Fund manager · ICICI

Ayush Shah

Fund Manager – MF Equity at ICICI. Runs 1 scheme worth ₹1,275 Cr.

Fund house
ICICIThey run their schemes at ICICI.
AUM they run
₹1,275 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.
Schemes
1 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Aug 2026.
Experience
4 yearsOver 4 years of experience

What Ayush Shah's schemes hold^{(Aug 2026 – Sept 2026)}

What Ayush Shah's schemes hold in Sept 2026. Tick up to 2 to plot them.
Plot	52 companies ·	₹ Cr
	HDFC Bank	124
	ICICI Bank	100
	Axis Bank	61.2
	TVS Motor Co Ltd	61.2
	MARUTI SUZUKI INDA LIMITED	54.4
	Sun Pharmaceutical Ind Ltd	45.2
	Avenue Supermarts Limited	42.3
	Mahindra and Mahindra Limited	38.4
	Bharti Airtel Limited	38
	Interglobe Aviation Limited	36.8
	Eternal Limited	34.9
	LIC of India Ltd	31.6
	SBI Life Insurance Co Ltd	31.5
	Inox Wind Limited	28.1
	Chalet Hotels Limited	28
	State Bank of India	27.1
	Bajaj Holdings and Investment Ltd	25.9
	Reliance Industries	22.8
	Harsha Engineers International Limited	22.5
	Rolex Rings Limited	22.1
	Divgi Torqtransfer Systems Limited	20.8
	FDC Limited	20.5
	Swiggy Limited	19.4
	ICICI Lombard General Insurance Co	16.5
	Angel One Limited	16.4
	Rainbow Children s Medicare Limited	15.9
	Carborundum Universal Limited	15.7
	Infosys	15.7
	Pondy Oxides Chemical Ltd	15.5
	Tata Communications	15.5
	Inox Green Energy Services Limited	15.1
	Ethos Limited	14.7
	Grindwell Norton Limited	14.5
	Tata Consultancy Services	13.9
	Havells India	13.3
	Jindal Saw Limited	12.9
	Gujarat Pipavav Port	12.9
	Tech Mahindra	12.6
	Britannia Industries	12.2
	PI Industries Ltd	11.9
	V Guard Industries Limited	9.7
	Dhanuka Agritech Limited	7.8
	Info Edge India Limited	7.7
	Delhivery Limited	7.6
	Maharashtra Seamless Limited	7
	Natco Pharma	3.4
	Mas Financial Services Limited	3.4
	Astra IDL Ltd	2.8
	Power Grid Corporation of India	0.98
	Interarch Building Products Ltd	0.37

HDFC Bank
ICICI Bank

Market value of each ticked company across the schemes Ayush Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.
Month	HDFC Bank	ICICI Bank
Sept 2025	₹0 Cr	₹0 Cr
Oct 2025	₹0 Cr	₹0 Cr
Nov 2025	₹0 Cr	₹0 Cr
Dec 2025	₹0 Cr	₹0 Cr
Jan 2026	₹0 Cr	₹0 Cr
Feb 2026	₹0 Cr	₹0 Cr
Mar 2026	₹0 Cr	₹0 Cr
Apr 2026	₹0 Cr	₹0 Cr
May 2026	₹0 Cr	₹0 Cr
Jun 2026	₹0 Cr	₹0 Cr
Jul 2026	₹0 Cr	₹0 Cr
Aug 2026	₹123 Cr	₹105 Cr
Sept 2026	₹124 Cr	₹100 Cr

Fig. 1.Market value of each ticked company across the schemes Ayush Shah runs, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Allocation^{(Sept 2026)}

Market cap

		% of AUM
Large Cap	21	65.18

Mid Cap	6	6.61

Small Cap	24	24.91

Unlisted	1	0.009

Cash & others		3.29

Sectors

Companies

Fig. 2.What the schemes this manager runs hold, all together, by market cap, by sector and by company. Hover a slice or a row; click a slice to open it.

What Ayush Shah bought and sold^{(Aug 2026 – Sept 2026)}

What Ayush Shah bought and sold. Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.

Fig. 3.Change in market value since the previous month, ₹ crore. Month end. Source: AMC monthly portfolio disclosures.