% |
| Cipla Ltd | Equity | ₹76.5 Cr | 3.13% |
| UltraTech Cement Ltd | Equity | ₹73.74 Cr | 3.01% |
| Larsen & Toubro Ltd | Equity | ₹65.26 Cr | 2.67% |
| Dr Reddy's Laboratories Ltd | Equity | ₹61.14 Cr | 2.50% |
| Hindustan Unilever Ltd | Equity | ₹60.76 Cr | 2.48% |
| NTPC Ltd | Equity | ₹59.57 Cr | 2.44% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹56 Cr | 2.29% |
| SBI Life Insurance Co Ltd | Equity | ₹53.87 Cr | 2.20% |
| Power Grid Corp Of India Ltd | Equity | ₹53.14 Cr | 2.17% |
| Tech Mahindra Ltd | Equity | ₹46.11 Cr | 1.89% |
| Maruti Suzuki India Ltd | Equity | ₹42.81 Cr | 1.75% |
| Hero MotoCorp Ltd | Equity | ₹40.34 Cr | 1.65% |
| Asian Paints Ltd | Equity | ₹37.13 Cr | 1.52% |
| Wipro Ltd | Equity | ₹34.71 Cr | 1.42% |
| HCL Technologies Ltd | Equity | ₹29.62 Cr | 1.21% |
| Eicher Motors Ltd | Equity | ₹28.95 Cr | 1.18% |
| Britannia Industries Ltd | Equity | ₹27.81 Cr | 1.14% |
| Nestle India Ltd | Equity | ₹26.04 Cr | 1.06% |
| HDFC Life Insurance Co Ltd | Equity | ₹24.12 Cr | 0.99% |
| Titan Co Ltd | Equity | ₹22.77 Cr | 0.93% |
| Net Current Assets | Cash | ₹-13.47 Cr | 0.55% |
| Hdfc Bank Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.66 Cr | 0.03% |
| Infosys Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.6 Cr | 0.02% |
| Reliance Industries Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.41 Cr | 0.02% |
| Sun Pharmaceutical Industries Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.4 Cr | 0.02% |
| Itc Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.38 Cr | 0.02% |
| Dr. Reddy's Laboratories Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.35 Cr | 0.01% |
| State Bank Of India (Covered Call) | Equity - Option (Call) | ₹-0.31 Cr | 0.01% |
| Axis Bank Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.29 Cr | 0.01% |
| Bharti Airtel Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.28 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
83.79%
Mid Cap Stocks
--
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹627.73 Cr | 25.67% |
| Technology | ₹370.53 Cr | 15.15% |
| Consumer Defensive | ₹226.61 Cr | 9.27% |
| Healthcare | ₹193.63 Cr | 7.92% |
| Consumer Cyclical | ₹134.87 Cr | 5.51% |
| Energy | ₹121.73 Cr | 4.98% |
| Utilities | ₹112.71 Cr | 4.61% |
| Basic Materials | ₹110.87 Cr | 4.53% |
| Communication Services | ₹85.37 Cr | 3.49% |
| Industrials | ₹65.26 Cr | 2.67% |
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 December 2024
ISIN INF109KC10Y6 | Expense Ratio 0.79% | Exit Load 1.00% | Fund Size ₹2,446 Cr | Age 1 month | 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% | ₹212.14 Cr | 6.1% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹212.14 Cr | 5.7% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹534.00 Cr | 13.6% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹534.00 Cr | 11.9% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹3101.23 Cr | 20.1% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3101.23 Cr | 18.7% |
| 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% | - | ₹414.11 Cr | 5.4% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹98.49 Cr | 12.0% |
Risk Level
Your principal amount will be at Very High Risk
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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
ICICI Prudential Equity Minimum Variance Fund Direct Growth
EquityEquity - OtherVery High Risk
Direct
NAV (21-Jan-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,446 Cr
Expense Ratio
0.79%
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-Jan-25, it has a Net Asset Value (NAV) of ₹9.65, Assets Under Management (AUM) of 2445.79 Crores, and an expense ratio of 0.79%.
- ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of -3.50% since inception.
- The fund's asset allocation comprises around 83.64% in equities, 3.42% in debts, and 4.76% 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
-3.50%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2024
| Equity | ₹2,045.65 Cr | 83.64% |
| Debt | ₹83.72 Cr | 3.42% |
| Others | ₹316.42 Cr | 12.94% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type | Amount | Holdings |
|---|---|---|---|
| Cash Margin - Derivatives | Other Assets And Liabilities | ₹200 Cr | 8.18% |
| HDFC Bank Ltd | Equity | ₹179.72 Cr | 7.35% |
| ICICI Bank Ltd | Equity | ₹172.45 Cr | 7.05% |
| Infosys Ltd | Equity | ₹168.99 Cr | 6.91% |
| Treps | Cash - Repurchase Agreement | ₹129.89 Cr | 5.31% |
| Reliance Industries Ltd | Equity | ₹121.73 Cr | 4.98% |
| ITC Ltd | Equity | ₹111.99 Cr | 4.58% |
| State Bank of India | Equity | ₹101.86 Cr | 4.16% |
| Axis Bank Ltd | Equity | ₹95.72 Cr | 3.91% |
| Tata Consultancy Services Ltd | Equity | ₹91.11 Cr | 3.73% |
| Bharti Airtel Ltd | Equity | ₹85.37 Cr | 3.49% |
| Brookfield India Real Estate Trust | Bond - Asset Backed | ₹83.72 Cr | 3.42% |
| Cipla Ltd | Equity | ₹76.5 Cr | 3.13% |
| UltraTech Cement Ltd | Equity | ₹73.74 Cr | 3.01% |
| Larsen & Toubro Ltd | Equity | ₹65.26 Cr | 2.67% |
| Dr Reddy's Laboratories Ltd | Equity | ₹61.14 Cr | 2.50% |
| Hindustan Unilever Ltd | Equity | ₹60.76 Cr | 2.48% |
| NTPC Ltd | Equity | ₹59.57 Cr | 2.44% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹56 Cr | 2.29% |
| SBI Life Insurance Co Ltd | Equity | ₹53.87 Cr | 2.20% |
| Power Grid Corp Of India Ltd | Equity | ₹53.14 Cr | 2.17% |
| Tech Mahindra Ltd | Equity | ₹46.11 Cr | 1.89% |
| Maruti Suzuki India Ltd | Equity | ₹42.81 Cr | 1.75% |
| Hero MotoCorp Ltd | Equity | ₹40.34 Cr | 1.65% |
| Asian Paints Ltd | Equity | ₹37.13 Cr | 1.52% |
| Wipro Ltd | Equity | ₹34.71 Cr | 1.42% |
| HCL Technologies Ltd | Equity | ₹29.62 Cr | 1.21% |
| Eicher Motors Ltd | Equity | ₹28.95 Cr | 1.18% |
| Britannia Industries Ltd | Equity | ₹27.81 Cr | 1.14% |
| Nestle India Ltd | Equity | ₹26.04 Cr | 1.06% |
| HDFC Life Insurance Co Ltd | Equity | ₹24.12 Cr | 0.99% |
| Titan Co Ltd | Equity | ₹22.77 Cr | 0.93% |
| Net Current Assets | Cash | ₹-13.47 Cr | 0.55% |
| Hdfc Bank Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.66 Cr | 0.03% |
| Infosys Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.6 Cr | 0.02% |
| Reliance Industries Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.41 Cr | 0.02% |
| Sun Pharmaceutical Industries Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.4 Cr | 0.02% |
| Itc Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.38 Cr | 0.02% |
| Dr. Reddy's Laboratories Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.35 Cr | 0.01% |
| State Bank Of India (Covered Call) | Equity - Option (Call) | ₹-0.31 Cr | 0.01% |
| Axis Bank Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.29 Cr | 0.01% |
| Bharti Airtel Ltd. (Covered Call) | Equity - Option (Call) | ₹-0.28 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
83.79%
Mid Cap Stocks
--
Small Cap Stocks
--
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹627.73 Cr | 25.67% |
| Technology | ₹370.53 Cr | 15.15% |
| Consumer Defensive | ₹226.61 Cr | 9.27% |
| Healthcare | ₹193.63 Cr | 7.92% |
| Consumer Cyclical | ₹134.87 Cr | 5.51% |
| Energy | ₹121.73 Cr | 4.98% |
| Utilities | ₹112.71 Cr | 4.61% |
| Basic Materials | ₹110.87 Cr | 4.53% |
| Communication Services | ₹85.37 Cr | 3.49% |
| Industrials | ₹65.26 Cr | 2.67% |
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 December 2024
ISIN INF109KC10Y6 | Expense Ratio 0.79% | Exit Load 1.00% | Fund Size ₹2,446 Cr | Age 1 month | 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% | ₹212.14 Cr | 6.1% |
| SBI Equity Minimum Variance Fund Regular Growth Very High Risk | 0.8% | 0.0% | ₹212.14 Cr | 5.7% |
| Bandhan Transportation and Logistics Fund Direct Growth Very High Risk | 0.9% | 0.0% | ₹534.00 Cr | 13.6% |
| Bandhan Transportation and Logistics Fund Regular Growth Very High Risk | 2.4% | 0.0% | ₹534.00 Cr | 11.9% |
| ICICI Prudential Transportation and Logistics Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹3101.23 Cr | 20.1% |
| ICICI Prudential Transportation and Logistics Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3101.23 Cr | 18.7% |
| 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% | - | ₹414.11 Cr | 5.4% |
| DSP Nifty Midcap 150 Quality 50 ETF Very High Risk | 0.3% | - | ₹98.49 Cr | 12.0% |
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
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