MonitorDirect · Growth
ICICI Prudential Business Cycle Fund
ICICI Prudential Mutual FundEquity Scheme - Sectoral/ Thematic5.7 years
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.
- NAV
- 25.14
- 15 Sept 2026
- 1Y
- -4.4%
- Trailing CAGR
- Upside capture
- +98%
- Vs NIFTY 500 TRI
- Downside capture
- +73%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-4.4%
- 3Y+13.4%
- 5Y+15.0%
- 10Yn/a
- SI+17.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-9.1%
- 3Y+4.9%
- 5Y+12.7%
- 10Yn/a
- Since inception
- +17.7%
- Calendar-day CAGR
- Excess 1Y
- -10.4%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 59
- Vs comparable share classes
- Worst rolling 3Y
- +13.4%
- 653 daily-ending windows
- Median rolling 3Y
- +23.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 163 daily-ending windows
- SIP 3Y XIRR
- +4.9%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 16 Sept 2026.
- 1Y excess
- -2.1%
- Fund minus TRI
- 3Y excess
- +4.0%
- Fund minus TRI
- Upside capture
- +98%
- Benchmark-up months
- Downside capture
- +73%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 8 days
- 89 recovered episodes
- Longest recovery
- 101 days
- Trough to prior peak
- Current spell
- 253 days
- Days below latest peak
- Time below peak
- +82%
- NAV observations
26 Sept 2024 – 9 Jun 2025
Trough 28 Feb 2025 · recovered in 101 days
-14.4%
5 Jan 2026 – open
Trough 30 Mar 2026 · not recovered
-14.1%
17 Jan 2022 – 11 Aug 2022
Trough 20 Jun 2022 · recovered in 52 days
-12.0%
1 Dec 2022 – 15 May 2023
Trough 28 Mar 2023 · recovered in 48 days
-7.8%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
59
Vs category
0
Consistency
94
Risk-adjusted
73
Drawdown
64
Mean
58
Portfolio
31 Aug 2026 · 92 holdings · top 10 are 51.0%.
- Top 5
- 34.0%
- Top 10
- 51.0%
- Largest holding
- 9.0%
- Effective holdings
- 26.2
HDFC Bank Ltd
Financial
9.0%
ICICI Bank Ltd
Financial
7.7%
Repo
Unspecified
7.1%
Reliance Industries Ltd
Energy & Utilities
5.4%
Larsen & Toubro Ltd
Industrials
4.9%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
9 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 100% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- +2.5%
- 3Y
- +14.5%
- Vol
- 12.6%
- Max DD
- -18.4%
- Sharpe
- 0.82
- 3Y win
- +97%
- Lower volatility
- Higher trailing returns
Caveat: Deeper drawdown
Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- -2.5%
- 3Y
- +20.3%
- Vol
- 16.8%
- Max DD
- -42.2%
- Sharpe
- 0.20
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Infrastructure Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +10.4%
- 3Y
- +15.8%
- Vol
- 18.5%
- Max DD
- -53.5%
- Sharpe
- 0.60
- 3Y win
- +66%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Baroda BNP Paribas Energy Opportunities Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- +0.7%
- 3Y
- n/a
- Vol
- 13.8%
- Max DD
- -9.7%
- Sharpe
- 0.33
- 3Y win
- n/a
- Shallower drawdown
Caveat: Higher volatility · Lower trailing returns
Edelweiss Recently Listed IPO Fund
Edelweiss Mutual Fund
- 1Y
- +18.0%
- 3Y
- +17.3%
- Vol
- 18.7%
- Max DD
- -32.3%
- Sharpe
- 0.62
- 3Y win
- +48%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown