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Sectoral / Thematic · ICICI Prudential Mutual Fund · AMFI code 148653ICICI Prudential Business Cycle Fund
Disclosed for 20 months, Jan 2025 to Aug 2026.
Portfolio value
₹15,873 Cr
down ₹250 Cr vs Jul 2026
- Stocks held
- 75
- unchanged
- Top 10 weight
- 46.8%
- of the portfolio in its ten largest
- Cash & debt
- 8.3%
- cash, money market and debt
- Moves this month
- 1 in · 1 out
- added to 10, trimmed 41
ICICI Prudential Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from ICICI Prudential Mutual Fund. In August 2026 it disclosed 75 stocks worth ₹15,873 Cr, down ₹250 Cr from Jul 2026. Its largest positions were HDFC Bank Limited (9.0%), ICICI Bank Limited (7.7%), Reliance Industries Limited (5.4%); the ten largest together made up 46.8% of the portfolio, and Banks was the biggest sector at 24.0% of its equity. Cash and debt stood at 8.3%. Compared with Jul 2026 the fund entered 1 new stock and exited 1.
Against 226 other Sectoral / Thematic funds
Concentration
52%
Top-10 weight is higher than 52% of peers
Breadth
94%
Holds more stocks than 94% of peers
Cash
91%
Holds more cash than 91% of peers
Holdings in August 2026
Download CSVEvery line the fund disclosed, with the change against Jul 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 8.98%
- Δ weight
- down 0.26 pts
- Value
- ₹1,426 Cr
- Δ value
- down ₹63.8 Cr
- Status
- Trimmed
- Weight
- 7.67%
- Δ weight
- up 0.04 pts
- Value
- ₹1,217 Cr
- Δ value
- down ₹13.1 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 7.29%
- Δ weight
- up 0.72 pts
- Value
- ₹1,158 Cr
- Δ value
- up ₹98.4 Cr
- Status
- Added
- Weight
- 5.36%
- Δ weight
- down 0.04 pts
- Value
- ₹850 Cr
- Δ value
- down ₹20.5 Cr
- Status
- Trimmed
- Weight
- 4.92%
- Δ weight
- down 0.29 pts
- Value
- ₹781 Cr
- Δ value
- down ₹58.8 Cr
- Status
- Trimmed
- Weight
- 4.20%
- Δ weight
- down 0.14 pts
- Value
- ₹666 Cr
- Δ value
- down ₹33.8 Cr
- Status
- Trimmed
- Weight
- 3.86%
- Δ weight
- up 0.32 pts
- Value
- ₹613 Cr
- Δ value
- up ₹42.5 Cr
- Status
- Added
- Weight
- 3.12%
- Δ weight
- up 0.19 pts
- Value
- ₹496 Cr
- Δ value
- up ₹22.8 Cr
- Status
- Added
- XTRACKERS HARVEST CSI 500 CHXtrackers Harvest CSI 300 China A-Shares ETF · history in this fund
- Weight
- 2.90%
- Δ weight
- up 0.06 pts
- Value
- ₹460 Cr
- Δ value
- up ₹2.4 Cr
- Status
- Added
- Weight
- 2.88%
- Δ weight
- up 0.09 pts
- Value
- ₹457 Cr
- Δ value
- up ₹7.1 Cr
- Status
- Added
- Weight
- 2.88%
- Δ weight
- down 0.51 pts
- Value
- ₹456 Cr
- Δ value
- down ₹89.6 Cr
- Status
- Trimmed
- Weight
- 2.76%
- Δ weight
- down 0.05 pts
- Value
- ₹438 Cr
- Δ value
- down ₹15.5 Cr
- Status
- Trimmed
- Weight
- 2.71%
- Δ weight
- down 0.06 pts
- Value
- ₹431 Cr
- Δ value
- down ₹17 Cr
- Status
- Trimmed
- Weight
- 2.38%
- Δ weight
- down 0.13 pts
- Value
- ₹378 Cr
- Δ value
- down ₹26.8 Cr
- Status
- Trimmed
- Weight
- 2.17%
- Δ weight
- down 0.10 pts
- Value
- ₹345 Cr
- Δ value
- down ₹20.9 Cr
- Status
- Trimmed
- Weight
- 2.10%
- Δ weight
- up 0.06 pts
- Value
- ₹333 Cr
- Δ value
- up ₹3.7 Cr
- Status
- Added
- Weight
- 2.01%
- Δ weight
- up 0.05 pts
- Value
- ₹319 Cr
- Δ value
- up ₹3.3 Cr
- Status
- Added
- Weight
- 1.87%
- Δ weight
- down 0.12 pts
- Value
- ₹297 Cr
- Δ value
- down ₹23.8 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- down 0.11 pts
- Value
- ₹297 Cr
- Δ value
- down ₹22.3 Cr
- Status
- Trimmed
- Weight
- 1.62%
- Δ weight
- down 0.10 pts
- Value
- ₹256 Cr
- Δ value
- down ₹20.8 Cr
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- up 0.10 pts
- Value
- ₹228 Cr
- Δ value
- up ₹12.3 Cr
- Status
- Added
- Weight
- 1.37%
- Δ weight
- down 0.04 pts
- Value
- ₹217 Cr
- Δ value
- down ₹9.5 Cr
- Status
- Trimmed
- Weight
- 1.36%
- Δ weight
- up 0.07 pts
- Value
- ₹216 Cr
- Δ value
- up ₹8.2 Cr
- Status
- Added
- Weight
- 1.35%
- Δ weight
- down 0.21 pts
- Value
- ₹214 Cr
- Δ value
- down ₹37.2 Cr
- Status
- Trimmed
- Weight
- 1.15%
- Δ weight
- up 0.02 pts
- Value
- ₹182 Cr
- Δ value
- up ₹58 L
- Status
- Held
- Weight
- 1.12%
- Δ weight
- up 0.24 pts
- Value
- ₹178 Cr
- Δ value
- up ₹35.9 Cr
- Status
- Added
- Weight
- 1.00%
- Δ weight
- down 0.11 pts
- Value
- ₹159 Cr
- Δ value
- down ₹20.5 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.07 pts
- Value
- ₹158 Cr
- Δ value
- up ₹8.5 Cr
- Status
- Added
- Weight
- 0.96%
- Δ weight
- up 0.20 pts
- Value
- ₹152 Cr
- Δ value
- up ₹29.1 Cr
- Status
- Added
- Weight
- 0.83%
- Δ weight
- up 0.07 pts
- Value
- ₹132 Cr
- Δ value
- up ₹8.9 Cr
- Status
- Added
- Weight
- 0.75%
- Δ weight
- down 0.02 pts
- Value
- ₹119 Cr
- Δ value
- down ₹4.9 Cr
- Status
- Trimmed
- Weight
- 0.74%
- Δ weight
- up 0.06 pts
- Value
- ₹117 Cr
- Δ value
- up ₹8.5 Cr
- Status
- Added
- Weight
- 0.73%
- Δ weight
- up 0.01 pts
- Value
- ₹115 Cr
- Δ value
- up ₹28 L
- Status
- Held
- Weight
- 0.72%
- Δ weight
- down 0.00 pts
- Value
- ₹115 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 0.65%
- Δ weight
- down 0.02 pts
- Value
- ₹103 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down 0.06 pts
- Value
- ₹87.8 Cr
- Δ value
- down ₹11.2 Cr
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- up 0.12 pts
- Value
- ₹86.7 Cr
- Δ value
- up ₹17.9 Cr
- Status
- Added
- Weight
- 0.54%
- Δ weight
- up 0.02 pts
- Value
- ₹85.4 Cr
- Δ value
- up ₹1.8 Cr
- Status
- Added
- Weight
- 0.52%
- Δ weight
- down 0.07 pts
- Value
- ₹82.1 Cr
- Δ value
- down ₹13.2 Cr
- Status
- Trimmed
- Weight
- 0.52%
- Δ weight
- down 0.02 pts
- Value
- ₹82.1 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 0.50%
- Δ weight
- up 0.04 pts
- Value
- ₹79.9 Cr
- Δ value
- up ₹5.4 Cr
- Status
- Added
- Weight
- 0.50%
- Δ weight
- up 0.02 pts
- Value
- ₹78.7 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 0.48%
- Δ weight
- down 0.07 pts
- Value
- ₹75.7 Cr
- Δ value
- down ₹13.1 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- up 0.04 pts
- Value
- ₹66.5 Cr
- Δ value
- up ₹5.4 Cr
- Status
- Added
- Weight
- 0.38%
- Δ weight
- up 0.05 pts
- Value
- ₹60.8 Cr
- Δ value
- up ₹6.8 Cr
- Status
- Added
- Weight
- 0.38%
- Δ weight
- up 0.00 pts
- Value
- ₹59.7 Cr
- Δ value
- down ₹63 L
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- up 0.02 pts
- Value
- ₹58.9 Cr
- Δ value
- up ₹2.8 Cr
- Status
- Added
- Weight
- 0.36%
- Δ weight
- down 0.02 pts
- Value
- ₹56.7 Cr
- Δ value
- down ₹4.4 Cr
- Status
- Trimmed
- Weight
- 0.33%
- Δ weight
- up 0.12 pts
- Value
- ₹51.7 Cr
- Δ value
- up ₹18.1 Cr
- Status
- Added
- Weight
- 0.30%
- Δ weight
- up 0.01 pts
- Value
- ₹48.2 Cr
- Δ value
- up ₹36 L
- Status
- Added
- Weight
- 0.29%
- Δ weight
- down 0.02 pts
- Value
- ₹46 Cr
- Δ value
- down ₹4.5 Cr
- Status
- Trimmed
- Weight
- 0.28%
- Δ weight
- up 0.01 pts
- Value
- ₹44.9 Cr
- Δ value
- up ₹54 L
- Status
- Added
- Weight
- 0.26%
- Δ weight
- down 0.02 pts
- Value
- ₹40.8 Cr
- Δ value
- down ₹4.6 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- up 0.01 pts
- Value
- ₹40.2 Cr
- Δ value
- up ₹45 L
- Status
- Added
- Weight
- 0.25%
- Δ weight
- down 0.00 pts
- Value
- ₹40.1 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- down 0.19 pts
- Value
- ₹39.3 Cr
- Δ value
- down ₹31.5 Cr
- Status
- Trimmed
- Weight
- 0.25%
- Δ weight
- down 0.05 pts
- Value
- ₹39.3 Cr
- Δ value
- down ₹8.1 Cr
- Status
- Trimmed
- Weight
- 0.21%
- Δ weight
- down 0.04 pts
- Value
- ₹34 Cr
- Δ value
- down ₹6.4 Cr
- Status
- Trimmed
- 364 DAY T-BILLdebt
- Weight
- 0.20%
- Δ weight
- up 0.00 pts
- Value
- ₹31.8 Cr
- Δ value
- up ₹15 L
- Status
- Held
- 91 Day Treasury Billsdebt
- Weight
- 0.19%
- Δ weight
- up 0.00 pts
- Value
- ₹30.9 Cr
- Δ value
- up ₹14 L
- Status
- Held
- Weight
- 0.18%
- Δ weight
- down 0.00 pts
- Value
- ₹28.8 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 0.17%
- Δ weight
- up 0.17 pts
- Value
- ₹27.5 Cr
- Δ value
- up ₹27.5 Cr
- Status
- New
- Weight
- 0.16%
- Δ weight
- down 0.05 pts
- Value
- ₹24.9 Cr
- Δ value
- down ₹8 Cr
- Status
- Trimmed
- 91 Days Treasury Bill 17-Sep-2026debt
- Weight
- 0.14%
- Δ weight
- up 0.00 pts
- Value
- ₹22.9 Cr
- Δ value
- up ₹10 L
- Status
- Held
- Weight
- 0.14%
- Δ weight
- down 0.00 pts
- Value
- ₹22.5 Cr
- Δ value
- down ₹62 L
- Status
- Trimmed
- Weight
- 0.13%
- Δ weight
- down 0.00 pts
- Value
- ₹20.1 Cr
- Δ value
- down ₹64 L
- Status
- Trimmed
- Weight
- 0.12%
- Δ weight
- down 0.00 pts
- Value
- ₹19.5 Cr
- Δ value
- down ₹82 L
- Status
- Trimmed
- 182 Days Tbill (MDdebt
- Weight
- 0.12%
- Δ weight
- up 0.00 pts
- Value
- ₹18.9 Cr
- Δ value
- up ₹9 L
- Status
- Held
- Weight
- 0.10%
- Δ weight
- down 0.00 pts
- Value
- ₹15.9 Cr
- Δ value
- down ₹27 L
- Status
- Trimmed
- Weight
- 0.10%
- Δ weight
- down 0.00 pts
- Value
- ₹15.1 Cr
- Δ value
- down ₹31 L
- Status
- Trimmed
- Weight
- 0.09%
- Δ weight
- up 0.01 pts
- Value
- ₹15 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- 91 Days Tbill (MDdebt
- Weight
- 0.09%
- Δ weight
- up 0.00 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹7 L
- Status
- Held
- Weight
- 0.09%
- Δ weight
- down 0.01 pts
- Value
- ₹14 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Weight
- 0.09%
- Δ weight
- up 0.00 pts
- Value
- ₹13.8 Cr
- Δ value
- up ₹39 L
- Status
- Added
- Weight
- 0.08%
- Δ weight
- up 0.00 pts
- Value
- ₹12.6 Cr
- Δ value
- up ₹49 L
- Status
- Added
- 91 Days Treasury Bill 24-Sep-2026debt
- Weight
- 0.07%
- Δ weight
- up 0.00 pts
- Value
- ₹11 Cr
- Δ value
- up ₹5 L
- Status
- Held
- Weight
- 0.06%
- Δ weight
- up 0.00 pts
- Value
- ₹9.9 Cr
- Δ value
- up ₹46 L
- Status
- Added
- 364 Days Tbill (MDdebt
- Weight
- 0.06%
- Δ weight
- up 0.00 pts
- Value
- ₹9 Cr
- Δ value
- up ₹4 L
- Status
- Held
- 364 Days Tbill (MDdebt
- Weight
- 0.06%
- Δ weight
- up 0.00 pts
- Value
- ₹8.9 Cr
- Δ value
- up ₹4 L
- Status
- Held
- Weight
- 0.05%
- Δ weight
- up 0.01 pts
- Value
- ₹7.6 Cr
- Δ value
- up ₹88 L
- Status
- Added
- 364 DAY T-BILLdebt
- Weight
- 0.03%
- Δ weight
- up 0.00 pts
- Value
- ₹4 Cr
- Δ value
- up ₹2 L
- Status
- Held
- Weight
- 0.02%
- Δ weight
- up 0.00 pts
- Value
- ₹3.1 Cr
- Δ value
- —
- Status
- Held
- 182 Days Tbill (MDdebt
- Weight
- 0.02%
- Δ weight
- up 0.00 pts
- Value
- ₹3 Cr
- Δ value
- up ₹1 L
- Status
- Held
- Weight
- 0.01%
- Δ weight
- down 0.00 pts
- Value
- ₹1.4 Cr
- Δ value
- down ₹13 L
- Status
- Trimmed
- Weight
- 0.00%
- Δ weight
- up 0.00 pts
- Value
- ₹5 L
- Δ value
- up ₹0 L
- Status
- Added
- Weight
- 0.00%
- Δ weight
- down 0.00 pts
- Value
- ₹1 L
- Δ value
- down ₹0 L
- Status
- Trimmed
What changed, Jul 2026 to Aug 2026
New New positions (1)
- Life Insurance Corporation Of India0.2% · ₹27.5 Cr
Exited Exited (1)
- Gujarat Gas Limitedwas 0.1% · ₹11.8 Cr
Added Biggest additions
- Kotak Mahindra Bank Limitedup ₹42.5 Cr (+0.32% pts)
- ICICI Lombard General Insurance Company Limitedup ₹35.9 Cr (+0.24% pts)
- Cummins India Limitedup ₹29.1 Cr (+0.20% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jul 2026, the weight rose most in Insurance (+0.5 pts) and Banks (+0.4 pts), and fell most in Telecom - Services (−0.5 pts) and Construction (−0.3 pts).
- Insurance7.3% → 7.9%+0.5 pts
- Banks23.6% → 24.0%+0.4 pts
- Realty5.9% → 6.2%+0.3 pts
- Retailing4.3% → 4.6%+0.3 pts
- Agricultural, Commercial & Construction Vehicles1.7% → 1.9%+0.2 pts
- Industrial Products2.7% → 2.8%+0.1 pts
- Telecom - Services3.7% → 3.1%−0.5 pts
- Construction5.6% → 5.4%−0.3 pts
- Aerospace & Defense1.7% → 1.5%−0.2 pts
- Automobiles12.8% → 12.6%−0.2 pts
- Cement & Cement Products4.7% → 4.5%−0.2 pts
- Power3.0% → 2.9%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2025 | Feb 2026 | May 2026 | Jul 2026 | Aug 2026 |
|---|---|---|---|---|---|
| Banks | 24.6% | 22.9% | 23.9% | 23.6% | 24.0% |
| Automobiles | 12.3% | 10.7% | 11.4% | 12.8% | 12.6% |
| Insurance | 4.4% | 6.3% | 6.9% | 7.3% | 7.9% |
| Realty | 3.3% | 4.4% | 5.1% | 5.9% | 6.2% |
| Petroleum Products | 8.8% | 5.6% | 6.0% | 5.8% | 5.8% |
| Construction | 7.5% | 7.3% | 7.3% | 5.6% | 5.4% |
| Retailing | 0.5% | 2.1% | 2.3% | 4.3% | 4.6% |
| Cement & Cement Products | 5.3% | 4.5% | 4.5% | 4.7% | 4.5% |
| Financial Services | 3.6% | 3.2% | 3.1% | 3.1% | 3.2% |
| Telecom - Services | 3.5% | 2.8% | 3.2% | 3.7% | 3.1% |
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Aug 2026
8.3%
▲ 0.7 pts vs Jul 2026
- Cash alone
- 7.3%
- cash and net receivables
- A year earlier
- 8.3%
- Aug 2025 · now ▼ 0.1 pts
- Last 12 months
- 2.9% – 9.7%
- lowest to highest · record 9.7% in Mar 2025
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.