Edelweiss Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹9.17+1.18%1 day
- Return since launch
- -4.4%
- 52-week range
- ₹7.95 — ₹9.33
- AUM
- ₹1,311 Cr
Edelweiss Business Cycle Fund is a Equity Opportunities equity fund from Edelweiss Mutual Fund with ₹1,311 Cr under management, launched in 2024. The expense ratio is 2.74% and the SEBI riskometer reading is Very High.
Performance
Edelweiss Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.4% against -1.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.8% | +2.7 pts | 4.1% | 5.3% |
| 2Y | 4.6% | −1.2 pts | 5.8% | 3.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.4% | +0.6 pts | 3.8% | 4.8% |
| 3M | 0.3% | +1.3 pts | -1.0% | -0.9% |
| 6M | 4.8% | −0.7 pts | 5.5% | 4.4% |
| 1Y | 3.4% | −0.8 pts | 4.1% | -1.1% |
| 2Y | -0.4% | −3.1 pts | 2.7% | 0.1% |
Since launch (9 Jul 2024): -4.4%
Calendar-year returns
Category average-3.7%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -3.7% | −6.9 pts | 3.2% |
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
2.68%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.16%
- Transaction charges
- 0.01%
- Statutory levies
- 0.67%
- Exit load
- Exit load of 1%, if redeemed within 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 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.
Portfolio
Edelweiss Business Cycle Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.0%
- Debt1.2%
Market cap split
- Large43.7%
- Mid44.6%
- Small11.8%
- P/E
- 27.36
- P/B
- 4.15
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Laurus Labs Ltd. | Healthcare | 3.09% | ₹41.58 Cr | +3.59% | +2.16% | — |
| Radico Khaitan Ltd. | Consumer Staples | 2.90% | ₹39.00 Cr | +1.30% | +0.93% | +0.81% |
| Cummins India Ltd. | Capital Goods | 2.83% | ₹38.08 Cr | +3.83% | — | — |
| ICICI Bank Ltd. | Financial | 2.75% | ₹36.93 Cr | +1.67% | +1.56% | +3.50% |
| The Federal Bank Ltd. | Financial | 2.58% | ₹34.62 Cr | +2.26% | +1.90% | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.54% | ₹34.09 Cr | +1.94% | +1.65% | +1.35% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.17% | ₹29.18 Cr | +2.83% | +3.02% | +2.67% |
| GE Vernova T&D India Ltd | Capital Goods | 2.03% | ₹27.31 Cr | +3.35% | +2.90% | +3.38% |
| Steel Authority Of India Ltd. | Metals & Mining | 1.99% | ₹26.77 Cr | +1.88% | — | — |
| Grasim Industries Ltd. | Materials | 1.97% | ₹26.48 Cr | +1.80% | — | +1.23% |
| AU Small Finance Bank Ltd. | Financial | 1.96% | ₹26.38 Cr | +1.85% | +3.63% | +2.05% |
| Hindalco Industries Ltd. | Metals & Mining | 1.96% | ₹26.37 Cr | +2.20% | +2.21% | — |
| Apar Industries Ltd. | Consumer Staples | 1.95% | ₹26.21 Cr | +1.84% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.94% | ₹26.04 Cr | +2.36% | — | +0.81% |
| Bajaj Auto Ltd. | Automobile | 1.94% | ₹26.03 Cr | +1.02% | — | — |
| Bajaj Finserv Ltd. | Financial | 1.89% | ₹25.40 Cr | — | +0.64% | — |
| Ather Energy Ltd. | Automobile | 1.76% | ₹23.71 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.73% | ₹23.23 Cr | +1.11% | — | +3.96% |
| Coforge Ltd. | Technology | 1.69% | ₹22.73 Cr | — | — | +1.96% |
| Persistent Systems Ltd. | Technology | 1.69% | ₹22.70 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.68% | ₹22.53 Cr | +0.96% | +2.38% | +1.27% |
| ABB India Ltd. | Capital Goods | 1.65% | ₹22.17 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.59% | ₹21.38 Cr | — | +1.14% | — |
| Avenue Supermarts Ltd. | Services | 1.59% | ₹21.31 Cr | +2.37% | — | +1.19% |
| INDO-MIM Ltd. | Capital Goods | 1.56% | ₹20.90 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.52% | ₹20.42 Cr | +1.15% | — | — |
| TVS Motor Company Ltd. | Automobile | 1.48% | ₹19.87 Cr | +1.13% | +0.98% | +1.99% |
| Polycab India Ltd. | Capital Goods | 1.46% | ₹19.58 Cr | +1.01% | +0.23% | — |
| Oracle Financial Services Software Ltd. | Technology | 1.42% | ₹19.03 Cr | +0.21% | — | — |
| SPR Auto Technologies Ltd. | Automobile | 1.42% | ₹19.03 Cr | — | — | — |
| HCL Technologies Ltd. | Technology | 1.32% | ₹17.69 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 1.31% | ₹17.56 Cr | +1.99% | — | — |
| Shriram Finance Ltd | Financial | 1.28% | ₹17.24 Cr | +1.41% | +1.56% | — |
| Bharat Forge Ltd. | Automobile | 1.24% | ₹16.72 Cr | +1.26% | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.23% | ₹16.59 Cr | +1.41% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.21% | ₹16.33 Cr | +1.24% | +1.07% | — |
| Info Edge (India) Ltd. | Services | 1.21% | ₹16.33 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 1.15% | ₹15.47 Cr | +2.40% | +1.55% | +4.64% |
| Karur Vysya Bank Ltd. | Financial | 1.15% | ₹15.43 Cr | +0.95% | +1.00% | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.14% | ₹15.34 Cr | +1.03% | +1.42% | — |
| NTPC Ltd. | Energy | 1.13% | ₹15.21 Cr | +1.40% | — | — |
| Indian Bank | Financial | 1.08% | ₹14.51 Cr | +1.09% | +3.51% | +1.17% |
| Bajaj Finance Ltd. | Financial | 1.07% | ₹14.39 Cr | — | +0.93% | — |
| Emcure Pharmaceuticals Ltd. | Healthcare | 1.06% | ₹14.30 Cr | +0.91% | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.05% | ₹14.15 Cr | +1.54% | — | +1.96% |
| Union Bank of India | Financial | 1.03% | ₹13.85 Cr | — | +0.15% | +1.16% |
| Reliance Industries Ltd. | Energy | 1.03% | ₹13.83 Cr | +1.02% | +1.13% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.02% | ₹13.67 Cr | — | — | +2.01% |
| Acutaas Chemicals Ltd. | Healthcare | 0.99% | ₹13.36 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.99% | ₹13.34 Cr | +2.29% | +1.14% | — |
| State Bank of India | Financial | 0.99% | ₹13.28 Cr | +2.95% | +3.05% | +1.40% |
| Hero Motors Ltd. | Automobile | 0.95% | ₹12.71 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.93% | ₹12.53 Cr | +0.85% | — | — |
| Lupin Ltd. | Healthcare | 0.91% | ₹12.17 Cr | +1.73% | +1.77% | — |
| Tempsens Instruments (India) Ltd. | Capital Goods | 0.90% | ₹12.09 Cr | — | — | — |
| Alkem Laboratories Ltd. | Healthcare | 0.88% | ₹11.80 Cr | — | +1.11% | — |
| Ashok Leyland Ltd. | Automobile | 0.87% | ₹11.71 Cr | +1.09% | +0.61% | — |
| Marico Ltd. | Consumer Staples | 0.87% | ₹11.71 Cr | +1.26% | +1.18% | +1.58% |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.82% | ₹10.99 Cr | +0.88% | — | — |
| Others | Others | 0.81% | ₹10.87 Cr | +13.41% | +5.13% | +4.35% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.80% | ₹10.71 Cr | — | +0.85% | — |
| Welspun Corp Ltd. | Metals & Mining | 0.76% | ₹10.25 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.76% | ₹10.24 Cr | +2.41% | +2.50% | — |
| Vodafone Idea Ltd. | Communication | 0.73% | ₹9.82 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 0.73% | ₹9.77 Cr | +1.43% | +1.31% | +1.19% |
| Rentomojo Ltd. | Services | 0.70% | ₹9.47 Cr | — | — | — |
| Kei Industries Ltd. | Capital Goods | 0.68% | ₹9.15 Cr | +2.02% | — | — |
| Dhoot Transmission Ltd. | Capital Goods | 0.64% | ₹8.55 Cr | — | — | — |
| Solar Industries India Ltd. | Chemicals | 0.62% | ₹8.29 Cr | — | — | +1.99% |
| Abbott India Ltd. | Healthcare | 0.62% | ₹8.28 Cr | — | +0.92% | +1.50% |
| Aditya Birla Capital Ltd. | Financial | 0.50% | ₹6.78 Cr | +1.31% | +1.05% | — |
| Eicher Motors Ltd. | Automobile | 0.49% | ₹6.55 Cr | +1.08% | +2.10% | — |
| Infosys Ltd. | Technology | 0.46% | ₹6.22 Cr | — | +0.81% | — |
| Tata Consultancy Services Ltd. | Technology | 0.46% | ₹6.12 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 0.45% | ₹6.02 Cr | +0.01% | +0.97% | — |
| Reserve Bank of India | Financial | 0.22% | ₹2.98 Cr | +0.34% | +0.36% | +0.28% |
| P N Gadgil Jewellers Ltd. | Consumer Discretionary | 0.05% | ₹0.65 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Muthoot Finance Ltd. | 2.28% | 0.00% | -2.28% |
| Ather Energy Ltd. | 1.95% | 0.00% | -1.95% |
| Hero Motocorp Ltd. | 1.12% | 0.00% | -1.12% |
| Bajaj Finance Ltd. | 0.00% | 1.07% | +1.07% |
| Union Bank of India | 0.00% | 1.03% | +1.03% |
| Hero Motors Ltd. | 0.00% | 0.95% | +0.95% |
| Bajaj Finserv Ltd. | 1.06% | 1.89% | +0.83% |
| P N Gadgil Jewellers Ltd. | 0.80% | 0.05% | -0.75% |
| Eicher Motors Ltd. | 1.23% | 0.49% | -0.74% |
| Vodafone Idea Ltd. | 0.00% | 0.73% | +0.73% |
| Thermax Ltd. | 0.72% | 0.00% | -0.72% |
| Rentomojo Ltd. | 0.00% | 0.70% | +0.70% |
| L&T Finance Ltd. | 1.12% | 0.45% | -0.67% |
| Solar Industries India Ltd. | 0.00% | 0.62% | +0.62% |
| Grasim Industries Ltd. | 2.55% | 1.97% | -0.58% |
| Aditya Birla Capital Ltd. | 1.06% | 0.50% | -0.56% |
| Dhoot Transmission Ltd. | 1.16% | 0.64% | -0.52% |
| Sun Pharmaceutical Industries Ltd. | 1.50% | 0.99% | -0.51% |
| Titan Company Ltd. | 1.14% | 1.59% | +0.45% |
| Schaeffler India Ltd. | 1.49% | 1.05% | -0.44% |
| Acutaas Chemicals Ltd. | 0.56% | 0.99% | +0.44% |
| ABB India Ltd. | 1.23% | 1.65% | +0.42% |
| Radico Khaitan Ltd. | 2.51% | 2.90% | +0.39% |
| Avenue Supermarts Ltd. | 1.97% | 1.59% | -0.38% |
| Aurobindo Pharma Ltd. | 0.94% | 1.31% | +0.37% |
| Bajaj Auto Ltd. | 1.57% | 1.94% | +0.37% |
| Fortis Healthcare Ltd. | 1.50% | 1.15% | -0.35% |
| Hitachi Energy India Ltd. | 1.61% | 1.94% | +0.32% |
| Bharat Heavy Electricals Ltd. | 1.24% | 1.52% | +0.27% |
| INDO-MIM Ltd. | 1.30% | 1.56% | +0.26% |
| HCL Technologies Ltd. | 1.06% | 1.32% | +0.26% |
| Bharat Electronics Ltd. | 1.02% | 0.76% | -0.26% |
| Multi Commodity Exchange Of India Ltd. | 1.42% | 1.68% | +0.25% |
| Lupin Ltd. | 1.13% | 0.91% | -0.23% |
| BSE Ltd. | 0.22% | 0.00% | -0.22% |
| Laurus Labs Ltd. | 2.88% | 3.09% | +0.21% |
| Aster DM Quality Care Ltd. | 0.52% | 0.73% | +0.21% |
| Navin Fluorine International Ltd. | 1.42% | 1.21% | -0.20% |
| Abbott India Ltd. | 0.42% | 0.62% | +0.20% |
| Welspun Corp Ltd. | 0.59% | 0.76% | +0.17% |
| Polycab India Ltd. | 1.61% | 1.46% | -0.16% |
| Shriram Finance Ltd | 1.14% | 1.28% | +0.14% |
| Cummins India Ltd. | 2.97% | 2.83% | -0.13% |
| Emcure Pharmaceuticals Ltd. | 0.93% | 1.06% | +0.13% |
| SPR Auto Technologies Ltd. | 1.29% | 1.42% | +0.13% |
| Apar Industries Ltd. | 1.82% | 1.95% | +0.13% |
| Reserve Bank of India | 0.34% | 0.22% | -0.12% |
| Oracle Financial Services Software Ltd. | 1.53% | 1.42% | -0.12% |
| Divi's Laboratories Ltd. | 1.62% | 1.73% | +0.11% |
| Tata Steel Ltd. | 1.13% | 1.23% | +0.10% |
| Others | 0.83% | 0.93% | +0.10% |
| GE Vernova T&D India Ltd | 2.13% | 2.03% | -0.09% |
| Kei Industries Ltd. | 0.77% | 0.68% | -0.09% |
| The Federal Bank Ltd. | 2.66% | 2.58% | -0.08% |
| NTPC Ltd. | 1.05% | 1.13% | +0.08% |
| Coforge Ltd. | 1.76% | 1.69% | -0.07% |
| Mazagon Dock Shipbuilders Ltd. | 0.88% | 0.82% | -0.06% |
| Alkem Laboratories Ltd. | 0.83% | 0.88% | +0.05% |
| Persistent Systems Ltd. | 1.64% | 1.69% | +0.04% |
| Mahindra & Mahindra Financial Services Ltd. | 0.84% | 0.80% | -0.04% |
| TVS Motor Company Ltd. | 1.44% | 1.48% | +0.04% |
| Ashok Leyland Ltd. | 0.91% | 0.87% | -0.04% |
| JSW Steel Ltd. | 0.89% | 0.93% | +0.04% |
| Marico Ltd. | 0.83% | 0.87% | +0.04% |
| Tata Consultancy Services Ltd. | 0.49% | 0.46% | -0.03% |
| Glenmark Pharmaceuticals Ltd. | 2.20% | 2.17% | -0.03% |
| National Aluminium Company Ltd. | 1.17% | 1.14% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 0.99% | 1.02% | +0.03% |
| company:20133 | 0.03% | 0.00% | -0.03% |
| ICICI Bank Ltd. | 2.78% | 2.75% | -0.03% |
| Indian Bank | 1.11% | 1.08% | -0.03% |
| Steel Authority Of India Ltd. | 1.97% | 1.99% | +0.03% |
| Biocon Ltd. | 0.03% | 0.00% | -0.03% |
| AU Small Finance Bank Ltd. | 1.94% | 1.96% | +0.02% |
| Infosys Ltd. | 0.48% | 0.46% | -0.02% |
| Karur Vysya Bank Ltd. | 1.13% | 1.15% | +0.02% |
| Hindalco Industries Ltd. | 1.94% | 1.96% | +0.02% |
| Tempsens Instruments (India) Ltd. | 0.88% | 0.90% | +0.02% |
| State Bank of India | 1.00% | 0.99% | -0.01% |
| Info Edge (India) Ltd. | 1.20% | 1.21% | +0.01% |
| Reliance Industries Ltd. | 1.02% | 1.03% | +0.01% |
| FSN E-Commerce Ventures Ltd. | 2.54% | 2.54% | -0.01% |
| Bharat Forge Ltd. | 1.25% | 1.24% | 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 | ₹6,051 Cr | 2.13% | 7.0% | 8.6% | 15.0% |
 ICICI Prudential Business Cycle Fund | ₹14,614 Cr | 1.86% | 3.4% | 6.8% | 13.3% |
 Franklin India Opportunities Fund | ₹9,577 Cr | 2.08% | 0.9% | 5.9% | 16.1% |
 Kotak Business Cycle Fund | ₹3,414 Cr | 2.02% | 15.1% | 11.2% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,359 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 generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. There is no assurance that the investment objective of the Scheme will be achieved.
Fund managers
- Bharat LahotiMr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies Prior to joining Edelweiss Asset Management Limited as a Fund Manager - Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager - Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
- Bhavesh JainMr. Jain is a MMS (Finance) from Mumbai University.Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
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 months4.79% absolute | ₹60,000 | ₹62,874 | 4.79% | |
| 1 year3.36% annualised | ₹1,20,000 | ₹1,22,207 | 1.84% |
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 Edelweiss Business Cycle Fund?
The NAV of Edelweiss Business Cycle Fund is ₹9.17 as on 9 Nov 2026.
What is the expense ratio of Edelweiss Business Cycle Fund?
The expense ratio of Edelweiss Business Cycle Fund is 2.74% per year.
What is the minimum SIP amount for Edelweiss Business Cycle Fund?
You can start a SIP in Edelweiss Business Cycle Fund with ₹3,000 a month.
Is there a lock-in or exit load on Edelweiss Business Cycle Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 90 days..
How risky is Edelweiss Business Cycle Fund?
Edelweiss Business Cycle Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages Edelweiss Business Cycle Fund?
Edelweiss Business Cycle Fund is managed by Edelweiss Mutual Fund, which runs 59 schemes with ₹2,00,981 Cr under management.