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 - Direct 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 - Direct Returns up to 1 year are on Historical performance (Yearly) on absolute basis L&T Business Cycles Fund - Direct - G
Scheme Objective
CAGR
return of 13.1% since its launch. Return for 2022 was 6.5% , 2021 was 36% and 2020 was 10.4% . NAV as on 22 Aug 23 ₹30.3949 ↑ 0.22 (0.74 %) Net Assets (AUM) as on 31 Jul 2023 ₹643 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 7.91 Expense Ratio 1.44 % Sharpe Ratio 1.53 Information Ratio 1.02 Benchmark Not Available Min Investment Min SIP Investment Exit Load 0-18 Months (1%),18 Months and above(NIL)
Purchase not allowedNAV Price Chart
Returns
Annual Compounded Returns
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 9.8% 6 Month 19.6% 1 Year 21.2% 3 Year 27.5% 5 Year 13.2% 10 Year 15 Year Since launch 13.1% Historical Annual Returns
Year Returns 2022 6.5% 2021 36% 2020 10.4% 2019 6.2% 2018 -16.9% 2017 46.5% 2016 3.8% 2015 4.2% 2014 Growth of 10k Over Years
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,758 30 Sep 20 ₹10,174 30 Sep 21 ₹16,474 30 Sep 22 ₹17,450 30 Sep 23 ₹21,263 Asset Allocation
Asset Class Value Cash 2.16% Equity 97.84% Sector Allocation
Sector Value Industrials 34.38% Financial Services 25.62% Basic Materials 13.91% Consumer Cyclical 12.84% Energy 6.91% Real Estate 2.73% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANKBanks - Regional 8% ₹54 Cr 341,400 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANKBanks - Regional 6% ₹41 Cr 425,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LTEngineering & Construction 5% ₹30 Cr 109,798 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCEOil & Gas Refining & Marketing 4% ₹26 Cr 110,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 14 | SBINBanks - Regional 4% ₹25 Cr 450,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 500251Apparel Retail 3% ₹22 Cr 107,000 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABBSpecialty Industrial Machinery 3% ₹20 Cr 46,500 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONTEngineering & Construction 3% ₹20 Cr 274,908 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 16 | RATNAMANISteel 3% ₹20 Cr 75,000 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECHEngineering & Construction 3% ₹19 Cr 45,400
Talk to our investment specialistFund Managers
Name Since Tenure Venugopal Manghat 20 Aug 14 9.04 Yr. Gautam Bhupal 1 Jun 23 0.25 Yr. Sonal Gupta 1 Jun 23 0.25 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 - Direct
Growth ₹30.3949
↑ 0.22 19.58 % 21.15 % 27.48 % 13.24 % L&T Business Cycles Fund - Direct
Normal Dividend, Reinvestment ₹21.8967
↑ 0.16 19.58 % 21.16 % 24.69 % 11.46 % L&T Business Cycles Fund - Direct
Normal Dividend, Payout ₹21.8967
↑ 0.16 19.58 % 21.16 % 24.69 % 11.46 % Data as on 22 Aug 23