L&T Business Cycles Fund - Direct - G

NAV ₹43.162 ↓ -1.19 (-2.67 %) as on 21 Jan 25

Table of Contents

Scheme Objective
NAV Price Chart
Returns
- Historical Returns
- Compounded Returns
Growth Of 10k Over Years
Holdings / Portfolio
All Plan & Options
Fund Manager Information
Custodians
Registrar & Transfer Agent (RTA)
Administrator Companies
Auditors

Scheme Objective

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 CAGR return of 15.1% since its launch. Return for 2024 was 37.8% , 2023 was 32.7% and 2022 was 6.5% .

Below is the key information for L&T Business Cycles Fund - Direct

NAV as on 21 Jan 25	₹43.162 ↓ -1.19 (-2.67 %)
Net Assets (AUM) as on 31 Dec 2024	₹1,035 Cr.
Launch Date	20 Aug 2014
Category	Equity - Sectoral
Rating	Not Rated
Type	Open Ended Fund
Risk	Moderately High
AMC	L&T Investment Management Ltd

Alpha Ratio	18.59
Expense Ratio	1.36 %
Sharpe Ratio	2.194
Information Ratio	1.6
Benchmark	Not Available
Min Investment
Min SIP Investment
Exit Load	0-18 Months (1%),18 Months and above(NIL)

Purchase not allowed

NAV Price Chart

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 25

Duration	Returns
1 Month	-8.8%
3 Month	-10.9%
6 Month	-3.3%
1 Year	22.7%
3 Year	20.2%
5 Year	20.9%
10 Year
15 Year
Since launch	15.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

Year	Returns
2023	37.8%
2022	32.7%
2021	6.5%
2020	36%
2019	10.4%
2018	6.2%
2017	-16.9%
2016	46.5%
2015	3.8%

Growth of 10k Over Years

Date	Value
31 Dec 19	₹10,000
31 Dec 20	₹11,036
31 Dec 21	₹15,006
31 Dec 22	₹15,974
31 Dec 23	₹21,204
31 Dec 24	₹29,217

Asset Allocation

Asset Class	Value
Cash	3.42%
Equity	96.58%

Sector Allocation

Sector	Value
Industrials	28.63%
Financial Services	27.57%
Consumer Cyclical	16.67%
Basic Materials	13.21%
Energy	6.27%
Real Estate	1.65%
Technology	1.23%

Top Securities Holdings / Portfolio

Holdings/Securities

Name	Global Industry	Holding	Value	Quantity
Trent Ltd (Consumer Cyclical) Equity, Since 31 Dec 16 \| TRENT	Apparel Retail	7%	₹68 Cr	100,680
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Dec 22 \| MCX	Financial Data & Stock Exchanges	6%	₹58 Cr	94,300
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 14 \| ICICIBANK	Banks - Regional	5%	₹55 Cr	425,000
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 18 \| RELIANCE	Oil & Gas Refining & Marketing	4%	₹38 Cr	290,400 ↑ 19,200
HDFC Bank Ltd (Financial Services) Equity, Since 31 Aug 14 \| HDFCBANK	Banks - Regional	3%	₹35 Cr	193,300
Bharat Electronics Ltd (Industrials) Equity, Since 31 Dec 22 \| BEL	Aerospace & Defense	3%	₹31 Cr	1,000,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 14 \| LT	Engineering & Construction	3%	₹30 Cr	81,830
Power Finance Corp Ltd (Financial Services) Equity, Since 31 Jan 24 \| PFC	Credit Services	3%	₹30 Cr	603,200 ↑ 100,000
Kirloskar Pneumatic Co Ltd (Industrials) Equity, Since 30 Jun 23 \| 505283	Specialty Industrial Machinery	3%	₹28 Cr	160,733
PB Fintech Ltd (Financial Services) Equity, Since 31 Dec 23 \| 543390	Insurance Brokers	3%	₹28 Cr	149,200

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Fund Managers

Name	Since	Tenure
Venugopal Manghat	20 Aug 14	10.38 Yr.
Gautam Bhupal	1 Jun 23	1.59 Yr.
Sonal Gupta	1 Jun 23	1.59 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	₹43.162 ↓ -1.19	-3.3 %	22.65 %	20.19 %	20.88 %
L&T Business Cycles Fund - Direct Normal Dividend, Reinvestment	₹27.0175 ↓ -0.74	-3.87 %	21.93 %	19.66 %	20.47 %
L&T Business Cycles Fund - Direct Normal Dividend, Payout	₹27.0175 ↓ -0.74	-3.87 %	21.93 %	19.66 %	20.47 %
Data as on 21 Jan 25

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.

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