Motilal Oswal Business Cycle Fund
The scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.
Growthvine rating: 3/5 — ranked #78 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹12.13 (as of 2026-10-01) |
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| AUM | ₹1,535 Cr |
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| Expense ratio | 1.81% |
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| Riskometer | Very High |
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| Fund manager | Ankit Agarwal |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −25.29% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 124.1% of Nifty 500's upside and 83.6% of its downside.
Market cap allocation
| Large cap | 27.8% |
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| Mid cap | 36.1% |
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| Small cap | 36.2% |
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Concentration
| Top 5 holdings | 25.2% |
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| Top 10 holdings | 42.5% |
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| Total holdings | 31 |
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Top holdings
- ELLENBARRIE INDUSTRIAL GASES LIMITED — 6.4%
- Eternal Limited — 5.4%
- COFORGE LIMITED — 4.9%
- HealthCare Global Enterprises Limited — 4.3%
- Kalyan Jewellers India Limited — 4.2%
- Triparty Repo — 4.2%
- RBL Bank Limited — 3.9%
- IndusInd Bank Ltd. — 3.5%
- Max Healthcare Institute Limited — 3.4%
- Urban Company Limited — 3.3%
Top sectors
- Banking & Financial — 17.0%
- Healthcare — 10.9%
- Retail — 10.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.7% | Q2 | #79 of 167 |
| 2025 | −3.7% | Q4 (Bottom) | #114 of 132 |