ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth

NAV as on 03-04-2025

₹ 23.39

0.1%

1D

Inception Returns

22.4%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
2521 people have invested ₹ 2.3Cr in ICICI Prudential Business Cycle Fund Direct Growth in the last three months

About ICICI Prudential Business Cycle Fund Direct Growth

ICICI Prudential Business Cycle Fund Direct Growth is an equity fund. This fund was started on 18 January, 2021. The fund is managed by Manish Banthia, Lalit Kumar, Anish Tawakley. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Business Cycle Fund Direct Growth has ₹11029 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

ICICI Prudential Business Cycle Fund Direct Growth has given a CAGR return of 22.39% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.15% and 20.92% respectively.

Holdings

ICICI Prudential Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Energy, Communication, Utilities, Health, Real Estate, Tech, Government, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Reliance Industries Ltd, Maruti Suzuki India 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 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.

ICICI Prudential Business Cycle Fund Direct Growth Overview

Expense ratio0.74%
Benchmark
IISL Nifty 500 TR INR
AUM₹11029 Cr
Inception Date18 January, 2021
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
56.53%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

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Trailing Returns

as on (03-Apr-25)

Period
ICICI Prudential Business Cycle Fund Direct Growth
Nifty 500
equity - other
1M
7%
6.8%
-
3M
-0.9%
-6.5%
-
6M
-5.7%
-10.6%
-
1Y
7.1%
3.1%
-
3Y
20.9%
12.1%
-

Fund Distribution

as on (28-Feb-25)

  • Equity 87.6%

  • Debt & Cash 12.4%

Large cap
72.6%

Mid cap
9.2%

Small cap
5.8%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
34.6%
Industrial
17.8%
Basic Materials
12.6%
Consumer Cyclical
11.9%
Energy
6.3%
Communication
5%
Utilities
4.5%
Health
4.1%
Real Estate
2%
Tech
0.7%
Consumer Defensive
0.5%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-2.34%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 11K Cr
₹ 11.7K Cr
₹ 11.7K Cr
  • AUM of the fund stands at 11K Cr as of Feb'25
  • AUM decreased by 708.3 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Larsen & Toubro Ltd's allocation increased from 6.15% to 7.46%
Larsen & Toubro Ltd's allocation increased from 6.15% to 7.46%
HDFC Bank Ltd's allocation increased from 8.65% to 9.61%
HDFC Bank Ltd's allocation increased from 8.65% to 9.61%
Reliance Industries Ltd's allocation increased from 4.88% to 5.64%
Reliance Industries Ltd's allocation increased from 4.88% to 5.64%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 8.46 % to 8.46 %
ICICI Bank Ltd's allocation decreased from 8.46 % to 8.46 %
UltraTech Cement Ltd's allocation decreased from 4.33 % to 4.23 %
UltraTech Cement Ltd's allocation decreased from 4.33 % to 4.23 %
Bharti Airtel Ltd's allocation decreased from 4.63 % to 3.81 %
Bharti Airtel Ltd's allocation decreased from 4.63 % to 3.81 %
Small Cap allocation has gone down from 5.8% to 5.8%
Small Cap allocation has gone down from 5.8% to 5.8%
Mid Cap allocation has gone down from 10.1% to 9.2%
Mid Cap allocation has gone down from 10.1% to 9.2%
Large Cap allocation has gone down from 73% to 72.6%
Large Cap allocation has gone down from 73% to 72.6%
Cash allocation has gone down from 16.7% to 12.4%
Cash allocation has gone down from 16.7% to 12.4%

Top 3 Sectors in February were Financial Services, Industrial & Basic Materials

Feb'25
Financial Services
35%
Industrial
18%
Basic Materials
13%
Jan'25
Financial Services
34%
Industrial
16%
Basic Materials
12%
  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
9.61%
0.6%
ICICI Bank Ltd
ICICI Bank Ltd
8.46%
0%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
7.46%
13.5%
Reliance Industries Ltd
Reliance Industries Ltd
5.64%
1.3%
Maruti Suzuki India Ltd
Maruti Suzuki India Ltd
4.5%
-11.9%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential Business Cycle Fund Direct Growth
ICICI Prudential Business Cycle Fund Direct Growth
7.15%
20.92%
-
22.39%
Franklin India Opportunities Fund - Direct - Growth
Franklin India Opportunities Fund - Direct - Growth
13.51%
27.65%
36.6%
17.84%
SBI PSU Direct Growth
SBI PSU Direct Growth
2.77%
31.81%
33.77%
11.85%
Nippon India Power & Infra Fund - Direct Plan - Growth
Nippon India Power & Infra Fund - Direct Plan - Growth
1.93%
28.68%
39.44%
15.38%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
ICICI Bank Ltd
ICICI Bank Ltd
10.4%
Larsen & Toubro Ltd
Larsen & Toubro Ltd
7%
HDFC Bank Ltd
HDFC Bank Ltd
5.6%
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
88
96
88
Top 5 Company Concentration
35.7%
32.8%
32.8%
Company having highest exposure
HDFC Bank Ltd (9.6%)
HDFC Bank Ltd (8.7%)
HDFC Bank Ltd (8.7%)
No of Sectors
12
12
11
Top 5 Sectors Concentration
83.3%
82%
80.8%
Sector having highest exposure
Financial Services (34.6%)
Financial Services (34.5%)
Financial Services (34%)
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Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Lalit Kumar
Lalit Kumar
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Anish Tawakley
Anish Tawakley
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.37L Cr
as on 28-Feb-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

ICICI Prudential Business Cycle Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 22.39% since inception which is more than its category average return of 8.58%
Fund Allocations

Fund Allocations

This fund has an allocation of 87.62% in Equity, 0% in Debt and 12.38% in Cash related instruments
AUM size ₹11029 Cr

AUM size ₹11029 Cr

This fund has AUM of ₹11029 Cr which is more than its category average of ₹ 2053 Cr
Expense Ratio 0.74%

Expense Ratio 0.74%

This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.31%
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Frequently Asked Questions for ICICI Prudential Business Cycle Fund Direct Growth

The current NAV of ICICI Prudential Business Cycle Fund Direct Growth is ₹23.39 as on 03-Apr-2025.
Existing (Absolute + CAGR) as on 03-Apr-2025.
ICICI Prudential Business Cycle Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.95%
6.95%
6 Month Returns
-5.69%
-5.69%
1 Year Returns
7.15%
7.15%
3 Years Returns
76.8%
20.92%
5 Years Returns
0%
0%
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0.74% as on March 2025
₹11029 Cr as on March 2025
HDFC Bank Ltd(9.61%), ICICI Bank Ltd(8.46%), Larsen & Toubro Ltd(7.46%), Reliance Industries Ltd(5.64%), Maruti Suzuki India Ltd(4.5%) as on March 2025
Financial Services(30.33%), Industrial(15.59%), Basic Materials(11.07%) as on March 2025
The alpha ratio for the ICICI Prudential Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Business Cycle Fund Direct Growth
1.31
7.6
-
As on March 2025
The alpha for ICICI Prudential Business Cycle Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Business Cycle Fund Direct Growth
0.77
0.83
-
As on March 2025
The Beta for ICICI Prudential Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Business Cycle Fund Direct Growth
0.14
1.08
-
As on March 2025
The sharpe ratio for ICICI Prudential Business Cycle Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Business Cycle Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Business Cycle Fund Direct Growth
13.22
13.1
-
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.07 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.53 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Banthia, Lalit Kumar, Anish Tawakley are the fund managers of ICICI Prudential Business Cycle Fund Direct Growth
The Exit load of ICICI Prudential Business Cycle Fund Direct Growth is 1%