Sectoral/Thematic: Business cycle & rotation
At least 80% in a particular sector or theme. Shown here: the 22 schemes MFIC groups under “Business cycle & rotation” (a grouping from scheme names, not an AMFI category). This page lists every Sectoral/Thematic scheme in this group (Regular plan, growth option) with its returns, rolling-return consistency and risk, calculated from AMFI NAVs as of 1 Oct 2026.
Schemes in this group invest mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
- P/E 21.6: higher than 8% of days since 2021 (median 23.9)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
| Scheme | NAV (₹) | AUM (₹ cr) | TER | 1Y | 3Y CAGR | 5Y CAGR | 3Y rolling median | 3Y rolling worst | 3Y beat-rate | Std dev | Max DD 5Y | History |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Business Cycle Fund Aditya Birla Sun Life Mutual Fund | 15.45 | 1,725 | 2.61% | 4.2% | 10.5% | n/a | 13.4% | 9.0% | 11% | 15.3% | n/a | 4.8 y |
| Axis Business Cycles Fund Axis Mutual Fund | 16.44 | 2,041 | 2.37% | 0.6% | 10.8% | n/a | 14.0% | 10.8% | 98% | 16.1% | n/a | 3.6 y |
| Bandhan Business Cycle Fund Bandhan Mutual Fund | 9.30 | 1,003 | 2.46% | -6.5% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.0 y |
| Bank of India Business Cycle Fund Bank of India Mutual Fund | 9.39 | 437 | 2.65% | 2.0% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.1 y |
| Baroda BNP Paribas Business Cycle Fund Baroda BNP Paribas Mutual Fund | 15.41 | 535 | 2.52% | 0.4% | 10.3% | 9.2% | 15.8% | 10.3% | 84% | 16.2% | −20.8% | 5.0 y |
| DSP Business Cycle Fund DSP Mutual Fund | 9.74 | 1,474 | 2.63% | -2.3% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.8 y |
| Edelweiss Business Cycle Fund Edelweiss Mutual Fund | 8.72 | 1,344 | 2.78% | 0.1% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.2 y |
| HDFC Business Cycle Fund HDFC Mutual Fund | 14.69 | 2,646 | 2.12% | -0.8% | 9.0% | n/a | 11.6% | 9.0% | 8% | 15.3% | n/a | 3.8 y |
| HSBC Business Cycles Fund HSBC Mutual Fund | 42.28 | 1,179 | 2.34% | 0.0% | 13.9% | n/a | 17.1% | 13.7% | 100% | 20.5% | n/a | 3.8 y |
| ICICI Prudential Business Cycle Fund ICICI Prudential Mutual Fund | 23.20 | 14,889 | 1.83% | -6.2% | 12.4% | 12.9% | 22.2% | 12.3% | 100% | 14.5% | −14.7% | 5.7 y |
| Invesco India Business Cycle Fund Invesco Mutual Fund | 13.67 | 1,371 | 2.28% | 9.4% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.6 y |
| ITI Business Cycle Fund ITI Mutual Fund | 10.34 | 117 | 3.39% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.6 y |
| JioBlackRock Sector Rotation Fund Jio BlackRock Mutual Fund | 9.34 | 161 | 1.92% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.1 y |
| Kotak Business Cycle Fund Kotak Mahindra Mutual Fund | 16.75 | 3,523 | 2.05% | 2.8% | 13.4% | n/a | 16.4% | 12.8% | 100% | 15.3% | n/a | 4.0 y |
| Mahindra Manulife Business Cycle Fund Mahindra Manulife Mutual Fund | 14.81 | 1,291 | 2.42% | 2.3% | 13.9% | n/a | n/a | n/a | n/a | 16.7% | n/a | 3.0 y |
| Motilal Oswal Business Cycle Fund Motilal Oswal Mutual Fund | 12.47 | 1,449 | 2.50% | -0.9% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.1 y |
| Motilal Oswal Business Cycle Fund Motilal Oswal Mutual Fund | 12.13 | 1,449 | 2.50% | -2.0% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.1 y |
| quant Business Cycle Fund quant Mutual Fund | 15.66 | 933 | 2.97% | 1.8% | 9.0% | n/a | 14.3% | 9.0% | 89% | 20.8% | n/a | 3.3 y |
| Shriram Multi Sector Rotation Fund Shriram Mutual Fund | 7.58 | 148 | 2.71% | -1.6% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 1.8 y |
| Sundaram Business Cycle Fund Sundaram Mutual Fund | 10.83 | 1,716 | 2.60% | -1.4% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.3 y |
| Tata Business Cycle Fund Tata Mutual Fund | 17.80 | 2,416 | 2.18% | -3.8% | 8.1% | 11.3% | 18.1% | 8.1% | 96% | 15.7% | −20.5% | 5.1 y |
| Union Business Cycle Fund Union Mutual Fund | 11.25 | 485 | 3.06% | 0.7% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 2.6 y |
Returns are from NAVs (after expenses, before tax); 3Y and 5Y are annualised. Rolling figures use every business-day start date in the scheme's history; beat-rate is the share of 3-year windows ahead of Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return). Std dev is annualised over 36 months. AUM is the whole scheme (all plans) and TER is for the plan shown, both as disclosed to AMFI. "n/a" means the scheme's history is too short or the data is still loading. Listed alphabetically; no order of preference is implied. Full definitions: MFIC methodology.
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