Aditya Birla Sun Life Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹16.23+0.62%1 day
- Return since launch
- 10.2%
- 52-week range
- ₹13.62 — ₹16.67
- AUM
- ₹1,725 Cr
Aditya Birla Sun Life Business Cycle Fund is a Equity Opportunities equity fund from Aditya Birla Sun Life Mutual Fund with ₹1,725 Cr under management, launched in 2021. Over three years it has returned 7.7% a year, against 13.7% for its category. The expense ratio is 2.52% and the SEBI riskometer reading is Very High.
Performance
Aditya Birla Sun Life Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against -1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.4% | +6.3 pts | 4.1% | 5.3% |
| 2Y | 7.8% | +2.1 pts | 5.8% | 3.0% |
| 3Y | 7.7% | −6.0 pts | 13.7% | 3.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.4% | +0.9 pts | 3.5% | 4.9% |
| 3M | -1.1% | −0.1 pts | -1.0% | -0.9% |
| 6M | 6.3% | +1.1 pts | 5.2% | 4.4% |
| 1Y | 5.5% | +1.5 pts | 4.1% | -1.1% |
| 2Y | 3.4% | +0.9 pts | 2.5% | 0.1% |
| 3Y | 12.6% | −1.1 pts | 13.7% | 10.6% |
Since launch (15 Nov 2021): 10.2%
Calendar-year returns
Category average5.0%
19.2%
18.2%
4.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.6% | +1.4 pts | 3.2% |
| 2024 | 18.2% | −5.0 pts | 23.3% |
| 2023 | 19.2% | −16.1 pts | 35.3% |
| 2022 | 5.0% | −4.7 pts | 9.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.46%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.78%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.55%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- BSE 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.79 | 4.92 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.44 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.59 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.33 | 15.96 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Aditya Birla Sun Life Business Cycle Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.1%
- Other0.9%
Market cap split
- Large34.3%
- Mid25.2%
- Small40.5%
- P/E
- 24.20
- P/B
- 3.84
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.04% | ₹69.71 Cr | +4.16% | +6.48% | +7.54% |
| The Federal Bank Ltd. | Financial | 3.28% | ₹56.66 Cr | +3.38% | +1.57% | — |
| Shivalik Bimetal Controls Ltd. | Capital Goods | 2.92% | ₹50.46 Cr | +2.05% | +1.12% | +1.30% |
| R R Kabel Ltd. | Consumer Discretionary | 2.76% | ₹47.64 Cr | +2.60% | — | — |
| Birlasoft Ltd. | Technology | 2.63% | ₹45.45 Cr | — | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 2.59% | ₹44.61 Cr | +2.42% | — | — |
| Sai Life Sciences Ltd. | Healthcare | 2.57% | ₹44.29 Cr | +2.05% | +0.47% | +0.38% |
| Craftsman Automation Ltd. | Automobile | 2.54% | ₹43.89 Cr | +2.28% | — | — |
| SJS Enterprises Ltd. | Automobile | 2.50% | ₹43.15 Cr | +2.43% | — | — |
| Karur Vysya Bank Ltd. | Financial | 2.49% | ₹42.99 Cr | +2.25% | — | — |
| TVS Motor Company Ltd. | Automobile | 2.39% | ₹41.16 Cr | +1.99% | — | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.35% | ₹40.55 Cr | +1.88% | — | — |
| Zensar Technologies Ltd. | Technology | 2.31% | ₹39.89 Cr | — | — | — |
| Ajanta Pharma Ltd. | Healthcare | 2.28% | ₹39.29 Cr | +2.13% | +1.72% | +1.12% |
| Muthoot Finance Ltd. | Financial | 2.28% | ₹39.27 Cr | +2.46% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.23% | ₹38.52 Cr | — | — | — |
| Thyrocare Technologies Ltd. | Healthcare | 2.18% | ₹37.61 Cr | +2.22% | — | — |
| Jindal Steel Ltd. | Metals & Mining | 2.09% | ₹36.04 Cr | +1.93% | +2.29% | +2.03% |
| Ather Energy Ltd. | Automobile | 2.07% | ₹35.63 Cr | +1.63% | +1.22% | +0.99% |
| Syrma SGS Technology Ltd. | Capital Goods | 2.05% | ₹35.34 Cr | +1.59% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.04% | ₹35.20 Cr | +1.96% | — | — |
| Mastek Ltd. | Technology | 1.94% | ₹33.43 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.89% | ₹32.59 Cr | +1.83% | — | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.86% | ₹32.03 Cr | +2.02% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.81% | ₹31.18 Cr | +1.99% | +0.98% | +0.99% |
| Hindalco Industries Ltd. | Metals & Mining | 1.74% | ₹29.95 Cr | +1.74% | — | — |
| Bank of Maharashtra | Financial | 1.65% | ₹28.47 Cr | +1.88% | +0.59% | — |
| The Phoenix Mills Ltd. | Construction | 1.62% | ₹27.89 Cr | +1.61% | — | — |
| Shriram Finance Ltd | Financial | 1.57% | ₹27.02 Cr | +1.64% | +1.56% | +1.08% |
| Chalet Hotels Ltd. | Services | 1.52% | ₹26.20 Cr | +1.45% | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.52% | ₹26.14 Cr | +1.86% | — | — |
| JK Cement Ltd. | Materials | 1.48% | ₹25.46 Cr | +1.56% | +1.65% | +1.35% |
| Persistent Systems Ltd. | Technology | 1.45% | ₹25.08 Cr | +1.18% | +1.50% | +1.33% |
| Eicher Motors Ltd. | Automobile | 1.41% | ₹24.31 Cr | — | — | — |
| Indian Bank | Financial | 1.40% | ₹24.18 Cr | +1.40% | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.39% | ₹23.98 Cr | +1.77% | +1.94% | — |
| Honasa Consumer Ltd. | Consumer Staples | 1.38% | ₹23.74 Cr | +1.44% | — | — |
| Eternal Ltd. | Services | 1.36% | ₹23.54 Cr | +1.12% | +1.09% | +1.39% |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.36% | ₹23.42 Cr | +1.10% | +1.34% | +1.05% |
| Cognizant Technology Solutions Corp. | Technology | 1.33% | ₹22.96 Cr | +0.88% | +1.56% | +1.45% |
| Larsen & Toubro Ltd. | Construction | 1.30% | ₹22.36 Cr | +1.41% | +1.35% | +2.11% |
| Bharat Electronics Ltd. | Capital Goods | 1.28% | ₹22.13 Cr | +1.34% | — | — |
| Meesho Ltd. | Services | 1.22% | ₹21.09 Cr | +1.02% | +0.84% | — |
| Delhivery Ltd. | Services | 1.11% | ₹19.17 Cr | +1.27% | — | — |
| GMR Airports Ltd. | Construction | 1.10% | ₹19.03 Cr | +1.28% | +1.10% | — |
| Thomas Cook (India) Ltd. | Services | 1.09% | ₹18.72 Cr | +1.13% | — | — |
| Pricol Ltd. | Automobile | 1.06% | ₹18.35 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 1.03% | ₹17.76 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 0.96% | ₹16.51 Cr | +1.68% | +1.67% | +1.42% |
| Bajaj Finance Ltd. | Financial | 0.95% | ₹16.31 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.92% | ₹15.90 Cr | — | — | — |
| Procter & Gamble Health Ltd. | Healthcare | 0.92% | ₹15.79 Cr | +1.03% | — | — |
| Others | Others | 0.88% | ₹15.10 Cr | +0.95% | +1.07% | +0.96% |
| Sundaram Finance Ltd. | Financial | 0.87% | ₹14.99 Cr | +0.89% | — | — |
| Ambuja Cements Ltd. | Materials | 0.85% | ₹14.62 Cr | +0.94% | +1.02% | +1.00% |
| MAS Financial Services Ltd. | Financial | 0.81% | ₹13.94 Cr | +0.88% | — | — |
| Sobha Ltd. | Construction | 0.71% | ₹12.22 Cr | +0.79% | +0.77% | +0.90% |
| Vedanta Ltd. | Metals & Mining | 0.70% | ₹12.12 Cr | +0.75% | +0.85% | +1.09% |
| Kirloskar Brothers Ltd. | Capital Goods | 0.01% | ₹0.09 Cr | +0.01% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Ultratech Cement Ltd. | 1.08% | 0.00% | -1.08% |
| Grasim Industries Ltd. | 0.00% | 1.03% | +1.03% |
| Syrma SGS Technology Ltd. | 1.55% | 2.05% | +0.50% |
| Sai Life Sciences Ltd. | 2.30% | 2.57% | +0.27% |
| Ather Energy Ltd. | 2.33% | 2.07% | -0.26% |
| R R Kabel Ltd. | 3.00% | 2.76% | -0.24% |
| Shivalik Bimetal Controls Ltd. | 2.73% | 2.92% | +0.19% |
| Meesho Ltd. | 1.03% | 1.22% | +0.19% |
| The Federal Bank Ltd. | 3.45% | 3.28% | -0.17% |
| Ajanta Pharma Ltd. | 2.12% | 2.28% | +0.16% |
| Fortis Healthcare Ltd. | 1.67% | 1.52% | -0.15% |
| Lenskart Solutions Ltd. | 1.26% | 1.39% | +0.13% |
| The Phoenix Mills Ltd. | 1.49% | 1.62% | +0.13% |
| Thyrocare Technologies Ltd. | 2.31% | 2.18% | -0.13% |
| L&T Finance Ltd. | 1.04% | 0.92% | -0.12% |
| ICICI Bank Ltd. | 4.16% | 4.04% | -0.12% |
| Mastek Ltd. | 2.03% | 1.94% | -0.09% |
| Shriram Finance Ltd | 1.66% | 1.57% | -0.09% |
| GMR Airports Ltd. | 1.02% | 1.10% | +0.09% |
| JK Cement Ltd. | 1.40% | 1.48% | +0.08% |
| SJS Enterprises Ltd. | 2.58% | 2.50% | -0.08% |
| APL Apollo Tubes Ltd. | 1.29% | 1.36% | +0.07% |
| Indian Bank | 1.46% | 1.40% | -0.06% |
| Cognizant Technology Solutions Corp. | 1.39% | 1.33% | -0.06% |
| Honasa Consumer Ltd. | 1.44% | 1.38% | -0.06% |
| Eicher Motors Ltd. | 1.47% | 1.41% | -0.06% |
| Eternal Ltd. | 1.31% | 1.36% | +0.06% |
| Bank of Maharashtra | 1.60% | 1.65% | +0.05% |
| Zensar Technologies Ltd. | 2.36% | 2.31% | -0.05% |
| Delhivery Ltd. | 1.16% | 1.11% | -0.05% |
| FSN E-Commerce Ventures Ltd. | 2.09% | 2.04% | -0.05% |
| JSW Steel Ltd. | 1.84% | 1.89% | +0.04% |
| Muthoot Finance Ltd. | 2.32% | 2.28% | -0.04% |
| Jindal Steel Ltd. | 2.05% | 2.09% | +0.03% |
| Vedanta Aluminium Metal Ltd. | 2.32% | 2.35% | +0.03% |
| Bajaj Finance Ltd. | 0.97% | 0.95% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 2.21% | 2.23% | +0.03% |
| Procter & Gamble Health Ltd. | 0.89% | 0.92% | +0.03% |
| Sobha Ltd. | 0.68% | 0.71% | +0.03% |
| TVS Motor Company Ltd. | 2.36% | 2.39% | +0.03% |
| Marico Ltd. | 0.93% | 0.96% | +0.02% |
| Sundaram Finance Ltd. | 0.85% | 0.87% | +0.02% |
| Others | 0.30% | 0.32% | +0.02% |
| Hindalco Industries Ltd. | 1.75% | 1.74% | -0.02% |
| Craftsman Automation Ltd. | 2.56% | 2.54% | -0.02% |
| Thomas Cook (India) Ltd. | 1.07% | 1.09% | +0.01% |
| Persistent Systems Ltd. | 1.44% | 1.45% | +0.01% |
| Larsen & Toubro Ltd. | 1.30% | 1.30% | -0.01% |
| Birlasoft Ltd. | 2.64% | 2.63% | -0.01% |
| Narayana Hrudayalaya Ltd. | 1.85% | 1.86% | +0.01% |
| MAS Financial Services Ltd. | 0.81% | 0.81% | -0.01% |
| CG Power and Industrial Solutions Ltd. | 1.81% | 1.81% | -0.01% |
| Pricol Ltd. | 1.07% | 1.06% | -0.01% |
| Vedanta Ltd. | 0.71% | 0.70% | 0.00% |
| Karur Vysya Bank Ltd. | 2.50% | 2.49% | 0.00% |
| Ambuja Cements Ltd. | 0.85% | 0.85% | 0.00% |
| Bharat Electronics Ltd. | 1.28% | 1.28% | 0.00% |
| Chalet Hotels Ltd. | 1.52% | 1.52% | 0.00% |
| Shaily Engineering Plastics Ltd. | 2.59% | 2.59% | 0.00% |
| Kirloskar Brothers Ltd. | 0.01% | 0.01% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,105 Cr | 2.13% | 6.4% | 8.4% | 14.9% |
 ICICI Prudential Business Cycle Fund | ₹14,889 Cr | 1.86% | 2.9% | 6.7% | 13.2% |
 Franklin India Opportunities Fund | ₹9,577 Cr | 2.08% | -1.3% | 5.2% | 15.7% |
 Kotak Business Cycle Fund | ₹3,414 Cr | 2.02% | 15.1% | 11.2% | — |
| Aditya Birla Sun Life Special Opportunities Fund | ₹1,357 Cr | 2.26% | 14.5% | 13.5% | 15.7% |
 Mahindra Manulife Business Cycle Fund | ₹1,291 Cr | 2.42% | 0.9% | 5.7% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
Fund managers
- Harish KrishnanMr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM KozhikodePrior to joining Aditya Birla Sun Life Mutual Fund, he has also worked at Kotak Mahindra Mutual Fund, Infosys Technologies Ltd in his earlier stint.
- Pavas PethiaPGDM in Finance & Economics from the IIM Lucknow, B.Tech in Electronics & Communication Engineering MNIT-JaipurPrior to joining the ABSL AMC, he was associated with ENAM Asset Management, Evalueserve, Motilal Oswal Securities and Asit C.Mehta Investments.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months6.29% absolute | ₹60,000 | ₹63,774 | 6.29% | |
| 1 year5.53% annualised | ₹1,20,000 | ₹1,23,656 | 3.05% | |
| 3 years12.56% annualised | ₹3,60,000 | ₹4,39,033 | 21.95% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Aditya Birla Sun Life Business Cycle Fund?
The NAV of Aditya Birla Sun Life Business Cycle Fund is ₹16.23 as on 6 Nov 2026.
What is the expense ratio of Aditya Birla Sun Life Business Cycle Fund?
The expense ratio of Aditya Birla Sun Life Business Cycle Fund is 2.52% per year.
What is the minimum SIP amount for Aditya Birla Sun Life Business Cycle Fund?
You can start a SIP in Aditya Birla Sun Life Business Cycle Fund with ₹3,000 a month.
Is there a lock-in or exit load on Aditya Birla Sun Life Business Cycle Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 30 days..
How risky is Aditya Birla Sun Life Business Cycle Fund?
Aditya Birla Sun Life Business Cycle Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Aditya Birla Sun Life Business Cycle Fund?
Aditya Birla Sun Life Business Cycle Fund is managed by Aditya Birla Sun Life Mutual Fund, which runs 86 schemes with ₹4,46,664 Cr under management.