April 28, 2026
RA Jainee
DSP Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 10.37 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 10.37 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,028 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.74% |
| 1 Year Return (%) | 6.69 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 2.74%% |
⚖️ Sahifund Review – DSP Business Cycle Fund ✔
PLUS:
• Decent 1-year return (~6.69%) outperforming benchmark & category average
• Competitive expense ratio (~0.74%) enhances cost efficiency
• Dynamic allocation strategy across sectors helps capture economic cycles
• Backed by experienced fund house DSP Mutual Fund with strong track record
• Well-diversified portfolio (~50 stocks) ensures risk distribution
• Balanced allocation across large, mid & small caps
• Suitable for SIP investors looking to benefit from sector rotation themes
• Category relevance strong in evolving economic cycles
MINUS:
• Very short track record (~1.3 years) – untested across full cycles
• Return since launch (~2.74%) remains modest
• Business cycle strategy can be timing-dependent and volatile
• Mid-tier ranking vs peers despite decent 1-year performance
• Limited consistency visibility due to lack of long-term data
• Moderate concentration (Top sectors ~55%) can impact stability
• May underperform in steady trending markets without clear cycle shifts
• Thematic allocation increases volatility risk
Sahifund View (Decisive Line):
A tactical thematic play with decent early signs—but due to limited history, best suited as a satellite SIP allocation rather than a core holding.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Business Cycle funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks with a focus on riding business cycles for high returns
2. Aiming for long term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Vinit Sambre
Education: Mr. Sambre is a B.Com and FCA.
Experience: Prior to joining DSP he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 10 months |
Basic Details of DSP Business Cycle Fund
| Fund House | DSP Mutual Fund |
| Launch Date | 17-Dec-24 |
| Return Since Launch | 2.74%% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,028 Cr |
| (As on 31-Mar-2026) | |
| Expense | 0.74% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 24.00% |
DSP Business Cycle Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| DSP Business Cycle Fund Dir | -0.67 | -1.13 | 7.40 | 2.51 | -0.35 | 6.69 | — | — | — | — |
| BSE 500 TRI | -4.45 | -0.78 | 10.37 | 0.45 | -3.90 | 3.30 | — | — | — | — |
| Equity: Thematic-Business Cycle | -3.11 | -0.87 | 8.83 | 2.40 | -3.62 | 4.44 | — | — | — | — |
| Rank within category | 4 | 16 | 14 | 7 | 3 | 5 | — | — | — | — |
| Number of funds in category | 17 | 18 | 18 | 17 | 17 | 17 | 7 | 2 | 1 | 1 |
Peer Comparison of DSP Business Cycle Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| DSP Business Cycle Fund Dir | Unrated | 6.69 | — | — | 0.50 (300) | 1,028 | 2.74 | 0.50 (300) | 1Y 4M | 24.00 |
| ICICI Pru Business Cycle Dir | Unrated | 6.72 | 21.93 | 20.04 | 1.00 (30) | 14,359 | 19.81 | 1.00 (30) | 5Y 3M | 32.00 |
| Kotak Business Cycle Dir | Unrated | 7.34 | 19.21 | — | 0.50 (90) | 2,741 | 15.63 | 0.50 (90) | 3Y 6M | 23.10 |
| Tata Business Cycle Dir | Unrated | 2.31 | 19 | — | 0.50 (30) | 2,366 | 15.58 | 0.50 (30) | 4Y 8M | 56.21 |
| HDFC Business Cycle Dir | Unrated | 2.97 | 13.88 | — | 1.00 (365) | 2,334 | 11.96 | 1.00 (365) | 3Y 4M | 59.31 |
DSP Business Cycle Fund Portfolio
| No. of Stocks | 50 |
| Top 10 Stocks | 41.43% |
| Top 5 Stocks | 24.90% |
| Top 3 Sectors | 55.69% |
| Portfolio P/B Ratio | 3.60 |
| Portfolio P/E Ratio | 26.12 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,03,913 | 1,17,708 |
| Giant (%) | — | — |
| Large (%) | 51.79 | 53.03 |
| Mid (%) | 24.47 | 25.08 |
| Small (%) | 23.74 | 21.89 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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