ICICI Prudential Equity Minimum Variance Fund

Q: What are the returns of this mutual fund scheme?

The ICICI Prudential Equity Minimum Variance Fund is a 1 yrs 2 m old fund and has delivered average annual returns of 6.03% since inception. ICICI Prudential Equity Minimum Variance Fund Returns 1-Year Since Inception 9.73% 6.03%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹10.71-0.56% 1 day change	6.03% p.a.	App exclusive #NA View Ranked Funds	₹3,843 Cr

Historical NAV & returns

NAV: ₹10.71 as on Feb 02, 2026

This fund Category average

ICICI Prudential Equity Minimum Variance Fund overview

AUM (Fund size)	₹3,843 Cr
Exit load	1.0% Exit load of 1%, if redeemed within 12 months.!
Lock-in Period	Nil
Age	1 yrs 2 m since Nov 18, 2024
Benchmark	Nifty 50 Total Return
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.93% as on Feb 02, 2026
Plan type	Regular
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

ICICI Prudential Equity Minimum Variance Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.12%	-4.41%
3 Months	-0.74%	-3.46%
6 Months	3.28%	0.28%
1 Year	9.73%	6.36%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 94.59%

Mid Cap 1.76%

Small Cap 0%

Other Cap 0%

Top holdings

ICICI Bank Ltd.8.41%

Reliance Industries Ltd.5.15%

Bharti Airtel Ltd.4.93%

Ultratech Cement Ltd.4.29%

Top sectors

Financial 23.35%

Automobile 9.93%

Consumer Staples 9.77%

Energy 9.760000000000002%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.39%

Allocation by Instruments

Repo 1.559645%

Real Estate Investment Trusts 1.01111929%

Cash Margin 0.85864479%

Treasury Bills 0.38975187%

Other Holdings

Others 1.56%

Brookfield India Real Estate Trust REIT 1.01%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
ICICI Prudential Equity Minimum Variance Fund	-4.12%	3.28%	9.73%	N.A.	N.A.	N.A.
ICICI Prudential Large Cap Fund	-4.56%	1.68%	9.67%	17.16%	15.45%	15.48%
Nippon India Large Cap Fund	-4.28%	0.55%	8.63%	18.0%	17.5%	15.58%
HDFC Large Cap Fund	-4.33%	0.96%	6.4%	14.8%	14.4%	14.82%
Canara Robeco Large Cap Fund	-4.24%	-0.32%	5.87%	14.33%	12.05%	14.86%
Baroda BNP Paribas Large Cap Fund	-4.01%	0.32%	5.88%	15.09%	12.83%	13.68%

Fund name	Std. deviation	Beta	Sharpe	Sortino
ICICI Prudential Equity Minimum Variance Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Large Cap Fund	11.13	0.91	0.98	1.55
Nippon India Large Cap Fund	11.48	0.93	1.04	1.59
HDFC Large Cap Fund	11.37	0.93	0.79	1.21
Canara Robeco Large Cap Fund	11.03	0.92	0.8	1.2
Baroda BNP Paribas Large Cap Fund	11.95	0.97	0.78	1.12

Fund name	ETM Rank	AUM	Fund age	Expense ratio
ICICI Prudential Equity Minimum Variance Fund	N.A.	3,843 Cr	1 yrs 2 m	1.93%
ICICI Prudential Large Cap Fund	N.A.	78,502 Cr	17 yrs 9 m	1.4%
Nippon India Large Cap Fund	N.A.	50,876 Cr	18 yrs 7 m	1.48%
HDFC Large Cap Fund	N.A.	40,604 Cr	29 yrs 5 m	1.58%
Canara Robeco Large Cap Fund	N.A.	17,493 Cr	15 yrs 7 m	1.65%
Baroda BNP Paribas Large Cap Fund	N.A.	2,702 Cr	21 yrs 5 m	1.98%

View all Large Cap funds

Key risk & return ratios Compared to other funds in the category

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare ICICI Prudential Equity Minimum Variance Fund in detail with

About this fund

About ICICI Prudential Equity Minimum Variance Fund

ICICI Prudential Equity Minimum Variance Fund is a Large Cap mutual fund scheme from Icici Prudential Mutual Fund. This fund has been in existence for 1 yrs 2 m, having been launched on 18/11/2024. ICICI Prudential Equity Minimum Variance Fund has ₹3,843 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of ICICI Prudential Equity Minimum Variance Fund as of 02/02/2026 is ₹10.71. The fund has an expense ratio of 1.93%, which is higher than what most other Large Cap funds charge.

ICICI Prudential Equity Minimum Variance Fund returns of last 1-year are 8.79%. Since launch, it has delivered 6.10% average annual returns.
The fund has the majority of its money invested in Financial, Automobile, Consumer Staples, Energy, Technology sectors. It has taken less exposure in Financial, Automobile sectors compared to other funds in the category.
The fund's top 5 holdings are in ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., Ultratech Cement Ltd., HDFC Bank Ltd..

...

Fund AUM	3,843 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Vaibhav Dusad

Mr. Dusad has done B.Tech, M.Tech and MBA Prior to joining ICICI Prudential AMC Ltd, he has worked with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, Zinnov Mangement Consulting and Citibank Singapore.

Nitya Mishra

Ms. Mishra has done B.Tech, MBA (Finance) and CFA Prior to joining ICIC Prudential Mutual Fund, she has worked with SBI Capital Markets and CRISIL Ltd.

Investment objective

The scheme seeks to generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility.

ICICI Prudential Mutual Fund details

No. of schemes	104 view all schemes
Total AUM	11,30,333 Cr as on Dec 31, 2025
Address	One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai, 400051

More funds from ICICI Prudential Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
ICICI Prudential Infrastructure Fund	N.A.	8,134 Cr	9.51%	27.49%
ICICI Prudential BHARAT 22 FOF Scheme	N.A.	2,500 Cr	17.32%	27.03%
ICICI Prudential Commodities Fund	N.A.	3,409 Cr	22.01%	24.75%
ICICI Prudential India Opportunities Fund	N.A.	34,779 Cr	11.87%	24.41%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,400 Cr	10.38%	23.15%
ICICI Prudential Manufacturing Fund	N.A.	6,549 Cr	11.15%	21.94%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of ICICI Prudential Equity Minimum Variance Fund?

The current Net Asset Value (NAV) of the ICICI Prudential Equity Minimum Variance Fund plan is approximately ₹10.71 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The ICICI Prudential Equity Minimum Variance Fund is a 1 yrs 2 m old fund and has delivered average annual returns of 6.03% since inception.

ICICI Prudential Equity Minimum Variance Fund Returns

1-Year	Since Inception
9.73%	6.03%

How much does this mutual fund charge as expense ratio?

The ICICI Prudential Equity Minimum Variance Fund has an expense ratio of 1.93%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The ICICI Prudential Equity Minimum Variance Fund currently has assets under management (AUM) or fund size valued at approximately 3,843 Cr as on Dec 31, 2025.

What are the top stock holdings of ICICI Prudential Equity Minimum Variance Fund?

The ICICI Prudential Equity Minimum Variance Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
ICICI Bank Ltd.	8.41%
Reliance Industries Ltd.	5.15%
Bharti Airtel Ltd.	4.93%
Ultratech Cement Ltd.	4.29%
HDFC Bank Ltd.	4.26%
Maruti Suzuki India Ltd.	4.17%
HDFC Life Insurance Co Ltd.	4.17%
Hindustan Unilever Ltd.	3.71%
Bajaj Auto Ltd.	3.53%
State Bank of India	3.48%

What are the top sectors ICICI Prudential Equity Minimum Variance Fund has invested in?

The ICICI Prudential Equity Minimum Variance Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	23.35%
Automobile	9.93%
Consumer Staples	9.77%
Energy	9.760000000000002%
Technology	9.700000000000001%
Healthcare	8.23%
Insurance	8.09%
Materials	6.23%
Communication	4.93%
Services	3.1399999999999997%

What is risk level of ICICI Prudential Equity Minimum Variance Fund?

This is a Large Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in ICICI Prudential Equity Minimum Variance Fund?

Redeeming your investments in the ICICI Prudential Equity Minimum Variance Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Large Cap

#NA

Return Outperformance: This fund has generated highest return amongst Large Cap funds in the last 1 Year.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1%, if redeemed within 12 months.