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ICICI Prudential Business Cycle Fund
Direct Plan · IDCW · ICICI Prudential Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.98% | +3.52% | 123 of 255 |
| 1M | +2.88% | +1.97% | 85 of 255 |
| 3M | -5.40% | -3.45% | 191 of 252 |
| 6M | -1.64% | +2.92% | 193 of 251 |
| YTD | -13.83% | +1.21% | 217 of 255 |
| 1Y | -12.67% | +1.11% | 184 of 232 |
| 2Y | -4.88% | +2.39% | 82 of 187 |
| 3Y | +3.31% | +12.36% | 49 of 142 |
| 5Y | +6.94% | +9.81% | 24 of 102 |
| INCEPTION | +11.26% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +2.95% | +18.83% | -19.30% | 67% | 27% |
| 6M | +5.86% | +29.39% | -18.06% | 71% | 29% |
| 1Y | +11.65% | +41.51% | -16.35% | 79% | 33% |
| 2Y | +12.59% | +28.19% | -8.66% | 84% | 37% |
| 3Y | +13.78% | +25.63% | +1.88% | 100% | 44% |
| 5Y | +10.55% | +14.51% | +5.97% | 100% | 44% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity89.14%
- Debt1.09%
- Cash9.76%
- Other0.01%
Market Cap Split
- Large Cap66.00%
- Mid Cap13.72%
- Small Cap6.47%
- Others13.81%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 22.59 | 28.09 |
| P/B | 2.79 | 4.63 |
| Price / Sales | 2.35 | 3.31 |
| Price / Cash Flow | 14.30 | 21.08 |
| Dividend Yield (%) | 1.51 | 1.16 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank | Banks | 9.57% | +0.59% |
| TREPS | Reverse Repo / TREPS | 9.56% | — |
| ICICI Bank | Banks | 6.70% | -0.97% |
| Reliance Industries | Petroleum Products | 5.31% | -0.05% |
| Larsen & Toubro | Construction | 4.50% | -0.42% |
| Axis Bank Ltd. $$ | Banks | 4.32% | — |
| Maruti Suzuki | Automobiles | 3.95% | -0.25% |
| Kotak Bank | Banks | 3.44% | -0.42% |
| DLF | Realty | 3.25% | +0.13% |
| Bharti Airtel | Telecom - Services | 2.97% | +0.09% |
| HDFC Life Insurance | Insurance | 2.95% | +0.07% |
| Xtrackers Harvest CSI 300 China A-Shares ETF | Financial Services | 2.95% | +0.05% |
| UltraTech Cement | Cement & Cement Products | 2.77% | +0.06% |
| Mahindra & Mahindra | Automobiles | 2.64% | -0.12% |
| Hero Motocorp | Automobiles | 2.44% | +0.06% |
View all 95 holdings
| NTPC | Power | 2.28% | +0.11% |
| Interglobe Aviation | Transport Services | 2.06% | +0.19% |
| State Bank Of India $$ | Banks | 2.00% | — |
| Prestige Estates Projects | Realty | 1.95% | -0.06% |
| Hyundai Motor India | Automobiles | 1.81% | -0.29% |
| Asian Paints | Consumer Durables | 1.81% | -0.06% |
| SBI Life Insurance | Insurance | 1.68% | +0.06% |
| Axis Bank | Banks | 1.44% | +0.01% |
| Info Edge | Retailing | 1.41% | +0.05% |
| Trent | Retailing | 1.33% | -0.04% |
| ICICI Lombard General Insurance | Insurance | 1.32% | +0.20% |
| Shree Cement | Cement & Cement Products | 1.11% | +0.11% |
| ICICI Prudential Life Insurance | Insurance | 1.05% | -0.10% |
| Cummins | Industrial Products | 0.95% | -0.01% |
| Ashok Leyland | Agricultural, Commercial & Construction Vehicles | 0.93% | -0.07% |
| Hindustan Aeronautics | Aerospace & Defense | 0.93% | -0.42% |
| Triveni Turbines | Electrical Equipment | 0.75% | +0.00% |
| HDFC AMC | Capital Markets | 0.67% | -0.06% |
| Tata Motors | Agricultural, Commercial & Construction Vehicles | 0.67% | -0.07% |
| Atul | Chemicals & Petrochemicals | 0.64% | -0.01% |
| Page Industries | Textiles & Apparels | 0.60% | +0.05% |
| Avenue Supermarts DMart | Retailing | 0.57% | +0.02% |
| Gujarat Pipavav Port | Transport Infrastructure | 0.55% | +0.03% |
| Oberoi Realty | Realty | 0.54% | +0.00% |
| PI Industries | Fertilizers & Agrochemicals | 0.54% | +0.02% |
| NHPC | Power | 0.52% | +0.04% |
| Supreme Industries | Industrial Products | 0.51% | +0.01% |
| Aarti Industries | Chemicals & Petrochemicals | 0.49% | -0.01% |
| Hindustan Unilever Ltd. $$ | Diversified Fmcg | 0.47% | — |
| Gujarat Narmada Valley Fert & Chem | Chemicals & Petrochemicals | 0.43% | +0.05% |
| Swiggy | Retailing | 0.38% | +0.00% |
| SKF India | Auto Components | 0.38% | +0.01% |
| Indian Oil Corporation | Petroleum Products | 0.37% | — |
| Cash Margin - Derivatives | Net Current Assets | 0.37% | — |
| Ambuja Cements | Cement & Cement Products | 0.35% | -0.01% |
| 182T151026 | SOV | 0.34% | — |
| Power Grid Corporation of India | Power | 0.31% | — |
| Affle 3i | It - Services | 0.31% | +0.01% |
| Godrej Consumer Products Ltd. $$ | Personal Products | 0.31% | — |
| Go Digit General Insurance | Insurance | 0.30% | +0.02% |
| Arvind Fashions | Retailing | 0.30% | -0.03% |
| Hindustan Petroleum | Petroleum Products | 0.28% | — |
| Indian Energy Exchange | Capital Markets | 0.27% | -0.02% |
| Britannia Industries Ltd. $$ | Food Products | 0.27% | — |
| CARE Ratings | Capital Markets | 0.26% | +0.01% |
| TVS Holdings | Finance | 0.25% | -0.01% |
| IndiaMART InterMesh | Retailing | 0.25% | +0.00% |
| HDFC Life Insurance Company Ltd $$ | Insurance | 0.23% | — |
| Godrej Consumer Products | Personal Products | 0.22% | +0.01% |
| 364 Days Treasury Bills | SOV | 0.21% | +0.01% |
| 91 Days Treasury Bills | SOV | 0.21% | +0.02% |
| UTI AMC | Capital Markets | 0.20% | +0.02% |
| LIC of India | Insurance | 0.17% | +0.00% |
| Tata Chemicals | Chemicals & Petrochemicals | 0.16% | +0.00% |
| Sundaram Finance | Finance | 0.14% | +0.00% |
| Bharat Petroleum | Petroleum Products | 0.14% | — |
| LIC Housing Finance Ltd. $$ | Finance | 0.14% | — |
| Automotive Axles | Auto Components | 0.13% | +0.01% |
| 182T221026 | SOV | 0.13% | +0.01% |
| Can Fin Homes | Finance | 0.12% | -0.01% |
| SKF India Industrial | Industrial Products | 0.11% | -0.31% |
| Bank of Baroda | Banks | 0.10% | +0.00% |
| PNB Housing Finance | Finance | 0.10% | +0.01% |
| Birla Corporation | Cement & Cement Products | 0.10% | +0.00% |
| Carborundum Universal | Industrial Products | 0.10% | +0.02% |
| 91TB151026 | SOV | 0.10% | +0.01% |
| Trent Ltd. $$ | Retailing | 0.10% | — |
| LIC Housing Finance | Finance | 0.09% | +0.00% |
| Tata Motors Passenger Vehicles | Automobiles | 0.09% | +0.00% |
| ZF Commercial | Auto Components | 0.06% | +0.00% |
| 364T151026 | SOV | 0.06% | +0.00% |
| Canara HSBC Life Insurance Company | Insurance | 0.05% | — |
| Brigade Enterprises | Realty | 0.04% | -0.01% |
| 364 Days Treasury Bills | SOV | 0.03% | +0.00% |
| GSPL Transmission | Gas | 0.02% | +0.00% |
| Sobha | Realty | 0.01% | +0.00% |
| TVS Holdings Ltd. | Debt | 0.01% | — |
| State Bank of India | Banks | 0.00% | — |
| Britannia Industries | Food Products | 0.00% | — |
| Net Current Assets | Net Current Assets | -0.17% | — |
Sector Allocation · Sep 2026
View all 28 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.39 | 16.32 | High Volatility |
| 3Y | 16.07 | 16.10 | Low Volatility |
| 5Y | 14.62 | 15.67 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -1.09 | -0.32 | Below Average |
| 3Y | -0.09 | -0.45 | Above Average |
| 5Y | 0.13 | 0.29 | Below Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.96 | 0.19 | Below Average |
| 3Y | 0.36 | 1.14 | Below Average |
| 5Y | 0.69 | 0.96 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From ICICI Prudential Asset Management Company Limited
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
ICICI Prudential Strategic Metal and Energy Equity Fund of Fund
Direct Plan · IDCW
|
+54.73% | +34.44% | — | +28.69% |
| ICICI PRUDENTIAL SILVER ETF | +26.35% | +36.57% | — | +24.10% |
|
ICICI Prudential Silver ETF FOF
Direct Plan · IDCW
|
+25.48% | +35.58% | — | +24.36% |
|
ICICI Prudential Nifty Pharma Index Fund
Direct Plan · IDCW
|
+22.53% | +22.50% | — | +21.44% |
|
ICICI Prudential Global Stable Equity Fund (FOF)
Direct Plan · Growth
|
+21.49% | +15.76% | +11.03% | +10.51% |
|
ICICI Prudential US Bluechip Equity Fund
Direct Plan · IDCW
|
+21.29% | +19.31% | +13.10% | +16.61% |
| ICICI Prudential Nifty Metal ETF | +19.46% | — | — | +16.41% |
|
ICICI Prudential Gold ETF FOF
Direct Plan · Growth
|
+17.38% | +30.99% | +23.18% | +10.56% |
| ICICI Prudential Gold ETF | +16.94% | +31.16% | +23.37% | +12.02% |
|
ICICI Prudential NASDAQ 100 Index Fund
Direct Plan · Growth
|
+15.77% | +28.57% | +17.30% | +18.04% |
About This Scheme
Investment Objective
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. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Stated Asset Allocation
• Equity and equity related instruments selected on the basis of business cycle = 80% - 100%• Other equity and equity related instruments = 0% - 20%• Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds = 0% - 20% • Units issued by InVITs = 0% - 10% ^Other liquid instruments shall include cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by SEBI
Exit Load
1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 1 months from allotment. Nil If the amount sought to be redeemed or switched out more than 1 months.
Fund Managers
FM 1 - Manish Banthia, FM 2 - Manan Tijoriwala, FM 3 - Divya Jain
FM 1, 2, 3 - Comanage
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.