ICICI Prudential Business Cycle Fund holds 87 instruments (86.2% equity), led by HDFC Bank Limited (9.57%), ICICI Bank Limited (6.7%) and Reliance Industries Limited (5.31%), as of its 30 September 2026 SEBI-mandated monthly disclosure.
This page shows the complete disclosed portfolio of ICICI Prudential Business Cycle Fund, managed by ICICI Prudential Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 87 instruments with an equity allocation of 86.2%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.
ICICI Prudential Business Cycle Fund's top 10 holdings account for 45.41% of its portfolio, more diversified than the Thematic category average of 49.2%. Financial Services is its largest sector exposure at 30.87% of net assets, spread across 11 sectors in total. Since its 31 August 2026 disclosure, the fund added 5 new positions and exited 4 positions, with ICICI Bank Limited seeing the largest move (-0.97pp to 6.7%).
Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.
Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.
| Stock | Weight | Change |
|---|---|---|
| HDFC Bank Limited | 8.98% → 9.57% | ▲ +0.59 |
| ICICI Lombard General Insurance Company Limited | 1.12% → 1.32% | ▲ +0.2 |
| InterGlobe Aviation Limited | 1.87% → 2.06% | ▲ +0.19 |
| DLF Limited | 3.12% → 3.25% | ▲ +0.13 |
| SHREE CEMENT LIMITED | 1% → 1.11% | ▲ +0.11 |
| NTPC Limited | 2.17% → 2.28% | ▲ +0.11 |
| Stock | Weight | Change |
|---|---|---|
| ICICI Bank Limited | 7.67% → 6.7% | ▼ -0.97 |
| Kotak Mahindra Bank Limited | 3.86% → 3.44% | ▼ -0.42 |
| Larsen & Toubro Limited | 4.92% → 4.5% | ▼ -0.42 |
| Hindustan Aeronautics Limited | 1.35% → 0.93% | ▼ -0.42 |
| SKF India (Industrial) Limited | 0.42% → 0.11% | ▼ -0.31 |
| Hyundai Motor India Limited | 2.1% → 1.81% | ▼ -0.29 |
| Maruti Suzuki India Limited | 4.2% → 3.95% | ▼ -0.25 |
| Mahindra & Mahindra Limited | 2.76% → 2.64% | ▼ -0.12 |
| ICICI Prudential Life Insurance Company Limited | 1.15% → 1.05% | ▼ -0.1 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Apr – Sept 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | HDFC Bank Limited | Financial Services | 9.57% |
| 2 | TREPStreps | — | 9.56% |
| 3 | ICICI Bank Limited | Financial Services | 6.7% |
| 4 | Reliance Industries Limited | Energy | 5.31% |
| 5 | Larsen & Toubro Limited | Industrials | 4.5% |
| 6 | Maruti Suzuki India Limited | Consumer Discretionary | 3.95% |
| 7 | Kotak Mahindra Bank Limited | Financial Services | 3.44% |
| 8 | DLF Limited | Real Estate | 3.25% |
| 9 | Bharti Airtel Limited | Telecommunication | 2.97% |
| 10 | Xtrackers Harvest CSI 300 China A-Shares ETFetf | Financial Services | 2.95% |
| 11 | HDFC Life Insurance Company Limited | Financial Services | 2.95% |
| 12 | UltraTech Cement Limited | Materials | 2.77% |
| 13 | Mahindra & Mahindra Limited | Consumer Discretionary | 2.64% |
| 14 | Hero MotoCorp Limited | Consumer Discretionary | 2.44% |
| 15 | NTPC Limited | Utilities | 2.28% |
| 16 | InterGlobe Aviation Limited | Services | 2.06% |
| 17 | Prestige Estates Projects Limited | Real Estate | 1.95% |
| 18 | Hyundai Motor India Limited | Consumer Discretionary | 1.81% |
| 19 | Asian Paints Limited | Consumer Discretionary | 1.81% |
| 20 | SBI Life Insurance Company Limited | Financial Services | 1.68% |
| 21 | Axis Bank Limited | Financial Services | 1.44% |
| 22 | Info Edge (India) Limited | Consumer Discretionary | 1.41% |
| 23 | Trent Limited | Consumer Discretionary | 1.33% |
| 24 | ICICI Lombard General Insurance Company Limited | Financial Services | 1.32% |
| 25 | SHREE CEMENT LIMITED | Materials | 1.11% |
| 26 | ICICI Prudential Life Insurance Company Limited | Financial Services | 1.05% |
| 27 | Cummins India Limited | Industrials | 0.95% |
| 28 | Ashok Leyland Limited | Industrials | 0.93% |
| 29 | Hindustan Aeronautics Limited | Industrials | 0.93% |
| 30 | Triveni Turbine Limited | Industrials | 0.75% |
| 31 | HDFC Asset Management Company Limited | Financial Services | 0.67% |
| 32 | Tata Motors Limited | Industrials | 0.67% |
| 33 | Atul Limited | Materials | 0.64% |
| 34 | Page Industries Limited | Consumer Discretionary | 0.6% |
| 35 | Avenue Supermarts Limited | Consumer Discretionary | 0.57% |
| 36 | Gujarat Pipavav Port Limited | Services | 0.55% |
| 37 | Oberoi Realty Limited | Real Estate | 0.54% |
| 38 | PI Industries Limited | Materials | 0.54% |
| 39 | NHPC Limited | Utilities | 0.52% |
| 40 | Supreme Industries Limited | Industrials | 0.51% |
| 41 | Aarti Industries Limited | Materials | 0.49% |
| 42 | Gujarat Narmada Valley Fertilizers and Chemicals Limited | Materials | 0.43% |
| 43 | Swiggy Limited | Consumer Discretionary | 0.39% |
| 44 | SKF India Limited | Consumer Discretionary | 0.38% |
| 45 | Cash Margin - Derivativesother | — | 0.37% |
| 46 | Indian Oil Corporation Limited | Energy | 0.37% |
| 47 | Ambuja Cements Limited | Materials | 0.35% |
| 48 | 182 Days Treasury Billstbill | — | 0.34% |
| 49 | Power Grid Corporation of India Limited | Utilities | 0.31% |
| 50 | Affle 3i Limited | Information Technology | 0.31% |
| 51 | Go Digit General Insurance Limited | Financial Services | 0.3% |
| 52 | Arvind Fashions Limited | Consumer Discretionary | 0.3% |
| 53 | Hindustan Petroleum Corporation Limited | Energy | 0.28% |
| 54 | Indian Energy Exchange Limited | Financial Services | 0.27% |
| 55 | CARE Ratings Limited | Financial Services | 0.26% |
| 56 | TVS Holdings Limited | Financial Services | 0.25% |
| 57 | Indiamart Intermesh Limited | Consumer Discretionary | 0.25% |
| 58 | Godrej Consumer Products Limited | Consumer Staples | 0.22% |
| 59 | 364 Days Treasury Billstbill | — | 0.21% |
| 60 | 91 Days Treasury Billstbill | — | 0.21% |
| 61 | UTI Asset Management Company Limited | Financial Services | 0.2% |
| 62 | Life Insurance Corporation Of India | Financial Services | 0.17% |
| 63 | Tata Chemicals Limited | Materials | 0.16% |
| 64 | Sundaram Finance Limited | Financial Services | 0.14% |
| 65 | Bharat Petroleum Corporation Limited | Energy | 0.14% |
| 66 | Automotive Axles Limited | Consumer Discretionary | 0.13% |
| 67 | 182 Days Treasury Billstbill | — | 0.13% |
| 68 | Can Fin Homes Limited | Financial Services | 0.12% |
| 69 | SKF India (Industrial) Limited | Industrials | 0.11% |
| 70 | Bank of Baroda | Financial Services | 0.1% |
| 71 | 91 Days Treasury Billstbill | — | 0.1% |
| 72 | PNB Housing Finance Limited | Financial Services | 0.1% |
| 73 | Birla Corporation Limited | Materials | 0.1% |
| 74 | Carborundum Universal Limited | Industrials | 0.1% |
| 75 | LIC Housing Finance Limited | Financial Services | 0.09% |
| 76 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.09% |
| 77 | ZF Commercial Vehicle Control Systems India Limited | Consumer Discretionary | 0.06% |
| 78 | 364 Days Treasury Billstbill | — | 0.06% |
| 79 | Canara HSBC Life Insurance Company Limited | Financial Services | 0.05% |
| 80 | Brigade Enterprises Limited | Real Estate | 0.04% |
| 81 | 364 Days Treasury Billstbill | — | 0.03% |
| 82 | GSPL TRANSMISSION LTD | Utilities | 0.02% |
| 83 | TVS Motor Company Ltd 6.00% (Cumulative Non-Convertible Redeemable Preference Share)bond | — | 0.01% |
| 84 | Sobha Limited | Real Estate | 0.01% |
| 85 | State Bank of India | Financial Services | 0% |
| 86 | Britannia Industries Limited | Consumer Staples | 0% |
| 87 | Net Current Assetsother | — | -0.17% |
New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.
Source: ICICI Prudential Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.