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Fund Overview

Fund Size

Fund Size

₹16,123 Cr

Expense Ratio

Expense Ratio

0.95%

ISIN

ISIN

INF109KC1P24

Minimum SIP

Minimum SIP

₹500

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, 7 months and 10 days, having been launched on 18-Jan-21.
As of 26-Aug-26, it has a Net Asset Value (NAV) of ₹26.61, Assets Under Management (AUM) of 16122.82 Crores, and an expense ratio of 0.95%.
  • ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 19.09% since inception.
  • The fund's asset allocation comprises around 97.74% in equities, 0.00% in debts, and 2.26% in cash & cash equivalents.
  • You can start investing in ICICI Prudential Business Cycle Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

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

+2.78%

(Cat Avg.)

3 Years

+17.56%

(Cat Avg.)

5 Years

+17.62%

(Cat Avg.)

Since Inception

+19.09%

(Cat Avg.)

Portfolio Summaryas of 31st July 2026

Equity15,758.19 Cr97.74%
Others364.63 Cr2.26%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity1,489.27 Cr9.24%
ICICI Bank LtdEquity1,230.25 Cr7.63%
TrepsCash - Repurchase Agreement946.36 Cr5.87%
Reliance Industries LtdEquity870.69 Cr5.40%
Cash Offset For DerivativesCash - General Offset-850.95 Cr5.28%
Larsen & Toubro LtdEquity840.25 Cr5.21%
Maruti Suzuki India LtdEquity700.09 Cr4.34%
Kotak Mahindra Bank LtdEquity570.31 Cr3.54%
Bharti Airtel LtdEquity546.03 Cr3.39%
DLF LtdEquity473.04 Cr2.93%
Xtrackers Harvest CSI 300 China A ETFMutual Fund - ETF457.36 Cr2.84%
Mahindra & Mahindra LtdEquity453.39 Cr2.81%
HDFC Life Insurance Co LtdEquity450.1 Cr2.79%
UltraTech Cement LtdEquity447.85 Cr2.78%
Hero MotoCorp LtdEquity404.61 Cr2.51%
NTPC LtdEquity365.96 Cr2.27%
Hyundai Motor India LtdEquity329.02 Cr2.04%
Axis Bank Ltd. $$Equity - Future322.93 Cr2.00%
Asian Paints LtdEquity321.14 Cr1.99%
InterGlobe Aviation LtdEquity318.87 Cr1.98%
State Bank Of India $$Equity - Future317.99 Cr1.97%
Prestige Estates Projects LtdEquity316.04 Cr1.96%
SBI Life Insurance Co LtdEquity277.28 Cr1.72%
Hindustan Aeronautics Ltd Ordinary SharesEquity251.1 Cr1.56%
Trent LtdEquity226.65 Cr1.41%
Axis Bank LtdEquity215.16 Cr1.33%
Info Edge (India) LtdEquity208.22 Cr1.29%
ICICI Prudential Life Insurance Co LtdEquity181.59 Cr1.13%
Shree Cement LtdEquity179.77 Cr1.11%
Ashok Leyland LtdEquity149.59 Cr0.93%
ICICI Lombard General Insurance Co LtdEquity142.18 Cr0.88%
Triveni Turbine LtdEquity124.22 Cr0.77%
Siemens LtdEquity123.6 Cr0.77%
Cummins India LtdEquity122.85 Cr0.76%
ABB India LtdEquity116.59 Cr0.72%
HDFC Asset Management Co LtdEquity115 Cr0.71%
Atul LtdEquity109 Cr0.68%
Tata Motors LtdEquity108.84 Cr0.68%
Page Industries LtdEquity99.01 Cr0.61%
PI Industries LtdEquity95.27 Cr0.59%
NHPC LtdEquity88.77 Cr0.55%
Gujarat Pipavav Port LtdEquity87.35 Cr0.54%
Oberoi Realty LtdEquity83.53 Cr0.52%
Hindustan Unilever LtdEquity78.98 Cr0.49%
Supreme Industries LtdEquity76.64 Cr0.48%
Cash Margin - DerivativesCash - Collateral75.2 Cr0.47%
Aarti Industries LtdEquity74.57 Cr0.46%
Ingersoll-Rand (India) LtdEquity70.83 Cr0.44%
Avenue Supermarts LtdEquity68.75 Cr0.43%
Ambuja Cements LtdEquity61.07 Cr0.38%
SKF India (Industrial) LtdEquity61.07 Cr0.38%
Swiggy LtdEquity60.3 Cr0.37%
SKF India LtdEquity56.05 Cr0.35%
Britannia Industries Ltd. $$Equity - Future54.06 Cr0.34%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity53.94 Cr0.33%
Indian Energy Exchange LtdEquity50.49 Cr0.31%
Affle 3i LtdEquity47.82 Cr0.30%
Siemens Energy India LtdEquity47.42 Cr0.29%
TVS Holdings LtdEquity45.33 Cr0.28%
Go Digit General Insurance LtdEquity44.38 Cr0.28%
IndiaMART InterMESH LtdEquity41.09 Cr0.25%
Godrej Consumer Products LtdEquity40.4 Cr0.25%
Godrej Consumer Products Ltd. $$Equity - Future40.21 Cr0.25%
CARE Ratings LtdEquity39.77 Cr0.25%
Net Current AssetsCash37.6 Cr0.23%
Arvind Fashions LtdEquity33.55 Cr0.21%
Tata Chemicals LtdEquity32.96 Cr0.20%
08/10/2026 Maturing 364 DTBBond - Gov't/Treasury31.69 Cr0.20%
India (Republic of)Bond - Short-term Government Bills30.73 Cr0.19%
UTI Asset Management Co LtdEquity29.87 Cr0.19%
Sundaram Finance LtdEquity23.11 Cr0.14%
India (Republic of)Bond - Short-term Government Bills22.85 Cr0.14%
Can Fin Homes LtdEquity20.69 Cr0.13%
Automotive Axles LtdEquity20.37 Cr0.13%
Lic Housing Finance Ltd. $$Equity - Future19.84 Cr0.12%
India (Republic of)Bond - Short-term Government Bills18.78 Cr0.12%
Trent Ltd. $$Equity - Future16.95 Cr0.11%
Bank of BarodaEquity16.15 Cr0.10%
Birla Corp LtdEquity15.42 Cr0.10%
Tata Motors Passenger Vehicles LtdEquity15.37 Cr0.10%
India (Republic of)Bond - Short-term Government Bills14.84 Cr0.09%
PNB Housing Finance LtdEquity13.78 Cr0.09%
LIC Housing Finance LtdEquity13.38 Cr0.08%
Carborundum Universal LtdEquity12.11 Cr0.08%
Gujarat Energy LtdEquity11.77 Cr0.07%
India (Republic of)Bond - Short-term Government Bills10.92 Cr0.07%
ZF Commercial Vehicle Control Systems India LtdEquity9.43 Cr0.06%
17/09/2026 Maturing 364 DTBBond - Gov't/Treasury8.94 Cr0.06%
TbillBond - Gov't/Treasury8.9 Cr0.06%
Brigade Enterprises LtdEquity6.73 Cr0.04%
TbillBond - Gov't/Treasury3.96 Cr0.02%
Gspl India Transco LtdEquity3.11 Cr0.02%
TbillBond - Gov't/Treasury2.99 Cr0.02%
Sobha LtdEquity1.48 Cr0.01%
State Bank of IndiaEquity0.05 Cr0.00%
Britannia Industries LtdEquity0.02 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

69.74%

Mid Cap Stocks

13.37%

Small Cap Stocks

6.99%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services4,922.79 Cr30.53%
Consumer Cyclical2,505.96 Cr15.54%
Industrials2,411.12 Cr14.95%
Basic Materials1,390.99 Cr8.63%
Real Estate880.82 Cr5.46%
Energy870.69 Cr5.40%
Communication Services843.16 Cr5.23%
Utilities513.91 Cr3.19%
Consumer Defensive188.14 Cr1.17%

Risk & Performance Ratios

Standard Deviation

This fund

14.12%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

0.73

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Manish Banthia

Manish Banthia

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 July 2026

ISIN
INF109KC1P24
Expense Ratio
0.95%
Exit Load
1.00%
Fund Size
₹16,123 Cr
Age
5 years 7 months
Lumpsum Minimum
₹500
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
Motilal Oswal Quality Fund Regular Growth

Very High Risk

-1.0%--
Motilal Oswal Quality Fund Direct Growth

Very High Risk

-1.0%--
JioBlackRock Sector Rotation Fund Regular Growth

Very High Risk

-0.0%₹162.77 Cr-
SageOne India Growth GIFT Fund Regular Growth

Very High Risk

--₹3.04 Cr-2.4%
Motilal Oswal Nifty Metal ETF

Very High Risk

----
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth

Very High Risk

-1.0%--
SBI Nifty Midcap 150 Momentum 50 ETF FOF Regular Growth

Very High Risk

-1.0%--
Groww Nifty Cements ETF

Very High Risk

----
Baroda BNP Paribas Services Fund Regular Growth

Very High Risk

-1.0%--
Baroda BNP Paribas Services Fund Direct Growth

Very High Risk

-1.0%--
HDFC Nifty Metal ETF

Very High Risk

0.3%---
DSP Nifty Midcap 150 Quality 50 ETF

Very High Risk

0.5%-₹99.06 Cr3.3%
NJ Momentum Fund Direct Growth

Very High Risk

-0.0%--
NJ Momentum Fund Regular Growth

Very High Risk

-0.0%--
Groww Nifty Smallcap 250 Momentum Quality 100 ETF

Very High Risk

0.6%-₹6.80 Cr-
360 ONE MSCI India ETF

Very High Risk

1.7%-₹6.74 Cr-
Motilal Oswal BSE Select IPO ETF

Very High Risk

0.7%-₹5.88 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF

Very High Risk

0.8%-₹10.55 Cr-
Aditya Birla Sun Life MSCI India ETF

Very High Risk

0.2%-₹11.27 Cr-
ITI Business Cycle Fund Regular Growth

Very High Risk

3.5%0.0%₹115.24 Cr-
ITI Business Cycle Fund Direct Growth

Very High Risk

1.8%0.0%₹115.24 Cr-
Mirae Asset BSE India Defence ETF

Very High Risk

0.3%-₹147.11 Cr-
Kotak Services Fund Regular Growth

Very High Risk

2.4%0.0%₹758.75 Cr-
Kotak Services Fund Direct Growth

Very High Risk

1.0%0.0%₹758.75 Cr-
SBI Quality Fund Direct Growth

Very High Risk

1.3%1.0%₹2524.85 Cr-
Mirae Asset BSE India Defence ETF FOF Direct Growth

Very High Risk

0.4%0.0%₹102.82 Cr-
Mirae Asset BSE India Defence ETF FOF Regular Growth

Very High Risk

0.9%0.0%₹102.82 Cr-
SBI Quality Fund Regular Growth

Very High Risk

2.4%1.0%₹2524.85 Cr-
Motilal Oswal Nifty MNC ETF

Very High Risk

0.6%-₹2.47 Cr-
JioBlackRock Sector Rotation Fund Direct Growth

Very High Risk

0.9%0.0%₹162.77 Cr-
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

0.5%0.0%₹11.80 Cr-
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

0.2%0.0%₹11.80 Cr-
Groww Nifty PSE ETF

Very High Risk

0.5%-₹17.37 Cr-
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

0.9%0.0%₹236.43 Cr-
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

2.5%0.0%₹236.43 Cr-
Groww Nifty Chemicals ETF

Very High Risk

0.5%-₹11.92 Cr-
Motilal Oswal Nifty Services Sector ETF

Very High Risk

0.6%-₹6.13 Cr-
Groww Nifty Metal ETF

Very High Risk

0.5%-₹41.90 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.4%-₹3.33 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.4%0.0%₹806.95 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.8%0.0%₹806.95 Cr-
ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF

Very High Risk

0.7%-₹15.66 Cr-
Kotak Nifty Chemicals ETF

Very High Risk

0.3%-₹106.09 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.4%1.0%₹820.84 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.3%1.0%₹820.84 Cr-
DSP Nifty500 Flexicap Quality 30 ETF

Very High Risk

0.9%-₹14.79 Cr-
Kotak Nifty 200 Momentum 30 ETF

Very High Risk

0.3%-₹32.30 Cr-
The Wealth Company Ethical Fund Direct Growth

Very High Risk

0.6%0.0%₹39.97 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.0%0.0%₹39.97 Cr-
Groww Nifty Realty ETF

Very High Risk

0.5%-₹16.38 Cr-

About the AMC

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund

Total AUM

₹11,75,624 Cr

Address

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

Other Funds by ICICI Prudential Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
ICICI Prudential Life Cycle Fund 2036 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Life Cycle Fund 2041 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Life Cycle Fund 2031 Direct Growth

Very High Risk

-3.0%--
ICICI Prudential Dynamic Asset Allocation Passive FOF Direct Growth

Very High Risk

-1.0%--
ICICI Prudential Multi-Asset Active FOF Direct Growth

High Risk

0.1%1.0%--
ICICI Prudential Balanced Hybrid Fund Direct Growth

High Risk

0.6%1.0%--
iSIF Active Asset Allocator Long-Short Fund Direct Growth

Very High Risk

2.2%1.0%₹607.41 Cr-
iSIF Equity Long-Short Fund Direct Growth

Very High Risk

3.6%1.0%--
ICICI Prudential Diversified Equity All Cap Active FOF Direct Growth

Very High Risk

0.9%1.0%₹891.66 Cr-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

1.3%1.0%₹2194.52 Cr-
iSIF Hybrid Long-Short Fund Direct Growth

Very High Risk

1.2%1.0%₹1079.82 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.3%1.0%₹820.84 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

1.7%1.0%₹2081.15 Cr12.6%
ICICI Prudential Nifty Private Bank Index Fund Direct Growth

Very High Risk

0.7%0.0%₹45.68 Cr5.4%
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

Very High Risk

0.4%0.0%₹29.73 Cr-3.7%
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹26.94 Cr0.5%
ICICI Prudential Quality Fund Direct Growth

Very High Risk

1.4%1.0%₹2157.87 Cr7.1%
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth

Very High Risk

0.7%0.0%₹47.19 Cr10.6%
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹509.87 Cr7.0%
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

1.2%1.0%₹2130.12 Cr-0.9%
ICICI Prudential Nifty 500 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹98.94 Cr3.4%
ICICI Prudential Equity Minimum Variance Fund Direct Growth

Very High Risk

1.8%1.0%₹2836.15 Cr1.4%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

Very High Risk

0.7%0.0%₹198.97 Cr19.3%
ICICI Prudential Energy Opportunities Fund Direct Growth

Very High Risk

1.1%1.0%₹8199.55 Cr18.1%
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%₹295.09 Cr6.1%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.7%0.0%₹100.78 Cr-6.1%
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 Cr6.1%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

Very High Risk

0.8%0.0%₹37.52 Cr2.8%
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 Cr6.0%
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

1.2%1.0%₹9476.94 Cr2.5%
ICICI Prudential Floating Interest Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹8464.44 Cr6.9%
ICICI Prudential Gilt Fund Direct Growth

Low to Moderate Risk

0.6%0.0%₹8890.13 Cr6.6%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.6%0.0%₹13260.35 Cr6.7%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹843.40 Cr5.2%
ICICI Prudential Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹61557.98 Cr6.4%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

1.2%1.0%₹7843.53 Cr8.1%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.1%1.0%₹92.16 Cr20.2%
ICICI Prudential Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹1983.34 Cr6.2%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk

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

img
The NAV of ICICI Prudential Business Cycle Fund Direct Growth, as of 26-Aug-2026, is ₹26.61.
The fund has generated 2.78% over the last 1 year and 17.56% 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 97.74% in equities, 0.00% in bonds, and 2.26% in cash and cash equivalents.
The fund managers responsible for ICICI Prudential Business Cycle Fund Direct Growth are:-
  1. Manish Banthia
  2. Sharmila D'Silva
  3. Divya Jain
  4. Manan Tijoriwala
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