ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

+21.36%
3Y annualised
+0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 20 Mar '26
₹24.61
Min. for SIP
₹100
Fund size
₹16,201.80 Cr
Expense ratio
0.75%

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
3 months₹15,000₹15,428
+2.85%
6 months₹30,000₹31,524
+5.08%
1 year₹60,000₹66,297
+10.50%
3 years₹1,80,000₹2,48,531
+38.07%

Holdings (83)

NameSectorInstrumentsAssets
HDFC Bank Ltd.FinancialEquity9.41%
ICICI Bank Ltd.FinancialEquity7.67%
Larsen & Toubro Ltd.ConstructionEquity6.92%
Reliance Industries Ltd.EnergyEquity5.30%
Axis Bank Ltd.FinancialEquity4.44%
Maruti Suzuki India Ltd.AutomobileEquity3.66%
NTPC Ltd.EnergyEquity3.42%
Ultratech Cement Ltd.ConstructionEquity3.21%
Xtrackers Harvest CSI 300 China A-Shares ETFFinancialForeign MF3.06%
Bharti Airtel Ltd.CommunicationEquity2.67%
Hero Motocorp Ltd.AutomobileEquity2.57%
Cummins India Ltd.Capital GoodsEquity2.43%
DLF Ltd.ConstructionEquity2.35%
HDFC Life Insurance Co Ltd.InsuranceEquity2.31%
Asian Paints Ltd.ChemicalsEquity1.94%
Mahindra & Mahindra Ltd.AutomobileEquity1.78%
SBI Life Insurance Company Ltd.InsuranceEquity1.67%
Interglobe Aviation Ltd.ServicesEquity1.66%
Oil And Natural Gas Corporation Ltd.EnergyEquity1.30%
Prestige Estates Projects Ltd.ConstructionEquity1.19%
Bajaj Auto Ltd.AutomobileEquity1.09%
ICICI Prudential Life Insurance Company Ltd.InsuranceEquity1.08%
Power Grid Corporation Of India Ltd.EnergyEquity1.01%
Hindustan Aeronautics Ltd.Capital GoodsEquity0.97%
Vedanta Ltd.Metals & MiningEquity0.97%
Shree Cement Ltd.ConstructionEquity0.96%
Page Industries Ltd.TextilesEquity0.95%
Info Edge (India) Ltd.ServicesEquity0.94%
Hyundai Motor India Ltd.AutomobileEquity0.89%
Ashok Leyland Ltd.AutomobileEquity0.88%
Siemens Ltd.Capital GoodsEquity0.77%
Reserve Bank of IndiaFinancialT-Bills0.74%
HDFC Asset Management Company Ltd.FinancialEquity0.73%
ABB India Ltd.Capital GoodsEquity0.73%
Gujarat Pipavav Port Ltd.ServicesEquity0.63%
Timken India Ltd.Capital GoodsEquity0.62%
Oil India Ltd.EnergyEquity0.61%
NHPC Ltd.EnergyEquity0.59%
3M India Ltd.Consumer StaplesEquity0.57%
Triveni Turbine Ltd.ConstructionEquity0.56%
Atul Ltd.ChemicalsEquity0.54%
Ingersoll-Rand (India) Ltd.Capital GoodsEquity0.52%
PI Industries Ltd.ChemicalsEquity0.52%
Reserve Bank of IndiaFinancialT-Bills0.51%
ICICI Lombard General Insurance Company Ltd.InsuranceEquity0.48%
Oberoi Realty Ltd.ConstructionEquity0.46%
Life Insurance Corporation of IndiaInsuranceEquity0.43%
Trent Ltd.ServicesEquity0.41%
Tata Power Company Ltd.EnergyEquity0.39%
SKF India (Industrial) Ltd.Capital GoodsEquity0.35%
Swiggy Ltd.ServicesEquity0.34%
Supreme Industries Ltd.ChemicalsEquity0.31%
Reserve Bank of IndiaFinancialT-Bills0.31%
Aarti Industries Ltd.ChemicalsEquity0.30%
Indiamart Intermesh Ltd.ServicesEquity0.30%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.ChemicalsEquity0.30%
Indian Energy Exchange Ltd.ServicesEquity0.30%
TVS Holdings Ltd.AutomobileEquity0.29%
Tata Chemicals Ltd.ChemicalsEquity0.27%
Honeywell Automation India Ltd.Capital GoodsEquity0.25%
Bharat Heavy Electricals Ltd.Capital GoodsEquity0.24%
SKF India Ltd.Capital GoodsEquity0.24%
Affle 3I Ltd.TechnologyEquity0.24%
Care Ratings Ltd.ServicesEquity0.22%
LIC Housing Finance Ltd.FinancialEquity0.21%
UTI Asset Management Company Ltd.FinancialEquity0.20%
Amara Raja Energy & Mobility LtdCapital GoodsEquity0.19%
Sobha Ltd.ConstructionEquity0.18%
Schaeffler India Ltd.Capital GoodsEquity0.15%
Reserve Bank of IndiaFinancialT-Bills0.15%
Gujarat State Petronet Ltd.EnergyEquity0.15%
Automotive Axles Ltd.AutomobileEquity0.14%
Tata Motors Ltd.AutomobileEquity0.14%
Bank Of BarodaFinancialEquity0.13%
Can Fin Homes Ltd.FinancialEquity0.11%
Birla Corporation Ltd.ConstructionEquity0.11%
Tata Motors Passenger Vehicles Ltd.AutomobileEquity0.11%
Grindwell Norton Ltd.Metals & MiningEquity0.10%
Supreme Petrochem Ltd.ChemicalsEquity0.08%
GAIL (India) Ltd.EnergyEquity0.07%
Sundaram Finance Ltd.FinancialEquity0.02%
PNB Housing Finance Ltd.FinancialEquity0.02%
Camlin Fine Sciences Ltd.ChemicalsEquity0.00%
See All

Minimum investments

Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹100

Returns and rankings

Annualised returns
Absolute returns
Name1Y3Y5YAll
Fund returns+6.6%+21.4%+18.2%+19.0%
Category average (Equity Thematic)-0.6%+16.8%+19.9%--
Rank (Equity Thematic)411--

Exit load, stamp duty and tax

Exit load

Exit load of 1% if redeemed within 1 month

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data

Fund management

MB
Manish Banthia
Dec 2020 - Present
View details

Education
Mr. Banthia is B.Com, CA and MBA
Experience
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Also manages these schemes

DJ
Divya Jain
Jan 2026 - Present
View details

Education
CA, CFA level-1 and B.Com
Experience
Prior to joining the ICICI MF, she was associated with Ultratech Cements Ltd.

About ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Manish Banthia is the Current Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,24,266 Cr and the Latest NAV as of 20 Mar 2026 is ₹24.61. The ICICI Prudential Business Cycle Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 1% if redeemed within 1 month ;

Investment Objective

The scheme seeks to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.
Fund benchmarkNIFTY 500 Total Return Index

Fund house

Rank (total assets)#3 in India
Total AUM₹11,24,266.03 Cr
Date of Incorporation12 Oct 1993
Phone--
E-mail--
Launch Date12 Oct 1993
AddressOne BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
CustodianCitibank NA
Registrar & Transfer AgentCams
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,