Tata Mutual Fund · Direct Growth · SEBI Category: Equity
Tata Business Cycle Fund applies the conservative Tata investment culture to business cycle investing — using systematic economic analysis to identify cycle phases and rotate accordingly. Unlike more aggressive business cycle funds, Tata MF's approach emphasises quality businesses within the cyclical sectors it invests in — rotating into quality cement companies rather than the cheapest or most leveraged ones during a construction upcycle.
The fund benefits from Tata MF's strong macro research capabilities and Sonam Udasi's understanding of corporate earnings cycles across different economic phases. The Tata Group's institutional relationships across multiple industries provide research access and management meeting quality that enhances the cycle identification process.
Sonam Udasi manages the equity and business cycle component of Tata Business Cycle Fund, identifying sectors aligned with the current economic phase. Murthy Nagarajan — Head of Fixed Income at Tata MF — manages any debt component. Udasi applies a research-driven, fundamental approach to cycle identification — evaluating economic indicators, corporate earnings trends and sector-specific demand supply dynamics to determine the appropriate sector rotation.
For current co-manager details and full biography, refer to the latest Tata Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| ICICI Prudential Business Cycle Fund | ₹25.49 | ₹15.7K Cr Jan–Mar 2026 | +1.4% | +19.2% p.a. | +17.4% p.a. | 1.13 |
| Tata Business Cycle Fund ▲ | ₹19.98 | ₹2.6K Cr Jan–Mar 2026 | +2.2% | +17.0% p.a. | — | 0.83 |
| HDFC Business Cycle Fund | ₹14.65 | ₹2.6K Cr Jan–Mar 2026 | -0.5% | +11.3% p.a. | — | 0.48 |
| Axis Business Cycles Fund | ₹16.74 | ₹2.1K Cr Jan–Mar 2026 | +0.1% | +15.0% p.a. | — | 0.64 |
| Motilal Oswal Business Cycle Fund | ₹11.42 | ₹1.8K Cr Jan–Mar 2026 | -8.4% | — | — | — |
Calculated from 1,184 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Tata Business Cycle Fund ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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