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 16.4% since its launch. Return for 2023 was 32.7% , 2022 was 6.5% and 2021 was 36% . NAV as on 25 Jul 24 ₹45.2218 ↑ 0.01 (0.01 %) Net Assets (AUM) as on 30 Jun 2024 ₹925 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 11.62 Expense Ratio 1.44 % Sharpe Ratio 2.752 Information Ratio 1.27 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 25 Jul 24 Duration Returns 1 Month 1.1% 3 Month 13.2% 6 Month 29.3% 1 Year 49.4% 3 Year 26.6% 5 Year 24.2% 10 Year 15 Year Since launch 16.4% Historical Annual Returns
Year Returns 2023 32.7% 2022 6.5% 2021 36% 2020 10.4% 2019 6.2% 2018 -16.9% 2017 46.5% 2016 3.8% 2015 4.2% Growth of 10k Over Years
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,069 30 Jun 21 ₹13,114 30 Jun 22 ₹13,301 30 Jun 23 ₹17,677 30 Jun 24 ₹27,315 Asset Allocation
Asset Class Value Cash 1.47% Equity 98.53% Sector Allocation
Sector Value Industrials 31.97% Financial Services 23.68% Consumer Cyclical 16.78% Basic Materials 13.14% Energy 7.75% Real Estate 2.27% Technology 1.48% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | TRENTApparel Retail 6% ₹59 Cr 107,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANKBanks - Regional 6% ₹51 Cr 425,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCEOil & Gas Refining & Marketing 5% ₹42 Cr 135,600 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCXFinancial Data & Stock Exchanges 4% ₹37 Cr 94,300 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LTEngineering & Construction 4% ₹35 Cr 99,920 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONTEngineering & Construction 4% ₹34 Cr 274,908 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BELAerospace & Defense 3% ₹31 Cr 1,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANKBanks - Regional 3% ₹30 Cr 179,800 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABBSpecialty Industrial Machinery 3% ₹28 Cr 32,600 Aegis Logistics Ltd (Energy)
Equity, Since 31 Oct 15 | AEGISLOGOil & Gas Refining & Marketing 3% ₹25 Cr 289,000
Talk to our investment specialistFund Managers
Name Since Tenure Venugopal Manghat 20 Aug 14 9.87 Yr. Gautam Bhupal 1 Jun 23 1.08 Yr. Sonal Gupta 1 Jun 23 1.08 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 ₹45.2218
↑ 0.01 29.32 % 49.38 % 26.64 % 24.25 % L&T Business Cycles Fund - Direct
Normal Dividend, Reinvestment ₹30.7128
↑ 0.00 29.32 % 40.83 % 21.45 % 20.86 % L&T Business Cycles Fund - Direct
Normal Dividend, Payout ₹30.7128
↑ 0.00 29.32 % 40.83 % 21.45 % 20.86 % Data as on 25 Jul 24