What is the NAV of ICICI Prudential Business Cycle Fund?

₹24.83 per unit as of 5 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.

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

0.97% a year for the Direct plan, as of 31 Aug 2026.

How large is ICICI Prudential Business Cycle Fund?

₹15,873 crore under management as of 31 Aug 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?

13.85% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 11.84%. Past returns do not predict future returns.

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

13.7% a year – the weakest of 25 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 22.8% 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 5.6 years.

ICICI Prudential Business Cycle Fund

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

NAV

₹24.83

as of 5 Oct 2026

ICICI Prudential Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from ICICI Prudential Mutual Fund managing ₹15,873 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹24.83 as of 5 Oct 2026. The expense ratio is 0.97% a year. Managed by Manish Banthia. This page is factual data only – it carries no rating and no recommendation.

Key facts

Expense ratio: 0.97% / yr; as of 31 Aug 2026
Fund size: ₹15,873 crore; as of 31 Aug 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 5 Oct 2026Benchmark: Nifty 500 TRI

Oct 2021Oct 2026

ICICI Prudential Business Cycle Fund

₹191

+91% on ₹100 over 5.0 yrs

Sectoral/ Thematic average

₹176

+76% on ₹100 over 5.0 yrs

Returns vs category

Window	Fund	Category avg	Gap
3 months	-7.25%	-4.47%	-2.78
6 months	-3.01%	7.56%	-10.57
1 year	-5.91%	-0.10%	-5.81
3 years (CAGR)	13.78%	12.32%	+1.46
5 years (CAGR)	13.85%	11.84%	+2.01

Category average across 119 funds, as of 5 Oct 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): 0.75
Sharpe ratio (5Y): 0.80
Sortino ratio (3Y): 1.15
Standard deviation (3Y): 14.07%
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

-10.3% below peak

Aug 2023Deepest: -13.1%Oct 2026

Where the money actually is

Equity

97.2%

Cash

2.8%

Whole-portfolio split, as of 31 Aug 2026.

What it owns

96 positions · top 10 = 46.8%

Market-cap mix

Large 69.0%Mid 13.4%Small 6.9%Other 10.7%

as of 31 Aug 2026

Holdings by sector

Financial Services(4 in top 10)31.2%
- HDFC Bank Ltd8.98%
- ICICI Bank Ltd7.67%
- Kotak Mahindra Bank Ltd3.86%
- HDFC Life Insurance Co Ltd2.88%
Consumer Cyclical(1 in top 10)15.6%
- Maruti Suzuki India Ltd4.20%
Industrials(1 in top 10)14.5%
- Larsen & Toubro Ltd4.92%
Basic Materials8.3%
Real Estate(1 in top 10)5.7%
- DLF Ltd3.12%
Energy(1 in top 10)5.4%
- Reliance Industries Ltd5.36%
Communication Services4.5%
Utilities2.9%

Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 24.8% vs category 37.4% a year.

Other top holdings

Treps7.07%
Xtrackers Harvest CSI 300 China A ETF2.90%

The businesses it owns

P/E (trailing): 24.6 vs category 25.9
P/B: 3.1 vs category 3.9
Dividend yield: 1.3% vs category 1.1%
Net margin: 18.5% vs category 15.4%
Earnings growth: 11.6%
Avg market cap: ₹2.72 lakh crore

Money in, money out

Net flow, 12 months: +₹1,986 cr
Net flow, 3 months: −₹218 cr

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

Quick answers

What is the NAV of ICICI Prudential Business Cycle Fund?: ₹24.83 per unit as of 5 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
What is the expense ratio of ICICI Prudential Business Cycle Fund?: 0.97% a year for the Direct plan, as of 31 Aug 2026.
How large is ICICI Prudential Business Cycle Fund?: ₹15,873 crore under management as of 31 Aug 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?: 13.85% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 11.84%. Past returns do not predict future returns.
What is the worst 3-year return of ICICI Prudential Business Cycle Fund?: 13.7% a year – the weakest of 25 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 22.8% 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 5.6 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.