ICICI Prudential Business Cycle Fund Direct Growth
About the Fund
ICICI Prudential Business Cycle Fund Direct Growth is an equity fund. This fund was started on 18 January, 2021. The fund is managed by Lalit Kumar, Anish Tawakley, Manish Banthia. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Business Cycle Fund Direct Growth has ₹10907 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 27.74% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 43.91% and 26.37% respectively.
Holdings
ICICI Prudential Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Energy, Health, Utilities, Communication, Real Estate, Government, Consumer Defensive, Tech. Its top holdings are ICICI Bank Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, UltraTech Cement Ltd, HDFC Bank Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ICICI Prudential Business Cycle Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Business Cycle Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.73% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹10907 Cr |
| Inception Date | 18 January, 2021 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 56.53% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 UltraTech Cement Ltd | 7% |
ICICI Prudential Business Cycle Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹10907 Cr
Expense Ratio 0.73%
Frequently Asked Questions
ICICI Prudential Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.16% | 2.16% |
6 Month Returns | 19.65% | 19.65% |
1 Year Returns | 43.91% | 43.91% |
3 Years Returns | 101.79% | 26.37% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Business Cycle Fund Direct Growth | 11.12 | 7.96 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Business Cycle Fund Direct Growth | 0.85 | 0.81 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential Business Cycle Fund Direct Growth | 3.04 | 1.6 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential Business Cycle Fund Direct Growth | 11.15 | 11.99 | - |