MonitorDirect · Growth
Kotak Business Cycle Fund
Kotak Mahindra Mutual FundEquity Scheme - Sectoral/ Thematic3.9 years
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
- NAV
- 17.857
- 15 Sept 2026
- 1Y
- +2.5%
- Trailing CAGR
- Upside capture
- +104%
- Vs NIFTY 500 TRI
- Downside capture
- +82%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.5%
- 3Y+14.5%
- 5Yn/a
- 10Yn/a
- SI+15.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+6.8%
- 3Y+10.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +15.7%
- Calendar-day CAGR
- Excess 1Y
- -1.0%
- Category median, same plan and option
- 3Y win rate
- +97%
- Windows beating the median
- 3Y percentile
- 65
- Vs comparable share classes
- Worst rolling 3Y
- +14.5%
- 233 daily-ending windows
- Median rolling 3Y
- +18.2%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- +10.5%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 16 Sept 2026.
- 1Y excess
- +4.8%
- Fund minus TRI
- 3Y excess
- +5.1%
- Fund minus TRI
- Upside capture
- +104%
- Benchmark-up months
- Downside capture
- +82%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 10 days
- 62 recovered episodes
- Longest recovery
- 169 days
- Trough to prior peak
- Current spell
- 36 days
- Days below latest peak
- Time below peak
- +84%
- NAV observations
23 Sept 2024 – 19 Aug 2025
Trough 3 Mar 2025 · recovered in 169 days
-18.4%
29 Oct 2025 – 19 Jun 2026
Trough 23 Mar 2026 · recovered in 88 days
-14.4%
1 Dec 2022 – 22 May 2023
Trough 28 Mar 2023 · recovered in 55 days
-8.5%
11 Sept 2023 – 1 Dec 2023
Trough 26 Oct 2023 · recovered in 36 days
-6.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
65
Vs category
44
Consistency
80
Risk-adjusted
66
Drawdown
54
Mean
62
Portfolio
31 Aug 2026 · 53 holdings · top 10 are 39.8%.
- Top 5
- 24.9%
- Top 10
- 39.8%
- Largest holding
- 8.2%
- Effective holdings
- 35.5
ICICI Bank Ltd
Financial
8.2%
Aditya Infotech Ltd.
Technology
5.2%
Zomato Ltd
Technology
4.0%
Axis Bank Ltd
Financial
3.8%
Aster DM Healthcare Ltd
Healthcare
3.6%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Supporting reads
- The fund beat the category median in 97% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +25.5%
- 3Y
- n/a
- Vol
- 17.1%
- Max DD
- -16.6%
- Sharpe
- 1.25
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Higher TER
ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND
ICICI Prudential Mutual Fund
- 1Y
- -3.4%
- 3Y
- +9.8%
- Vol
- 12.6%
- Max DD
- -16.7%
- Sharpe
- 0.67
- 3Y win
- +71%
- Lower volatility
- Shallower drawdown
Caveat: Lower trailing returns
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- +0.2%
- 3Y
- +13.9%
- Vol
- 14.1%
- Max DD
- -21.5%
- Sharpe
- 0.68
- 3Y win
- +100%
- Higher win rate vs category
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns
Aditya Birla Sun Life Business Cycle Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.9%
- 3Y
- +11.6%
- Vol
- 13.8%
- Max DD
- -17.8%
- Sharpe
- 0.48
- 3Y win
- +7%
- Shallower drawdown
Caveat: Higher volatility · Higher TER · Lower trailing returns
Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- -2.5%
- 3Y
- +20.3%
- Vol
- 16.8%
- Max DD
- -42.2%
- Sharpe
- 0.20
- 3Y win
- n/a
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown