Aditya Birla SL Business Cycle Fund
The scheme seeks to provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Growthvine rating: 4/5 — ranked #38 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹16.49 (as of 2026-08-21) |
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| AUM | ₹1,745 Cr |
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| Expense ratio | 1.78% |
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| Riskometer | Very High |
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| Fund manager | Harish Krishnan |
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| Exit load | 1% for redemption within 30 days |
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Performance & risk
| Sharpe ratio | 0.46 |
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| Standard deviation | 14.86% |
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| Max drawdown | -18.14% |
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| Alpha | 0.45 |
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| Beta | 0.96 |
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Over 5 years, captured 93.3% of Nifty 500's upside and 91.7% of its downside.
Market cap allocation
| Large cap | 35.3% |
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| Mid cap | 25.7% |
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| Small cap | 39.1% |
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Concentration
| Top 5 holdings | 16.0% |
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| Top 10 holdings | 28.5% |
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| Total holdings | 59 |
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Top holdings
- ICICI Bank Ltd. — 4.2%
- Federal Bank Ltd. — 3.6%
- BIRLASOFT LIMITED — 2.8%
- R R KABEL LIMITED — 2.8%
- Zensar Technologies Ltd. — 2.7%
- S.J.S. Enterprises Limited — 2.5%
- Karur Vysya Bank Ltd. — 2.5%
- MUTHOOT FINANCE LIMITED — 2.5%
- Shaily Engineering Plastics Ltd. — 2.5%
- TVS Motor Company Ltd. — 2.4%
Top sectors
- Banking & Financial — 17.2%
- Automobile — 11.5%
- Software & Services — 9.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 6.0% | Q2 | #60 of 167 |
| 2025 | 4.6% | Q2 | #59 of 132 |
| 2024 | 18.4% | Q3 | #55 of 86 |
| 2023 | 19.2% | Q4 (Bottom) | #65 of 66 |
| 2022 | 5.0% | Q2 | #26 of 55 |