Table of Contents To seek to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy L&T Business Cycles Fund - Direct is a Equity - Sectoral fund launched on 20 Aug 14. It is a fund with Moderately High risk and has given a Below is the key information for L&T Business Cycles Fund - Direct Returns up to 1 year are on Historical performance (Yearly) on absolute basis L&T Business Cycles Fund - Direct - G
Scheme Objective
CAGR
return of 16.5% since its launch. Return for 2023 was 32.7% , 2022 was 6.5% and 2021 was 36% . NAV as on 4 Nov 24 ₹47.0339 ↓ -0.28 (-0.59 %) Net Assets (AUM) as on 30 Sep 2024 ₹1,003 Cr. Launch Date 20 Aug 2014 Category Equity - Sectoral Rating Type Open Ended Fund Risk Moderately High AMC L&T Investment Management Ltd Alpha Ratio 13.18 Expense Ratio 1.36 % Sharpe Ratio 3.099 Information Ratio 1.42 Benchmark Not Available Min Investment Min SIP Investment Exit Load 0-18 Months (1%),18 Months and above(NIL)
Purchase not allowedNAV Price Chart
Returns
Annual Compounded Returns
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 4 Nov 24 Duration Returns 1 Month -2.4% 3 Month 1.8% 6 Month 16.6% 1 Year 57.9% 3 Year 24.5% 5 Year 24.1% 10 Year 15 Year Since launch 16.5% Historical Annual Returns
Year Returns 2023 32.7% 2022 6.5% 2021 36% 2020 10.4% 2019 6.2% 2018 -16.9% 2017 46.5% 2016 3.8% 2015 4.2% Growth of 10k Over Years
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,305 31 Oct 21 ₹15,254 31 Oct 22 ₹16,183 31 Oct 23 ₹18,650 31 Oct 24 ₹29,456 Asset Allocation
Asset Class Value Cash 2.05% Equity 97.95% Sector Allocation
Sector Value Industrials 29.8% Financial Services 24.74% Consumer Cyclical 18.06% Basic Materials 14.38% Energy 6.19% Real Estate 1.88% Technology 1.26% Top Securities Holdings / Portfolio
Holdings/Securities
Name Global Industry Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | 500251Apparel Retail 8% ₹81 Cr 107,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | ICICIBANKBanks - Regional 5% ₹54 Cr 425,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 22 | MCXFinancial Data & Stock Exchanges 5% ₹53 Cr 94,300 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCEOil & Gas Refining & Marketing 4% ₹40 Cr 135,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 14 | HDFCBANKBanks - Regional 3% ₹33 Cr 193,300 Ahluwalia Contracts (India) Ltd (Industrials)
Equity, Since 31 Jan 15 | AHLUCONTEngineering & Construction 3% ₹31 Cr 274,908 Power Mech Projects Ltd (Industrials)
Equity, Since 31 Oct 22 | POWERMECHEngineering & Construction 3% ₹30 Cr 45,400 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 14 | LTEngineering & Construction 3% ₹30 Cr 81,830
↓ -5,340 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Dec 22 | BELAerospace & Defense 3% ₹29 Cr 1,000,000 ABB India Ltd (Industrials)
Equity, Since 30 Sep 19 | ABBSpecialty Industrial Machinery 3% ₹26 Cr 32,600
Talk to our investment specialistFund Managers
Name Since Tenure Venugopal Manghat 20 Aug 14 10.12 Yr. Gautam Bhupal 1 Jun 23 1.34 Yr. Sonal Gupta 1 Jun 23 1.34 Yr. Custodians
Company Address Citibank N.A. India Trent House, 3rd Floor, G Block,,Plot No.60, Next to Citibank,,Bandra Kurla Complex,,Bandra (East), Registrar & Transfer Agent
Computer Age Management Services Ltd Address New No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam FAX 91-44-28283610 Email enq_L@camsonline.com Administrator Companies
Company Address HSBC Mutual Fund 16, V N Road, Fort, Mumbai 400 001 Auditors
Company Address M/s. Price Waterhouse India,252, Veer Savarkar Marg,,Next to Mayor's Bungalow, Shivaji Park,,Dadar, All Plan & Options
Fund and Plan NAV 6 Month 1 Year 3 Year 5 Year L&T Business Cycles Fund - Direct
Growth ₹47.0339
↓ -0.28 16.6 % 57.94 % 24.53 % 24.12 % L&T Business Cycles Fund - Direct
Normal Dividend, Reinvestment ₹29.4412
↓ -0.17 15.91 % 57 % 23.98 % 22.26 % L&T Business Cycles Fund - Direct
Normal Dividend, Payout ₹29.4412
↓ -0.17 15.91 % 57 % 23.98 % 22.26 % Data as on 4 Nov 24