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PlaystoreAditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life Business Cycle Fund
Fund Overview
ADITYA BIRLA SUN LIFE BUSINESS CYCLE FUND is an open-ended equity scheme following business cycles-based investing theme.
Investment 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.
Why one can invest:
If you are looking for long-term capital appreciation of your investment through an equity-oriented investment.
If you are looking to invest with a business cycles-based investing strategy i.e. anticipating economic trends and investing in sector and stocks that can outperform in each stage of business cycle.
If you are looking to access fund manager expertise to build a portfolio of equity stocks that can benefit from such business cyclical movements.
If you are looking for a diversified equity portfolio across sectors, themes, and market caps and even across select global stocks.
If you are looking to build such a portfolio with low investments, starting as little as Rs.500.
If you are looking for an investment avenue for your long-term investing goals – 5 years or more.
Fund Details
CAGR
Latest NAV
(as on )
AUM
()
Inception Date
()
Risk
Investment Horizon
Long term, 5 years or more
Annual Benchmark Returns
Min Investment
Entry load
NIL
Exit load
1.00%
For redemption / switch-out of units on or before 365 days from the
date of allotment: 1.00% of applicable NAV.
For redemption / switch-out of units after 365 days from the date of allotment – Nil
For redemption / switch-out of units after 365 days from the date of allotment – Nil
Total Expense Ratio (TER)
Sharp Ratio
Beta Ratio
Other Parameters
Standard Deviation
Modified Duration
-
Yield to Maturity
-
Portfolio Turnover:
-
Average Maturity
-
Macaulay Duration
-
Net Equity Exposure
-
Fund Managers
Mr. Harish Krishnan
Mr. Dhaval Gala
Mr. Dhaval Joshi
Riskometer
(An open ended equity scheme following business cycles based investing theme)
This product is suitable for investors who are seeking
-
Long term capital appreciation
-
An equity scheme investing in Indian equity & equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy
*Investors should consult their financial advisers if in doubt whether the product is suitable for them
Portfolio & Sector Holdings
Retail
% of Net Assets
Sector Holdings
Dividend History
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Investment Performance
IDCW Plan of this scheme has distributed income to its investors out of its earnings, from time to time. The details of the same is tabulated:| Declared on date | IDCW Yield (Regular Plan) | IDCW Per Unit | Cum IDCW NAV |
|---|
Fund Summary
- Nature naturally experiences ebbs and flows, and in life, ups and downs are inevitable. Success lies in navigating through these fluctuations.
- Similarly, the financial world witnesses cycles of highs and lows, progressing from expansion to peak, followed by contraction and a slump. Economies undergo these cycles periodically.
- Businesses too do not perform the same through all business cycles. Every sector responds and performs differently in different economic cycles. For example, discretionary and cyclical sectors such as retail, industrial and consumer driven sectors can outperform in periods of high growth; whereas sectors such as defence, health and utilities which are less sensitive to economic changes can perform better in periods of low growth.
- This dynamic presents an opportunity for investors. By anticipating cyclical changes and identifying investable opportunities in advance, you gain a 'first-mover' advantage, maximizing portfolio growth.
- An expert fund manager managing a thematic fund that applies a business cycle-based investing strategy can help you here.
- Aditya Birla Sun Life Business Cycle Fund is an open-ended thematic fund that invests in equity stocks selected based on business cycle investing approach. Fund managers of the scheme apply various economic indicators to determine stages of the economic cycle and accordingly identify stocks that can outperform in the future. The aim is to build a portfolio of stocks that can outperform and give investors the potential for considerable long-term growth.
- The fund seeks to earn capital growth over a long-term investing period.
- Similarly, the financial world witnesses cycles of highs and lows, progressing from expansion to peak, followed by contraction and a slump. Economies undergo these cycles periodically.
- Businesses too do not perform the same through all business cycles. Every sector responds and performs differently in different economic cycles. For example, discretionary and cyclical sectors such as retail, industrial and consumer driven sectors can outperform in periods of high growth; whereas sectors such as defence, health and utilities which are less sensitive to economic changes can perform better in periods of low growth.
- This dynamic presents an opportunity for investors. By anticipating cyclical changes and identifying investable opportunities in advance, you gain a 'first-mover' advantage, maximizing portfolio growth.
- An expert fund manager managing a thematic fund that applies a business cycle-based investing strategy can help you here.
- Aditya Birla Sun Life Business Cycle Fund is an open-ended thematic fund that invests in equity stocks selected based on business cycle investing approach. Fund managers of the scheme apply various economic indicators to determine stages of the economic cycle and accordingly identify stocks that can outperform in the future. The aim is to build a portfolio of stocks that can outperform and give investors the potential for considerable long-term growth.
- The fund seeks to earn capital growth over a long-term investing period.
Fund discipline
- The Scheme invests minimum of 80% (up to 100%) of its net assets in equity and equity related instruments selected based on business cycle.
- It can also invest up to 20% in other equity and equity related instruments, debt and money market instruments and units issued by REITs and InvITs
- The Fund would follow top-down approach of portfolio construction to identify stage of business cycle, sector opportunities and subsequently using bottom-up approach identify strong companies within those sectors.
- The fund manager will consider economic parameters (like Current Account Deficit, fiscal deficit, interest rates, inflation), investment indicators (like investment in capex, new projects cleared, etc.), business and consumer sentiment (purchasing manager index, business confidence index, sales of various consumer discretionary products, etc.) to decide on the expansion or contraction phase.
- The stock selection of the scheme would emphasize on identifying companies with sound corporate managements and prospects of good future growth.
- Essentially, the focus would be on stocks driven by long-term fundamentals. However, short term opportunities would also be seized, provided underlying values supports these opportunities
For detailed investment strategy, please refer scheme information document:
https://mutualfund.adityabirlacapital.com/-/media/bsl/files/resources/forms/sid----scheme-information-documents/sid---absl-business-cycle-fund---311023.pdf
Value Added Products
Systematic Investment Plan (SIP) investing means automatically investing a pre-determined sum of money in this fund, at periodic and pre-determined time intervals.
Gives investors the benefit of rupee cost averaging.
SIP facility is augmented by several add ons such as Step-up SIPs, Pause SIP, Multi Scheme SIPs etc.
The scheme offers monthly and weekly SIPs
Salient features of STP:
Systematic Transfer Plan (STP) allows investors to periodically transfer pre-determined amounts from any open-ended scheme of Aditya Birla Sun Life Mutual Fund into Aditya Birla Sun Life Business Cycle Fund
STP facility can be weekly, monthly, or quarterly.
Salient features of CATP:
Capital Appreciation Transfer Plan (CATP) is a modified version of STP. It allows investors to periodically transfer the capital appreciation earned by investment/s in other open-ended schemes of Aditya Birla Sun Life Mutual Fund, into this fund.
CATP is offered at monthly or quarterly intervals.
Salient features of SWP:
Systematic Withdrawal Plan (SWP) allows investors to periodically withdraw fixed sums of money from the fund. This can take the form of withdrawal of fixed, pre-determined amounts or capital appreciation amount.
Its primary objective is to meet the regular income needs of investors.
Tax Applicability
Investment held for less than 12 months
Short Term Capital Gain Tax would be applicable. Any gains/profits would be taxed at 15% (plus applicable surcharge and cess).
Investment held for more than 12 months
Long Term Capital Gain Tax would be applicable. Long term capital gains tax is 10% without indexation (plus applicable surcharge and cess) provided the gain in a financial year is over Rs 1 Lakh. Cumulative Long term capital gains on equity and equity-oriented funds up to Rs 1 Lakh in a financial year is not taxable.
Any income received under this option would be considered as income for the investors and hence would be taxed at applicable tax slab rates.
Forms & Downloads
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Frequently Asked Questions
There are two ways in which investments in this fund can be made:
o Via Direct Plan – This involves direct purchase of units from the fund house i.e.: Aditya Birla Sun Life Mutual Fund
o Via Regular Plan – this involves purchasing units of the fund from a mutual fund distributor or broker of your choice.
Both these plans have a common portfolio but separate NAVs. This is because they both apply different expense ratios. Your choice of plan thus directly impacts the returns from your investment.
To redeem your investments in the direct plan of this scheme, you can use their mobile app or desktop webpage and select a specified amount or number of units to redeem. For investments made in the regular plan through Registrar and Transfer Agent (RTA) or Mutual Fund Distributor (MFD), you can submit a duly signed redemption form to the respective RTA/MFD or redeem online through their portal, if available.
Yes, the Aditya Birla Sun Life Business Cycle Fund offers both SIP and lumpsum investing options to investors. The choice of mode of investing will be guided by your investing objective, risk appetite, investing term and affordability.
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