ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

+18.35%
3Y annualised
+0.80% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 09 Jun '26
₹25.31
Min. for SIP
₹100
Fund size (AUM)
₹15,797.97 Cr
Expense ratio
0.97%
Rating
--

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
6 months₹30,000₹29,423
-1.92%
1 year₹60,000₹59,132
-1.45%
3 years₹1,80,000₹2,08,847
+16.03%
5 years₹3,00,000₹4,41,575
+47.19%

Holdings (84)

NameSectorInstrumentsAssets
HDFC Bank LtdFinancialEquity9.35%
ICICI Bank LtdFinancialEquity7.20%
Larsen & Toubro LtdIndustrialsEquity7.05%
Reliance Industries LtdEnergy & UtilitiesEquity5.77%
Maruti Suzuki India LtdConsumer DiscretionaryEquity4.05%
Axis Bank LtdFinancialEquity3.35%
Ultratech Cement LtdMaterialsEquity3.20%
Bharti Airtel LtdTechnologyEquity3.15%
NTPC LtdEnergy & UtilitiesEquity3.14%
Kotak Mahindra Bank LtdFinancialEquity3.10%
Xtrackers Harvest CSI 300 China A-Shares ETFUnspecifiedForeign Mutual Funds2.98%
HDFC Life Insurance Co LtdFinancialEquity2.84%
RepoUnspecifiedRepo2.76%
DLF LtdReal EstateEquity2.66%
Hero Motocorp LtdConsumer DiscretionaryEquity2.08%
Asian Paints LtdMaterialsEquity2.05%
Mahindra & Mahindra LtdConsumer DiscretionaryEquity1.86%
Cummins India LtdIndustrialsEquity1.86%
SBI Life Insurance Company LtdFinancialEquity1.69%
Interglobe Aviation LtdIndustrialsEquity1.69%
Prestige Estates Projects LtdReal EstateEquity1.66%
Hyundai Motor India Ltd.Consumer DiscretionaryEquity1.39%
Hindustan Aeronautics LtdIndustrialsEquity1.31%
Page Industries LtdConsumer DiscretionaryEquity1.12%
Bajaj Auto LtdConsumer DiscretionaryEquity1.11%
Triveni Turbine LtdIndustrialsEquity1.09%
National Stock Exchange Of India Ltd Index IDFinancialIndex Derivatives1.06%
Shree Cement LtdMaterialsEquity1.06%
Oil & Natural Gas Corporation LtdEnergy & UtilitiesEquity1.00%
Info Edge (India) LtdTechnologyEquity0.94%
ICICI Prudential Life Insurance Company LtdFinancialEquity0.90%
Siemens LtdDiversifiedEquity0.88%
ABB India LtdIndustrialsEquity0.85%
HDFC Asset Management Company LtdFinancialEquity0.75%
ICICI Lombard General Insurance Company LtdFinancialEquity0.70%
Ashok Leyland LtdIndustrialsEquity0.70%
NHPC LtdEnergy & UtilitiesEquity0.66%
Atul LtdMaterialsEquity0.61%
Oil India LtdEnergy & UtilitiesEquity0.61%
Timken India LtdIndustrialsEquity0.60%
Ingersoll Rand India LtdIndustrialsEquity0.58%
Gujarat Pipavav Port LtdIndustrialsEquity0.57%
GOVERNMENT OF INDIA 36680 182 DAYS TBILL 08MY26 FV RS 100FinancialTreasury Bills0.53%
Trent LtdConsumer DiscretionaryEquity0.52%
PI Industries LtdMaterialsEquity0.52%
Oberoi Realty LtdReal EstateEquity0.51%
Aarti Industries LtdMaterialsEquity0.49%
Tata Power Company LtdEnergy & UtilitiesEquity0.37%
Power Grid Corporation of India LtdEnergy & UtilitiesEquity0.34%
SKF India LtdIndustrialsEquity0.32%
Gujarat Narmada Valley Fertilizers & Chemicals LtdMaterialsEquity0.31%
Swiggy Ltd.TechnologyEquity0.31%
SKF India (Industrial) LtdIndustrialsEquity0.31%
Tata Chemicals LtdMaterialsEquity0.31%
Indiamart Intermesh LtdIndustrialsEquity0.30%
Indian Energy Exchange LtdFinancialEquity0.30%
Supreme Industries LtdMaterialsEquity0.29%
Sundaram-Clayton LtdConsumer DiscretionaryEquity0.28%
Affle (India) LtdIndustrialsEquity0.27%
Honeywell Automation India LtdTechnologyEquity0.26%
CARE Ratings LtdIndustrialsEquity0.25%
Hindustan Petroleum Corporation LtdEnergy & UtilitiesEquity0.25%
182 DAYS TREASURY BILL MD 23/07/2026FinancialTreasury Bills0.23%
LIC Housing Finance LtdFinancialEquity0.22%
Cash MarginUnspecifiedCash Margin0.22%
UTI Asset Management Company LtdFinancialEquity0.20%
Sobha LtdReal EstateEquity0.19%
GOVERNMENT OF INDIA 35967 364 DAYS TBILL 07MY26 FV RS 100FinancialTreasury Bills0.16%
Gujarat State Petronet LtdEnergy & UtilitiesEquity0.15%
Automotive Axles LtdConsumer DiscretionaryEquity0.13%
Can Fin Homes LtdFinancialEquity0.12%
Tata Motors LtdIndustrialsEquity0.12%
Bank Of BarodaFinancialEquity0.11%
Siemens Energy India LtdEnergy & UtilitiesEquity0.11%
Birla Corporation LtdMaterialsEquity0.10%
Tata Motors LtdConsumer DiscretionaryEquity0.10%
GOVERNMENT OF INDIA 36813 182 DAYS TBILL 11JU26 FV RS 100FinancialTreasury Bills0.09%
PNB Housing Finance LtdFinancialEquity0.09%
Grindwell Norton LtdMaterialsEquity0.09%
GAIL (India) LtdEnergy & UtilitiesEquity0.06%
GOVERNMENT OF INDIA 37341 091 DAYS TBILL 09JL26 FV RS 100FinancialTreasury Bills0.02%
Sundaram Finance LtdFinancialEquity0.01%
Camlin Fine Sciences LtdMaterialsEquity0.00%
Net PayablesUnspecifiedNet Payables-1.56%
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-1.2%+18.4%+16.9%+18.8%
Category average (Equity Thematic)-0.6%+16.8%+19.9%--
Rank (Equity Thematic)821--

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.

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.

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

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 ₹11,12,891 Cr and the Latest NAV as of 09 Jun 2026 is ₹25.31. 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₹11,12,891.15 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,