ICICI Prudential Business Cycle Fund Direct Growth

Fund Overview

Fund Size

₹16,202 Cr

Expense Ratio

0.73%

ISIN

INF109KC1P24

Minimum SIP

₹1,000

Exit Load

1.00%

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, 2 months and 15 days, having been launched on 18-Jan-21.
As of 31-Mar-26, it has a Net Asset Value (NAV) of ₹23.77, Assets Under Management (AUM) of 16201.80 Crores, and an expense ratio of 0.73%.

ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 18.13% since inception.
The fund's asset allocation comprises around 98.46% in equities, 0.00% in debts, and 1.54% 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

+1.19%

— (Cat Avg.)

3 Years

+19.97%

— (Cat Avg.)

5 Years

+17.52%

— (Cat Avg.)

Since Inception

+18.13%

— (Cat Avg.)

Portfolio Summaryas of 28th February 2026

Equity	₹15,952.93 Cr	98.46%
Others	₹248.86 Cr	1.54%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹1,524.89 Cr	9.41%
ICICI Bank Ltd	Equity	₹1,242.29 Cr	7.67%
Larsen & Toubro Ltd	Equity	₹1,121.87 Cr	6.92%
Reliance Industries Ltd	Equity	₹858.96 Cr	5.30%
Axis Bank Ltd	Equity	₹718.78 Cr	4.44%
Treps	Cash - Repurchase Agreement	₹688.96 Cr	4.25%
Nifty 50 Index	Equity Index - Future	₹670.83 Cr	4.14%
Cash Offset For Derivatives	Cash - General Offset	₹-670.83 Cr	4.14%
Maruti Suzuki India Ltd	Equity	₹593.09 Cr	3.66%
NTPC Ltd	Equity	₹553.32 Cr	3.42%
UltraTech Cement Ltd	Equity	₹520.33 Cr	3.21%
Xtrackers Harvest CSI 300 China A ETF	Mutual Fund - ETF	₹495.07 Cr	3.06%
Bharti Airtel Ltd	Equity	₹432.04 Cr	2.67%
Hero MotoCorp Ltd	Equity	₹416.74 Cr	2.57%
Cummins India Ltd	Equity	₹393.37 Cr	2.43%
DLF Ltd	Equity	₹381.18 Cr	2.35%
HDFC Life Insurance Co Ltd	Equity	₹373.55 Cr	2.31%
Asian Paints Ltd	Equity	₹314.4 Cr	1.94%
Mahindra & Mahindra Ltd	Equity	₹287.73 Cr	1.78%
SBI Life Insurance Co Ltd	Equity	₹270.08 Cr	1.67%
InterGlobe Aviation Ltd	Equity	₹268.71 Cr	1.66%
Oil & Natural Gas Corp Ltd	Equity	₹210.25 Cr	1.30%
Prestige Estates Projects Ltd	Equity	₹192.08 Cr	1.19%
Bajaj Auto Ltd	Equity	₹175.89 Cr	1.09%
ICICI Prudential Life Insurance Co Ltd	Equity	₹175.32 Cr	1.08%
Power Grid Corp Of India Ltd	Equity	₹163.96 Cr	1.01%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹157.71 Cr	0.97%
Vedanta Ltd	Equity	₹157.21 Cr	0.97%
Shree Cement Ltd	Equity	₹155.5 Cr	0.96%
Page Industries Ltd	Equity	₹154.02 Cr	0.95%
Info Edge (India) Ltd	Equity	₹152.89 Cr	0.94%
Hyundai Motor India Ltd	Equity	₹144.49 Cr	0.89%
Ashok Leyland Ltd	Equity	₹143.25 Cr	0.88%
Siemens Ltd	Equity	₹124.34 Cr	0.77%
Tbill	Bond - Gov't/Treasury	₹119.35 Cr	0.74%
HDFC Asset Management Co Ltd	Equity	₹118.64 Cr	0.73%
ABB India Ltd	Equity	₹118.46 Cr	0.73%
Gujarat Pipavav Port Ltd	Equity	₹102.81 Cr	0.63%
Net Current Assets	Cash	₹-102.41 Cr	0.63%
Timken India Ltd	Equity	₹100.42 Cr	0.62%
Oil India Ltd	Equity	₹99.45 Cr	0.61%
NHPC Ltd	Equity	₹94.81 Cr	0.59%
3M India Ltd	Equity	₹91.85 Cr	0.57%
Triveni Turbine Ltd	Equity	₹91.25 Cr	0.56%
Atul Ltd	Equity	₹87.76 Cr	0.54%
Ingersoll-Rand (India) Ltd	Equity	₹84.79 Cr	0.52%
PI Industries Ltd	Equity	₹84.11 Cr	0.52%
08/05/2026 Maturing 182 DTB	Bond - Gov't/Treasury	₹83.19 Cr	0.51%
ICICI Lombard General Insurance Co Ltd	Equity	₹78.22 Cr	0.48%
Oberoi Realty Ltd	Equity	₹74.17 Cr	0.46%
Life Insurance Corporation of India	Equity	₹70.47 Cr	0.43%
Trent Ltd	Equity	₹67 Cr	0.41%
Tata Power Co Ltd	Equity	₹63.91 Cr	0.39%
SKF India (Industrial) Ltd	Equity	₹57.11 Cr	0.35%
Cash Margin - Derivatives	Cash - Collateral	₹55.2 Cr	0.34%
Swiggy Ltd	Equity	₹54.82 Cr	0.34%
Supreme Industries Ltd	Equity	₹50.29 Cr	0.31%
Tbill	Bond - Gov't/Treasury	₹49.67 Cr	0.31%
Aarti Industries Ltd	Equity	₹49.17 Cr	0.30%
IndiaMART InterMESH Ltd	Equity	₹48.67 Cr	0.30%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd	Equity	₹48.08 Cr	0.30%
Indian Energy Exchange Ltd	Equity	₹47.97 Cr	0.30%
TVS Holdings Ltd	Equity	₹46.55 Cr	0.29%
Tata Chemicals Ltd	Equity	₹43.06 Cr	0.27%
Honeywell Automation India Ltd	Equity	₹40.27 Cr	0.25%
Bharat Heavy Electricals Ltd	Equity	₹39.5 Cr	0.24%
SKF India Ltd	Equity	₹38.73 Cr	0.24%
Affle 3i Ltd	Equity	₹38.08 Cr	0.24%
CARE Ratings Ltd	Equity	₹35.3 Cr	0.22%
LIC Housing Finance Ltd	Equity	₹34.45 Cr	0.21%
UTI Asset Management Co Ltd	Equity	₹32.66 Cr	0.20%
Amara Raja Energy & Mobility Ltd	Equity	₹30.74 Cr	0.19%
Sobha Ltd	Equity	₹29.3 Cr	0.18%
Schaeffler India Ltd	Equity	₹24.82 Cr	0.15%
07/05/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹24.76 Cr	0.15%
Gujarat State Petronet Ltd	Equity	₹24.64 Cr	0.15%
Automotive Axles Ltd	Equity	₹23.13 Cr	0.14%
Tata Motors Ltd	Equity	₹22.86 Cr	0.14%
Bank of Baroda	Equity	₹21.43 Cr	0.13%
Can Fin Homes Ltd	Equity	₹18.13 Cr	0.11%
Birla Corp Ltd	Equity	₹17.33 Cr	0.11%
Tata Motors Passenger Vehicles Ltd	Equity	₹17.31 Cr	0.11%
Grindwell Norton Ltd	Equity	₹16.82 Cr	0.10%
Supreme Petrochem Ltd	Equity	₹13.76 Cr	0.08%
GAIL (India) Ltd	Equity	₹10.63 Cr	0.07%
Sundaram Finance Ltd	Equity	₹2.75 Cr	0.02%
PNB Housing Finance Ltd	Equity	₹2.54 Cr	0.02%
Camlin Fine Sciences Ltd	Equity	₹0.74 Cr	0.00%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹4,767.47 Cr	29.43%
Industrials	₹3,072.27 Cr	18.96%
Consumer Cyclical	₹2,028.47 Cr	12.52%
Basic Materials	₹1,491.45 Cr	9.21%
Energy	₹1,168.66 Cr	7.21%
Utilities	₹911.28 Cr	5.62%
Real Estate	₹676.72 Cr	4.18%
Communication Services	₹671.69 Cr	4.15%

Risk & Performance Ratios

Fund Managers

Manish Banthia

Since January 2021

Sharmila D'Silva

Since July 2022

Divya Jain

Since January 2026

Manan Tijoriwala

Since August 2025

Additional Scheme Detailsas of 28th February 2026

ISIN

INF109KC1P24

Expense Ratio

0.73%

Exit Load

1.00%

Fund Size

₹16,202 Cr

Age

5 years 2 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment 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

Capital Gains Taxation:

Dividend Taxation:

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 name	Expense Ratio	Exit Load	Fund size	1Y
DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
DynaSIF Active Asset Allocator Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	-	-
Apex Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	-	-
Apex Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Arudha Equity Long-Short Fund Regular Growth Very High Risk	-	0.0%	-	-
Arudha Equity Long-Short Fund Direct Growth Very High Risk	-	0.0%	-	-
SBI Nifty Midcap 150 Momentum 50 ETF Very High Risk	-	-	-	-
ITI Business Cycle Fund Regular Growth Very High Risk	-	0.0%	-	-
ITI Business Cycle Fund Direct Growth Very High Risk	-	0.0%	-	-
DynaSIF Equity Long - Short Fund Regular Growth High Risk	-	0.0%	-	-
DynaSIF Equity Long - Short Fund Direct Growth High Risk	-	0.0%	-	-
Mirae Asset BSE India Defence ETF Very High Risk	0.3%	-	₹33.79 Cr	-
Kotak Services Fund Regular Growth Low Risk	-	0.0%	₹760.76 Cr	-
Kotak Services Fund Direct Growth Low Risk	-	0.0%	₹760.76 Cr	-
SBI Quality Fund Direct Growth Very High Risk	0.7%	1.0%	₹2245.81 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹21.59 Cr	-
Mirae Asset BSE India Defence ETF FOF Regular Growth Very High Risk	0.7%	0.0%	₹21.59 Cr	-
SBI Quality Fund Regular Growth Very High Risk	2.0%	1.0%	₹2245.81 Cr	-
Motilal Oswal Nifty MNC ETF Very High Risk	0.5%	-	₹2.36 Cr	-
JioBlackRock Sector Rotation Fund Direct Growth Very High Risk	0.5%	0.0%	-	-
Groww Nifty PSE ETF FOF Regular Growth Very High Risk	0.6%	0.0%	₹11.16 Cr	-
Groww Nifty PSE ETF FOF Direct Growth Very High Risk	0.3%	0.0%	₹11.16 Cr	-
Groww Nifty PSE ETF Very High Risk	0.5%	-	₹17.58 Cr	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹1089.73 Cr	-
iSIF Equity Ex-Top 100 Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹1089.73 Cr	-
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.5%	0.0%	₹162.28 Cr	-
Mahindra Manulife Innovation Opportunities Fund Regular Growth Very High Risk	2.4%	0.0%	₹162.28 Cr	-
Groww Nifty Chemicals ETF Very High Risk	0.4%	-	₹7.37 Cr	-
Diviniti Equity Long Short Fund Direct Growth Very High Risk	0.9%	0.0%	₹377.52 Cr	-
Diviniti Equity Long Short Fund Regular Growth Very High Risk	2.4%	0.0%	₹377.52 Cr	-
DSP MSCI INDIA ETF Very High Risk	0.4%	-	₹3.38 Cr	-
Kotak Rural Opportunities Fund Regular Growth Very High Risk	2.3%	0.0%	₹889.65 Cr	-
Kotak Rural Opportunities Fund Direct Growth Very High Risk	0.7%	0.0%	₹889.65 Cr	-
Altiva Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	0.0%	₹2704.15 Cr	-
Magnum Hybrid Long Short Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹3314.55 Cr	-
Altiva Hybrid Long-Short Fund Regular Growth Low to Moderate Risk	-	0.0%	₹2704.15 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹3314.55 Cr	-
ICICI Prudential Conglomerate Fund Regular Growth Moderately High risk	2.3%	1.0%	₹884.02 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.2%	1.0%	₹884.02 Cr	-
qsif Equity Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹561.11 Cr	-
qsif Equity Long-Short Fund Regular Growth Very High Risk	-	1.0%	₹561.11 Cr	-
The Wealth Company Ethical Fund Direct Growth Very High Risk	0.8%	0.0%	₹38.73 Cr	-
The Wealth Company Ethical Fund Regular Growth Very High Risk	2.3%	0.0%	₹38.73 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth Very High Risk	0.6%	1.0%	₹713.90 Cr	-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth Very High Risk	2.3%	1.0%	₹713.90 Cr	-
Motilal Oswal Nifty Alpha 50 ETF Very High Risk	0.5%	-	₹5.90 Cr	-
Kotak Active Momentum Fund Direct Growth Very High Risk	0.8%	0.0%	₹1338.83 Cr	-
Kotak Active Momentum Fund Regular Growth Very High Risk	2.1%	0.0%	₹1338.83 Cr	-
Motilal Oswal Special Opportunities Fund Direct Growth Very High Risk	2.4%	1.0%	₹65.87 Cr	-
Motilal Oswal Special Opportunities Fund Regular Growth Very High Risk	2.5%	1.0%	₹65.87 Cr	-

About the AMC

ICICI Prudential Mutual Fund

+91 22 26428000

https://www.icicipruamc.com/

Total AUM

₹11,79,730 Cr

Address

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

Other Funds by ICICI Prudential Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential Diversified Equity All Cap Active FOF Direct Growth Very High Risk	-	1.0%	-	-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹1089.73 Cr	-
iSIF Hybrid Long-Short Fund Direct Growth Very High Risk	-	1.0%	₹615.50 Cr	-
ICICI Prudential Conglomerate Fund Direct Growth Moderately High risk	1.2%	1.0%	₹884.02 Cr	-
ICICI Prudential Active Momentum Fund Direct Growth Moderate Risk	1.1%	1.0%	₹1620.63 Cr	-
ICICI Prudential Nifty Private Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹18.33 Cr	-
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹28.97 Cr	-
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹22.31 Cr	-
ICICI Prudential Quality Fund Direct Growth Very High Risk	0.9%	1.0%	₹2265.68 Cr	-
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth Very High Risk	1.0%	0.0%	₹34.49 Cr	-
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹461.64 Cr	6.8%
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	1.0%	1.0%	₹2261.81 Cr	0.9%
ICICI Prudential Nifty 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹68.79 Cr	-3.4%
ICICI Prudential Equity Minimum Variance Fund Direct Growth Very High Risk	0.8%	1.0%	₹3513.29 Cr	-1.6%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹200.76 Cr	14.7%
ICICI Prudential Energy Opportunities Fund Direct Growth Very High Risk	0.6%	1.0%	₹9668.39 Cr	9.9%
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%	₹249.63 Cr	-1.1%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹106.64 Cr	-6.0%
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 Cr	6.5%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth Very High Risk	1.0%	0.0%	₹38.95 Cr	-1.2%
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 Risk	-	0.0%	₹62.28 Cr	6.9%
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	1.1%	1.0%	₹8854.84 Cr	-0.7%
ICICI Prudential Floating Interest Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹7438.58 Cr	7.5%
ICICI Prudential Gilt Fund Direct Growth Low to Moderate Risk	0.6%	0.0%	₹10023.97 Cr	3.2%
ICICI Prudential All Seasons Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹14842.75 Cr	4.9%
ICICI Prudential Long Term Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹976.81 Cr	-0.1%
ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹53738.39 Cr	6.2%
ICICI Prudential Innovation Fund Direct Growth Very High Risk	0.7%	1.0%	₹7486.66 Cr	0.1%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth Very High Risk	1.2%	1.0%	₹88.30 Cr	17.3%
ICICI Prudential Bond Fund Direct Growth Moderate Risk	0.6%	0.0%	₹2912.40 Cr	3.7%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹8354.83 Cr	-2.3%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.0%	1.0%	₹7280.38 Cr	12.0%
ICICI Prudential Infrastructure Fund Direct Growth Very High Risk	1.1%	1.0%	₹8097.89 Cr	-0.7%
ICICI Prudential Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹15390.61 Cr	-4.2%
ICICI Prudential Regular Savings Fund Direct Growth High Risk	0.9%	1.0%	₹3340.64 Cr	4.8%
ICICI Prudential Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹35305.07 Cr	6.7%
ICICI Prudential Nifty Next 50 Index Direct Growth Very High Risk	0.3%	0.0%	₹8396.38 Cr	-3.7%
ICICI Prudential Regular Gold Savings (FOF) Direct Growth High Risk	0.6%	1.0%	₹6534.72 Cr	63.4%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of ICICI Prudential Business Cycle Fund Direct Growth?

The NAV of ICICI Prudential Business Cycle Fund Direct Growth, as of 31-Mar-2026, is ₹23.77.

What are the returns of ICICI Prudential Business Cycle Fund Direct Growth?

The fund has generated 1.19% over the last 1 year and 19.97% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of ICICI Prudential Business Cycle Fund Direct Growth?

The fund's allocation of assets is distributed as 98.46% in equities, 0.00% in bonds, and 1.54% in cash and cash equivalents.

Who manages the ICICI Prudential Business Cycle Fund Direct Growth?

The fund managers responsible for ICICI Prudential Business Cycle Fund Direct Growth are:-

Manish Banthia
Sharmila D'Silva
Divya Jain
Manan Tijoriwala

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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ICICI Prudential Business Cycle Fund Direct Growth

Fund Overview