Loading mutual fund details…
ICICI Prudential Equity Minimum Variance Fund - Direct Plan - Growth is an equity scheme managed by ICICI Prudential Mutual Fund. The total expense ratio is 0.98% on assets of ₹2,985Cr. The fund is currently managed by Aatur Shah, appointed within the last year.
Lower is better.
This scheme classifies as Large-Value on the 3x3 equity style box, with 90% of its portfolio classified as of 2026-05-29.
| Holding | Sector |
|---|
| Window | Min | P25 | Median |
|---|
Point-in-time CAGRs cherry-pick a single start date. The chart below shows the distribution of every possible rolling start over the fund's history, so you see the range of investor outcomes — not just one date's number.
Backtested SIP outcomes across both rolling-window scenarios and named historical stress events (COVID, Election uncertainty, Russia/Ukraine, etc.), plus per-manager alpha during their tenure on this scheme.
Same fund, monthly SIPs over rolling 1/3/5-year windows.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future results. MintByte is an AMFI-registered Mutual Fund Distributor (ARN-314872) and APMI member (APRN-01658). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Star ratings on this page reflect a 3-year category-quartile position computed in-house and are educational only.
Mutual fund schemes are subject to market risk. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.
In-house derivations using 3-year daily NAV vs benchmark. See methodology.
| Weight |
|---|
| RELIANCE INDUSTRIES LIMITED | Energy | 10.12% |
| HDFC BANK LIMITED | Financial Services | 7.50% |
| BAJAJ AUTO LIMITED | Consumer Cyclical | 5.53% |
| INFOSYS LIMITED | Technology | 4.95% |
| ICICI BANK LIMITED | Financial Services | 4.66% |
| BHARTI AIRTEL LIMITED | Communication Services | 4.54% |
| BAJAJ FINSERV LIMITED | Financial Services | 4.29% |
| HDFC LIFE INSURANCE COMPANY LIMITED | Financial Services | 4.27% |
| GRASIM INDUSTRIES LIMITED | Basic Materials | 3.75% |
| AXIS BANK LIMITED | Financial Services | 3.19% |
| CIPLA LIMITED | Healthcare | 3.07% |
| BRITANNIA INDUSTRIES LIMITED | Consumer Defensive | 2.89% |
| HINDUSTAN UNILEVER LIMITED | Consumer Defensive | 2.48% |
| APOLLO HOSPITALS ENTERPRISE LIMITED | Healthcare | 2.43% |
| MARUTI SUZUKI INDIA LIMITED | Consumer Cyclical | 2.39% |
| ULTRATECH CEMENT LIMITED | Basic Materials | 2.33% |
| LARSEN AND TOUBRO LIMITED | Industrials | 2.15% |
| TATA CONSULTANCY SERVICES LIMITED | Technology | 2.07% |
| ITC LIMITED | Consumer Defensive | 1.90% |
| NTPC LIMITED | Utilities | 1.87% |
| LIFE INSURANCE CORPORATION OF INDIA | Financial Services | 1.74% |
| HCL TECHNOLOGIES LIMITED | Technology | 1.61% |
| INTERGLOBE AVIATION LIMITED | Industrials | 1.44% |
| CUMMINS INDIA LIMITED | Industrials | 1.32% |
| POWER GRID CORPORATION OF INDIA LIMITED | Utilities | 1.17% |
| Sector | Holdings | Weight |
|---|---|---|
| Financial Services | 6 | 28.87% |
| Oil, Gas & Consumable Fuels | — | 10.99% |
| Information Technology | — | 8.63% |
| Automobile and Auto Components | — | 8.51% |
| Healthcare | 3 | 8.42% |
| Fast Moving Consumer Goods | — | 7.57% |
| Construction Materials | — | 6.08% |
| Telecommunication | — | 4.54% |
| Power | — | 3.04% |
| Construction | — | 2.15% |
Active bets vs the average Equity fund. Biggest deviations shown first.
Accent bar = fund's actual sector weight. Vertical black tick = category average for the same sector. Green overlay = overweight, dashed red = underweight. The biggest active bets show first.
| P75 |
|---|
| Max |
|---|
| Positive % |
|---|
| 1Y | -1.61% | 2.40% | 10.83% | 13.66% | 18.06% | 95.2% |
Top-10 weight 52.8% means concentration is in line with most actively-managed Indian equity funds. Effective-N is the inverse Herfindahl index — a measure of "how many positions effectively drive the fund" after weighting. Category: Equity.
Compounding maths on a notional ₹10 lakh lumpsum at 12% gross annual return. Green bar is what you'd have without the fee; red overlay is the fee drag. Fee is constant in this scenario — actual outcomes depend on real returns and any future TER changes.
What an investor SIPping into this fund actually got during named market shocks.
Each row is a back-tested SIP — monthly contribution over the regime's duration, no fees adjustment beyond NAV-baked TER. XIRR is the annualised IRR of those cashflows; Abs return is the absolute cash-on-cash; Max DD is the deepest drawdown experienced mid-investment. Past performance is not indicative of future results.
Alpha is the annualised excess return vs benchmark over the manager's tenure on this scheme. Beat-benchmark = total return beat the index over the same window.
Does the fund get worse as it gets bigger? Each dot is one historical manager-tenure: AUM at tenure-end vs alpha delivered during that tenure.
Correlation is too weak to confirm or rule out capacity-driven alpha decay. Re-evaluate as more manager-tenure data accumulates.
Each dot is one manager-tenure: X = AUM at tenure end, Y = alpha during that tenure. Connecting line in chronological order. Pearson r measures the linear relationship between AUM and alpha across the historical record. n = 2 data points.