Tata Business Cycle Fund

Q: What are the returns of this mutual fund scheme?

The Tata Business Cycle Fund is a 4 yrs 4 m old fund and has delivered average annual returns of 15.83% since inception. Tata Business Cycle Fund Returns 1-Year 3-Year Since Inception -1.99% 16.08% 15.83%

Q: How much does this mutual fund charge as expense ratio?

The Tata Business Cycle Fund has an expense ratio of 1.93% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹18.8857-0.13% 1 day change	15.83% p.a.	App exclusive #NA View Ranked Funds	₹2,915 Cr

Historical NAV & returns

NAV: ₹18.8857 as on Dec 04, 2025

This fund Category average

Tata Business Cycle Fund overview

AUM (Fund size)	₹2,915 Cr
Exit load	0.5% Exit load of 0.50%, if redeemed within 30 days.!
Lock-in Period	Nil
Age	4 yrs 4 m since Jul 16, 2021
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.93% as on Nov 30, 2025
Plan type	Regular
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 Dec 01, 2025

Period	This fund	Category average
1 Month	-1.38%	1.01%
3 Months	1.91%	3.78%
6 Months	3.72%	3.39%
1 Year	-1.99%	-1.05%
2 Years	11.73%	12.65%
3 Years	16.08%	14.94%
4 Years	16.43%	13.42%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 55.36%

Mid Cap 16.59%

Small Cap 25.8%

Other Cap 0%

Top holdings

Reliance Industries Ltd.6.61%

HDFC Bank Ltd.4.92%

Jindal Steel Ltd.3.62%

Axis Bank Ltd.3.29%

Top sectors

Financial 24.86%

Energy 10.770000000000001%

Healthcare 9.739999999999998%

Materials 9.350000000000001%

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 2.15%

Repo 0.1%

Mutual Fund 0.09052829%

Other Holdings

Others 0.1%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Tata Business Cycle Fund	-1.38%	3.72%	-1.99%	16.08%	N.A.	N.A.
ICICI Prudential India Opportunities Fund	1.24%	7.58%	9.42%	21.94%	28.14%	14.07%
ICICI Prudential Dividend Yield Equity Fund	0.38%	7.77%	8.28%	22.18%	26.28%	16.24%
ICICI Prudential Value Fund	2.09%	7.94%	9.87%	20.43%	24.26%	15.82%
SBI Contra Fund	0.6%	5.21%	2.42%	18.94%	25.74%	16.58%
ICICI Prudential Diversified Equity All Cap Omni FoF	0.76%	6.37%	6.12%	20.24%	23.23%	12.39%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Tata Business Cycle Fund	13.03	0.96	0.77	1.2
ICICI Prudential India Opportunities Fund	11.43	0.82	1.29	2.27
ICICI Prudential Dividend Yield Equity Fund	11.98	0.85	1.25	1.93
ICICI Prudential Value Fund	10.97	0.78	1.22	2.09
SBI Contra Fund	12.15	0.9	1.01	1.6
ICICI Prudential Diversified Equity All Cap Omni FoF	11.69	0.87	1.13	1.78

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Tata Business Cycle Fund	N.A.	2,915 Cr	4 yrs 4 m	1.93%
ICICI Prudential India Opportunities Fund	N.A.	32,669 Cr	6 yrs 11 m	1.56%
ICICI Prudential Dividend Yield Equity Fund	N.A.	6,232 Cr	11 yrs 7 m	1.8%
ICICI Prudential Value Fund	N.A.	57,935 Cr	21 yrs 5 m	1.48%
SBI Contra Fund	N.A.	49,218 Cr	20 yrs 7 m	1.48%
ICICI Prudential Diversified Equity All Cap Omni FoF	N.A.	238 Cr	5 yrs 10 m	0.99%

View all Strategy funds

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

Alpha	1.53 vs. 4.3 Underperformed at beating benchmark
Sharpe	0.77 vs. 4.56 Poor risk-adjusted returns
Beta	0.96 vs. 0.73 More sensitive to market's ups & downs
Standard deviation	13.03 vs. 8.93 More volatile performance

Compare Tata Business Cycle Fund in detail with

About this fund

About Tata Business Cycle Fund

Tata Business Cycle Fund is a Strategy mutual fund scheme from Tata Mutual Fund. This fund has been in existence for 4 yrs 4 m, having been launched on 16/07/2021. Tata Business Cycle Fund has ₹2,915 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Tata Business Cycle Fund as of 04/12/2025 is ₹18.89. The fund has an expense ratio of 1.93%, which is higher than what most other Strategy funds charge.

Tata Business Cycle Fund returns of last 1-year are -3.37%. Since launch, it has delivered 15.79% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Tata Business Cycle Fund 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, Healthcare, Materials, 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 Reliance Industries Ltd., HDFC Bank Ltd., Jindal Steel Ltd., Axis Bank Ltd., Metropolis Healthcare Ltd..

...

Fund AUM	2,915 Cr as on Oct 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	61 view all schemes
Total AUM	2,17,939 Cr as on Sep 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.	11,792 Cr	-13.39%	24.43%
Tata Infrastructure Fund	N.A.	2,136 Cr	-10.87%	24.08%
Tata Mid Cap Fund	N.A.	5,283 Cr	3.04%	21.62%
Tata Value Fund	N.A.	8,882 Cr	1.23%	19.45%
Tata Resources & Energy Fund	N.A.	1,232 Cr	1.58%	18.85%
Tata Digital India Fund	N.A.	11,794 Cr	-10.56%	18.25%

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 plan is approximately ₹18.8857 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The Tata Business Cycle Fund is a 4 yrs 4 m old fund and has delivered average annual returns of 15.83% since inception.

Tata Business Cycle Fund Returns

1-Year	3-Year	Since Inception
-1.99%	16.08%	15.83%

How much does this mutual fund charge as expense ratio?

The Tata Business Cycle Fund has an expense ratio of 1.93%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 2,915 Cr as on Oct 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
Reliance Industries Ltd.	6.61%
HDFC Bank Ltd.	4.92%
Jindal Steel Ltd.	3.62%
Axis Bank Ltd.	3.29%
Metropolis Healthcare Ltd.	3.09%
Larsen & Toubro Ltd.	2.97%
L&T Finance Ltd.	2.84%
Ambuja Cements Ltd.	2.49%
Lupin Ltd.	2.48%
Godrej Properties Ltd.	2.44%

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	24.86%
Energy	10.770000000000001%
Healthcare	9.739999999999998%
Materials	9.350000000000001%
Services	8.53%
Capital Goods	6.550000000000001%
Construction	6.32%
Metals & Mining	6.3100000000000005%
Insurance	4.970000000000001%
Consumer Staples	4.6899999999999995%

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 can I redeem my investments in Tata Business Cycle Fund?

Redeeming your investments in the Tata Business Cycle Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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