April 4, 2026
RA Jainee
Edelweiss Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 8.31 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 8.31 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,589 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.53% |
| 1 Year Return (%) | 0.78 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -10.41% |
⚖️ Sahifund Review – Edelweiss Business Cycle Fund ✔
✓ PLUS: Edelweiss Business Cycle Fund stands out for its very low expense ratio of 0.53%, which is a strong positive for investors in an actively managed thematic strategy. The fund has also done relatively better than both its benchmark and category average in the 1-year period, showing some resilience despite difficult market conditions. Its 68-stock portfolio offers better diversification than many thematic funds, reducing concentration risk to some extent. The portfolio’s healthy mid-cap allocation (51.27%) gives it a growth-oriented edge, while still retaining some large-cap balance. Backed by the credibility of Edelweiss Mutual Fund, it can appeal to investors who want a tactical allocation to business-cycle themes through SIP.
⚖️ MINUS: The biggest drawback is that the fund is very new (launched in July 2024), so there is no 3-year or 5-year track record to judge consistency. Its return since launch is still negative (-10.41%), which means early investors have not yet seen convincing wealth creation. The fund’s turnover is extremely high at 198%, suggesting aggressive churn that can increase execution risk and make performance less predictable. Also, this is a thematic/business-cycle fund, which by nature carries higher volatility and timing risk than diversified flexi-cap or multi-cap funds. Compared with older peers like ICICI Pru Business Cycle or Kotak Business Cycle, it still lacks proven cycle-handling capability across different market phases.
Sahifund View (Decisive Line):
Interesting low-cost tactical fund, but still too early to trust as a core portfolio holding — better suited only for high-risk satellite allocation through SIP.
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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 generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. There is no assurance that the investment objective of the Scheme will be achieved.
Fund Manager:
1) Bharat Lahoti
Education: Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies
Experience: Prior to joining Edelweiss Asset Management Limited as a Fund Manager – Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager – Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
2) Bhavesh Jain
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
Basic Details of Edelweiss Business Cycle Fund
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 29-Jul-24 |
| Return Since Launch | -10.41% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 1,589 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.53% |
| (As on 31-Mar-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 198.00% |
Edelweiss Business Cycle Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Business Cycle Dir | -10.21 | -0.59 | -9.60 | -10.87 | -6.42 | 0.78 | — | — | — | — |
| BSE 500 TRI | -12.19 | 0.08 | -8.27 | -13.01 | -8.54 | -0.79 | — | — | — | — |
| Equity: Thematic-Business Cycle | -11.43 | -0.08 | -7.74 | -12.35 | -9.41 | -0.85 | — | — | — | — |
| Rank within category | 5 | 18 | 17 | 4 | 5 | 6 | — | — | — | — |
| Number of funds in category | 17 | 18 | 17 | 17 | 17 | 17 | 7 | 1 | 1 | 1 |
Peer Comparison of Edelweiss 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 (%) | |
| Edelweiss Business Cycle Dir | Unrated | 0.78 | — | — | 0.53 | 1,589 | -10.41 | 1.00 (90) | 1Y 8M | 198.00 |
| ICICI Pru Business Cycle Dir | Unrated | 3.83 | 19.94 | 17.54 | 0.75 | 16,202 | 18.43 | 1.00 (30) | 5Y 2M | 32.00 |
| Kotak Business Cycle Dir | Unrated | 3.94 | 16.46 | — | 0.63 | 3,054 | 13.23 | 0.50 (90) | 3Y 6M | 24.48 |
| Tata Business Cycle Dir | Unrated | -2.82 | 15.82 | — | 0.59 | 2,695 | 13.43 | 0.50 (30) | 4Y 7M | 58.01 |
| HDFC Business Cycle Dir | Unrated | -3.17 | 11.48 | — | 1.10 | 2,650 | 9.09 | 1.00 (365) | 3Y 4M | 61.10 |
Edelweiss Business Cycle Fund Portfolio
| No. of Stocks | 68 |
| Top 10 Stocks | 29.86% |
| Top 5 Stocks | 16.81% |
| Top 3 Sectors | 66.46% |
| Portfolio P/B Ratio | 3.08 |
| Portfolio P/E Ratio | 20.51 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,33,285 | 1,27,675 |
| Giant (%) | — | — |
| Large (%) | 45.56 | 53.15 |
| Mid (%) | 51.27 | 24.25 |
| Small (%) | 3.16 | 22.59 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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