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ICICI Prudential Business Cycle Fund


Equity: Thematic

Suitability:

This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.

We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other thematic fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -- -0.73 -0.09 4.82 2.54 -- -- -- -- -- --
S&P BSE 500 TRI -- -0.53 -0.69 2.39 0.07 -- -- -- -- -- --

As on 14-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Business Cycle Fund  | Invest Now
Unrated
Jan-21 -- -- -- 1.90 4,669
ICICI Prudential India Opportunities Fund  | Invest Now
Unrated
Jan-19 81.12 -- -- 2.10 3,564
Axis Special Situations Fund - Regular Plan
Unrated
Dec-20 -- -- -- 2.03 2,323
HDFC Housing Opportunities Fund - Regular Plan  | Invest Online
Unrated
Dec-17 63.16 3.16 -- 2.05 1,772
UTI Transportation and Logistics Fund - Regular Plan  | Invest Online
Unrated
Apr-04 71.39 -2.82 6.07 2.22 1,370

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.76 29-Jan-2021 - 05-Feb-2021 -4.02 10-Mar-2021 - 18-Mar-2021
Month 10.05 25-Jan-2021 - 25-Feb-2021 -6.45 12-Mar-2021 - 12-Apr-2021
Quarter 8.38 28-Jan-2021 - 29-Apr-2021 2.54 12-Feb-2021 - 14-May-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 12.90 22.64 0.38 0.43 -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Apr-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 52.95
Top 5 Stocks (%) 33.94
Top 3 Sectors (%) 59.49
Portfolio P/B Ratio 1.99
Portfolio P/E Ratio 20.32

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,40,121 92,803
Giant (%) 57.24 39.08
Large (%) 23.49 28.90
Mid (%) 13.15 21.57
Small (%) 6.12 13.77
Tiny (%) -- 0.28

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up Larsen & Toubro Construction 17.17 9.52 4.70 9.40
equal Axis Bank Financial 29.18 7.89 4.61 7.79
down Reliance Industries Energy 26.66 7.32 4.44 6.50
equal Bharti Airtel Communication -- 5.42 2.37 5.42
down HDFC Bank Financial 24.03 5.85 1.99 4.84
down ICICI Bank Financial 22.48 4.85 4.50 4.83
equal BPCL Energy 23.88 4.47 1.60 4.34
equal State Bank of India Financial 13.87 3.55 2.36 3.40
up Maruti Suzuki India Automobile 46.38 3.27 0.00 3.27
down Hindalco Inds. Metals 38.69 3.77 2.24 3.16
equal ONGC Energy 156.42 2.74 1.18 2.62
equal SBI Life Insurance Company Financial 67.13 2.62 0.00 2.62
down Tata Steel Metals 18.20 3.18 1.66 2.44
down NTPC Energy 14.37 2.70 1.53 2.32
equal Bank of America Financial -- 1.74
equal Grasim Industries Construction 22.19 1.72 0.00 1.64
up TVS Motor Co. Automobile 48.22 1.62 0.60 1.62
up Conoco Phillips Energy -- 1.52
up GAIL Energy 8.22 1.48 0.73 1.48
equal Cummins India Engineering 35.57 1.32 0.83 1.19
equal Tata Chemicals Chemicals 69.82 1.03 0.00 1.03
down City Union Bank Financial 31.23 0.95 0.00 0.93
equal Tata Motors DVR Automobile -- 0.95 0.55 0.93
equal Gujarat Pipavav Port Services 21.81 0.97 0.35 0.89
up Sun TV Network Services 16.01 0.83 0.00 0.83

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2021

Fund Manager

— Anish Tawakley since 29-Dec-2020

Education: Mr. Tawakley has done PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi

Experience: Prior joining to ICICI AMC he has worked with Barclays India - Equity Research, Credit Suisse India - Equity research - Indian financial services sector,

Funds Managed:

— Ihab Dalwai since 29-Dec-2020

Education: Mr. Dalwai is a Chartered Accountant.

Experience: He is associated with ICICI Prudential AMC since April 2011.

Funds Managed:

— Lalit Kumar since 16-Jan-2021

Education: Mr. Kumar is a PGDM (IIM) and B.Tech in Electrical Engineering (IIT).

Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with East Bridge Advisors Pvt. Ltd, Nomura Financial Advisory & Securities, Merrill Lynch and Cypress Semiconductors.

Funds Managed:

— Manish Banthia since 29-Dec-2020

Education: Mr. Banthia is B.Com, CA and MBA

Experience: He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.

Funds Managed:


-0.73%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 10.8800

IDCW: ₹ 10.8800


Investment Strategy

The scheme seeks to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 18-Jan-2021
Return Since Launch: 8.80%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 4,669 Cr (As on 30-Apr-2021)
Expense: 1.90% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --
Turnover: 2.00%

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over