ICICI Prudential Business Cycle Fund

Portfolio Structure & Asset Allocation Analysis

ICICI Prudential Business Cycle Fund is a Sectoral / Thematic scheme managed by ICICI Pru MF Mutual Fund. As of disclosures dated May 2026, the scheme holds 77 equity positions with an estimated equity AUM of ₹₹14,856 Cr. The portfolio is anchored by its top conviction bet on HDFC Bank, which commands a weight of 9.24%of the fund's total assets.

From a sector allocation perspective, the fund managers have concentrated their largest bet on Banks, representing 24.70% of the equity portfolio. This is followed by Automobiles (11.81%) and Construction (7.57%). Under SEBI's guidelines and based on its underlying assets, this scheme carries a Very High Risk risk classification.