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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹14,855.82 Cr

Equity only, excl. debt & cash

Top 5 Weight

33.1%

Moderate

Top 10 Weight

48.7%

Moderate

Changes

7 new · 4 exits

Top Sector

Banks

23.2% of portfolio

📋 What Happened This Month ICICI Prudential Business Cycle Fund Direct Plan Growth made 7 new additions and exited 4 stocks this month. The biggest new buy was Hindustan Unilever Limited (Diversified FMCG) at 0.51% weight. Tata Power Company Limited was the biggest exit (Power), which was held at 0.37%. Among existing holdings, Hyundai Motor India Ltd saw the biggest increase — now at 1.84% of the portfolio. Cummins India Limited was trimmed the most, now at 1.20%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 23.2%. ↓ 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

+1.38%

+9.09%

-2.29%

+3.27%

Latest NAV

₹26.51

24 Jun 2026

52W High

₹27.67

-4% from High

52W Low

₹21.84

+21% 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

21.5%

+ve in 100% windows

60.6% / 0.2%

3Y Rolling Avg

24.3% p.a.

+ve in 100% windows

29.4% / 17.3%

5Y Rolling Avg

19.3% 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. What do these mean? →

Sharpe Ratio (3Y)

1.18

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.72

Penalises downside volatility only.

Std Deviation (3Y)

12.5%

Lower = more consistent returns.

NAV Chart ₹26.51 24 Jun 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: ₹26.51

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	23.3%	23.1%	▼ -0.2%
Automobiles	9.0%	10.6%	▲ +1.6%
Construction	7.1%	7.1%	● -0.1%
Insurance	5.9%	6.1%	▲ +0.2%
Petroleum Products	5.8%	6.0%	▲ +0.3%
Realty	1.8%	5.0%	▲ +3.2%
Power	3.9%	4.5%	▲ +0.6%
Cement & Cement Products	6.9%	4.4%	▼ -2.5%
Industrial Products	4.0%	3.7%	▼ -0.3%
Telecom - Services	3.3%	3.2%	▼ -0.2%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	23.1%	23.2%	▲ +0.1%
Automobiles	10.6%	11.1%	▲ +0.5%
Construction	7.1%	7.1%	● +0.1%
Insurance	6.1%	6.7%	▲ +0.6%
Petroleum Products	6.0%	5.8%	▼ -0.2%
Realty	5.0%	5.0%	● 0.0%
Cement & Cement Products	4.4%	4.4%	● 0.0%
Power	4.5%	3.5%	▼ -1.1%
Telecom - Services	3.2%	3.1%	● 0.0%
Electrical Equipment	2.9%	3.0%	● +0.1%

🟢

Biggest New Buy

Hindustan Unilever Limited

0.51% weight · Diversified FMCG

🔴

Biggest Exit

Tata Power Company Limited

0.37% was held · Power

↑

Biggest Add

Hyundai Motor India Ltd

+0.45% · now 1.84%

↓

Biggest Trim

Cummins India Limited

-0.66% · now 1.20%

🤝 Other funds also bought this month

Gujarat Gas Limited 36 funds

Godrej Consumer Products Limited 25 funds

Hindustan Unilever Limited 23 funds

Britannia Industries Limited 19 funds

Ambuja Cements Limited 16 funds

Carborundum Universal Limited 12 funds

👋 Other funds also exited

Gujarat State Petronet Limited 86 funds

Power Grid Corporation of India Limited 9 funds

Grindwell Norton Limited 4 funds

Tata Power Company Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 7 New Entries 🔴 4 Exits ↑ 32 Increased ↓ 29 Decreased

#	Stock	Sector	Weight (May 2026)
1	Hindustan Unilever Limited ₹80.76 Cr	Diversified FMCG	0.51%
2	Godrej Consumer Products Limited ₹73.23 Cr	Personal Products	0.46%
3	Britannia Industries Limited ₹49.05 Cr	Food Products	0.31%
4	Go Digit General Insurance Limited ₹48.73 Cr	Insurance	0.31%
5	Ambuja Cements Limited ₹39.19 Cr	Cement & Cement Products	0.25%
6	Gujarat Gas Limited ₹24.95 Cr	Gas	0.16%
7	Carborundum Universal Limited ₹10.74 Cr	Industrial Products	0.07%

#	Stock	Sector	Last Weight (Apr 2026)
1	Tata Power Company Limited ₹58.35 Cr	Power	0.37%
2	Power Grid Corporation of India Limited ₹53.97 Cr	Power	0.34%
3	Gujarat State Petronet Limited ₹23.06 Cr	Gas	0.15%
4	Grindwell Norton Limited ₹13.58 Cr	Industrial Products	0.09%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Hyundai Motor India Ltd ₹290.29 Cr	Automobiles	1.39%	1.84%	+0.45%
2	Siemens Energy India Limited ₹65.32 Cr	Electrical Equipment	0.11%	0.41%	+0.30%
3	Kotak Mahindra Bank Limited ₹521.97 Cr	Banks	3.10%	3.30%	+0.20%
4	Asian Paints Limited ₹353.49 Cr	Consumer Durables	2.05%	2.24%	+0.19%
5	ICICI Prudential Life Insurance Company Limited ₹172.52 Cr	Insurance	0.90%	1.09%	+0.19%
6	Hindustan Aeronautics Limited ₹232.58 Cr	Aerospace & Defense	1.31%	1.47%	+0.16%
7	Trent Limited ₹106.73 Cr	Retailing	0.52%	0.68%	+0.16%
8	Hindustan Petroleum Corporation Limited ₹56.53 Cr	Petroleum Products	0.25%	0.36%	+0.11%
9	Larsen & Toubro Limited ₹1,124.39 Cr	Construction	7.05%	7.12%	+0.07%
10	SKF India Limited ₹62.12 Cr	Auto Components	0.32%	0.39%	+0.07%
11	Axis Bank Limited ₹538.04 Cr	Banks	3.35%	3.41%	+0.06%
12	Bajaj Auto Limited ₹184.49 Cr	Automobiles	1.11%	1.17%	+0.06%
13	HDFC Life Insurance Company Limited ₹455.89 Cr	Insurance	2.84%	2.89%	+0.05%
14	Maruti Suzuki India Limited ₹645.65 Cr	Automobiles	4.05%	4.09%	+0.04%
15	InterGlobe Aviation Limited ₹273.84 Cr	Transport Services	1.69%	1.73%	+0.04%
16	Shree Cement Limited ₹174.39 Cr	Cement & Cement Products	1.06%	1.10%	+0.04%
17	Gujarat Narmada Valley Fert. Co. Ltd ₹53.30 Cr	Chemicals & Petrochemicals	0.31%	0.34%	+0.03%
18	Swiggy Limited ₹53.30 Cr	Retailing	0.31%	0.34%	+0.03%
19	Honeywell Automation India Limited ₹46.18 Cr	Industrial Manufacturing	0.26%	0.29%	+0.03%
20	Sundaram Finance Limited ₹6.64 Cr	Finance	0.01%	0.04%	+0.03%
21	DLF Limited ₹423.75 Cr	Realty	2.66%	2.68%	+0.02%
22	SBI Life Insurance Company Limited ₹269.63 Cr	Insurance	1.69%	1.71%	+0.02%
23	Info Edge (India) Limited ₹151.54 Cr	Retailing	0.94%	0.96%	+0.02%
24	Oberoi Realty Limited ₹83.14 Cr	Realty	0.51%	0.53%	+0.02%
25	Siemens Limited ₹139.82 Cr	Electrical Equipment	0.88%	0.89%	+0.01%
26	ICICI Lombard General Insurance Company Limited ₹112.13 Cr	Insurance	0.70%	0.71%	+0.01%
27	Gujarat Pipavav Port Limited ₹91.46 Cr	Transport Infrastructure	0.57%	0.58%	+0.01%
28	Indian Energy Exchange Limited ₹48.98 Cr	Capital Markets	0.30%	0.31%	+0.01%
29	Affle 3i Limited ₹44.11 Cr	IT - Services	0.27%	0.28%	+0.01%
30	Tata Motors Passenger Vehicles Limited ₹17.82 Cr	Automobiles	0.10%	0.11%	+0.01%
31	Birla Corporation Limited ₹17.27 Cr	Cement & Cement Products	0.10%	0.11%	+0.01%
32	GAIL (India) Limited ₹10.32 Cr	Gas	0.06%	0.07%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Cummins India Limited ₹189.72 Cr	Industrial Products	1.86%	1.20%	-0.66%
2	Reliance Industries Limited ₹863.36 Cr	Petroleum Products	5.77%	5.46%	-0.31%
3	UltraTech Cement Limited ₹456.12 Cr	Cement & Cement Products	3.20%	2.89%	-0.31%
4	NTPC Limited ₹446.43 Cr	Power	3.14%	2.83%	-0.31%
5	Timken India Limited ₹55.05 Cr	Industrial Products	0.60%	0.35%	-0.25%
6	Oil & Natural Gas Corporation Limited ₹126.51 Cr	Oil	1.00%	0.80%	-0.20%
7	Page Industries Limited ₹156.69 Cr	Textiles & Apparels	1.12%	0.99%	-0.13%
8	Triveni Turbine Limited ₹153.08 Cr	Electrical Equipment	1.09%	0.97%	-0.12%
9	ABB India Limited ₹116.09 Cr	Electrical Equipment	0.85%	0.73%	-0.12%
10	HDFC Bank Limited ₹1,459.69 Cr	Banks	9.35%	9.24%	-0.11%
11	Oil India Limited ₹81.19 Cr	Oil	0.61%	0.51%	-0.10%
12	Prestige Estates Projects Limited ₹254.05 Cr	Realty	1.66%	1.61%	-0.05%
13	ICICI Bank Limited ₹1,131.93 Cr	Banks	7.20%	7.17%	-0.03%
14	Bharti Airtel Limited ₹492.72 Cr	Telecom - Services	3.15%	3.12%	-0.03%
15	Mahindra & Mahindra Limited ₹289.00 Cr	Automobiles	1.86%	1.83%	-0.03%
16	Ashok Leyland Limited ₹105.48 Cr	Agricultural, Commercial & Construction Vehicles	0.70%	0.67%	-0.03%
17	NHPC Limited ₹99.27 Cr	Power	0.66%	0.63%	-0.03%
18	Ingersoll Rand (India) Limited ₹86.91 Cr	Industrial Products	0.58%	0.55%	-0.03%
19	Aarti Industries Limited ₹72.42 Cr	Chemicals & Petrochemicals	0.49%	0.46%	-0.03%
20	Tata Chemicals Limited ₹44.17 Cr	Chemicals & Petrochemicals	0.31%	0.28%	-0.03%
21	TVS HOLDINGS LIMTED ₹41.76 Cr	Finance	0.28%	0.26%	-0.02%
22	Sobha Limited ₹26.97 Cr	Realty	0.19%	0.17%	-0.02%
23	Hero MotoCorp Limited ₹326.65 Cr	Automobiles	2.08%	2.07%	-0.01%
24	HDFC Asset Management Company Limited ₹117.57 Cr	Capital Markets	0.75%	0.74%	-0.01%
25	Indiamart Intermesh Limited ₹46.02 Cr	Retailing	0.30%	0.29%	-0.01%
26	Supreme Industries Limited ₹44.90 Cr	Industrial Products	0.29%	0.28%	-0.01%
27	Credit Analysis And Research Ltd. ₹37.65 Cr	Capital Markets	0.25%	0.24%	-0.01%
28	Automotive Axles Ltd ₹19.57 Cr	Auto Components	0.13%	0.12%	-0.01%
29	Tata Motors Ltd ₹17.17 Cr	Agricultural, Commercial & Construction Vehicles	0.12%	0.11%	-0.01%

What Stocks Does This Fund Hold?

77 stocks — May 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹1,459.69 Cr	Banks	9.24%
2	ICICI Bank Limited ₹1,131.93 Cr	Banks	7.17%
3	Larsen & Toubro Limited ₹1,124.39 Cr	Construction	7.12%
4	Reliance Industries Limited ₹863.36 Cr	Petroleum Products	5.46%
5	Maruti Suzuki India Limited ₹645.65 Cr	Automobiles	4.09%
6	Axis Bank Limited ₹538.04 Cr	Banks	3.41%
7	Kotak Mahindra Bank Limited ₹521.97 Cr	Banks	3.30%
8	Bharti Airtel Limited ₹492.72 Cr	Telecom - Services	3.12%
9	UltraTech Cement Limited ₹456.12 Cr	Cement & Cement Products	2.89%
10	HDFC Life Insurance Company Limited ₹455.89 Cr	Insurance	2.89%
11	NTPC Limited ₹446.43 Cr	Power	2.83%
12	DLF Limited ₹423.75 Cr	Realty	2.68%
13	Asian Paints Limited ₹353.49 Cr	Consumer Durables	2.24%
14	Hero MotoCorp Limited ₹326.65 Cr	Automobiles	2.07%
15	Hyundai Motor India Ltd ₹290.29 Cr	Automobiles	1.84%
16	Mahindra & Mahindra Limited ₹289.00 Cr	Automobiles	1.83%
17	InterGlobe Aviation Limited ₹273.84 Cr	Transport Services	1.73%
18	SBI Life Insurance Company Limited ₹269.63 Cr	Insurance	1.71%
19	Prestige Estates Projects Limited ₹254.05 Cr	Realty	1.61%
20	Hindustan Aeronautics Limited ₹232.58 Cr	Aerospace & Defense	1.47%
21	Cummins India Limited ₹189.72 Cr	Industrial Products	1.20%
22	Bajaj Auto Limited ₹184.49 Cr	Automobiles	1.17%
23	Shree Cement Limited ₹174.39 Cr	Cement & Cement Products	1.10%
24	ICICI Prudential Life Insurance Company Limited ₹172.52 Cr	Insurance	1.09%
25	Page Industries Limited ₹156.69 Cr	Textiles & Apparels	0.99%
26	Triveni Turbine Limited ₹153.08 Cr	Electrical Equipment	0.97%
27	Info Edge (India) Limited ₹151.54 Cr	Retailing	0.96%
28	Siemens Limited ₹139.82 Cr	Electrical Equipment	0.89%
29	Oil & Natural Gas Corporation Limited ₹126.51 Cr	Oil	0.80%
30	HDFC Asset Management Company Limited ₹117.57 Cr	Capital Markets	0.74%
31	ABB India Limited ₹116.09 Cr	Electrical Equipment	0.73%
32	ICICI Lombard General Insurance Company Limited ₹112.13 Cr	Insurance	0.71%
33	Trent Limited ₹106.73 Cr	Retailing	0.68%
34	Ashok Leyland Limited ₹105.48 Cr	Agricultural, Commercial & Construction Vehicles	0.67%
35	NHPC Limited ₹99.27 Cr	Power	0.63%
36	Atul Limited ₹97.11 Cr	Chemicals & Petrochemicals	0.61%
37	Gujarat Pipavav Port Limited ₹91.46 Cr	Transport Infrastructure	0.58%
38	Ingersoll Rand (India) Limited ₹86.91 Cr	Industrial Products	0.55%
39	Oberoi Realty Limited ₹83.14 Cr	Realty	0.53%
40	PI Industries Limited ₹82.22 Cr	Fertilizers & Agrochemicals	0.52%
41	Oil India Limited ₹81.19 Cr	Oil	0.51%
42	Hindustan Unilever Limited ₹80.76 Cr	Diversified FMCG	0.51%
43	Godrej Consumer Products Limited ₹73.23 Cr	Personal Products	0.46%
44	Aarti Industries Limited ₹72.42 Cr	Chemicals & Petrochemicals	0.46%
45	Siemens Energy India Limited ₹65.32 Cr	Electrical Equipment	0.41%
46	SKF India Limited ₹62.12 Cr	Auto Components	0.39%
47	Hindustan Petroleum Corporation Limited ₹56.53 Cr	Petroleum Products	0.36%
48	Timken India Limited ₹55.05 Cr	Industrial Products	0.35%
49	Gujarat Narmada Valley Fert. Co. Ltd ₹53.30 Cr	Chemicals & Petrochemicals	0.34%
50	Swiggy Limited ₹53.30 Cr	Retailing	0.34%
51	Britannia Industries Limited ₹49.05 Cr	Food Products	0.31%
52	Indian Energy Exchange Limited ₹48.98 Cr	Capital Markets	0.31%
53	Go Digit General Insurance Limited ₹48.73 Cr	Insurance	0.31%
54	SKF INDIA INDUSTRIAL LTD ₹48.21 Cr	Industrial Products	0.31%
55	Honeywell Automation India Limited ₹46.18 Cr	Industrial Manufacturing	0.29%
56	Indiamart Intermesh Limited ₹46.02 Cr	Retailing	0.29%
57	Affle 3i Limited ₹44.11 Cr	IT - Services	0.28%
58	Supreme Industries Limited ₹44.90 Cr	Industrial Products	0.28%
59	Tata Chemicals Limited ₹44.17 Cr	Chemicals & Petrochemicals	0.28%
60	TVS HOLDINGS LIMTED ₹41.76 Cr	Finance	0.26%
61	Ambuja Cements Limited ₹39.19 Cr	Cement & Cement Products	0.25%
62	Credit Analysis And Research Ltd. ₹37.65 Cr	Capital Markets	0.24%
63	LIC Housing Finance Limited ₹34.16 Cr	Finance	0.22%
64	UTI Asset Management Company Limited ₹31.11 Cr	Capital Markets	0.20%
65	Sobha Limited ₹26.97 Cr	Realty	0.17%
66	Gujarat Gas Limited ₹24.95 Cr	Gas	0.16%
67	Can Fin Homes Limited ₹18.62 Cr	Finance	0.12%
68	Automotive Axles Ltd ₹19.57 Cr	Auto Components	0.12%
69	Bank of Baroda ₹17.87 Cr	Banks	0.11%
70	Tata Motors Passenger Vehicles Limited ₹17.82 Cr	Automobiles	0.11%
71	Birla Corporation Limited ₹17.27 Cr	Cement & Cement Products	0.11%
72	Tata Motors Ltd ₹17.17 Cr	Agricultural, Commercial & Construction Vehicles	0.11%
73	PNB Housing Finance Limited ₹13.48 Cr	Finance	0.09%
74	Carborundum Universal Limited ₹10.74 Cr	Industrial Products	0.07%
75	GAIL (India) Limited ₹10.32 Cr	Gas	0.07%
76	Sundaram Finance Limited ₹6.64 Cr	Finance	0.04%
77	Camlin Fine Sciences Ltd ₹61.03 L	Chemicals & Petrochemicals	0.00%