Aditya Birla Sun Life Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 23 Sep 2026
- ₹16.20+0.75%1 day
- Return since launch
- 10.4%
- 52-week range
- ₹13.62 — ₹16.67
- AUM
- ₹1,844 Cr
Aditya Birla Sun Life Business Cycle Fund is a Equity Opportunities equity fund from Aditya Birla Sun Life Mutual Fund with ₹1,844 Cr under management, launched in 2021. Over three years it has returned 8.6% a year, against 13.6% for its category. The expense ratio is 2.69% 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 +8.4% against +0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 10.9% | +6.4 pts | 4.5% | 0.6% |
| 2Y | 7.8% | +2.2 pts | 5.5% | 0.7% |
| 3Y | 8.6% | −5.0 pts | 13.6% | 3.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.9% | +0.2 pts | -2.1% | -2.9% |
| 3M | 4.5% | +2.7 pts | 1.8% | 0.5% |
| 6M | 16.0% | +2.0 pts | 13.9% | 10.5% |
| 1Y | 7.5% | +3.0 pts | 4.5% | -1.6% |
| 2Y | 0.8% | +1.6 pts | -0.8% | -4.2% |
| 3Y | 12.3% | −1.3 pts | 13.6% | 10.2% |
Since launch (15 Nov 2021): 10.4%
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
2.60%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.78%
- Brokerage
- 0.16%
- Transaction charges
- 0.01%
- Statutory levies
- 0.65%
- 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 | 1.82 | 5.08 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.56 | 0.73 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.76 | 0.97 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.87 | 16.98 | 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 31 Aug 2026
Asset allocation
- Equity98.9%
- Other1.1%
Market cap split
- Large34.7%
- Mid24.8%
- Small40.5%
- P/E
- 25.95
- P/B
- 4.17
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.16% | ₹76.69 Cr | +3.94% | +6.59% | +7.96% |
| The Federal Bank Ltd. | Financial | 3.45% | ₹63.67 Cr | +3.06% | +1.62% | — |
| R R Kabel Ltd. | Consumer Discretionary | 3.00% | ₹55.39 Cr | +2.18% | — | — |
| Shivalik Bimetal Controls Ltd. | Capital Goods | 2.73% | ₹50.38 Cr | +1.96% | +1.16% | +1.27% |
| Birlasoft Ltd. | Technology | 2.64% | ₹48.72 Cr | — | — | — |
| Shaily Engineering Plastics Ltd. | Materials | 2.59% | ₹47.66 Cr | — | — | — |
| SJS Enterprises Ltd. | Automobile | 2.58% | ₹47.56 Cr | +2.14% | — | — |
| Craftsman Automation Ltd. | Automobile | 2.56% | ₹47.18 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 2.50% | ₹46.00 Cr | +2.27% | — | — |
| TVS Motor Company Ltd. | Automobile | 2.36% | ₹43.52 Cr | +1.50% | — | — |
| Zensar Technologies Ltd. | Technology | 2.36% | ₹43.50 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 2.33% | ₹42.94 Cr | +1.43% | +1.03% | +1.21% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.32% | ₹42.74 Cr | +1.02% | — | — |
| Muthoot Finance Ltd. | Financial | 2.32% | ₹42.73 Cr | +2.85% | — | — |
| Thyrocare Technologies Ltd. | Healthcare | 2.31% | ₹42.56 Cr | +1.53% | — | — |
| Sai Life Sciences Ltd. | Healthcare | 2.30% | ₹42.41 Cr | +1.69% | +0.43% | +0.36% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.21% | ₹40.65 Cr | — | — | — |
| Ajanta Pharma Ltd. | Healthcare | 2.12% | ₹39.09 Cr | +1.89% | +1.63% | +1.01% |
| FSN E-Commerce Ventures Ltd. | Services | 2.09% | ₹38.45 Cr | +1.71% | — | — |
| Jindal Steel Ltd. | Metals & Mining | 2.05% | ₹37.88 Cr | +2.28% | +2.28% | +1.81% |
| Mastek Ltd. | Technology | 2.03% | ₹37.40 Cr | — | — | — |
| Narayana Hrudayalaya Ltd. | Healthcare | 1.85% | ₹34.10 Cr | +1.54% | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.84% | ₹34.00 Cr | — | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.81% | ₹33.43 Cr | +1.25% | +0.96% | +1.23% |
| Hindalco Industries Ltd. | Metals & Mining | 1.75% | ₹32.30 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.67% | ₹30.79 Cr | +1.43% | — | — |
| Shriram Finance Ltd | Financial | 1.66% | ₹30.52 Cr | +1.55% | +1.72% | +1.01% |
| Bank of Maharashtra | Financial | 1.60% | ₹29.44 Cr | +1.69% | +0.95% | — |
| Syrma SGS Technology Ltd. | Capital Goods | 1.55% | ₹28.48 Cr | — | — | — |
| Chalet Hotels Ltd. | Services | 1.52% | ₹28.03 Cr | +0.63% | — | — |
| The Phoenix Mills Ltd. | Construction | 1.49% | ₹27.38 Cr | +1.52% | — | — |
| Eicher Motors Ltd. | Automobile | 1.47% | ₹27.04 Cr | — | — | — |
| Indian Bank | Financial | 1.46% | ₹26.96 Cr | +1.48% | — | — |
| Persistent Systems Ltd. | Technology | 1.44% | ₹26.57 Cr | +1.47% | +1.30% | +1.38% |
| Honasa Consumer Ltd. | Consumer Staples | 1.44% | ₹26.47 Cr | — | — | — |
| JK Cement Ltd. | Materials | 1.40% | ₹25.75 Cr | +1.54% | +1.31% | +1.48% |
| Cognizant Technology Solutions Corp. | Technology | 1.39% | ₹25.64 Cr | +1.31% | +1.41% | +1.55% |
| Eternal Ltd. | Services | 1.31% | ₹24.14 Cr | +1.10% | +1.05% | +1.35% |
| Larsen & Toubro Ltd. | Construction | 1.30% | ₹24.05 Cr | +1.44% | +1.47% | +2.08% |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.29% | ₹23.78 Cr | +1.16% | +1.38% | +1.00% |
| Bharat Electronics Ltd. | Capital Goods | 1.28% | ₹23.62 Cr | +1.39% | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.26% | ₹23.18 Cr | +1.87% | +2.00% | — |
| Delhivery Ltd. | Services | 1.16% | ₹21.35 Cr | +1.26% | — | — |
| Ultratech Cement Ltd. | Materials | 1.08% | ₹19.99 Cr | +1.19% | +1.28% | +1.29% |
| Thomas Cook (India) Ltd. | Services | 1.07% | ₹19.73 Cr | +0.99% | — | — |
| company:14571 | Automobile | 1.07% | ₹19.72 Cr | — | — | — |
| Others | Others | 1.05% | ₹19.42 Cr | +0.98% | +0.95% | +0.96% |
| company:12429 | Financial | 1.04% | ₹19.26 Cr | — | — | — |
| Meesho Ltd. | Services | 1.03% | ₹19.02 Cr | +1.01% | +0.86% | — |
| GMR Airports Ltd. | Construction | 1.02% | ₹18.73 Cr | +1.19% | +1.16% | — |
| company:407 | Financial | 0.97% | ₹17.97 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 0.93% | ₹17.22 Cr | +1.71% | +1.60% | +1.48% |
| Procter & Gamble Health Ltd. | Healthcare | 0.89% | ₹16.37 Cr | +0.53% | — | — |
| Ambuja Cements Ltd. | Materials | 0.85% | ₹15.68 Cr | +1.04% | — | +0.98% |
| Sundaram Finance Ltd. | Financial | 0.85% | ₹15.62 Cr | +0.86% | — | — |
| MAS Financial Services Ltd. | Financial | 0.81% | ₹15.02 Cr | +0.91% | — | — |
| Vedanta Ltd. | Metals & Mining | 0.71% | ₹13.02 Cr | +0.98% | +0.83% | +1.10% |
| Sobha Ltd. | Construction | 0.68% | ₹12.56 Cr | +0.84% | +0.81% | +0.83% |
| Kirloskar Brothers Ltd. | Capital Goods | 0.01% | ₹0.10 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.39% | 0.00% | -1.39% |
| company:14571 | 0.00% | 1.07% | +1.07% |
| company:12429 | 0.00% | 1.04% | +1.04% |
| Bharat Forge Ltd. | 0.98% | 0.00% | -0.98% |
| company:407 | 0.00% | 0.97% | +0.97% |
| Apollo Hospitals Enterprise Ltd. | 0.90% | 0.00% | -0.90% |
| Shivalik Bimetal Controls Ltd. | 1.97% | 2.73% | +0.76% |
| Ather Energy Ltd. | 1.76% | 2.33% | +0.57% |
| Zensar Technologies Ltd. | 2.68% | 2.36% | -0.32% |
| R R Kabel Ltd. | 2.75% | 3.00% | +0.26% |
| Craftsman Automation Ltd. | 2.32% | 2.56% | +0.24% |
| Vedanta Aluminium Metal Ltd. | 2.11% | 2.32% | +0.21% |
| Mastek Ltd. | 2.24% | 2.03% | -0.21% |
| APL Apollo Tubes Ltd. | 1.09% | 1.29% | +0.20% |
| Others | 0.48% | 0.30% | -0.18% |
| Birlasoft Ltd. | 2.82% | 2.64% | -0.18% |
| Muthoot Finance Ltd. | 2.50% | 2.32% | -0.18% |
| Narayana Hrudayalaya Ltd. | 2.02% | 1.85% | -0.17% |
| Sai Life Sciences Ltd. | 2.13% | 2.30% | +0.17% |
| Cognizant Technology Solutions Corp. | 1.23% | 1.39% | +0.16% |
| Lenskart Solutions Ltd. | 1.10% | 1.26% | +0.16% |
| GMR Airports Ltd. | 1.17% | 1.02% | -0.16% |
| Procter & Gamble Health Ltd. | 1.05% | 0.89% | -0.16% |
| JK Cement Ltd. | 1.52% | 1.40% | -0.13% |
| Fortis Healthcare Ltd. | 1.79% | 1.67% | -0.12% |
| The Federal Bank Ltd. | 3.57% | 3.45% | -0.12% |
| Chalet Hotels Ltd. | 1.40% | 1.52% | +0.12% |
| Jindal Steel Ltd. | 1.95% | 2.05% | +0.10% |
| Delhivery Ltd. | 1.26% | 1.16% | -0.10% |
| Shaily Engineering Plastics Ltd. | 2.49% | 2.59% | +0.10% |
| Ambuja Cements Ltd. | 0.94% | 0.85% | -0.09% |
| Meesho Ltd. | 0.94% | 1.03% | +0.09% |
| Torrent Pharmaceuticals Ltd. | 2.29% | 2.21% | -0.09% |
| Marico Ltd. | 1.02% | 0.93% | -0.09% |
| Sobha Ltd. | 0.77% | 0.68% | -0.08% |
| Ultratech Cement Ltd. | 1.16% | 1.08% | -0.07% |
| Eternal Ltd. | 1.24% | 1.31% | +0.07% |
| MAS Financial Services Ltd. | 0.88% | 0.81% | -0.07% |
| ICICI Bank Ltd. | 4.22% | 4.16% | -0.06% |
| Indian Bank | 1.40% | 1.46% | +0.06% |
| CG Power and Industrial Solutions Ltd. | 1.76% | 1.81% | +0.06% |
| Honasa Consumer Ltd. | 1.38% | 1.44% | +0.06% |
| TVS Motor Company Ltd. | 2.41% | 2.36% | -0.05% |
| Shriram Finance Ltd | 1.61% | 1.66% | +0.05% |
| Bharat Electronics Ltd. | 1.23% | 1.28% | +0.05% |
| Sundaram Finance Ltd. | 0.90% | 0.85% | -0.05% |
| FSN E-Commerce Ventures Ltd. | 2.05% | 2.09% | +0.04% |
| The Phoenix Mills Ltd. | 1.52% | 1.49% | -0.04% |
| AIA Engineering Ltd. | 0.04% | 0.00% | -0.04% |
| Thyrocare Technologies Ltd. | 2.27% | 2.31% | +0.03% |
| Syrma SGS Technology Ltd. | 1.51% | 1.55% | +0.03% |
| Karur Vysya Bank Ltd. | 2.53% | 2.50% | -0.03% |
| SJS Enterprises Ltd. | 2.55% | 2.58% | +0.03% |
| Persistent Systems Ltd. | 1.47% | 1.44% | -0.03% |
| Hindalco Industries Ltd. | 1.73% | 1.75% | +0.02% |
| Ajanta Pharma Ltd. | 2.10% | 2.12% | +0.02% |
| Eicher Motors Ltd. | 1.49% | 1.47% | -0.02% |
| Vedanta Ltd. | 0.69% | 0.71% | +0.02% |
| Bank of Maharashtra | 1.59% | 1.60% | +0.01% |
| Thomas Cook (India) Ltd. | 1.06% | 1.07% | +0.01% |
| JSW Steel Ltd. | 1.84% | 1.84% | 0.00% |
| Larsen & Toubro Ltd. | 1.31% | 1.30% | 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 | ₹3,420 Cr | 2.23% | 8.8% | 10.0% | 16.3% |
 Franklin India Opportunities Fund | ₹9,717 Cr | 2.08% | 10.4% | 11.0% | 19.2% |
 Kotak Business Cycle Fund | ₹3,509 Cr | 2.05% | 11.2% | 10.8% | — |
 Mahindra Manulife Business Cycle Fund | ₹1,364 Cr | 2.41% | 1.2% | 7.2% | — |
| Aditya Birla Sun Life Special Opportunities Fund | ₹1,279 Cr | 2.30% | 13.9% | 13.9% | 15.9% |
 HSBC Business Cycles Fund | ₹1,229 Cr | 2.31% | 7.2% | 7.3% | 13.6% |
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 months15.96% absolute | ₹60,000 | ₹69,576 | 15.96% | |
| 1 year7.50% annualised | ₹1,20,000 | ₹1,24,988 | 4.16% | |
| 3 years12.30% annualised | ₹3,60,000 | ₹4,37,190 | 21.44% |
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 ₹16.20 as on 23 Sep 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 2.69% 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 ₹4,32,524 Cr under management.