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 #78 of 179 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹10.46 (as of 2026-08-21) |
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| AUM | ₹1,268 Cr |
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| Expense ratio | 1.83% |
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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 97.5% of Nifty 500's upside and 102.9% of its downside.
Market cap allocation
| Large cap | 78.8% |
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| Mid cap | 16.4% |
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| Small cap | 4.7% |
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Concentration
| Top 5 holdings | 36.6% |
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| Top 10 holdings | 54.2% |
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| Total holdings | 47 |
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Top holdings
- TREPS / Reverse Repo Investments — 13.9%
- ICICI Bank Ltd. — 9.4%
- HDFC Bank Ltd. — 9.0%
- NIFTY Aug26 — 7.9%
- AXIS Bank Ltd. — 5.7%
- Bharti Airtel Ltd. — 4.5%
- Larsen & Toubro Limited — 4.3%
- Mahindra & Mahindra Ltd. — 3.7%
- Reliance Industries Ltd — 3.6%
- NTPC Limited — 3.1%
Top sectors
- Banking & Financial — 29.3%
- Automobile — 13.1%
- Construction — 8.5%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.8% | Q3 | #97 of 167 |
| 2025 | 2.7% | Q3 | #79 of 132 |