ICICI Prudential Mutual Fund Top 10 Stock Holdings for May 2026: HDFC Bank, ICICI Bank, RIL and Others

In May 2026, ICICI Prudential Mutual Fund disclosed its top holdings, showcasing significant allocations in leading corporations. The fund managed assets worth ₹11.78 lakh crore, making it the second-largest asset management company (AMC) based on size as of May 31, 2026, as per a report by Motilal Oswal Financial Services. 

ICICI Prudential Mutual Fund's Top 2 holdings 

Among the prominent holdings were HDFC Bank and ICICI Bank, with allocations of 7% and 5.7%, respectively. HDFC Bank's shares in the portfolio increased to 4.68 crore, causing a 0.2% rise in its weight, while ICICI Bank's weight remained consistent. 

Allocation in RIL and Axis Bank Shares 

The fund had a 4.1% allocation in Reliance Industries Limited (RIL) and a 3.4% allocation in Axis Bank. While RIL saw a 0.2% decrease, Axis Bank experienced a 0.1% increase in their respective weights compared to the previous month. 

Infosys and L&T Allocations 

Investment in Infosys stood at 3.1%, reflecting a 0.1% decrease, whereas Larsen & Toubro (L&T) had a stable 3% allocation compared to the previous month. 

Read More: Axis and SBI Mutual Funds Acquires Stake in DOMS Industries; HDFC Life Sells Finolex Industries! 

Telecom and Pharmaceuticals Sector Allocation 

The fund allocated 2.7% to Bharti Airtel, which witnessed a 0.1% decline in weight. Sun Pharma maintained a 2.3% allocation, as did Maruti Suzuki with 2.2%, with no changes in their weights from the previous month. 

NTPC's Declining Allocation Share in the Portfolio 

NTPC's allocation stood at 2.1%, experiencing a 0.2% decrease. As an energy sector representative, this reflects the fund's evolving sectoral focus. 

Conclusion 

In May 2026, ICICI Prudential Mutual Fund's portfolio highlighted its top allocations, featuring a 7% stake in HDFC Bank, 5.7% in ICICI Bank, and varied holdings in sectors such as telecoms, pharma, and energy. The total assets under management reached ₹11.78 lakh crore. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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 scheme-related documents carefully.