Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Equity Minimum Variance Fund

Holds 30 companies worth ₹2,180 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹2,451 CrICICI Prudential Equity Minimum Variance Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 8.3% on Aug 2026, ₹2,672 Cr.

  • Largest holding

    Kotak Mahindra Bank LimitedKotak Mahindra Bank Limited is 9.7% of this scheme's NAV.

  • Fund manager

    Nitya MishraRuns its co-manager part since 6 Dec 2024, as the fund house dates it. With Aatur Shah (co-manager).

Overview(1 Sept 2026)

Fund managers2

  1. Nitya MishraCo-manager · Dec 2024 · 13y · CFA PGDM
  2. Aatur ShahCo-manager · Feb 2026 · 10y · CFA B.Com
  1. Vaibhav DusadDec 2024 – Feb 2026

Key facts

Benchmark
Nifty 50 TRI
Expense
Regular 2.94% · Direct 1.86%
Exit load
• 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within one month from allotment. • NIL - If the amount sought to be redeemed or switched out more than one month from the date of allotment
Started
6 Dec 2024
Minimum
₹5,000

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed(6 changes)

Jul 2026

2 changes
  1. Exit load
    26 Jul1% within 12 months → • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within one month from allotment. • NIL - If the amount sought to be redeemed or switched out more than one month from the date of allotment
  2. Expense ratio
    22 JulRegular 1.92% → 2.94%Direct 0.79% → 1.86%

Feb 2026

3 changes
  1. Aatur Shah joined
    8 Febas co-manager
  2. Vaibhav Dusad left
    8 Febran it as co-manager from Dec 2024
  3. Expense ratio
    8 FebDirect 0.76% → 0.79%

Jan 2026

1 change
  1. Expense ratio
    4 Janupto 2.25 % of daily NAV → Regular 1.92% · Direct 0.76%

Source.Its filings at NSE, since Dec 2024.

Fund managers over time(Dec 2024 – now)

  1. Nitya Mishra
  2. Aatur Shah
  3. Vaibhav Dusad
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Jan 2026 – Sept 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
22 Jul 20262.94%1.86%1.07
8 Feb 20261.92%0.79%0.03
4 Jan 20261.92%0.76%–
Direct plan, 22 Jul 2026
1.86%
Regular plan 2.94% · Exit load • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within one month from allotment. • NIL - If the amount sought to be redeemed or switched out more than one month from the date of allotment
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(1 Sept 2026)

Objective

The investment objective of the Scheme is 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. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

At launch
Very High
Type
Open Ended
Benchmark
Nifty 50 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments identified based on Minimum Variance Factor
    Allowed80–100%
  2. Other Equity and Equity related instruments
    Allowed0–20%
  3. Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
    Allowed0–20%
  4. InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.89.0% equity · 11.0% debt and cash

How to invest(1 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
SIP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum
Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000, then re. 1/-
SIP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem
Any amount
Switch minimum
₹5,000
Switch multiples
Any amount
STP how often
Daily,Weekly,Monthly,Fortnightly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* Fortnightly = 1st and 16th day of each month as applicable *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly,Fortnightly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4
SWP how often
Monthly,Quarterly, Half Yearly,Annual
SWP dates
Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum
Any amount, then re. 1/-
SWP instalments
Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details(1 Sept 2026)

What it is

Category
Equity Scheme - Thematic Fund
Offer
18 Nov 2024 to 2 Dec 2024
Started
6 Dec 2024
Reopened
10 Dec 2024
Plans
ICICI Prudential Equity Minimum Varinace Fund - Direct Plan - Growth · ICICI Prudential Equity Minimum Varinace Fund - Direct Plan - IDCW · ICICI Prudential Equity Minimum Varinace Fund - Direct Plan - IDCW Payout · ICICI Prudential Equity Minimum Varinace Fund - Growth · ICICI Prudential Equity Minimum Varinace Fund - IDCW · ICICI Prudential Equity Minimum Varinace Fund - IDCW Payout
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Provisions for Segregated Portfolio have been added as as enabler
Custodian
Citibank N.A., HDFC, SBI-SG Global Securities Services Private Limited and HSBC Limited are acting as Custodians for the Scheme.
Auditor
M/s BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/E/THE/24/10/0184