COMPARE
ICICI Prudential Business Cycle Fund Direct Plan Growth vs LIC MF Infrastructure Fund-Direct Plan-Growth
ICICI Prudential Business Cycle Fund and LIC MF Infrastructure Fund- are both in the Sectoral/ Thematic category, from ICICI Prudential Asset Management Company Limited and LIC Mutual Fund Asset Management Limited respectively. ICICI Prudential Business Cycle Fund has posted a higher 3-year rolling CAGR. ICICI Prudential Business Cycle Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
ICICI Prudential Business Cycle Fund has the lower direct-plan expense ratio, by 0.32 percentage points.
| ICICI Prudential Business Cycle Fund Direct Plan Growth | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | ICICI Prudential Asset Management Company Limited | LIC Mutual Fund Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty Infrastructure TRI |
| NAV | ₹24.54 (2026-10-28) | ₹59.1519 (2026-10-28) |
| AUM | ₹14,556.59 Cr | ₹1,102.82 Cr |
| Expense Ratio (Direct) | 1.01% | 1.33% |
| Inception | 2020-12-29 | 2008-01-31 |
Returns
ICICI Prudential Business Cycle Fund leads on 3-year rolling CAGR (23.6% vs LIC MF Infrastructure Fund-'s 15.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
LIC MF Infrastructure Fund- has been the more volatile of the two by standard deviation.
| ICICI Prudential Business Cycle Fund Direct Plan Growth | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.43 | 0.58 |
| 3Y Alpha | 4.4893% | 8.7418% |
| 3Y Std Deviation | 12.8078% | 21.1543% |
| 3Y Calmar Ratio | 0.88 | 0.73 |
Portfolio Analytics
LIC MF Infrastructure Fund- carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ICICI Prudential Business Cycle Fund Direct Plan Growth | LIC MF Infrastructure Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 25.2386 | 29.8606 |
| P/B Ratio | - | 7.2862 |
| Dividend Yield | 1.2656% | 0.8311% |
| Active Share | 64.25% | 85.12% |
| Portfolio Turnover | - | 102% |
| YTM | 5.2265% | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ICICI Prudential Business Cycle Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Business Cycle Fund or LIC MF Infrastructure Fund-?
ICICI Prudential Business Cycle Fund's 3-year rolling CAGR of 23.6% is higher than LIC MF Infrastructure Fund-'s 15.6%. ICICI Prudential Business Cycle Fund sits in the 93rd percentile of its category on this metric, versus the 34th percentile for LIC MF Infrastructure Fund- - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Business Cycle Fund or LIC MF Infrastructure Fund-?
ICICI Prudential Business Cycle Fund's direct-plan expense ratio is 0.32 percentage points lower than LIC MF Infrastructure Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ICICI Prudential Business Cycle Fund or LIC MF Infrastructure Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), LIC MF Infrastructure Fund- has been more volatile than ICICI Prudential Business Cycle Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.43 for ICICI Prudential Business Cycle Fund vs 0.58 for LIC MF Infrastructure Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ICICI Prudential Business Cycle Fund or LIC MF Infrastructure Fund-?
ICICI Prudential Business Cycle Fund has ₹14,557 Cr in assets under management, versus ₹1,103 Cr for LIC MF Infrastructure Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ICICI Prudential Business Cycle Fund or LIC MF Infrastructure Fund-?
LIC MF Infrastructure Fund- launched on 2008-01-31, making it older than ICICI Prudential Business Cycle Fund (launched 2020-12-29). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.