How to Invest in ICICI Prudential Business Cycle Fund Direct Growth?

You can easily invest in ICICI Prudential Business Cycle Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for ICICI Prudential Business Cycle Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in ICICI Prudential Business Cycle Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ICICI Prudential Business Cycle Fund Direct Growth provide?

The ICICI Prudential Business Cycle Fund Direct Growth has been there from 18 Jan 2021 and the average annual returns provided by this fund is 17.01% since its inception.

How much expense ratio is charged by ICICI Prudential Business Cycle Fund Direct Growth?

The term Expense Ratio used for ICICI Prudential Business Cycle Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of ICICI Prudential Business Cycle Fund Direct Growth is 1.04% as of 10 Oct 2026...

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

The AUM, short for Assets Under Management of ICICI Prudential Business Cycle Fund Direct Growth is ₹14,889.03Cr as of 10 Oct 2026.

How to Redeem ICICI Prudential Business Cycle Fund Direct Growth?

If you want to sell your ICICI Prudential Business Cycle Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

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

The NAV of ICICI Prudential Business Cycle Fund Direct Growth is ₹24.84 as of 09 Oct 2026.

What is the PE and PB ratio of ICICI Prudential Business Cycle Fund Direct Growth?

The PE ratio ratio of ICICI Prudential Business Cycle Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

ICICI Prudential Business Cycle Fund Direct Growth

Name: ICICI Prudential Business Cycle Fund Direct Growth
Brand: ICICI Prudential Mutual Fund

Equity

Thematic

Very High Risk

+13.34%

3Y annualised

+1.10% 1D

All

NAV: 09 Oct '26

₹24.84

Min. for SIP

₹100

Fund size (AUM)

₹14,889.03 Cr

Expense ratio

1.04%

Rating

Return calculator

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
6 months	₹30,000	₹28,466	-5.11%
1 year	₹60,000	₹56,338	-6.10%
3 years	₹1,80,000	₹1,85,837	+3.24%
5 years	₹3,00,000	₹3,95,568	+31.86%

Holdings (95)

Name	Sector	Instruments	Assets
HDFC Bank Ltd	Financial	Equity	9.57%
Repo	Unspecified	Repo	9.56%
ICICI Bank Ltd	Financial	Equity	6.70%
Reliance Industries Ltd	Energy & Utilities	Equity	5.31%
Larsen & Toubro Ltd	Industrials	Equity	4.50%
Axis Bank Ltd Futures	Financial	Futures	4.32%
Maruti Suzuki India Ltd	Consumer Discretionary	Equity	3.95%
Kotak Mahindra Bank Ltd	Financial	Equity	3.44%
DLF Ltd	Real Estate	Equity	3.25%
Bharti Airtel Ltd	Technology	Equity	2.97%
Xtrackers Harvest CSI 300 China A-Shares ETF	Unspecified	Foreign Mutual Funds	2.95%
HDFC Life Insurance Co Ltd	Financial	Equity	2.95%
Ultratech Cement Ltd	Materials	Equity	2.77%
Mahindra & Mahindra Ltd	Consumer Discretionary	Equity	2.64%
Hero Motocorp Ltd	Consumer Discretionary	Equity	2.44%
NTPC Ltd	Energy & Utilities	Equity	2.28%
Interglobe Aviation Ltd	Industrials	Equity	2.06%
State Bank of India Futures	Financial	Futures	2.00%
Prestige Estates Projects Ltd	Real Estate	Equity	1.95%
Hyundai Motor India Ltd.	Consumer Discretionary	Equity	1.81%
Asian Paints Ltd	Materials	Equity	1.81%
SBI Life Insurance Company Ltd	Financial	Equity	1.68%
Axis Bank Ltd	Financial	Equity	1.44%
Info Edge (India) Ltd	Technology	Equity	1.41%
Trent Ltd	Consumer Discretionary	Equity	1.33%
ICICI Lombard General Insurance Company Ltd	Financial	Equity	1.32%
Shree Cement Ltd	Materials	Equity	1.11%
ICICI Prudential Life Insurance Company Ltd	Financial	Equity	1.05%
Cummins India Ltd	Industrials	Equity	0.95%
Ashok Leyland Ltd	Industrials	Equity	0.93%
Hindustan Aeronautics Ltd	Industrials	Equity	0.93%
Triveni Turbine Ltd	Industrials	Equity	0.75%
HDFC Asset Management Company Ltd	Financial	Equity	0.67%
Tata Motors Ltd	Industrials	Equity	0.67%
Atul Ltd	Materials	Equity	0.64%
Page Industries Ltd	Consumer Discretionary	Equity	0.60%
Avenue Supermarts Ltd	Consumer Staples	Equity	0.57%
Gujarat Pipavav Port Ltd	Industrials	Equity	0.55%
Oberoi Realty Ltd	Real Estate	Equity	0.54%
PI Industries Ltd	Materials	Equity	0.54%
NHPC Ltd	Energy & Utilities	Equity	0.52%
Supreme Industries Ltd	Materials	Equity	0.51%
Aarti Industries Ltd	Materials	Equity	0.49%
Hindustan Unilever Ltd Futures	Consumer Staples	Futures	0.47%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd	Materials	Equity	0.43%
Swiggy Ltd.	Technology	Equity	0.38%
SKF India Ltd	Industrials	Equity	0.38%
Cash Margin	Unspecified	Cash Margin	0.37%
Indian Oil Corporation Ltd	Energy & Utilities	Equity	0.37%
Ambuja Cements Ltd	Materials	Equity	0.35%
GOVERNMENT OF INDIA 37371 182 DAYS TBILL 15OT26 FV RS 100	Financial	Treasury Bills	0.34%
Godrej Consumer Products Ltd Futures	Consumer Staples	Futures	0.31%
Power Grid Corporation of India Ltd	Energy & Utilities	Equity	0.31%
Affle (India) Ltd	Industrials	Equity	0.31%
Go Digit General Insurance Ltd.	Financial	Equity	0.30%
Arvind Fashions Ltd	Consumer Discretionary	Equity	0.30%
Hindustan Petroleum Corporation Ltd	Energy & Utilities	Equity	0.28%
Indian Energy Exchange Ltd	Financial	Equity	0.27%
Britannia Industries Ltd Futures	Consumer Staples	Futures	0.27%
CARE Ratings Ltd	Industrials	Equity	0.26%
Sundaram-Clayton Ltd	Consumer Discretionary	Equity	0.25%
Indiamart Intermesh Ltd	Industrials	Equity	0.25%
HDFC Life Insurance Co Ltd Futures	Financial	Futures	0.23%
Godrej Consumer Products Ltd	Consumer Staples	Equity	0.22%
GOVERNMENT OF INDIA 36582 364 DAYS TBILL 08OT26 FV RS 100	Financial	Treasury Bills	0.21%
GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100	Financial	Treasury Bills	0.21%
UTI Asset Management Company Ltd	Financial	Equity	0.20%
Life Insurance Corporation of India	Financial	Equity	0.17%
Tata Chemicals Ltd	Materials	Equity	0.16%
Sundaram Finance Ltd	Financial	Equity	0.14%
Bharat Petroleum Corporation Ltd	Energy & Utilities	Equity	0.14%
L I C Housing Finance Ltd Futures	Financial	Futures	0.14%
Automotive Axles Ltd	Consumer Discretionary	Equity	0.13%
GOVERNMENT OF INDIA 37392 182 DAYS TBILL 22OT26 FV RS 100	Financial	Treasury Bills	0.13%
Can Fin Homes Ltd	Financial	Equity	0.12%
SKF India (Industrial) Ltd	Industrials	Equity	0.11%
Bank Of Baroda	Financial	Equity	0.10%
Reserve Bank of India 91-D	Financial	Treasury Bills	0.10%
Trent Ltd.	Consumer Discretionary	Futures	0.10%
PNB Housing Finance Ltd	Financial	Equity	0.10%
Birla Corporation Ltd	Materials	Equity	0.10%
Carborundum Universal Ltd	Materials	Equity	0.10%
LIC Housing Finance Ltd	Financial	Equity	0.09%
Tata Motors Ltd	Consumer Discretionary	Equity	0.09%
ZF Commercial Vehicle Control Systems India Ltd	Consumer Discretionary	Equity	0.06%
GOVERNMENT OF INDIA 36628 364 DAYS TBILL 15OT26 FV RS 100	Financial	Treasury Bills	0.06%
Canara HSBC Life Insurance Company Ltd.	Financial	Equity	0.05%
Brigade Enterprises Ltd	Real Estate	Equity	0.04%
GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100	Financial	Treasury Bills	0.03%
GSPL Transmission Ltd	Energy & Utilities	Equity	0.02%
TVS Holdings Ltd. (Non-convertible Preference Share) A**	Consumer Discretionary	Non Convertible Debenture	0.01%
Sobha Ltd	Real Estate	Equity	0.01%
State Bank of India	Financial	Equity	0.00%
Britannia Industries Ltd	Consumer Staples	Equity	0.00%
Net Payables	Unspecified	Net Payables	-8.01%

See All

Minimum investments

Min. for 1st investment

₹500

Min. for 2nd investment

₹500

Min. for SIP

₹100

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	-6.4%	+13.3%	+13.6%	+17.0%
Category average (Equity Thematic)	-0.6%	+12.9%	+12.8%	+12.8%
Rank (Equity Thematic)	17	4	2	--

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

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.

Also manages these schemes

ICICI Prudential Life Cycle Fund 2041 Direct Growth

iSIF Equity Ex Top 100 Long Short Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential India Opportunities Fund Direct Growth

MT
Manan Tijoriwala
Aug 2025 - Present
View details

Education

Chartered Accountant, Chartered Financial Analyst (CFA - all three levels) and Postgraduate Programme in Management (PGP) from the Indian School of Business.

Experience

Prior to joining the ICICI Pru AMC, he was associated with Proud Securities and Credits Private Ltd, ICICI Bank Ltd.

Also manages these schemes

ICICI Prudential Dynamic Asset Allocation Passive FoF Direct Growth

iSIF Equity Ex Top 100 Long Short Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

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

ICICI Prudential Banking and PSU Debt Fund Direct Growth

ICICI Prudential Balanced Advantage Direct Growth

ICICI Prudential Short Term Fund Direct Plan Growth

ICICI Prudential Medium Term Fund Direct Growth

ICICI Prudential Multi Asset Allocation Fund Direct Growth

ICICI Prudential Corporate Bond Fund Direct Plan Growth

ICICI Prudential Dynamic Term Fund Direct Growth

ICICI Prudential Long Term Fund Direct Growth

ICICI Prudential Gilt Fund Direct Plan Growth

ICICI Prudential Money Market Direct Growth

ICICI Prudential Conservative Hybrid Fund Direct Growth

ICICI Prudential Ultra Short Term Fund Direct Growth

ICICI Prudential Gold ETF FoF Direct Growth

ICICI Prudential Credit Risk Fund Direct Plan Growth

ICICI Prudential Medium to Long Term Fund Direct Growth

ICICI Prudential Income Plus Arbitrage Omni FoF Direct Growth

ICICI Prudential Dynamic Asset Allocation Active FoF Direct Growth

ICICI Prudential Aggressive Hybrid Active FoF Direct Growth

ICICI Prudential Diversified Debt Strategy Active FoF Direct Growth

ICICI Prudential Aggressive Hybrid Fund Direct Growth

ICICI Prudential Balanced Hybrid Fund Direct Growth

ICICI Prudential Multi Asset Active FoF Direct Growth

ICICI Prudential Life Cycle Fund 2036 Direct Growth

ICICI Prudential Life Cycle Fund 2031 Direct Growth

ICICI Prudential Life Cycle Fund 2041 Direct Growth

ICICI Prudential Dynamic Asset Allocation Passive FoF Direct Growth

iSIF Hybrid Long Short Fund Direct Growth

iSIF Active Asset Allocator Long Short Fund Direct Growth

ICICI Prudential Equity Savings Fund Direct Growth

ICICI Prudential 10 year Constant Maturity Gilt Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Passive Multi Asset FoF Direct Growth

ICICI Prudential Silver ETF FoF Direct Growth

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. Divya Jain is the Current Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,69,999 Cr and the Latest NAV as of 09 Oct 2026 is ₹24.84. The ICICI Prudential Business Cycle Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. 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

Scheme Information Document(SID)