Investment Objective and Approach

The scheme seeks to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. The fund employs a dynamic approach to capture opportunities across various business cycles by strategically allocating assets between different sectors and companies based on their positioning within the economic cycle.

The fund follows a thematic investment strategy focused on capitalizing on business cycle movements. The scheme allows investors to earn returns in different business cycles through a dynamic allocation of funds according to market conditions. This approach enables the fund to potentially benefit from various economic phases by identifying sectors and stocks that are well-positioned during different stages of business cycles.

The fund primarily invests in equity instruments and maintains diversification across multiple sectors including Financial Services, Industrials, Basic Materials, Consumer Cyclical, and Energy sectors among others.

Fund Managers

The fund is managed by a team of experienced fund managers:

Manish Banthia - Fund Manage : 19 · Total AUM. : ₹239,319 Cr. Manish brings extensive experience in equity fund management with oversight of a significant portfolio across multiple schemes.

Anish Tawakley - He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005. ... Mr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi Fund Manage : 5 · Total AUM. : ₹63,790 Cr.

Lalit Kumar - Prior joining to ICICI AMC he has worked with Barclays India - Equity Research, Credit Suisse India - Equity research - Indian financial services sector, ... Mr. Kumar is a PGDM (IIM) and B.Tech in Electrical Engineering (IIT). Prior to joining ICICI Prudential Mutual Fund, he has worked with East Bridge Advisors Pvt. Ltd, Nomura Financial Advisory & Securities, Merrill Lynch and Cypress Semiconductors. Fund Manage : 6 · Total AUM. : ₹10,546 Cr.

About the Fund House (AMC)

ICICI Prudential Mutual Fund is the second-largest mutual fund company in India in terms of Assets Under Management (AUM). It was established in 1993 as ICICI Prudential Asset Management Company Limited (a part of ICICI Group) where Prudential plc, came in as a joint venture (JV) partner. Prudential plc is one of the largest companies in the financial services sector in the United Kingdom (UK). ICICI Bank holds a 51% stake in the JV and Prudential plc has 49%.

With an experience of over two decades, ICICI Prudential Mutual Fund also offers Portfolio Management Services. As of December 2023, the AMC had an AUM of Rs. 6.4 lakh crores.

The AMC has built a strong reputation in the Indian mutual fund industry through consistent performance and innovative product offerings. The partnership between ICICI Bank and Prudential plc brings together local market expertise with international financial services experience.

Should I Invest in ICICI Prudential Business Cycle Fund?

If your target is to generate long-term capital gains, the ICICI Prudential Business Cycle Fund Direct Plan Growth is a good investment option. The scheme allows investors to earn returns in different business cycles through a dynamic allocation of funds according to market conditions. This fund is highly risky. If you think the fund's core investment strategy suits your overall investment goal and individual risk appetite, you may consider investing in the fund.

Key Investment Considerations:

- Risk Profile: The ICICI Prudential Business Cycle Fund Direct Growth is rated Very High risk.

- Fund Size: The AUM (i.e. assets under management) of ICICI Pru Business Cycle Fund is ₹13384.87 Cr as of 25th July 2025.

- Expense Ratio: The expense ratio of ICICI Pru Business Cycle Fund Plan is 0.72 as of 25th July 2025.

- Minimum Investment: Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000.

- Exit Load: The Exit load of ICICI Prudential Business Cycle Fund is Exit load of 1% if redeemed within 1 month.

This fund is suitable for investors with:

- Long-term investment horizon (5+ years)

- High risk tolerance

- Understanding of business cycle dynamics

- Desire for potential capital appreciation through thematic investing

FAQs

What is today's NAV of ICICI Prudential Business Cycle Fund?

The fund currently has an Asset Under Management(AUM) of ₹9,87,232 Cr and the Latest NAV as of 14 Aug 2025 is ₹25.69. The NAV is updated daily after market hours.

What is the AUM of ICICI Prudential Business Cycle Fund?

The AUM (i.e. assets under management) of ICICI Pru Business Cycle Fund is ₹13384.87 Cr as of 25th July 2025.

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

The expense ratio of ICICI Pru Business Cycle Fund Plan is 0.72 as of 25th July 2025. This is the annual fee charged for managing the fund.

What are the returns of ICICI Prudential Business Cycle Fund since inception?

ICICI Prudential Business Cycle Fund Direct - Growth scheme return performance in last 1 year is 8.86%, in last 3 years is 86.43% and 156.64% since scheme launch.

What is the minimum SIP amount to invest in ICICI Prudential Business Cycle Fund?

Minimum SIP Investment is set to ₹100. You can start investing with a very affordable monthly amount.

How do I invest in ICICI Prudential Business Cycle Fund?

You can invest in this fund through Allvest by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum), and making payment online.

How to start a SIP in ICICI Prudential Business Cycle Fund?

Log in to Allvest, search for ICICI Prudential Business Cycle Fund, select SIP option, choose monthly amount (minimum ₹100), set duration, and authorize the mandate for automatic deductions.

How do I automate an SIP in ICICI Prudential Business Cycle Fund?

Through Allvest's auto-invest feature, you can set up automatic SIP investments. Once configured, your chosen amount will be invested automatically at regular intervals without manual intervention.

How can I withdraw/redeem my investment in ICICI Prudential Business Cycle Fund?

You can redeem your investment through Allvest by selecting the fund, choosing redemption amount (partial or full), and submitting the request. The Exit load of ICICI Prudential Business Cycle Fund is Exit load of 1% if redeemed within 1 month.