HDFC Bank, RIL, and Infosys Lead ICICI Prudential Mutual Fund’s Top Picks for November 2025

ICICI Prudential Mutual Fund had assets under management (AUM) of ₹11.41 lakh crore as of November 28, 2025. The fund house managed a total of 272 schemes during the month.  

Portfolio disclosures for November indicate continued exposure to large-cap stocks across banking, energy, information technology, infrastructure, pharmaceuticals, power, and automobiles, according to Motilal Oswal Financial Services report. 

Banking Stocks at the Top 

HDFC Bank remained the largest holding in the portfolio in November, with a weight of around 6.6%. The fund added about 1.06 crore shares of the lender during the month, resulting in a 0.1 percentage point increase in allocation compared with October. 

ICICI Bank followed closely, accounting for nearly 6.2% of the portfolio. Around 1.46 crore shares were added, which led to a 0.3 percentage point rise in its weight on a month-on-month basis. 

Energy and IT Holdings 

Reliance Industries continued to feature among the top holdings with a portfolio weight of 4.9% in November. The stock saw a reduction of 0.2 percentage points in allocation compared with the previous month. 

Infosys accounted for 4.1% of the portfolio. The fund house added approximately 25.22 lakh shares during November, leading to a marginal increase of 0.1 percentage points in its weight. 

Other Key Stocks 

Axis Bank had an allocation of 3.7% in November. Although around 76,000 shares were sold from the portfolio, the stock’s overall weight remained unchanged from the previous month.  

Larsen & Toubro represented 3.4% of the holdings, with its allocation declining by 0.1 percentage points over the same period. 

Pharma, Telecom, Power and Auto Exposure 

Sun Pharmaceutical Industries and Bharti Airtel each accounted for 2.6% of the portfolio in November. Despite the sale of about 23.37 lakh shares of Sun Pharma, its weight increased by 0.1 percentage points, while Bharti Airtel’s allocation declined by 0.3 percentage points. 

NTPC had a portfolio weight of 2.5%, lower by 0.1 percentage points, while Maruti Suzuki stood at 2.4%, also down by 0.1 percentage points. 

Read More: RIL, SBI, and ITC Lead SBI Mutual Fund’s Top 10 Picks for November 2025! 

Conclusion 

The November holdings show ICICI Prudential Mutual Fund retaining a stable large-cap portfolio, with modest adjustments across select stocks while keeping overall allocations largely unchanged. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.