About L&T Business Cycles Fund Direct-Growth
L&T Business Cycles Fund Direct-Growth is a Equity
mutual fund scheme from L&T Mutual Fund
. This scheme was launched on 20 Aug 2014 and is currently managed by its fund manager Venugopal Manghat
. It has an AUM of ₹674.90 Crores and the latest NAV decalared is ₹15.916 as on 13 Dec 2019 at 10:05 pm.
L&T Business Cycles Fund Direct-Growth scheme return performance in last 1 year is 6.29%, in last 3 years is 24.62% and 59.16% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks to generate long term capital appreciation from a portfolio of equity and equity related securities including equity derivatives in the Indian market with focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.