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 Aug 2026 Comparing Jul 2026 → Aug 2026

Share: WhatsApp X

⌕

Stocks Held

Aug 2026

Equity Holdings

₹14,100.69 Cr

Equity only, excl. debt & cash

AAUM

₹15,725.09 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

31.1%

Moderate

Top 10 Weight

46.6%

Moderate

Changes

1 new · 1 exits

Top Sector

Banks

22.0% 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 1 new addition and exited 1 stock this month. The biggest new buy was Life Insurance Corporation Of India (Insurance) at 0.17% weight. Gujarat Gas Limited was the biggest exit (Gas), which was held at 0.07%. Among existing holdings, Kotak Mahindra Bank Limited saw the biggest increase — now at 3.86% of the portfolio. Bharti Airtel Limited was trimmed the most, now at 2.88%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 22.0%. ↓ 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

-3.98%

-3.18%

+4.03%

-2.70%

Latest NAV

₹25.58

11 Sep 2026

52W High

₹27.67

-8% from High

52W Low

₹22.25

+15% 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

20.5%

+ve in 100% windows

60.6% / -0.2%

3Y Rolling Avg

23.8% p.a.

+ve in 100% windows

29.4% / 16.4%

5Y Rolling Avg

18.9% 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)

0.79

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.13

Penalises downside volatility only.

Std Deviation (3Y)

12.6%

Lower = more consistent returns.

NAV Chart ₹25.58 11 Sep 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: ₹25.58

Sector Shift Industry allocation month-over-month

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%

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%

🟢

Biggest New Buy

Life Insurance Corporation Of India

0.17% weight · Insurance

🔴

Biggest Exit

Gujarat Gas Limited

0.07% was held · Gas

↑

Biggest Add

Kotak Mahindra Bank Limited

+0.32% · now 3.86%

↓

Biggest Trim

Bharti Airtel Limited

-0.51% · now 2.88%

🤝 Other funds also bought this month

Life Insurance Corporation Of India 87 funds

👋 Other funds also exited

Gujarat Gas Limited 10 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 1 New Entry 🔴 1 Exit ↑ 26 Increased ↓ 31 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Life Insurance Corporation Of India ₹27.48 Cr	Insurance	0.17%

#	Stock	Sector	Last Weight (Jul 2026)
1	Gujarat Gas Limited ₹11.77 Cr	Gas	0.07%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Kotak Mahindra Bank Limited ₹612.83 Cr	Banks	3.54%	3.86%	+0.32%
2	ICICI Lombard General Insurance Company Limited ₹178.08 Cr	Insurance	0.88%	1.12%	+0.24%
3	Cummins India Limited ₹151.92 Cr	Industrial Products	0.76%	0.96%	+0.20%
4	DLF Limited ₹495.82 Cr	Realty	2.93%	3.12%	+0.19%
5	Avenue Supermarts Limited ₹86.67 Cr	Retailing	0.43%	0.55%	+0.12%
6	Arvind Fashions Limited ₹51.69 Cr	Retailing	0.21%	0.33%	+0.12%
7	Axis Bank Limited ₹227.50 Cr	Banks	1.33%	1.43%	+0.10%
8	HDFC Life Insurance Company Limited ₹457.16 Cr	Insurance	2.79%	2.88%	+0.09%
9	Info Edge (India) Limited ₹216.39 Cr	Retailing	1.29%	1.36%	+0.07%
10	Ashok Leyland Limited ₹158.10 Cr	Agricultural, Commercial & Construction Vehicles	0.93%	1.00%	+0.07%
11	Hyundai Motor India Ltd ₹332.68 Cr	Automobiles	2.04%	2.10%	+0.06%
12	Siemens Limited ₹132.48 Cr	Electrical Equipment	0.77%	0.83%	+0.06%
13	Tata Motors Ltd ₹117.39 Cr	Agricultural, Commercial & Construction Vehicles	0.68%	0.74%	+0.06%
14	Prestige Estates Projects Limited ₹319.32 Cr	Realty	1.96%	2.01%	+0.05%
15	Gujarat Narmada Valley Fert. Co. Ltd ₹60.75 Cr	Chemicals & Petrochemicals	0.33%	0.38%	+0.05%
16	ICICI Bank Limited ₹1,217.11 Cr	Banks	7.63%	7.67%	+0.04%
17	Aarti Industries Limited ₹79.95 Cr	Chemicals & Petrochemicals	0.46%	0.50%	+0.04%
18	SKF INDIA INDUSTRIAL LTD ₹66.49 Cr	Industrial Products	0.38%	0.42%	+0.04%
19	ICICI Prudential Life Insurance Company Limited ₹182.18 Cr	Insurance	1.13%	1.15%	+0.02%
20	HDFC Asset Management Company Limited ₹115.28 Cr	Capital Markets	0.71%	0.73%	+0.02%
21	Oberoi Realty Limited ₹85.37 Cr	Realty	0.52%	0.54%	+0.02%
22	Supreme Industries Limited ₹78.71 Cr	Industrial Products	0.48%	0.50%	+0.02%
23	SKF India Limited ₹58.87 Cr	Auto Components	0.35%	0.37%	+0.02%
24	Swiggy Limited ₹59.67 Cr	Retailing	0.37%	0.38%	+0.01%
25	LIC Housing Finance Limited ₹13.77 Cr	Finance	0.08%	0.09%	+0.01%
26	Brigade Enterprises Limited ₹7.60 Cr	Realty	0.04%	0.05%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Bharti Airtel Limited ₹456.41 Cr	Telecom - Services	3.39%	2.88%	-0.51%
2	Larsen & Toubro Limited ₹781.46 Cr	Construction	5.21%	4.92%	-0.29%
3	HDFC Bank Limited ₹1,425.52 Cr	Banks	9.24%	8.98%	-0.26%
4	Hindustan Aeronautics Limited ₹213.87 Cr	Aerospace & Defense	1.56%	1.35%	-0.21%
5	Ingersoll Rand (India) Limited ₹39.34 Cr	Industrial Products	0.44%	0.25%	-0.19%
6	Maruti Suzuki India Limited ₹666.30 Cr	Automobiles	4.34%	4.20%	-0.14%
7	Hero MotoCorp Limited ₹377.84 Cr	Automobiles	2.51%	2.38%	-0.13%
8	Asian Paints Limited ₹297.37 Cr	Consumer Durables	1.99%	1.87%	-0.12%
9	InterGlobe Aviation Limited ₹296.58 Cr	Transport Services	1.98%	1.87%	-0.11%
10	Shree Cement Limited ₹159.23 Cr	Cement & Cement Products	1.11%	1.00%	-0.11%
11	NTPC Limited ₹345.04 Cr	Power	2.27%	2.17%	-0.10%
12	SBI Life Insurance Company Limited ₹256.43 Cr	Insurance	1.72%	1.62%	-0.10%
13	UltraTech Cement Limited ₹430.81 Cr	Cement & Cement Products	2.78%	2.71%	-0.07%
14	PI Industries Limited ₹82.07 Cr	Fertilizers & Agrochemicals	0.59%	0.52%	-0.07%
15	NHPC Limited ₹75.69 Cr	Power	0.55%	0.48%	-0.07%
16	Page Industries Limited ₹87.79 Cr	Textiles & Apparels	0.61%	0.55%	-0.06%
17	Mahindra & Mahindra Limited ₹437.85 Cr	Automobiles	2.81%	2.76%	-0.05%
18	Reliance Industries Limited ₹850.18 Cr	Petroleum Products	5.40%	5.36%	-0.04%
19	Trent Limited ₹217.15 Cr	Retailing	1.41%	1.37%	-0.04%
20	Siemens Energy India Limited ₹39.33 Cr	Electrical Equipment	0.29%	0.25%	-0.04%
21	Godrej Consumer Products Limited ₹34.02 Cr	Personal Products	0.25%	0.21%	-0.04%
22	Tata Chemicals Limited ₹24.95 Cr	Chemicals & Petrochemicals	0.20%	0.16%	-0.04%
23	Atul Limited ₹103.43 Cr	Chemicals & Petrochemicals	0.68%	0.65%	-0.03%
24	Triveni Turbine Limited ₹119.36 Cr	Electrical Equipment	0.77%	0.75%	-0.02%
25	Gujarat Pipavav Port Limited ₹82.06 Cr	Transport Infrastructure	0.54%	0.52%	-0.02%
26	Ambuja Cements Limited ₹56.68 Cr	Cement & Cement Products	0.38%	0.36%	-0.02%
27	Indian Energy Exchange Limited ₹46.00 Cr	Capital Markets	0.31%	0.29%	-0.02%
28	TVS HOLDINGS LIMTED ₹40.77 Cr	Finance	0.28%	0.26%	-0.02%
29	UTI Asset Management Company Limited ₹28.79 Cr	Capital Markets	0.19%	0.18%	-0.01%
30	Automotive Axles Ltd ₹19.55 Cr	Auto Components	0.13%	0.12%	-0.01%
31	Tata Motors Passenger Vehicles Limited ₹13.97 Cr	Automobiles	0.10%	0.09%	-0.01%

What Stocks Does This Fund Hold?

74 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹1,425.52 Cr	Banks	8.98%
2	ICICI Bank Limited ₹1,217.11 Cr	Banks	7.67%
3	Reliance Industries Limited ₹850.18 Cr	Petroleum Products	5.36%
4	Larsen & Toubro Limited ₹781.46 Cr	Construction	4.92%
5	Maruti Suzuki India Limited ₹666.30 Cr	Automobiles	4.20%
6	Kotak Mahindra Bank Limited ₹612.83 Cr	Banks	3.86%
7	DLF Limited ₹495.82 Cr	Realty	3.12%
8	HDFC Life Insurance Company Limited ₹457.16 Cr	Insurance	2.88%
9	Bharti Airtel Limited ₹456.41 Cr	Telecom - Services	2.88%
10	Mahindra & Mahindra Limited ₹437.85 Cr	Automobiles	2.76%
11	UltraTech Cement Limited ₹430.81 Cr	Cement & Cement Products	2.71%
12	Hero MotoCorp Limited ₹377.84 Cr	Automobiles	2.38%
13	NTPC Limited ₹345.04 Cr	Power	2.17%
14	Hyundai Motor India Ltd ₹332.68 Cr	Automobiles	2.10%
15	Prestige Estates Projects Limited ₹319.32 Cr	Realty	2.01%
16	Asian Paints Limited ₹297.37 Cr	Consumer Durables	1.87%
17	InterGlobe Aviation Limited ₹296.58 Cr	Transport Services	1.87%
18	SBI Life Insurance Company Limited ₹256.43 Cr	Insurance	1.62%
19	Axis Bank Limited ₹227.50 Cr	Banks	1.43%
20	Trent Limited ₹217.15 Cr	Retailing	1.37%
21	Info Edge (India) Limited ₹216.39 Cr	Retailing	1.36%
22	Hindustan Aeronautics Limited ₹213.87 Cr	Aerospace & Defense	1.35%
23	ICICI Prudential Life Insurance Company Limited ₹182.18 Cr	Insurance	1.15%
24	ICICI Lombard General Insurance Company Limited ₹178.08 Cr	Insurance	1.12%
25	Shree Cement Limited ₹159.23 Cr	Cement & Cement Products	1.00%
26	Ashok Leyland Limited ₹158.10 Cr	Agricultural, Commercial & Construction Vehicles	1.00%
27	Cummins India Limited ₹151.92 Cr	Industrial Products	0.96%
28	Siemens Limited ₹132.48 Cr	Electrical Equipment	0.83%
29	Triveni Turbine Limited ₹119.36 Cr	Electrical Equipment	0.75%
30	Tata Motors Ltd ₹117.39 Cr	Agricultural, Commercial & Construction Vehicles	0.74%
31	HDFC Asset Management Company Limited ₹115.28 Cr	Capital Markets	0.73%
32	ABB India Limited ₹114.62 Cr	Electrical Equipment	0.72%
33	Atul Limited ₹103.43 Cr	Chemicals & Petrochemicals	0.65%
34	Page Industries Limited ₹87.79 Cr	Textiles & Apparels	0.55%
35	Avenue Supermarts Limited ₹86.67 Cr	Retailing	0.55%
36	Oberoi Realty Limited ₹85.37 Cr	Realty	0.54%
37	Gujarat Pipavav Port Limited ₹82.06 Cr	Transport Infrastructure	0.52%
38	PI Industries Limited ₹82.07 Cr	Fertilizers & Agrochemicals	0.52%
39	Aarti Industries Limited ₹79.95 Cr	Chemicals & Petrochemicals	0.50%
40	Supreme Industries Limited ₹78.71 Cr	Industrial Products	0.50%
41	NHPC Limited ₹75.69 Cr	Power	0.48%
42	SKF INDIA INDUSTRIAL LTD ₹66.49 Cr	Industrial Products	0.42%
43	Gujarat Narmada Valley Fert. Co. Ltd ₹60.75 Cr	Chemicals & Petrochemicals	0.38%
44	Swiggy Limited ₹59.67 Cr	Retailing	0.38%
45	SKF India Limited ₹58.87 Cr	Auto Components	0.37%
46	Ambuja Cements Limited ₹56.68 Cr	Cement & Cement Products	0.36%
47	Arvind Fashions Limited ₹51.69 Cr	Retailing	0.33%
48	Affle 3i Limited ₹48.18 Cr	IT - Services	0.30%
49	Indian Energy Exchange Limited ₹46.00 Cr	Capital Markets	0.29%
50	Go Digit General Insurance Limited ₹44.92 Cr	Insurance	0.28%
51	TVS HOLDINGS LIMTED ₹40.77 Cr	Finance	0.26%
52	Credit Analysis And Research Ltd. ₹40.23 Cr	Capital Markets	0.25%
53	Indiamart Intermesh Limited ₹40.08 Cr	Retailing	0.25%
54	Ingersoll Rand (India) Limited ₹39.34 Cr	Industrial Products	0.25%
55	Siemens Energy India Limited ₹39.33 Cr	Electrical Equipment	0.25%
56	Godrej Consumer Products Limited ₹34.02 Cr	Personal Products	0.21%
57	UTI Asset Management Company Limited ₹28.79 Cr	Capital Markets	0.18%
58	Life Insurance Corporation Of India ₹27.48 Cr	Insurance	0.17%
59	Tata Chemicals Limited ₹24.95 Cr	Chemicals & Petrochemicals	0.16%
60	Sundaram Finance Limited ₹22.48 Cr	Finance	0.14%
61	Can Fin Homes Limited ₹20.05 Cr	Finance	0.13%
62	Automotive Axles Ltd ₹19.55 Cr	Auto Components	0.12%
63	Bank of Baroda ₹15.88 Cr	Banks	0.10%
64	Birla Corporation Limited ₹15.11 Cr	Cement & Cement Products	0.10%
65	LIC Housing Finance Limited ₹13.77 Cr	Finance	0.09%
66	Tata Motors Passenger Vehicles Limited ₹13.97 Cr	Automobiles	0.09%
67	PNB Housing Finance Limited ₹15.03 Cr	Finance	0.09%
68	Carborundum Universal Limited ₹12.60 Cr	Industrial Products	0.08%
69	ZF Commercial Vehicle Control Systems India Limited ₹9.88 Cr	Auto Components	0.06%
70	Brigade Enterprises Limited ₹7.60 Cr	Realty	0.05%
71	GSPL Transmission Limited ₹3.11 Cr	Gas	0.02%
72	Sobha Limited ₹1.35 Cr	Realty	0.01%
73	State Bank of India ₹5.30 L	Banks	0.00%
74	Britannia Industries Limited ₹1.47 L	Food Products	0.00%