April 2, 2026
RA Jainee
Sundaram Business Cycle Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 9.28 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 9.28 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 1,618 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.75% |
| 1 Year Return (%) | -9.12 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -4.13% |
⚖️ Sahifund Review – Sundaram Business Cycle Fund ✔
✓ PLUS: Sundaram Business Cycle Fund offers a dynamic allocation approach that can potentially capture opportunities across changing economic phases, making it an interesting idea for investors who want more than a plain diversified equity fund. Backed by Sundaram Mutual Fund, the fund has a reasonable expense ratio of 0.75% and a fairly controlled turnover of 32.30%, which is positive for a strategy based on sector rotation. The portfolio also has exposure across large, mid and small caps, which gives it some flexibility to benefit from shifting market leadership.
⚖️ MINUS: The actual execution has been weak so far. The fund has delivered poor recent returns, with -9.12% in 1 year and negative since-launch performance, clearly lagging both benchmark and category peers. Its track record is still too short to trust the strategy fully, while the portfolio’s 41% small-cap exposure adds extra volatility risk. Compared with stronger peers like ICICI Prudential and Kotak in the same segment, this fund has not yet demonstrated enough consistency or momentum.
Sahifund View:
Good concept, weak execution till now—worth watching, but not yet worthy of serious long-term conviction.
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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 predominantly in equity and equity related securities with a focus on identifying medium term cycles which can impact the business fundamentals. This will be done through dynamic allocation between various themes and stocks at different stages of cycles in the economy.
Fund Manager:
1) Madanagopal Ramu
Education: MBA, Grad.CWA
Experience: Prior to joining the Sundaram AMC, he was associated with Centrum Broking Pvt Ltd, Sundaram Mutual Fund, Sundaram Alternates and Motilal Oswal AMC
2) Dwijendra Srivastava
Education: Mr. Srivastava is B.Tech , PGDM (Finance) and CFA.
Experience: Prior to joining Sundaram Mutual Fund he has worked with PGIM India Mutual Fund, JM Financial AMC, Tata AMC Private Ltd., Tower Capital and Securities, Indo Swiss Financial and Gontermann Pipers.
3) Sandeep Agarwal
Education: Mr. Agarwal is a B.Com (H) from University of Kota, Chartered Accountant and CS.
Experience: Prior to joining Sundaram Mutual Fund he has worked with Deutsche AMC.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Sundaram Business Cycle Fund
| Fund House | Sundaram Mutual Fund |
| Launch Date | 25-Jun-24 |
| Return Since Launch | -4.13% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,618 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.75% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 32.30% |
Sundaram Business Cycle Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Sundaram Business Cycle Dir | -16.89 | -2.17 | -11.43 | -16.89 | -16.50 | -9.12 | — | — | — | — |
| BSE 500 TRI* | -13.94 | -2.28 | -11.37 | -13.94 | -9.62 | -3.11 | — | — | — | — |
| Equity: Thematic-Business Cycle* | -12.99 | 0.00 | -10.95 | -12.99 | -10.03 | -2.33 | — | — | — | — |
Peer Comparison of Sundaram 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 (%) | |
| Sundaram Business Cycle Dir | Unrated | -9.12 | — | — | 0.75 | 1,618 | -4.13 | 1.00 (365) | 1Y 9M | 32.30 |
| ICICI Pru Business Cycle Dir | Unrated | 1.24 | 19.39 | 17.56 | 0.75 | 16,202 | 18.12 | 1.00 (30) | 5Y 2M | 32.00 |
| Kotak Business Cycle Dir | Unrated | 1.38 | 15.72 | — | 0.63 | 3,054 | 12.60 | 0.50 (90) | 3Y 6M | 24.48 |
| Tata Business Cycle Dir | Unrated | -4.51 | 15.25 | — | 0.59 | 2,695 | 13.06 | 0.50 (30) | 4Y 7M | 58.01 |
| HDFC Business Cycle Dir | Unrated | -5.33 | 10.77 | — | 1.10 | 2,650 | 8.46 | 1.00 (365) | 3Y 4M | 61.1 |
Sundaram Business Cycle Fund Portfolio
| No. of Stocks | 44 |
| Top 10 Stocks | 42.01% |
| Top 5 Stocks | 0.26 |
| Top 3 Sectors | 0.61 |
| Portfolio P/B Ratio | 3.87 |
| Portfolio P/E Ratio | 35.63 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 75,927 | 1,27,675 |
| Giant (%) | — | — |
| Large (%) | 42.51 | 53.15 |
| Mid (%) | 16.08 | 24.25 |
| Small (%) | 41.42 | 22.59 |
| Tiny (%) | — | — |
Apply Online: https://invest.sundarammutual.com/smfnewinvestor/onboarding/login OR
https://www.sundarammutual.com/Fund/AllSchemes
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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