ICICI Prudential Innovation Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Fund House : ICICI Prudential Mutual Fund

Portfolio Turnover Ratio : 112.00%. Category average turnover ratio is 153.01%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 93.57% | F&O Holdings : 0.00%| Foreign Equity Holdings : 2.67%| Total : 96.24%

No of Stocks : 55 (Category Avg - 44.44) | Large Cap Investments : 39.99%| Mid Cap Investments : 9.79% | Small Cap Investments : 8.41% | Other : 38.06%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	55	43.41
Top 5 Stock Weight	19.54%	32.46%
Top 10 Stock Weight	33%	49.59%
Top 3 Sector Weight	28.65%	43.5%

Category - Sectoral/Thematic

Particulars	This Scheme	Category
Average mcap (Cr)	80524.71	72450.77
Holdings in large cap stocks	39.99%	37.14%
Holdings in mid cap stocks	9.79%	14.47%
Holdings in small cap stocks	8.41%	13.1%

Category - Sectoral/Thematic

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	3682.8	4.96%	-0.03%	6.7% (Jul 2025)	4.96% (Oct 2025)	27.37 L	1.00 L
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	3446.2	4.64%	-0.01%	4.78% (Aug 2025)	1.94% (Dec 2024)	22.00 L	-1.55 L
Infosys Ltd.	Computers - software & consulting	2908.1	3.91%	-0.32%	4.23% (Sep 2025)	1.75% (Nov 2024)	19.62 L	-1.30 L
Info Edge (India) Ltd.	Internet & catalogue retail	2242.6	3.02%	-0.07%	3.08% (Sep 2025)	1.68% (Apr 2025)	16.27 L	-0.52 L
Axis Bank Ltd.	Private sector bank	2234.8	3.01%	-0.23%	3.84% (Jun 2025)	1.82% (Nov 2024)	18.13 L	-2.28 L
Reliance Industries Ltd.	Refineries & marketing	2138.6	2.88%	-0.50%	4.8% (Apr 2025)	2.24% (Dec 2024)	14.39 L	-3.26 L
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	1996.4	2.69%	-0.29%	3.25% (Nov 2024)	2.19% (Mar 2025)	11.81 L	-1.50 L
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	1973.7	2.66%	-0.06%	3.31% (Jul 2025)	0% (Nov 2024)	5.66 L	0.00
Pidilite Industries Ltd.	Specialty chemicals	1970.2	2.65%	-0.16%	3.95% (May 2025)	2.65% (Oct 2025)	13.64 L	0.00
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	1919.3	2.58%	-0.42%	4.08% (Nov 2024)	2.58% (Oct 2025)	1.19 L	-0.15 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
ICICI Bank Ltd.	Private sector bank	7.97	3682.8	4.96%	-0.03%	6.7% (Jul 2025)	4.96% (Oct 2025)	27.37 L	1.00 L	Large Cap	39.99
Bharti Airtel Ltd. - Partly Paid	Telecom - cellular & fixed line services	4.64	3446.2	4.64%	-0.01%	4.78% (Aug 2025)	1.94% (Dec 2024)	22.00 L	-1.55 L	Other	38.06
Infosys Ltd.	Computers - software & consulting	8.79	2908.1	3.91%	-0.32%	4.23% (Sep 2025)	1.75% (Nov 2024)	19.62 L	-1.30 L	Large Cap	39.99
Info Edge (India) Ltd.	Internet & catalogue retail	3.02	2242.6	3.02%	-0.07%	3.08% (Sep 2025)	1.68% (Apr 2025)	16.27 L	-0.52 L	Other	38.06
Axis Bank Ltd.	Private sector bank	7.97	2234.8	3.01%	-0.23%	3.84% (Jun 2025)	1.82% (Nov 2024)	18.13 L	-2.28 L	Large Cap	39.99
Reliance Industries Ltd.	Refineries & marketing	2.88	2138.6	2.88%	-0.50%	4.8% (Apr 2025)	2.24% (Dec 2024)	14.39 L	-3.26 L	Large Cap	39.99
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	11.89	1996.4	2.69%	-0.29%	3.25% (Nov 2024)	2.19% (Mar 2025)	11.81 L	-1.50 L	Large Cap	39.99
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	6.35	1973.7	2.66%	-0.06%	3.31% (Jul 2025)	0% (Nov 2024)	5.66 L	0.00	Large Cap	39.99
Pidilite Industries Ltd.	Specialty chemicals	2.65	1970.2	2.65%	-0.16%	3.95% (May 2025)	2.65% (Oct 2025)	13.64 L	0.00	Large Cap	39.99
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	6.35	1919.3	2.58%	-0.42%	4.08% (Nov 2024)	2.58% (Oct 2025)	1.19 L	-0.15 L	Large Cap	39.99
Computer Age Management Services Pvt Ltd.	Depositories, clearing houses and other intermediaries	2.5	1860.8	2.50%	0.44%	2.5% (Oct 2025)	0% (Nov 2024)	4.72 L	80.00 k	Other	38.06
Lupin Ltd.	Pharmaceuticals	11.89	1796.4	2.42%	-0.20%	3.07% (Jul 2025)	2.42% (Oct 2025)	9.15 L	-0.63 L	Large Cap	39.99
National Thermal Power Corporation Ltd.	Power generation	2.26	1681.7	2.26%	0.07%	2.26% (Oct 2025)	1.34% (Dec 2024)	49.91 L	4.00 L	Large Cap	39.99
TVS Motor Company Ltd.	2/3 wheelers	2.26	1655.4	2.23%	-0.31%	2.74% (Aug 2025)	1.18% (Nov 2024)	4.72 L	-0.54 L	Mid Cap	9.79
Godrej Consumer Products Ltd	Personal care	2.22	1648.8	2.22%	0.30%	2.58% (Mar 2025)	1.92% (Sep 2025)	14.74 L	3.00 L	Large Cap	39.99
Brigade Enterprises Ltd.	Residential, commercial projects	2.21	1645.5	2.21%	0.22%	2.21% (Oct 2025)	0% (Nov 2024)	15.86 L	0.00	Small Cap	8.41
Persistent Systems Ltd.	Computers - software & consulting	8.79	1605.3	2.16%	-0.34%	2.5% (Sep 2025)	0% (Nov 2024)	2.71 L	-0.99 L	Other	38.06
Sagility India Ltd.	It enabled services	2.14	1593.9	2.14%	0.08%	2.14% (Oct 2025)	0.82% (Apr 2025)	3.03 Cr	-0.42 Cr	Other	38.06
360 ONE WAM Ltd.	Other financial services	2.06	1530.1	2.06%	-0.26%	2.32% (Sep 2025)	0% (Nov 2024)	14.16 L	-2.00 L	Other	38.06
Supreme Industries Ltd.	Plastic products - industrial	2.06	1527.8	2.06%	0.34%	2.06% (Oct 2025)	0% (Nov 2024)	4.01 L	1.10 L	Mid Cap	9.79
Blue Star Ltd.	Household appliances	2.01	1490.6	2.01%	0.46%	2.01% (Oct 2025)	0% (Nov 2024)	7.69 L	1.82 L	Small Cap	8.41
HDFC Life Insurance Company Ltd.	Life insurance	4.01	1378.6	1.85%	-0.14%	2.4% (Nov 2024)	1.58% (Jun 2025)	18.84 L	0.00	Large Cap	39.99
KEI Industries Ltd.	Cables - electricals	1.66	1234.5	1.66%	0.12%	1.66% (Oct 2025)	0.5% (Dec 2024)	3.06 L	35.00 k	Small Cap	8.41
Divis Laboratories Ltd.	Pharmaceuticals	11.89	1201.3	1.62%	0.19%	1.62% (Oct 2025)	0% (Nov 2024)	1.78 L	0.00	Large Cap	39.99
Brainbees Solutions Ltd.	E-retail/ e-commerce	2.73	1173.7	1.58%	-0.14%	1.72% (Sep 2025)	0% (Nov 2024)	33.69 L	0.00	Other	38.06
Larsen & Toubro Ltd.	Civil construction	1.57	1168.4	1.57%	-0.04%	2.94% (Mar 2025)	1.57% (Oct 2025)	2.90 L	-0.25 L	Large Cap	39.99
Accenture PLC	Foreign equity	2.67	1167.9	1.57%	-0.04%	1.62% (Sep 2025)	0.35% (Jul 2025)	52.63 k	0.00	Other	38.06
Aditya Birla Sun Life AMC Ltd.	Asset management company	1.54	1146.5	1.54%	-0.13%	1.67% (Sep 2025)	0% (Nov 2024)	15.05 L	0.00	Other	38.06
Cummins India Ltd.	Compressors, pumps & diesel engines	2.09	1127.6	1.52%	-0.60%	2.62% (Nov 2024)	1.37% (May 2025)	2.60 L	-1.25 L	Mid Cap	9.79
Aurobindo Pharma Ltd.	Pharmaceuticals	11.89	1109.4	1.49%	-0.47%	2% (Aug 2025)	1.34% (Mar 2025)	9.74 L	-3.17 L	Large Cap	39.99
Life Insurance Corporation Of India	Life insurance	4.01	992.5	1.34%	-0.06%	1.53% (Jun 2025)	0% (Nov 2024)	11.09 L	0.00	Other	38.06
# Hindustan Aeronautics Ltd.	Aerospace & defense	1.33	991.5	1.33%	1.33%	1.33% (Oct 2025)	0% (Nov 2024)	2.12 L	2.12 L	Other	38.06
Sona BLW Precision Forgings Ltd.	Auto components & equipments	3.58	990.2	1.33%	0.12%	1.33% (Oct 2025)	0% (Nov 2024)	20.95 L	0.00	Other	38.06
Alkem Laboratories Ltd.	Pharmaceuticals	11.89	977.7	1.32%	-0.03%	1.49% (Jul 2025)	0% (Nov 2024)	1.78 L	0.00	Mid Cap	9.79
# Thyrocare Technologies Ltd.	Healthcare service provider	2.38	959.9	1.29%	1.29%	1.29% (Oct 2025)	0% (Nov 2024)	6.87 L	6.87 L	Small Cap	8.41
Zensar Technologies Ltd.	Computers - software & consulting	8.79	918.6	1.24%	0.07%	1.24% (Oct 2025)	0% (Nov 2024)	11.52 L	59.88 k	Small Cap	8.41
Dr. Reddys Laboratories Ltd.	Pharmaceuticals	11.89	911.9	1.23%	0.09%	1.23% (Oct 2025)	0% (Nov 2024)	7.61 L	1.00 L	Other	38.06
Motherson Sumi Systems Ltd.	Auto components & equipments	3.58	907.7	1.22%	0.18%	1.22% (Oct 2025)	0.58% (Dec 2024)	86.13 L	16.00 L	Large Cap	39.99
AIA Engineering Ltd.	Castings & forgings	1.18	877.7	1.18%	0.02%	1.18% (Oct 2025)	0% (Nov 2024)	2.70 L	0.00	Mid Cap	9.79
Eternal Ltd.	E-retail/ e-commerce	2.73	856.4	1.15%	-0.08%	1.23% (Sep 2025)	0% (Nov 2024)	26.95 L	0.00	Other	38.06
Suven Pharmaceuticals Ltd.	Pharmaceuticals	11.89	828.9	1.12%	0.16%	1.12% (Oct 2025)	0% (Nov 2024)	11.00 L	3.24 L	Other	38.06
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	6.35	824.5	1.11%	-0.84%	1.99% (May 2025)	0% (Nov 2024)	3.38 L	-2.00 L	Other	38.06
Microsoft Corp	Foreign equity	2.67	816.5	1.10%	-0.05%	1.96% (Dec 2024)	0.91% (Mar 2025)	17.77 k	0.00	Other	38.06
Vijaya Diagnostic Centre Ltd.	Healthcare service provider	2.38	808.8	1.09%	-0.05%	1.14% (Sep 2025)	0% (Nov 2024)	8.18 L	3.89 k	Other	38.06
Motherson Sumi Wiring India Ltd.	Auto components & equipments	3.58	767.2	1.03%	-0.01%	1.11% (Aug 2025)	0% (Nov 2024)	1.63 Cr	0.00	Other	38.06
TD Power Systems Ltd.	Heavy electrical equipment	0.94	696.9	0.94%	0.19%	0.94% (Oct 2025)	0% (Nov 2024)	8.99 L	0.00	Other	38.06
LTIMindtree Ltd.	Computers - software & consulting	8.79	684.2	0.92%	-1.09%	2.27% (Jan 2025)	0.92% (Oct 2025)	1.20 L	-1.57 L	Mid Cap	9.79
Ivalue Infosolutions Ltd.	Computers hardware & equipments	0.89	658.2	0.89%	0.02%	0.89% (Oct 2025)	0% (Nov 2024)	23.02 L	79.64 k	Other	38.06
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	4.01	610.4	0.82%	0.82%	0.82% (Oct 2025)	0% (Nov 2024)	52.46 L	52.46 L	Other	38.06
Aditya Vision Ltd.	Speciality retail	0.64	479.1	0.64%	-0.01%	0.66% (Sep 2025)	0% (Nov 2024)	8.35 L	0.00	Other	38.06
KSB Ltd.	Compressors, pumps & diesel engines	2.09	427.3	0.57%	-0.05%	0.67% (May 2025)	0.54% (Jan 2025)	5.40 L	0.00	Other	38.06
PG Electroplast Ltd.	Consumer electronics	0.57	422.6	0.57%	0.05%	0.57% (Oct 2025)	0% (Nov 2024)	7.40 L	0.00	Other	38.06
# Mphasis Ltd.	Computers - software & consulting	8.79	418.9	0.56%	0.56%	0.56% (Oct 2025)	0% (Nov 2024)	1.52 L	1.52 L	Mid Cap	9.79
Star Health and Allied Insurance Co Ltd.	General insurance	0.56	415.8	0.56%	0.03%	0.7% (Dec 2024)	0.53% (Sep 2025)	8.41 L	0.00	Other	38.06
# TVS Motor Company Ltd. - Preference Shares	2/3 wheelers	2.26	24.1	0.03%	0.00%	0% (Nov 2025)	0% (Nov 2025)	23.83 L	0.00	Other	38.06
ABB India Ltd.	Heavy electrical equipment	0.94	808.7	0.00%	-1.13%	-	-	-	-	Large Cap	39.99

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Canara HSBC Life Insurance Co.Ltd.	Life insurance	610.4	0.82%	0.82%	0.82% (Oct 2025)	0% (Nov 2024)	52.46 L	5246138
# Thyrocare Technologies Ltd.	Healthcare service provider	959.9	1.29%	1.29%	1.29% (Oct 2025)	0% (Nov 2024)	6.87 L	686950
# Mphasis Ltd.	Computers - software & consulting	418.9	0.56%	0.56%	0.56% (Oct 2025)	0% (Nov 2024)	1.52 L	151525
# Hindustan Aeronautics Ltd.	Aerospace & defense	991.5	1.33%	1.33%	1.33% (Oct 2025)	0% (Nov 2024)	2.12 L	211870

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ABB India Ltd.	Heavy electrical equipment	808.7	0.00%	-1.13%	1.64% (Dec 2024)	0% (Nov 2024)	0.00	-156026

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
ICICI Bank Ltd.	4.96%	4.98%	5.64%	6.70%	6.30%	6.55%	5.53%	5.46%	5.17%	4.97%	5.12%	5.18%	3.86%
Pidilite Industries Ltd.	2.65%	2.81%	2.92%	3.38%	3.58%	3.95%	3.72%	3.52%	3.48%	3.48%	3.56%	3.75%	3.77%
Reliance Industries Ltd.	2.88%	3.38%	3.99%	4.15%	4.03%	4.70%	4.80%	3.41%	3.07%	2.80%	2.24%	2.37%	2.48%
Maruti Suzuki India Ltd.	2.58%	3.00%	3.29%	2.68%	2.89%	3.20%	4.03%	3.13%	2.75%	2.62%	4.01%	4.08%	4.14%
Bharti Airtel Ltd. - Partly Paid	4.64%	4.65%	4.78%	3.02%	2.97%	2.83%	2.95%	2.82%	2.32%	2.25%	1.94%	2.00%	1.41%
Axis Bank Ltd.	3.01%	3.24%	3.32%	3.44%	3.84%	3.64%	3.77%	3.23%	2.81%	2.29%	2.21%	1.82%	1.88%
Lupin Ltd.	2.42%	2.62%	2.92%	3.07%	2.87%	3.00%	2.71%	2.74%	2.82%	2.85%	3.02%	2.63%	2.59%
Infosys Ltd.	3.91%	4.23%	4.16%	3.90%	2.62%	2.65%	2.06%	1.75%	2.13%	2.20%	1.77%	1.75%	1.67%
Sun Pharmaceutical Industries Ltd.	2.69%	2.97%	2.48%	2.55%	2.41%	2.51%	2.26%	2.19%	2.41%	2.44%	2.43%	3.25%	3.42%
Mahindra & Mahindra Ltd.	2.66%	2.72%	3.25%	3.31%	2.95%	2.87%	2.27%	1.68%	1.72%	2.32%	2.00%	-	-
Bharti Airtel Ltd.	-	-	-	2.37%	2.47%	3.19%	2.54%	2.46%	2.36%	2.25%	2.21%	2.26%	2.27%
Larsen & Toubro Ltd.	1.57%	1.62%	2.40%	2.46%	2.47%	2.57%	2.92%	2.94%	2.41%	2.24%	2.05%	2.11%	2.60%
Godrej Consumer Products Ltd	2.22%	1.92%	2.30%	2.47%	2.30%	2.23%	2.30%	2.58%	2.15%	2.12%	2.35%	2.45%	2.22%
Hero Motocorp Ltd.	-	-	-	-	-	-	-	-	-	-	1.96%	2.24%	2.38%
TVS Motor Company Ltd.	2.23%	2.53%	2.74%	2.57%	2.42%	2.40%	2.38%	2.25%	2.20%	2.24%	1.92%	1.18%	1.23%

No of Debt Holding 5 (Category Avg - 0.87) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 31st Oct,2025)

Security Type	% Weight	Category Average
GOI	0.00%	0.02%
T-Bills	0.64%	0.43%

Category - Sectoral/Thematic

Security Type	% Weight	Category Average
Government Backed	0.64%	0.44%
Low Risk	0.00%	0.00%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Sectoral/Thematic

Debt holding in Portfolio (as on 31st Oct,2025)

Instrument	Type	Sector	Value (Mn)	% of Total Holding	Quantity
Bond - T-Bill	T-Bills	Other	179.68	0.24%	18.00 L
Bond - T-Bill	T-Bills	Other	119.91	0.16%	12.00 L
Bond - T-Bill	T-Bills	Other	79.27	0.11%	8.00 L
Bond - T-Bill	T-Bills	Other	69.44	0.09%	7.00 L
Bond - T-Bill	T-Bills	Other	29.88	0.04%	3.00 L