| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.60% |
| NAV | ₹13.52 (14 Jul 2020) |
|---|---|
| Fund Started | 20 Aug 2014 |
| Fund Size | ₹481 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.6% |
| Reliance Industries Ltd. | Energy | Equity | 7.3% |
| ICICI Bank Ltd. | Financial | Equity | 5.0% |
| Ratnamani Metals & Tubes Ltd. | Metals | Equity | 4.6% |
| Shree Cement Ltd. | Construction | Equity | 4.5% |
| Trent Ltd. | Services | Equity | 4.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.1% |
| Timken India Ltd. | Engineering | Equity | 4.0% |
| Deepak Nitrite Ltd. | Chemicals | Equity | 4.0% |
| Ultratech Cement Ltd. | Construction | Equity | 3.6% |
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 ₹481 Cr and the Latest NAV as of 14 Jul 2020 is ₹13.52.
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.
To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. Emerging companies are businesses which are typically in the early stage of development and have the potential to grow their revenues and profits at a higher rate as compared to broader market. There is no assurance that the objective of the Scheme will be realised and the Scheme does not assure or guarantee any returns.
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.