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 #79 of 186 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹12.71 (as of 2026-11-11) |
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| AUM | ₹1,449 Cr |
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| Expense ratio | 1.82% |
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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 91.5% of its downside.
Market cap allocation
| Large cap | 31.5% |
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| Mid cap | 33.5% |
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| Small cap | 35.0% |
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Concentration
| Top 5 holdings | 22.2% |
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| Top 10 holdings | 38.7% |
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| Total holdings | 34 |
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Top holdings
- Eternal Limited — 5.7%
- COFORGE LIMITED — 4.7%
- RBL Bank Limited — 4.4%
- Kalyan Jewellers India Limited — 4.1%
- One 97 Communications Limited — 3.5%
- Max Healthcare Institute Limited — 3.4%
- Urban Company Limited — 3.3%
- IndusInd Bank Ltd. — 3.3%
- Prestige Estates Projects Limited — 3.2%
- Apollo Hospitals Enterprises Ltd. — 3.2%
Top sectors
- Banking & Financial — 15.9%
- Automobile — 12.8%
- Retail — 12.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.9% | Q3 | #89 of 167 |
| 2025 | −3.7% | Q4 (Bottom) | #113 of 132 |