ICICI Prudential Business Cycle Fund Regular Growth
EquityEquity - OtherVery High Risk
Regular
NAV (17-Jun-25)
₹23.98-0.29%1D
Returns (Since Inception)
21.93%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹12,972 Cr
Expense Ratio
1.71%
ISIN
INF109KC1O90
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
18 Jan 2021
About this fund
ICICI Prudential Business Cycle Fund Regular Growth is a Equity - Other mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 4 years, 5 months and 1 days, having been launched on 18-Jan-21.
As of 17-Jun-25, it has a Net Asset Value (NAV) of ₹23.98, Assets Under Management (AUM) of 12972.09 Crores, and an expense ratio of 1.71%.
As of 17-Jun-25, it has a Net Asset Value (NAV) of ₹23.98, Assets Under Management (AUM) of 12972.09 Crores, and an expense ratio of 1.71%.
- ICICI Prudential Business Cycle Fund Regular Growth has given a CAGR return of 21.93% since inception.
- The fund's asset allocation comprises around 89.81% in equities, 0.00% in debts, and 10.01% in cash & cash equivalents.
- You can start investing in ICICI Prudential Business Cycle Fund Regular 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
+7.82%
— (Cat Avg.)
3 Years
+26.66%
— (Cat Avg.)
Since Inception
+21.93%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹11,650.02 Cr | 89.81% |
| Others | ₹1,322.08 Cr | 10.19% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹1,190.45 Cr | 9.18% |
| ICICI Bank Ltd | Equity | ₹1,167.39 Cr | 9.00% |
| Larsen & Toubro Ltd | Equity | ₹906.54 Cr | 6.99% |
| Reliance Industries Ltd | Equity | ₹870.26 Cr | 6.71% |
| Cash Offset For Derivatives | Cash - General Offset | ₹596.06 Cr | 4.59% |
| Treps | Cash - Repurchase Agreement | ₹573.62 Cr | 4.42% |
| Maruti Suzuki India Ltd | Equity | ₹520.11 Cr | 4.01% |
| Axis Bank Ltd | Equity | ₹502.18 Cr | 3.87% |
| UltraTech Cement Ltd | Equity | ₹499.11 Cr | 3.85% |
| Bharti Airtel Ltd | Equity | ₹437.83 Cr | 3.38% |
| Cummins India Ltd | Equity | ₹421.19 Cr | 3.25% |
| Xtrackers Harvest CSI 300 China A ETF | Mutual Fund - ETF | ₹359.66 Cr | 2.77% |
| Hero MotoCorp Ltd | Equity | ₹341.27 Cr | 2.63% |
| NTPC Ltd | Equity | ₹308.44 Cr | 2.38% |
| DLF Ltd | Equity | ₹293.64 Cr | 2.26% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹268.06 Cr | 2.07% |
| HDFC Life Insurance Co Ltd | Equity | ₹224.38 Cr | 1.73% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-214.42 Cr | 1.65% |
| Tata Motors Ltd | Equity | ₹210.8 Cr | 1.62% |
| InterGlobe Aviation Ltd | Equity | ₹187.37 Cr | 1.44% |
| Vedanta Ltd | Equity | ₹186.76 Cr | 1.44% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹184.14 Cr | 1.42% |
| Future on Tata Motors Ltd | Equity - Future | ₹-170.21 Cr | 1.31% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-156.27 Cr | 1.20% |
| SBI Life Insurance Co Ltd | Equity | ₹147.15 Cr | 1.13% |
| Prestige Estates Projects Ltd | Equity | ₹142.17 Cr | 1.10% |
| HDFC Asset Management Co Ltd | Equity | ₹139.05 Cr | 1.07% |
| Mahindra & Mahindra Ltd | Equity | ₹137.38 Cr | 1.06% |
| Max Financial Services Ltd | Equity | ₹134.59 Cr | 1.04% |
| Asian Paints Ltd | Equity | ₹124.3 Cr | 0.96% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹115.31 Cr | 0.89% |
| Hindalco Industries Ltd | Equity | ₹102.66 Cr | 0.79% |
| NHPC Ltd | Equity | ₹100.3 Cr | 0.77% |
| Bank of Baroda | Equity | ₹96.96 Cr | 0.75% |
| Shree Cement Ltd | Equity | ₹94.24 Cr | 0.73% |
| Page Industries Ltd | Equity | ₹89.05 Cr | 0.69% |
| Affle 3i Ltd | Equity | ₹86.64 Cr | 0.67% |
| Siemens Ltd | Equity | ₹84.05 Cr | 0.65% |
| Indian Energy Exchange Ltd | Equity | ₹80.42 Cr | 0.62% |
| Ashok Leyland Ltd | Equity | ₹79.9 Cr | 0.62% |
| Bajaj Auto Ltd | Equity | ₹78.32 Cr | 0.60% |
| Union Bank of India | Equity | ₹75.74 Cr | 0.58% |
| Gujarat Pipavav Port Ltd | Equity | ₹75.31 Cr | 0.58% |
| Power Grid Corp Of India Ltd | Equity | ₹68.19 Cr | 0.53% |
| Ingersoll-Rand (India) Ltd | Equity | ₹67.85 Cr | 0.52% |
| Siemens Engy Ind | Equity | ₹63.77 Cr | 0.49% |
| SKF India Ltd | Equity | ₹61.63 Cr | 0.48% |
| Hyundai Motor India Ltd | Equity | ₹58.86 Cr | 0.45% |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | Equity | ₹56.6 Cr | 0.44% |
| Birla Corp Ltd | Equity | ₹52.27 Cr | 0.40% |
| Aarti Industries Ltd | Equity | ₹51.6 Cr | 0.40% |
| 364 DTB | Bond - Gov't/Treasury | ₹49.91 Cr | 0.38% |
| Aurobindo Pharma Ltd | Equity | ₹49.77 Cr | 0.38% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.75 Cr | 0.38% |
| 364 DTB 07082025 | Bond - Gov't/Treasury | ₹49.49 Cr | 0.38% |
| ABB India Ltd | Equity | ₹45.54 Cr | 0.35% |
| Oil & Natural Gas Corp Ltd | Equity | ₹43.19 Cr | 0.33% |
| Timken India Ltd | Equity | ₹41.89 Cr | 0.32% |
| Graphite India Ltd | Equity | ₹40.5 Cr | 0.31% |
| Schaeffler India Ltd | Equity | ₹36.92 Cr | 0.28% |
| Ambuja Cements Ltd | Equity | ₹36.04 Cr | 0.28% |
| TVS Holdings Ltd | Equity | ₹35.95 Cr | 0.28% |
| JK Cement Ltd | Equity | ₹34.89 Cr | 0.27% |
| Atul Ltd | Equity | ₹34.3 Cr | 0.26% |
| Navin Fluorine International Ltd | Equity | ₹30.82 Cr | 0.24% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-30.64 Cr | 0.24% |
| PI Industries Ltd | Equity | ₹29.67 Cr | 0.23% |
| Balkrishna Industries Ltd | Equity | ₹28.1 Cr | 0.22% |
| Gujarat State Petronet Ltd | Equity | ₹26.59 Cr | 0.20% |
| Net Current Assets | Cash | ₹-25.69 Cr | 0.20% |
| Piramal Pharma Ltd | Equity | ₹24.7 Cr | 0.19% |
| Syngene International Ltd | Equity | ₹23.8 Cr | 0.18% |
| IndiaMART InterMESH Ltd | Equity | ₹23.72 Cr | 0.18% |
| Cash Margin - Derivatives | Other Assets And Liabilities | ₹23.2 Cr | 0.18% |
| Future on Kotak Mahindra Bank Ltd | Equity - Future | ₹-18.96 Cr | 0.15% |
| Kotak Mahindra Bank Ltd | Equity | ₹18.84 Cr | 0.15% |
| HeidelbergCement India Ltd | Equity | ₹18.23 Cr | 0.14% |
| Torrent Pharmaceuticals Ltd | Equity | ₹15.95 Cr | 0.12% |
| Life Insurance Corporation of India | Equity | ₹11.37 Cr | 0.09% |
| Tata Chemicals Ltd | Equity | ₹11.28 Cr | 0.09% |
| 3M India Ltd | Equity | ₹10.7 Cr | 0.08% |
| Samvardhana Motherson International Ltd | Equity | ₹10.31 Cr | 0.08% |
| Phoenix Mills Ltd | Equity | ₹7.91 Cr | 0.06% |
| Oil India Ltd | Equity | ₹6.31 Cr | 0.05% |
| Future on Axis Bank Ltd | Equity - Future | ₹-5.55 Cr | 0.04% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.96 Cr | 0.04% |
| Swiggy Ltd | Equity | ₹3.78 Cr | 0.03% |
| Sagar Cements Ltd | Equity | ₹1.89 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
70.97%
Mid Cap Stocks
9.24%
Small Cap Stocks
6.34%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹4,087.97 Cr | 31.51% |
| Industrials | ₹2,022.48 Cr | 15.59% |
| Consumer Cyclical | ₹1,550.85 Cr | 11.96% |
| Basic Materials | ₹1,364.64 Cr | 10.52% |
| Energy | ₹919.76 Cr | 7.09% |
| Communication Services | ₹548.19 Cr | 4.23% |
| Utilities | ₹503.52 Cr | 3.88% |
| Real Estate | ₹443.72 Cr | 3.42% |
| Healthcare | ₹382.28 Cr | 2.95% |
Risk & Performance Ratios
Standard Deviation
This fund
12.98%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.20
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Manish Banthia
Since January 2021
AT
Anish Tawakley
Since January 2021
Lalit Kumar
Since January 2021
SD
Sharmila D’mello
Since July 2022
Additional Scheme Detailsas of 31st May 2025
ISIN | INF109KC1O90 | Expense Ratio | 1.71% | Exit Load | 1.00% | Fund Size | ₹12,972 Cr | Age | 4 years 5 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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  |
|---|---|---|---|---|
| Motilal Oswal Nifty India Tourism ETF Very High Risk | - | - | - | - |
| Motilal Oswal Nifty India Manufacturing ETF Very High Risk | - | - | ₹5.27 Cr | - |
| Motilal Oswal Services Fund Direct Growth Very High Risk | - | 1.0% | - | - |
| Motilal Oswal Services Fund Regular Growth Very High Risk | - | 1.0% | - | - |
| ICICI Prudential Quality Fund Direct Growth Very High Risk | - | 1.0% | ₹1801.45 Cr | - |
| ICICI Prudential Quality Fund Regular Growth Very High Risk | - | 1.0% | ₹1801.45 Cr | - |
| Motilal Oswal Nifty Capital Market ETF Very High Risk | 0.3% | - | ₹4.63 Cr | - |
| Mirae Asset BSE Select IPO ETF Very High Risk | 0.2% | - | ₹18.06 Cr | - |
| Mirae Asset BSE Select IPO ETF Fund of Fund Regular Growth Very High Risk | 0.9% | 0.0% | ₹9.66 Cr | - |
| Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk | 0.2% | 0.0% | ₹9.66 Cr | - |
About the AMC
Total AUM
₹9,45,300 Cr
Address
3rd Floor, Hallmark Business Plaza, Mumbai, 400 051
Other Funds by ICICI Prudential Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of ICICI Prudential Business Cycle Fund Regular Growth?
The NAV of ICICI Prudential Business Cycle Fund Regular Growth, as of 17-Jun-2025, is ₹23.98.
What are the returns of ICICI Prudential Business Cycle Fund Regular Growth?
The fund has generated 7.82% over the last 1 year and 26.66% 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 Regular Growth?
The fund's allocation of assets is distributed as 89.81% in equities, 0.00% in bonds, and 10.01% in cash and cash equivalents.
Who manages the ICICI Prudential Business Cycle Fund Regular Growth?
The fund managers responsible for ICICI Prudential Business Cycle Fund Regular Growth are:-
- Manish Banthia
- Anish Tawakley
- Lalit Kumar
- Sharmila D’mello
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.
©2021-2022 Dezerv. All Rights Reserved
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.