ICICI Prudential Business Cycle Fund holds 88 instruments (89.65% equity), led by HDFC Bank Limited (9.24%), ICICI Bank Limited (7.63%) and Reliance Industries Limited (5.4%), as of its 31 July 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 31 July 2026. The fund holds 88 instruments with an equity allocation of 89.65%. 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 47.28% of its portfolio, more diversified than the Thematic category average of 50.4%. Financial Services is its largest sector exposure at 30.82% of net assets, spread across 11 sectors in total. Since its 30 June 2026 disclosure, the fund added 2 new positions and exited 4 positions, with Axis Bank Limited seeing the largest move (-2.16pp to 1.33%).
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 |
|---|---|---|
| Trent Limited | 0.77% → 1.41% | ▲ +0.64 |
| Mahindra & Mahindra Limited | 2.19% → 2.81% | ▲ +0.62 |
| Hero MotoCorp Limited | 2.01% → 2.51% | ▲ +0.5 |
| Info Edge (India) Limited | 0.92% → 1.29% | ▲ +0.37 |
| Bharti Airtel Limited | 3.09% → 3.39% | ▲ +0.3 |
| Hyundai Motor India Limited | 1.78% → 2.04% | ▲ +0.26 |
| Kotak Mahindra Bank Limited | 3.3% → 3.54% | ▲ +0.24 |
| ICICI Lombard General Insurance Company Limited | 0.68% → 0.88% | ▲ +0.2 |
| DLF Limited | 2.76% → 2.93% | ▲ +0.17 |
| UltraTech Cement Limited | 2.62% → 2.78% | ▲ +0.16 |
| Stock | Weight | Change |
|---|---|---|
| Axis Bank Limited | 3.49% → 1.33% | ▼ -2.16 |
| Larsen & Toubro Limited | 7.02% → 5.21% | ▼ -1.81 |
| HDFC Bank Limited | 9.74% → 9.24% | ▼ -0.5 |
| Britannia Industries Limited | 0.32% → 0% | ▼ -0.32 |
| NTPC Limited | 2.55% → 2.27% | ▼ -0.28 |
| Godrej Consumer Products Limited | 0.47% → 0.25% | ▼ -0.22 |
| Page Industries Limited | 0.8% → 0.61% | ▼ -0.19 |
| Asian Paints Limited | 2.16% → 1.99% | ▼ -0.17 |
| LIC Housing Finance Limited | 0.22% → 0.08% | ▼ -0.14 |
| Sobha Limited | 0.12% → 0.01% | ▼ -0.11 |
% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).
| # | Holding | Sector | % to NAV |
|---|---|---|---|
| 1 | HDFC Bank Limited | Financial Services | 9.24% |
| 2 | ICICI Bank Limited | Financial Services | 7.63% |
| 3 | TREPStreps | — | 5.87% |
| 4 | Reliance Industries Limited | Energy | 5.4% |
| 5 | Larsen & Toubro Limited | Industrials | 5.21% |
| 6 | Maruti Suzuki India Limited | Consumer Discretionary | 4.34% |
| 7 | Kotak Mahindra Bank Limited | Financial Services | 3.54% |
| 8 | Bharti Airtel Limited | Telecommunication | 3.39% |
| 9 | DLF Limited | Real Estate | 2.93% |
| 10 | Xtrackers Harvest CSI 300 China A-Shares ETFetf | Financial Services | 2.84% |
| 11 | Mahindra & Mahindra Limited | Consumer Discretionary | 2.81% |
| 12 | HDFC Life Insurance Company Limited | Financial Services | 2.79% |
| 13 | UltraTech Cement Limited | Materials | 2.78% |
| 14 | Hero MotoCorp Limited | Consumer Discretionary | 2.51% |
| 15 | NTPC Limited | Utilities | 2.27% |
| 16 | Hyundai Motor India Limited | Consumer Discretionary | 2.04% |
| 17 | Asian Paints Limited | Consumer Discretionary | 1.99% |
| 18 | InterGlobe Aviation Limited | Services | 1.98% |
| 19 | Prestige Estates Projects Limited | Real Estate | 1.96% |
| 20 | SBI Life Insurance Company Limited | Financial Services | 1.72% |
| 21 | Hindustan Aeronautics Limited | Industrials | 1.56% |
| 22 | Trent Limited | Consumer Discretionary | 1.41% |
| 23 | Axis Bank Limited | Financial Services | 1.33% |
| 24 | Info Edge (India) Limited | Consumer Discretionary | 1.29% |
| 25 | ICICI Prudential Life Insurance Company Limited | Financial Services | 1.13% |
| 26 | SHREE CEMENT LIMITED | Materials | 1.11% |
| 27 | Ashok Leyland Limited | Industrials | 0.93% |
| 28 | ICICI Lombard General Insurance Company Limited | Financial Services | 0.88% |
| 29 | Triveni Turbine Limited | Industrials | 0.77% |
| 30 | Siemens Limited | Industrials | 0.77% |
| 31 | Cummins India Limited | Industrials | 0.76% |
| 32 | ABB India Limited | Industrials | 0.72% |
| 33 | HDFC Asset Management Company Limited | Financial Services | 0.71% |
| 34 | Atul Limited | Materials | 0.68% |
| 35 | Tata Motors Limited | Industrials | 0.68% |
| 36 | Page Industries Limited | Consumer Discretionary | 0.61% |
| 37 | PI Industries Limited | Materials | 0.59% |
| 38 | NHPC Limited | Utilities | 0.55% |
| 39 | Gujarat Pipavav Port Limited | Services | 0.54% |
| 40 | Oberoi Realty Limited | Real Estate | 0.52% |
| 41 | Supreme Industries Limited | Industrials | 0.48% |
| 42 | Cash Margin - Derivativesother | — | 0.47% |
| 43 | Aarti Industries Limited | Materials | 0.46% |
| 44 | Ingersoll Rand (India) Limited | Industrials | 0.44% |
| 45 | Avenue Supermarts Limited | Consumer Discretionary | 0.43% |
| 46 | Ambuja Cements Limited | Materials | 0.38% |
| 47 | SKF India (Industrial) Limited | Industrials | 0.38% |
| 48 | Swiggy Limited | Consumer Discretionary | 0.37% |
| 49 | SKF India Limited | Consumer Discretionary | 0.35% |
| 50 | Gujarat Narmada Valley Fertilizers and Chemicals Limited | Materials | 0.33% |
| 51 | Indian Energy Exchange Limited | Financial Services | 0.31% |
| 52 | Affle 3i Limited | Information Technology | 0.3% |
| 53 | Siemens Energy India Limited | Industrials | 0.29% |
| 54 | TVS Holdings Limited | Financial Services | 0.28% |
| 55 | Go Digit General Insurance Limited | Financial Services | 0.28% |
| 56 | Indiamart Intermesh Limited | Consumer Discretionary | 0.25% |
| 57 | Godrej Consumer Products Limited | Consumer Staples | 0.25% |
| 58 | CARE Ratings Limited | Financial Services | 0.25% |
| 59 | Net Current Assetsother | — | 0.23% |
| 60 | Arvind Fashions Limited | Consumer Discretionary | 0.21% |
| 61 | Tata Chemicals Limited | Materials | 0.2% |
| 62 | 364 Days Treasury Billstbill | — | 0.2% |
| 63 | 91 Days Treasury Billsbond | — | 0.19% |
| 64 | UTI Asset Management Company Limited | Financial Services | 0.19% |
| 65 | Sundaram Finance Limited | Financial Services | 0.14% |
| 66 | 91 Days Treasury Billstbill | — | 0.14% |
| 67 | Can Fin Homes Limited | Financial Services | 0.13% |
| 68 | Automotive Axles Limited | Consumer Discretionary | 0.13% |
| 69 | 182 Days Treasury Billstbill | — | 0.12% |
| 70 | Bank of Baroda | Financial Services | 0.1% |
| 71 | Birla Corporation Limited | Materials | 0.1% |
| 72 | Tata Motors Passenger Vehicles Limited | Consumer Discretionary | 0.1% |
| 73 | 91 Days Treasury Billstbill | — | 0.09% |
| 74 | PNB Housing Finance Limited | Financial Services | 0.09% |
| 75 | LIC Housing Finance Limited | Financial Services | 0.08% |
| 76 | Carborundum Universal Limited | Industrials | 0.08% |
| 77 | Gujarat Gas Limited | Utilities | 0.07% |
| 78 | 91 Days Treasury Billsbond | — | 0.07% |
| 79 | ZF Commercial Vehicle Control Systems India Limited | Consumer Discretionary | 0.06% |
| 80 | 364 Days Treasury Billstbill | — | 0.06% |
| 81 | 364 Days Treasury Billstbill | — | 0.06% |
| 82 | Brigade Enterprises Limited | Real Estate | 0.04% |
| 83 | 364 Days Treasury Billstbill | — | 0.02% |
| 84 | GSPL Transmission Limited | Utilities | 0.02% |
| 85 | 182 Days Treasury Billstbill | — | 0.02% |
| 86 | Sobha Limited | Real Estate | 0.01% |
| 87 | State Bank of India | Financial Services | 0% |
| 88 | Britannia Industries Limited | Consumer Staples | 0% |
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 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.