| Launch date | 29 Dec 2020 |
| Allotment date | 18 Jan 2021 |
| End date | 12 Jan 2021 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.96%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within 1 month
Stamp duty
0.005% (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%.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Divya JainJan 2026 - PresentView details
Manan TijoriwalaAug 2025 - PresentView details
Manish BanthiaDec 2020 - PresentView details
Fund house & investment objective
| Rank (total assets) | #3 in India |
|---|---|
| Total AUM | ₹11,18,141.85Cr |
| Date of Incorporation | 12 Oct 1993 |
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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 ₹11,18,142 Cr and the Latest NAV as of 10 Jun 2026 is ₹25.22. 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 benchmark | NIFTY 500 Total Return Index |
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