Fund Details
L&T Business Cycles Fund Direct Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.45% |
| NAV | ₹22.27 (23 Jul 2021) |
|---|---|
| Fund Started | 20 Aug 2014 |
| Fund Size | ₹546 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
1. 3Y Returns are lower than the category average returns
2. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
3. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 7.8% |
| HDFC Bank Ltd. | Financial | Equity | 7.6% |
| Reliance Industries Ltd. | Energy | Equity | 4.8% |
| Ultratech Cement Ltd. | Construction | Equity | 4.6% |
| Ratnamani Metals & Tubes Ltd. | Metals | Equity | 3.7% |
| Larsen & Toubro Ltd. | Construction | Equity | 3.4% |
| Timken India Ltd. | Engineering | Equity | 3.2% |
| The Ramco Cements Ltd. | Construction | Equity | 3.0% |
| KNR Constructions Ltd. | Construction | Equity | 2.9% |
| Deepak Nitrite Ltd. | Chemicals | Equity | 2.6% |
Fund Managers
L&T Business Cycles Fund Direct Growth Details
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 ₹546 Cr and the Latest NAV as of 23 Jul 2021 is ₹22.27.
The L&T Business Cycles Fund Direct Growth is rated Very 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.
Investment Objective
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.
Tax Implications
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.
