Fundalysisby DARKHORSESTOCKS

Scheme

Aditya Birla Sun Life Business Cycle Fund

Holds 58 companies worth ₹1,710 Cr in Sept 2026.

  • Fund house

    Aditya BirlaThe fund house that runs this scheme.

  • AUM

    ₹1,725 CrAditya Birla Sun Life Business Cycle Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.4% on Aug 2026, ₹1,844 Cr.

  • Largest holding

    ICICI BankICICI Bank is 4.0% of this scheme's NAV.

  • Fund manager

    Harish KrishnanRuns its co-manager part since 3 Nov 2023, as the fund house dates it. With Pavas Pethia (co-manager).

Overview(1 Sept 2026)

Fund managers2

  1. Harish KrishnanCo-manager · Nov 2023 · 22y · CFA PGDM
  2. Pavas PethiaCo-manager · May 2026 · 17y
  1. Dhaval GalaFeb 2023 – May 2026
  2. Dhaval JoshiNov 2022 – Oct 2025

Key facts

Benchmark
BSE 500 TRI
Risk
Very High
Expense
Regular 1.8% · Direct 0.97%
Exit load
1% within 30 days
Started
3 Dec 2021
Minimum
₹500

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed(4 changes)

May 2026

2 changes
  1. Pavas Pethia joined
    13 Mayas co-manager
  2. Dhaval Gala left
    13 Mayran it as co-manager from Feb 2023

Apr 2026

1 change
  1. Expense ratio
    1 AprRegular 2.13% → 1.8%Direct 1.29% → 0.97%

Oct 2025

1 change
  1. Dhaval Joshi left
    2 Octran it as co-manager from Nov 2022

Source.Its filings at NSE, since Oct 2024.

Fund managers over time(Nov 2022 – now)

  1. Harish Krishnan
  2. Pavas Pethia
  3. Dhaval Gala
  4. Dhaval Joshi
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Oct 2024 – Sept 2026)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
1 Apr 20261.80%0.97%0.32
15 Oct 20242.13%1.29%–
Direct plan, 1 Apr 2026
0.97%
Regular plan 1.80% · Exit load 1% within 30 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(1 Sept 2026)

Objective

The investment objective of the scheme is to provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The Scheme does not guarantee/indicate any returns. There can be no assurance that the objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme following business cycles based investing theme.
Benchmark
BSE 500 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments selected on the basis of business cycle
    Allowed80–100%
  2. Other Equity & Equity related instruments
    Allowed0–20%
  3. Liquid* and Money Market Instruments
    Allowed0–20%Holds0.9%
  4. Units issued by InvITs
    Allowed0–10%Holds0.0%
  5. Units of Mutual Funds
    Allowed0–20%Holds0.0%

Holds in Sept 2026.99.1% equity · 0.9% debt and cash

How to invest(1 Sept 2026)

Buying

To start
₹500, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
SIP how often
OM,OW,FM,SM,DZ
SIP dates
Any Day(1 to 31) / Weekly(Monday to Friday)
SIP minimum
₹100, then in multiples of ₹1
SIP instalments
6

Selling and switching

To redeem
Rs.1 and multiples of Rs.1 thereafter or No minimum redemption criterion for Unit based redemption units
Minimum balance
₹1 or 1E-3 units
Switch minimum
₹500 or 1E-3 units
Switch multiples
₹0.01
STP how often
Q,OM,OW,DZ,BZ/Q,OM,OW,BZ,H,Y
STP dates
01,07,10,14,20,21,27,28
STP minimum
(OM/OW-Rs.500x12, Rs.1000x6) - (OQ-Rs.Rs.1000x4) - (DZ/BZ-Rs.500x20)
STP instalments
(OM/OW-Rs.500x12, Rs.1000x6) - (OQ-Rs.Rs.1000x4) - (DZ/BZ-Rs.500x20)
SWP how often
Q,OM,OW,DZ,BZ/Q,OM,OW,BZ,H,Y
SWP dates
01,07,10,14,20,21,28
SWP minimum
(OM/OW/BZ - Rs.500x6) - (OQ - Rs.500x4) (H - Rs.500x4) (Y - Rs.500x2)
SWP instalments
(OM/OW/BZ - Rs.500x6) - (OQ - Rs.500x4) (H - Rs.500x4) (Y - Rs.500x2)

Scheme details(1 Sept 2026)

What it is

Category
Equity Scheme - Sectoral/ Thematic
Offer
15 Nov 2021 to 29 Nov 2021
Started
3 Dec 2021
Reopened
4 Dec 2021
Plans
Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
HDFC Bank Limited
Auditor
M/s Deloitte Haskins & Sells LLP
Registrar
Computer Age Management Services Limited
SEBI code
ABSL/O/E/SEC/21/08/0101