Tata Business Cycle Fund Direct - Growth

Q: What are the returns of Tata Business Cycle Fund?

The Tata Business Cycle Fund is a 4 yrs old fund and has delivered average annual returns of 19.77% since inception. Tata Business Cycle Fund Returns 1-Year 3-Year Since Inception 0.4% 24.48% 19.77%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹20.3789+0.49% 1 day change	19.77% p.a.	#NA View Ranked Funds	₹2,909 Cr

Historical NAV & returns

NAV: ₹20.3789 as on Jul 21, 2025

This fund Category average

Tata Business Cycle Fund overview

Expense ratio	0.49% as on May 31, 2025
Exit load	1.0% Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.!
AUM (Fund size)	₹2,909 Cr
Lock-in Period	Nil
Age	4 yrs since Jul 16, 2021
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Tata Business Cycle Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 09, 2025

Period	This fund	Category average
1 Month	0.91%	0.2%
3 Months	5.79%	6.62%
6 Months	8.67%	8.56%
1 Year	0.4%	2.98%
2 Years	22.14%	21.64%
3 Years	24.48%	21.91%

View returns in detail

Asset allocationas on May 31, 2025

Large Cap 53.68%

Mid Cap 18.66%

Small Cap 25.38%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.23%

Reliance Industries Ltd.5.65%

Kotak Mahindra Bank Ltd.3.69%

Axis Bank Ltd.3.19%

Top sectors

Financial 30.350000000000005%

Energy 9.370000000000001%

Materials 8.95%

Healthcare 8.530000000000001%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Cash/Net Current Assets 2.16%

Repo 0.12%

Mutual Fund 0.08049497%

Other Holdings

Others 0.12%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Tata Business Cycle Fund	N.A.	2,909 Cr	4 yrs	0.49%
ICICI Prudential India Opportunities Fund	N.A.	27,197 Cr	6 yrs 6 m	0.63%
SBI Contra Fund	N.A.	44,069 Cr	12 yrs 6 m	0.62%
ICICI Prudential Value Fund	N.A.	51,112 Cr	12 yrs 6 m	0.99%
ICICI Prudential Dividend Yield Equity Fund	N.A.	5,231 Cr	11 yrs 2 m	0.58%
ICICI Prudential India Equity FOF	N.A.	179 Cr	5 yrs 5 m	0.63%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Tata Business Cycle Fund	0.91%	8.67%	0.4%	24.48%	N.A.	N.A.
ICICI Prudential India Opportunities Fund	-0.54%	10.45%	8.69%	27.3%	32.76%	14.48%
SBI Contra Fund	0.0%	6.82%	1.9%	24.33%	32.91%	16.6%
ICICI Prudential Value Fund	-0.49%	9.35%	6.46%	24.25%	27.83%	15.73%
ICICI Prudential Dividend Yield Equity Fund	-0.37%	9.79%	4.94%	27.4%	30.93%	16.61%
ICICI Prudential India Equity FOF	0.13%	8.91%	6.26%	23.56%	28.2%	12.51%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Tata Business Cycle Fund	13.96	0.96	1.36	2.01
ICICI Prudential India Opportunities Fund	11.92	0.8	1.74	2.97
SBI Contra Fund	12.58	0.86	1.51	2.4
ICICI Prudential Value Fund	11.51	0.76	1.55	2.66
ICICI Prudential Dividend Yield Equity Fund	12.58	0.84	1.65	2.51
ICICI Prudential India Equity FOF	12.1	0.84	1.46	2.23

View all Strategy funds

Key risk & return ratios Compared to other funds in the category

Alpha	5.18 vs. 6.22 Underperformed at beating benchmark
Sharpe	1.36 vs. 6.51 Poor risk-adjusted returns
Beta	0.96 vs. 0.94 More sensitive to market's ups & downs
Standard deviation	13.96 vs. 9.57 More volatile performance

Compare Tata Business Cycle Fund in detail with

About this fund

About Tata Business Cycle Fund

Tata Business Cycle Fund Direct - Growth is a Strategy mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 4 yrs, having been launched on 16/07/2021. Tata Business Cycle Fund Direct - Growth has ₹2,909 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Tata Business Cycle Fund Direct - Growth as of 21/07/2025 is ₹20.38. The fund has an expense ratio of 0.49%, which is less than what most other Strategy funds charge.

Tata Business Cycle Fund Direct - Growth returns of last 1-year are 0.87%. Since launch, it has delivered 19.67% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Tata Business Cycle Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund has the majority of its money invested in Financial, Energy, Materials, Healthcare, Services sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Reliance Industries Ltd., Kotak Mahindra Bank Ltd., Axis Bank Ltd., Larsen & Toubro Ltd..

...

Fund AUM	2,909 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Murthy Nagarajan

Mr. Nagarajan is a M.Com, ICWA and PGPMS. Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd..

Sailesh Jain

Mr. Jain is a Commerce Graduate and an MBA. Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.

Rahul Singh

Mr. Singh is B.Tech & PGDBM Prior to Tata AMC, he has worked with Ampersand Capital Investment Advisors LLP, Standard Chartered Securities and Citigroup Global Markets India.

Investment objective

The scheme seeks to generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles.

Tata Mutual Fund details

No. of schemes	57 view all schemes
Total AUM	1,96,797 Cr as on Jun 30, 2025
Address	9th Floor, Mafatlal Centre, Nariman Point, Mumbai, 400021
Email	service@tataamc.com
Phone	1800-209-0101

More funds from Tata Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Tata Small Cap Fund	N.A.	10,529 Cr	7.7%	35.6%
Tata Infrastructure Fund	N.A.	2,227 Cr	-8.27%	32.0%
Tata Mid Cap Fund	N.A.	4,701 Cr	2.08%	28.55%
Tata Resources & Energy Fund	N.A.	1,118 Cr	5.88%	26.15%
Tata Digital India Fund	N.A.	11,688 Cr	-1.62%	25.78%
Tata India Pharma & HealthCare Fund	N.A.	1,232 Cr	13.15%	23.75%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Tata Business Cycle Fund?

The current Net Asset Value (NAV) of the Tata Business Cycle Fund - Direct Growth plan is approximately ₹20.3789 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The Tata Business Cycle Fund is a 4 yrs old fund and has delivered average annual returns of 19.77% since inception.

Tata Business Cycle Fund Returns

1-Year	3-Year	Since Inception
0.4%	24.48%	19.77%

How much does this mutual fund charge as expense ratio?

The Tata Business Cycle Fund - Direct Growth has an expense ratio of 0.49%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Tata Business Cycle Fund currently has assets under management (AUM) or fund size valued at approximately 2,909 Cr as on May 31, 2025.

What are the top stock holdings of Tata Business Cycle Fund?

The Tata Business Cycle Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	6.23%
Reliance Industries Ltd.	5.65%
Kotak Mahindra Bank Ltd.	3.69%
Axis Bank Ltd.	3.19%
Larsen & Toubro Ltd.	2.72%
Bharti Airtel Ltd.	2.49%
Lupin Ltd.	2.48%
Ambuja Cements Ltd.	2.45%
HDFC Life Insurance Co Ltd.	2.25%
Shree Cement Ltd.	2.23%

What are the top sectors Tata Business Cycle Fund has invested in?

The Tata Business Cycle Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	30.350000000000005%
Energy	9.370000000000001%
Materials	8.95%
Healthcare	8.530000000000001%
Services	7.62%
Insurance	6.5%
Construction	6.35%
Metals & Mining	5.52%
Capital Goods	5.1899999999999995%
Technology	3.45%

What is risk level of Tata Business Cycle Fund?

This is a Strategy fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Tata Business Cycle Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Tata Business Cycle Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Tata Business Cycle Fund is complete.

How can I redeem my investments in Tata Business Cycle Fund?

Redeeming your investments in Tata Business Cycle Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Tata Business Cycle Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Strategy

#NA

Return Outperformance: This fund has generated highest return amongst Strategy funds in the last 3 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.