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Fund Overview

Fund Size

Fund Size

₹15,958 Cr

Expense Ratio

Expense Ratio

0.75%

ISIN

ISIN

INF109KC1P24

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

18 Jan 2021

About this fund

ICICI Prudential Business Cycle Fund Direct Growth is a Equity - Other mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 5 years and 19 days, having been launched on 18-Jan-21.
As of 04-Feb-26, it has a Net Asset Value (NAV) of ₹27.30, Assets Under Management (AUM) of 15958.05 Crores, and an expense ratio of 0.75%.
  • ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 22.02% since inception.
  • The fund's asset allocation comprises around 96.96% in equities, 0.00% in debts, and 3.04% in cash & cash equivalents.
  • You can start investing in ICICI Prudential Business Cycle Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+17.67%

(Cat Avg.)

3 Years

+24.11%

(Cat Avg.)

5 Years

+21.08%

(Cat Avg.)

Since Inception

+22.02%

(Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity15,473.02 Cr96.96%
Others485.03 Cr3.04%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity1,547.37 Cr9.70%
ICICI Bank LtdEquity1,209.86 Cr7.58%
TrepsCash - Repurchase Agreement1,103.25 Cr6.91%
Larsen & Toubro LtdEquity1,063.92 Cr6.67%
Reliance Industries LtdEquity793.88 Cr4.97%
Nifty 50 Index $$Equity Index - Future785.06 Cr4.92%
Cash Offset For DerivativesCash - General Offset-785.06 Cr4.92%
Axis Bank LtdEquity659.31 Cr4.13%
Maruti Suzuki India LtdEquity599.76 Cr3.76%
Bharti Airtel LtdEquity484.06 Cr3.03%
NTPC LtdEquity477.47 Cr2.99%
Xtrackers Harvest CSI 300 China A ETFMutual Fund - ETF471.5 Cr2.95%
UltraTech Cement LtdEquity465.61 Cr2.92%
Hero MotoCorp LtdEquity421.2 Cr2.64%
DLF LtdEquity376.66 Cr2.36%
Cummins India LtdEquity356.11 Cr2.23%
HDFC Life Insurance Co LtdEquity352.28 Cr2.21%
Asian Paints LtdEquity321.39 Cr2.01%
Vedanta LtdEquity302.04 Cr1.89%
Mahindra & Mahindra LtdEquity281.98 Cr1.77%
SBI Life Insurance Co LtdEquity269.77 Cr1.69%
Oil & Natural Gas Corp LtdEquity237.85 Cr1.49%
InterGlobe Aviation LtdEquity212.99 Cr1.33%
ICICI Prudential Life Insurance Co LtdEquity185.77 Cr1.16%
Bajaj Auto LtdEquity164.79 Cr1.03%
Info Edge (India) LtdEquity161.57 Cr1.01%
Hindustan Aeronautics Ltd Ordinary SharesEquity157.12 Cr0.98%
Prestige Estates Projects LtdEquity149.68 Cr0.94%
Page Industries LtdEquity148.72 Cr0.93%
Shree Cement LtdEquity123.01 Cr0.77%
Ashok Leyland LtdEquity121.59 Cr0.76%
TbillBond - Gov't/Treasury119.64 Cr0.75%
Bank of BarodaEquity114.97 Cr0.72%
Power Grid Corp Of India LtdEquity112.47 Cr0.70%
Oil India LtdEquity107.35 Cr0.67%
Gujarat Pipavav Port LtdEquity105.81 Cr0.66%
HDFC Asset Management Co LtdEquity102.24 Cr0.64%
ABB India LtdEquity100.84 Cr0.63%
NHPC LtdEquity99.71 Cr0.62%
Hyundai Motor India LtdEquity99.38 Cr0.62%
PI Industries LtdEquity87.37 Cr0.55%
Timken India LtdEquity86.84 Cr0.54%
3M India LtdEquity85.99 Cr0.54%
Siemens LtdEquity85.07 Cr0.53%
Atul LtdEquity80.49 Cr0.50%
Oberoi Realty LtdEquity77.19 Cr0.48%
Life Insurance Corporation of IndiaEquity70.93 Cr0.44%
Ingersoll-Rand (India) LtdEquity69.52 Cr0.44%
Trent LtdEquity67.11 Cr0.42%
Tata Power Co LtdEquity64.25 Cr0.40%
Indian Energy Exchange LtdEquity61.25 Cr0.38%
SKF India (Industrial) LtdEquity57.97 Cr0.36%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity52.19 Cr0.33%
Swiggy LtdEquity50.86 Cr0.32%
IndiaMART InterMESH LtdEquity50.76 Cr0.32%
Triveni Turbine LtdEquity50.07 Cr0.31%
Affle 3i LtdEquity46.92 Cr0.29%
Honeywell Automation India LtdEquity42.65 Cr0.27%
TVS Holdings LtdEquity42.45 Cr0.27%
Supreme Industries LtdEquity42.43 Cr0.27%
SKF India LtdEquity41.26 Cr0.26%
Aarti Industries LtdEquity41.11 Cr0.26%
UTI Asset Management Co LtdEquity37.36 Cr0.23%
LIC Housing Finance LtdEquity34.57 Cr0.22%
Union Bank of IndiaEquity34.17 Cr0.21%
Cash Margin - DerivativesCash - Collateral33.2 Cr0.21%
Amara Raja Energy & Mobility LtdEquity33.09 Cr0.21%
CARE Ratings LtdEquity32.61 Cr0.20%
Balkrishna Industries LtdEquity30.32 Cr0.19%
Gujarat State Petronet LtdEquity24.76 Cr0.16%
Schaeffler India LtdEquity22.1 Cr0.14%
Automotive Axles LtdEquity21.29 Cr0.13%
Can Fin Homes LtdEquity19.99 Cr0.13%
Tata Motors LtdEquity18.79 Cr0.12%
Birla Corp LtdEquity18.42 Cr0.12%
Tata Motors Passenger Vehicles LtdEquity16.62 Cr0.10%
Grindwell Norton LtdEquity15.82 Cr0.10%
GAIL (India) LtdEquity10.8 Cr0.07%
India (Republic of)Bond - Short-term Government Bills9.98 Cr0.06%
Net Current AssetsCash3.22 Cr0.02%
Sundaram Finance LtdEquity2.64 Cr0.02%
Camlin Fine Sciences LtdEquity0.74 Cr0.00%
Reliance Industries Ltd. (Covered Call) $$Equity - Future-0.06 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

73.02%

Mid Cap Stocks

9.38%

Small Cap Stocks

6.69%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services4,735.08 Cr29.67%
Industrials2,729.09 Cr17.10%
Consumer Cyclical1,985.37 Cr12.44%
Basic Materials1,492.39 Cr9.35%
Energy1,139.08 Cr7.14%
Utilities789.46 Cr4.95%
Communication Services743.32 Cr4.66%
Real Estate603.53 Cr3.78%

Risk & Performance Ratios

Standard Deviation

This fund

11.56%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

1.32

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Manish Banthia

Manish Banthia

Since January 2021

AT

Anish Tawakley

Since January 2021

SD

Sharmila D'Silva

Since July 2022

DJ

Divya Jain

Since January 2026

MT

Manan Tijoriwala

Since August 2025

Additional Scheme Detailsas of 31st December 2025

ISIN
INF109KC1P24
Expense Ratio
0.75%
Exit Load
1.00%
Fund Size
₹15,958 Cr
Age
5 years
Lumpsum Minimum
₹5,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Equity - Other Funds

Fund nameExpense RatioExit LoadFund size
1Y
Mirae Asset BSE India Defence ETF

Very High Risk

----
Kotak Services Fund Regular Growth

Very High Risk

-0.0%--
Kotak Services Fund Direct Growth

Very High Risk

-0.0%--
SBI Quality Fund Direct Growth

Very High Risk

-1.0%--
Mirae Asset BSE India Defence ETF FOF Direct Growth

Very High Risk

-0.0%--
Mirae Asset BSE India Defence ETF FOF Regular Growth

Very High Risk

-0.0%--
SBI Quality Fund Regular Growth

Very High Risk

-1.0%--
Motilal Oswal Nifty MNC ETF

Very High Risk

----
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

-0.0%--
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

-0.0%--
Groww Nifty PSE ETF

----
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

-1.0%--
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth

Very High Risk

-1.0%--
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

-0.0%--
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

-0.0%--
Groww Nifty Chemicals ETF

Very High Risk

----
Diviniti Equity Long Short Fund Direct Growth

Very High Risk

-0.0%₹288.91 Cr-
Diviniti Equity Long Short Fund Regular Growth

Very High Risk

-0.0%₹288.91 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.4%-₹7.77 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.3%0.0%₹907.29 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.7%0.0%₹907.29 Cr-
Altiva Hybrid Long-Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹1306.26 Cr-
Magnum Hybrid Long Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹2118.93 Cr-
Altiva Hybrid Long-Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹1306.26 Cr-
Magnum Hybrid Long Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹2118.93 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.3%1.0%₹877.10 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.2%1.0%₹877.10 Cr-
qsif Equity Long-Short Fund Direct Growth

Very High Risk

-1.0%--
qsif Equity Long-Short Fund Regular Growth

Very High Risk

-1.0%--
The Wealth Company Ethical Fund Direct Growth

Very High Risk

0.8%0.0%₹39.72 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.3%0.0%₹39.72 Cr-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth

Very High Risk

0.6%1.0%₹769.73 Cr-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth

Very High Risk

2.3%1.0%₹769.73 Cr-
Motilal Oswal Nifty Alpha 50 ETF

Very High Risk

0.5%-₹5.64 Cr-
Kotak Active Momentum Fund Direct Growth

Very High Risk

0.8%0.0%₹1391.80 Cr-
Kotak Active Momentum Fund Regular Growth

Very High Risk

2.1%0.0%₹1391.80 Cr-
Motilal Oswal Special Opportunities Fund Direct Growth

Very High Risk

2.5%1.0%₹68.91 Cr-
Motilal Oswal Special Opportunities Fund Regular Growth

Very High Risk

2.6%1.0%₹68.91 Cr-
Bandhan Multi-Factor Fund Regular Growth

Very High Risk

2.4%0.0%₹588.87 Cr-
Bandhan Multi-Factor Fund Direct Growth

Very High Risk

0.8%0.0%₹588.87 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

0.9%1.0%₹1438.36 Cr-
ICICI Prudential Active Momentum Fund Regular Growth

Moderate Risk

2.1%1.0%₹1438.36 Cr-
Axis Services Opportunities Fund Direct Growth

Very High Risk

0.7%1.0%₹1859.16 Cr-
Axis Services Opportunities Fund Regular Growth

Very High Risk

2.1%1.0%₹1859.16 Cr-
Nippon India MNC Fund Direct Growth

Very High Risk

1.2%1.0%₹440.65 Cr-
Nippon India MNC Fund Regular Growth

Very High Risk

2.5%1.0%₹440.65 Cr-
HDFC Innovation Fund Direct Growth

Very High Risk

0.7%1.0%₹2707.09 Cr-
HDFC Innovation Fund Regular Growth

Very High Risk

2.0%1.0%₹2707.09 Cr-
Mirae Asset Nifty India Internet ETF

Very High Risk

0.2%-₹18.35 Cr-
Motilal Oswal Nifty India Tourism ETF

Very High Risk

0.5%-₹4.71 Cr-

About the AMC

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund

Total AUM

₹11,50,127 Cr

Address

3rd Floor, Hallmark Business Plaza, Mumbai, 400 051

Other Funds by ICICI Prudential Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

-1.0%--
iSIF Hybrid Long-Short Fund Direct Growth

Very High Risk

-1.0%--
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.2%1.0%₹877.10 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

0.9%1.0%₹1438.36 Cr-
ICICI Prudential Nifty Private Bank Index Fund Direct Growth

Very High Risk

0.3%0.0%₹20.77 Cr-
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

Very High Risk

0.3%0.0%₹26.63 Cr-
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹22.85 Cr-
ICICI Prudential Quality Fund Direct Growth

Very High Risk

0.8%1.0%₹2316.38 Cr-
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth

Very High Risk

0.7%0.0%₹32.05 Cr-
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹443.73 Cr-
ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index - Dec 2026 Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹8.51 Cr-
ICICI Prudential Rural Opportunities Fund Direct Growth

Moderate Risk

0.9%1.0%₹2289.94 Cr15.3%
ICICI Prudential Nifty 500 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹63.22 Cr8.9%
ICICI Prudential Equity Minimum Variance Fund Direct Growth

Very High Risk

0.8%1.0%₹3843.27 Cr12.2%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹115.38 Cr33.3%
ICICI Prudential Energy Opportunities Fund Direct Growth

Very High Risk

0.6%1.0%₹9828.30 Cr17.4%
ICICI Prudential Fixed Maturity Plan Series 89 91 Days Plan G Direct Growth

Low to Moderate Risk

----
ICICI Prudential Nifty LargeMidcap 250 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹248.60 Cr9.6%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹109.88 Cr0.8%
ICICI Prudential Fixed Maturity Plan Series 88 182 Days Plan J Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 125 Days Plan H Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 93 Days Plan P Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1199 Days Plan Q Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1858 Days Plan D Direct Growth

Moderate Risk

-0.0%--
ICICI Prudential Fixed Maturity Plan Series 88 1226 Days Plan F Direct Growth

Low Risk

--₹129.54 Cr6.9%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

Very High Risk

1.0%0.0%₹40.95 Cr8.5%
ICICI Prudential Fixed Maturity Plan Series 88 1828 Days Plan A Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1833 Days Plan C Direct Growth

Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1192 Days Plan R Direct Growth

Low to Moderate Risk

----
ICICI Prudential Fixed Maturity Plan Series 88 95 Days Plan B Direct Growth

Moderately High risk

----
ICICI Prudential Fixed Maturity Plan Series 88 1303 Days Plan S Direct Growth

Low to Moderate Risk

-0.0%₹62.28 Cr7.3%
ICICI Prudential Fixed Maturity Plan Series 88 226 Days Plan E Direct Growth

Moderate Risk

-0.0%--
ICICI Prudential Thematic Advantage Fund (FOF) Direct Growth

Very High Risk

0.9%1.0%₹8561.80 Cr9.7%
ICICI Prudential Floating Interest Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹7445.95 Cr8.3%
ICICI Prudential Gilt Fund Direct Growth

Low to Moderate Risk

0.6%0.0%₹9227.02 Cr6.8%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.6%0.0%₹14944.14 Cr7.4%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹1038.80 Cr4.8%
ICICI Prudential Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹45244.37 Cr6.5%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

0.7%1.0%₹7536.12 Cr10.8%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.2%1.0%₹91.05 Cr16.6%
ICICI Prudential Bond Fund Direct Growth

Moderate Risk

0.6%0.0%₹2922.30 Cr6.5%
ICICI Prudential Smallcap Fund Direct Growth

Very High Risk

0.8%1.0%₹8427.64 Cr3.8%
ICICI Prudential Midcap Fund Direct Growth

Very High Risk

1.0%1.0%₹7132.04 Cr18.4%
ICICI Prudential Infrastructure Fund Direct Growth

Very High Risk

1.1%1.0%₹8133.93 Cr10.2%
ICICI Prudential Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹15404.53 Cr9.2%
ICICI Prudential Regular Savings Fund Direct Growth

High Risk

1.0%1.0%₹3358.65 Cr8.3%
ICICI Prudential Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹31850.85 Cr7.4%
ICICI Prudential Nifty Next 50 Index Direct Growth

Very High Risk

0.3%0.0%₹8190.06 Cr8.2%
ICICI Prudential Regular Gold Savings (FOF) Direct Growth

High Risk

0.6%1.0%₹4481.52 Cr78.5%
ICICI Prudential Credit Risk Fund Direct Growth

Very High Risk

0.8%1.0%₹5919.75 Cr10.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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The NAV of ICICI Prudential Business Cycle Fund Direct Growth, as of 04-Feb-2026, is ₹27.30.
The fund has generated 17.67% over the last 1 year and 24.11% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 96.96% in equities, 0.00% in bonds, and 3.04% in cash and cash equivalents.
The fund managers responsible for ICICI Prudential Business Cycle Fund Direct Growth are:-
  1. Manish Banthia
  2. Anish Tawakley
  3. Sharmila D'Silva
  4. Divya Jain
  5. Manan Tijoriwala
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