ICICI Prudential Business Cycle Fund
Monthly portfolio · 21 months through Sep-2026
compared to Aug-2026 · as on Sep 30,2026
Holdings
84
Scheme AUM
₹14,889 cr
New
7
Exited
8
Increased
7
Reduced
7
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| — | HDFC Bank Ltd. INE040A01034 | Banks | 2,01,06,013 | — | 9.57% | +0.59pp | ₹1,425 cr |
| Reduced | ICICI Bank Ltd. INE090A01021 | Banks | 75,47,780 | -8,23,000 | 6.70% | -0.97pp | ₹998 cr |
| — | Reliance Industries Ltd. INE002A01018 | Petroleum Products | 66,57,661 | — | 5.31% | -0.05pp | ₹790 cr |
| Reduced | Larsen & Toubro Ltd. INE018A01030 | Construction | 17,81,972 | -1,50,000 | 4.50% | -0.42pp | ₹670 cr |
| — | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | 4,91,846 | — | 3.95% | -0.24pp | ₹589 cr |
| Reduced | Kotak Mahindra Bank Ltd. INE237A01036 | Banks | 1,22,81,188 | -23,30,793 | 3.44% | -0.42pp | ₹512 cr |
| — | DLF Ltd. INE271C01023 | Realty | 71,74,922 | — | 3.25% | +0.12pp | ₹484 cr |
| — | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | 25,18,934 | — | 2.97% | +0.10pp | ₹443 cr |
| — | Xtrackers Harvest CSI 300 China A-Shares ETF US2330518794 | Financial Services | 14,02,210 | — | 2.95% | +0.06pp | ₹440 cr |
| — | HDFC Life Insurance Company Ltd. INE795G01014 | Insurance | 84,13,768 | — | 2.95% | +0.07pp | ₹439 cr |
| — | Ultratech Cement Ltd. INE481G01011 | Cement & Cement Products | 3,76,249 | — | 2.77% | +0.05pp | ₹412 cr |
| — | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | 13,34,093 | — | 2.64% | -0.12pp | ₹394 cr |
| — | Hero Motocorp Ltd. INE158A01026 | Automobiles | 6,93,279 | — | 2.44% | +0.06pp | ₹363 cr |
| — | NTPC Ltd. INE733E01010 | Power | 1,05,38,688 | — | 2.28% | +0.11pp | ₹340 cr |
| Increased | Interglobe Aviation Ltd. INE646L01027 | Transport Services | 6,16,649 | +50,000 | 2.06% | +0.20pp | ₹307 cr |
| — | Prestige Estates Projects Ltd. INE811K01011 | Realty | 19,55,444 | — | 1.95% | -0.07pp | ₹290 cr |
| Reduced | Hyundai Motor India Ltd. INE0V6F01027 | Automobiles | 13,28,773 | -1,80,000 | 1.81% | -0.28pp | ₹270 cr |
| — | Asian Paints Ltd. INE021A01026 | Consumer Durables | 11,20,627 | — | 1.81% | -0.07pp | ₹269 cr |
| — | SBI Life Insurance Company Ltd. INE123W01016 | Insurance | 14,73,303 | — | 1.68% | +0.06pp | ₹250 cr |
| — | Axis Bank Ltd. INE238A01034 | Banks | 17,50,011 | — | 1.44% | +0.01pp | ₹215 cr |
| Increased | Info Edge (India) Ltd. INE663F01032 | Retailing | 17,23,025 | +75,000 | 1.41% | +0.05pp | ₹210 cr |
| — | Trent Ltd. INE849A01020 | Retailing | 7,54,010 | — | 1.33% | -0.04pp | ₹198 cr |
| Increased | ICICI Lombard General Insurance Company Ltd. INE765G01017 | Insurance | 12,36,542 | +1,00,000 | 1.32% | +0.20pp | ₹197 cr |
| Increased | Shree Cements Ltd. INE070A01015 | Cement & Cement Products | 73,633 | +5,000 | 1.11% | +0.10pp | ₹165 cr |
| — | ICICI Prudential Life Insurance Company Ltd. INE726G01019 | Insurance | 35,23,361 | — | 1.05% | -0.10pp | ₹156 cr |
| — | Cummins India Ltd. INE298A01020 | Industrial Products | 2,97,595 | — | 0.95% | -0.01pp | ₹142 cr |
| — | Ashok Leyland Ltd. INE208A01029 | Agricultural, Commercial & Construction Vehicles | 90,01,432 | — | 0.93% | -0.06pp | ₹139 cr |
| Reduced | Hindustan Aeronautics Ltd. INE066F01020 | Aerospace & Defense | 2,95,406 | -1,50,000 | 0.93% | -0.42pp | ₹138 cr |
| — | Triveni Turbine Ltd. INE152M01016 | Electrical Equipment | 20,64,503 | — | 0.75% | -0.00pp | ₹111 cr |
| — | HDFC Asset Management Company Ltd. INE127D01025 | Capital Markets | 4,39,637 | — | 0.67% | -0.05pp | ₹100 cr |
| Reduced | TML Commercial Vehicles Ltd. INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 23,65,176 | -1,26,681 | 0.67% | -0.07pp | ₹99.73 cr |
| — | Atul Ltd. INE100A01010 | Chemicals & Petrochemicals | 1,61,805 | — | 0.64% | -0.01pp | ₹95.72 cr |
| — | Page Industries Ltd. INE761H01022 | Textiles & Apparels | 24,523 | — | 0.60% | +0.05pp | ₹89.23 cr |
| — | Avenue Supermarts Ltd. INE192R01011 | Retailing | 2,22,239 | — | 0.57% | +0.02pp | ₹84.48 cr |
| — | Gujarat Pipavav Port Ltd. INE517F01014 | Transport Infrastructure | 48,97,257 | — | 0.55% | +0.03pp | ₹81.66 cr |
| — | Oberoi Realty Ltd. INE093I01010 | Realty | 4,57,038 | — | 0.54% | +0.00pp | ₹80.7 cr |
| — | PI Industries Ltd. INE603J01030 | Fertilizers & Agrochemicals | 3,46,298 | — | 0.54% | +0.02pp | ₹79.99 cr |
| Increased | NHPC Ltd. INE848E01016 | Power | 1,06,15,305 | +7,50,000 | 0.52% | +0.04pp | ₹77.29 cr |
| — | Supreme Industries Ltd. INE195A01028 | Industrial Products | 2,21,157 | — | 0.51% | +0.02pp | ₹76.32 cr |
| — | Aarti Industries Ltd. INE769A01020 | Chemicals & Petrochemicals | 15,24,580 | — | 0.49% | -0.02pp | ₹72.52 cr |
| — | Gujarat Narmada Valley Fertilizers and Chemicals Ltd. INE113A01013 | Chemicals & Petrochemicals | 10,57,003 | — | 0.43% | +0.05pp | ₹63.89 cr |
| Increased | Swiggy Ltd INE00H001014 | Retailing | 22,91,872 | +1,75,000 | 0.39% | +0.01pp | ₹57.32 cr |
| — | SKF India Ltd. INE640A01023 | Auto Components | 3,78,839 | — | 0.38% | +0.01pp | ₹57.2 cr |
| New | Indian Oil Corporation Ltd. INE242A01010 | Petroleum Products | 40,65,354 | — | 0.37% | — | ₹54.85 cr |
| — | Ambuja Cements Ltd. INE079A01024 | Cement & Cement Products | 14,13,000 | — | 0.35% | -0.00pp | ₹52.85 cr |
| New | 182 Days Treasury Bills IN002026Y022 | SOV | 50,00,000 | — | 0.34% | — | ₹49.9 cr |
| New | Power Grid Corporation Of India Ltd. INE752E01010 | Power | 17,50,000 | — | 0.31% | — | ₹45.59 cr |
| — | Affle India Ltd. INE00WC01027 | It - Services | 3,01,512 | — | 0.31% | +0.00pp | ₹45.56 cr |
| — | Go Digit General Insurance Ltd INE03JT01014 | Insurance | 17,45,000 | — | 0.30% | +0.02pp | ₹45.38 cr |
| — | Arvind Fashions Ltd. INE955V01021 | Retailing | 11,42,346 | — | 0.30% | -0.03pp | ₹44.26 cr |
| New | Hindustan Petroleum Corporation Ltd. INE094A01015 | Petroleum Products | 11,99,173 | — | 0.28% | — | ₹42.01 cr |
| — | Indian Energy Exchange Ltd. INE022Q01020 | Capital Markets | 38,17,691 | — | 0.27% | -0.02pp | ₹40.85 cr |
| Increased | Credit Analysis And Research Ltd. INE752H01013 | Capital Markets | 2,42,649 | +10,000 | 0.26% | +0.01pp | ₹39.23 cr |
| — | TVS Holdings Ltd. INE105A01035 | Finance | 30,807 | — | 0.25% | -0.01pp | ₹37.3 cr |
| — | Indiamart Intermesh Ltd. INE933S01016 | Retailing | 2,28,296 | — | 0.25% | -0.00pp | ₹37.19 cr |
| — | Godrej Consumer Products Ltd. INE102D01028 | Personal Products | 3,77,462 | — | 0.22% | +0.00pp | ₹32.08 cr |
| — | 364 Days Treasury Bills IN002025Z286 | SOV | 32,00,000 | — | 0.21% | +0.01pp | ₹31.97 cr |
| — | 91 Days Treasury Bills IN002026X131 | SOV | 31,00,000 | — | 0.21% | +0.01pp | ₹31 cr |
| — | UTI Asset Management Co Ltd INE094J01016 | Capital Markets | 3,30,763 | — | 0.20% | +0.01pp | ₹29.19 cr |
| — | Life Insurance Corporation of India INE0J1Y01017 | Insurance | 6,57,495 | — | 0.17% | +0.00pp | ₹25.98 cr |
| — | Tata Chemicals Ltd. INE092A01019 | Chemicals & Petrochemicals | 3,87,979 | — | 0.16% | +0.00pp | ₹23.72 cr |
| — | Sundaram Finance Ltd. INE660A01013 | Finance | 49,525 | — | 0.14% | +0.00pp | ₹21.57 cr |
| New | Bharat Petroleum Corporation Ltd. INE029A01011 | Petroleum Products | 7,00,000 | — | 0.14% | — | ₹21.22 cr |
| — | Automotive Axles Ltd INE449A01011 | Auto Components | 1,13,076 | — | 0.13% | +0.01pp | ₹19.3 cr |
| — | 182 Days Treasury Bills IN002026Y030 | SOV | 19,00,000 | — | 0.13% | +0.01pp | ₹18.94 cr |
| — | Can Fin Homes Ltd. INE477A01020 | Finance | 2,52,162 | — | 0.12% | -0.00pp | ₹18.14 cr |
| Reduced | SKF INDIA Industrial Ltd. INE2J8701016 | Industrial Products | 57,831 | -1,65,054 | 0.11% | -0.31pp | ₹16.01 cr |
| — | Bank Of Baroda INE028A01039 | Banks | 6,65,543 | — | 0.10% | +0.00pp | ₹15.34 cr |
| — | 91 Days Treasury Bills IN002026X156 | SOV | 15,00,000 | — | 0.10% | +0.01pp | ₹14.97 cr |
| — | PNB Housing Finance Ltd. INE572E01012 | Finance | 1,30,830 | — | 0.10% | +0.00pp | ₹14.65 cr |
| — | Birla Corporation Ltd. INE340A01012 | Cement & Cement Products | 1,73,172 | — | 0.10% | +0.00pp | ₹14.55 cr |
| — | Carborundum Universal Ltd. INE120A01034 | Industrial Products | 1,13,826 | — | 0.10% | +0.02pp | ₹14.26 cr |
| — | LIC Housing Finance Ltd. INE115A01026 | Finance | 2,55,711 | — | 0.09% | +0.00pp | ₹13.56 cr |
| — | Tata Motors Passenger Vehicles Ltd. INE155A01022 | Automobiles | 4,52,345 | — | 0.09% | -0.00pp | ₹12.82 cr |
| — | ZF Commercial Vehicle Control Systems India Ltd INE342J01019 | Auto Components | 39,000 | — | 0.06% | -0.00pp | ₹9.13 cr |
| — | 364 Days Treasury Bills IN002025Z294 | SOV | 9,00,000 | — | 0.06% | +0.00pp | ₹8.98 cr |
| New | Canara HSBC Life Insurance Co Ltd INE01TY01017 | Insurance | 5,28,861 | — | 0.05% | — | ₹7.85 cr |
| — | Brigade Enterprises Ltd. INE791I01019 | Realty | 1,15,934 | — | 0.04% | -0.00pp | ₹6.67 cr |
| — | 364 Days Treasury Bills IN002025Z278 | SOV | 4,00,000 | — | 0.03% | +0.00pp | ₹4 cr |
| — | GSPL India Transco Ltd INE1TUG01013 | Gas | 2,07,329 | — | 0.02% | +0.00pp | ₹2.99 cr |
| New | TVS Holdings Ltd. INE105A04039 | CARE A1 + | 14,17,122 | — | 0.01% | — | ₹1.42 cr |
| — | Sobha Ltd. INE671H01015 | Realty | 10,779 | — | 0.01% | +0.00pp | ₹1.32 cr |
| — | State Bank Of India INE062A01020 | Banks | 500 | — | 0.00% | — | ₹0.05 cr |
| — | Britannia Industries Ltd. INE216A01030 | Food Products | 28 | — | 0.00% | — | ₹0.01 cr |
| Exited | Siemens Ltd. INE003A01024 | Electrical Equipment | — | -3,28,726 | — | -0.83pp | — |
| Exited | ABB India Ltd. INE117A01022 | Electrical Equipment | — | -1,50,052 | — | -0.72pp | — |
| Exited | Ingersoll - Rand (India) Ltd INE177A01018 | Industrial Products | — | -81,147 | — | -0.25pp | — |
| Exited | SIEMENS ENERGY INDIA LTD INE1NPP01017 | Electrical Equipment | — | -1,21,767 | — | -0.25pp | — |
| Exited | 91 Days Treasury Bills IN002026X115 | SOV | — | -23,00,000 | — | -0.14pp | — |
| Exited | 91 Days Treasury Bills IN002026X123 | SOV | — | -11,00,000 | — | -0.07pp | — |
| Exited | 364 Days Treasury Bills IN002025Z252 | SOV | — | -9,00,000 | — | -0.06pp | — |
| Exited | 182 Days Treasury Bills IN002025Y487 | SOV | — | -3,00,000 | — | -0.02pp | — |
Cash & other
| TREPS | 9.56% | ₹1,423 cr |
| Cash Margin - Derivatives | 0.37% | ₹55.2 cr |
| Net Current Assets | -0.17% | ₹-25.1 cr |