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 ₹700.43 Crores and the latest NAV decalared is ₹15.730 as on 22 Oct 2019 at 10:15 pm.
L&T Business Cycles Fund Direct-Growth scheme return performance in last 1 year is 12.82%, in last 3 years is 13.87% and 57.30% 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.