Edelweiss Business Cycle Fund
Equity OpportunitiesVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹9.01+0.20%1 day
- Return since launch
- -4.5%
- 52-week range
- ₹7.95 — ₹9.33
- AUM
- ₹1,463 Cr
Edelweiss Business Cycle Fund is a Equity Opportunities equity fund from Edelweiss Mutual Fund with ₹1,463 Cr under management, launched in 2024. The expense ratio is 2.68% 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 +4.7% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.6% | −2.3 pts | 5.9% | 1.3% |
| 2Y | 2.3% | −3.3 pts | 5.5% | 1.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.5% | −0.2 pts | -2.3% | -2.8% |
| 3M | 2.5% | +0.6 pts | 2.0% | 0.9% |
| 6M | 10.2% | −5.3 pts | 15.5% | 12.8% |
| 1Y | 4.7% | −1.2 pts | 5.9% | 0.2% |
| 2Y | -6.2% | −5.3 pts | -0.9% | -4.3% |
Since launch (9 Jul 2024): -4.5%
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
2.77%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.83%
- Brokerage
- 0.19%
- Transaction charges
- 0.01%
- Statutory levies
- 0.74%
- 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 31 Aug 2026
Asset allocation
- Equity99.1%
- Debt1.2%
Market cap split
- Large42.0%
- Mid47.1%
- Small10.9%
- P/E
- 30.00
- P/B
- 4.45
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Cummins India Ltd. | Capital Goods | 2.97% | ₹43.39 Cr | +3.14% | — | — |
| Laurus Labs Ltd. | Healthcare | 2.88% | ₹42.13 Cr | +2.72% | +2.03% | — |
| ICICI Bank Ltd. | Financial | 2.78% | ₹40.62 Cr | +1.50% | +1.55% | +3.53% |
| The Federal Bank Ltd. | Financial | 2.66% | ₹38.91 Cr | +1.95% | +1.91% | — |
| Grasim Industries Ltd. | Materials | 2.55% | ₹37.35 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.54% | ₹37.24 Cr | +1.70% | +1.62% | +1.28% |
| Radico Khaitan Ltd. | Consumer Staples | 2.51% | ₹36.70 Cr | +1.15% | +0.81% | +0.77% |
| Muthoot Finance Ltd. | Financial | 2.28% | ₹33.32 Cr | +2.12% | +3.10% | +3.74% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.20% | ₹32.24 Cr | +2.96% | +2.63% | +2.03% |
| GE Vernova T&D India Ltd | Capital Goods | 2.13% | ₹31.12 Cr | +3.78% | +2.66% | +3.09% |
| Avenue Supermarts Ltd. | Services | 1.97% | ₹28.77 Cr | +1.03% | — | +1.22% |
| Steel Authority Of India Ltd. | Metals & Mining | 1.97% | ₹28.76 Cr | +1.10% | — | — |
| Ather Energy Ltd. | Automobile | 1.95% | ₹28.58 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.94% | ₹28.43 Cr | +2.59% | +2.01% | — |
| AU Small Finance Bank Ltd. | Financial | 1.94% | ₹28.36 Cr | +1.73% | +3.59% | +1.95% |
| Apar Industries Ltd. | Consumer Staples | 1.82% | ₹26.69 Cr | +0.96% | — | — |
| company:7041 | Technology | 1.76% | ₹25.80 Cr | — | — | +2.06% |
| company:11722 | Technology | 1.64% | ₹24.06 Cr | — | — | +1.07% |
| Divi's Laboratories Ltd. | Healthcare | 1.62% | ₹23.67 Cr | +1.11% | — | +4.25% |
| Hitachi Energy India Ltd. | Capital Goods | 1.61% | ₹23.63 Cr | +1.92% | — | +0.84% |
| Polycab India Ltd. | Capital Goods | 1.61% | ₹23.61 Cr | +2.84% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.57% | ₹22.98 Cr | — | +0.53% | — |
| Oracle Financial Services Software Ltd. | Technology | 1.53% | ₹22.45 Cr | +0.19% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.50% | ₹22.01 Cr | +1.07% | +0.98% | — |
| Fortis Healthcare Ltd. | Healthcare | 1.50% | ₹21.95 Cr | +1.67% | +1.60% | +4.33% |
| Schaeffler India Ltd. | Capital Goods | 1.49% | ₹21.86 Cr | +0.94% | — | +1.75% |
| TVS Motor Company Ltd. | Automobile | 1.44% | ₹21.01 Cr | +1.91% | +0.98% | +1.84% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.42% | ₹20.83 Cr | +2.35% | +2.12% | +1.17% |
| Navin Fluorine International Ltd. | Chemicals | 1.42% | ₹20.75 Cr | +1.14% | +0.94% | — |
| INDO-MIM Ltd. | Capital Goods | 1.30% | ₹18.95 Cr | — | — | — |
| company:5764 | Automobile | 1.29% | ₹18.85 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 1.25% | ₹18.27 Cr | — | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.24% | ₹18.21 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 1.23% | ₹18.01 Cr | +2.11% | +2.22% | — |
| company:284 | Capital Goods | 1.23% | ₹17.93 Cr | — | — | — |
| company:8117 | Services | 1.20% | ₹17.58 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.17% | ₹17.17 Cr | +1.44% | +1.13% | — |
| company:20770 | Capital Goods | 1.16% | ₹16.93 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 1.14% | ₹16.70 Cr | +1.56% | +1.68% | — |
| company:3977 | Consumer Discretionary | 1.14% | ₹16.64 Cr | +1.09% | +1.09% | — |
| Tata Steel Ltd. | Metals & Mining | 1.13% | ₹16.59 Cr | +1.55% | — | — |
| Lupin Ltd. | Healthcare | 1.13% | ₹16.55 Cr | +1.60% | +1.53% | — |
| Karur Vysya Bank Ltd. | Financial | 1.13% | ₹16.51 Cr | +0.91% | +0.97% | — |
| L&T Finance Ltd. | Financial | 1.12% | ₹16.36 Cr | +1.06% | +0.99% | — |
| Hero Motocorp Ltd. | Automobile | 1.12% | ₹16.35 Cr | +0.98% | +1.08% | — |
| Indian Bank | Financial | 1.11% | ₹16.18 Cr | +0.04% | +3.58% | — |
| Aditya Birla Capital Ltd. | Financial | 1.06% | ₹15.56 Cr | +1.20% | +1.07% | — |
| company:9821 | Financial | 1.06% | ₹15.51 Cr | — | +0.68% | — |
| HCL Technologies Ltd. | Technology | 1.06% | ₹15.47 Cr | — | — | — |
| NTPC Ltd. | Energy | 1.05% | ₹15.43 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.02% | ₹14.92 Cr | +2.36% | +2.42% | — |
| Reliance Industries Ltd. | Energy | 1.02% | ₹14.88 Cr | +1.03% | +1.02% | — |
| State Bank of India | Financial | 1.00% | ₹14.67 Cr | +2.73% | +3.25% | +1.26% |
| company:3988 | Healthcare | 0.99% | ₹14.42 Cr | — | — | +1.98% |
| Aurobindo Pharma Ltd. | Healthcare | 0.94% | ₹13.74 Cr | +1.28% | — | — |
| Emcure Pharmaceuticals Ltd. | Healthcare | 0.93% | ₹13.66 Cr | +0.88% | — | — |
| Ashok Leyland Ltd. | Automobile | 0.91% | ₹13.34 Cr | +1.06% | +2.67% | — |
| JSW Steel Ltd. | Metals & Mining | 0.89% | ₹13.08 Cr | — | — | — |
| company:20818 | Capital Goods | 0.88% | ₹12.94 Cr | — | — | — |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 0.88% | ₹12.90 Cr | +0.85% | — | — |
| company:4789 | Financial | 0.84% | ₹12.30 Cr | — | +0.96% | — |
| Marico Ltd. | Consumer Staples | 0.83% | ₹12.22 Cr | +1.22% | +1.10% | +1.60% |
| company:8236 | Healthcare | 0.83% | ₹12.18 Cr | — | +1.03% | — |
| company:19389 | Consumer Discretionary | 0.80% | ₹11.68 Cr | — | — | — |
| Kei Industries Ltd. | Capital Goods | 0.78% | ₹11.35 Cr | +1.93% | — | — |
| Thermax Ltd. | Capital Goods | 0.72% | ₹10.60 Cr | — | — | — |
| company:5338 | Metals & Mining | 0.59% | ₹8.60 Cr | — | — | — |
| company:17009 | Healthcare | 0.56% | ₹8.13 Cr | — | — | — |
| Others | Others | 0.53% | ₹7.83 Cr | +1.92% | +7.93% | +14.27% |
| Aster DM Quality Care Ltd. | Healthcare | 0.52% | ₹7.56 Cr | +1.31% | +1.11% | +1.11% |
| Tata Consultancy Services Ltd. | Technology | 0.49% | ₹7.16 Cr | — | — | — |
| Infosys Ltd. | Technology | 0.48% | ₹7.09 Cr | — | +0.78% | — |
| company:2035 | Healthcare | 0.42% | ₹6.09 Cr | — | +0.82% | +1.57% |
| Reserve Bank of India | Financial | 0.34% | ₹5.00 Cr | +0.33% | +0.31% | +0.28% |
| BSE Ltd. | Services | 0.22% | ₹3.28 Cr | +2.06% | +1.38% | +1.16% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.03% | ₹0.43 Cr | +0.03% | +0.03% | +0.02% |
| Biocon Ltd. | Healthcare | 0.03% | ₹0.38 Cr | — | — | +0.89% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Polycab India Ltd. | 3.46% | 1.61% | -1.84% |
| State Bank of India | 2.77% | 1.00% | -1.76% |
| company:7041 | 0.00% | 1.76% | +1.76% |
| Oil And Natural Gas Corporation Ltd. | 1.74% | 0.00% | -1.74% |
| BSE Ltd. | 1.87% | 0.22% | -1.65% |
| company:11722 | 0.00% | 1.64% | +1.64% |
| Laurus Labs Ltd. | 4.19% | 2.88% | -1.31% |
| company:5764 | 0.00% | 1.29% | +1.29% |
| company:284 | 0.00% | 1.23% | +1.23% |
| company:8117 | 0.00% | 1.20% | +1.20% |
| company:20770 | 0.00% | 1.16% | +1.16% |
| Endurance Technologies Ltd. | 1.15% | 0.00% | -1.15% |
| company:3977 | 0.00% | 1.14% | +1.14% |
| L&T Finance Ltd. | 0.01% | 1.12% | +1.11% |
| company:9821 | 0.00% | 1.06% | +1.06% |
| Aurobindo Pharma Ltd. | 1.99% | 0.94% | -1.05% |
| Radico Khaitan Ltd. | 1.46% | 2.51% | +1.04% |
| JSW Energy Ltd. | 1.04% | 0.00% | -1.04% |
| Aster DM Quality Care Ltd. | 1.53% | 0.52% | -1.02% |
| ICICI Bank Ltd. | 1.77% | 2.78% | +1.00% |
| Bharat Electronics Ltd. | 2.01% | 1.02% | -0.99% |
| company:3988 | 0.00% | 0.99% | +0.99% |
| NTPC Green Energy Ltd. | 0.93% | 0.00% | -0.93% |
| Jindal Stainless Ltd. | 0.91% | 0.00% | -0.91% |
| PB Fintech Ltd. | 0.91% | 0.00% | -0.91% |
| company:20818 | 0.00% | 0.88% | +0.88% |
| NMDC Ltd. | 0.88% | 0.00% | -0.88% |
| company:4789 | 0.00% | 0.84% | +0.84% |
| company:8236 | 0.00% | 0.83% | +0.83% |
| Sun Pharmaceutical Industries Ltd. | 2.32% | 1.50% | -0.82% |
| company:19389 | 0.00% | 0.80% | +0.80% |
| Others | 1.62% | 0.83% | -0.79% |
| HCL Technologies Ltd. | 0.28% | 1.06% | +0.78% |
| Fortis Healthcare Ltd. | 2.27% | 1.50% | -0.77% |
| Grasim Industries Ltd. | 1.84% | 2.55% | +0.71% |
| Cummins India Ltd. | 3.64% | 2.97% | -0.68% |
| Lupin Ltd. | 1.76% | 1.13% | -0.63% |
| FSN E-Commerce Ventures Ltd. | 1.94% | 2.54% | +0.60% |
| company:5338 | 0.00% | 0.59% | +0.59% |
| Kei Industries Ltd. | 0.21% | 0.77% | +0.57% |
| GE Vernova T&D India Ltd | 2.69% | 2.13% | -0.56% |
| Glenmark Pharmaceuticals Ltd. | 2.76% | 2.20% | -0.56% |
| company:17009 | 0.00% | 0.56% | +0.56% |
| Ather Energy Ltd. | 1.45% | 1.95% | +0.51% |
| Marico Ltd. | 1.34% | 0.83% | -0.50% |
| Multi Commodity Exchange Of India Ltd. | 0.93% | 1.42% | +0.49% |
| Hitachi Energy India Ltd. | 2.05% | 1.61% | -0.44% |
| company:2035 | 0.00% | 0.42% | +0.42% |
| Bajaj Auto Ltd. | 1.23% | 1.57% | +0.34% |
| NTPC Ltd. | 1.39% | 1.05% | -0.34% |
| The Federal Bank Ltd. | 2.34% | 2.66% | +0.32% |
| Aditya Birla Capital Ltd. | 1.38% | 1.06% | -0.32% |
| Shriram Finance Ltd | 1.45% | 1.14% | -0.30% |
| Ashok Leyland Ltd. | 1.17% | 0.91% | -0.26% |
| Steel Authority Of India Ltd. | 1.72% | 1.97% | +0.24% |
| Divi's Laboratories Ltd. | 1.39% | 1.62% | +0.23% |
| Infosys Ltd. | 0.27% | 0.48% | +0.21% |
| Navin Fluorine International Ltd. | 1.25% | 1.42% | +0.17% |
| Tata Consultancy Services Ltd. | 0.33% | 0.49% | +0.16% |
| Oracle Financial Services Software Ltd. | 1.38% | 1.53% | +0.15% |
| Thermax Ltd. | 0.86% | 0.72% | -0.14% |
| INDO-MIM Ltd. | 1.16% | 1.30% | +0.14% |
| Muthoot Finance Ltd. | 2.41% | 2.28% | -0.13% |
| Apar Industries Ltd. | 1.72% | 1.82% | +0.11% |
| Bharat Heavy Electricals Ltd. | 1.16% | 1.24% | +0.09% |
| National Aluminium Company Ltd. | 1.09% | 1.17% | +0.09% |
| Hindalco Industries Ltd. | 2.02% | 1.94% | -0.08% |
| Bharat Forge Ltd. | 1.32% | 1.25% | -0.07% |
| Indian Bank | 1.04% | 1.11% | +0.07% |
| Emcure Pharmaceuticals Ltd. | 1.00% | 0.93% | -0.06% |
| AU Small Finance Bank Ltd. | 1.89% | 1.94% | +0.05% |
| Tata Steel Ltd. | 1.18% | 1.13% | -0.04% |
| Schaeffler India Ltd. | 1.53% | 1.49% | -0.04% |
| Reliance Industries Ltd. | 1.05% | 1.02% | -0.04% |
| Avenue Supermarts Ltd. | 2.00% | 1.97% | -0.03% |
| Mazagon Dock Shipbuilders Ltd. | 0.85% | 0.88% | +0.03% |
| JSW Steel Ltd. | 0.90% | 0.89% | -0.01% |
| Eicher Motors Ltd. | 1.22% | 1.23% | +0.01% |
| Karur Vysya Bank Ltd. | 1.12% | 1.13% | +0.01% |
| TVS Motor Company Ltd. | 1.44% | 1.44% | -0.01% |
| Reserve Bank of India | 0.34% | 0.34% | 0.00% |
| Hero Motocorp Ltd. | 1.12% | 1.12% | 0.00% |
| Biocon Ltd. | 0.03% | 0.03% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 0.03% | 0.03% | 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% | 8.1% | 9.7% | 15.9% |
 Franklin India Opportunities Fund | ₹9,717 Cr | 2.08% | 6.6% | 9.5% | 18.4% |
 Kotak Business Cycle Fund | ₹3,509 Cr | 2.05% | 10.7% | 10.6% | — |
 Mahindra Manulife Business Cycle Fund | ₹1,364 Cr | 2.41% | 2.0% | 7.3% | — |
 Aditya Birla Sun Life Special Opportunities Fund | ₹1,279 Cr | 2.30% | 13.8% | 13.8% | 15.8% |
 HSBC Business Cycles Fund | ₹1,229 Cr | 2.31% | 7.5% | 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 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 months10.22% absolute | ₹60,000 | ₹66,132 | 10.22% | |
| 1 year4.69% annualised | ₹1,20,000 | ₹1,23,093 | 2.58% |
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 ₹9.01 as on 25 Sep 2026.
What is the expense ratio of Edelweiss Business Cycle Fund?
The expense ratio of Edelweiss Business Cycle Fund is 2.68% 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 ₹1,95,092 Cr under management.