ICICI Prudential Business Cycle Fund
ICICI Prudential Business Cycle Fund is a sectoral / thematic fund of ICICI Prudential Asset Management Company Limited with ₹14,837 cr under management. It is ahead of its benchmark (Nifty 500 TRI) in 2 of 3 periods. Its direct plan charges 1.04% a year. Manish Banthia has managed it for 5.7 years.
Has ICICI Prudential Business Cycle Fund beaten its benchmark?
Ahead of its benchmark, Nifty 500 TRI, in 2 of 3 periods in AMFI's figures; −5.49% over the last year against −4.30%.
Period returns
Direct Plan, growth · 3y and longer a year| Period | Fund | Nifty 500 TRI | Ahead |
|---|---|---|---|
| 1 month | −2.35% | −3.60% | — |
| 3 months | −5.20% | −5.03% | — |
| 6 months | −2.57% | −1.83% | — |
| 1 year | −5.49% | −4.06% | −1.43 pts |
| 3 years | +13.65% | +9.27% | +4.38 pts |
| 5 years | +13.59% | +8.00% | +5.59 pts |
| 10 years | — | +12.69% | — |
| Since start from 19 Jan 2021 | +17.30% | — | — |
Official figures
AMFI performance feed, 13 Oct 2026| Period | Direct | Regular | Benchmark | Ahead | Rank |
|---|---|---|---|---|---|
| 1y | −5.49% | −6.33% | −4.30% | −1.19 | 🔒 |
| 3y | +13.63% | +12.55% | +9.33% | +4.30 | 🔒 |
| 5y | +13.58% | +12.35% | +8.24% | +5.34 | 🔒 |
| 10y | — | — | — | — | — |
Value of 100, month-end
Jan 2021 to 13 Oct 2026₹100 put in at the start of Jan 2021 would be ₹253 on 13 Oct 2026, against ₹207 in the Nifty 500 TRI.
What does ICICI Prudential Business Cycle Fund cost?
1.04% a year on the direct plan, 1.86% on the regular plan; 49 of 174 funds in its category charge less.
Who manages ICICI Prudential Business Cycle Fund?
Manish Banthia, since 19 Jan 2021; Manan Tijoriwala, since 29 Aug 2025; Divya Jain, since 1 Jan 2026.
What does ICICI Prudential Business Cycle Fund hold?
85 holdings as of 30 Sep 2026; the ten largest are 45.6% of the fund, the largest HDFC Bank Ltd. at 9.6%.
Mix
Holdings as of 30 Sep 2026Five largest industries
% of fundBy company size
% of equity · SEBI size listsHow does ICICI Prudential Business Cycle Fund score against its category?
Seven scores against funds of its kind, and the warning signs it trips.
Are the companies inside any good?
The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.
How is ICICI Prudential Business Cycle Fund run?
Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.
Which funds hold much the same?
The index it is nearest and the funds whose holdings overlap most.
Funds that hold much the same
% of holdings in commonHow much is in its sponsor's own group?
Holdings in companies of the fund house's sponsor group, beside the index.
Questions people ask
Who manages ICICI Prudential Business Cycle Fund?
Manish Banthia (Comanage) since 19 Jan 2021; Manan Tijoriwala (Comanage) since 29 Aug 2025; Divya Jain (Comanage) since 1 Jan 2026.
What is the expense ratio of ICICI Prudential Business Cycle Fund?
1.04% a year on the direct plan and 1.86% on the regular plan (expense report, Oct 2026).
How has ICICI Prudential Business Cycle Fund done?
Its direct plan returned +13.63% a year over 3 years against +9.33% for its benchmark, Nifty 500 TRI, as of 13 Oct 2026.
See ICICI Prudential Business Cycle Fund beside your own funds in Valarth
