ICICI Prudential Business Cycle Fund Regular Growth

ICICI Prudential Business Cycle Fund Regular Growth

Equity

ICICI Mutual Fund

Equity - Other

Get the latest NAV of ICICI Prudential Business Cycle Fund Regular Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹23.15

▲0.1%1D

NAV as on 20 Mar 2026

17.64%/per year

Since Inception

Absolute Gain%

▲▼

ICICI Prudential Business Cycle Fund Regular Growth Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (20-Mar-26)

The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-9.78%
-9.43%
-7.73%
5.56%
20.17%
16.84%
Nifty 500
-8.57%
-10.38%
-8.51%
0.55%
13.94%
11.63%
Equity - Other Avg
--
--
--
--
--
--
Best in Equity - Other
-1.22%
9.03%
13.72%
25.38%
32.98%
27.46%
Worst in Equity - Other
-11.55%
-19.79%
-23.17%
-13.85%
7.42%
6.39%

ICICI Prudential Business Cycle Fund Regular Growth Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

2
/47
90% Performance
67% Risk Management
63% Cost

Ranked 2 out of 47 mutual funds in the equity - other category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
ICICI Prudential Business Cycle Fund Regular Growth
2/47
16,202Cr
1.67%
5.56%
20.17%
6.05
0.84
1.35
2.62
1.23
Nippon India Quant Fund
3/47
113Cr
0.96%
4.59%
18.85%
3.30
1.02
1.09
1.91
1.20
Aditya Birla Sun Life Special Opportunities Fund Reg
4/47
944Cr
2.33%
9.38%
19.65%
3.45
0.98
1.09
1.88
1.04
Kotak Business Cycle Fund
5/47
3,054Cr
1.93%
4.51%
15.61%
0.89
0.94
0.88
1.33
0.06
See all
Positive: Generated Consistent Returns
Generated Consistent Returns
Positive: Consistently beats benchmark
Consistently beats benchmark
Positive: Lower probablity of downside risk
Lower probablity of downside risk
Negative: No bad points found for this fund.
No bad points found for this fund.

ICICI Prudential Business Cycle Fund Regular Growth Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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ICICI Prudential Business Cycle Fund Regular Growth Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Large cap
73.5%
Mid cap
10.3%
Small cap
7.4%
Small Cap allocation has gone up from 6.8% to 7.4%
Small Cap allocation has gone up from 6.8% to 7.4%
Mid Cap allocation has gone up from 9.6% to 10.3%
Mid Cap allocation has gone up from 9.6% to 10.3%
Large Cap allocation has gone up from 73.5% to 73.5%
Large Cap allocation has gone up from 73.5% to 73.5%
Cash allocation has gone down from 2.1% to 1.5%
Cash allocation has gone down from 2.1% to 1.5%

ICICI Prudential Business Cycle Fund Regular Growth Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
31.8%
Industrial
18.1%
Consumer Cyclical
14.3%
Basic Materials
11.3%
Energy
9.4%
Utilities
4.9%
Communication
4.5%
Real Estate
3.3%
Health
1.3%
Tech
0.8%
Consumer Defensive
0.3%

Top 3 Sectors in February were Financial Services, Industrial & Consumer Cyclical

Feb'26

Financial Services

32%

Industrial

21%

Consumer Cyclical

13%

Jan'26

Financial Services

33%

Industrial

20%

Consumer Cyclical

14%

ICICI Prudential Business Cycle Fund Regular Growth Holdings Details

as on (28-Feb-26)

Holdings
Weight%
1M Change
HDFC Bank Ltd
9.41%
5.6%
ICICI Bank Ltd
7.67%
0%
Larsen & Toubro Ltd
6.92%
-2.6%
Reliance Industries Ltd
5.3%
21.9%
Axis Bank Ltd
4.44%
0%
See all
Top Stocks bought last month
Reliance Industries Ltd's allocation increased from 4.46% to 5.3%
Reliance Industries Ltd's allocation increased from 4.46% to 5.3%
Cummins India Ltd's allocation increased from 2.09% to 2.43%
Cummins India Ltd's allocation increased from 2.09% to 2.43%
Larsen & Toubro Ltd's allocation increased from 6.7% to 6.92%
Larsen & Toubro Ltd's allocation increased from 6.7% to 6.92%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.56 % to 9.41 %
HDFC Bank Ltd's allocation decreased from 9.56 % to 9.41 %
ICICI Bank Ltd's allocation decreased from 7.72 % to 7.67 %
ICICI Bank Ltd's allocation decreased from 7.72 % to 7.67 %
Axis Bank Ltd's allocation decreased from 4.5 % to 4.44 %
Axis Bank Ltd's allocation decreased from 4.5 % to 4.44 %

ICICI Prudential Business Cycle Fund Regular Growth Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.67%
Benchmark
Nifty 500 TR INR
AUM₹16202 Cr
Inception Date18 January, 2021
Min Lumpsum/SIP₹5,000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
24.84%
Risk
Risk meter
pointer
Very High Risk

About ICICI Prudential Business Cycle Fund Regular Growth

ICICI Prudential Business Cycle Fund Regular Growth is an equity fund. This fund was started on 18 January, 2021. The fund is managed by Sharmila D’mello, Manan Tijoriwala, Divya Jain, Manish Banthia. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Business Cycle Fund Regular Growth has ₹16202 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 1.7.

Returns

ICICI Prudential Business Cycle Fund Regular Growth has given a CAGR return of 17.64% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.56%, 20.17% and 16.84% respectively.

Holdings

ICICI Prudential Business Cycle Fund Regular Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Energy, Utilities, Real Estate, Communication, Tech, Consumer Defensive, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Reliance Industries Ltd, Axis 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of ICICI Prudential Business Cycle Fund Regular 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 Regular Growth has no lock in period.

Fund Manager

Sharmila D’mello

Fund Manager of ICICI Prudential Business Cycle Fund Regular Growth, since 31 July 2022

Manan Tijoriwala

Fund Manager of ICICI Prudential Business Cycle Fund Regular Growth, since 29 August 2025

Divya Jain

Fund Manager of ICICI Prudential Business Cycle Fund Regular Growth, since 1 January 2026

Manish Banthia

Fund Manager of ICICI Prudential Business Cycle Fund Regular Growth, since 18 January 2021

Learn more about ICICI Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 16.2K Cr
₹ 15.8K Cr
₹ 16K Cr
  • AUM of the fund stands at 16.2K Cr as of Feb'26
  • AUM increased by 393.4 Cr between Feb'26 and Jan'26

Frequently Asked Questions for ICICI Prudential Business Cycle Fund Regular Growth

How do I invest in ICICI Prudential Business Cycle Fund Regular Growth?

INDmoney makes it simple to invest in the ICICI Prudential Business Cycle Fund Regular Growth. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘ICICI Prudential Business Cycle Fund Regular Growth’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of ICICI Prudential Business Cycle Fund Regular Growth?

The NAV of the fund today is ₹23.15. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

ICICI Prudential Business Cycle Fund Regular Growth fund has generated a return of 5.56% in 1 year, 20.17% in 3 years, 16.84% in 5 years.

Who is the fund manager of ICICI Prudential Business Cycle Fund Regular Growth?

The fund managers are Sharmila D’mello, Manan Tijoriwala, Divya Jain, Manish Banthia.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.67%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹16202 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of ICICI Prudential Business Cycle Fund Regular Growth?

The top 3 holdings of the fund are HDFC Bank Ltd(9.41%), ICICI Bank Ltd(7.67%), Larsen & Toubro Ltd(6.92%)