Tata Business Cycle Fund
NAV
₹19.6
as of 6 Oct 2026
Tata Business Cycle Fund is an open-ended Sectoral/ Thematic scheme from Tata Mutual Fund managing ₹2,602 crore (as of 31 Aug 2026). Its Direct-plan NAV is ₹19.6 as of 6 Oct 2026. The expense ratio is 0.89% a year. Managed by Murthy Nagarajan. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.89% / yr
- as of 31 Aug 2026
- Fund size
- ₹2,602 crore
- as of 31 Aug 2026
- Exit load
- 0.5%
- SIP available
- Yes
- Launched
- 4 Aug 2021
- ISIN
- INF277KA1166
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Nifty 500 TRI
Tata Business Cycle Fund
₹184
+84% on ₹100 over 5.0 yrs
Sectoral/ Thematic average
₹176
+76% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -7.06% | -4.47% | -2.59 |
| 6 months | 1.50% | 7.56% | -6.06 |
| 1 year | -2.95% | -0.10% | -2.85 |
| 3 years (CAGR) | 9.90% | 12.32% | -2.42 |
| 5 years (CAGR) | 12.96% | 11.84% | +1.12 |
Category average across 119 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- -8.6%
- Median
- 11.9%
- Best
- 57.5%
49 windows over the last 60 months, stepped monthly; 88% ended positive. Worst window began 1 Oct 2024. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 9.6%
- Median
- 19.1%
- Best
- 27.5%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.52
- Sharpe ratio (5Y)
- 0.67
- Sortino ratio (3Y)
- 0.78
- Standard deviation (3Y)
- 15.30%
- Deepest fall (5Y)
- -19.25%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-19.3%
Right now
-11.1% below peak
Where the money actually is
Equity
97.3%
Cash
2.7%
Whole-portfolio split, as of 31 Aug 2026.
What it owns
53 positions · top 10 = 35.4%
Market-cap mix
Large 44.3%Mid 23.5%Small 28.4%Other 3.8%
as of 31 Aug 2026
Holdings by sector
Financial Services(4 in top 10)27.5%
- Axis Bank Ltd3.89%
- HDFC Bank Ltd3.47%
- L&T Finance Ltd3.33%
- PB Fintech Ltd3.13%
Basic Materials(1 in top 10)17.4%
- Jindal Steel Ltd3.82%
Industrials(3 in top 10)16.5%
- Larsen & Toubro Ltd2.91%
- Delhivery Ltd2.88%
- Cummins India Ltd2.57%
Healthcare(1 in top 10)11.7%
- Metropolis Healthcare Ltd4.57%
Energy(1 in top 10)6.7%
- Reliance Industries Ltd4.79%
- Consumer Defensive4.5%
- Technology4.3%
- Utilities4.0%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Aug 2026. Portfolio turnover 56.9% vs category 37.4% a year.
The businesses it owns
- P/E (trailing)
- 29.6 vs category 25.9
- P/B
- 3.3 vs category 3.9
- Dividend yield
- 0.8% vs category 1.1%
- Net margin
- 15.8% vs category 15.4%
- Earnings growth
- 11.8%
- Avg market cap
- ₹88,935 crore
Money in, money out
- Net flow, 12 months
- −₹371 cr
- Net flow, 3 months
- −₹133 cr
as of 31 Aug 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Tata Business Cycle Fund?
- ₹19.6 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Tata Business Cycle Fund?
- 0.89% a year for the Direct plan, as of 31 Aug 2026.
- How large is Tata Business Cycle Fund?
- ₹2,602 crore under management as of 31 Aug 2026, in the Sectoral/ Thematic category.
- How risky is Tata Business Cycle Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What are the 5-year returns of Tata Business Cycle Fund?
- 12.96% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 11.84%. Past returns do not predict future returns.
- What is the worst 3-year return of Tata Business Cycle Fund?
- 9.6% a year – the weakest of 25 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 19.1% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Tata Business Cycle Fund?
- Murthy Nagarajan, managing this fund for 5.1 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- Tata Digital India Fund₹10,322 crore
- Tata Ethical Fund₹3,861 crore
- BANDHAN INNOVATION FUND₹2,645 crore
- Axis Consumption Fund₹2,616 crore
- DSP Natural Resources And New Energy Fund₹2,574 crore
- Kotak Infrastructure and Economic Reform Fund₹2,493 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty 500 TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.