What are the top performing Thematic-Business Cycle funds?

Based on 1-year returns, the top performing Thematic-Business Cycle funds are Invesco India Business Cycle Fund - Direct Plan with 13.99% return, Mahindra Manulife Business Cycle Fund - Direct Plan with 7.85% return, and Union Business Cycle Fund - Direct Plan with 4.22% return. The category average 1-year return is 1.50%.

Which Thematic-Business Cycle funds have given the best returns over 3 years?

Over a 3-year period, the best performing Thematic-Business Cycle funds are Invesco India Business Cycle Fund - Direct Plan with a 19.85% CAGR, Mahindra Manulife Business Cycle Fund - Direct Plan with 19.68% CAGR, and Union Business Cycle Fund - Direct Plan with 17.18% CAGR. The category average 3-year return stands at 16.10% CAGR.

Which Thematic-Business Cycle funds have given the best returns over 5 years?

Over a 5-year period, the top Thematic-Business Cycle funds are Invesco India Business Cycle Fund - Direct Plan with a 17.91% CAGR, Mahindra Manulife Business Cycle Fund - Direct Plan with 16.49% CAGR, and Union Business Cycle Fund - Direct Plan with 0.00% CAGR. The category average 5-year return is 16.49% CAGR.

Which are the best Thematic-Business Cycle funds for SIP investment?

Based on average 5-year rolling returns, the best Thematic-Business Cycle funds for SIP are HSBC Business Cycles Fund - Direct Plan with 5-year average rolling return of 14.44%, -- with 0.00%, and -- with 0.00%. You can start a SIP in Thematic-Business Cycle funds with as little as ₹100 per month.

What are the largest Thematic-Business Cycle mutual funds by assets?

The largest Thematic-Business Cycle funds by Assets Under Management (AUM) are ICICI Prudential Business Cycle Fund - Direct Plan with ₹ 15,813.40 crore, Kotak Business Cycle Fund - Direct Plan with ₹ 3,064.28 crore, and Tata Business Cycle Fund - Direct Plan with ₹ 2,637.21 crore. Together, there are 19 Thematic-Business Cycle funds available in India.

What is the minimum amount to invest in Thematic-Business Cycle funds?

You can start investing in Thematic-Business Cycle funds with a minimum SIP of ₹100 per month or a minimum lumpsum of ₹100. The minimum investment varies across fund houses — some funds allow even lower entry points.

How are Thematic-Business Cycle fund returns taxed?

Gains from Thematic-Business Cycle funds held for less than 12 months are taxed at 20% (Short-Term Capital Gains). Gains on units held for 12 months or more are taxed at 12.5% (Long-Term Capital Gains), with ₹1.25 lakh per year being exempt per financial year. Dividends (IDCW) are taxed at your applicable income tax slab rate.

Which Thematic-Business Cycle funds have the lowest expense ratio?

Among Thematic-Business Cycle funds, Sundaram Business Cycle Fund - Direct Plan has the lowest expense ratio at 0.61% (Direct Plan), followed by ITI Business Cycle Fund - Direct Plan at 0.62%. Lower expense ratios directly improve your net returns over the long term.

How many Thematic-Business Cycle mutual funds are available in India?

There are currently 19 Thematic-Business Cycle mutual funds available in India across different fund houses. You can compare all 19 funds on Sharpely based on returns, risk, AUM, and expense ratio to find the one that suits your investment goals.

mutual funds category

Thematic Business Cycle

Thematic-Business Cycle Funds

Total Schemes

No. of schemes

Total AUM

₹ 0.41Lakh Cr

As on latest

Category Return (5Y)

16.49 %

CAGR

Benchmark

12.29%

NIFTY 500 TRI

Category Returns (%)

Period	1M	6M	1Y	3Y CAGR	5Y CAGR	10Y CAGR	YTD
Thematic-Business Cycle	0.08 %	-3.40 %	1.50 %	16.10 %	16.49 %	14.42 %	-2.56 %
Benchmark	-0.98 %	-5.95 %	-0.83 %	13.55 %	12.29 %	13.90 %	-5.75 %

Top Thematic-Business Cycle Funds (by AUM)

Fund Name	AUM (₹ Cr)	1Y Return	3Y CAGR	5Y CAGR	Expense Ratio
ICICI Prudential Business Cycle Fund - Direct PlanNAV: ₹25.87	15,813.40 Cr	2.74%	19.85%	17.91%	0.75%
Kotak Business Cycle Fund - Direct PlanNAV: ₹16.88	3,064.28 Cr	2.80%	16.72%	-	0.66%
Tata Business Cycle Fund - Direct PlanNAV: ₹20.00	2,637.21 Cr	1.89%	17.11%	-	0.71%
HDFC Business Cycle Fund - Direct PlanNAV: ₹14.50	2,603.96 Cr	-0.71%	11.47%	-	1.00%
Axis Business Cycles Fund - Direct PlanNAV: ₹16.72	2,065.05 Cr	0.18%	15.03%	-	0.91%
Aditya Birla Sun Life Business Cycle Fund - Direct PlanNAV: ₹15.81	1,687.28 Cr	1.15%	13.50%	-	1.12%
Sundaram Business Cycle Fund - Direct PlanNAV: ₹10.68	1,576.42 Cr	-1.53%	-	-	0.61%
Motilal Oswal Business Cycle Fund - Direct PlanNAV: ₹11.27	1,570.51 Cr	-9.43%	-	-	0.99%
Edelweiss Business Cycle Fund - Direct PlanNAV: ₹8.92	1,498.47 Cr	1.00%	-	-	26.52%
Mahindra Manulife Business Cycle Fund - Direct PlanNAV: ₹15.98	1,306.40 Cr	7.85%	-	-	3.01%
Bandhan Business Cycle Fund - Direct PlanNAV: ₹9.64	1,226.70 Cr	-1.91%	-	-	0.63%
HSBC Business Cycles Fund - Direct PlanNAV: ₹45.18	1,149.12 Cr	-2.88%	17.18%	16.49%	1.05%
DSP Business Cycle Fund - Direct PlanNAV: ₹10.17	1,142.93 Cr	3.37%	-	-	0.68%
Invesco India Business Cycle Fund - Direct PlanNAV: ₹13.21	1,015.66 Cr	13.99%	-	-	0.67%
Quant Business Cycle Fund - Direct PlanNAV: ₹17.17	964.68 Cr	3.64%	19.68%	-	2.23%

Thematic-Business Cycle vs Other Categories

5Y CAGR Return Comparison

18.27%

18.18%

16.49%

16.14%

15.82%

Small Cap

Mid Cap

Thematic-Business Cycle

Thematic-Dividend Yield

Thematic-Energy

Key Insights

Thematic-Business Cycle delivered 16.49% CAGR over the last 5 years.

It ranks #7 out of 24 categories based on 5Y performance.

Above the category average return of 15.13%.

6 categories outperform it, while 17 categories have lower returns.

Top performer: Thematic-PSU (24.47%).

Lowest performer: Sectoral-Technology (8.85%).

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

ICICI Prudential Business Cycle Fund - Direct Plan

Fund Performance: ICICI Prudential Business Cycle Fund - Direct Plan has given 19.85% annualized returns in the past three years and 17.91% in the last 5 years. The ICICI Prudential Business Cycle Fund - Direct Plan comes under the Equity category of ICICI Prudential Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Business Cycle Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 15,813.40Cr

1Y Returns

2.74%

Expense Ratio

0.75%

Kotak Business Cycle Fund - Direct Plan

Fund Performance: Kotak Business Cycle Fund - Direct Plan has given 16.72% annualized returns in the past three years. The Kotak Business Cycle Fund - Direct Plan comes under the Equity category of Kotak Mahindra Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Kotak Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 3,064.28Cr

1Y Returns

2.80%

Expense Ratio

0.66%

Tata Business Cycle Fund - Direct Plan

Fund Performance: Tata Business Cycle Fund - Direct Plan has given 17.11% annualized returns in the past three years. The Tata Business Cycle Fund - Direct Plan comes under the Equity category of Tata Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Tata Business Cycle Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 2,637.21Cr

1Y Returns

1.89%

Expense Ratio

0.71%

HDFC Business Cycle Fund - Direct Plan

Fund Performance: HDFC Business Cycle Fund - Direct Plan has given 11.47% annualized returns in the past three years. The HDFC Business Cycle Fund - Direct Plan comes under the Equity category of HDFC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HDFC Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 2,603.96Cr

1Y Returns

-0.71%

Expense Ratio

1.00%

Axis Business Cycles Fund - Direct Plan

Fund Performance: Axis Business Cycles Fund - Direct Plan has given 15.03% annualized returns in the past three years. The Axis Business Cycles Fund - Direct Plan comes under the Equity category of Axis Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Axis Business Cycles Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 2,065.05Cr

1Y Returns

0.18%

Expense Ratio

0.91%

Aditya Birla Sun Life Business Cycle Fund - Direct Plan

Fund Performance: Aditya Birla Sun Life Business Cycle Fund - Direct Plan has given 13.50% annualized returns in the past three years. The Aditya Birla Sun Life Business Cycle Fund - Direct Plan comes under the Equity category of Aditya Birla Sun Life Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Business Cycle Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 500.00

AUM

₹ 1,687.28Cr

1Y Returns

1.15%

Expense Ratio

1.12%

Sundaram Business Cycle Fund - Direct Plan

Fund Performance: The Sundaram Business Cycle Fund - Direct Plan comes under the Equity category of Sundaram Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Sundaram Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,576.42Cr

1Y Returns

-1.53%

Expense Ratio

0.61%

Motilal Oswal Business Cycle Fund - Direct Plan

Fund Performance: The Motilal Oswal Business Cycle Fund - Direct Plan comes under the Equity category of Motilal Oswal Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Business Cycle Fund - Direct Plan via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 500.00

AUM

₹ 1,570.51Cr

1Y Returns

-9.43%

Expense Ratio

0.99%

Edelweiss Business Cycle Fund - Direct Plan

Fund Performance: The Edelweiss Business Cycle Fund - Direct Plan comes under the Equity category of Edelweiss Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,498.47Cr

1Y Returns

1.00%

Expense Ratio

26.52%

Mahindra Manulife Business Cycle Fund - Direct Plan

Fund Performance: The Mahindra Manulife Business Cycle Fund - Direct Plan comes under the Equity category of Mahindra Manulife Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Business Cycle Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 1,306.40Cr

1Y Returns

7.85%

Expense Ratio

3.01%

Bandhan Business Cycle Fund - Direct Plan

Fund Performance: The Bandhan Business Cycle Fund - Direct Plan comes under the Equity category of Bandhan Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Bandhan Business Cycle Fund - Direct Plan via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 1,000.00

AUM

₹ 1,226.70Cr

1Y Returns

-1.91%

Expense Ratio

0.63%

HSBC Business Cycles Fund - Direct Plan

Fund Performance: HSBC Business Cycles Fund - Direct Plan has given 17.18% annualized returns in the past three years and 16.49% in the last 5 years. The HSBC Business Cycles Fund - Direct Plan comes under the Equity category of HSBC Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in HSBC Business Cycles Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 1,149.12Cr

1Y Returns

-2.88%

Expense Ratio

1.05%

DSP Business Cycle Fund - Direct Plan

Fund Performance: The DSP Business Cycle Fund - Direct Plan comes under the Equity category of DSP Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in DSP Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,142.93Cr

1Y Returns

3.37%

Expense Ratio

0.68%

Invesco India Business Cycle Fund - Direct Plan

Fund Performance: The Invesco India Business Cycle Fund - Direct Plan comes under the Equity category of Invesco Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Business Cycle Fund - Direct Plan via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.

Min Investment Amt

₹ 100.00

AUM

₹ 1,015.66Cr

1Y Returns

13.99%

Expense Ratio

0.67%

Quant Business Cycle Fund - Direct Plan

Fund Performance: Quant Business Cycle Fund - Direct Plan has given 19.68% annualized returns in the past three years. The Quant Business Cycle Fund - Direct Plan comes under the Equity category of Quant Mutual Fund.

Minimum Investment Amount: The minimum amount required to invest in Quant Business Cycle Fund - Direct Plan via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.

Min Investment Amt

₹ 5,000.00

AUM

₹ 964.68Cr

1Y Returns

3.64%

Expense Ratio

2.23%