What stocks does ICICI Prudential Business Cycle Fund Direct Plan Growth hold?

ICICI Prudential Business Cycle Fund Direct Plan Growth holds a portfolio of Indian equity stocks disclosed monthly by ICICI Prudential Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages ICICI Prudential Business Cycle Fund Direct Plan Growth?

ICICI Prudential Business Cycle Fund Direct Plan Growth is managed by ICICI Prudential Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is ICICI Prudential Business Cycle Fund Direct Plan Growth?

ICICI Prudential Business Cycle Fund Direct Plan Growth is classified as a Equity mutual fund under SEBI's mutual fund categorisation framework.

How often is ICICI Prudential Business Cycle Fund Direct Plan Growth portfolio data updated?

Portfolio holdings for ICICI Prudential Business Cycle Fund Direct Plan Growth are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← ICICI Prudential Mutual Fund

ICICI Prudential Business Cycle Fund Direct Plan Growth

Equity Data as of Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹14,451.73 Cr

Equity only, excl. debt & cash

AAUM

₹15,725.09 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

31.8%

Moderate

Top 10 Weight

47.3%

Moderate

Changes

2 new · 4 exits

Top Sector

Banks

21.8% of portfolio

Launch Date

29 Dec 2020

6 years old

AAUM (Average Assets Under Management) of ₹15,725.09 Cr for Apr-Jun 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month ICICI Prudential Business Cycle Fund Direct Plan Growth made 2 new additions and exited 4 stocks this month. The biggest new buy was GSPL Transmission Limited (Gas) at 0.02% weight. Hindustan Unilever Limited was the biggest exit (Diversified FMCG), which was held at 0.49%. Among existing holdings, Trent Limited saw the biggest increase — now at 1.41% of the portfolio. Axis Bank Limited was trimmed the most, now at 1.33%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 21.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · ICICI Prudential Business Cycle Fund Direct Plan Growth

+2.15%

+1.33%

-2.82%

+1.61%

Latest NAV

₹26.58

24 Aug 2026

52W High

₹27.67

-4% from High

52W Low

₹21.84

+22% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+16.7%

2024

+21.3%

2023

+34.3%

2022

+11.9%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

20.7%

+ve in 100% windows

60.6% / 0.2%

3Y Rolling Avg

23.9% p.a.

+ve in 100% windows

29.4% / 17.1%

5Y Rolling Avg

19.0% p.a.

+ve in 100% windows

21.4% / 17.4%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-14.3%

Rec: Jun 2025 (5 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-11.5%

Rec: Aug 2022 (3 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.87

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.25

Penalises downside volatility only.

Std Deviation (3Y)

12.6%

Lower = more consistent returns.

NAV Chart ₹26.58 24 Aug 2026

Simple Moving Avg: Click to draw · click again to remove

ICICI Prudential Business Cycle Fund Direct Plan Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹26.58

Sector Shift Industry allocation month-over-month

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	23.2%	24.3%	▲ +1.1%
Automobiles	11.1%	10.4%	▼ -0.7%
Construction	7.1%	7.0%	▼ -0.1%
Insurance	6.7%	6.5%	▼ -0.2%
Petroleum Products	5.8%	5.4%	▼ -0.4%
Realty	5.0%	5.2%	▲ +0.2%
Cement & Cement Products	4.4%	4.2%	▼ -0.2%
Power	3.5%	3.2%	▼ -0.3%
Telecom - Services	3.1%	3.1%	● 0.0%
Retailing	2.3%	2.8%	▲ +0.5%

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	24.3%	21.8%	▼ -2.5%
Automobiles	10.4%	11.8%	▲ +1.4%
Insurance	6.5%	6.8%	▲ +0.3%
Realty	5.2%	5.5%	▲ +0.2%
Petroleum Products	5.4%	5.4%	● 0.0%
Construction	7.0%	5.2%	▼ -1.8%
Cement & Cement Products	4.2%	4.4%	▲ +0.2%
Retailing	2.8%	4.0%	▲ +1.2%
Telecom - Services	3.1%	3.4%	▲ +0.3%
Power	3.2%	2.8%	▼ -0.4%

🟢

Biggest New Buy

GSPL Transmission Limited

0.02% weight · Gas

🔴

Biggest Exit

Hindustan Unilever Limited

0.49% was held · Diversified FMCG

↑

Biggest Add

Trent Limited

+0.64% · now 1.41%

↓

Biggest Trim

Axis Bank Limited

-2.16% · now 1.33%

🤝 Other funds also bought this month

GSPL Transmission Limited 53 funds

State Bank of India 26 funds

👋 Other funds also exited

Hindustan Unilever Limited 43 funds

Hindustan Petroleum Corporation Limited 42 funds

Oil India Limited 30 funds

Honeywell Automation India Limited 12 funds

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

🟢 2 New Entries 🔴 4 Exits ↑ 39 Increased ↓ 27 Decreased

#	Stock	Sector	Weight (Jul 2026)
1	GSPL Transmission Limited ₹3.11 Cr	Gas	0.02%
2	State Bank of India ₹5.14 L	Banks	0.00%

#	Stock	Sector	Last Weight (Jun 2026)
1	Hindustan Unilever Limited ₹79.43 Cr	Diversified FMCG	0.49%
2	Oil India Limited ₹31.58 Cr	Oil	0.20%
3	Hindustan Petroleum Corporation Limited ₹16.23 Cr	Petroleum Products	0.10%
4	Honeywell Automation India Limited ₹9.93 Cr	Industrial Manufacturing	0.06%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Trent Limited ₹226.65 Cr	Retailing	0.77%	1.41%	+0.64%
2	Mahindra & Mahindra Limited ₹453.39 Cr	Automobiles	2.19%	2.81%	+0.62%
3	Hero MotoCorp Limited ₹404.61 Cr	Automobiles	2.01%	2.51%	+0.50%
4	Info Edge (India) Limited ₹208.22 Cr	Retailing	0.92%	1.29%	+0.37%
5	Bharti Airtel Limited ₹546.03 Cr	Telecom - Services	3.09%	3.39%	+0.30%
6	Hyundai Motor India Ltd ₹329.02 Cr	Automobiles	1.78%	2.04%	+0.26%
7	Kotak Mahindra Bank Limited ₹570.31 Cr	Banks	3.30%	3.54%	+0.24%
8	ICICI Lombard General Insurance Company Limited ₹142.18 Cr	Insurance	0.68%	0.88%	+0.20%
9	DLF Limited ₹473.04 Cr	Realty	2.76%	2.93%	+0.17%
10	UltraTech Cement Limited ₹447.85 Cr	Cement & Cement Products	2.62%	2.78%	+0.16%
11	Prestige Estates Projects Limited ₹316.04 Cr	Realty	1.80%	1.96%	+0.16%
12	Arvind Fashions Limited ₹33.55 Cr	Retailing	0.05%	0.21%	+0.16%
13	SBI Life Insurance Company Limited ₹277.28 Cr	Insurance	1.61%	1.72%	+0.11%
14	Atul Limited ₹109.00 Cr	Chemicals & Petrochemicals	0.57%	0.68%	+0.11%
15	InterGlobe Aviation Limited ₹318.87 Cr	Transport Services	1.89%	1.98%	+0.09%
16	Hindustan Aeronautics Limited ₹251.10 Cr	Aerospace & Defense	1.47%	1.56%	+0.09%
17	Reliance Industries Limited ₹870.69 Cr	Petroleum Products	5.34%	5.40%	+0.06%
18	ICICI Prudential Life Insurance Company Limited ₹181.59 Cr	Insurance	1.07%	1.13%	+0.06%
19	Swiggy Limited ₹60.30 Cr	Retailing	0.31%	0.37%	+0.06%
20	Ashok Leyland Limited ₹149.59 Cr	Agricultural, Commercial & Construction Vehicles	0.88%	0.93%	+0.05%
21	Supreme Industries Limited ₹76.64 Cr	Industrial Products	0.43%	0.48%	+0.05%
22	Maruti Suzuki India Limited ₹700.09 Cr	Automobiles	4.30%	4.34%	+0.04%
23	Siemens Limited ₹123.60 Cr	Electrical Equipment	0.73%	0.77%	+0.04%
24	PI Industries Limited ₹95.27 Cr	Fertilizers & Agrochemicals	0.55%	0.59%	+0.04%
25	Sundaram Finance Limited ₹23.11 Cr	Finance	0.10%	0.14%	+0.04%
26	Shree Cement Limited ₹179.77 Cr	Cement & Cement Products	1.08%	1.11%	+0.03%
27	Tata Motors Ltd ₹108.84 Cr	Agricultural, Commercial & Construction Vehicles	0.65%	0.68%	+0.03%
28	Aarti Industries Limited ₹74.57 Cr	Chemicals & Petrochemicals	0.43%	0.46%	+0.03%
29	Affle 3i Limited ₹47.82 Cr	IT - Services	0.27%	0.30%	+0.03%
30	ZF Commercial Vehicle Control Systems India Limited ₹9.43 Cr	Auto Components	0.03%	0.06%	+0.03%
31	ABB India Limited ₹116.59 Cr	Electrical Equipment	0.70%	0.72%	+0.02%
32	Oberoi Realty Limited ₹83.53 Cr	Realty	0.50%	0.52%	+0.02%
33	TVS HOLDINGS LIMTED ₹45.33 Cr	Finance	0.26%	0.28%	+0.02%
34	Ambuja Cements Limited ₹61.07 Cr	Cement & Cement Products	0.37%	0.38%	+0.01%
35	Indian Energy Exchange Limited ₹50.49 Cr	Capital Markets	0.30%	0.31%	+0.01%
36	Credit Analysis And Research Ltd. ₹39.77 Cr	Capital Markets	0.24%	0.25%	+0.01%
37	Can Fin Homes Limited ₹20.69 Cr	Finance	0.12%	0.13%	+0.01%
38	Automotive Axles Ltd ₹20.37 Cr	Auto Components	0.12%	0.13%	+0.01%
39	PNB Housing Finance Limited ₹13.78 Cr	Finance	0.08%	0.09%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Axis Bank Limited ₹215.16 Cr	Banks	3.49%	1.33%	-2.16%
2	Larsen & Toubro Limited ₹840.25 Cr	Construction	7.02%	5.21%	-1.81%
3	HDFC Bank Limited ₹1,489.27 Cr	Banks	9.74%	9.24%	-0.50%
4	Britannia Industries Limited ₹1.52 L	Food Products	0.32%	0.00%	-0.32%
5	NTPC Limited ₹365.96 Cr	Power	2.55%	2.27%	-0.28%
6	Godrej Consumer Products Limited ₹40.40 Cr	Personal Products	0.47%	0.25%	-0.22%
7	Page Industries Limited ₹99.01 Cr	Textiles & Apparels	0.80%	0.61%	-0.19%
8	Asian Paints Limited ₹321.14 Cr	Consumer Durables	2.16%	1.99%	-0.17%
9	LIC Housing Finance Limited ₹13.38 Cr	Finance	0.22%	0.08%	-0.14%
10	Triveni Turbine Limited ₹124.22 Cr	Electrical Equipment	0.88%	0.77%	-0.11%
11	Sobha Limited ₹1.48 Cr	Realty	0.12%	0.01%	-0.11%
12	NHPC Limited ₹88.77 Cr	Power	0.63%	0.55%	-0.08%
13	Tata Chemicals Limited ₹32.96 Cr	Chemicals & Petrochemicals	0.26%	0.20%	-0.06%
14	Gujarat Gas Limited ₹11.77 Cr	Gas	0.13%	0.07%	-0.06%
15	ICICI Bank Limited ₹1,230.25 Cr	Banks	7.68%	7.63%	-0.05%
16	Avenue Supermarts Limited ₹68.75 Cr	Retailing	0.48%	0.43%	-0.05%
17	SKF India Limited ₹56.05 Cr	Auto Components	0.39%	0.35%	-0.04%
18	Go Digit General Insurance Limited ₹44.38 Cr	Insurance	0.32%	0.28%	-0.04%
19	Gujarat Narmada Valley Fert. Co. Ltd ₹53.94 Cr	Chemicals & Petrochemicals	0.36%	0.33%	-0.03%
20	Cummins India Limited ₹122.85 Cr	Industrial Products	0.78%	0.76%	-0.02%
21	Ingersoll Rand (India) Limited ₹70.83 Cr	Industrial Products	0.46%	0.44%	-0.02%
22	SKF INDIA INDUSTRIAL LTD ₹61.07 Cr	Industrial Products	0.40%	0.38%	-0.02%
23	Siemens Energy India Limited ₹47.42 Cr	Electrical Equipment	0.31%	0.29%	-0.02%
24	Indiamart Intermesh Limited ₹41.09 Cr	Retailing	0.27%	0.25%	-0.02%
25	HDFC Asset Management Company Limited ₹115.00 Cr	Capital Markets	0.72%	0.71%	-0.01%
26	Bank of Baroda ₹16.15 Cr	Banks	0.11%	0.10%	-0.01%
27	Birla Corporation Limited ₹15.42 Cr	Cement & Cement Products	0.11%	0.10%	-0.01%

What Stocks Does This Fund Hold?

74 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹1,489.27 Cr	Banks	9.24%
2	ICICI Bank Limited ₹1,230.25 Cr	Banks	7.63%
3	Reliance Industries Limited ₹870.69 Cr	Petroleum Products	5.40%
4	Larsen & Toubro Limited ₹840.25 Cr	Construction	5.21%
5	Maruti Suzuki India Limited ₹700.09 Cr	Automobiles	4.34%
6	Kotak Mahindra Bank Limited ₹570.31 Cr	Banks	3.54%
7	Bharti Airtel Limited ₹546.03 Cr	Telecom - Services	3.39%
8	DLF Limited ₹473.04 Cr	Realty	2.93%
9	Mahindra & Mahindra Limited ₹453.39 Cr	Automobiles	2.81%
10	HDFC Life Insurance Company Limited ₹450.10 Cr	Insurance	2.79%
11	UltraTech Cement Limited ₹447.85 Cr	Cement & Cement Products	2.78%
12	Hero MotoCorp Limited ₹404.61 Cr	Automobiles	2.51%
13	NTPC Limited ₹365.96 Cr	Power	2.27%
14	Hyundai Motor India Ltd ₹329.02 Cr	Automobiles	2.04%
15	Asian Paints Limited ₹321.14 Cr	Consumer Durables	1.99%
16	InterGlobe Aviation Limited ₹318.87 Cr	Transport Services	1.98%
17	Prestige Estates Projects Limited ₹316.04 Cr	Realty	1.96%
18	SBI Life Insurance Company Limited ₹277.28 Cr	Insurance	1.72%
19	Hindustan Aeronautics Limited ₹251.10 Cr	Aerospace & Defense	1.56%
20	Trent Limited ₹226.65 Cr	Retailing	1.41%
21	Axis Bank Limited ₹215.16 Cr	Banks	1.33%
22	Info Edge (India) Limited ₹208.22 Cr	Retailing	1.29%
23	ICICI Prudential Life Insurance Company Limited ₹181.59 Cr	Insurance	1.13%
24	Shree Cement Limited ₹179.77 Cr	Cement & Cement Products	1.11%
25	Ashok Leyland Limited ₹149.59 Cr	Agricultural, Commercial & Construction Vehicles	0.93%
26	ICICI Lombard General Insurance Company Limited ₹142.18 Cr	Insurance	0.88%
27	Triveni Turbine Limited ₹124.22 Cr	Electrical Equipment	0.77%
28	Siemens Limited ₹123.60 Cr	Electrical Equipment	0.77%
29	Cummins India Limited ₹122.85 Cr	Industrial Products	0.76%
30	ABB India Limited ₹116.59 Cr	Electrical Equipment	0.72%
31	HDFC Asset Management Company Limited ₹115.00 Cr	Capital Markets	0.71%
32	Atul Limited ₹109.00 Cr	Chemicals & Petrochemicals	0.68%
33	Tata Motors Ltd ₹108.84 Cr	Agricultural, Commercial & Construction Vehicles	0.68%
34	Page Industries Limited ₹99.01 Cr	Textiles & Apparels	0.61%
35	PI Industries Limited ₹95.27 Cr	Fertilizers & Agrochemicals	0.59%
36	NHPC Limited ₹88.77 Cr	Power	0.55%
37	Gujarat Pipavav Port Limited ₹87.35 Cr	Transport Infrastructure	0.54%
38	Oberoi Realty Limited ₹83.53 Cr	Realty	0.52%
39	Supreme Industries Limited ₹76.64 Cr	Industrial Products	0.48%
40	Aarti Industries Limited ₹74.57 Cr	Chemicals & Petrochemicals	0.46%
41	Ingersoll Rand (India) Limited ₹70.83 Cr	Industrial Products	0.44%
42	Avenue Supermarts Limited ₹68.75 Cr	Retailing	0.43%
43	Ambuja Cements Limited ₹61.07 Cr	Cement & Cement Products	0.38%
44	SKF INDIA INDUSTRIAL LTD ₹61.07 Cr	Industrial Products	0.38%
45	Swiggy Limited ₹60.30 Cr	Retailing	0.37%
46	SKF India Limited ₹56.05 Cr	Auto Components	0.35%
47	Gujarat Narmada Valley Fert. Co. Ltd ₹53.94 Cr	Chemicals & Petrochemicals	0.33%
48	Indian Energy Exchange Limited ₹50.49 Cr	Capital Markets	0.31%
49	Affle 3i Limited ₹47.82 Cr	IT - Services	0.30%
50	Siemens Energy India Limited ₹47.42 Cr	Electrical Equipment	0.29%
51	TVS HOLDINGS LIMTED ₹45.33 Cr	Finance	0.28%
52	Go Digit General Insurance Limited ₹44.38 Cr	Insurance	0.28%
53	Indiamart Intermesh Limited ₹41.09 Cr	Retailing	0.25%
54	Godrej Consumer Products Limited ₹40.40 Cr	Personal Products	0.25%
55	Credit Analysis And Research Ltd. ₹39.77 Cr	Capital Markets	0.25%
56	Arvind Fashions Limited ₹33.55 Cr	Retailing	0.21%
57	Tata Chemicals Limited ₹32.96 Cr	Chemicals & Petrochemicals	0.20%
58	UTI Asset Management Company Limited ₹29.87 Cr	Capital Markets	0.19%
59	Sundaram Finance Limited ₹23.11 Cr	Finance	0.14%
60	Can Fin Homes Limited ₹20.69 Cr	Finance	0.13%
61	Automotive Axles Ltd ₹20.37 Cr	Auto Components	0.13%
62	Bank of Baroda ₹16.15 Cr	Banks	0.10%
63	Birla Corporation Limited ₹15.42 Cr	Cement & Cement Products	0.10%
64	Tata Motors Passenger Vehicles Limited ₹15.37 Cr	Automobiles	0.10%
65	PNB Housing Finance Limited ₹13.78 Cr	Finance	0.09%
66	Carborundum Universal Limited ₹12.11 Cr	Industrial Products	0.08%
67	LIC Housing Finance Limited ₹13.38 Cr	Finance	0.08%
68	Gujarat Gas Limited ₹11.77 Cr	Gas	0.07%
69	ZF Commercial Vehicle Control Systems India Limited ₹9.43 Cr	Auto Components	0.06%
70	Brigade Enterprises Limited ₹6.73 Cr	Realty	0.04%
71	GSPL Transmission Limited ₹3.11 Cr	Gas	0.02%
72	Sobha Limited ₹1.48 Cr	Realty	0.01%
73	State Bank of India ₹5.14 L	Banks	0.00%
74	Britannia Industries Limited ₹1.52 L	Food Products	0.00%