Sundaram Business Cycle Fund
- NAV as on 24 Sep 2026
- ₹11.12-3.29%1 day
- Return since launch
- 6.3%
- 52-week range
- ₹9.03 — ₹11.70
- AUM
- ₹1,747 Cr
Sundaram Business Cycle Fund is a Equity Opportunities equity fund from Sundaram Mutual Fund with ₹1,747 Cr under management, launched in 2024. The expense ratio is 2.62% and the SEBI riskometer reading is Very High.
Performance
Sundaram Business Cycle Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.4% against -1.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.1% | +3.6 pts | 4.5% | 0.6% |
| 2Y | 4.7% | −0.8 pts | 5.5% | 0.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.5% | −2.4 pts | -2.1% | -2.9% |
| 3M | 1.9% | +0.1 pts | 1.8% | 0.5% |
| 6M | 17.8% | +3.9 pts | 13.9% | 10.5% |
| 1Y | 0.4% | −4.1 pts | 4.5% | -1.6% |
| 2Y | 0.3% | +1.1 pts | -0.8% | -4.2% |
Since launch (5 Jun 2024): 6.3%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.0% | −2.2 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
2.59%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.78%
- Brokerage
- 0.18%
- Transaction charges
- 0.01%
- Statutory levies
- 0.62%
- Exit load
- Exit load of 1%, if redeemed within 365 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.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Sundaram Business Cycle Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.6%
- Other0.4%
Market cap split
- Large19.8%
- Mid37.6%
- Small42.6%
- P/E
- 45.46
- P/B
- 6.02
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Radico Khaitan Ltd. | Consumer Staples | 5.23% | ₹91.32 Cr | +4.49% | — | — |
| Eternal Ltd. | Services | 4.81% | ₹84.11 Cr | +4.03% | +4.89% | +5.35% |
| PB Fintech Ltd. | Services | 4.28% | ₹74.71 Cr | +3.40% | +2.36% | +2.05% |
| TD Power Systems Ltd. | Capital Goods | 4.19% | ₹73.29 Cr | +2.29% | — | — |
| Shriram Finance Ltd | Financial | 3.86% | ₹67.44 Cr | +3.61% | — | — |
| MTAR Technologies Ltd. | Capital Goods | 3.85% | ₹67.24 Cr | +4.27% | — | — |
| Interglobe Aviation Ltd. | Services | 3.72% | ₹64.99 Cr | +3.43% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 3.63% | ₹63.47 Cr | +2.99% | +1.53% | +1.52% |
| Oracle Financial Services Software Ltd. | Technology | 3.60% | ₹62.97 Cr | +4.18% | — | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 3.39% | ₹59.22 Cr | +0.98% | — | — |
| Delhivery Ltd. | Services | 3.27% | ₹57.06 Cr | +3.55% | +2.46% | +2.18% |
| Polycab India Ltd. | Capital Goods | 3.25% | ₹56.85 Cr | +3.58% | — | — |
| company:20770 | Capital Goods | 3.23% | ₹56.46 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.99% | ₹52.19 Cr | — | — | — |
| company:20312 | Consumer Discretionary | 2.99% | ₹52.19 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.97% | ₹51.83 Cr | +2.56% | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 2.93% | ₹51.18 Cr | +3.01% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 2.92% | ₹51.04 Cr | — | — | — |
| Five-Star Business Finance Ltd. | Financial | 2.87% | ₹50.10 Cr | +3.24% | — | — |
| company:17109 | Services | 2.83% | ₹49.41 Cr | — | — | — |
| Indegene Ltd. | Healthcare | 2.81% | ₹49.02 Cr | +2.62% | +1.60% | +1.31% |
| Affle 3I Ltd. | Technology | 2.70% | ₹47.15 Cr | +2.71% | +2.44% | +2.56% |
| SJS Enterprises Ltd. | Automobile | 2.47% | ₹43.12 Cr | +2.29% | +2.22% | +0.97% |
| RateGain Travel Technologies Ltd. | Technology | 2.45% | ₹42.88 Cr | +2.74% | +1.41% | +1.25% |
| company:17108 | Services | 2.43% | ₹42.46 Cr | — | +2.13% | +3.06% |
| 360 One Wam Ltd. | Financial | 2.40% | ₹41.89 Cr | +2.47% | +1.84% | +1.36% |
| Aavas Financiers Ltd. | Financial | 2.27% | ₹39.66 Cr | +2.65% | +1.72% | — |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 2.26% | ₹39.51 Cr | — | — | — |
| Coforge Ltd. | Technology | 2.15% | ₹37.65 Cr | +2.77% | — | — |
| Kirloskar Pneumatic Company Ltd. | Capital Goods | 2.15% | ₹37.55 Cr | +2.59% | +1.89% | +1.60% |
| Tips Industries Ltd. | Services | 1.83% | ₹31.89 Cr | +2.94% | +1.36% | +1.08% |
| Mahindra & Mahindra Ltd. | Automobile | 1.78% | ₹31.14 Cr | +1.81% | +3.41% | +2.48% |
| Indusind Bank Ltd. | Financial | 1.08% | ₹18.89 Cr | +1.07% | +2.43% | — |
| Others | Others | 0.38% | ₹6.67 Cr | -0.49% | -0.38% | +1.23% |
| TVS Motor Company Ltd. | Automobile | 0.03% | ₹0.59 Cr | +0.03% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20770 | 0.00% | 3.23% | +3.23% |
| company:20312 | 0.00% | 2.99% | +2.99% |
| Ultratech Cement Ltd. | 2.84% | 0.00% | -2.84% |
| company:17109 | 0.00% | 2.83% | +2.83% |
| Bank Of Baroda | 2.46% | 0.00% | -2.46% |
| company:17108 | 0.00% | 2.43% | +2.43% |
| PB Fintech Ltd. | 3.06% | 4.28% | +1.21% |
| Amber Enterprises India Ltd. | 0.97% | 0.00% | -0.97% |
| Five-Star Business Finance Ltd. | 3.82% | 2.87% | -0.96% |
| Oracle Financial Services Software Ltd. | 4.50% | 3.60% | -0.90% |
| RateGain Travel Technologies Ltd. | 3.23% | 2.45% | -0.78% |
| Kalyan Jewellers India Ltd. | 4.06% | 3.39% | -0.67% |
| MTAR Technologies Ltd. | 3.29% | 3.85% | +0.56% |
| Delhivery Ltd. | 3.63% | 3.27% | -0.36% |
| Indegene Ltd. | 2.48% | 2.81% | +0.32% |
| Aavas Financiers Ltd. | 2.57% | 2.27% | -0.30% |
| Vedanta Aluminium Metal Ltd. | 1.97% | 2.26% | +0.29% |
| Kirloskar Oil Engines Ltd. | 3.27% | 2.99% | -0.29% |
| Ujjivan Small Finance Bank Ltd. | 3.24% | 2.97% | -0.27% |
| Others | -1.26% | -1.50% | -0.25% |
| Kirloskar Pneumatic Company Ltd. | 2.34% | 2.15% | -0.19% |
| Coforge Ltd. | 1.96% | 2.15% | +0.19% |
| TD Power Systems Ltd. | 4.01% | 4.19% | +0.18% |
| Tips Industries Ltd. | 1.99% | 1.83% | -0.16% |
| Mahindra & Mahindra Ltd. | 1.94% | 1.78% | -0.16% |
| Eternal Ltd. | 4.66% | 4.81% | +0.15% |
| Interglobe Aviation Ltd. | 3.86% | 3.72% | -0.14% |
| Nippon Life India Asset Management Ltd. | 3.05% | 2.93% | -0.12% |
| Affle 3I Ltd. | 2.81% | 2.70% | -0.12% |
| Radico Khaitan Ltd. | 5.32% | 5.23% | -0.09% |
| GE Vernova T&D India Ltd | 2.99% | 2.92% | -0.06% |
| Indusind Bank Ltd. | 1.13% | 1.08% | -0.05% |
| Polycab India Ltd. | 3.30% | 3.25% | -0.04% |
| 360 One Wam Ltd. | 2.43% | 2.40% | -0.04% |
| Shriram Finance Ltd | 3.82% | 3.86% | +0.03% |
| SJS Enterprises Ltd. | 2.49% | 2.47% | -0.02% |
| FSN E-Commerce Ventures Ltd. | 3.64% | 3.63% | -0.01% |
| TVS Motor Company Ltd. | 0.04% | 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% | 8.8% | 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 identifying medium term cycles which can impact the business fundamentals. This will be done through dynamic allocation between various themes and stocks at different stages of cycles in the economy.
Fund managers
- Madanagopal RamuMBA, Grad.CWAPrior to joining the Sundaram AMC, he was associated with Centrum Broking Pvt Ltd, Sundaram Mutual Fund, Sundaram Alternates and Motilal Oswal AMC
- Sandeep AgarwalMr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
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 months17.83% absolute | ₹60,000 | ₹70,698 | 17.83% | |
| 1 year0.41% annualised | ₹1,20,000 | ₹1,20,267 | 0.22% |
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.