ICICI Prudential Mutual Fund, managing Rs 11.72 lakh crore across 272 funds, reshuffled its top holdings in April, according to Motilal Oswal Financial Services. HDFC Bank emerged as the biggest gainer, with its allocation rising to about 6.7% after adding roughly 2.59 crore shares. ICICI Bank slipped slightly even as shares were added. Meanwhile, RIL and Infosys saw weight reductions, alongside trimming in Bharti Airtel and NTPC. The changes also included select additions to Axis Bank and Maruti Suzuki.
ICICI Prudential’s Thematic Advantage Fund of Fund will be reclassified as an Aggressive Hybrid Active FoF effective April 1, 2026. The move follows SEBI’s updated framework for Fund of Fund schemes, shifting the portfolio toward active mutual fund investments. The fund aims to better navigate different market cycles with a more aggressive stance.
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