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Fund Overview

Fund Size

Fund Size

₹14,359 Cr

Expense Ratio

Expense Ratio

0.73%

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, 2 months and 28 days, having been launched on 18-Jan-21.
As of 13-Apr-26, it has a Net Asset Value (NAV) of ₹25.64, Assets Under Management (AUM) of 14359.02 Crores, and an expense ratio of 0.73%.
  • ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 19.72% since inception.
  • The fund's asset allocation comprises around 99.10% in equities, 0.00% in debts, and 0.90% 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

+11.92%

(Cat Avg.)

3 Years

+21.54%

(Cat Avg.)

5 Years

+19.73%

(Cat Avg.)

Since Inception

+19.72%

(Cat Avg.)

Portfolio Summaryas of 31st March 2026

Equity14,229.86 Cr99.10%
Others129.16 Cr0.90%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity1,353.84 Cr9.43%
ICICI Bank LtdEquity1,086.43 Cr7.57%
Larsen & Toubro LtdEquity994.54 Cr6.93%
Reliance Industries LtdEquity828.15 Cr5.77%
Axis Bank LtdEquity603.17 Cr4.20%
NTPC LtdEquity537.02 Cr3.74%
Maruti Suzuki India LtdEquity527.27 Cr3.67%
Xtrackers Harvest CSI 300 China A ETFMutual Fund - ETF493.15 Cr3.43%
UltraTech Cement LtdEquity455.64 Cr3.17%
Bharti Airtel LtdEquity427.59 Cr2.98%
HDFC Life Insurance Co LtdEquity365.09 Cr2.54%
DLF LtdEquity361.69 Cr2.52%
Nifty 50 IndexEquity Index - Future354.08 Cr2.47%
Cash Offset For DerivativesCash - General Offset-354.08 Cr2.47%
Hero MotoCorp LtdEquity327.16 Cr2.28%
Asian Paints LtdEquity286.49 Cr2.00%
Kotak Mahindra Bank LtdEquity280.03 Cr1.95%
InterGlobe Aviation LtdEquity258.95 Cr1.80%
Cummins India LtdEquity251.06 Cr1.75%
Mahindra & Mahindra LtdEquity250.24 Cr1.74%
TrepsCash - Repurchase Agreement249.95 Cr1.74%
Oil & Natural Gas Corp LtdEquity213.97 Cr1.49%
SBI Life Insurance Co LtdEquity212.48 Cr1.48%
Prestige Estates Projects LtdEquity185.79 Cr1.29%
Power Grid Corp Of India LtdEquity161.08 Cr1.12%
Hindustan Aeronautics Ltd Ordinary SharesEquity157.98 Cr1.10%
Shree Cement LtdEquity156.98 Cr1.09%
Bajaj Auto LtdEquity154.89 Cr1.08%
Page Industries LtdEquity152.42 Cr1.06%
Hyundai Motor India LtdEquity151.54 Cr1.06%
Info Edge (India) LtdEquity143.7 Cr1.00%
ICICI Prudential Life Insurance Co LtdEquity141.34 Cr0.98%
TbillBond - Gov't/Treasury119.86 Cr0.83%
ABB India LtdEquity115.89 Cr0.81%
ICICI Lombard General Insurance Co LtdEquity107.02 Cr0.75%
Siemens LtdEquity106.75 Cr0.74%
Triveni Turbine LtdEquity105.2 Cr0.73%
Ashok Leyland LtdEquity104.59 Cr0.73%
HDFC Asset Management Co LtdEquity97.44 Cr0.68%
Timken India LtdEquity93.26 Cr0.65%
Oil India LtdEquity92.96 Cr0.65%
NHPC LtdEquity92.78 Cr0.65%
Atul LtdEquity83.74 Cr0.58%
TbillBond - Gov't/Treasury83.56 Cr0.58%
Gujarat Pipavav Port LtdEquity82.77 Cr0.58%
Net Current AssetsCash-80.61 Cr0.56%
Ingersoll-Rand (India) LtdEquity73.84 Cr0.51%
PI Industries LtdEquity73.36 Cr0.51%
Oberoi Realty LtdEquity69.11 Cr0.48%
Trent LtdEquity65.98 Cr0.46%
Tata Power Co LtdEquity64.11 Cr0.45%
Life Insurance Corporation of IndiaEquity60.2 Cr0.42%
TbillBond - Gov't/Treasury49.88 Cr0.35%
Supreme Industries LtdEquity47.38 Cr0.33%
Swiggy LtdEquity47.25 Cr0.33%
SKF India (Industrial) LtdEquity46.43 Cr0.32%
IndiaMART InterMESH LtdEquity45.34 Cr0.32%
Aarti Industries LtdEquity43.88 Cr0.31%
Indian Energy Exchange LtdEquity43.81 Cr0.31%
TVS Holdings LtdEquity43 Cr0.30%
Affle 3i LtdEquity40.07 Cr0.28%
Gujarat Narmada Valley Fertilizers & Chemicals LtdEquity38.73 Cr0.27%
Tata Chemicals LtdEquity37.92 Cr0.26%
Bharat Heavy Electricals LtdEquity36.6 Cr0.25%
Cash Margin - DerivativesCash - Collateral35.2 Cr0.25%
Honeywell Automation India LtdEquity34.22 Cr0.24%
CARE Ratings LtdEquity33.7 Cr0.23%
SKF India LtdEquity31.8 Cr0.22%
LIC Housing Finance LtdEquity31.73 Cr0.22%
UTI Asset Management Co LtdEquity31 Cr0.22%
Sobha LtdEquity24.94 Cr0.17%
TbillBond - Gov't/Treasury24.87 Cr0.17%
Amara Raja Energy & Mobility LtdEquity24.46 Cr0.17%
3M India LtdEquity20.4 Cr0.14%
Gujarat State Petronet LtdEquity18.57 Cr0.13%
Tata Motors LtdEquity17.86 Cr0.12%
Can Fin Homes LtdEquity17.77 Cr0.12%
Automotive Axles LtdEquity17.49 Cr0.12%
Bank of BarodaEquity16.48 Cr0.11%
Birla Corp LtdEquity14.45 Cr0.10%
Supreme Petrochem LtdEquity14.07 Cr0.10%
Grindwell Norton LtdEquity13.69 Cr0.10%
Tata Motors Passenger Vehicles LtdEquity13.4 Cr0.09%
PNB Housing Finance LtdEquity9.88 Cr0.07%
GAIL (India) LtdEquity8.64 Cr0.06%
Sundaram Finance LtdEquity2.19 Cr0.02%
Camlin Fine Sciences LtdEquity0.48 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

75.31%

Mid Cap Stocks

10.26%

Small Cap Stocks

7.63%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services4,493.6 Cr31.29%
Industrials2,599.82 Cr18.11%
Consumer Cyclical1,768.48 Cr12.32%
Basic Materials1,205.75 Cr8.40%
Energy1,135.08 Cr7.91%
Utilities882.21 Cr6.14%
Communication Services656.7 Cr4.57%
Real Estate641.52 Cr4.47%

Risk & Performance Ratios

Standard Deviation

This fund

13.89%

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

0.90

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 March 2026

ISIN
INF109KC1P24
Expense Ratio
0.73%
Exit Load
1.00%
Fund Size
₹14,359 Cr
Age
5 years 2 months
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
Sapphire Equity Long-Short SIF Regular Growth

Very High Risk

-1.0%--
Sapphire Equity Long-Short SIF Direct Growth

Very High Risk

-1.0%--
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

Very High Risk

-0.0%₹712.06 Cr-
Kotak Services Fund Direct Growth

Very High Risk

-0.0%₹712.06 Cr-
SBI Quality Fund Direct Growth

Very High Risk

0.7%1.0%₹2095.53 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%₹2095.53 Cr-
Motilal Oswal Nifty MNC ETF

Very High Risk

0.5%-₹2.07 Cr-
JioBlackRock Sector Rotation Fund Direct Growth

Very High Risk

0.5%0.0%₹117.91 Cr-
Groww Nifty PSE ETF FOF Regular Growth

Very High Risk

0.6%0.0%₹10.86 Cr-
Groww Nifty PSE ETF FOF Direct Growth

Very High Risk

0.3%0.0%₹10.86 Cr-
Groww Nifty PSE ETF

Very High Risk

0.5%-₹16.55 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%₹157.58 Cr-
Mahindra Manulife Innovation Opportunities Fund Regular Growth

Very High Risk

2.4%0.0%₹157.58 Cr-
Groww Nifty Chemicals ETF

Very High Risk

0.4%-₹7.00 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%-₹3.00 Cr-
Kotak Rural Opportunities Fund Regular Growth

Very High Risk

2.3%0.0%₹759.93 Cr-
Kotak Rural Opportunities Fund Direct Growth

Very High Risk

0.7%0.0%₹759.93 Cr-
Altiva Hybrid Long-Short Fund Direct Growth

Low to Moderate Risk

-0.0%₹3216.06 Cr-
Magnum Hybrid Long Short Fund Regular Growth

Low to Moderate Risk

1.2%0.0%₹3390.82 Cr-
Altiva Hybrid Long-Short Fund Regular Growth

Low to Moderate Risk

-0.0%₹3216.06 Cr-
Magnum Hybrid Long Short Fund Direct Growth

Low to Moderate Risk

0.5%0.0%₹3390.82 Cr-
ICICI Prudential Conglomerate Fund Regular Growth

Moderately High risk

2.3%1.0%₹736.28 Cr-
ICICI Prudential Conglomerate Fund Direct Growth

Moderately High risk

1.2%1.0%₹736.28 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%₹33.71 Cr-
The Wealth Company Ethical Fund Regular Growth

Very High Risk

2.3%0.0%₹33.71 Cr-
Baroda BNP Paribas Business Conglomerates Fund Direct Growth

Very High Risk

0.6%1.0%₹621.82 Cr-
Baroda BNP Paribas Business Conglomerates Fund Regular Growth

Very High Risk

2.3%1.0%₹621.82 Cr-
Motilal Oswal Nifty Alpha 50 ETF

Very High Risk

0.5%-₹5.78 Cr-
Kotak Active Momentum Fund Direct Growth

Very High Risk

0.8%0.0%₹1303.76 Cr-
Kotak Active Momentum Fund Regular Growth

Very High Risk

2.1%0.0%₹1303.76 Cr-

About the AMC

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund

Total AUM

₹11,79,730 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 Diversified Equity All Cap Active FOF Direct Growth

Moderately 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%₹736.28 Cr-
ICICI Prudential Active Momentum Fund Direct Growth

Moderate Risk

1.1%1.0%₹1691.07 Cr-
ICICI Prudential Nifty Private Bank Index Fund Direct Growth

Very High Risk

0.3%0.0%₹19.32 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%₹21.58 Cr-
ICICI Prudential Quality Fund Direct Growth

Very High Risk

0.9%1.0%₹2011.06 Cr-
ICICI Prudential Nifty EV & New Age Automotive ETF FOF Direct Growth

Very High Risk

1.0%0.0%₹30.19 Cr-
ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹450.44 Cr6.9%
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%₹1937.94 Cr7.0%
ICICI Prudential Nifty 500 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹70.74 Cr7.1%
ICICI Prudential Equity Minimum Variance Fund Direct Growth

Very High Risk

0.8%1.0%₹2919.84 Cr7.3%
ICICI Prudential Nifty200 Value 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹183.36 Cr27.7%
ICICI Prudential Energy Opportunities Fund Direct Growth

Very High Risk

0.6%1.0%₹8795.59 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%₹230.36 Cr10.1%
ICICI Prudential Nifty50 Value 20 Index Fund Direct Growth

Very High Risk

0.3%0.0%₹96.46 Cr5.0%
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 Cr6.2%
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

Very High Risk

1.0%0.0%₹38.95 Cr6.9%
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 Cr6.7%
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

1.0%1.0%₹8210.94 Cr5.8%
ICICI Prudential Floating Interest Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹7215.48 Cr7.3%
ICICI Prudential Gilt Fund Direct Growth

Low to Moderate Risk

0.6%0.0%₹8858.44 Cr3.5%
ICICI Prudential All Seasons Bond Fund Direct Growth

Moderately High risk

0.6%0.0%₹14001.88 Cr5.0%
ICICI Prudential Long Term Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹954.93 Cr0.5%
ICICI Prudential Liquid Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹53738.39 Cr6.3%
ICICI Prudential Innovation Fund Direct Growth

Very High Risk

0.7%1.0%₹6799.20 Cr9.3%
ICICI Prudential Global Stable Equity Fund (FOF) Direct Growth

Very High Risk

1.2%1.0%₹85.70 Cr21.0%
ICICI Prudential Bond Fund Direct Growth

Moderate Risk

0.6%0.0%₹2698.39 Cr3.6%
ICICI Prudential Smallcap Fund Direct Growth

Very High Risk

0.8%1.0%₹7538.12 Cr7.0%
ICICI Prudential Midcap Fund Direct Growth

Very High Risk

1.0%1.0%₹6568.77 Cr28.7%
ICICI Prudential Infrastructure Fund Direct Growth

Very High Risk

1.1%1.0%₹7553.54 Cr11.9%
ICICI Prudential Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹14153.47 Cr5.4%
ICICI Prudential Regular Savings Fund Direct Growth

High Risk

0.9%1.0%₹3271.05 Cr7.0%
ICICI Prudential Money Market Fund Direct Growth

Low to Moderate Risk

0.2%0.0%₹31749.72 Cr6.7%
ICICI Prudential Nifty Next 50 Index Direct Growth

Very High Risk

0.3%0.0%₹7604.43 Cr9.8%
ICICI Prudential Regular Gold Savings (FOF) Direct Growth

High Risk

0.6%1.0%₹6164.38 Cr59.4%

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 13-Apr-2026, is ₹25.64.
The fund has generated 11.92% over the last 1 year and 21.54% 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 99.10% in equities, 0.00% in bonds, and 0.90% 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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