| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.59% |
| NAV | ₹15.11 (23 Oct 2020) |
|---|---|
| Fund Started | 20 Aug 2014 |
| Fund Size | ₹491 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 8.7% |
| HDFC Bank Ltd. | Financial | Equity | 7.3% |
| Ratnamani Metals & Tubes Ltd. | Metals | Equity | 5.3% |
| ICICI Bank Ltd. | Financial | Equity | 4.9% |
| Timken India Ltd. | Engineering | Equity | 4.3% |
| Ultratech Cement Ltd. | Construction | Equity | 3.5% |
| Deepak Nitrite Ltd. | Chemicals | Equity | 3.5% |
| Shree Cement Ltd. | Construction | Equity | 3.0% |
| Trent Ltd. | Services | Equity | 2.9% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.9% |
L&T Business Cycles Fund Direct Growth is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 20 Aug 2014. Venugopal Manghat, Karan Desai is the Current Fund Manager of L&T Business Cycles Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹491 Cr and the Latest NAV as of 23 Oct 2020 is ₹15.11.
The L&T Business Cycles Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
The scheme seeks to generate long term capital appreciation from a portfolio of 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.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.