Tata Business Cycle Fund
The scheme seeks to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.
Growthvine rating: 4/5 — ranked #19 of 184 in category.
Fund basics
| Category | Equity: Thematic |
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| NAV | ₹17.80 (as of 2026-10-01) |
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| AUM | ₹2,602 Cr |
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| Expense ratio | 1.69% |
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| Riskometer | Very High |
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| Fund manager | Hasmukh Vishariya |
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| Exit load | 0.5% for redemption within 30 days |
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Performance & risk
| 5-year annualised return | 11.34% |
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| Sharpe ratio | 0.45 |
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| Standard deviation | 15.28% |
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| Max drawdown | −20.50% |
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| Alpha | 0.15 |
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| Beta | 0.98 |
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Over 5 years, captured 101.0% of Nifty 500's upside and 87.4% of its downside.
Market cap allocation
| Large cap | 45.5% |
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| Mid cap | 24.1% |
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| Small cap | 30.4% |
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Concentration
| Top 5 holdings | 20.5% |
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| Top 10 holdings | 35.4% |
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| Total holdings | 50 |
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Top holdings
- Reliance Industries Ltd — 4.8%
- Metropolis Healthcare Limited — 4.6%
- AXIS Bank Ltd. — 3.9%
- JINDAL STEEL LIMITED — 3.8%
- HDFC Bank Ltd. — 3.5%
- L&T Finance Limited — 3.3%
- PB Fintech Limited — 3.1%
- Larsen & Toubro Limited — 2.9%
- Delhivery Limited — 2.9%
- Cummins India Ltd. — 2.6%
Top sectors
- Banking & Financial — 10.0%
- Construction — 9.4%
- Finance & Investments — 9.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −6.2% | Q3 | #109 of 167 |
| 2025 | 0.8% | Q3 | #94 of 132 |
| 2024 | 18.5% | Q3 | #54 of 86 |
| 2023 | 34.3% | Q2 | #19 of 66 |
| 2022 | 13.5% | Q1 (Top) | #12 of 55 |