ICICI Prudential Business Cycle Fund
Monthly portfolio · 17 months through May-2026
compared to Apr-2026 · as on May 31,2026
Holdings
82
Scheme AUM
₹15,798 cr
New
8
Exited
6
Increased
16
Reduced
13
| Change | Security | Industry / Rating | Quantity | Δ Qty | % to NAV | Δ % | Market value |
|---|---|---|---|---|---|---|---|
| Increased | HDFC Bank Ltd. INE040A01034 | Banks | 1,96,05,013 | +4,48,562 | 9.24% | -0.11pp | ₹1,460 cr |
| — | ICICI Bank Ltd. INE090A01021 | Banks | 90,09,301 | — | 7.17% | -0.03pp | ₹1,132 cr |
| Reduced | Larsen & Toubro Ltd. INE018A01030 | Construction | 27,58,222 | -20,000 | 7.12% | +0.07pp | ₹1,124 cr |
| Increased | Reliance Industries Ltd. INE002A01018 | Petroleum Products | 65,34,630 | +1,57,326 | 5.46% | -0.31pp | ₹863 cr |
| Increased | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | 4,91,846 | +11,379 | 4.09% | +0.04pp | ₹646 cr |
| — | Axis Bank Ltd. INE238A01034 | Banks | 41,81,886 | — | 3.41% | +0.05pp | ₹538 cr |
| Increased | Kotak Mahindra Bank Ltd. INE237A01036 | Banks | 1,35,85,981 | +8,00,000 | 3.30% | +0.20pp | ₹522 cr |
| Increased | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | 26,93,934 | +50,000 | 3.12% | -0.04pp | ₹493 cr |
| — | Xtrackers Harvest CSI 300 China A-Shares ETF US2330518794 | Financial Services | 14,02,210 | — | 3.05% | +0.06pp | ₹481 cr |
| Reduced | Ultratech Cement Ltd. INE481G01011 | Cement & Cement Products | 3,97,249 | -40,000 | 2.89% | -0.32pp | ₹456 cr |
| — | HDFC Life Insurance Company Ltd. INE795G01014 | Insurance | 76,64,625 | — | 2.89% | +0.04pp | ₹456 cr |
| Reduced | NTPC Ltd. INE733E01010 | Power | 1,15,38,688 | -9,00,000 | 2.83% | -0.31pp | ₹446 cr |
| — | DLF Ltd. INE271C01023 | Realty | 71,74,922 | — | 2.68% | +0.02pp | ₹424 cr |
| — | Asian Paints Ltd. INE021A01026 | Consumer Durables | 13,23,141 | — | 2.24% | +0.19pp | ₹353 cr |
| Increased | Hero Motocorp Ltd. INE158A01026 | Automobiles | 6,66,229 | +20,050 | 2.07% | -0.02pp | ₹327 cr |
| Increased | Hyundai Motor India Ltd. INE0V6F01027 | Automobiles | 15,08,773 | +3,00,829 | 1.84% | +0.45pp | ₹290 cr |
| — | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | 9,48,922 | — | 1.83% | -0.03pp | ₹289 cr |
| — | Interglobe Aviation Ltd. INE646L01027 | Transport Services | 6,21,649 | — | 1.73% | +0.04pp | ₹274 cr |
| — | SBI Life Insurance Company Ltd. INE123W01016 | Insurance | 14,73,303 | — | 1.71% | +0.01pp | ₹270 cr |
| — | Prestige Estates Projects Ltd. INE811K01011 | Realty | 18,55,444 | — | 1.61% | -0.05pp | ₹254 cr |
| Increased | Hindustan Aeronautics Ltd. INE066F01020 | Aerospace & Defense | 5,40,406 | +62,388 | 1.47% | +0.16pp | ₹233 cr |
| Reduced | Cummins India Ltd. INE298A01020 | Industrial Products | 3,22,595 | -2,35,306 | 1.20% | -0.66pp | ₹190 cr |
| — | Bajaj Auto Ltd. INE917I01010 | Automobiles | 1,76,377 | — | 1.17% | +0.05pp | ₹184 cr |
| — | Shree Cements Ltd. INE070A01015 | Cement & Cement Products | 68,996 | — | 1.10% | +0.05pp | ₹174 cr |
| Increased | ICICI Prudential Life Insurance Company Ltd. INE726G01019 | Insurance | 34,23,361 | +6,49,615 | 1.09% | +0.19pp | ₹173 cr |
| Reduced | Page Industries Ltd. INE761H01022 | Textiles & Apparels | 41,023 | -6,944 | 0.99% | -0.12pp | ₹157 cr |
| Reduced | Triveni Turbine Ltd. INE152M01016 | Electrical Equipment | 20,64,503 | -9,50,000 | 0.97% | -0.12pp | ₹153 cr |
| — | Info Edge (India) Ltd. INE663F01032 | Retailing | 15,23,025 | — | 0.96% | +0.02pp | ₹152 cr |
| — | Siemens Ltd. INE003A01024 | Electrical Equipment | 3,63,726 | — | 0.89% | +0.01pp | ₹140 cr |
| Reduced | Oil & Natural Gas Corporation Ltd. INE213A01029 | Oil | 47,66,822 | -5,00,000 | 0.80% | -0.20pp | ₹127 cr |
| — | HDFC Asset Management Company Ltd. INE127D01025 | Capital Markets | 4,39,637 | — | 0.74% | -0.01pp | ₹118 cr |
| Reduced | ABB India Ltd. INE117A01022 | Electrical Equipment | 1,60,052 | -25,000 | 0.73% | -0.11pp | ₹116 cr |
| — | ICICI Lombard General Insurance Company Ltd. INE765G01017 | Insurance | 6,25,649 | — | 0.71% | +0.01pp | ₹112 cr |
| Increased | Trent Ltd. INE849A01020 | Retailing | 2,52,683 | +52,500 | 0.68% | +0.15pp | ₹107 cr |
| — | Ashok Leyland Ltd. INE208A01029 | Agricultural, Commercial & Construction Vehicles | 67,85,648 | — | 0.67% | -0.03pp | ₹105 cr |
| — | NHPC Ltd. INE848E01016 | Power | 1,25,85,952 | — | 0.63% | -0.03pp | ₹99.27 cr |
| — | Atul Ltd. INE100A01010 | Chemicals & Petrochemicals | 1,41,655 | — | 0.61% | +0.00pp | ₹97.11 cr |
| — | Gujarat Pipavav Port Ltd. INE517F01014 | Transport Infrastructure | 58,12,822 | — | 0.58% | +0.01pp | ₹91.46 cr |
| Reduced | Ingersoll - Rand (India) Ltd INE177A01018 | Industrial Products | 1,99,693 | -8,718 | 0.55% | -0.03pp | ₹86.91 cr |
| — | Oberoi Realty Ltd. INE093I01010 | Realty | 4,87,038 | — | 0.53% | +0.01pp | ₹83.14 cr |
| Increased | PI Industries Ltd. INE603J01030 | Fertilizers & Agrochemicals | 2,96,298 | +26,475 | 0.52% | -0.00pp | ₹82.22 cr |
| Reduced | Oil India Ltd. INE274J01014 | Oil | 17,05,204 | -2,50,000 | 0.51% | -0.09pp | ₹81.19 cr |
| New | Hindustan Unilever Ltd. INE030A01027 | Diversified Fmcg | 3,75,000 | — | 0.51% | — | ₹80.76 cr |
| New | Godrej Consumer Products Ltd. INE102D01028 | Personal Products | 7,11,496 | — | 0.46% | — | ₹73.23 cr |
| — | Aarti Industries Ltd. INE769A01020 | Chemicals & Petrochemicals | 15,24,580 | — | 0.46% | -0.03pp | ₹72.42 cr |
| Increased | SIEMENS ENERGY INDIA LTD INE1NPP01017 | Electrical Equipment | 1,68,703 | +1,15,923 | 0.41% | +0.30pp | ₹65.32 cr |
| Increased | SKF India Ltd. INE640A01023 | Auto Components | 3,78,839 | +79,230 | 0.39% | +0.07pp | ₹62.12 cr |
| Increased | Hindustan Petroleum Corporation Ltd. INE094A01015 | Petroleum Products | 14,35,302 | +4,00,000 | 0.36% | +0.11pp | ₹56.53 cr |
| Reduced | Timken India Ltd. INE325A01013 | Industrial Products | 1,51,636 | -1,23,319 | 0.35% | -0.25pp | ₹55.05 cr |
| — | Gujarat Narmada Valley Fertilizers and Chemicals Ltd. INE113A01013 | Chemicals & Petrochemicals | 10,57,003 | — | 0.34% | +0.02pp | ₹53.3 cr |
| Increased | Swiggy Ltd INE00H001014 | Retailing | 20,66,872 | +2,50,000 | 0.34% | +0.03pp | ₹53.3 cr |
| New | 91 Days Treasury Bills IN002026X040 | SOV | 50,00,000 | — | 0.31% | — | ₹49.57 cr |
| New | Britannia Industries Ltd. INE216A01030 | Food Products | 94,252 | — | 0.31% | — | ₹49.05 cr |
| — | Indian Energy Exchange Ltd. INE022Q01020 | Capital Markets | 38,17,691 | — | 0.31% | +0.01pp | ₹48.98 cr |
| New | Go Digit General Insurance Ltd INE03JT01014 | Insurance | 15,95,000 | — | 0.31% | — | ₹48.73 cr |
| — | SKF INDIA Industrial Ltd. INE2J8701016 | Industrial Products | 2,22,885 | — | 0.31% | -0.00pp | ₹48.21 cr |
| — | Honeywell Automation India Ltd. INE671A01010 | Industrial Manufacturing | 13,000 | — | 0.29% | +0.04pp | ₹46.18 cr |
| — | Indiamart Intermesh Ltd. INE933S01016 | Retailing | 2,28,296 | — | 0.29% | -0.01pp | ₹46.02 cr |
| — | Supreme Industries Ltd. INE195A01028 | Industrial Products | 1,26,521 | — | 0.28% | -0.01pp | ₹44.9 cr |
| Reduced | Tata Chemicals Ltd. INE092A01019 | Chemicals & Petrochemicals | 5,82,666 | -17,977 | 0.28% | -0.03pp | ₹44.17 cr |
| — | Affle India Ltd. INE00WC01027 | It - Services | 3,01,512 | — | 0.28% | +0.01pp | ₹44.11 cr |
| — | TVS Holdings Ltd. INE105A01035 | Finance | 30,807 | — | 0.26% | -0.01pp | ₹41.76 cr |
| New | Ambuja Cements Ltd. INE079A01024 | Cement & Cement Products | 8,75,000 | — | 0.25% | — | ₹39.19 cr |
| — | Credit Analysis And Research Ltd. INE752H01013 | Capital Markets | 2,32,649 | — | 0.24% | -0.01pp | ₹37.65 cr |
| — | 182 Days Treasury Bills IN002025Y420 | SOV | 37,00,000 | — | 0.23% | +0.00pp | ₹36.71 cr |
| — | LIC Housing Finance Ltd. INE115A01026 | Finance | 6,40,711 | — | 0.22% | -0.01pp | ₹34.16 cr |
| — | UTI Asset Management Co Ltd INE094J01016 | Capital Markets | 3,30,763 | — | 0.20% | -0.00pp | ₹31.11 cr |
| Reduced | Sobha Ltd. INE671H01015 | Realty | 1,90,231 | -19,769 | 0.17% | -0.02pp | ₹26.97 cr |
| New | Gujarat Gas Ltd. INE844O01030 | Gas | 6,21,987 | — | 0.16% | — | ₹24.95 cr |
| — | Automotive Axles Ltd INE449A01011 | Auto Components | 1,13,076 | — | 0.12% | -0.01pp | ₹19.57 cr |
| — | Can Fin Homes Ltd. INE477A01020 | Finance | 2,24,412 | — | 0.12% | -0.00pp | ₹18.62 cr |
| — | Bank Of Baroda INE028A01039 | Banks | 6,65,543 | — | 0.11% | +0.00pp | ₹17.87 cr |
| — | Tata Motors Passenger Vehicles Ltd. INE155A01022 | Automobiles | 4,52,345 | — | 0.11% | +0.02pp | ₹17.82 cr |
| — | Birla Corporation Ltd. INE340A01012 | Cement & Cement Products | 1,73,172 | — | 0.11% | +0.01pp | ₹17.27 cr |
| — | Tata Motors Ltd. INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | 4,52,345 | — | 0.11% | -0.01pp | ₹17.17 cr |
| — | 182 Days Treasury Bills IN002025Y370 | SOV | 15,00,000 | — | 0.09% | +0.00pp | ₹14.98 cr |
| — | PNB Housing Finance Ltd. INE572E01012 | Finance | 1,30,830 | — | 0.09% | -0.00pp | ₹13.48 cr |
| New | Carborundum Universal Ltd. INE120A01034 | Industrial Products | 1,04,329 | — | 0.07% | — | ₹10.74 cr |
| — | GAIL (India) Ltd. INE129A01019 | Gas | 6,27,304 | — | 0.07% | +0.00pp | ₹10.32 cr |
| Increased | Sundaram Finance Ltd. INE660A01013 | Finance | 15,855 | +10,855 | 0.04% | +0.03pp | ₹6.64 cr |
| — | 91 Days Treasury Bills IN002026X016 | SOV | 3,00,000 | — | 0.02% | +0.00pp | ₹2.98 cr |
| — | Camlin Fine Sciences Ltd. INE052I01032 | Chemicals & Petrochemicals | 50,000 | — | 0.00% | — | ₹0.61 cr |
| Exited | Tata Power Company Ltd. INE245A01021 | Power | — | -13,12,630 | — | -0.37pp | — |
| Exited | Power Grid Corporation Of India Ltd. INE752E01010 | Power | — | -16,95,343 | — | -0.34pp | — |
| Exited | Gujarat State Petronet Ltd. INE246F01010 | Gas | — | -8,08,584 | — | -0.15pp | — |
| Exited | Grindwell Norton Ltd. INE536A01023 | Industrial Products | — | -86,150 | — | -0.09pp | — |
| Exited | 182 Days Treasury Bills IN002025Y321 | SOV | — | -84,00,000 | — | -0.53pp | — |
| Exited | 364 Days Treasury Bills IN002025Z062 | SOV | — | -25,00,000 | — | -0.16pp | — |
Cash & other
| TREPS | 2.05% | ₹324 cr |
| Cash Margin - Derivatives | 0.22% | ₹35.2 cr |
| Net Current Assets | -0.02% | ₹-3.07 cr |