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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹14,865.80 Cr

Equity only, excl. debt & cash

Top 5 Weight

34.1%

Moderate

Top 10 Weight

49.5%

Moderate

Changes

4 new · 5 exits

Top Sector

Banks

24.3% of portfolio

📋 What Happened This Month ICICI Prudential Business Cycle Fund Direct Plan Growth made 4 new additions and exited 5 stocks this month. The biggest new buy was Avenue Supermarts Limited (Retailing) at 0.48% weight. Bajaj Auto Limited was the biggest exit (Automobiles), which was held at 1.17%. Among existing holdings, Tata Motors Ltd saw the biggest increase — now at 0.65% of the portfolio. Cummins India Limited was trimmed the most, now at 0.78%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 24.3%. ↓ 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

+0.50%

+0.88%

-2.23%

+1.54%

Latest NAV

₹26.35

14 Jul 2026

52W High

₹27.67

-5% 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

21.2%

+ve in 100% windows

60.6% / 0.2%

3Y Rolling Avg

24.2% 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)

1.09

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.57

Penalises downside volatility only.

Std Deviation (3Y)

12.6%

Lower = more consistent returns.

NAV Chart ₹26.35 14 Jul 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: ₹26.35

Sector Shift Industry allocation month-over-month

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%

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%

🟢

Biggest New Buy

Avenue Supermarts Limited

0.48% weight · Retailing

🔴

Biggest Exit

Bajaj Auto Limited

1.17% was held · Automobiles

↑

Biggest Add

Tata Motors Ltd

+0.54% · now 0.65%

↓

Biggest Trim

Cummins India Limited

-0.42% · now 0.78%

🤝 Other funds also bought this month

ZF Commercial Vehicle Control Systems India Limited 12 funds

Avenue Supermarts Limited 11 funds

Brigade Enterprises Limited 6 funds

Arvind Fashions Limited 2 funds

👋 Other funds also exited

Oil & Natural Gas Corporation Limited 36 funds

Bajaj Auto Limited 25 funds

GAIL (India) Limited 13 funds

Timken India Limited 7 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 4 New Entries 🔴 5 Exits ↑ 21 Increased ↓ 40 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Avenue Supermarts Limited ₹76.81 Cr	Retailing	0.48%
2	Arvind Fashions Limited ₹8.23 Cr	Retailing	0.05%
3	Brigade Enterprises Limited ₹5.80 Cr	Realty	0.04%
4	ZF Commercial Vehicle Control Systems India Limited ₹4.11 Cr	Auto Components	0.03%

#	Stock	Sector	Last Weight (May 2026)
1	Bajaj Auto Limited ₹184.49 Cr	Automobiles	1.17%
2	Oil & Natural Gas Corporation Limited ₹126.51 Cr	Oil	0.80%
3	Timken India Limited ₹55.05 Cr	Industrial Products	0.35%
4	GAIL (India) Limited ₹10.32 Cr	Gas	0.07%
5	Camlin Fine Sciences Ltd ₹61.03 L	Chemicals & Petrochemicals	0.00%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Tata Motors Ltd ₹105.39 Cr	Agricultural, Commercial & Construction Vehicles	0.11%	0.65%	+0.54%
2	ICICI Bank Limited ₹1,238.96 Cr	Banks	7.17%	7.68%	+0.51%
3	HDFC Bank Limited ₹1,571.56 Cr	Banks	9.24%	9.74%	+0.50%
4	Mahindra & Mahindra Limited ₹353.71 Cr	Automobiles	1.83%	2.19%	+0.36%
5	Maruti Suzuki India Limited ₹694.24 Cr	Automobiles	4.09%	4.30%	+0.21%
6	Ashok Leyland Limited ₹141.95 Cr	Agricultural, Commercial & Construction Vehicles	0.67%	0.88%	+0.21%
7	Prestige Estates Projects Limited ₹290.30 Cr	Realty	1.61%	1.80%	+0.19%
8	InterGlobe Aviation Limited ₹304.20 Cr	Transport Services	1.73%	1.89%	+0.16%
9	Supreme Industries Limited ₹69.84 Cr	Industrial Products	0.28%	0.43%	+0.15%
10	Ambuja Cements Limited ₹59.61 Cr	Cement & Cement Products	0.25%	0.37%	+0.12%
11	Trent Limited ₹124.42 Cr	Retailing	0.68%	0.77%	+0.09%
12	SKF INDIA INDUSTRIAL LTD ₹64.45 Cr	Industrial Products	0.31%	0.40%	+0.09%
13	Axis Bank Limited ₹562.76 Cr	Banks	3.41%	3.49%	+0.08%
14	DLF Limited ₹444.88 Cr	Realty	2.68%	2.76%	+0.08%
15	Sundaram Finance Limited ₹16.94 Cr	Finance	0.04%	0.10%	+0.06%
16	PI Industries Limited ₹88.48 Cr	Fertilizers & Agrochemicals	0.52%	0.55%	+0.03%
17	Gujarat Narmada Valley Fert. Co. Ltd ₹57.44 Cr	Chemicals & Petrochemicals	0.34%	0.36%	+0.02%
18	Godrej Consumer Products Limited ₹76.10 Cr	Personal Products	0.46%	0.47%	+0.01%
19	Go Digit General Insurance Limited ₹51.48 Cr	Insurance	0.31%	0.32%	+0.01%
20	Britannia Industries Limited ₹51.29 Cr	Food Products	0.31%	0.32%	+0.01%
21	Carborundum Universal Limited ₹13.41 Cr	Industrial Products	0.07%	0.08%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Cummins India Limited ₹125.98 Cr	Industrial Products	1.20%	0.78%	-0.42%
2	Oil India Limited ₹31.58 Cr	Oil	0.51%	0.20%	-0.31%
3	NTPC Limited ₹411.53 Cr	Power	2.83%	2.55%	-0.28%
4	UltraTech Cement Limited ₹423.39 Cr	Cement & Cement Products	2.89%	2.62%	-0.27%
5	Hindustan Petroleum Corporation Limited ₹16.23 Cr	Petroleum Products	0.36%	0.10%	-0.26%
6	Honeywell Automation India Limited ₹9.93 Cr	Industrial Manufacturing	0.29%	0.06%	-0.23%
7	Page Industries Limited ₹128.34 Cr	Textiles & Apparels	0.99%	0.80%	-0.19%
8	Siemens Limited ₹118.34 Cr	Electrical Equipment	0.89%	0.73%	-0.16%
9	Reliance Industries Limited ₹861.43 Cr	Petroleum Products	5.46%	5.34%	-0.12%
10	Larsen & Toubro Limited ₹1,132.48 Cr	Construction	7.12%	7.02%	-0.10%
11	HDFC Life Insurance Company Limited ₹450.01 Cr	Insurance	2.89%	2.79%	-0.10%
12	SBI Life Insurance Company Limited ₹260.14 Cr	Insurance	1.71%	1.61%	-0.10%
13	Siemens Energy India Limited ₹50.43 Cr	Electrical Equipment	0.41%	0.31%	-0.10%
14	Triveni Turbine Limited ₹142.40 Cr	Electrical Equipment	0.97%	0.88%	-0.09%
15	Ingersoll Rand (India) Limited ₹73.53 Cr	Industrial Products	0.55%	0.46%	-0.09%
16	Asian Paints Limited ₹348.74 Cr	Consumer Durables	2.24%	2.16%	-0.08%
17	Hero MotoCorp Limited ₹324.20 Cr	Automobiles	2.07%	2.01%	-0.06%
18	Hyundai Motor India Ltd ₹287.50 Cr	Automobiles	1.84%	1.78%	-0.06%
19	Sobha Limited ₹18.78 Cr	Realty	0.17%	0.12%	-0.05%
20	Info Edge (India) Limited ₹148.95 Cr	Retailing	0.96%	0.92%	-0.04%
21	Atul Limited ₹91.57 Cr	Chemicals & Petrochemicals	0.61%	0.57%	-0.04%
22	Gujarat Pipavav Port Limited ₹87.83 Cr	Transport Infrastructure	0.58%	0.54%	-0.04%
23	Bharti Airtel Limited ₹498.92 Cr	Telecom - Services	3.12%	3.09%	-0.03%
24	ABB India Limited ₹112.53 Cr	Electrical Equipment	0.73%	0.70%	-0.03%
25	ICICI Lombard General Insurance Company Limited ₹108.97 Cr	Insurance	0.71%	0.68%	-0.03%
26	Oberoi Realty Limited ₹80.86 Cr	Realty	0.53%	0.50%	-0.03%
27	Aarti Industries Limited ₹69.87 Cr	Chemicals & Petrochemicals	0.46%	0.43%	-0.03%
28	Swiggy Limited ₹49.47 Cr	Retailing	0.34%	0.31%	-0.03%
29	Gujarat Gas Limited ₹20.34 Cr	Gas	0.16%	0.13%	-0.03%
30	Shree Cement Limited ₹174.21 Cr	Cement & Cement Products	1.10%	1.08%	-0.02%
31	ICICI Prudential Life Insurance Company Limited ₹171.92 Cr	Insurance	1.09%	1.07%	-0.02%
32	HDFC Asset Management Company Limited ₹116.64 Cr	Capital Markets	0.74%	0.72%	-0.02%
33	Hindustan Unilever Limited ₹79.43 Cr	Diversified FMCG	0.51%	0.49%	-0.02%
34	Indiamart Intermesh Limited ₹43.52 Cr	Retailing	0.29%	0.27%	-0.02%
35	Tata Chemicals Limited ₹41.72 Cr	Chemicals & Petrochemicals	0.28%	0.26%	-0.02%
36	Indian Energy Exchange Limited ₹47.77 Cr	Capital Markets	0.31%	0.30%	-0.01%
37	Affle 3i Limited ₹42.80 Cr	IT - Services	0.28%	0.27%	-0.01%
38	UTI Asset Management Company Limited ₹30.93 Cr	Capital Markets	0.20%	0.19%	-0.01%
39	Tata Motors Passenger Vehicles Limited ₹15.93 Cr	Automobiles	0.11%	0.10%	-0.01%
40	PNB Housing Finance Limited ₹13.59 Cr	Finance	0.09%	0.08%	-0.01%

What Stocks Does This Fund Hold?

76 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹1,571.56 Cr	Banks	9.74%
2	ICICI Bank Limited ₹1,238.96 Cr	Banks	7.68%
3	Larsen & Toubro Limited ₹1,132.48 Cr	Construction	7.02%
4	Reliance Industries Limited ₹861.43 Cr	Petroleum Products	5.34%
5	Maruti Suzuki India Limited ₹694.24 Cr	Automobiles	4.30%
6	Axis Bank Limited ₹562.76 Cr	Banks	3.49%
7	Kotak Mahindra Bank Limited ₹532.91 Cr	Banks	3.30%
8	Bharti Airtel Limited ₹498.92 Cr	Telecom - Services	3.09%
9	HDFC Life Insurance Company Limited ₹450.01 Cr	Insurance	2.79%
10	DLF Limited ₹444.88 Cr	Realty	2.76%
11	UltraTech Cement Limited ₹423.39 Cr	Cement & Cement Products	2.62%
12	NTPC Limited ₹411.53 Cr	Power	2.55%
13	Mahindra & Mahindra Limited ₹353.71 Cr	Automobiles	2.19%
14	Asian Paints Limited ₹348.74 Cr	Consumer Durables	2.16%
15	Hero MotoCorp Limited ₹324.20 Cr	Automobiles	2.01%
16	InterGlobe Aviation Limited ₹304.20 Cr	Transport Services	1.89%
17	Prestige Estates Projects Limited ₹290.30 Cr	Realty	1.80%
18	Hyundai Motor India Ltd ₹287.50 Cr	Automobiles	1.78%
19	SBI Life Insurance Company Limited ₹260.14 Cr	Insurance	1.61%
20	Hindustan Aeronautics Limited ₹236.76 Cr	Aerospace & Defense	1.47%
21	Shree Cement Limited ₹174.21 Cr	Cement & Cement Products	1.08%
22	ICICI Prudential Life Insurance Company Limited ₹171.92 Cr	Insurance	1.07%
23	Info Edge (India) Limited ₹148.95 Cr	Retailing	0.92%
24	Triveni Turbine Limited ₹142.40 Cr	Electrical Equipment	0.88%
25	Ashok Leyland Limited ₹141.95 Cr	Agricultural, Commercial & Construction Vehicles	0.88%
26	Page Industries Limited ₹128.34 Cr	Textiles & Apparels	0.80%
27	Cummins India Limited ₹125.98 Cr	Industrial Products	0.78%
28	Trent Limited ₹124.42 Cr	Retailing	0.77%
29	Siemens Limited ₹118.34 Cr	Electrical Equipment	0.73%
30	HDFC Asset Management Company Limited ₹116.64 Cr	Capital Markets	0.72%
31	ABB India Limited ₹112.53 Cr	Electrical Equipment	0.70%
32	ICICI Lombard General Insurance Company Limited ₹108.97 Cr	Insurance	0.68%
33	Tata Motors Ltd ₹105.39 Cr	Agricultural, Commercial & Construction Vehicles	0.65%
34	NHPC Limited ₹102.36 Cr	Power	0.63%
35	Atul Limited ₹91.57 Cr	Chemicals & Petrochemicals	0.57%
36	PI Industries Limited ₹88.48 Cr	Fertilizers & Agrochemicals	0.55%
37	Gujarat Pipavav Port Limited ₹87.83 Cr	Transport Infrastructure	0.54%
38	Oberoi Realty Limited ₹80.86 Cr	Realty	0.50%
39	Hindustan Unilever Limited ₹79.43 Cr	Diversified FMCG	0.49%
40	Avenue Supermarts Limited ₹76.81 Cr	Retailing	0.48%
41	Godrej Consumer Products Limited ₹76.10 Cr	Personal Products	0.47%
42	Ingersoll Rand (India) Limited ₹73.53 Cr	Industrial Products	0.46%
43	Aarti Industries Limited ₹69.87 Cr	Chemicals & Petrochemicals	0.43%
44	Supreme Industries Limited ₹69.84 Cr	Industrial Products	0.43%
45	SKF INDIA INDUSTRIAL LTD ₹64.45 Cr	Industrial Products	0.40%
46	SKF India Limited ₹63.36 Cr	Auto Components	0.39%
47	Ambuja Cements Limited ₹59.61 Cr	Cement & Cement Products	0.37%
48	Gujarat Narmada Valley Fert. Co. Ltd ₹57.44 Cr	Chemicals & Petrochemicals	0.36%
49	Britannia Industries Limited ₹51.29 Cr	Food Products	0.32%
50	Go Digit General Insurance Limited ₹51.48 Cr	Insurance	0.32%
51	Siemens Energy India Limited ₹50.43 Cr	Electrical Equipment	0.31%
52	Swiggy Limited ₹49.47 Cr	Retailing	0.31%
53	Indian Energy Exchange Limited ₹47.77 Cr	Capital Markets	0.30%
54	Indiamart Intermesh Limited ₹43.52 Cr	Retailing	0.27%
55	Affle 3i Limited ₹42.80 Cr	IT - Services	0.27%
56	TVS HOLDINGS LIMTED ₹42.14 Cr	Finance	0.26%
57	Tata Chemicals Limited ₹41.72 Cr	Chemicals & Petrochemicals	0.26%
58	Credit Analysis And Research Ltd. ₹38.40 Cr	Capital Markets	0.24%
59	LIC Housing Finance Limited ₹36.14 Cr	Finance	0.22%
60	Oil India Limited ₹31.58 Cr	Oil	0.20%
61	UTI Asset Management Company Limited ₹30.93 Cr	Capital Markets	0.19%
62	Gujarat Gas Limited ₹20.34 Cr	Gas	0.13%
63	Automotive Axles Ltd ₹20.01 Cr	Auto Components	0.12%
64	Can Fin Homes Limited ₹19.48 Cr	Finance	0.12%
65	Sobha Limited ₹18.78 Cr	Realty	0.12%
66	Bank of Baroda ₹18.13 Cr	Banks	0.11%
67	Birla Corporation Limited ₹17.01 Cr	Cement & Cement Products	0.11%
68	Sundaram Finance Limited ₹16.94 Cr	Finance	0.10%
69	Tata Motors Passenger Vehicles Limited ₹15.93 Cr	Automobiles	0.10%
70	Hindustan Petroleum Corporation Limited ₹16.23 Cr	Petroleum Products	0.10%
71	PNB Housing Finance Limited ₹13.59 Cr	Finance	0.08%
72	Carborundum Universal Limited ₹13.41 Cr	Industrial Products	0.08%
73	Honeywell Automation India Limited ₹9.93 Cr	Industrial Manufacturing	0.06%
74	Arvind Fashions Limited ₹8.23 Cr	Retailing	0.05%
75	Brigade Enterprises Limited ₹5.80 Cr	Realty	0.04%
76	ZF Commercial Vehicle Control Systems India Limited ₹4.11 Cr	Auto Components	0.03%