Investment Objective and Approach

The ICICI Prudential Equity Minimum Variance Fund aims to generate long-term capital appreciation by investing in equity and equity-related instruments through a diversified portfolio. The primary objective is to minimize portfolio volatility while maintaining exposure to equity markets.

Investment Strategy:

- Focuses on constructing a low-volatility equity portfolio using minimum variance methodology

- The fund maintains a PE ratio of 33.44, which is lower than the category PE ratio of 45.65, indicating investment in relatively undervalued stocks

- Asset allocation includes equity holdings across sectors like Oil & Gas (6.86%), with top holdings including ITC Ltd (5.05%), and maintains REITs & InvIT allocation of 1.14% as of July 1, 2025

- Employs risk management techniques to reduce portfolio volatility compared to broader market indices

The fund benchmarks its performance against NIFTY 500 TRI with NIFTY 50 TRI serving as an additional benchmark.

Fund Managers

The fund is managed by experienced professionals who bring extensive expertise to the investment process:

Vaibhav Dusad - Current Fund Manager of ICICI Prudential Equity Minimum Variance Fund

- Holds B.Tech, M.Tech and MBA degrees

- Prior experience includes working with Morgan Stanley, HSBC Global Banking and Markets, CRISIL, and Zinnov Management Consulting

Nitya Mishra - Co-manager

- Holds B.Tech, MBA (Finance) and CFA qualifications

- Previously worked with SBI Capital Markets and CRISIL Ltd before joining ICICI Prudential

About the Fund House (AMC)

ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI Bank and Prudential plc. It is the second-largest asset management company in India after the SBI Mutual Fund.

Key Highlights:

- Established as ICICI Asset Management Company in 1993, later becoming ICICI Prudential Asset Management Company in 1998

- Joint venture between ICICI Bank, a trusted name in Indian financial services, and Prudential Plc, one of UK's largest financial services players

- Corporate headquarters located in Bandra Kurla Complex, Mumbai, with over 1,000 employees across 120 locations serving more than 1.9 million investors as of 2016

- AUM of over Rs. 6,90,000 crore from more than 97 lakh investors as of January 2024

- Offers over 120 mutual fund schemes across equity, debt, and hybrid categories

The AMC provides comprehensive investment solutions including mutual funds, portfolio management services, and international advisory mandates across various asset classes.

Should I Invest in ICICI Prudential Equity Minimum Variance Fund?

This fund may be suitable for investors who:

Ideal For:

- Seek equity exposure with lower volatility than traditional equity funds

- Have moderate risk tolerance but want equity market participation

- Looking for long-term capital appreciation with reduced portfolio fluctuations

- Want professional management focused on risk-adjusted returns

Key Considerations:

- Fund AUM stands at ₹3,646.32 crores as of July 1, 2025, indicating substantial investor confidence

- Expense ratio of 0.69% for direct plan as of July 1, 2025, which is competitive

- Exit load of 1% applies if redeemed within 12 months

- Sharpe ratio of 0.79 indicates reasonable risk-adjusted performance

Risk Factors:

- Being an equity fund, it carries market risk and volatility

- The fund has not consistently outperformed its benchmark index on average 3-year rolling returns, making it less suitable for aggressive SIP investors

- Returns are subject to market conditions and fund management effectiveness

FAQs

What is today's NAV of ICICI Prudential Equity Minimum Variance Fund?

The current NAV is ₹10.71 as of July 1, 2025. NAV is updated daily and reflects the per-unit value of the fund's holdings.

What is the AUM of ICICI Prudential Equity Minimum Variance Fund?

The Assets Under Management (AUM) is ₹3,646.32 crores as of July 1, 2025, indicating substantial investor participation and fund size.

What is the expense ratio of ICICI Prudential Equity Minimum Variance Fund?

The expense ratio for the direct plan is 0.69% as of July 1, 2025. This represents the annual fee charged for fund management.

What are the returns of ICICI Prudential Equity Minimum Variance Fund since inception?

The fund has delivered a CAGR return of 3.80% since inception. Past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in ICICI Prudential Equity Minimum Variance Fund?

The minimum SIP investment is ₹100, making it accessible for small investors to start systematic investing.

How do I invest in ICICI Prudential Equity Minimum Variance Fund?

You can invest through Allvest platform by completing KYC verification, selecting the fund, choosing investment amount, and making payment via various modes including UPI, net banking, or bank transfer.

How to start a SIP in ICICI Prudential Equity Minimum Variance Fund?

Log into Allvest, select the fund, choose SIP option, set investment amount (minimum ₹100), select frequency (monthly/quarterly), and complete the mandate setup for automatic debits.

How do I automate an SIP in ICICI Prudential Equity Minimum Variance Fund?

Through Allvest, set up auto-debit mandate during SIP registration. You can choose bank mandate or UPI AutoPay for seamless automated monthly investments without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Equity Minimum Variance Fund?

Submit redemption request through Allvest platform specifying units or amount to redeem. Note that 1% exit load applies if redeemed within 12 months. Proceeds are credited to your registered bank account within 3-4 business days.