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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹12,834.98 Cr

Equity only, excl. debt & cash

AAUM

₹15,725.09 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

30.0%

Moderate

Top 10 Weight

45.4%

Moderate

Changes

5 new · 4 exits

Top Sector

Banks

21.3% 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 5 new additions and exited 4 stocks this month. The biggest new buy was Indian Oil Corporation Limited (Petroleum Products) at 0.37% weight. Siemens Limited was the biggest exit (Electrical Equipment), which was held at 0.83%. Among existing holdings, HDFC Bank Limited saw the biggest increase — now at 9.57% of the portfolio. ICICI Bank Limited was trimmed the most, now at 6.70%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 21.3%. ↓ 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

-2.89%

-6.58%

-3.12%

-6.05%

Latest NAV

₹24.84

09 Oct 2026

52W High

₹27.67

-10% from High

52W Low

₹23.76

+5% 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

20.3%

+ve in 99% windows

60.6% / -4.0%

3Y Rolling Avg

23.7% p.a.

+ve in 100% windows

29.4% / 15.1%

5Y Rolling Avg

18.7% p.a.

+ve in 100% windows

21.4% / 16.3%

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)

0.71

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.01

Penalises downside volatility only.

Std Deviation (3Y)

12.7%

Lower = more consistent returns.

NAV Chart ₹24.84 09 Oct 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: ₹24.84

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	21.8%	22.0%	▲ +0.2%
Automobiles	11.8%	11.5%	▼ -0.3%
Insurance	6.8%	7.2%	▲ +0.4%
Realty	5.5%	5.7%	▲ +0.3%
Petroleum Products	5.4%	5.4%	● 0.0%
Construction	5.2%	4.9%	▼ -0.3%
Retailing	4.0%	4.2%	▲ +0.3%
Cement & Cement Products	4.4%	4.2%	▼ -0.2%
Telecom - Services	3.4%	2.9%	▼ -0.5%
Power	2.8%	2.7%	▼ -0.2%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	22.0%	21.3%	▼ -0.8%
Automobiles	11.5%	10.9%	▼ -0.6%
Insurance	7.2%	7.5%	▲ +0.3%
Petroleum Products	5.4%	6.1%	▲ +0.7%
Realty	5.7%	5.8%	● +0.1%
Construction	4.9%	4.5%	▼ -0.4%
Cement & Cement Products	4.2%	4.3%	▲ +0.2%
Retailing	4.2%	4.2%	● 0.0%
Power	2.7%	3.1%	▲ +0.5%
Telecom - Services	2.9%	3.0%	● +0.1%

🟢

Biggest New Buy

Indian Oil Corporation Limited

0.37% weight · Petroleum Products

🔴

Biggest Exit

Siemens Limited

0.83% was held · Electrical Equipment

↑

Biggest Add

HDFC Bank Limited

+0.59% · now 9.57%

↓

Biggest Trim

ICICI Bank Limited

-0.97% · now 6.70%

🤝 Other funds also bought this month

Power Grid Corporation of India Limited 23 funds

Bharat Petroleum Corporation Limited 10 funds

Hindustan Petroleum Corporation Limited 10 funds

Indian Oil Corporation Limited 8 funds

Canara HSBC Life Insurance Co Ltd 7 funds

👋 Other funds also exited

ABB India Limited 16 funds

Siemens Energy India Limited 13 funds

Siemens Limited 12 funds

Ingersoll Rand (India) Limited 2 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 5 New Entries 🔴 4 Exits ↑ 29 Increased ↓ 25 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	Indian Oil Corporation Limited ₹54.85 Cr	Petroleum Products	0.37%
2	Power Grid Corporation of India Limited ₹45.59 Cr	Power	0.31%
3	Hindustan Petroleum Corporation Limited ₹42.01 Cr	Petroleum Products	0.28%
4	Bharat Petroleum Corporation Limited ₹21.22 Cr	Petroleum Products	0.14%
5	Canara HSBC Life Insurance Co Ltd ₹7.85 Cr	Insurance	0.05%

#	Stock	Sector	Last Weight (Aug 2026)
1	Siemens Limited ₹132.48 Cr	Electrical Equipment	0.83%
2	ABB India Limited ₹114.62 Cr	Electrical Equipment	0.72%
3	Siemens Energy India Limited ₹39.33 Cr	Electrical Equipment	0.25%
4	Ingersoll Rand (India) Limited ₹39.34 Cr	Industrial Products	0.25%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	HDFC Bank Limited ₹1,424.91 Cr	Banks	8.98%	9.57%	+0.59%
2	ICICI Lombard General Insurance Company Limited ₹196.61 Cr	Insurance	1.12%	1.32%	+0.20%
3	InterGlobe Aviation Limited ₹307.34 Cr	Transport Services	1.87%	2.06%	+0.19%
4	DLF Limited ₹483.59 Cr	Realty	3.12%	3.25%	+0.13%
5	NTPC Limited ₹340.14 Cr	Power	2.17%	2.28%	+0.11%
6	Shree Cement Limited ₹164.53 Cr	Cement & Cement Products	1.00%	1.11%	+0.11%
7	Bharti Airtel Limited ₹442.58 Cr	Telecom - Services	2.88%	2.97%	+0.09%
8	HDFC Life Insurance Company Limited ₹438.53 Cr	Insurance	2.88%	2.95%	+0.07%
9	UltraTech Cement Limited ₹412.22 Cr	Cement & Cement Products	2.71%	2.77%	+0.06%
10	SBI Life Insurance Company Limited ₹249.93 Cr	Insurance	1.62%	1.68%	+0.06%
11	Hero MotoCorp Limited ₹363.35 Cr	Automobiles	2.38%	2.44%	+0.06%
12	Info Edge (India) Limited ₹210.12 Cr	Retailing	1.36%	1.41%	+0.05%
13	Page Industries Limited ₹89.23 Cr	Textiles & Apparels	0.55%	0.60%	+0.05%
14	Gujarat Narmada Valley Fert. Co. Ltd ₹63.89 Cr	Chemicals & Petrochemicals	0.38%	0.43%	+0.05%
15	NHPC Limited ₹77.29 Cr	Power	0.48%	0.52%	+0.04%
16	Gujarat Pipavav Port Limited ₹81.66 Cr	Transport Infrastructure	0.52%	0.55%	+0.03%
17	Avenue Supermarts Limited ₹84.48 Cr	Retailing	0.55%	0.57%	+0.02%
18	PI Industries Limited ₹79.99 Cr	Fertilizers & Agrochemicals	0.52%	0.54%	+0.02%
19	Carborundum Universal Limited ₹14.26 Cr	Industrial Products	0.08%	0.10%	+0.02%
20	Go Digit General Insurance Limited ₹45.38 Cr	Insurance	0.28%	0.30%	+0.02%
21	UTI Asset Management Company Limited ₹29.19 Cr	Capital Markets	0.18%	0.20%	+0.02%
22	Axis Bank Limited ₹214.55 Cr	Banks	1.43%	1.44%	+0.01%
23	Godrej Consumer Products Limited ₹32.08 Cr	Personal Products	0.21%	0.22%	+0.01%
24	Supreme Industries Limited ₹76.32 Cr	Industrial Products	0.50%	0.51%	+0.01%
25	PNB Housing Finance Limited ₹14.65 Cr	Finance	0.09%	0.10%	+0.01%
26	Affle 3i Limited ₹45.56 Cr	IT - Services	0.30%	0.31%	+0.01%
27	SKF India Limited ₹57.20 Cr	Auto Components	0.37%	0.38%	+0.01%
28	Credit Analysis And Research Ltd. ₹39.23 Cr	Capital Markets	0.25%	0.26%	+0.01%
29	Automotive Axles Ltd ₹19.30 Cr	Auto Components	0.12%	0.13%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	ICICI Bank Limited ₹997.59 Cr	Banks	7.67%	6.70%	-0.97%
2	Larsen & Toubro Limited ₹670.02 Cr	Construction	4.92%	4.50%	-0.42%
3	Kotak Mahindra Bank Limited ₹512.13 Cr	Banks	3.86%	3.44%	-0.42%
4	Hindustan Aeronautics Limited ₹137.90 Cr	Aerospace & Defense	1.35%	0.93%	-0.42%
5	SKF INDIA INDUSTRIAL LTD ₹16.01 Cr	Industrial Products	0.42%	0.11%	-0.31%
6	Hyundai Motor India Ltd ₹269.87 Cr	Automobiles	2.10%	1.81%	-0.29%
7	Maruti Suzuki India Limited ₹588.59 Cr	Automobiles	4.20%	3.95%	-0.25%
8	Mahindra & Mahindra Limited ₹393.56 Cr	Automobiles	2.76%	2.64%	-0.12%
9	ICICI Prudential Life Insurance Company Limited ₹156.37 Cr	Insurance	1.15%	1.05%	-0.10%
10	Ashok Leyland Limited ₹138.79 Cr	Agricultural, Commercial & Construction Vehicles	1.00%	0.93%	-0.07%
11	Tata Motors Ltd ₹99.73 Cr	Agricultural, Commercial & Construction Vehicles	0.74%	0.67%	-0.07%
12	Asian Paints Limited ₹269.24 Cr	Consumer Durables	1.87%	1.81%	-0.06%
13	HDFC Asset Management Company Limited ₹100.27 Cr	Capital Markets	0.73%	0.67%	-0.06%
14	Prestige Estates Projects Limited ₹289.78 Cr	Realty	2.01%	1.95%	-0.06%
15	Reliance Industries Limited ₹790.26 Cr	Petroleum Products	5.36%	5.31%	-0.05%
16	Trent Limited ₹197.67 Cr	Retailing	1.37%	1.33%	-0.04%
17	Arvind Fashions Limited ₹44.26 Cr	Retailing	0.33%	0.30%	-0.03%
18	Indian Energy Exchange Limited ₹40.85 Cr	Capital Markets	0.29%	0.27%	-0.02%
19	Cummins India Limited ₹141.66 Cr	Industrial Products	0.96%	0.95%	-0.01%
20	Ambuja Cements Limited ₹52.85 Cr	Cement & Cement Products	0.36%	0.35%	-0.01%
21	Brigade Enterprises Limited ₹6.67 Cr	Realty	0.05%	0.04%	-0.01%
22	Atul Limited ₹95.72 Cr	Chemicals & Petrochemicals	0.65%	0.64%	-0.01%
23	Aarti Industries Limited ₹72.52 Cr	Chemicals & Petrochemicals	0.50%	0.49%	-0.01%
24	Can Fin Homes Limited ₹18.14 Cr	Finance	0.13%	0.12%	-0.01%
25	TVS HOLDINGS LIMTED ₹37.30 Cr	Finance	0.26%	0.25%	-0.01%

What Stocks Does This Fund Hold?

75 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹1,424.91 Cr	Banks	9.57%
2	ICICI Bank Limited ₹997.59 Cr	Banks	6.70%
3	Reliance Industries Limited ₹790.26 Cr	Petroleum Products	5.31%
4	Larsen & Toubro Limited ₹670.02 Cr	Construction	4.50%
5	Maruti Suzuki India Limited ₹588.59 Cr	Automobiles	3.95%
6	Kotak Mahindra Bank Limited ₹512.13 Cr	Banks	3.44%
7	DLF Limited ₹483.59 Cr	Realty	3.25%
8	Bharti Airtel Limited ₹442.58 Cr	Telecom - Services	2.97%
9	HDFC Life Insurance Company Limited ₹438.53 Cr	Insurance	2.95%
10	UltraTech Cement Limited ₹412.22 Cr	Cement & Cement Products	2.77%
11	Mahindra & Mahindra Limited ₹393.56 Cr	Automobiles	2.64%
12	Hero MotoCorp Limited ₹363.35 Cr	Automobiles	2.44%
13	NTPC Limited ₹340.14 Cr	Power	2.28%
14	InterGlobe Aviation Limited ₹307.34 Cr	Transport Services	2.06%
15	Prestige Estates Projects Limited ₹289.78 Cr	Realty	1.95%
16	Asian Paints Limited ₹269.24 Cr	Consumer Durables	1.81%
17	Hyundai Motor India Ltd ₹269.87 Cr	Automobiles	1.81%
18	SBI Life Insurance Company Limited ₹249.93 Cr	Insurance	1.68%
19	Axis Bank Limited ₹214.55 Cr	Banks	1.44%
20	Info Edge (India) Limited ₹210.12 Cr	Retailing	1.41%
21	Trent Limited ₹197.67 Cr	Retailing	1.33%
22	ICICI Lombard General Insurance Company Limited ₹196.61 Cr	Insurance	1.32%
23	Shree Cement Limited ₹164.53 Cr	Cement & Cement Products	1.11%
24	ICICI Prudential Life Insurance Company Limited ₹156.37 Cr	Insurance	1.05%
25	Cummins India Limited ₹141.66 Cr	Industrial Products	0.95%
26	Ashok Leyland Limited ₹138.79 Cr	Agricultural, Commercial & Construction Vehicles	0.93%
27	Hindustan Aeronautics Limited ₹137.90 Cr	Aerospace & Defense	0.93%
28	Triveni Turbine Limited ₹111.36 Cr	Electrical Equipment	0.75%
29	Tata Motors Ltd ₹99.73 Cr	Agricultural, Commercial & Construction Vehicles	0.67%
30	HDFC Asset Management Company Limited ₹100.27 Cr	Capital Markets	0.67%
31	Atul Limited ₹95.72 Cr	Chemicals & Petrochemicals	0.64%
32	Page Industries Limited ₹89.23 Cr	Textiles & Apparels	0.60%
33	Avenue Supermarts Limited ₹84.48 Cr	Retailing	0.57%
34	Gujarat Pipavav Port Limited ₹81.66 Cr	Transport Infrastructure	0.55%
35	PI Industries Limited ₹79.99 Cr	Fertilizers & Agrochemicals	0.54%
36	Oberoi Realty Limited ₹80.70 Cr	Realty	0.54%
37	NHPC Limited ₹77.29 Cr	Power	0.52%
38	Supreme Industries Limited ₹76.32 Cr	Industrial Products	0.51%
39	Aarti Industries Limited ₹72.52 Cr	Chemicals & Petrochemicals	0.49%
40	Gujarat Narmada Valley Fert. Co. Ltd ₹63.89 Cr	Chemicals & Petrochemicals	0.43%
41	Swiggy Limited ₹57.32 Cr	Retailing	0.38%
42	SKF India Limited ₹57.20 Cr	Auto Components	0.38%
43	Indian Oil Corporation Limited ₹54.85 Cr	Petroleum Products	0.37%
44	Ambuja Cements Limited ₹52.85 Cr	Cement & Cement Products	0.35%
45	Affle 3i Limited ₹45.56 Cr	IT - Services	0.31%
46	Power Grid Corporation of India Limited ₹45.59 Cr	Power	0.31%
47	Go Digit General Insurance Limited ₹45.38 Cr	Insurance	0.30%
48	Arvind Fashions Limited ₹44.26 Cr	Retailing	0.30%
49	Hindustan Petroleum Corporation Limited ₹42.01 Cr	Petroleum Products	0.28%
50	Indian Energy Exchange Limited ₹40.85 Cr	Capital Markets	0.27%
51	Credit Analysis And Research Ltd. ₹39.23 Cr	Capital Markets	0.26%
52	Indiamart Intermesh Limited ₹37.19 Cr	Retailing	0.25%
53	TVS HOLDINGS LIMTED ₹37.30 Cr	Finance	0.25%
54	Godrej Consumer Products Limited ₹32.08 Cr	Personal Products	0.22%
55	UTI Asset Management Company Limited ₹29.19 Cr	Capital Markets	0.20%
56	Life Insurance Corporation Of India ₹25.98 Cr	Insurance	0.17%
57	Tata Chemicals Limited ₹23.72 Cr	Chemicals & Petrochemicals	0.16%
58	Bharat Petroleum Corporation Limited ₹21.22 Cr	Petroleum Products	0.14%
59	Sundaram Finance Limited ₹21.57 Cr	Finance	0.14%
60	Automotive Axles Ltd ₹19.30 Cr	Auto Components	0.13%
61	Can Fin Homes Limited ₹18.14 Cr	Finance	0.12%
62	SKF INDIA INDUSTRIAL LTD ₹16.01 Cr	Industrial Products	0.11%
63	Birla Corporation Limited ₹14.55 Cr	Cement & Cement Products	0.10%
64	PNB Housing Finance Limited ₹14.65 Cr	Finance	0.10%
65	Bank of Baroda ₹15.34 Cr	Banks	0.10%
66	Carborundum Universal Limited ₹14.26 Cr	Industrial Products	0.10%
67	Tata Motors Passenger Vehicles Limited ₹12.82 Cr	Automobiles	0.09%
68	LIC Housing Finance Limited ₹13.56 Cr	Finance	0.09%
69	ZF Commercial Vehicle Control Systems India Limited ₹9.13 Cr	Auto Components	0.06%
70	Canara HSBC Life Insurance Co Ltd ₹7.85 Cr	Insurance	0.05%
71	Brigade Enterprises Limited ₹6.67 Cr	Realty	0.04%
72	GSPL Transmission Limited ₹2.99 Cr	Gas	0.02%
73	Sobha Limited ₹1.32 Cr	Realty	0.01%
74	Britannia Industries Limited ₹1.35 L	Food Products	0.00%
75	State Bank of India ₹4.80 L	Banks	0.00%