Aditya Birla Sun Life Business Cycle Fund vs Aditya Birla Sun Life Flexi Cap Fund
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund and Aditya Birla Sun Life Flexi Cap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Business Cycle Fund (Direct) returned 13.1% a year and Aditya Birla Sun Life Flexi Cap Fund (Direct) returned 15.2% a year. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Aditya Birla Sun Life Flexi Cap Fund 0.91% (Direct plans). Their portfolios overlap 27.0%: they hold 20 of the same securities.
Aditya Birla Sun Life Business Cycle Fund
Thematic
- 3 year return
- 13.1%
- Expense ratio
- 1.56%
- NAV
- ₹16.54
Aditya Birla Sun Life Flexi Cap Fund
Flexi Cap
- 3 year return
- 15.2%
- Expense ratio
- 0.91%
- NAV
- ₹2,119.11
Which is better, Aditya Birla Sun Life Business Cycle or Aditya Birla Sun Life Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Flexi Cap returned more over 3 years: 15.2% a year against 13.1%.
- Aditya Birla Sun Life Flexi Cap returned more over 1 year: 1.1% against 0.1%.
- Aditya Birla Sun Life Flexi Cap costs less: 0.91% a year against 1.56% (Direct plans).
- Aditya Birla Sun Life Flexi Cap swung less over 3 years: a standard deviation of 13.3% a year against 13.7%.
- Aditya Birla Sun Life Business Cycle fell less in its worst fall since 08-12-2021: −17.8% against −19.5%.
- Aditya Birla Sun Life Business Cycle holds 1.3% of the fund in foreign stocks; Aditya Birla Sun Life Flexi Cap 0.0%.
- Aditya Birla Sun Life Flexi Cap holds more in large companies: 53.5% of the fund in large caps against 32.6%.
- Aditya Birla Sun Life Flexi Cap is the larger fund: ₹27,982 Cr against ₹1,725 Cr.
- Their portfolios overlap 27.0%: 20 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Business Cycle Fund | Aditya Birla Sun Life Flexi Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Category | Thematic | Flexi Cap |
| AUM | ₹1,725 Cr (30-09-2026) | ₹27,982 Cr (30-09-2026) |
| NAV | ₹16.54 (Direct) | ₹2,119.11 (Direct) |
| Expense ratio (Direct) | 1.56% | 0.91% |
| Expense ratio (Regular) | 2.52% | 1.68% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 03-12-2021 | 27-08-1998 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Harish Krishnan, Pavas Pethia | Harish Krishnan, Dhaval Joshi |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load of 1%, if redeemed within 90 days. |
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund (Direct) | −0.42% | −2.71% | +4.16% | +0.12% | +13.11% | -- | -- |
| Aditya Birla Sun Life Flexi Cap Fund (Direct) | −0.04% | −3.36% | +3.32% | +1.05% | +15.16% | +10.79% | +13.19% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 235 Thematic funds and the 46 Flexi Cap funds, same plan type.
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: Year-wise Returns
| Year | Business CycleAditya Birla Sun Life Business Cycle | Flexi CapAditya Birla Sun Life Flexi Cap |
|---|---|---|
| 2026to date | +0.85% | −0.21% |
| 2025 | +5.67% | +12.09% |
| 2024 | +19.75% | +19.49% |
| 2023 | +20.78% | +26.99% |
| 2022 | +6.77% | −0.27% |
| 2021 | -- | +31.38% |
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Aditya Birla Sun Life Business Cycle Fund
Rolling returns
Every 3-year holding period, 468 of them, one for each trading day from 09-12-2024 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Aditya Birla Sun Life Flexi Cap Fund (Direct)
BSE 500 TRI
to
Feb 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle | 0.0 | 0.0 | 0.0 | 59.8 | 36.8 | 3.4 | 0.0 | 14.9% | 14.6% | 10.4% | 21.2% | 29% |
| Aditya Birla Sun Life Flexi Cap | 0.0 | 0.0 | 0.0 | 21.4 | 65.8 | 12.8 | 0.0 | 17.4% | 17.6% | 11.2% | 23.6% | 93% |
| BSE 500 TRI | 0.0 | 0.0 | 5.3 | 41.0 | 47.9 | 5.8 | 0.0 | 15.0% | 15.1% | 8.4% | 22.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 08-12-2021. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹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 |
|---|---|---|---|---|
| Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct) | ₹5,90,000 | ₹7,59,820 | ₹1,69,820 | 10.3% |
| Aditya Birla Sun Life Flexi CapAditya Birla Sun Life Flexi Cap Fund (Direct) | ₹5,90,000 | ₹7,96,495 | ₹2,06,495 | 12.2% |
Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct)
Aditya Birla Sun Life Flexi CapAditya Birla Sun Life Flexi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), 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 vs Aditya Birla Sun Life Flexi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Business Cycle Fund (Direct) | Aditya Birla Sun Life Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.12% | +1.05% |
| Standard deviation | 14.24% | 13.48% |
| Sharpe ratio | -0.36 | -0.31 |
| Sortino ratio | -0.49 | -0.42 |
| Maximum drawdown | −13.2% (30-03-2026) | −12.8% (31-03-2026) |
| Beta | 0.95 | 0.92 |
| Alpha | +7.25% | +7.39% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Business Cycle Fund (Direct) | Aditya Birla Sun Life Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.11% | +15.16% |
| Standard deviation | 13.71% | 13.27% |
| Sharpe ratio | 0.52 | 0.69 |
| Sortino ratio | 0.71 | 0.96 |
| Maximum drawdown | −17.8% (03-03-2025) | −17.0% (03-03-2025) |
| Beta | 0.94 | 0.91 |
| Alpha | +3.24% | +5.30% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Business Cycle Fund (Direct) | Aditya Birla Sun Life Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.64% | +15.75% |
| Standard deviation | 13.71% | 15.82% |
| Sharpe ratio | 0.35 | 0.61 |
| Sortino ratio | 0.48 | 0.83 |
| Maximum drawdown | −17.8% (03-03-2025) | −38.6% (23-03-2020) |
| Beta | 0.94 | 0.97 |
| Alpha | +1.88% | +3.12% |
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 and alpha compare each fund with its own benchmark's TRI.
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.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Aditya Birla Sun Life Flexi Cap Fund (Direct)
BSE 500 TRI
| Fund | 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% |
| Aditya Birla Sun Life Flexi Cap Fund (Direct) | −19.5% | 14-01-2022 | 20-06-2022 | 07-06-2023 | 12 months | −5.5% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 08-12-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Aditya Birla Sun Life Flexi Cap Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Business Cycle Fund (Direct)
Aditya Birla Sun Life Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund (Direct) | 97% | 84% | 3.56% |
| Aditya Birla Sun Life Flexi Cap Fund (Direct) | 101% | 89% | 2.80% |
From month-end values since 08-12-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Business Cycle Fund, September 2026; Aditya Birla Sun Life Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 27.0%
- Held by both
- 20
- Only in Aditya Birla Sun Life Business Cycle
- 37
- Only in Aditya Birla Sun Life Flexi Cap
- 60
| Security | % of Aditya Birla Sun Life Business Cycle | % of Aditya Birla Sun Life Flexi Cap |
|---|---|---|
| ICICI Bank Ltd. | 4.04% | 5.60% |
| Hindalco Industries Ltd. | 1.74% | 1.72% |
| Ather Energy Ltd. | 2.07% | 1.68% |
| Jindal Steel Ltd. | 2.09% | 1.62% |
| Shriram Finance Ltd. | 1.57% | 1.76% |
| The Federal Bank Ltd. | 3.28% | 1.56% |
| CG Power and Industrial Solutions Ltd. | 1.81% | 1.51% |
| Persistent Systems Ltd. | 1.45% | 1.58% |
| Lenskart Solutions Ltd. | 1.39% | 1.90% |
| APL Apollo Tubes Ltd. | 1.36% | 1.53% |
| Larsen & Toubro Ltd. | 1.30% | 1.37% |
| Eternal Ltd. | 1.36% | 1.27% |
| Meesho Ltd. | 1.22% | 1.44% |
| GMR Airports Ltd. | 1.10% | 1.41% |
| Grasim Industries Ltd. | 1.03% | 1.59% |
| L&T Finance Ltd. | 0.92% | 0.94% |
| R R Kabel Ltd. | 2.76% | 0.85% |
| Sai Life Sciences Ltd. | 2.57% | 0.52% |
| Ajanta Pharma Ltd. | 2.28% | 0.51% |
| Sobha Ltd. | 0.71% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.0% means 27.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Business Cycle Fund
| Security | % of fund |
|---|---|
| Shivalik Bimetal Controls Ltd. | 2.92% |
| Birlasoft Ltd. | 2.63% |
| Shaily Engineering Plastics Ltd. | 2.59% |
| Craftsman Automation Ltd. | 2.54% |
| S.J.S. Enterprises Ltd. | 2.50% |
Largest holdings only in Aditya Birla Sun Life Flexi Cap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 3.91% |
| Kotak Mahindra Bank Ltd. | 3.55% |
| Reliance Industries Ltd. | 2.42% |
| State Bank of India | 2.09% |
| Infosys Ltd. | 2.01% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Business Cycle | Aditya Birla Sun Life Flexi Cap |
|---|---|---|
| Equity | 99.1% | 97.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 2.1% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Business Cycle | Aditya Birla Sun Life Flexi Cap |
|---|---|---|
| Large Cap | 32.6% | 53.5% |
| Mid Cap | 25.0% | 26.8% |
| Small Cap | 40.1% | 16.7% |
| Foreign stocks | 1.3% | 0.0% |
| Not on AMFI's list | 0.0% | 0.9% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Business Cycle | Aditya Birla Sun Life Flexi Cap |
|---|---|---|
| Banks | 12.9% | 19.2% |
| IT - Software | 9.7% | 6.9% |
| Pharmaceuticals & Biotechnology | 8.0% | 4.7% |
| Finance | 7.4% | 5.8% |
| Industrial Products | 7.0% | 5.6% |
| Retailing | 6.0% | 6.8% |
| Auto Components | 6.1% | 3.9% |
| Automobiles | 5.9% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Business Cycle vs Aditya Birla Sun Life Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Business Cycle Fund | Aditya Birla Sun Life Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.56% | 0.91% |
| Base expense ratio (Direct) | 0.95% | 0.70% |
| Total expense ratio (Regular) | 2.52% | 1.68% |
| Base expense ratio (Regular) | 1.79% | 1.36% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Compare Aditya Birla Sun Life Flexi Cap with
Aditya Birla Sun Life Business Cycle Fund vs Aditya Birla Sun Life Flexi Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Business Cycle Fund and Aditya Birla Sun Life Flexi Cap Fund?
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund, Aditya Birla Sun Life Flexi Cap Fund is a Flexi Cap fund, run by Aditya Birla Sun Life Mutual Fund. Their portfolios overlap 27.0%. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Aditya Birla Sun Life Flexi Cap Fund 0.91%.
Which has given higher returns, Aditya Birla Sun Life Business Cycle Fund or Aditya Birla Sun Life Flexi Cap Fund?
Over 1 year: Aditya Birla Sun Life Business Cycle Fund +0.12%, Aditya Birla Sun Life Flexi Cap Fund +1.05%. Over 3 years: Aditya Birla Sun Life Business Cycle Fund +13.11% a year, Aditya Birla Sun Life Flexi Cap Fund +15.16% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Business Cycle Fund or Aditya Birla Sun Life Flexi Cap Fund?
Aditya Birla Sun Life Flexi Cap Fund charges less: 0.91% a year against 1.56%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Business Cycle Fund and Aditya Birla Sun Life Flexi Cap Fund overlap?
27.0%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, HINDALCO, ATHERENERG. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Business Cycle Fund or Aditya Birla Sun Life Flexi Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Business Cycle Fund is rated Very High and Aditya Birla Sun Life Flexi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.71% and 13.27% a year.
Which is better for SIP, Aditya Birla Sun Life Business Cycle Fund or Aditya Birla Sun Life Flexi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,09,221 in Aditya Birla Sun Life Business Cycle Fund (XIRR 6.5% a year) and ₹4,19,373 in Aditya Birla Sun Life Flexi Cap Fund (XIRR 8.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Business Cycle Fund and Aditya Birla Sun Life Flexi Cap Fund?
Yes. 27.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Business Cycle Fund and Aditya Birla Sun Life Flexi Cap Fund?
Aditya Birla Sun Life Business Cycle Fund: Harish Krishnan, Pavas Pethia. Aditya Birla Sun Life Flexi Cap Fund: Harish Krishnan, Dhaval Joshi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.