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Fund Overview

Fund Size

Fund Size

₹14,889 Cr

Expense Ratio

Expense Ratio

1.01%

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, 9 months and 5 days, having been launched on 18-Jan-21.
As of 21-Oct-26, it has a Net Asset Value (NAV) of ₹24.74, Assets Under Management (AUM) of 14889.04 Crores, and an expense ratio of 1.01%.
  • ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 17.05% since inception.
  • The fund's asset allocation comprises around 96.99% in equities, 0.00% in debts, and 3.00% 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

-8.10%

— (Cat Avg.)

3 Years

+13.64%

— (Cat Avg.)

5 Years

+13.30%

— (Cat Avg.)

Since Inception

+17.05%

— (Cat Avg.)

Portfolio Summaryas of 30th September 2026

Equity₹14,440.95 Cr96.99%
Others₹446.66 Cr3.00%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity₹1,424.91 Cr9.57%
TrepsCash - Repurchase Agreement₹1,422.94 Cr9.56%
Cash Offset For DerivativesCash - General Offset₹-1,167.46 Cr7.84%
ICICI Bank LtdEquity₹997.59 Cr6.70%
Reliance Industries LtdEquity₹790.26 Cr5.31%
Larsen & Toubro LtdEquity₹670.02 Cr4.50%
Axis Bank Ltd.Equity - Future₹642.68 Cr4.32%
Maruti Suzuki India LtdEquity₹588.59 Cr3.95%
Kotak Mahindra Bank LtdEquity₹512.13 Cr3.44%
DLF LtdEquity₹483.59 Cr3.25%
Bharti Airtel LtdEquity₹442.58 Cr2.97%
Xtrackers Harvest CSI 300 China A ETFMutual Fund - ETF₹439.84 Cr2.95%
HDFC Life Insurance Co LtdEquity₹438.53 Cr2.95%
UltraTech Cement LtdEquity₹412.22 Cr2.77%
Mahindra & Mahindra LtdEquity₹393.56 Cr2.64%
Hero MotoCorp LtdEquity₹363.35 Cr2.44%
NTPC LtdEquity₹340.14 Cr2.28%
InterGlobe Aviation LtdEquity₹307.34 Cr2.06%
State Bank Of IndiaEquity - Future₹297.85 Cr2.00%
Prestige Estates Projects LtdEquity₹289.78 Cr1.95%
Hyundai Motor India LtdEquity₹269.87 Cr1.81%
Asian Paints LtdEquity₹269.24 Cr1.81%
SBI Life Insurance Co LtdEquity₹249.93 Cr1.68%
Axis Bank LtdEquity₹214.55 Cr1.44%
Info Edge (India) LtdEquity₹210.12 Cr1.41%
Trent LtdEquity₹197.67 Cr1.33%
ICICI Lombard General Insurance Co LtdEquity₹196.61 Cr1.32%
Shree Cement LtdEquity₹164.53 Cr1.11%
ICICI Life Insurance LtdEquity₹156.37 Cr1.05%
Cummins India LtdEquity₹141.66 Cr0.95%
Ashok Leyland LtdEquity₹138.79 Cr0.93%
Hindustan Aeronautics Ltd Ordinary SharesEquity₹137.9 Cr0.93%
Triveni Turbine LtdEquity₹111.36 Cr0.75%
HDFC Asset Management Co LtdEquity₹100.27 Cr0.67%
Tata Motors LtdEquity₹99.73 Cr0.67%
Atul LtdEquity₹95.72 Cr0.64%
Page Industries LtdEquity₹89.23 Cr0.60%
Avenue Supermarts LtdEquity₹84.48 Cr0.57%
Gujarat Pipavav Port LtdEquity₹81.66 Cr0.55%
Oberoi Realty LtdEquity₹80.7 Cr0.54%
PI Industries LtdEquity₹79.99 Cr0.54%
NHPC LtdEquity₹77.29 Cr0.52%
Supreme Industries LtdEquity₹76.32 Cr0.51%
Aarti Industries LtdEquity₹72.52 Cr0.49%
Hindustan Unilever LtdEquity₹70.5 Cr0.47%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity₹63.89 Cr0.43%
Swiggy LtdEquity₹57.32 Cr0.38%
SKF India LtdEquity₹57.2 Cr0.38%
Cash Margin - DerivativesCash - Collateral₹55.2 Cr0.37%
Indian Oil Corp LtdEquity₹54.85 Cr0.37%
Ambuja Cements LtdEquity₹52.85 Cr0.35%
India (Republic of)Bond - Short-term Government Bills₹49.9 Cr0.34%
Godrej Consumer Products Ltd.Equity - Future₹46.76 Cr0.31%
Power Grid Corp Of India LtdEquity₹45.59 Cr0.31%
Affle 3i LtdEquity₹45.56 Cr0.31%
Go Digit General Insurance LtdEquity₹45.38 Cr0.30%
Arvind Fashions LtdEquity₹44.26 Cr0.30%
Hindustan Petroleum Corp LtdEquity₹42.01 Cr0.28%
Indian Energy Exchange LtdEquity₹40.85 Cr0.27%
Britannia Industries Ltd.Equity - Future₹39.87 Cr0.27%
CARE Ratings LtdEquity₹39.23 Cr0.26%
TVS Holdings LtdEquity₹37.3 Cr0.25%
IndiaMART InterMESH LtdEquity₹37.19 Cr0.25%
Hdfc Life Insurance Company LtdEquity - Future₹34.28 Cr0.23%
Godrej Consumer Products LtdEquity₹32.08 Cr0.22%
08/10/2026 Maturing 364 DTBBond - Gov't/Treasury₹31.97 Cr0.21%
India (Republic of)Bond - Short-term Government Bills₹31 Cr0.21%
UTI Asset Management Co LtdEquity₹29.19 Cr0.20%
Life Insurance Corporation of IndiaEquity₹25.98 Cr0.17%
Net Current AssetsCash₹-25.1 Cr0.17%
Tata Chemicals LtdEquity₹23.72 Cr0.16%
Sundaram Finance LtdEquity₹21.57 Cr0.14%
Bharat Petroleum Corp LtdEquity₹21.22 Cr0.14%
Lic Housing Finance Ltd.Equity - Future₹20.66 Cr0.14%
Automotive Axles LtdEquity₹19.3 Cr0.13%
India (Republic of)Bond - Short-term Government Bills₹18.94 Cr0.13%
Can Fin Homes LtdEquity₹18.14 Cr0.12%
SKF India (Industrial) LtdEquity₹16.01 Cr0.11%
Bank of BarodaEquity₹15.34 Cr0.10%
India (Republic of)Bond - Short-term Government Bills₹14.97 Cr0.10%
Trent Ltd.Equity - Future₹14.86 Cr0.10%
PNB Housing Finance LtdEquity₹14.65 Cr0.10%
Birla Corp LtdEquity₹14.55 Cr0.10%
Carborundum Universal LtdEquity₹14.26 Cr0.10%
LIC Housing Finance LtdEquity₹13.56 Cr0.09%
Tata Motors Passenger Vehicles LtdEquity₹12.82 Cr0.09%
ZF Commercial Vehicle Control Systems India LtdEquity₹9.13 Cr0.06%
TbillBond - Gov't/Treasury₹8.98 Cr0.06%
Canara HSBC Life Insurance Co LtdEquity₹7.85 Cr0.05%
Brigade Enterprises LtdEquity₹6.67 Cr0.04%
TbillBond - Gov't/Treasury₹4 Cr0.03%
GSPL Transmission LtdEquity₹2.99 Cr0.02%
TVS Holdings Ltd.Preferred Stock₹1.42 Cr0.01%
Sobha LtdEquity₹1.32 Cr0.01%
State Bank of IndiaEquity₹0.05 Cr0.00%
Britannia Industries LtdEquity₹0.01 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

66.48%

Mid Cap Stocks

13.73%

Small Cap Stocks

6.45%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services₹4,562.67 Cr30.64%
Consumer Cyclical₹2,219.31 Cr14.91%
Industrials₹1,752.51 Cr11.77%
Basic Materials₹1,249.23 Cr8.39%
Energy₹911.35 Cr6.12%
Real Estate₹862.05 Cr5.79%
Communication Services₹698.26 Cr4.69%
Utilities₹463.01 Cr3.11%
Consumer Defensive₹187.08 Cr1.26%

Risk & Performance Ratios

Standard Deviation

This fund

14.58%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

0.54

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 30th September 2026

ISIN
INF109KC1P24
Expense Ratio
1.01%
Exit Load
1.00%
Fund Size
₹14,889 Cr
Age
5 years 9 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
SBI BSE India Defence ETF

Very High Risk

----
Invesco India Nifty India Defence Index Fund Direct Growth

Very High Risk

-0.0%--
Invesco India Nifty India Defence Index Fund Regular Growth

Very High Risk

-0.0%--
Motilal Oswal Quality Fund Regular Growth

Very High Risk

2.5%1.0%₹40.13 Cr-
Motilal Oswal Quality Fund Direct Growth

Very High Risk

2.3%1.0%₹40.13 Cr-
JioBlackRock Sector Rotation Fund Regular Growth

Very High Risk

2.0%0.0%₹161.33 Cr-
SageOne India Growth GIFT Fund Regular Growth

Very High Risk

--₹2.92 Cr-1.5%
Motilal Oswal Nifty Metal ETF

Very High Risk

7.9%-₹1.60 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth

Very High Risk

0.1%1.0%₹116.66 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF FOF Regular Growth

Very High Risk

0.6%1.0%₹116.66 Cr-
Groww Nifty Cements ETF

Very High Risk

1.5%-₹9.04 Cr-
Baroda BNP Paribas Services Fund Regular Growth

Very High Risk

2.1%1.0%₹573.29 Cr-
Baroda BNP Paribas Services Fund Direct Growth

Very High Risk

0.5%1.0%₹573.29 Cr-
HDFC Nifty Metal ETF

Very High Risk

0.5%-₹119.73 Cr-
DSP Nifty Midcap 150 Quality 50 ETF

Very High Risk

0.4%-₹93.01 Cr-8.4%
NJ Momentum Fund Direct Growth

Very High Risk

2.6%0.0%₹365.10 Cr-
NJ Momentum Fund Regular Growth

Very High Risk

4.4%0.0%₹365.10 Cr-
Groww Nifty Smallcap 250 Momentum Quality 100 ETF

Very High Risk

1.5%-₹7.51 Cr-
360 ONE MSCI India ETF

Very High Risk

1.0%-₹6.48 Cr-
Motilal Oswal BSE Select IPO ETF

Very High Risk

0.6%-₹6.01 Cr-
SBI Nifty Midcap 150 Momentum 50 ETF

Very High Risk

0.7%-₹128.71 Cr-
Aditya Birla Sun Life MSCI India ETF

Very High Risk

0.2%-₹10.51 Cr-
ITI Business Cycle Fund Regular Growth

Very High Risk

3.4%0.0%₹116.61 Cr-
ITI Business Cycle Fund Direct Growth

Very High Risk

1.7%0.0%₹116.61 Cr-
Mirae Asset BSE India Defence ETF

Very High Risk

0.7%-₹183.08 Cr-
Kotak Services Fund Regular Growth

Very High Risk

2.6%0.0%₹710.88 Cr-
Kotak Services Fund Direct Growth

Very High Risk

1.3%0.0%₹710.88 Cr-
SBI Quality Fund Direct Growth

Very High Risk

1.3%1.0%₹2577.70 Cr-
Mirae Asset BSE India Defence ETF FOF Direct Growth

Very High Risk

0.2%0.0%₹130.19 Cr-
Mirae Asset BSE India Defence ETF FOF Regular Growth

Very High Risk

0.8%0.0%₹130.19 Cr-
SBI Quality Fund Regular Growth

Very High Risk

2.4%1.0%₹2577.70 Cr-
Motilal Oswal Nifty MNC ETF

Very High Risk

0.6%-₹2.27 Cr-
JioBlackRock Sector Rotation Fund Direct Growth

Very High Risk

0.8%0.0%₹161.33 Cr-
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

0.5%0.0%₹11.82 Cr-
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

0.2%0.0%₹11.82 Cr-
Groww Nifty PSE ETF

Very High Risk

0.5%-₹17.45 Cr-
Mahindra Manulife Innovation Opportunities Fund Direct Growth

Very High Risk

0.9%0.0%₹256.96 Cr-
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

2.5%0.0%₹256.96 Cr-
Groww Nifty Chemicals ETF

Very High Risk

0.5%-₹10.95 Cr-
Motilal Oswal Nifty Services Sector ETF

Very High Risk

0.6%-₹5.90 Cr-
Groww Nifty Metal ETF

Very High Risk

0.6%-₹40.85 Cr-
DSP MSCI INDIA ETF

Very High Risk

0.4%-₹2.59 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.5%0.0%₹707.58 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.9%0.0%₹707.58 Cr-
ANGEL ONE NIFTY TOTAL MARKET MOMENTUM QUALITY 50 ETF

Very High Risk

1.1%-₹15.70 Cr-
Kotak Nifty Chemicals ETF

Very High Risk

0.3%-₹105.61 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.4%1.0%₹763.49 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.4%1.0%₹763.49 Cr-
DSP Nifty500 Flexicap Quality 30 ETF

Very High Risk

0.7%-₹15.24 Cr-12.0%
Kotak Nifty 200 Momentum 30 ETF

Very High Risk

0.8%-₹39.75 Cr-12.1%

About the AMC

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund

Total AUM

₹12,32,494 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 Contra Fund Regular Growth

Very High Risk

-1.0%--
ICICI Prudential Life Cycle Fund 2036 Direct Growth

Very High Risk

1.1%3.0%₹29.55 Cr-
ICICI Prudential Life Cycle Fund 2041 Direct Growth

Very High Risk

1.1%3.0%₹55.15 Cr-
ICICI Prudential Life Cycle Fund 2031 Direct Growth

Very High Risk

0.9%3.0%₹44.40 Cr-
ICICI Prudential Dynamic Asset Allocation Passive FOF Direct Growth

Very High Risk

0.1%1.0%₹17.26 Cr-
ICICI Prudential Multi-Asset Active FOF Direct Growth

Very High Risk

0.9%1.0%₹2512.53 Cr-
ICICI Prudential Balanced Hybrid Fund Direct Growth

High Risk

1.4%1.0%₹219.41 Cr-
iSIF Active Asset Allocator Long-Short Fund Direct Growth

Very High Risk

1.5%1.0%₹1145.42 Cr-
iSIF Equity Long-Short Fund Direct Growth

Very High Risk

2.4%1.0%₹789.84 Cr-
ICICI Prudential Diversified Equity All Cap Active FOF Direct Growth

Very High Risk

1.1%1.0%₹945.72 Cr-
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth

Very High Risk

1.4%1.0%₹2620.43 Cr-
iSIF Hybrid Long-Short Fund Direct Growth

Very High Risk

1.2%1.0%₹1556.59 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.4%1.0%₹763.49 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

1.9%1.0%₹2097.15 Cr-2.8%
ICICI Prudential Nifty Private Bank Index Fund Direct Growth

Very High Risk

0.7%0.0%₹57.46 Cr-5.4%
ICICI Prudential Nifty Top 15 Equal Weight Index Fund Direct Growth

Very High Risk

0.4%0.0%₹33.74 Cr-13.8%
ICICI Prudential Nifty200 Quality 30 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹23.90 Cr-9.4%
ICICI Prudential Quality Fund Direct Growth

Very High Risk

1.4%1.0%₹2002.35 Cr-1.2%
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth

Very High Risk

0.7%0.0%₹50.99 Cr-7.3%
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹538.78 Cr6.7%
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%₹1895.51 Cr-12.5%
ICICI Prudential Nifty 500 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹102.15 Cr-8.3%
ICICI Prudential Equity Minimum Variance Fund Direct Growth

Very High Risk

1.8%1.0%₹2450.58 Cr-7.5%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

Very High Risk

0.6%0.0%₹187.92 Cr2.3%
ICICI Prudential Energy Opportunities Fund Direct Growth

Very High Risk

1.1%1.0%₹8029.31 Cr3.2%
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%₹290.29 Cr-6.9%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.5%0.0%₹94.54 Cr-11.9%
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 Cr-10.4%
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 Cr5.7%
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%₹8894.33 Cr-3.6%
ICICI Prudential Floating Interest Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹8657.84 Cr5.6%
ICICI Prudential Gilt Fund Direct Growth

Low to Moderate Risk

0.6%0.0%₹9117.79 Cr1.3%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.6%0.0%₹12863.13 Cr3.3%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹822.48 Cr-1.0%
ICICI Prudential Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹55340.45 Cr6.4%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

1.2%1.0%₹7549.12 Cr-3.6%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.3%1.0%₹89.96 Cr16.6%

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 21-Oct-2026, is ₹24.74.
The fund has generated -8.10% over the last 1 year and 13.64% 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 96.99% in equities, 0.00% in bonds, and 3.00% 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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