DSP Business Cycle Fund
The scheme seeks to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle.
Growthvine rating: 3/5 — ranked #81 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹9.74 (as of 2026-10-01) |
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| AUM | ₹1,334 Cr |
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| Expense ratio | 1.82% |
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| Riskometer | Very High |
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| Fund manager | Anish Tawakley |
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| Exit load | 0.5% for redemption within 10 months |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −14.98% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 95.0% of Nifty 500's upside and 101.1% of its downside.
Market cap allocation
| Large cap | 78.5% |
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| Mid cap | 15.9% |
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| Small cap | 5.5% |
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Concentration
| Top 5 holdings | 38.2% |
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| Top 10 holdings | 54.6% |
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| Total holdings | 54 |
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Top holdings
- TREPS / Reverse Repo Investments — 15.2%
- NIFTY Sep26 — 9.9%
- ICICI Bank Ltd. — 9.4%
- HDFC Bank Ltd. — 8.5%
- AXIS Bank Ltd. — 5.8%
- Bharti Airtel Ltd. — 4.6%
- Larsen & Toubro Limited — 4.2%
- Mahindra & Mahindra Ltd. — 3.4%
- Reliance Industries Ltd — 3.4%
- NTPC Limited — 2.8%
Top sectors
- Banking & Financial — 27.7%
- Automobile — 12.3%
- Derivatives — 9.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.2% | Q3 | #99 of 167 |
| 2025 | 2.7% | Q3 | #79 of 132 |