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ICICI Prudential Business Cycle Fund - Direct Plan - Growth

NAVs of 8 Nov 2026

ICICI Prudential Mutual Fund · Equity fund · Direct plan · Growth

Sectoral / ThematicDirect · GrowthRisk: Very high
NAV · 5 Nov 2026
₹26.3200 ▲ 2.33%
ICICI Prudential Mutual Fund
Fund size₹15,842 crJuly - September 2026
1-month range₹24.38 – 26.32
1 year-1.94%rank 168 of 204
Expense ratio1.21%direct plan, a year
5 years+15.05%a year

What the fund does

To generate long-term capital appreciation by investing in equity and equity related instruments of entities engaged in and/or expected to benefit from the growth in housing theme. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

BenchmarkNifty Housing Index
Launched18 Apr 2022
Fund houseICICI Prudential Mutual Fund
Fund managersSanket Gaidhani

NAV history

242627 2026-08-112026-08-242026-09-042026-09-182026-10-012026-10-152026-10-29

Returns

1 week
+6.65%avg 5.2%
1 month
+4.65%avg 3.0%
3 months
-1.90%avg -1.6%
6 months
-0.64%avg 3.7%
This year
-3.55%avg 4.5%
1 year
-1.94%avg 5.5% · #168/204
3 years (a year)
+16.07%avg 15.3% · #56/127
5 years (a year)
+15.05%avg 13.0% · #31/90

Bars: this plan; the thin mark is the Sectoral / Thematic average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024-1.7
2025-1.9-5.4+7.5+2.3+4.6+3.7-1.7+0.0+1.6+3.6+1.6-0.4
2026-2.3+1.4-12.1+9.0-0.2+2.1+0.7-0.7-5.4-1.1+6.5

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held7496 lines in all
Top 10 stocks45.6%of the fund
Short positions-0.2%sold through derivatives
Net equity96.8%long stocks and derivatives minus shorts

Where the money is

Equity 89.2%Derivatives (long) 7.8%Money market 1.1%Cash & others 12.7%Short -0.2%

Sectors (stocks held)

Banks
21.3%
Automobiles
10.9%
Insurance
7.5%
Petroleum Products
6.1%
Realty
5.8%
Construction
4.5%
Cement & Cement Products
4.3%
Retailing
4.2%

Credit quality (debt and money market)

Sovereign
1.1%
Unrated / other
0.0%
A1
0.0%

Changes since 31 Aug 2026

Share of fund30 Sept 202631 Aug 2026Change
Stocks held89.2%91.7%-2.57
Short positions-0.2%0.0%-0.17
Derivatives (long)7.8%5.4%+2.40
Money market1.1%1.0%+0.09
Cash & others12.7%10.2%+2.52
Top 10 stocks45.6%46.8%-1.17
Number of stocks7473+1
New stocks 5
  • Indian Oil Corporation Ltd.0.37%
  • Power Grid Corporation Of India Ltd.0.31%
  • Hindustan Petroleum Corporation Ltd.0.28%
  • Bharat Petroleum Corporation Ltd.0.14%
  • Canara HSBC Life Insurance Co Ltd0.05%
Stocks sold off 4
  • Siemens Ltd.was 0.83%
  • ABB India Ltd.was 0.72%
  • Ingersoll - Rand (India) Ltdwas 0.25%
  • SIEMENS ENERGY INDIA LTDwas 0.25%
Bought more 1
  • HDFC Bank Ltd.+0.59
Cut back 6
  • ICICI Bank Ltd.-0.97
  • Larsen & Toubro Ltd.-0.42
  • Kotak Mahindra Bank Ltd.-0.42
  • Hindustan Aeronautics Ltd.-0.42
  • SKF INDIA Industrial Ltd.-0.31
  • Hyundai Motor India Ltd.-0.28

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 74

HoldingSector / type% of fund
HDFC Bank Ltd.
INE040A01034		Banks9.57%
ICICI Bank Ltd.
INE090A01021		Banks6.70%
Reliance Industries Ltd.
INE002A01018		Petroleum Products5.31%
Larsen & Toubro Ltd.
INE018A01030		Construction4.50%
Maruti Suzuki India Ltd.
INE585B01010		Automobiles3.95%
Kotak Mahindra Bank Ltd.
INE237A01036		Banks3.44%
DLF Ltd.
INE271C01023		Realty3.25%
Bharti Airtel Ltd.
INE397D01024		Telecom - Services2.97%
Foreign Securities/Overseas ETFs–2.95%
HDFC Life Insurance Company Ltd.
INE795G01014		Insurance2.95%
Ultratech Cement Ltd.
INE481G01011		Cement & Cement Products2.77%
Mahindra & Mahindra Ltd.
INE101A01026		Automobiles2.64%
Hero Motocorp Ltd.
INE158A01026		Automobiles2.44%
NTPC Ltd.
INE733E01010		Power2.28%
Interglobe Aviation Ltd.
INE646L01027		Transport Services2.06%
Prestige Estates Projects Ltd.
INE811K01011		Realty1.95%
Hyundai Motor India Ltd.
INE0V6F01027		Automobiles1.81%
Asian Paints Ltd.
INE021A01026		Consumer Durables1.81%
SBI Life Insurance Company Ltd.
INE123W01016		Insurance1.68%
Axis Bank Ltd.
INE238A01034		Banks1.44%
Info Edge (India) Ltd.
INE663F01032		Retailing1.41%
Trent Ltd.
INE849A01020		Retailing1.33%
ICICI Lombard General Insurance Company Ltd.
INE765G01017		Insurance1.32%
Shree Cements Ltd.
INE070A01015		Cement & Cement Products1.11%
ICICI Prudential Life Insurance Company Ltd.
INE726G01019		Insurance1.05%
Cummins India Ltd.
INE298A01020		Industrial Products0.95%
Ashok Leyland Ltd.
INE208A01029		Agricultural, Commercial & Construction Vehicles0.93%
Hindustan Aeronautics Ltd.
INE066F01020		Aerospace & Defense0.93%
Triveni Turbine Ltd.
INE152M01016		Electrical Equipment0.75%
HDFC Asset Management Company Ltd.
INE127D01025		Capital Markets0.67%
TML Commercial Vehicles Ltd.
INE1TAE01010		Agricultural, Commercial & Construction Vehicles0.67%
Atul Ltd.
INE100A01010		Chemicals & Petrochemicals0.64%
Page Industries Ltd.
INE761H01022		Textiles & Apparels0.60%
Avenue Supermarts Ltd.
INE192R01011		Retailing0.57%
Gujarat Pipavav Port Ltd.
INE517F01014		Transport Infrastructure0.55%
Oberoi Realty Ltd.
INE093I01010		Realty0.54%
PI Industries Ltd.
INE603J01030		Fertilizers & Agrochemicals0.54%
NHPC Ltd.
INE848E01016		Power0.52%
Supreme Industries Ltd.
INE195A01028		Industrial Products0.51%
Aarti Industries Ltd.
INE769A01020		Chemicals & Petrochemicals0.49%
Gujarat Narmada Valley Fertilizers and Chemicals Ltd.
INE113A01013		Chemicals & Petrochemicals0.43%
Swiggy Ltd
INE00H001014		Retailing0.38%
SKF India Ltd.
INE640A01023		Auto Components0.38%
Indian Oil Corporation Ltd.
INE242A01010		Petroleum Products0.37%
Ambuja Cements Ltd.
INE079A01024		Cement & Cement Products0.35%
Power Grid Corporation Of India Ltd.
INE752E01010		Power0.31%
Affle India Ltd.
INE00WC01027		It - Services0.31%
Go Digit General Insurance Ltd
INE03JT01014		Insurance0.30%
Arvind Fashions Ltd.
INE955V01021		Retailing0.30%
Hindustan Petroleum Corporation Ltd.
INE094A01015		Petroleum Products0.28%
Indian Energy Exchange Ltd.
INE022Q01020		Capital Markets0.27%
Credit Analysis And Research Ltd.
INE752H01013		Capital Markets0.26%
TVS Holdings Ltd.
INE105A01035		Finance0.25%
Indiamart Intermesh Ltd.
INE933S01016		Retailing0.25%
Godrej Consumer Products Ltd.
INE102D01028		Personal Products0.22%
UTI Asset Management Co Ltd
INE094J01016		Capital Markets0.20%
Life Insurance Corporation of India
INE0J1Y01017		Insurance0.17%
Tata Chemicals Ltd.
INE092A01019		Chemicals & Petrochemicals0.16%
Sundaram Finance Ltd.
INE660A01013		Finance0.14%
Bharat Petroleum Corporation Ltd.
INE029A01011		Petroleum Products0.14%
Automotive Axles Ltd
INE449A01011		Auto Components0.13%
Can Fin Homes Ltd.
INE477A01020		Finance0.12%
SKF INDIA Industrial Ltd.
INE2J8701016		Industrial Products0.11%
Bank Of Baroda
INE028A01039		Banks0.10%
PNB Housing Finance Ltd.
INE572E01012		Finance0.10%
Birla Corporation Ltd.
INE340A01012		Cement & Cement Products0.10%
Carborundum Universal Ltd.
INE120A01034		Industrial Products0.10%
LIC Housing Finance Ltd.
INE115A01026		Finance0.09%
Tata Motors Passenger Vehicles Ltd.
INE155A01022		Automobiles0.09%
ZF Commercial Vehicle Control Systems India Ltd
INE342J01019		Auto Components0.06%
Canara HSBC Life Insurance Co Ltd
INE01TY01017		Insurance0.05%
Brigade Enterprises Ltd.
INE791I01019		Realty0.04%
GSPL India Transco Ltd
INE1TUG01013		Gas0.02%
Sobha Ltd.
INE671H01015		Realty0.01%

Short positions 1

HoldingSector / type% of fund
Net Current Assets–-0.17%

Derivatives, debt, money market and cash 21

HoldingSector / type% of fund
TREPS–9.56%
Axis Bank Ltd. $$Banks4.32%
Xtrackers Harvest CSI 300 China A-Shares ETF
US2330518794		Financial Services2.95%
State Bank Of India $$Banks2.00%
Hindustan Unilever Ltd. $$Diversified Fmcg0.47%
Cash Margin - Derivatives–0.37%
182 Days Treasury Bills
IN002026Y022		SOV0.34%
Godrej Consumer Products Ltd. $$Personal Products0.31%
Britannia Industries Ltd. $$Food Products0.27%
HDFC Life Insurance Company Ltd $$Insurance0.23%
364 Days Treasury Bills
IN002025Z286		SOV0.21%
91 Days Treasury Bills
IN002026X131		SOV0.21%
LIC Housing Finance Ltd. $$Finance0.14%
182 Days Treasury Bills
IN002026Y030		SOV0.13%
91 Days Treasury Bills
IN002026X156		SOV0.10%
Trent Ltd. $$Retailing0.10%
364 Days Treasury Bills
IN002025Z294		SOV0.06%
364 Days Treasury Bills
IN002025Z278		SOV0.03%
Privately Placed/Unlisted–0.01%
Preference Shares–0.01%
TVS Holdings Ltd.
INE105A04039		CARE A1 +0.01%

From the fund house's monthly portfolio (icicipruamc.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility14.8%yearly, from daily NAVs
Worst fall-14.25%27 Sept 2024 → 28 Feb 2025
RiskometerVery highVery high

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 29 Jan 2021).

Fund details

Fund size (average AUM, July - September 2026)₹15,842 cr across all plans · this plan ₹3,622 cr
Fund houseICICI Prudential Mutual Fund
CategoryEquity · Sectoral / Thematic
PlanDirect
OptionGrowth
Expense ratio (TER)Direct 1.21% · Regular 2.06% (5 Nov 2026)
Exit load1 % 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.
Minimum investment₹5,000 · additional ₹1,000
Scheme code (AMFI)148651
ISININF109KC1P24
NAV date5 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Direct · IDCW₹19.1600-9.19%
Regular · Growth₹24.6300-2.80%
Regular · IDCW₹17.6100-10.47%

Top Sectoral / Thematic funds (direct plans)

Fund1 year3 years (a year)
Nippon India Taiwan Equity Fund+39.55%+42.38%
HDFC Defence Fund+20.78%+35.14%
HDFC Pharma and Healthcare Fund+28.23%+31.72%
SBI HEALTHCARE OPPORTUNITIES FUND+22.32%+25.68%
HDFC Transportation and Logistics Fund+9.94%+25.29%
Mirae Asset Healthcare Fund+24.35%+25.21%
UTI - Healthcare Fund+18.81%+24.71%
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND+11.93%+23.21%
ICICI Prudential Business Cycle Fund-1.94%+16.07%

All Sectoral / Thematic funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

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

₹26.3200 as of 5 Nov 2026, from AMFI's official NAV data.

What are the returns of ICICI Prudential Business Cycle Fund - Direct Plan - Growth?

1 year: -1.94%, 3 years: 16.07% a year, 5 years: 15.05% a year

How does ICICI Prudential Business Cycle Fund rank in its category?

168 of 204 Sectoral / Thematic funds (direct plans, growth option) by 1-year return.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.