ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

+14.07%
3Y annualised
+0.43% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 Sep '26
₹25.57
Min. for SIP
₹100
Fund size (AUM)
₹15,873.28 Cr
Expense ratio
1.01%
Rating
--

Return calculator

Monthly investment
₹5,000
Over the pastTotal investmentWould've becomeHistoric returnsReturns
6 months₹30,000₹29,592
-1.36%
1 year₹60,000₹58,139
-3.10%
3 years₹1,80,000₹1,94,620
+8.12%
5 years₹3,00,000₹4,13,292
+37.76%

Holdings (95)

NameSectorInstrumentsAssets
HDFC Bank LtdFinancialEquity8.98%
ICICI Bank LtdFinancialEquity7.67%
RepoUnspecifiedRepo7.07%
Reliance Industries LtdEnergy & UtilitiesEquity5.36%
Larsen & Toubro LtdIndustrialsEquity4.92%
Maruti Suzuki India LtdConsumer DiscretionaryEquity4.20%
Kotak Mahindra Bank LtdFinancialEquity3.86%
DLF LtdReal EstateEquity3.12%
Xtrackers Harvest CSI 300 China A-Shares ETFUnspecifiedForeign Mutual Funds2.90%
HDFC Life Insurance Co LtdFinancialEquity2.88%
Bharti Airtel LtdTechnologyEquity2.88%
Mahindra & Mahindra LtdConsumer DiscretionaryEquity2.76%
Ultratech Cement LtdMaterialsEquity2.71%
Hero Motocorp LtdConsumer DiscretionaryEquity2.38%
NTPC LtdEnergy & UtilitiesEquity2.17%
Hyundai Motor India Ltd.Consumer DiscretionaryEquity2.10%
Axis Bank Ltd FuturesFinancialFutures2.09%
State Bank of India FuturesFinancialFutures2.04%
Prestige Estates Projects LtdReal EstateEquity2.01%
Asian Paints LtdMaterialsEquity1.87%
Interglobe Aviation LtdIndustrialsEquity1.87%
SBI Life Insurance Company LtdFinancialEquity1.62%
Axis Bank LtdFinancialEquity1.43%
Trent LtdConsumer DiscretionaryEquity1.37%
Info Edge (India) LtdTechnologyEquity1.36%
Hindustan Aeronautics LtdIndustrialsEquity1.35%
ICICI Prudential Life Insurance Company LtdFinancialEquity1.15%
ICICI Lombard General Insurance Company LtdFinancialEquity1.12%
Shree Cement LtdMaterialsEquity1.00%
Ashok Leyland LtdIndustrialsEquity1.00%
Cummins India LtdIndustrialsEquity0.96%
Siemens LtdDiversifiedEquity0.83%
Triveni Turbine LtdIndustrialsEquity0.75%
Tata Motors LtdIndustrialsEquity0.74%
HDFC Asset Management Company LtdFinancialEquity0.73%
ABB India LtdIndustrialsEquity0.72%
Atul LtdMaterialsEquity0.65%
Page Industries LtdConsumer DiscretionaryEquity0.55%
Avenue Supermarts LtdConsumer StaplesEquity0.55%
Oberoi Realty LtdReal EstateEquity0.54%
PI Industries LtdMaterialsEquity0.52%
Gujarat Pipavav Port LtdIndustrialsEquity0.52%
Aarti Industries LtdMaterialsEquity0.50%
Supreme Industries LtdMaterialsEquity0.50%
NHPC LtdEnergy & UtilitiesEquity0.48%
Hindustan Unilever Ltd FuturesConsumer StaplesFutures0.48%
SKF India (Industrial) LtdIndustrialsEquity0.42%
Gujarat Narmada Valley Fertilizers & Chemicals LtdMaterialsEquity0.38%
Swiggy Ltd.TechnologyEquity0.38%
SKF India LtdIndustrialsEquity0.37%
Ambuja Cements LtdMaterialsEquity0.36%
Arvind Fashions LtdConsumer DiscretionaryEquity0.33%
Godrej Consumer Products Ltd FuturesConsumer StaplesFutures0.31%
Affle (India) LtdIndustrialsEquity0.30%
Indian Energy Exchange LtdFinancialEquity0.29%
Go Digit General Insurance Ltd.FinancialEquity0.28%
Britannia Industries Ltd FuturesConsumer StaplesFutures0.28%
Sundaram-Clayton LtdConsumer DiscretionaryEquity0.26%
CARE Ratings LtdIndustrialsEquity0.25%
Indiamart Intermesh LtdIndustrialsEquity0.25%
Ingersoll Rand India LtdIndustrialsEquity0.25%
Siemens Energy India LtdEnergy & UtilitiesEquity0.25%
Godrej Consumer Products LtdConsumer StaplesEquity0.21%
GOVERNMENT OF INDIA 36582 364 DAYS TBILL 08OT26 FV RS 100FinancialTreasury Bills0.20%
GOVERNMENT OF INDIA 37629 091 DAYS TBILL 01OT26 FV RS 100FinancialTreasury Bills0.19%
UTI Asset Management Company LtdFinancialEquity0.18%
Life Insurance Corporation of IndiaFinancialEquity0.17%
Cash MarginUnspecifiedCash Margin0.16%
Tata Chemicals LtdMaterialsEquity0.16%
91 Days Tbill (MD 17/09/2026)FinancialTreasury Bills0.14%
Sundaram Finance LtdFinancialEquity0.14%
L I C Housing Finance Ltd FuturesFinancialFutures0.13%
Can Fin Homes LtdFinancialEquity0.13%
Automotive Axles LtdConsumer DiscretionaryEquity0.12%
GOVERNMENT OF INDIA 37392 182 DAYS TBILL 22OT26 FV RS 100FinancialTreasury Bills0.12%
Trent Ltd.Consumer DiscretionaryFutures0.10%
Bank Of BarodaFinancialEquity0.10%
Birla Corporation LtdMaterialsEquity0.10%
PNB Housing Finance LtdFinancialEquity0.09%
Reserve Bank of India 91-DFinancialTreasury Bills0.09%
Tata Motors LtdConsumer DiscretionaryEquity0.09%
LIC Housing Finance LtdFinancialEquity0.09%
Carborundum Universal LtdMaterialsEquity0.08%
91 DAYS T-BILL - 24SEP2026FinancialTreasury Bills0.07%
ZF Commercial Vehicle Control Systems India LtdConsumer DiscretionaryEquity0.06%
GOVERNMENT OF INDIA 36516 364 DAYS TBILL 17SP26 FV RS 100FinancialTreasury Bills0.06%
GOVERNMENT OF INDIA 36628 364 DAYS TBILL 15OT26 FV RS 100FinancialTreasury Bills0.06%
Brigade Enterprises LtdReal EstateEquity0.05%
GOVERNMENT OF INDIA 36573 364 DAYS TBILL 02OT26 FV RS 100FinancialTreasury Bills0.03%
GSPL Transmission Ltd.Energy & UtilitiesEquity0.02%
GOVERNMENT OF INDIA 37176 182 DAYS TBILL 03SP26 FV RS 100FinancialTreasury Bills0.02%
Sobha LtdReal EstateEquity0.01%
State Bank of IndiaFinancialEquity0.00%
Britannia Industries LtdConsumer StaplesEquity0.00%
Net PayablesUnspecifiedNet Payables-5.38%
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
Name1Y3Y5YAll
Fund returns-3.9%+14.1%+15.4%+18.0%
Category average (Equity Thematic)-0.6%+16.8%+19.9%--
Rank (Equity Thematic)1832--

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 ₹11,69,999 Cr and the Latest NAV as of 18 Sep 2026 is ₹25.57. 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

Fund house

Rank (total assets)#3 in India
Total AUM₹11,69,999.45 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,