Aditya Birla Sun Life Business Cycle Fund is a Thematic fund run by Aditya Birla Sun Life Mutual Fund. On 30-09-2026, it managed ₹1,725 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 13.1% a year and its Regular plan returned 11.9% a year. Its benchmark, BSE 500 TRI, returned 10.1% a year over the same 3 years.
NAV (Direct plan)
₹16.54
▲ 1.16% · 29-10-2026
NAV (Regular plan)
₹15.56
▲ 1.17% · 29-10-2026
Expense ratio
1.56%Direct2.52%Regular
1.56%
A year
Riskometer
Very High
Set by the fund house
3 year return
13.1%Direct11.9%Regular
13.1%
A year
Aditya Birla Sun Life Business Cycle Fund NAV Today
NAV on 29-10-2026: Direct Plan Growth ₹16.54 (up 1.16% that day); Regular Plan Growth ₹15.56 (up 1.17% that day).
This fund (Direct plan)
₹16.54
Aditya Birla Sun Life Business Cycle Fund Returns vs BSE 500 TRI
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.42%
−2.71%
+4.16%
+0.12%
+13.11%
--
--
This fund (Regular)
−0.45%
−2.93%
+3.66%
−0.83%
+11.92%
--
--
BSE 500 TRI
−0.74%
−5.77%
−3.46%
−7.82%
+10.13%
+8.72%
+12.57%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
--
--
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
--
--
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
--
--
Rank in Thematic
51/235
57/232
65/232
70/215
65/133
--
--
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
Aditya Birla Sun Life Business Cycle Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
BSE 500 TRI
2026to date
+0.85%
+0.06%
−7.54%
2025
+5.67%
+4.64%
+7.63%
2024
+19.75%
+18.41%
+15.81%
2023
+20.78%
+19.18%
+26.55%
2022
+6.77%
+4.99%
+4.77%
Aditya Birla Sun Life Business Cycle Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 468 periods, one for each trading day from 09-12-2024 to 29-10-2026.
0%5%10%15%20%25%
Aditya Birla Sun Life Business Cycle Fund (Direct)
BSE 500 TRI
Feb 2022 to Feb 2025May 2022 to May 2025Sept 2022 to Sept 2025Jan 2023 to Jan 2026May 2023 to May 2026Sept 2023 to Sept 2026
Aditya Birla Sun Life Business Cycle Fund (Direct)BSE 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
5%
5-10%
60%
41%
10-15%
37%
48%
15-20%
3%
6%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
959
10.4%
−7.1%
41.6%
7%
8.9%
56%
2 years
713
16.6%
−0.5%
29.8%
0%
17.9%
34%
3 years
468
14.6%
10.4%
21.2%
0%
15.1%
29%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
47
13.3%
−15.9%
45.9%
15%
10.9%
53%
2 years
35
12.3%
−4.5%
34.4%
3%
11.8%
54%
3 years
23
12.5%
3.4%
21.1%
0%
13.8%
43%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than BSE 500 TRI over the same days. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Aditya Birla Sun Life Business Cycle Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
+0.12%
−7.66%
Standard deviation
14.24%
14.32%
Sharpe ratio
-0.36
-0.90
Sortino ratio
-0.49
-1.19
Maximum drawdown
−13.2%
(30-03-2026)
−14.8%
(30-03-2026)
Beta
0.95
1.00
Alpha
+7.25%
0.00%
From daily NAVs, 29-10-2025 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Aditya Birla Sun Life Business Cycle Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
+13.11%
+9.89%
Standard deviation
13.71%
14.19%
Sharpe ratio
0.52
0.27
Sortino ratio
0.71
0.37
Maximum drawdown
−17.8%
(03-03-2025)
−18.7%
(28-02-2025)
Beta
0.94
1.00
Alpha
+3.24%
0.00%
From daily NAVs, 27-10-2023 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
Aditya Birla Sun Life Business Cycle Fund (Direct)This fund
BSE 500 TRI
Return (CAGR)
+10.64%
+8.88%
Standard deviation
13.71%
14.22%
Sharpe ratio
0.35
0.21
Sortino ratio
0.48
0.29
Maximum drawdown
−17.8%
(03-03-2025)
−18.7%
(28-02-2025)
Beta
0.94
1.00
Alpha
+1.88%
0.00%
From daily NAVs, 08-12-2021 to 29-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−20%−15%−10%−5%0%
Aditya Birla Sun Life Business Cycle Fund (Direct)
BSE 500 TRI
20222023202420252026
Aditya Birla Sun Life Business Cycle Fund (Direct)BSE 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Aditya Birla Sun Life Business Cycle Fund (Direct)
−17.8%
27-09-2024
03-03-2025
06-07-2026
16 months
−6.5%
BSE 500 TRI
−18.7%
26-09-2024
28-02-2025
Not yet
--
−9.4%
From the Direct plan's daily NAV since 08-12-2021, adjusted for unit splits, and BSE 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Aditya Birla Sun Life Business Cycle Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Aditya Birla Sun Life Business Cycle Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.95%
0.13%
0.01%
0.47%
1.56%
1.18%
189/235
Regular
1.79%
0.13%
0.01%
0.59%
2.52%
2.41%
141/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−0.83%
0.12%
0.95%
₹99,170
₹1,00,120
3 years
11.92%
13.11%
1.19% a year
₹1,40,192
₹1,44,711
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Aditya Birla Sun Life Business Cycle Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 08-12-2021 to 29-10-2026: 59 instalments, ₹5,90,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planAditya Birla Sun Life Business Cycle Fund (Direct)
₹5,90,000
₹7,59,820
₹1,69,820
10.3%
Regular planAditya Birla Sun Life Business Cycle Fund (Regular)
Direct planAditya Birla Sun Life Business Cycle Fund (Direct)Regular planAditya Birla Sun Life Business Cycle Fund (Regular)BSE 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
99.1%Equity
Asset
Fund
Category
Equity
99.1%
94.5%
Cash and others
0.9%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
32.6%
45.7%
Mid Cap
25.0%
19.6%
Small Cap
40.1%
24.1%
Foreign stocks
1.3%
2.7%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Aditya Birla Sun Life Business Cycle Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks12.9%
IT - Software9.7%
Pharmaceuticals & Biotechnology8.0%
Finance7.4%
Industrial Products7.0%
Auto Components6.1%
Retailing6.0%
Automobiles5.9%
Healthcare Services5.5%
Non - Ferrous Metals4.1%
The ten largest of 24 sectors. The other 14 add up to 26.5%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
14.7%
13.2%
12.9%
−1.8%
IT - Software
10.4%
9.9%
9.7%
−0.7%
Pharmaceuticals & Biotechnology
7.6%
7.5%
8.0%
+0.4%
Finance
5.9%
7.7%
7.4%
+1.5%
Industrial Products
5.8%
7.0%
7.0%
+1.3%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Aditya Birla Sun Life Business Cycle Fund Portfolio Holdings
As on 30-09-2026 · 58 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
ICICI Bank Ltd.
Banks
4.04%
0.0%
The Federal Bank Ltd.
Banks
3.28%
0.0%
Shivalik Bimetal Controls Ltd.
Industrial Products
2.92%
0.0%
R R Kabel Ltd.
Industrial Products
2.76%
0.0%
Birlasoft Ltd.
IT - Software
2.63%
0.0%
Shaily Engineering Plastics Ltd.
Consumer Durables
2.59%
0.0%
Sai Life Sciences Ltd.
Pharmaceuticals & Biotechnology
2.57%
0.0%
Craftsman Automation Ltd.
Auto Components
2.54%
0.0%
S.J.S. Enterprises Ltd.
Auto Components
2.50%
0.0%
Karur Vysya Bank Ltd.
Banks
2.49%
0.0%
TVS Motor Company Ltd.
Automobiles
2.39%
0.0%
Vedanta Aluminium Metal Ltd.
Non - Ferrous Metals
2.35%
0.0%
Zensar Technologies Ltd.
IT - Software
2.31%
0.0%
Ajanta Pharma Ltd.
Pharmaceuticals & Biotechnology
2.28%
0.0%
Muthoot Finance Ltd.
Finance
2.28%
0.0%
Torrent Pharmaceuticals Ltd.
Pharmaceuticals & Biotechnology
2.23%
0.0%
Thyrocare Technologies Ltd.
Healthcare Services
2.18%
0.0%
Jindal Steel Ltd.
Ferrous Metals
2.09%
0.0%
Ather Energy Ltd.
Automobiles
2.07%
0.0%
Syrma SGS Technology Ltd.
Industrial Manufacturing
2.05%
0.0%
FSN E-Commerce Ventures Ltd.
Retailing
2.04%
0.0%
Mastek Ltd.
IT - Software
1.94%
0.0%
JSW Steel Ltd.
Ferrous Metals
1.89%
0.0%
Narayana Hrudayalaya Ltd.
Healthcare Services
1.86%
0.0%
CG Power and Industrial Solutions Ltd.
Electrical Equipment
1.81%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
1.74%
0.0%
Bank of Maharashtra
Banks
1.65%
0.0%
The Phoenix Mills Ltd.
Realty
1.62%
0.0%
Shriram Finance Ltd.
Finance
1.57%
0.0%
Chalet Hotels Ltd.
Leisure Services
1.52%
0.0%
Fortis Healthcare Ltd.
Healthcare Services
1.52%
0.0%
JK Cement Ltd.
Cement & Cement Products
1.48%
0.0%
Persistent Systems Ltd.
IT - Software
1.45%
0.0%
Eicher Motors Ltd.
Automobiles
1.41%
0.0%
Indian Bank
Banks
1.40%
0.0%
Lenskart Solutions Ltd.
Retailing
1.39%
0.0%
Honasa Consumer Ltd.
Personal Products
1.38%
0.0%
Eternal Ltd.
Retailing
1.36%
0.0%
APL Apollo Tubes Ltd.
Industrial Products
1.36%
0.0%
Cognizant Technology Solutions Corporation
IT - Software
1.33%
0.0%
Larsen & Toubro Ltd.
Construction
1.30%
0.0%
Bharat Electronics Ltd.
Aerospace & Defense
1.28%
0.0%
Meesho Ltd.
Retailing
1.22%
0.0%
Delhivery Ltd.
Transport Services
1.11%
0.0%
GMR Airports Ltd.
Transport Infrastructure
1.10%
0.0%
Thomas Cook (India) Ltd.
Leisure Services
1.09%
0.0%
Pricol Ltd.
Auto Components
1.06%
0.0%
Grasim Industries Ltd.
Cement & Cement Products
1.03%
New
Marico Ltd.
Agricultural Food & other Products
0.96%
0.0%
Bajaj Finance Ltd.
Finance
0.95%
0.0%
L&T Finance Ltd.
Finance
0.92%
0.0%
Procter & Gamble Health Ltd.
Pharmaceuticals & Biotechnology
0.92%
0.0%
Sundaram Finance Ltd.
Finance
0.87%
0.0%
Ambuja Cements Ltd.
Cement & Cement Products
0.85%
0.0%
Mas Financial Services Ltd.
Finance
0.81%
0.0%
Sobha Ltd.
Realty
0.71%
0.0%
Vedanta Ltd.
Diversified Metals
0.70%
0.0%
Kirloskar Brothers Ltd.
Industrial Products
0.01%
0.0%
Aditya Birla Sun Life Business Cycle Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Ultratech Cement Ltd.
↓Sold out
−100%
was 1.08%
Grasim Industries Ltd.
↑New
New
1.03%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Aditya Birla Sun Life Business Cycle Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.56%
Expense ratio (Regular)
2.52%
Category
Thematic
Risk
Very High
Benchmark
BSE 500 TRI
Launch date
03-12-2021
Minimum investment
₹500
Minimum additional investment
₹500
AUM
₹1,725.11 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
149295
ISIN (Direct)
INF209KB14D2
Scheme code (Regular)
149296
ISIN (Regular)
INF209KB12D6
NAV history
From 08-12-2021, 4.9 years
Exit load
Exit load of 1%, if redeemed within 30 days.
Tax on Aditya Birla Sun Life Business Cycle Fund returns
Aditya Birla Sun Life Business Cycle Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹16.54
29-10-2026
direct
IDCW Payout
₹14.47
29-10-2026
regular
Growth
₹15.56
29-10-2026
regular
IDCW Payout
₹13.61
29-10-2026
About Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Business Cycle Fund is a mutual fund from Aditya Birla Sun Life Mutual Fund. Its category is Thematic. It was launched on 03-12-2021. Its benchmark is BSE 500 TRI. At the end of September 2026 it held 58 securities.
Fund Manager
Harish Krishnan
Fund manager of Aditya Birla Sun Life Business Cycle Fund, since 03-11-2023
Pavas Pethia
Fund manager of Aditya Birla Sun Life Business Cycle Fund, since 12-05-2026
Frequently Asked Questions for Aditya Birla Sun Life Business Cycle Fund
What is the current NAV of Aditya Birla Sun Life Business Cycle Fund?
The Direct plan NAV is ₹16.54. The Regular plan NAV is ₹15.56, as on 29-10-2026.
What are the returns of Aditya Birla Sun Life Business Cycle Fund?
The Direct plan returned +0.12% in 1 year, +13.11% a year over 3 years. The Regular plan returned −0.83% in 1 year, +11.92% a year over 3 years. These figures are as on 29-10-2026.
What is the expense ratio of Aditya Birla Sun Life Business Cycle Fund?
The Direct plan charges 1.56% a year. The Regular plan charges 2.52% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Aditya Birla Sun Life Business Cycle Fund?
Aditya Birla Sun Life Business Cycle Fund managed ₹1,725.11 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Aditya Birla Sun Life Business Cycle Fund?
At the end of September 2026 the largest holdings were ICICIBANK (4.04%), FEDERALBNK (3.28%), SBCL (2.92%), RRKABEL (2.76%), BSOFT (2.63%). The fund held 58 securities in all.
What did Aditya Birla Sun Life Business Cycle Fund buy and sell in September 2026?
It bought 1 new stock: Grasim Industries Ltd. It sold out of 1: Ultratech Cement Ltd.
How do I invest in Aditya Birla Sun Life Business Cycle Fund?
Through Aditya Birla Sun Life Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹500. You can invest once or through a monthly SIP.
Who is the fund manager of Aditya Birla Sun Life Business Cycle Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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