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 #37 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹15.27 (as of 2026-10-21) |
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| AUM | ₹1,725 Cr |
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| Expense ratio | 1.79% |
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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 | 0.38 |
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| Standard deviation | 15.49% |
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| Max drawdown | −18.14% |
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| Alpha | 1.82 |
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| Beta | 0.96 |
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Over 5 years, captured 96.0% of Nifty 500's upside and 92.9% of its downside.
Market cap allocation
| Large cap | 33.4% |
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| Mid cap | 25.6% |
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| Small cap | 41.1% |
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Concentration
| Top 5 holdings | 15.6% |
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| Top 10 holdings | 28.3% |
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| Total holdings | 58 |
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Top holdings
- ICICI Bank Ltd. — 4.0%
- Federal Bank Ltd. — 3.3%
- Shivalik Bimetal Controls Ltd. — 2.9%
- R R KABEL LIMITED — 2.8%
- BIRLASOFT LIMITED — 2.6%
- Shaily Engineering Plastics Ltd. — 2.6%
- Sai Life Sciences Limited — 2.6%
- Craftsman Automation Limited — 2.5%
- S.J.S. Enterprises Limited — 2.5%
- Karur Vysya Bank Ltd. — 2.5%
Top sectors
- Banking & Financial — 12.9%
- Automobile — 12.0%
- Industrial Products — 9.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −1.8% | Q2 | #52 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 |