ICICI Prudential Business Cycle Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 23-12-2024
₹ 23.53
▲0.3%
1D
Inception Returns
24.3%
/yr
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 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 ₹11880 Cr worth of assets under management (AUM) as on Nov 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 24.33% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 24.43% and 22.85% respectively.
Holdings
ICICI Prudential Business Cycle Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Health, Energy, Communication, Utilities, Real Estate, Government, Consumer Defensive, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Larsen & Toubro Ltd, Reliance Industries Ltd, UltraTech Cement 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.
Historical NAV & Returns
Annualised
▲
▼
2471 people have invested ₹ 4.7Cr in ICICI Prudential Business Cycle Fund Direct Growth in the last three months
INDmoney Rank for ICICI Prudential Business Cycle Fund Direct Growth
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IND ranking is not available for this fund.
Larger AUM within category
No bad points found for this fund.
ICICI Prudential Business Cycle Fund Direct Growth Overview
| Expense ratio | 0.73% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹11880 Cr |
| Inception Date | 18 January, 2021 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 56.53% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
71.1%
Mid cap
12.2%
Small cap
4.6%
Sector Allocation
Financial Services
33.8%
Industrial
16.1%
Basic Materials
11.5%
Consumer Cyclical
11.4%
Health
8%
Energy
5.7%
Communication
5.7%
Utilities
4.5%
Real Estate
2.3%
Consumer Defensive
0.6%
Tech
0.5%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.06% in Nov'24
- AUM of the fund stands at 11.8K Cr as of Nov'24
- AUM has remained same between Nov'24 and Oct'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 6.64% to 8.48%
HDFC Bank Ltd's allocation increased from 7.63% to 8.66%
Maruti Suzuki India Ltd's allocation increased from 3.78% to 4.39%
Top Stocks sold last month
Sun Pharmaceuticals Industries Ltd's allocation decreased from 3.25 % to 3.1 %
NTPC Ltd's allocation decreased from 3.06 % to 2.7 %
Lupin Ltd's allocation decreased from 1.99 % to 1.64 %
Mid Cap allocation has gone down from 13.4% to 12.2%
Large Cap allocation has gone up from 68.5% to 71.1%
Small Cap allocation has gone down from 4.8% to 4.6%
Cash allocation has gone down from 21.2% to 18.7%
Top 3 Sectors in November were Financial Services, Industrial & Basic Materials
Nov'24
Financial Services
34%
Industrial
16%
Basic Materials
11%
Oct'24
Financial Services
32%
Industrial
16%
Basic Materials
11%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Interglobe Aviation Ltd | 3.6% |
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Lalit Kumar
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Top funds managed
Anish Tawakley
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Top funds managed
Manish Banthia
Fund Manager of ICICI Prudential Business Cycle Fund Direct Growth, since 18 January 2021
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.23L Cr
as on 29-Nov-2024
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
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 24.33% since inception which is more than its category average return of 16.25%
Fund Allocations
This fund has an allocation of 81.28% in Equity, 0% in Debt and 18.72% in Cash related instruments
AUM size ₹11880 Cr
This fund has AUM of ₹11880 Cr which is more than its category average of ₹ 2196 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.18%
Frequently Asked Questions for ICICI Prudential Business Cycle Fund Direct Growth
The current NAV of ICICI Prudential Business Cycle Fund Direct Growth is ₹23.53 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
ICICI Prudential Business Cycle Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.25% | -0.25% |
6 Month Returns | 2.04% | 2.04% |
1 Year Returns | 24.43% | 24.43% |
3 Years Returns | 85.42% | 22.85% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- 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.
0.73% as on November 2024
₹11880 Cr as on November 2024
HDFC Bank Ltd(8.66%), ICICI Bank Ltd(8.48%), Larsen & Toubro Ltd(6.28%), Reliance Industries Ltd(5.12%), UltraTech Cement Ltd(5.06%) as on November 2024
Financial Services(27.48%), Industrial(13.05%), Basic Materials(9.32%) as on November 2024
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 | 9 | 7.42 | - |
As on November 2024
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 | 0.74 | 0.82 | - |
As on November 2024
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 | 2.14 | 1.33 | - |
As on November 2024
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 | 10.56 | 12.2 | - |
As on November 2024
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 2.62 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.21 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Lalit Kumar, Anish Tawakley, Manish Banthia 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%