What is the NAV of ICICI Prudential Business Cycle Fund?

₹26.59 per unit as of 20 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.

What is the expense ratio of ICICI Prudential Business Cycle Fund?

0.67% a year for the Direct plan, as of 30 Jun 2026.

How large is ICICI Prudential Business Cycle Fund?

₹16,123 crore under management as of 31 Jul 2026, in the Sectoral/ Thematic category.

How risky is ICICI Prudential Business Cycle Fund?

Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.

What are the 5-year returns of ICICI Prudential Business Cycle Fund?

17.85% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 15.20%. Past returns do not predict future returns.

What is the worst 3-year return of ICICI Prudential Business Cycle Fund?

17.3% a year — the weakest of 25 overlapping 3-year holding periods, beginning 1 Aug 2023. The median was 23.1% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.

Who manages ICICI Prudential Business Cycle Fund?

Manish Banthia, managing this fund for 5.5 years.

ICICI Prudential Business Cycle Fund

ICICI Prudential Mutual FundDirectOpen-endedSectoral/ ThematicRiskometer: Very High Risk

NAV

₹26.59

as of 20 Aug 2026

ICICI Prudential Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from ICICI Prudential Mutual Fund managing ₹16,123 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹26.59 as of 20 Aug 2026. The expense ratio is 0.67% a year. Managed by Manish Banthia. This page is factual data only — it carries no rating and no recommendation.

Key facts

Expense ratio: 0.67% / yr; as of 30 Jun 2026
Fund size: ₹16,123 crore; as of 31 Jul 2026
Exit load: 1%
SIP available: Yes
Launched: 18 Jan 2021
ISIN: INF109KC1P24

₹100 invested, fund vs category

The category line is the average of the funds in this category, built from NYVO’s own NAV data.

Rebased to 100data to 20 Aug 2026Benchmark: Nifty 500 TRI

Aug 2021Aug 2026

ICICI Prudential Business Cycle Fund

₹228

+128% on ₹100 over 5.0 yrs

Sectoral/ Thematic average

₹193

+93% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	2.55%	6.78%	-4.23
6 months	-3.10%	3.68%	-6.78
1 year	1.57%	6.07%	-4.50
3 years (CAGR)	17.37%	16.01%	+1.36
5 years (CAGR)	17.85%	15.20%	+2.65

Category average across 119 funds, as of 21 Aug 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.

Risk, measured

Sharpe ratio (3Y): 0.73
Sharpe ratio (5Y): 0.87
Sortino ratio (3Y): 1.12
Standard deviation (3Y): 14.12%
Deepest fall (5Y): -13.37%

Distance below its own peak

Every dip below 0 is the fund trading under a previous high — how deep and for how long is what a drawdown feels like.

Deepest fall

-13.4%

Right now

-3.9% below peak

Jul 2023Deepest: -13.1%Aug 2026

Where the money actually is

Equity

97.7%

Cash

2.3%

Whole-portfolio split, as of 31 Jul 2026.

What it owns

96 positions · top 10 = 47.3%

Market-cap mix

Large 69.7%Mid 13.4%Small 7.0%Other 9.9%

as of 31 Jul 2026

Holdings by sector

Financial Services(3 in top 10)30.5%
- HDFC Bank Ltd9.24%
- ICICI Bank Ltd7.63%
- Kotak Mahindra Bank Ltd3.54%
Consumer Cyclical(1 in top 10)15.5%
- Maruti Suzuki India Ltd4.34%
Industrials(1 in top 10)14.9%
- Larsen & Toubro Ltd5.21%
Basic Materials8.6%
Real Estate(1 in top 10)5.5%
- DLF Ltd2.93%
Energy(1 in top 10)5.4%
- Reliance Industries Ltd5.40%
Communication Services(1 in top 10)5.2%
- Bharti Airtel Ltd3.39%
Utilities3.2%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 24.8% vs category 37.3% a year.

Other top holdings

Treps5.87%
Xtrackers Harvest CSI 300 China A ETF2.84%

The businesses it owns

P/E (trailing): 25.2 vs category 25.8
P/B: 3.1 vs category 3.8
Dividend yield: 1.3% vs category 1.1%
Net margin: 17.8% vs category 15.4%
Earnings growth: 10.3%
Avg market cap: ₹2.79 lakh crore

Money in, money out

Net flow, 12 months: +₹2,304 cr
Net flow, 3 months: −₹62 cr

as of 31 Jul 2026. Flows follow performance more than they predict it.

Quick answers

What is the NAV of ICICI Prudential Business Cycle Fund?: ₹26.59 per unit as of 20 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of ICICI Prudential Business Cycle Fund?: 0.67% a year for the Direct plan, as of 30 Jun 2026.
How large is ICICI Prudential Business Cycle Fund?: ₹16,123 crore under management as of 31 Jul 2026, in the Sectoral/ Thematic category.
How risky is ICICI Prudential Business Cycle Fund?: Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
What are the 5-year returns of ICICI Prudential Business Cycle Fund?: 17.85% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 15.20%. Past returns do not predict future returns.
What is the worst 3-year return of ICICI Prudential Business Cycle Fund?: 17.3% a year — the weakest of 25 overlapping 3-year holding periods, beginning 1 Aug 2023. The median was 23.1% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
Who manages ICICI Prudential Business Cycle Fund?: Manish Banthia, managing this fund for 5.5 years.

Where this fund sits

Its shelf, all funds

St · Sectoral / thematic →

One sector, one story. The most-launched shelf on the map, by far.

The money map

How big this shelf is in India →

The whole industry sized by real money, from AMFI’s monthly data.

Side by side

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Other Sectoral/ Thematic funds

Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.