Table of Contents To seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy L&T Business Cycles Fund is a Equity - Sectoral fund launched on 20 Aug 14. It is a fund with Moderately High risk and has given a Below is the key information for L&T Business Cycles Fund Returns up to 1 year are on Historical performance (Yearly) on absolute basis L&T Business Cycles Fund - G
Scheme Objective
CAGR
return of 13.5% since its launch. Ranked 19 in Sectoral
category. Return for 2023 was 31.3% , 2022 was 5.3% and 2021 was 34.5% . NAV as on 27 Mar 24 ₹33.8754 ↑ 0.17 (0.50 %) Net Assets (AUM) as on 29 Feb 2024 ₹770 Cr. Launch Date 20 Aug 2014 Category Equity - Sectoral Rating ☆☆☆☆ Type Open Ended Fund Risk Moderately High AMC L&T Investment Management Ltd Alpha Ratio 8.33 Expense Ratio 2.51 % Sharpe Ratio 2.919 Information Ratio 0.56 Benchmark Not Available Min Investment ₹5,000 Min SIP Investment ₹500 Exit Load 0-18 Months (1%),18 Months and above(NIL) NAV Price Chart
Returns
Annual Compounded Returns
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 27 Mar 24 Duration Returns 1 Month -2.9% 3 Month 7.2% 6 Month 18.6% 1 Year 45.5% 3 Year 21.9% 5 Year 17.6% 10 Year 15 Year Since launch 13.5% Historical Annual Returns
Year Returns 2023 31.3% 2022 5.3% 2021 34.5% 2020 9.3% 2019 5.3% 2018 -17.5% 2017 45.6% 2016 3.2% 2015 3.5% Growth of 10k Over Years
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,153 28 Feb 21 ₹13,637 28 Feb 22 ₹15,812 28 Feb 23 ₹17,001 29 Feb 24 ₹24,967 Asset Allocation
Asset Class Value Cash 1.29% Equity 98.71% Sector Allocation
Sector Value Industrials 33.32% Financial Services 23.99% Basic Materials 15.19% Consumer Cyclical 15.1% Energy 6.61% Real Estate 2.89% Technology 0.5% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANKBanks - Regional 6% ₹44 Cr 425,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LTEngineering & Construction 5% ₹35 Cr 99,920 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 500251Apparel Retail 4% ₹33 Cr 107,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCXFinancial Data & Stock Exchanges 4% ₹32 Cr 94,300 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCEOil & Gas Refining & Marketing 4% ₹31 Cr 110,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANKBanks - Regional 4% ₹26 Cr 179,800 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECHEngineering & Construction 3% ₹24 Cr 45,400 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONTEngineering & Construction 3% ₹24 Cr 274,908 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABBSpecialty Industrial Machinery 3% ₹20 Cr 42,700 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Aug 14 | ULTRACEMCOBuilding Materials 3% ₹20 Cr 19,600
Talk to our investment specialistFund Managers
Name Since Tenure Venugopal Manghat 20 Aug 14 9.54 Yr. Gautam Bhupal 1 Jun 23 0.75 Yr. Sonal Gupta 1 Jun 23 0.75 Yr. Custodians
Company Address Citibank N.A. India Trent House, 3rd Floor, G Block,,Plot No.60, Next to Citibank,,Bandra Kurla Complex,,Bandra (East), Registrar & Transfer Agent
Computer Age Management Services Ltd Address New No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam FAX 91-44-28283610 Email enq_L@camsonline.com Administrator Companies
Company Address HSBC Mutual Fund 16, V N Road, Fort, Mumbai 400 001 Auditors
Company Address M/s. Price Waterhouse India,252, Veer Savarkar Marg,,Next to Mayor's Bungalow, Shivaji Park,,Dadar, All Plan & Options
Fund and Plan NAV 6 Month 1 Year 3 Year 5 Year L&T Business Cycles Fund
Normal Dividend, Reinvestment ₹23.3667
↑ 0.12 18.64 % 36.99 % 17.05 % 14.56 % L&T Business Cycles Fund
Normal Dividend, Payout ₹23.3667
↑ 0.12 18.64 % 36.99 % 17.05 % 14.56 % L&T Business Cycles Fund
Growth ₹33.8754
↑ 0.17 18.64 % 45.47 % 21.94 % 17.63 % Data as on 27 Mar 24