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ICICI Prudential Business Cycle Fund - Regular Plan - Growth

  • Regular
  • Direct
Category : Sectoral/Thematic
Portfolio Turnover Ratio : 37.00%. Category average turnover ratio is 188.47%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 88.02% | F&O Holdings : 0.00%| Foreign Equity Holdings : 3.30%| Total : 91.32%
No of Stocks : 66 (Category Avg - 44.42) | Large Cap Investments : 62.46%| Mid Cap Investments : 9.45% | Small Cap Investments : 4.33% | Other : 15.07%

Portfolio Summary (as on 30th Sep,2025)

Particulars This Scheme Category
No. of Stocks 66 43.34
Top 5 Stock Weight 34.63% 32.63%
Top 10 Stock Weight 51.78% 49.7%
Top 3 Sector Weight 35.73% 43.81%
Particulars This Scheme Category
Average mcap (Cr) 132090.82 73374.89
Holdings in large cap stocks 62.46% 37.73%
Holdings in mid cap stocks 9.45% 14.7%
Holdings in small cap stocks 4.33% 13%

Top 10 Stocks holding in Portfolio (as on 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Private sector bank 13829 9.77% 0.29% 9.77% (Sep 2025) 7.63% (Oct 2024) 1.45 Cr 9.38 L
ICICI Bank Ltd. Private sector bank 10931.4 7.73% -0.58% 9.31% (Apr 2025) 6.64% (Oct 2024) 81.09 L 0.00
Larsen & Toubro Ltd. Civil construction 9724.1 6.87% 0.01% 7.46% (Feb 2025) 6.15% (Dec 2024) 26.58 L 57.01 k
Reliance Industries Ltd. Refineries & marketing 8649 6.11% -1.43% 7.68% (Jul 2025) 4.88% (Dec 2024) 63.41 L -0.12 Cr
Axis Bank Ltd. Private sector bank 5877.4 4.15% 0.41% 4.15% (Sep 2025) 3.1% (Jan 2025) 51.94 L 3.12 L
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 5721.6 4.04% -0.23% 4.99% (Jan 2025) 3.78% (Oct 2024) 3.57 L -0.37 L
Ultratech Cement Ltd. Cement & cement products 4902.4 3.46% -0.25% 5.06% (Nov 2024) 3.46% (Sep 2025) 4.01 L 0.00
Xtrackers Harvest CSI 300 China A-Shares ETF Foreign equity 4670 3.30% 0.02% 3.36% (Feb 2025) 2.77% (May 2025) 15.96 L 0.00
Cummins India Ltd. Compressors, pumps & diesel engines 4645.6 3.28% -0.03% 3.4% (Jul 2025) 2.79% (Oct 2024) 11.83 L 0.00
Bharti Airtel Ltd. Telecom - cellular & fixed line services 4349.9 3.07% -0.13% 4.63% (Dec 2024) 3.07% (Sep 2025) 23.16 L 0.00
- indicates change in weight in the portfolio. # indicates a new entry.

Complete equity Portfolio (as on 30th Sep,2025)

Help me understand this table
Stock Invested in
Sector
Sector Total
Value(Mn)
% of Total Holdings
1M Change
1Y Highest Holding
1Y Lowest Holding
Quantity
1M Change in Qty
M-Cap
GroupName
HDFC Bank Ltd. Private sector bank 21.65 13829 9.77% 0.29% 9.77% (Sep 2025) 7.63% (Oct 2024) 1.45 Cr 9.38 L Other 15.07
ICICI Bank Ltd. Private sector bank 21.65 10931.4 7.73% -0.58% 9.31% (Apr 2025) 6.64% (Oct 2024) 81.09 L 0.00 Large Cap 62.46
Larsen & Toubro Ltd. Civil construction 6.87 9724.1 6.87% 0.01% 7.46% (Feb 2025) 6.15% (Dec 2024) 26.58 L 57.01 k Large Cap 62.46
Reliance Industries Ltd. Refineries & marketing 6.67 8649 6.11% -1.43% 7.68% (Jul 2025) 4.88% (Dec 2024) 63.41 L -0.12 Cr Large Cap 62.46
Axis Bank Ltd. Private sector bank 21.65 5877.4 4.15% 0.41% 4.15% (Sep 2025) 3.1% (Jan 2025) 51.94 L 3.12 L Large Cap 62.46
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 7.21 5721.6 4.04% -0.23% 4.99% (Jan 2025) 3.78% (Oct 2024) 3.57 L -0.37 L Large Cap 62.46
Ultratech Cement Ltd. Cement & cement products 3.91 4902.4 3.46% -0.25% 5.06% (Nov 2024) 3.46% (Sep 2025) 4.01 L 0.00 Large Cap 62.46
Xtrackers Harvest CSI 300 China A-Shares ETF Foreign equity 3.3 4670 3.30% 0.02% 3.36% (Feb 2025) 2.77% (May 2025) 15.96 L 0.00 Other 15.07
Cummins India Ltd. Compressors, pumps & diesel engines 3.81 4645.6 3.28% -0.03% 3.4% (Jul 2025) 2.79% (Oct 2024) 11.83 L 0.00 Mid Cap 9.45
Bharti Airtel Ltd. Telecom - cellular & fixed line services 3.07 4349.9 3.07% -0.13% 4.63% (Dec 2024) 3.07% (Sep 2025) 23.16 L 0.00 Large Cap 62.46
National Thermal Power Corporation Ltd. Power generation 3.83 4332.7 3.06% 0.29% 3.06% (Sep 2025) 2.19% (Jan 2025) 1.27 Cr 12.00 L Large Cap 62.46
- Hero Motocorp Ltd. 2/3 wheelers 3.39 4003 2.83% 0.00% 2.83% (Sep 2025) 2.29% (Dec 2024) 7.31 L -0.26 L Large Cap 62.46
Mahindra & Mahindra Ltd. Passenger cars & utility vehicles 7.21 3285.2 2.32% -0.40% 2.72% (Jul 2025) 0% (Oct 2024) 9.59 L -2.00 L Large Cap 62.46
Asian Paints (india) Ltd. Paints 2.01 2837.6 2.01% 0.54% 2.01% (Sep 2025) 0% (Oct 2024) 12.08 L 4.15 L Large Cap 62.46
HDFC Life Insurance Company Ltd. Life insurance 4.87 2743.7 1.94% 0.30% 1.94% (Sep 2025) 1.52% (Dec 2024) 36.27 L 7.39 L Large Cap 62.46
DLF Ltd. Residential, commercial projects 2.81 2624.2 1.85% -0.14% 2.29% (Jun 2025) 1.28% (Apr 2025) 36.80 L 0.00 Large Cap 62.46
SBI Life Insurance Co Ltd. Life insurance 4.87 2376.9 1.68% 0.61% 1.68% (Sep 2025) 0.96% (Dec 2024) 13.27 L 5.15 L Large Cap 62.46
Oil & Natural Gas Corporation Ltd. Oil exploration & production 1.8 2308.3 1.63% 1.28% 1.63% (Sep 2025) 0% (Oct 2024) 96.38 L 76.06 L Large Cap 62.46
Vedanta Ltd. Diversified metals 1.43 2017.8 1.43% 0.10% 1.47% (Jun 2025) 0.83% (Apr 2025) 43.32 L 44.00 k Large Cap 62.46
InterGlobe Aviation Ltd. Airline 1.35 1905.3 1.35% -0.06% 2.24% (Feb 2025) 1.35% (Sep 2025) 3.41 L 0.00 Large Cap 62.46
ICICI Prudential Life Insurance Co Ltd. Life insurance 4.87 1654.6 1.17% -0.05% 1.67% (Oct 2024) 1.17% (Sep 2025) 27.80 L 0.00 Large Cap 62.46
Prestige Estates Projects Ltd. Residential, commercial projects 2.81 1364.2 0.96% -0.07% 1.11% (Jun 2025) 0% (Oct 2024) 9.03 L 0.00 Mid Cap 9.45
HDFC Asset Management Co. Ltd. Asset management company 1.12 1270.4 0.90% -0.26% 1.22% (Jul 2025) 0.9% (Sep 2025) 2.30 L -0.59 L Large Cap 62.46
Page Industries Ltd. Garments & apparels 0.85 1203.4 0.85% 0.03% 0.85% (Sep 2025) 0.47% (Oct 2024) 29.58 k 4.46 k Mid Cap 9.45
Hindalco Industries Ltd. Aluminium 0.77 1089.5 0.77% -0.07% 0.94% (Oct 2024) 0.77% (Sep 2025) 14.30 L -1.91 L Large Cap 62.46
NHPC Ltd. Power generation 3.83 1086.4 0.77% 0.06% 0.99% (Mar 2025) 0.13% (Oct 2024) 1.26 Cr 0.00 Mid Cap 9.45
SKF India Ltd. Abrasives & bearings 1.14 1051 0.74% 0.02% 0.74% (Sep 2025) 0% (Oct 2024) 2.23 L 0.00 Small Cap 4.33
Bank Of Baroda Public sector bank 1.13 1004.6 0.71% 0.05% 0.77% (Apr 2025) 0.46% (Nov 2024) 38.85 L 0.00 Large Cap 62.46
Ashok Leyland Ltd. Commercial vehicles 0.68 965.9 0.68% 0.05% 0.68% (Sep 2025) 0% (Oct 2024) 67.70 L 0.00 Mid Cap 9.45
Power Grid Corporation of India Ltd. Power - transmission 0.64 902.7 0.64% -0.01% 1.13% (Oct 2024) 0.53% (May 2025) 32.21 L 0.00 Large Cap 62.46
Indian Energy Exchange Ltd. Exchange and data platform 0.6 842.8 0.60% -0.02% 0.66% (Jun 2025) 0% (Oct 2024) 60.55 L 0.00 Small Cap 4.33
Hyundai Motor India Ltd. Passenger cars & utility vehicles 7.21 823.5 0.58% 0.01% 0.58% (Sep 2025) 0.28% (Oct 2024) 3.19 L 0.00 Other 15.07
Info Edge (India) Ltd. Internet & catalogue retail 0.57 804.1 0.57% 0.10% 0.57% (Sep 2025) 0% (Oct 2024) 6.14 L 1.48 L Other 15.07
- Siemens Ltd. Heavy electrical equipment 1.38 800.1 0.57% -0.01% 1.19% (Nov 2024) 0.57% (Sep 2025) 2.56 L 0.00 Large Cap 62.46
Bajaj Auto Ltd. 2/3 wheelers 3.39 789.7 0.56% -0.02% 0.6% (May 2025) 0% (Oct 2024) 91.00 k 0.00 Large Cap 62.46
Gujarat Pipavav Port Ltd. Port & port services 0.54 762.1 0.54% 0.01% 0.78% (Oct 2024) 0.52% (Apr 2025) 48.23 L 0.00 Small Cap 4.33
- Ingersoll Rand (india) Ltd. Compressors, pumps & diesel engines 3.81 748.4 0.53% 0.00% 0.55% (Jun 2025) 0% (Oct 2024) 1.90 L 0.00 Small Cap 4.33
ABB India Ltd. Heavy electrical equipment 1.38 734.3 0.52% 0.06% 0.52% (Sep 2025) 0% (Oct 2024) 1.42 L 16.85 k Large Cap 62.46
Pi Industries Ltd. Pesticides & agrochemicals 0.5 710.9 0.50% 0.29% 0.5% (Sep 2025) 0% (Oct 2024) 2.02 L 1.25 L Mid Cap 9.45
Union Bank Of India Public sector bank 1.13 596.1 0.42% 0.03% 0.58% (Jun 2025) 0.39% (Aug 2025) 43.03 L 0.00 Mid Cap 9.45
Atul Ltd. Specialty chemicals 0.71 595.7 0.42% -0.03% 0.45% (Aug 2025) 0% (Oct 2024) 98.32 k 0.00 Mid Cap 9.45
Affle India Ltd. It enabled services 0.38 543.9 0.38% -0.01% 0.68% (Mar 2025) 0.38% (Sep 2025) 2.79 L -3.17 k Other 15.07
Gujarat Narmada Valley Fertilisers Chemicals. Ltd. Commodity chemicals 0.56 519 0.37% -0.04% 0.57% (Nov 2024) 0.37% (Sep 2025) 10.57 L 0.00 Small Cap 4.33
3M India Ltd. Diversified 0.37 516.9 0.37% 0.14% 0.37% (Sep 2025) 0.08% (Jun 2025) 17.55 k 7.58 k Mid Cap 9.45
Aarti Industries Ltd. Specialty chemicals 0.71 412.2 0.29% -0.01% 0.42% (Jan 2025) 0% (Oct 2024) 11.00 L 0.00 Mid Cap 9.45
Triveni Turbine Ltd. Heavy electrical equipment 1.38 404.9 0.29% 0.08% 0.29% (Sep 2025) 0% (Oct 2024) 7.80 L 2.36 L Small Cap 4.33
Timken India Ltd. Abrasives & bearings 1.14 403.6 0.29% 0.00% 0.39% (Oct 2024) 0.27% (Apr 2025) 1.34 L 0.00 Small Cap 4.33
TVS Holdings Ltd. Auto components & equipments 0.83 386.6 0.27% 0.01% 0.32% (Oct 2024) 0.22% (Mar 2025) 30.30 k 0.00 Small Cap 4.33
- Tata Motors Ltd. Passenger cars & utility vehicles 7.21 377.8 0.27% -0.01% 1.62% (May 2025) 0.27% (Sep 2025) 5.55 L 0.00 Large Cap 62.46
Shree Cement Ltd. Cement & cement products 3.91 368.6 0.26% -0.33% 1.32% (Feb 2025) 0.26% (Sep 2025) 12.60 k -0.15 L Large Cap 62.46
Amara Raja Batteries Limited Auto components & equipments 0.83 359.9 0.25% -0.01% 0.26% (Aug 2025) 0% (Oct 2024) 3.64 L 0.00 Mid Cap 9.45
Indian Oil Corporation Ltd. Refineries & marketing 6.67 343.3 0.24% 0.01% 0.24% (Sep 2025) 0% (Oct 2024) 22.92 L 0.00 Large Cap 62.46
# UTI Asset Management Co. Pvt. Ltd. Asset management company 1.12 312.3 0.22% 0.22% 0.22% (Sep 2025) 0% (Oct 2024) 2.39 L 2.39 L Other 15.07
Balkrishna Industries Ltd. Tyres & rubber products 0.21 300 0.21% 0.02% 0.25% (Apr 2025) 0% (Oct 2024) 1.31 L 17.04 k Mid Cap 9.45
Birla Corporation Ltd. Cement & cement products 3.91 274.8 0.19% -0.06% 0.4% (May 2025) 0.19% (Sep 2025) 2.25 L -0.54 L Small Cap 4.33
Navin Flourine International Ltd. Commodity chemicals 0.56 267.4 0.19% -0.06% 0.64% (Dec 2024) 0% (Oct 2024) 57.86 k -0.14 L Small Cap 4.33
Gujarat State Petronet Ltd. Gas transmission/marketing 0.18 250.3 0.18% 0.01% 0.27% (Oct 2024) 0.17% (Aug 2025) 8.09 L 0.00 Mid Cap 9.45
Schaeffler India Ltd. Auto components & equipments 0.83 239.8 0.17% 0.01% 0.32% (Feb 2025) 0.16% (Aug 2025) 56.97 k 0.00 Other 15.07
Oil India Ltd. Oil exploration & production 1.8 237.7 0.17% 0.00% 0.17% (Sep 2025) 0% (Oct 2024) 5.74 L 0.00 Mid Cap 9.45
Hindustan Petroleum Corporation Ltd. Refineries & marketing 6.67 230.6 0.16% 0.02% 0.16% (Sep 2025) 0% (Oct 2024) 5.20 L 0.00 Large Cap 62.46
Bharat Petroleum Corporation Ltd. Refineries & marketing 6.67 220.8 0.16% 0.01% 0.72% (Oct 2024) 0% (Oct 2024) 6.50 L 0.00 Large Cap 62.46
- Automotive Axles Ltd. Auto components & equipments 0.83 195.3 0.14% -0.01% 0.14% (Aug 2025) 0% (Oct 2024) 1.13 L 0.00 Small Cap 4.33
# Grindwell Norton Ltd. Abrasives & bearings 1.14 160.7 0.11% 0.11% 0.11% (Sep 2025) 0% (Oct 2024) 1.01 L 1.01 L Small Cap 4.33
- Tata Power Co. Ltd. Integrated power utilities 0.1 143.2 0.10% 0.00% 0.11% (Jul 2025) 0% (Oct 2024) 3.68 L 0.00 Mid Cap 9.45
Life Insurance Corporation Of India Life insurance 4.87 107.3 0.08% 0.00% 0.1% (Nov 2024) 0.07% (Aug 2025) 1.19 L 0.00 Other 15.07
Graphite India Ltd. Electrodes & refractories 0.07 93.1 0.07% 0.00% 0.41% (Oct 2024) 0.06% (Aug 2025) 1.68 L 0.00 Small Cap 4.33
Ambuja Cements Ltd. Cement & cement products 3.91 366.7 0.00% -0.27% - - - - Large Cap 62.46
Heidelberg Cement India Ltd. Cement & cement products 3.91 22.1 0.00% -0.02% - - - - Small Cap 4.33
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1072.5 0.00% -0.79% - - - - Large Cap 62.46
Piramal Pharma Ltd. Pharmaceuticals 219.6 0.00% -0.16% - - - - Other 15.07
- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
# UTI Asset Management Co. Pvt. Ltd. Asset management company 312.3 0.22% 0.22% 0.22% (Sep 2025) 0% (Oct 2024) 2.39 L 239470
# Grindwell Norton Ltd. Abrasives & bearings 160.7 0.11% 0.11% 0.11% (Sep 2025) 0% (Oct 2024) 1.01 L 101150

Stocks removed from Portfolio (in 1 month period ending 30th Sep,2025)

Stock Invested in Sector Value(Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
Ambuja Cements Ltd. Cement & cement products 366.7 0.00% -0.27% 0.58% (Oct 2024) 0% (Oct 2024) 0.00 -651169
Heidelberg Cement India Ltd. Cement & cement products 22.1 0.00% -0.02% 0.18% (Oct 2024) 0% (Oct 2024) 0.00 -107626
Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1072.5 0.00% -0.79% 3.33% (Dec 2024) 0% (Oct 2024) 0.00 -672617
Piramal Pharma Ltd. Pharmaceuticals 219.6 0.00% -0.16% 0.2% (Apr 2025) 0% (Oct 2024) 0.00 -1197222

Trend in stock holdings (Top 15 Holding)

Stock Sep 2025 Aug 2025 Jul 2025 Jun 2025 May 2025 Apr 2025 Mar 2025 Feb 2025 Jan 2025 Dec 2024 Nov 2024 Oct 2024 Sep 2024
HDFC Bank Ltd. 9.77% 9.49% 9.72% 9.19% 9.18% 9.52% 9.41% 9.61% 8.90% 8.65% 8.66% 7.63% 6.49%
ICICI Bank Ltd. 7.73% 8.31% 8.91% 8.70% 9.00% 9.31% 9.15% 8.46% 8.36% 8.46% 8.48% 6.64% 6.40%
Larsen & Toubro Ltd. 6.87% 6.86% 6.89% 6.79% 6.99% 6.66% 7.12% 7.46% 7.04% 6.15% 6.28% 6.16% 6.06%
Reliance Industries Ltd. 6.11% 7.55% 7.68% 6.61% 6.71% 5.25% 5.76% 5.64% 5.58% 4.88% 5.12% 4.89% 4.95%
Ultratech Cement Ltd. 3.47% 3.72% 4.00% 3.95% 3.85% 4.23% 4.45% 4.23% 4.52% 4.33% 5.06% 4.83% 4.97%
Maruti Suzuki India Ltd. 4.04% 4.27% 3.95% 3.89% 4.01% 4.18% 4.08% 4.50% 4.99% 4.36% 4.39% 3.78% 4.33%
Bharti Airtel Ltd. 3.07% 3.21% 3.27% 3.52% 3.38% 3.45% 3.34% 3.81% 3.75% 4.63% 4.39% 4.22% 4.37%
Axis Bank Ltd. 4.15% 3.74% 3.71% 3.95% 3.87% 3.59% 3.47% 3.45% 3.10% 3.26% 3.43% 3.39% 3.52%
Cummins India Ltd. 3.28% 3.32% 3.40% 3.25% 3.25% 3.02% 3.21% 3.09% 2.93% 3.21% 2.82% 2.79% 2.91%
National Thermal Power Corporation Ltd. 3.06% 2.77% 2.86% 2.39% 2.38% 2.25% 2.36% 2.22% 2.19% 2.84% 2.70% 3.06% 3.25%
Hero Motocorp Ltd. 2.83% 2.83% 2.50% 2.49% 2.63% 2.45% 2.48% 2.64% 2.55% 2.29% 2.59% 2.57% 2.77%
Sun Pharmaceutical Industries Ltd. - 0.79% 0.85% 1.91% 2.07% 3.03% 2.26% 2.24% 2.18% 3.33% 3.10% 3.25% 3.31%
InterGlobe Aviation Ltd. 1.35% 1.41% 1.44% 1.61% 1.44% 2.03% 2.21% 2.24% 2.05% 2.03% 1.92% 1.80% 2.03%
DLF Ltd. 1.85% 1.99% 2.23% 2.29% 2.26% 1.28% 1.34% 1.30% 1.40% 1.48% 1.46% 1.46% 1.56%
HDFC Life Insurance Company Ltd. 1.94% 1.63% 1.62% 1.75% 1.73% 1.74% 1.67% 1.59% 1.59% 1.52% 1.60% 1.71% 1.67%
No of Debt Holding 4 (Category Avg - 0.85) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 30th Sep,2025)

Security Type % Weight Category Average
GOI 0.00% 0.02%
T-Bills 1.00% 0.36%
Category - Sectoral/Thematic
Security Type % Weight Category Average
Government Backed 1.00% 0.37%
Low Risk 0.00% 0.00%
Moderate Risk 0.00% 0.00%
High Risk 0.00% 0.00%
Very High Risk 0.00% 0.00%
Others 0.00% 0.00%
Category - Sectoral/Thematic

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument
Type
Sector
Rating
Rating Agency
Value (Mn)
% of Total Holding
Quantity
Bond - T-Bill T-Bills Other 695.58 0.49% 70.00 L
Bond - T-Bill T-Bills Other 496.84 0.35% 50.00 L
Bond - T-Bill T-Bills Other 169.27 0.12% 17.00 L
Bond - T-Bill T-Bills Other 49.94 0.04% 5.00 L
Name Type of Instrument Weight (%)
TREPS TREPS 5.39%
Net Receivables Net Receivables 2.06%
Margin Margin 0.23%

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