Aditya Birla Sun Life Business Cycle Fund vs Edelweiss Multi Cap Fund
Direct Plan, Growth option · Data as on 29-10-2026
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund and Edelweiss Multi Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Business Cycle Fund (Direct) returned 13.1% a year and Edelweiss Multi Cap Fund (Direct) returned 15.3% a year. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Edelweiss Multi Cap Fund 0.68% (Direct plans). Their portfolios overlap 28.6%: they hold 27 of the same securities.
Aditya Birla Sun Life Business Cycle Fund
Thematic
- 3 year return
- 13.1%
- Expense ratio
- 1.56%
- NAV
- ₹16.54
Edelweiss Multi Cap Fund
Multi Cap
- 3 year return
- 15.3%
- Expense ratio
- 0.68%
- NAV
- ₹15.54
Which is better, Aditya Birla Sun Life Business Cycle or Edelweiss Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Multi Cap returned more over 3 years: 15.3% a year against 13.1%.
- Aditya Birla Sun Life Business Cycle returned more over 1 year: 0.1% against −2.0%.
- Edelweiss Multi Cap costs less: 0.68% a year against 1.56% (Direct plans).
- Aditya Birla Sun Life Business Cycle swung less over 3 years: a standard deviation of 13.7% a year against 15.1%.
- Aditya Birla Sun Life Business Cycle fell less in its worst fall since 30-10-2023: −17.8% against −20.2%.
- Aditya Birla Sun Life Business Cycle holds 1.3% of the fund in foreign stocks; Edelweiss Multi Cap 0.0%.
- Edelweiss Multi Cap is the larger fund: ₹3,345 Cr against ₹1,725 Cr.
- Their portfolios overlap 28.6%: 27 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 | Edelweiss Multi Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Edelweiss Mutual Fund |
| Category | Thematic | Multi Cap |
| AUM | ₹1,725 Cr (30-09-2026) | ₹3,345 Cr (30-09-2026) |
| NAV | ₹16.54 (Direct) | ₹15.54 (Direct) |
| Expense ratio (Direct) | 1.56% | 0.68% |
| Expense ratio (Regular) | 2.52% | 2.08% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 03-12-2021 | 25-10-2023 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Harish Krishnan, Pavas Pethia | Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora |
| 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 Edelweiss Multi 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% | -- | -- |
| Edelweiss Multi Cap Fund (Direct) | −1.78% | −5.40% | −0.10% | −2.02% | +15.27% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 235 Thematic funds and the 33 Multi Cap funds, same plan type.
Aditya Birla Sun Life Business Cycle vs Edelweiss Multi Cap: Year-wise Returns
| Year | Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle | Edelweiss Multi CapEdelweiss Multi Cap |
|---|---|---|
| 2026to date | +0.85% | −2.32% |
| 2025 | +5.67% | +3.21% |
| 2024 | +19.75% | +29.95% |
| 2023 | +20.78% | -- |
| 2022 | +6.77% | -- |
Aditya Birla Sun Life Business Cycle vs Edelweiss Multi 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 1-year holding period, 493 of them, one for each trading day from 30-10-2024 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)
Edelweiss Multi Cap Fund (Direct)
BSE 500 TRI
to
Dec 2024Apr 2024
to
Apr 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
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 | 13.2 | 27.0 | 29.6 | 18.1 | 3.7 | 2.2 | 6.3 | 7.8% | 6.3% | −7.1% | 37.0% | 81% |
| Edelweiss Multi Cap | 12.4 | 26.4 | 24.8 | 19.3 | 6.1 | 1.2 | 9.8 | 9.7% | 6.6% | −7.3% | 51.3% | 81% |
| BSE 500 TRI | 24.9 | 28.8 | 29.2 | 7.1 | 3.2 | 0.8 | 5.9 | 5.5% | 4.3% | −9.2% | 36.1% | -- |
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 30-10-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Business Cycle vs Edelweiss Multi 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 03-10-2023 to 29-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct) | ₹3,70,000 | ₹4,09,221 | ₹39,221 | 6.5% |
| Edelweiss Multi CapEdelweiss Multi Cap Fund (Direct) | ₹3,70,000 | ₹4,02,815 | ₹32,815 | 5.5% |
Aditya Birla Sun Life Business CycleAditya Birla Sun Life Business Cycle Fund (Direct)
Edelweiss Multi CapEdelweiss Multi 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 Edelweiss Multi 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) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.12% | −2.02% |
| Standard deviation | 14.24% | 14.89% |
| Sharpe ratio | -0.36 | -0.49 |
| Sortino ratio | -0.49 | -0.66 |
| Maximum drawdown | −13.2% (30-03-2026) | −13.1% (23-03-2026) |
| Beta | 0.95 | 0.98 |
| Alpha | +7.25% | +3.78% |
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) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.11% | +15.27% |
| Standard deviation | 13.71% | 15.08% |
| Sharpe ratio | 0.52 | 0.61 |
| Sortino ratio | 0.71 | 0.83 |
| Maximum drawdown | −17.8% (03-03-2025) | −20.2% (03-03-2025) |
| Beta | 0.94 | 0.98 |
| Alpha | +3.24% | +4.10% |
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) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.64% | +15.26% |
| Standard deviation | 13.71% | 15.08% |
| Sharpe ratio | 0.35 | 0.61 |
| Sortino ratio | 0.48 | 0.83 |
| Maximum drawdown | −17.8% (03-03-2025) | −20.2% (03-03-2025) |
| Beta | 0.94 | 0.98 |
| Alpha | +1.88% | +4.10% |
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)
Edelweiss Multi 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% |
| Edelweiss Multi Cap Fund (Direct) | −20.2% | 24-09-2024 | 03-03-2025 | 02-07-2026 | 16 months | −8.5% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 30-10-2023, 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)
Edelweiss Multi 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) | 102% | 85% | 3.61% |
| Edelweiss Multi Cap Fund (Direct) | 117% | 95% | 4.67% |
From month-end values since 30-10-2023. 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 Edelweiss Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Business Cycle Fund, September 2026; Edelweiss Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 27
- Only in Aditya Birla Sun Life Business Cycle
- 30
- Only in Edelweiss Multi Cap
- 69
| Security | % of Aditya Birla Sun Life Business Cycle | % of Edelweiss Multi Cap |
|---|---|---|
| ICICI Bank Ltd. | 4.04% | 3.90% |
| Karur Vysya Bank Ltd. | 2.49% | 2.66% |
| Craftsman Automation Ltd. | 2.54% | 1.73% |
| The Federal Bank Ltd. | 3.28% | 1.54% |
| Torrent Pharmaceuticals Ltd. | 2.23% | 1.42% |
| Larsen & Toubro Ltd. | 1.30% | 2.95% |
| Chalet Hotels Ltd. | 1.52% | 1.15% |
| Ather Energy Ltd. | 2.07% | 1.12% |
| R R Kabel Ltd. | 2.76% | 1.06% |
| Indian Bank | 1.40% | 1.02% |
| CG Power and Industrial Solutions Ltd. | 1.81% | 0.92% |
| Shriram Finance Ltd. | 1.57% | 0.92% |
| Eternal Ltd. | 1.36% | 0.88% |
| Marico Ltd. | 0.96% | 0.88% |
| Sundaram Finance Ltd. | 0.87% | 1.02% |
| Bharat Electronics Ltd. | 1.28% | 0.86% |
| TVS Motor Company Ltd. | 2.39% | 0.78% |
| Bajaj Finance Ltd. | 0.95% | 0.74% |
| The Phoenix Mills Ltd. | 1.62% | 0.69% |
| Fortis Healthcare Ltd. | 1.52% | 0.68% |
| L&T Finance Ltd. | 0.92% | 0.62% |
| Ajanta Pharma Ltd. | 2.28% | 0.61% |
| Eicher Motors Ltd. | 1.41% | 0.57% |
| FSN E-Commerce Ventures Ltd. | 2.04% | 0.51% |
| Persistent Systems Ltd. | 1.45% | 0.47% |
| Hindalco Industries Ltd. | 1.74% | 0.46% |
| JSW Steel Ltd. | 1.89% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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% |
| Sai Life Sciences Ltd. | 2.57% |
| S.J.S. Enterprises Ltd. | 2.50% |
Largest holdings only in Edelweiss Multi Cap Fund
| Security | % of fund |
|---|---|
| Radico Khaitan Ltd. | 2.86% |
| Multi Commodity Exchange Of India Ltd. | 2.37% |
| Reliance Industries Ltd. | 2.34% |
| HDFC Bank Ltd. | 2.32% |
| City Union Bank Ltd. | 2.31% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Business Cycle | Edelweiss Multi Cap |
|---|---|---|
| Equity | 99.1% | 94.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.9% | 5.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Business Cycle | Edelweiss Multi Cap |
|---|---|---|
| Large Cap | 32.6% | 38.4% |
| Mid Cap | 25.0% | 26.6% |
| Small Cap | 40.1% | 29.4% |
| Foreign stocks | 1.3% | 0.0% |
| Not on AMFI's list | 0.0% | 0.2% |
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 | Edelweiss Multi Cap |
|---|---|---|
| Banks | 12.9% | 16.7% |
| IT - Software | 9.7% | 4.1% |
| Pharmaceuticals & Biotechnology | 8.0% | 4.9% |
| Finance | 7.4% | 7.0% |
| Industrial Products | 7.0% | 2.3% |
| Auto Components | 6.1% | 4.4% |
| Automobiles | 5.9% | 4.8% |
| Capital Markets | 0.0% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Business Cycle vs Edelweiss Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Business Cycle Fund | Edelweiss Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.56% | 0.68% |
| Base expense ratio (Direct) | 0.95% | 0.45% |
| Total expense ratio (Regular) | 2.52% | 2.08% |
| Base expense ratio (Regular) | 1.79% | 1.65% |
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.
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Each fund against the others of its category
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Aditya Birla Sun Life Business Cycle Fund vs Edelweiss Multi Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Business Cycle Fund and Edelweiss Multi Cap Fund?
Aditya Birla Sun Life Business Cycle Fund is a Thematic fund, Edelweiss Multi Cap Fund is a Multi Cap fund, run by Aditya Birla Sun Life Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 28.6%. Aditya Birla Sun Life Business Cycle Fund charges 1.56% a year and Edelweiss Multi Cap Fund 0.68%.
Which has given higher returns, Aditya Birla Sun Life Business Cycle Fund or Edelweiss Multi Cap Fund?
Over 1 year: Aditya Birla Sun Life Business Cycle Fund +0.12%, Edelweiss Multi Cap Fund −2.02%. Over 3 years: Aditya Birla Sun Life Business Cycle Fund +13.11% a year, Edelweiss Multi Cap Fund +15.27% 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 Edelweiss Multi Cap Fund?
Edelweiss Multi Cap Fund charges less: 0.68% 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 Edelweiss Multi Cap Fund overlap?
28.6%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, KARURVYSYA, CRAFTSMAN. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Business Cycle Fund or Edelweiss Multi Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Business Cycle Fund is rated Very High and Edelweiss Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.71% and 15.08% a year.
Which is better for SIP, Aditya Birla Sun Life Business Cycle Fund or Edelweiss Multi 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 ₹4,02,815 in Edelweiss Multi Cap Fund (XIRR 5.5% 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 Edelweiss Multi Cap Fund?
Yes. 28.6% 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 Edelweiss Multi Cap Fund?
Aditya Birla Sun Life Business Cycle Fund: Harish Krishnan, Pavas Pethia. Edelweiss Multi Cap Fund: Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora.
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.