L&T Business Cycles Fund - Direct - G

NAV ₹48.3603 ↓ -0.03 (-0.05 %) as on 10 Jun 25

Table of Contents

Scheme Objective
NAV Price Chart
Returns
- Historical Returns
- Compounded Returns
Growth Of 10k Over Years
Holdings / Portfolio
All Plan & Options
Fund Manager Information
Custodians
Registrar & Transfer Agent (RTA)
Administrator Companies
Auditors

Scheme Objective

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 CAGR return of 15.7% since its launch. Return for 2024 was 37.8% , 2023 was 32.7% and 2022 was 6.5% .

Below is the key information for L&T Business Cycles Fund - Direct

NAV as on 10 Jun 25	₹48.3603 ↓ -0.03 (-0.05 %)
Net Assets (AUM) as on 30 Apr 2025	₹998 Cr.
Launch Date	20 Aug 2014
Category	Equity - Sectoral
Rating	Not Rated
Type	Open Ended Fund
Risk	Moderately High
AMC	L&T Investment Management Ltd

Alpha Ratio	2.09
Expense Ratio	1.36 %
Sharpe Ratio	0.115
Information Ratio	0.86
Benchmark	Not Available
Min Investment
Min SIP Investment
Exit Load	0-18 Months (1%),18 Months and above(NIL)

Purchase not allowed

NAV Price Chart

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 25

Duration	Returns
1 Month	12.9%
3 Month	21.9%
6 Month	-2%
1 Year	13.6%
3 Year	28.6%
5 Year	30.4%
10 Year
15 Year
Since launch	15.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

Year	Returns
2024	37.8%
2023	32.7%
2022	6.5%
2021	36%
2020	10.4%
2019	6.2%
2018	-16.9%
2017	46.5%
2016	3.8%

Growth of 10k Over Years

Date	Value
31 May 20	₹10,000
31 May 21	₹17,461
31 May 22	₹19,065
31 May 23	₹23,196
31 May 24	₹34,300
31 May 25	₹38,298

Asset Allocation

Asset Class	Value
Cash	4%
Equity	96%

Sector Allocation

Sector	Value
Financial Services	32.8%
Industrials	26.49%
Consumer Cyclical	16.48%
Basic Materials	11.46%
Energy	6.63%
Technology	1.27%
Real Estate	0.88%

Top Securities Holdings / Portfolio

Holdings/Securities

Name	Global Industry	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 14 \| ICICIBANK	Banks - Regional	6%	₹61 Cr	425,000
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 18 \| RELIANCE	Oil & Gas Refining & Marketing	6%	₹56 Cr	401,700
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Dec 22 \| MCX	Financial Data & Stock Exchanges	5%	₹52 Cr	85,600 ↓ -8,700
Trent Ltd (Consumer Cyclical) Equity, Since 31 Dec 16 \| 500251	Apparel Retail	5%	₹49 Cr	95,680
HDFC Bank Ltd (Financial Services) Equity, Since 31 Aug 14 \| HDFCBANK	Banks - Regional	5%	₹48 Cr	246,800
Power Finance Corp Ltd (Financial Services) Equity, Since 31 Jan 24 \| 532810	Credit Services	2%	₹25 Cr	603,200
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 28 Feb 25 \| KOTAKBANK	Banks - Regional	2%	₹24 Cr	110,300
PB Fintech Ltd (Financial Services) Equity, Since 31 Dec 23 \| 543390	Insurance Brokers	2%	₹24 Cr	149,200
Power Mech Projects Ltd (Industrials) Equity, Since 31 Oct 22 \| POWERMECH	Engineering & Construction	2%	₹24 Cr	90,800
Ahluwalia Contracts (India) Ltd (Industrials) Equity, Since 31 Jan 15 \| AHLUCONT	Engineering & Construction	2%	₹23 Cr	274,908

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Fund Managers

Name	Since	Tenure
Gautam Bhupal	1 Jun 23	2 Yr.
Sonal Gupta	1 Jun 23	2 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	₹48.3603 ↓ -0.03	-1.97 %	13.61 %	28.64 %	30.41 %
L&T Business Cycles Fund - Direct Normal Dividend, Reinvestment	₹30.2714 ↓ -0.02	-1.97 %	12.94 %	28.08 %	29.97 %
L&T Business Cycles Fund - Direct Normal Dividend, Payout	₹30.2714 ↓ -0.02	-1.97 %	12.94 %	28.08 %	29.97 %
Data as on 10 Jun 25

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.

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