Screener > Sectoral / Thematic > DSP Business Cycle Fund

DSP Business Cycle Fund - Regular - Growth

Compare with Peers →
AMC: DSP Mutual Fund • Category: Sectoral / Thematic • NAV: Rs 10.739 (2026-11-11) • Rank: #142 in category (#496 overall) • Index Proxy: Nifty 500
🏷️ Low Expense ⭐ Consistent Alpha
Information only. Past performance does not guarantee future returns. Check the scheme documents and consult a qualified professional before investing.

💡 Why Pick This Fund? Quantitative Strengths & Watch-outs

🟢 Key Strengths
  • Generated +3.4% annualized alpha (excess return) over its benchmark.
🟡 Things to Keep in Mind
  • Limited historical track record under 3 years; long-term cycle performance is still evolving.
₹85₹91₹97₹103₹108Dec '24Dec '25Nov '26
DSP Business Cycle Fund
Proxy (Nifty 500)

Key Statistics vs Category Median

Fund Size
Rs 1,698 cr
Category: Rs 804 cr (comfortable)
Total Expense (TER)
2.51%
Category Median: 2.52%
Base Expense (BER)
1.79%
Excludes levies & brokerage
Sharpe Ratio
-0.03
Category Median: 0.34
Beta
0.95
Category Median: 0.97
Alpha
+3.42%
Category Median: +1.89%
Standard Deviation
14.58%
Category Median: 16.05%
MFIQ Score
5.6/10
Average
Performance and risk metrics closely match category benchmarks.
Returns (30%) 5.6/10
1Y return 4.9% against category median 3.9% (+1.0 points).
Risk Management (30%) 5.9/10
Sharpe ratio -0.03 (cat median 0.34), downside capture 87.0%, max fall -15.0%.
Consistency (20%) -/10
Under 3 years of consistency track record.
Cost Efficiency (20%) 5.1/10
Total expense ratio 2.51% vs category median 2.52% (-0.01% points).
Ranked #142 of 221 in Sectoral / Thematic. Percentile standing measured against category cohort.

Trailing Returns Comparison

Period Fund Return Category Median Difference
1 Month +10.39% +6.32% +4.07%
3 Months +2.36% -0.20% +2.56%
6 Months +5.73% +5.98% -0.25%
1 Year +4.88% +3.90% +0.98%
Since Inception +3.83% - -

Calendar Year Returns

Year Fund Category Median Gap
2026 +4.50% +4.03% +0.47%
2025 +2.73% +1.43% +1.30%

Daily Rolling Returns Summary

Rolling Window Minimum Average Median Maximum % Positive % Beating Proxy
1-Year Rolling -6.79% +4.54% +4.10% +19.34% 81.0% 86.4%

Risk Profile & Deepest Drawdowns

Sortino Ratio
-0.04
Category: 0.46
R-Squared
0.931
Correlation with Proxy
Upside Capture
103.2%
Monthly return ratio
Downside Capture
87.0%
Lower is better

Deepest Market Corrections (Depth >= 10%)

Peak Date Trough Date Fall Depth Months to Bottom Recovery Period
2025-01-02 2025-02-28 -15.0% 2 months 4 months
2026-02-11 2026-03-30 -12.0% 2 months 3 months

Portfolio & Asset Allocation

Statutory Asset Allocation Mandate (SEBI / SID)

Instrument Category Permitted Allocation Range
A. Equity and Equity related instruments based on business cycle 80% - 100%, B. Equity and Equity related instruments other than business cycle : 0% - 20%, C. Debt and Money Market Instruments : 0% - 20%, D. Units issued by InvITs : 0% - 10%. For detailed asset allocation, please refer to the Scheme Information Document

Investment Objective & Strategy

The investment objective of the scheme is to provide long-term capital appreciation by investing in equity and equity related securities with a focus on riding business cycles through dynamic allocation across various sectors / themes / stocks at different stages of business cycle. There is no assurance that the investment objective of the Scheme will be achieved.

ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.

Fund Size Position

Currently managing Rs 1,698 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Sectoral / Thematic schemes.

Too Small Small Comfortable Stretched Strained

Fund Management

Anish Tawakley
Managing scheme since 2026-05-01
0.5 yrs tenure
Sandeep Yadav
Managing scheme since 2026-05-01
0.5 yrs tenure
Aparna Karnik
Managing scheme since 2026-05-01
0.5 yrs tenure

Cost & Capital Gains Taxation

From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.

Applicable Tax Structure

Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.

Tax rules as of 23 July 2024. Verify before investing.

Closest Sectoral / Thematic Peers by Rank

Scheme Score 3Y Return Expense Downside Fund Size Compare
Edelweiss Technology Fund 5.5 - 2.42% 11.6% Rs 819 cr Compare →
ITI Bharat Consumption Fund 4.6 - 2.56% 109.3% Rs 370 cr Compare →
Union Business Cycle Fund 4.3 - 3.03% 94.4% Rs 510 cr Compare →
Motilal Oswal Digital India Fund 4.5 - - 61.2% Rs 1,015 cr Compare →
Tata India Innovation Fund 5.8 - 2.39% 73.4% Rs 1,302 cr Compare →

Frequently Asked Questions about DSP Business Cycle Fund

What is the expense ratio of DSP Business Cycle Fund?

DSP Business Cycle Fund has a total expense ratio (TER) of 2.51% with a base expense ratio of 1.79%, compared to the Sectoral / Thematic category median of 2.52%.

Who manages DSP Business Cycle Fund?

DSP Business Cycle Fund is managed by Anish Tawakley (tenure: 0.5 years since 2026-05-01).

What are the historical returns of DSP Business Cycle Fund?

DSP Business Cycle Fund has a 1-year return of +4.88%.

How large is DSP Business Cycle Fund?

DSP Business Cycle Fund manages assets of Rs 1,698 cr, placing it in the 'comfortable' size band relative to Sectoral / Thematic peers.

How is DSP Business Cycle Fund scored on MFIQ?

DSP Business Cycle Fund holds an MFIQ Score of 5.6/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.

How risky is DSP Business Cycle Fund?

DSP Business Cycle Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 14.58% with a maximum historical drawdown of -14.98%.