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: 5/5 — ranked #10 of 179 in category.
Fund basics
| Category | Equity: Thematic |
|---|
| NAV | ₹19.25 (as of 2026-08-21) |
|---|
| AUM | ₹2,668 Cr |
|---|
| Expense ratio | 1.69% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Hasmukh Vishariya |
|---|
| Exit load | 0.5% for redemption within 30 days |
|---|
Performance & risk
| 5-year annualised return | 14.24% |
|---|
| Sharpe ratio | 0.47 |
|---|
| Standard deviation | 15.27% |
|---|
| Max drawdown | -20.50% |
|---|
| Alpha | 0.58 |
|---|
| Beta | 0.98 |
|---|
Over 5 years, captured 100.7% of Nifty 500's upside and 85.9% of its downside.
Market cap allocation
| Large cap | 48.4% |
|---|
| Mid cap | 23.0% |
|---|
| Small cap | 28.6% |
|---|
Concentration
| Top 5 holdings | 20.1% |
|---|
| Top 10 holdings | 34.3% |
|---|
| Total holdings | 54 |
|---|
Top holdings
- Reliance Industries Ltd — 4.8%
- Metropolis Healthcare Limited — 4.5%
- AXIS Bank Ltd. — 3.6%
- HDFC Bank Ltd. — 3.6%
- JINDAL STEEL LIMITED — 3.5%
- L&T Finance Limited — 3.1%
- Delhivery Limited — 3.0%
- Larsen & Toubro Limited — 2.8%
- Adani Energy Solutions Limited — 2.7%
- PB Fintech Limited — 2.6%
Top sectors
- Banking & Financial — 13.1%
- Construction — 9.8%
- Finance & Investments — 8.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 1.4% | Q3 | #104 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 |